Prudential Plc builds U.S. annuity lead with $12.7 billion sales

August 29, 2014 by Zachary Tracer

(Bloomberg) — Prudential Plc, the largest U.K. insurer by market value, extended its lead in U.S. variable annuity sales at its Jackson National Life unit as rivals scaled back.

Jackson sold $12.7 billion of the retirement contracts in the first six months of 2014, an increase of 24 percent from a year earlier, according to data released yesterday by the Limra Secure Retirement Institute. Industry-wide sales fell 4 percent to $70.4 billion.  Click here to read…

Originally Posted at LifeHealthPro on August 20, 2014 by Zachary Tracer.