THIRD QUARTER 2015 INDEXED INSURANCE SALES
November 25, 2015 by Sheryl J. Moore
Indexed Annuity
Wink’s Sales & Market Report, 3rd Quarter 2015 shows sales for the third quarter of 2015 were $13,872 million, compared with sales of $11,488 million for the third quarter of 2014. Third quarter indexed annuity sales were up more than 13.00% when compared to the previous quarter, and up nearly 21.00% when compared with the same period last year. This was a record-setting quarter for indexed annuity sales, topping the prior 2Q2014 record by 20.75%. Third quarter year-to-date sales are greater than they have been in any full year with the exception of years 2013 and 2014.
Total 3Q2015 indexed annuity sales were $13,872,333,932
The top ten indexed annuity carriers for the Third quarter of 2015:
- Allianz Life
- American Equity Companies
- Great American Insurance Group
- AIG
- Nationwide
- Symetra Financial
- Midland National Life
- Athene USA
- Forethought Life
- Voya Financial
Average Commission:
The average agent commission was 5.52%; down over 0.30% as compared to last quarter.
Leaders by Channel:
Bank- Symetra
Career- AIG
Direct Response- Symetra Life Insurance Company
Independent Agent- American Equity Cos.
Independent Broker Dealer- Allianz Life
National Broker Dealer- Allianz Life
Indexed Life
Indexed life sales for the third quarter of 2015 were $478 million, compared with sales of $372 million for the third quarter of 2014. Third quarter indexed life sales were up over 4.00% when compared with the previous quarter, and up over 28.00% as compared to the same period last year. Indexed life insurance sales were greater this quarter than in any other third quarter in the history of the product line.
Total 3Q2015 indexed life sales were $478,624,507.
The top ten indexed life carriers for the Third quarter of 2015:
- Transamerica
- Pacific Life Companies
- National Life Group (NL/LSW)
- Minnesota Life
- AXA US
- Nationwide
- Zurich American Life (est)
- Lincoln National Life
- Prudential Companies
- Voya Financial
Average Target Premium:
The average target premium paid was $7756, an increase of more than 3% as compared to last quarter.
Leaders by Channel:
Bank- Pacific Life Companies
Career- AXA US
Direct Response- American General Life Companies
Independent Agent- Transamerica
Independent Broker Dealer- Lincoln National Life
National Broker Dealer- Nationwide
