Wink, Inc. Releases Third Quarter, 2015 Indexed Sales Results
November 30, 2015 by Wink, Inc
INDEXED INSURANCE SALES CONTINUE TO BREAK RECORDS
Wink, Inc. Releases Third Quarter, 2015 Indexed Sales Results
Pleasant Hill, Iowa. November 25th, 2015– Fifty-five indexed annuity carriers participated in the 73rd edition of Wink’s Sales & Market Report, representing 99.8% of indexed annuity production. Total third quarter sales were $13.8 billion! Third quarter indexed annuity sales were up more than 13.0% when compared to the previous quarter, and up nearly 21.0% when compared with the same period last year. “Typically, the third quarter is a down quarter for sales; especially for indexed annuities,” explained Sheryl J. Moore, President and CEO of both Moore Market Intelligence and Wink, Inc. She added, “I cannot wait to see what the close of the year has to bring us, in terms of indexed annuity sales records!”
Noteworthy highlights for the third quarter include Allianz Life as the #1 carrier in indexed annuities, with a market share of 14.7% and American Equity Companies as the #2 carrier. Rounding out the top five carriers in the market are Great American Insurance Group, AIG, and Nationwide. Allianz Life’s Allianz 222 Annuity was the #1 selling indexed annuity for the fifth consecutive quarter.
For indexed life sales, 45 insurance carriers participated in Wink’s Sales & Market Report, representing 95.1% of production. Third quarter sales were $478.6 million. When evaluating third quarter indexed life sales, results were up over 4.0% when compared with the previous quarter, and up over 28.0% when compared to the same period last year. “Indexed life sales were greater than any other third quarter in the history of this product line! It looks like AG49 has not yet had much of an impact on the sales; I can’t wait to see total 2015 sales,” exclaimed Ms. Moore.
Items of interest in the indexed life market this quarter include Transamerica maintaining the #1 ranked company in indexed life sales, with a 15.2% market share. Pacific Life continues to hold the second-ranked position; while National Life Group, Minnesota Life, and AXA US rounded-out the top five companies, respectively.
Transamerica Premier Financial Foundation IUL was the #1 selling indexed life insurance product for the seventh consecutive quarter. The average indexed UL target premium reported for the quarter was $7,556; an increase of more than 3.0% from the prior quarter.
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The staff of Moore Market Intelligence has combined experience of nearly four decades working with indexed insurance products. The firm provides services in speaking, research, training, product development, and marketing of indexed annuities and indexed life insurance. Their knowledge in product filing research and policy forms analysis, coupled with their unmatched resources in insurance distribution, give them the expertise to provide competitive intelligence that allows carriers to stay ahead of their competition.
Sheryl J. Moore is president and CEO of this specialized third-party market research firm and the guiding force behind the industry’s most comprehensive indexed life and indexed annuity due diligence tools, AnnuitySpecs and LifeSpecs distributed by Wink, Inc. Ms. Moore previously worked as market research analyst for top carriers in the indexed life and annuity industries. Her views on the direction on the indexed market are frequently heard in seminars and quoted by industry trade journals.
Ms. Moore is the author of the quarterly Wink’s Sales & Market Report. Serving as the insurance industry’s #1 resource of indexed insurance product sales since 1997, this report provides sales by product, company, crediting method, index, distribution, surrender charge period, and more. Wink’s Sales & Market Report expanded to cover all fixed deferred annuity products in 2015.
Wink, Inc. is the company that distributes resources such as this sales report, along with the competitive intelligence tools AnnuitySpecs and LifeSpecs at www.LookToWink.com.
November 25th, 2015
Pleasant Hill, IA
(855) ASK-WINK
