THIRD QUARTER 2015 FIXED ANNUITY SALES
December 15, 2015 by Sheryl J. Moore
Traditional Fixed Annuity
Sales for the third quarter of 2015 were $3,094 million. Third quarter fixed annuity sales were down over 17.00% when compared to the previous quarter.
Total 3Q2015 traditional fixed annuity sales were $3,094,235,363
THE TOP TEN FIXED ANNUITY CARRIERS FOR THE THIRD QUARTER OF 2015:
1. AIG
2. Jackson National Life
3. MassMutual Life
4. Thrivent Financial
5. Reliance Standard
6. Knights of Columbus
7. Forethought Life
8. American National
9. Nationwide
10. New York Life
AVERAGE COMMISSION:
The average agent commission was 2.80%.
LEADERS BY CHANNEL:
Bank- AIG
Career- Thrivent Financial
Direct Response- N/A
Independent Agent- Jackson National Life
Independent Broker Dealer- Jackson National Life
National Broker Dealer- AIG
Multi-Year Guaranteed Annuity (MYGA)
Sales for the third quarter of 2015 were $6,149 million. Third quarter MYGA sales were up nearly 47.00% when compared to the previous quarter.
Total 3Q2015 MYGA sales were $6,149,298,503
THE TOP TEN MYGA CARRIERS FOR THE THIRD QUARTER OF 2015:
1. New York Life
2. Forethought Life
3. Symetra
4. Delaware Life
5. American National
6. Midland National Life
7. Genworth
8. Pacific Life Companies
9. Oxford Life
10. Great American Insurance Group
AVERAGE COMMISSION:
The average agent commission was 1.39%.
LEADERS BY CHANNEL:
Bank- New York Life
Career- New York Life
Direct Response- Genworth
Independent Agent- Forethought Life
Independent Broker Dealer- Forethought Life
National Broker Dealer- Forethought Life
Given that this is the second quarter that Wink has collected data on sales of MYG and traditional fixed annuities, additional comparisons will be available in future quarters.
