Fourth Quarter 2015 Indexed Insurance Sales
March 15, 2016 by Sheryl J. Moore
Indexed Annuity
Wink’s Sales & Market Report, 4th Quarter 2015 shows sales for the fourth quarter of 2015 were $15,573 million, compared with sales of $11,954 million for the fourth quarter of 2014. Fourth quarter indexed annuity sales were up more than 12.00% when compared to the previous quarter, and up over 30.00% when compared with the same period last year. This was a record-setting quarter for indexed annuity sales, topping the prior 3Q2015 record by 12.36%. This was also a record-setting year for indexed annuity sales, topping the previous 2014 record by 13.16%.
Total 4Q2015 indexed annuity sales were $15,573,499,669
Total 2015 indexed annuity sales were $53,069,849,936
The top ten indexed annuity carriers for the fourth quarter of 2015:
- Allianz Life
- American Equity Companies
- Nationwide
- AIG
- Great American Insurance Group
- Midland National Life
- Symetra Financial
- Athene USA
- Voya Financial
- North American Company
Average Commission:
The average agent commission was 5.57%; up 0.05% as compared to last quarter.
Leaders by Channel:
Bank- Symetra
Career- AIG
Direct Response- Symetra
Independent Agent- American Equity Companies
Independent Broker Dealer: Allianz Life
National Broker Dealer- Pacific Life Companies
Indexed Life
Indexed life sales for the fourth quarter of 2015 were $541 million, compared with sales of $498 million for the fourth quarter of 2014. Fourth quarter indexed life sales were up over 13.00% when compared with the previous quarter, and up nearly 9.00% as compared to the same period last year. This was a record-setting quarter for indexed life sales, topping the 4Q2014 record by 8.72%. This was also a record-setting year for indexed life sales, topping the previous 2012 record by 4.38%.
Total 4Q2015 indexed life sales were $541,591,058.
Total 2015 indexed life sales were $1,858,611,594.
The top ten indexed life carriers for the fourth quarter of 2015:
- Transamerica
- Pacific Life Companies
- National Life Group
- Minnesota Life
- Lincoln National Life
- Zurich American Life (est)
- Nationwide
- Prudential Companies
- AXA US
- Voya Financial
Average Target Premium:
The average target premium paid was $8,640; an increase of more than 11.00% as compared to last quarter.
Leaders by Channel:
Bank- Pacific Life Companies
Career- AXA US
Direct Response- AIG
Independent Agent- Transamerica
Independent Broker Dealer- Ameritas
National Broker Dealer- Nationwide
Wink’s subscribers can log in to www.LookToWink.com, and download your reports now!
~sjm
