Top 10 annuity sales leaders
May 23, 2016 by Kristen Beckman
The top 10 annuity carriers accounted for 54 percent of all annuity sales during the first quarter of 2016, according to new rankings from the LIMRA Secure Retirement Institute.
Annuity sales across the industry totaled nearly $59 billion during the quarter. Total variable annuity sales were $26.6 billion, and total fixed annuity sales were $32.3 billion.
There was one newcomer to the top 10 during the first quarter of 2016: American Equity Investment Life. It ranked 14 on last year’s 1Q list and 10 on this year’s list.
While this year’s other top nine companies were part of the top 10 during last year’s first quarter, their positions changed quite a bit.