AIG Rides Annuity Sales To Financial Success
August 30, 2016 by Cyril Tuohy
Nearly a decade after American International Group almost collapsed, the New York-based insurance giant has re-invented itself as the top seller of fixed and variable annuities.
In the first half of the year, AIG finished in the No. 1 spot with $9.78 billion worth of individual fixed and variable annuity sales. Jackson National Life was second with $9.35 billion in sales, according to LIMRA data.
Last year, AIG was second with fixed and variable annuity sales of $19.9 billion.
“Our No. 1 position in the first half of 2016 in individual annuity sales reflects the strength and diversity of AIG’s retirement products in meeting our clients’ needs,” said Jana Greer, president and CEO of individual and group retirement.
Click HERE to read the full article. INN articles may require a subscription to view.
……………………………………………………………
AIG also sells fixed indexed annuities under the AG Choice Index, Power Index Plus and Power Index Plus Income annuities. The company was the No. 4 seller of fixed indexed annuities last year, according to Wink’s Sales and Market Report.
