Here’s how the top indexed, variable annuity sellers did last year

March 22, 2018 by Greg Iacurci

Indexed annuities’ decade-long joy ride came to an end last year. The products saw their first year-over-year sales decline since 2007, dipping 5.4% to $57.6 billion, according to the LIMRA Secure Retirement Institute.

Eleven of the top 15 insurance companies offering indexed annuities lost ground compared with 2016 sales. Allianz Life Insurance Co. of North America — the largest seller — lost the most in dollar terms, shedding $2.7 billion in sales year-over-year.

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Originally Posted at InvestmentNews on March 22, 2018 by Greg Iacurci.