1Q Annuity Sales Up 38% Year Over Year, LIMRA Reports

May 21, 2019 by Staff and Wire Reports

First quarter 2019 fixed annuity sales were $38 billion, a 38% increase compared with first quarter 2018, according to LIMRA Secure Retirement Institute’s First Quarter 2019 U.S. Retail Annuity Sales Survey.

Fixed sales have outperformed variable annuity (VA) sales in 11 of the last 13 quarters and they represent 63% of overall annuity sales.

Overall, U.S. annuity sales were $60.8 billion; an increase of 17% from the first quarter 2018 results. It is the highest first quarter for total annuity sales going back a decade.

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Wink’s Note: Wink’s Sales & Market Report, 1st Quarter, 2019 will be published in May; the annuity report is pending the last public insurer’s earnings call on May 28th.

Originally Posted at InsuranceNewsNet on May 21, 2019 by Staff and Wire Reports.