2021 Annuity Sales Highest In 13 Years, LIMRA Reports

February 1, 2022 by Staff Reports

Total U.S. annuity sales were $254.8 billion in 2021, up 16% from 2020. This represents the highest annual annuity sales since 2008, and the third highest sales recorded in history, according to preliminary results from the Secure Retirement Institute U.S. Individual Annuity Sales Survey.

Total annuity were $63.4 billion in the fourth quarter, 8% higher than fourth quarter 2020.

“Strong equity market growth in the fourth quarter and in 2021 propelled double-digit growth in both traditional variable annuity and registered index-linked annuity sales, resulting in strong year-over-year results,” said Todd Giesing, assistant vice president, SRI Annuity Research.

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Originally Posted at InsuranceNewsNet on January 27, 2022 by Staff Reports.