FIAs and RILAs post record sales in Q3
November 27, 2024 by InsuranceNewsNet Press Release
Representing 45% of U.S. annuity sales, record-high fixed indexed and registered index-linked annuity sales propelled the continued growth in the U.S. annuity market in the third quarter.
Total annuity sales increased 30% year over year to $114.7 billion in the third quarter 2024, according to LIMRA’s U.S. Individual Annuity Sales Survey, which represents 92% of the total market. In the first nine months of 2024, total annuity sales increased 23% to $332 billion.
Click HERE to read the full story via INN
Wink’s Inside Story: Wink’s Sales & Market Report, the insurance industry’s #1 resource for annuity sales data since 1998, released its 109th edition report for 3rd Quarter, 2024. One hundred and thirty-six annuity providers participated in the report. Products with Indexed Interest Blaze New Sales Records!
Total third quarter sales for all annuities were $115.2 billion; sales were up 6.6% when compared to the previous quarter. All annuities include the multi-year guaranteed (MYG) annuity, traditional fixed annuity, indexed annuity, structured annuity, variable annuity, immediate income (SPIA), and deferred income annuity product lines.
