Second-quarter annuity sales jumped 9.9 percent to nearly $54.5 billion from $49.6 billion in the first quarter.
On the flip side, although the Insured Retirement Institute reported that annuity sales are up, they are still slightly down, 1.4 percent, from the $55.3 billion in sales in the second quarter of 2012.
Fixed-annuity sales rose to their highest quarterly level since the fourth quarter of 2011, topping $17.14 billion. That was an increase of 14.6 percent from just under $15 billion in the first quarter and up 0.2 percent from the $17.1 billion in the second quarter of 2012, according to Beacon Research.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
