Friday, September 01, 2006
VAs Head for Banner Year
New sales of variable annuities continued to climb through the first quarter of 2006, reaching $37.6 billion and falling just short of an all-time high for VA sales in a quarter. Those sales represent an increase of 18.9% over the first quarter of 2005. Should VA sales continue at the first quarter's furious pace, total sales for the year would reach a record-breaking $150.4 billion. Last year, which saw new sales of $131.7 billion, set the current record. Variable annuity net assets also rose by double digits last year, increasing 14.2%, to a total of $1.26 trillion.
VAs Head for Banner Year
Source: Financial Planning
VAs Head for Banner Year
Source: Financial Planning
Permalink posted by armandn @ 12:30 PM 
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