Thursday, January 04, 2007
3Q Annuity Sales Up 9%, With VAs In The Lead
Individual annuity sales reached $58.7 billion in the 3rd quarter of 2006, making for a 9% increase over the same period in 2005, according to figures from LIMRA International, Windsor, Conn.
For the first 3 quarters of 2006, annuity sales totaled $177.9 billion, also up 9% over the same period in 2005, says LIMRA.
Variable annuities led the 3rd quarter results, reaching $37.9 billion, up 9% over the same year-earlier quarter, says LIMRA. For the first 3 quarters, VA sales hit $119.6 billion, up 18% compared to the same year-earlier period.
3Q Annuity Sales Up 9%, With VAs In The Lead
Source: National Underwriter (subscription required)
For the first 3 quarters of 2006, annuity sales totaled $177.9 billion, also up 9% over the same period in 2005, says LIMRA.
Variable annuities led the 3rd quarter results, reaching $37.9 billion, up 9% over the same year-earlier quarter, says LIMRA. For the first 3 quarters, VA sales hit $119.6 billion, up 18% compared to the same year-earlier period.
3Q Annuity Sales Up 9%, With VAs In The Lead
Source: National Underwriter (subscription required)