Friday, March 02, 2007
Beacon's Fixed Annuity Premium Study Reports Fourth Quarter's Fixed Annuity Sales
U.S. sales of fixed annuities fell to an estimated $16.5 billion in fourth quarter, 2006, a decrease of 15.7% from the previous quarter and 1.1% from fourth quarter, 2005. On a calendar year basis, estimated sales of $70.9 billion were 3.3% below 2005, according to new data from the Beacon Research Fixed Annuity Premium Study based on sales of 48 insurance companies. By product type, estimated annual sales in 2006 were: book value - $30.2 billion, indexed - $25 billion, market value-adjusted (MVA) - $9.6 billion, and immediate - $6.1 billion. These estimates reflect declines in all product types except MVA annuities, which grew 71.3%. However, estimated sales of these products decreased 21.7% from the prior quarter.
Beacon's Fixed Annuity Premium Study Reports Fourth Quarter's Fixed Annuity Sales
Source: Insurance News Net
Beacon's Fixed Annuity Premium Study Reports Fourth Quarter's Fixed Annuity Sales
Source: Insurance News Net
Permalink posted by armandn @ 5:56 AM 
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