Year-over-year indexed annuity sales down 2 percent for quarter
September 10, 2015 by Business Record
Total second-quarter sales of indexed annuities were $12.2 billion, up nearly 8 percent compared with first-quarter sales, but down more than 2 percent compared with second quarter 2014 sales, according to Wink’s Sales & Market Report. Fifty-two carriers participated in the report, representing 99.8 percent of indexed annuity production. Allianz Life was the leading carrier for indexed annuity sales, with a market share of 17.3 percent, followed by American Equity Investment Life Holding Co., Great American Insurance Group, American General Life Insurance Co. and Athene USA. Second-quarter indexed life sales totaled $458 million for 46 carriers representing 95.3 percent of the market, which was up 20 percent for the quarter and nearly 28 percent compared with the year-ago quarter.
