First Quarter 2015 Indexed Insurance Sales
May 19, 2015 by Sheryl J. Moore
Indexed Annuity
Wink’s Sales & Market Report, 1st Quarter 2015 shows first quarter 2015 indexed annuity sales were $11,382 million, compared with sales of $10,887 million for the first quarter of 2014. First quarter indexed annuity sales were down nearly 5.00% when compared to the previous quarter, and up nearly 5.00% when compared with the same period last year. Indexed annuity sales were greater this quarter than in any other first quarter in the history of the product line.
Total 1Q2015 indexed annuity sales were $11,382,555,228
The top ten indexed annuity carriers for the first quarter of 2015
1. Allianz Life
2. American Equity Companies
3. Security Benefit Life
4. Great American Insurance Group
5. Athene USA
6. Fidelity & Guaranty Life
7. Midland National Life
8. American General Life Companies
9. EquiTrust
10. Symetra Financial
Average Commission:
The average agent commission was 5.79%; down more than 0.30% from last quarter’s average.
Leaders by Channel:
Agency- Allianz Life
Bank- Great American Insurance Group
Wirehouse- Voya Financial
Career- American General Life Companies
Indexed Life
Indexed life sales for the first quarter of 2015 were $380 million, compared with sales of $330 million for the first quarter of 2014. First quarter indexed life sales were up down nearly 24% when compared with the previous quarter, and up over 15% as compared to the same period last year. Indexed life insurance sales were greater this quarter than in any other first quarter in the history of the product line.
Total 1Q2015 indexed life sales were $380,397,146.
The top ten indexed life carriers for the first quarter of 2015:
1. Aegon
2. Pacific Life
3. National Life Group (NL/LSW)
4. Minnesota Life
5. Nationwide
6. AXA US
7. Zurich American Life (est)
8. Allianz Life
9. Lincoln National Life
10. Voya Financial
Average Target Premium:
The average target premium paid was $6,936, a decline of more than 10% as compared to the prior quarter.
Leaders by Channel:
Agency- Pacific Life Companies
Bank- Pacific Life Companies
Wirehouse- Aegon
Career- AXA US
~sjm