SECOND QUARTER 2015 INDEXED INSURANCE SALES
September 1, 2015 by Sheryl J. Moore
Indexed Annuity
Wink’s Sales & Market Report, 2nd Quarter 2015 shows second quarter 2015 indexed annuity sales were $12,253 million, compared with sales of $12,566 million for the second quarter of 2014. Second quarter indexed annuity sales were up nearly 8% when compared to the previous quarter, and down just over 2% when compared with the same period last year. Indexed annuity sales were greater this quarter than in any other second quarter in the history of the product line.
Total 2Q2015 indexed annuity sales were $12,253,350,038
The top ten indexed annuity carriers for the second quarter of 2015:
- Allianz Life
- American Equity Companies
- Great American Insurance Group
- American General Life Companies
- Athene USA
- Symetra Financial
- Midland National Life
- Fidelity & Guaranty Life
- EquiTrust
- Security Benefit Life
Average Commission:
The average agent commission was 5.84%; up only 0.05% as compared to last quarter.
Leaders by Channel:
Bank- Great American Insurance Group
Career- American General Life Companies
Independent Agent- American Equity Companies
Independent Broker Dealer: Allianz Life
National Broker Dealer- Allianz Life
Indexed Life
Sales for the second quarter of 2015 were $458 million, compared with sales of $359 million for the second quarter of 2014. Second quarter indexed life sales were up over 20% when compared with the previous quarter, and up nearly 28% as compared to the same period last year.
Total 2Q2015 indexed life sales were $458,016,882
The top ten indexed life carriers for the second quarter of 2015:
- Transamerica
- Pacific Life Companies
- National Life Group (NL/LSW)
- Minnesota Life
- Zurich American Life (est)
- Lincoln National Life
- AXA US
- Nationwide
- Allianz Life
- Accordia
Average Target Premium:
The average target premium paid was $7,517, an increase of more than 8% from the prior quarter.
Leaders by Channel:
Bank- Pacific Life Companies
Career- National Life Group (NL/LSW)
Direct Response- American General Life Companies
Independent Agent- Transamerica
Independent Broker Dealer- AXA US
National Broker Dealer- Nationwide
I would also like to add an earnest note of thanks this quarter to our subscribers. Second quarter results were delayed, as this was Wink’s first quarter reporting fixed and multi-year guaranteed annuity sales and our first quarter reporting sales by product, by distribution (so many more data points packed into our report!). However, results were also delayed as a result of my last living grandparent passing away.
Thank you. As always, please let us know if you have any questions
~sjm