Allianz: Buffered Annuity Sales Rise 62 Percent in 3Q
November 14, 2017 by Cyril Tuohy
Allianz reported that third-quarter sales of buffered variable annuities rose 62 percent over the year-ago period in the U.S. This is a sign that advisors have warmed to a small but growing product line within the struggling variable annuity market.
Fee income from asset flows into Pacific Investment Management Co. also boomed in the third quarter, Allianz reported.
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Originally Posted at InsuranceNewsNet on November 13, 2017 by Cyril Tuohy.
Categories: Industry Articles