Brighthouse Index-Linked Shield Annuities Up 59% In 1Q
May 9, 2018 by Cyril Tuohy
First quarter sales of Brighthouse Financial’s Shield brand of index-linked variable [structured/buffered] annuities soared 59 percent over the year-ago period to $729 million.
Sales reflect the strength of the company’s distribution relationships and advertising and marketing campaigns, Brighthouse president and CEO Eric Steigerwalt said in a conference call.
Sales of Shield annuities along with the company’s fixed indexed annuities rose 35 percent to $1.3 billion over the year-ago quarter, the company also reported.
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