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January Inflows for Annuity Products

The January annuity results are in and have been tallied by the Depository Trust and Clearing Corporation’s Insurance and Retirement Services.  The DTCC Business Wire press release is published through Market Watch and the Wall Street Journal.  This information was collected from the DTCC’s online Analytic Reporting for Annuities.

For the most recent thirteen months, annuity sales have been on a downward trend.  Inflows were down 20% from December’s $7.8 billion to January’s $6.2 billion.  Outflows were also down for the month, from $5.9 billion in December down 8% to to $5.5 billion in January.

Sixty-six percent of the inflows in January were from the top 10 insurance companies.  The top 10 annuity products made up for 36% of January’s inflows.  Positive net flows were seen for 538 annuity products in January, but 2,256 annuity products had negative net flows.  The amount of inflows into 401k’s stayed high in January, maintaining the 91% increase in December.

A recent collaboration between the DTCC and the Retirement Income Industry Association allows the DTCC to collect inflow information from six distribution channels.  In January, inflows of annuity products came through independent broker/dealers 27% of the time.  This was followed by wirehouses at 19%, regional broker/dealers at 14%, bank broker dealers at 13%, insurance broker/dealers at 6%, and 17% through other channels.  Ask an Annuity FYI expert if you have annuity questions at any time.

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