Top 20 Sellers of Total, Fixed, & Variable Annuities

LIMRA just released annuity sales results from the fourth quarter of 2010 and the total year results, according to Ruthie Ackerman's article in the Financial Times. "Who Were the Top 20 Annuity Writers in 2010?" summarizes the top sellers.  Total annuity sales were published along with totals for sales of variable annuities and fixed annuities.  Of the top 20, half of them had sales increases over the previous year.  The top three sellers of variable annuities reached sales records, while... Read More

Fixed Indexed Annuities Add to Company Gains

The editors at Retirement Income Journal put together "The Bucket," an article summarizing Financial Engines' third quarter financial results.  The investment management company which gives retirement planning advice to employees saw a 45% increase in the assets they manage and a 31% increase in revenue this quarter over the third quarter of 2009.  The article highlights the successes of the insurance companies that Financial Engines works with.Jackson National Life sold more variable... Read More

Equity Indexed Annuities Boost Income

Thanks to an increase in equity indexed annuities sales, American Equity Investment Life Holding Co. had a third quarter increase in their net income.  The Associated Press article, "American Equity posts $20.5M in 3Q net income," is from Bloomberg Business Week.  After a net loss last year at this time, American Equity is pleased to report the profitable net income of $20.5 million for the third quarter.  Although their 33 cents per share was less than Wall Street anticipated for them, an... Read More

Fixed Annuity Sales Up From First Quarter

According to Investment News' article "NY Life tops 2Q list of fixed-annuities sellers" by Darla Mercado, fixed annuity sales increased from the first quarter of this year to the second quarter.  With sales of $19.4 billion in the second quarter, fixed annuity sales increased 18% from the first quarter but went down 30% from last year.  New York Life Insurance Co. sold $1.74 billion of fixed annuities to nab the top sales spot.  Allianz Life Insurance Co. of North America had the second... Read More

Fixed Indexed Annuities Battle Over

It looks like the battle is over for fixed indexed annuities and other indexed annuity products.  The U.S. Securities and Exchange Commission said they would have to reevaluate their information after the U.S. Court of Appeals vacated the SEC's Rule 151A.  The SEC had hoped to get indexed annuities classified as securities so they would be put under the SEC's jurisdiction.  According to National Underwriter's "Rater: Indexed Annuity Ruling Will Stick," Standard & Poor's Ratings Services... Read More

Indexed Annuities Break Records in 2009

With $30 billion of sales in 2009, indexed annuities set a record for the highest sales of all time, according to "2009 Indexed Annuity Sales Set Record" from Insurance News Net.  The previous record from 2007 was beat by close to 10%.  Data representing 99% of the companies selling indexed annuities was collected by Annuity Spec's Indexed Sales and Market Report.  While 4th quarter indexed annuity sales were down from the third quarter, sales levels were adjusting back to a normal level... Read More - Prefooter


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