The 54th Annuity Specs Indexed Sales Market Report in which thirty-nine indexed annuity carriers participated, representing 99% of indexed annuity production shows that total fourth quarter sales were euro 6b ($8.3 b), up 19% from the same period last year. As compared to the previous quarter, sales were down nearly 5%.
“I predicted that we’d continue to see record sales of indexed annuities after the market collapsed in 2008, and I’m happy to see that has proven accurate- three years running!” said Sheryl J. Moore, President and CEO of Annuity Specs. “Now that indexed annuities account for 40% of all fixed annuities sold, insurance companies not offering these products won’t be able to turn away any long"
Worth noting this quarter is the fact that Allianz Life maintained their position as the #1 carrier in the market with a 23% market share. American Equity took the position as second-ranked company in the market, while Aviva, Jackson National and ING rounded-out the top five, respectively. Allianz Life’s MasterDex X is the #1 selling indexed annuity for the seventh consecutive quarter.
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