Indexed Annuity Sales Up From Last Quarter, Wink Report Finds
2nd quarter indexed annuity sales were just over $14.6 billion, up more than 13.3% from the previous quarter, but down nearly 6% from the same time last year, according to Wink’s Sales and & Market Report.
Allianz Life kept their number one spot in indexed annuities, with a 15% market share. New York Life came in second.
2nd quarter traditional fixed annuity sales were just over $10 billion, down over 7% when compared to the previous quarter, and down nearly 39% from the same time last year.
2nd quarter multi-year guaranteed annuity sales were over $7.8 billion, down more than 12.4% from the previous quarter and down nearly 11% from the same time last year.