3Q Annuity Sales Up 9%, With VAs In The Lead

Individual annuity sales reached $58.7 billion in the 3rd quarter of 2006, making for a 9% increase over the same period in 2005, according to figures from LIMRA International, Windsor, Conn.

For the first 3 quarters of 2006, annuity sales totaled $177.9 billion, also up 9% over the same period in 2005, says LIMRA.

Variable annuities led the 3rd quarter results, reaching $37.9 billion, up 9% over the same year-earlier quarter, says LIMRA. For the first 3 quarters, VA sales hit $119.6 billion, up 18% compared to the same year-earlier period.

3Q Annuity Sales Up 9%, With VAs In The Lead
Source: National Underwriter (subscription required)