THIRD QUARTER 2014 INDEXED INSURANCE SALES
November 19, 2014 by Sheryl J. Moore
Indexed Annuity
Wink’s Sales & Market Report, 3rd Quarter 2014 shows third quarter 2014 indexed annuity sales were $11,488 million, compared with sales of $10,050 million for the third quarter of 2013. Third quarter indexed annuity sales were down nearly 9.00% when compared to the previous quarter, and up more than 14.00% when compared with the same period last year. Third quarter year-to-date sales are greater than they have been in any full year with the exception of 2013’s record-setting sales.
Total 3Q2014 indexed annuity sales were $11,488,708,943.
The top ten indexed annuity carriers for the Third quarter of 2014:
- Allianz Life
- American Equity Companies
- Security Benefit Life
- Great American Insurance Group
- Athene USA
- Fidelity & Guaranty Life
- Symetra Financial
- Midland National Life
- EquiTrust
- American General Life Companies
Average Commission:
The average agent commission was 6.04%; up slightly from last quarter’s average. This is the third consecutive increase in the average commission paid to the sales agent, after two years of declines.
Leaders by Channel:
Agency- Allianz Life
Bank- Great American Insurance Group
Wirehouse- Voya Financial
Career- American General Life Companies
Indexed Life
Indexed life sales for the third quarter of 2014 were $372 million, compared with sales of $314 million for the third quarter of 2013. Third quarter indexed life sales were up more than 4% when compared with the previous quarter, and up nearly 19% as compared to the same period last year.
Total 3Q2014 indexed life sales were $372,833,600.
The top ten indexed life carriers for the Third quarter of 2014:
- Pacific Life Companies
- Aegon
- National Life Group (NL/LSW)
- Minnesota Life
- Zurich American Life (est)
- Allianz Life
- Lincoln National Life
- AXA US
- Nationwide Financial
- Voya Financial
Average Target Premium:
The average target premium paid was $6,490, an increase of nearly 7% as compared to last quarter.
Leaders by Channel:
Agency- Pacific Life Companies
Bank- Pacific Life Companies
Wirehouse- Aegon
Career- AXA US