We would love to hear from you. Click on the ‘Contact Us’ link to the right and choose your favorite way to reach-out!

wscdsdc

media/speaking contact

Jamie Johnson

business contact

Victoria Peterson

Contact Us

855.ask.wink

Close [x]
pattern

Industry News

Categories

  • Industry Articles (21,989)
  • Industry Conferences (2)
  • Industry Job Openings (3)
  • Moore on the Market (479)
  • Negative Media (144)
  • Positive Media (73)
  • Sheryl's Articles (825)
  • Wink's Articles (373)
  • Wink's Inside Story (281)
  • Wink's Press Releases (127)
  • Blog Archives

  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • November 2010
  • October 2010
  • September 2010
  • August 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • August 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • November 2008
  • September 2008
  • May 2008
  • February 2008
  • August 2006
  • LIMRA: Annuity Sales Decline In First Quarter

    May 19, 2015 by LIMRA

    News release from LIMRA

    WINDSOR, Conn., May 19, 2015—Total U.S. annuity sales dropped 7 percent in the first quarter, totaling $54.4 billion. Every major product line except indexed annuities and structured settlements experienced declines in the first quarter.
    “Persistent low interest rates and market volatility in the first quarter had an impact on all product lines,” said Todd Giesing, senior business analyst, LIMRA Secure Retirement Research. “However, there may be a seasonal component to it as well. Our research shows the first quarter is traditionally a slow quarter for annuity sales. Total annuity sales have been lower in the first quarter than the prior quarter eight out of the last nine years.”
    Variable annuity sales fell 5 percent in the first quarter, to $32.4 billion. The declines were felt broadly with 8 of the top 10 companies experiencing declines. This represents the lowest quarterly sales for VAs since the first quarter of 2010.

    “Many of the top companies are still managing sales volumes closely, focusing on diversification of their VA GLB business,” noted Giesing.

    The election rate for GLB riders when available was 77 percent in the first quarter, which is down from a record high of 90 percent back in the first quarter 2012.

    Declining interest rates in the first quarter drove total fixed annuity sales to fall 8 percent, to $22 billion.

    Sales of fixed rate deferred annuities (Book Value and MVA) dropped 24 percent in the first quarter, totaling $6.4 billion.

    Indexed annuities increased 3 percent in the first quarter to $11.6 billion. This is the eighth consecutive quarter of increased sales. Indexed annuity guaranteed living benefits (GLBs) election rates crept up slightly, with 68 percent electing a GLB when available.
    SPIA’s sales dropped 20 percent for the quarter to $2.0 billion.

    Deferred income annuity (DIAs) sales were $560 million in the first quarter, down 10 percent from the first quarter of 2014. This is the lowest quarterly sales since third quarter of 2013. LIMRA Secure Retirement Institute reports there are now 16 carriers offering DIAs, up from nine in 2013. In addition, there are six companies are now offering QLAC.

    The 2015 first quarter Annuities Industry Estimates can be found in the updated Data Bank. To view the top twenty rankings of total, variable and fixed annuity writers for first quarter 2015, please visit 2015 First Quarter Annuity Rankings. To view variable, fixed and total annuity sales over the past 10 years, please visit Annuity Sales 2005-2014.

    LIMRA Secure Retirement Institute’s first quarter U.S. Individual Annuities Sales Survey represents data from 96 percent of the market.

    Originally Posted at InsuranceNewsNet on May 19, 2015 by LIMRA.

    Categories: Industry Articles
    currency