SECOND QUARTER 2015 FIXED ANNUITY SALES
September 1, 2015 by Sheryl J. Moore
Traditional Fixed Annuity
Sales for the second quarter of 2015 were 2015 were $2,461 million. Given that this is the first quarter that Wink has collected data on sales of fixed annuities, comparisons will be available in future quarters.
Total 2Q2015 traditional fixed annuity sales were $3,740,217,752
THE TOP TEN FIXED ANNUITY CARRIERS FOR THE SECOND QUARTER OF 2015:
1. AIG
2. Jackson National Life
3.Thrivent Financial
4. Reliance Standard
5. Forethought Life
6. Security Benefit LIfe
7. American National
8. Great American Insurance Group
9. Western United Life
10. Genworth
AVERAGE COMMISSION:
The average agent commission was 3.06%.
LEADERS BY CHANNEL:
Bank- AIG
Career- Thrivent Financial
Direct Response- Genworth
Independent Agent- Jackson National Life
Independent Broker Dealer- Jackson National Life
National Broker Dealer- AIG
Multi-Year Guaranteed Annuity (MYGA)
Sales for the second quarter of 2015 were $4,203 million. Given that this is the first quarter that Wink has collected data on sales of multi-year guaranteed annuities, comparisons will be available in future quarters.
Total 2Q2015 MYGA sales were $4,203,489,331.
THE TOP TEN MYGA CARRIERS FOR THE SECOND QUARTER OF 2015:
1. Forethought Life
2. Delware Life
3. North American Company
4. Midland National Life
5. Oxford Life
6. Genworth
7. Pacific Life Companies
8. EquiTrust
9. Great American Insurance Group
10. Sentinel Security Life
AVERAGE COMMISSION:
The average agent commission was 1.39%.
LEADERS BY CHANNEL:
Bank- Forethought Life
Career- RiverSource Life
Direct Response- Farm Bureau Life
Independent Agent- North American Company
Independent Broker Dealer- Midland National Life
National Broker Dealer- Forethought Life
Given that this is the first quarter that Wink has collected data on sales of MYG and traditional fixed annuities, additional comparisons will be available in future quarters.