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  • THIRD QUARTER 2019 ANNUITY SALES

    November 26, 2019 by Sheryl J. Moore

    Deferred Annuity Sales

    Total 3Q2019 deferred annuity sales were $55,206,815,849. Third quarter deferred annuity sales were down more than 5% when compared to the previous quarter.

     

    Non-Variable Deferred Annuity Sales

    Total 3Q2019 non-variable deferred annuity sales were $29,210,974,291. Third quarter non-variable deferred annuity sales were down nearly 12% when compared to the previous quarter, and were down nearly 2% when compared to the same period last year.

    Variable Deferred Annuity Sales

    Total 3Q2019 variable deferred annuity sales were $25,995,841,558. Third quarter variable annuity sales were up more than 3% when compared to the previous quarter.

    Indexed Annuity
    Sales for the third quarter of 2019 were $18,678 million, compared with sales of $17,696 million for the third quarter of 2018. Third quarter indexed annuity sales were down more than 5% when compared to the previous quarter, and up nearly 6% when compared to the same period last year.

    Total 3Q2019 indexed annuity sales were $18,678,517,313.

     

    THE TOP TEN INDEXED ANNUITY CARRIERS FOR THE THIRD QUARTER OF 2019:
    1. Allianz Life
    2. Athene USA
    3. AIG
    4. Nationwide
    5. Jackson National Life
    6. American Equity Companies
    7. Lincoln National Life
    8. Global Atlantic Financial Group
    9. Pacific Life Companies
    10. Great American Insurance Group

     

    AVERAGE COMMISSION:
    The indexed annuity commission received by the agent averaged 5.62% of premium for the third quarter of 2019; a trend that is down from the prior quarter.

     

    LEADERS BY CHANNEL:
    Bank- AIG
    Career- Massachusetts Mutual Life Companies
    Direct Response- N/A
    Independent Agent- Athene USA
    Independent Broker Dealer- Allianz Life
    National Broker Dealer- Jackson National Life
    Registered Investment Advisor-Great American Insurance Group

     

     

    TOP SELLING PRODUCTS BY CHANNEL: 
    Overall- Allianz Life Allianz 222 Annuity
    Bank- Jackson National Life Market Protector 7 Year
    Career- C.M. Life Index Horizons
    Direct Response- N/A
    Fee-Based Overall- Jackson National Market Protector Advisory 7-Year
    Independent Agent- Allianz Life Allianz 222 Annuity
    Independent Broker Dealer- Allianz Life Allianz 222 Annuity
    National Broker Dealer- Jackson National Life Market Protector 5 Year
    Registered Investment Advisor- Great American Index Protector 7

     

     

    Fixed Annuity
    Sales for the third quarter of 2019 were $785 million, compared to sales of $909 million for the third quarter of 2018. Third quarter fixed annuity sales were down more than 20% when compared to the previous quarter, and down nearly 14% when compared with the same period last year.

     

    Total 3Q2019 fixed annuity sales were $785,105,378.

     

    THE TOP TEN FIXED ANNUITY CARRIERS FOR THE THIRD QUARTER OF 2019:
    1. Modern Woodmen of America
    2. Jackson National Life
    3. Global Atlantic Financial Group
    4. Great American Insurance Group
    5. OneAmerica
    6. EquiTrust
    7. Brighthouse Financial
    8. American National
    9. National Life Group
    10. Reliance Standard

     

    AVERAGE COMMISSION:
    The fixed annuity commission received by the agent averaged 4.50% of premium for the third quarter of 2019; up slightly when compared to last quarter.

     

    LEADERS BY CHANNEL:
    Bank- OneAmerica
    Career- Modern Woodmen of America
    Direct Response- Amica
    Independent Agent- Jackson National Life Group
    Independent Broker Dealer- Brighthouse Financial
    National Broker Dealer- Global Atlantic Financial Group
    Registered Investment Advisor- N/A

     

    TOP SELLING PRODUCTS BY CHANNEL:
    Overall- Forethought Life ForeCare Fixed Annuity
    Bank- State Life Annuity Care II
    Career- Kansas City Life Growth Track
    Direct Response- Amica Single Premium Deferred Annuity
    Independent Agent- EquiTrust ChoiceFour with Liquidity Rider
    Independent Broker Dealer- Forethought Life ForeCare Fixed Annuity
    National Broker Dealer- Forethought Life ForeCare Fixed Annuity
    Registered Investment Advisor- N/A

     

     

    Multi-Year Guaranteed Annuity
    Sales for the third quarter of 2019 were $9,747 million, compared with sales of $11,215 million for the third quarter of 2018. Third quarter MYGA sales were nearly 22% when compared to the previous quarter, and down more than 13% when compared to the same period last year.

     

    Total 3Q2019 MYGA sales were $9,747,351,600.

     

    THE TOP TEN MYGA CARRIERS FOR THE THIRD QUARTER OF 2019:
    1. AIG
    2. New York Life
    3. Global Atlantic Financial Group
    4. Jackson National Life
    5. Delaware Life
    6. Massachusetts Mutual Life Companies
    7. Western-Southern Life Assurance Company
    8. Athene USA
    9. Great American Insurance Group
    10. Equitable Life & Casualty

     

    AVERAGE COMMISSION:
    The multi-year guaranteed annuity commission received by the agent averaged 2.47% of premium for the third quarter of 2019; an increase from last quarter.

     

    LEADERS BY CHANNEL:
    Bank- Global Atlantic Financial Group
    Career- New York Life
    Direct Response- N/A
    Independent Agent- Equitable Life & Casualty
    Independent Broker Dealer- Jackson National Life
    National Broker Dealer- New York Life
    Registered Investment Advisor- N/A

     

    TOP SELLING PRODUCTS BY CHANNEL:
    Overall- Jackson National Life JACKSON RateProtector 3-Yr
    Bank- Forethought Life SecureFore 5 Fixed Annuity
    Career- Thrivent Financial Security One
    Direct Response- N/A
    Independent Agent- Equitable Life & Casualty Secure Savings 5
    Independent Broker Dealer- Jackson National Life JACKSON RateProtector 3-Yr
    National Broker Dealer- Western-Southern Life SmartSelect 3-Year
    Registered Investment Advisor- N/A

     

     

    Structured Annuity

    Sales for the third quarter of 2019 were $4,794 million compared with sales of $2,983 million for the third quarter of 2018. Third quarter structured sales were up nearly 16% when compared to the previous quarter, and up nearly 61% when compared to the same period last year.

    Total 3Q2019 structured annuity sales were $4,794,718,479.

     

    THE TOP STRUCTURED ANNUITY CARRIER FOR THE THIRD QUARTER OF 2019:
    AXA US

     

    LEADERS BY CHANNEL:
    Bank- AXA US
    Career- AXA US
    Direct Response- N/A
    Independent Broker Dealer- Allianz Life
    National Broker Dealer- Allianz Life
    Registered Investment Advisor- N/A

     

    TOP SELLING PRODUCTS BY CHANNEL: 
    Overall- Brighthouse Life Shield Level Select 6-Year
    Bank- Brighthouse Life Shield Level Select 6-Year
    Career- AXA Equitable Structured Capital Strategies Plus
    Direct Response- N/A
    Independent Broker Dealer- Brighthouse Life Shield Level Select 6-Year
    National Broker Dealer- Allianz Life Allianz Index Advantage Income
    Registered Investment Advisor- N/A

     

     

    Variable Annuity

    Sales for the third quarter of 2019 were $21,201 million. Third quarter variable sales were up 1% when compared to the previous quarter; given that this is the third quarter that Wink has collected data on sales of variable annuities, additional comparisons will be available in future quarters.

    Total 3Q2019 variable annuity sales were $21,201,123,078.

     

    THE TOP TEN Variable CARRIERS FOR THE THIRD QUARTER OF 2019:
    1. Jackson National Life
    2. Prudential
    3. Lincoln National Life
    4. AXA US
    5. Nationwide
    6. RiverSource Life
    7. New York Life
    8. Transamerica
    9. AIG
    10. Pacific Life Companies

     

    LEADERS BY CHANNEL:
    Bank- Jackson National Life
    Career- RiverSource Life
    Direct Response- Fidelity Investments
    Independent Broker Dealer- Jackson National Life
    National Broker Dealer- Jackson National Life
    Registered Investment Advisor- Transamerica

     

    TOP SELLING PRODUCTS BY CHANNEL: 
    Overall- Jackson National Perspective II Flexible Premium Variable & Fixed Deferred Annuity
    Bank- Jackson National Perspective II Flexible Premium Variable & Fixed Deferred Annuity
    Career- RiverSource Life RAVA5 Advantage Variable Annuity 10-Year
    Direct Response- Fidelity Fidelity Personal Retirement Annuity
    Fee-Based Overall- Jackson National Perspective Advisory II Flexible Premium Variable & Fixed Deferred Annuity
    Independent Broker Dealer- Jackson National Perspective II Flexible Premium Variable & Fixed Deferred Annuity
    National Broker Dealer- Jackson National Perspective II Flexible Premium Variable & Fixed Deferred Annuity
    Registered Investment Advisor- Ameritas No Load Variable Annuity

     

    Wink anticipates compiling the fourth quarter, 2019’s sales with a release date of March 2020.

     

    Categories: Sheryl's Blogs
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