Annuity sales are down for the quarter, but up from this time last year!

August 24, 2023 by Sheryl J. Moore

Annuity sales are down for the quarter, but up from this time last year!

LINE OF BUSINESS SALES % Chng Qtr / % Chang YTD

All Deferred Annuities $79.74B -5.90% / 9.63%

>Non-Variable Deferred Annuities $56.13B -10.78% / 21.32%

>>Indexed Annuities $25.16B 11.33% / 28.36%

>>Fixed Annuities $503.31M 31.43% / 3.85%

>>MYG Annuities $30.46B -23.70% / 16.37%

>Variable Deferred Annuities $23.60B 8.15% / -10.80%

>>Structured Annuities $10.81B 11.86% / 2.77%

>>Variable Annuities $12.78B 5.15% / -19.80%

-sjm