First Quarter 2011 Indexed Insurance Sales
May 17, 2011 by Sheryl J. Moore
Indexed Annuity
AnnuitySpecs.com’s Indexed Sales & Market Report, 1st Quarter 2011 shows first quarter 2011 indexed annuity sales were $7141 million compared with sales of $8374 million for the previous quarter. First quarter sales were down almost 15% when compared with the previous quarter and up nearly 5% when compared with the same period one year ago.
Total 1Q2011 indexed annuity sales were $7,141,411,481.
The top ten indexed annuity carriers for the first quarter:
1. Allianz Life
2. American Equity
3. Aviva
4. North American Company
5. ING
6. Lincoln National Life
7. Midland National Life
8. Jackson National Life
9. GAFRI
10. National Western Life
Average Commission
The average agent commission was 6.65%.
Leaders by Channel
Agency- Allianz Life
Bank- Lincoln National Life
Wirehouse- ING
Career- CNO Companies (formerly Conseco)
Indexed Life
Indexed life sales were $194 million compared with sales of $221 million for the previous quarter. First quarter sales were down almost 12% when compared with the previous quarter and up more than 36% when compared with the same period one year ago.
Total 1Q2011 indexed life sales were $194,784,169.
The top ten indexed life carriers for the first quarter:
1. Pacific Life Companies
2. Aviva
3. Minnesota Life
4. AXA Equitable
5. Penn Mutual
6. AEGON Companies
7. National Life Group (NLV/LSW)
8. National Western Life
9. Midland National Life
10. Allianz Life
Average Target Premium
The average target premium paid was $9,030.
Leaders by Channel
Agency- Pacific Life Companies
Bank- N/A
Wirehouse- N/A
Career- AXA Equitable