X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Driven by record sales of variable annuities, individual U.S. annuity sales had a record year in 2006 reaching $236.2 billion, up 9% over 2005, according to LIMRA International, Windsor, Conn. For the fourth quarter of 2006, individual annuity sales were $58.9 billion, growing 9% compared to the same quarter in 2005. Variable annuity sales were up 17%in the fourth quarter to $41.3 billion and up 17% in 2006 reaching $160.6 billion. This is the sixth straight quarter in which variable annuity sales increased when compared to the same quarter from a year ago.

Fixed annuity sales were down 4% for the quarter declining to $17.6 billion. At $75.6 billion, fixed annuities are down 5% for 2006 compared with calendar year 2005. Indexed annuity sales fell 15% from the fourth quarter of 2005 with sales of $5.5 billion.

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.