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LIMRA: U.S. Individual Annuity Sales to Exceed $300 Billion in 2024 and 2025

Favorable economic conditions, demographic shifts, and greater consumer demand for lifetime retirement income and investment protection have propelled annuity sales growth over the past two years. In 2022, annuity sales totaled a record high $313 billion. At the end of 2023, LIMRA is projecting sales to exceed $350 billion, largely based on strong fixed annuity sales.

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Catherine Theroux

Director, Public Relations

Work Phone: (860) 285-7787

Mobile Phone: (703) 447-3257

ctheroux@limra.com

Brooke Lacey

Senior Public Relations Specialist

Work Phone: (860) 298-3920

Mobile Phone: (413) 530-6184

blacey@limra.com

Bailey Reed

Public Relations/Social Media Specialist

Work Phone: (770) 984-3788

breed@loma.org

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