New Ranking of Indexed Annuity Sales Leaders Is Added
WINDSOR, Conn., March 16, 2016—LIMRA Secure Retirement Institute announces today the top 20 sales leaders for total, variable and fixed, as well as the top manufacturers of indexed annuities in 2015.
“Indexed annuities have broken sales records for the past seven years and now represent nearly a quarter of the total annuity market,” said Todd Giesing, assistant research director, LIMRA Secure Retirement Institute. “Indexed annuity sales growth in 2015 was driven by many companies, rather than just the top players. We believe indexed annuity sales will continue to grow and felt it was important to publicly release the sales leaders.”
Secure Retirement Institute has observed that a number of companies who have traditionally been strong in the variable annuity market are now increasing their attention on the indexed annuity market.
Indexed annuity sales totaled $16.1 billion in the fourth quarter, 32 percent higher than prior year. For the year, indexed sales reached a record-breaking $54.5 billion – an increase of 13 percent from 2014.
“We expect indexed annuity products will retain their current exemption status under the proposed DOL fiduciary rule, and that more companies will enter or increase their focus on this market. As a result, indexed annuity sales will see double-digit growth in 2016.” said Giesing.
To view the top 20 total, variable and fixed annuity sales rankings, please visit 2015 Year-end Annuity Rankings. To view the breakout of indexed and fixed-rate annuity sales rankings, please visit: 2015 Fixed Annuity Breakout Rankings. For more statistics, visit the Fact Tank.
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About LIMRA Secure Retirement Institute
LIMRA Secure Retirement Institute provides comprehensive, unbiased research and education about all aspects within the retirement industry to improve retirement readiness and promote retirement security. For more information, please visit www.secureretirementinstitute.com