Categorized Directory

Main Menu

  • Home
  • Search directory
  • Web crawlers
  • Collect data
  • Indexation
  • Bankroll

Categorized Directory

Header Banner

Categorized Directory

  • Home
  • Search directory
  • Web crawlers
  • Collect data
  • Indexation
  • Bankroll
Indexation
Home›Indexation›Fixed and variable annuity sales increase 6% in new second quarter data

Fixed and variable annuity sales increase 6% in new second quarter data

By Ed Robertson
November 5, 2021
0
0

Fixed and variable annuity sales were $ 60 billion in the second quarter of 2021, up 6% from sales of $ 56.7 billion in the first quarter of 2021, according to the Insured Retirement Institute (IRI) , which today announced final market data for the second quarter of 2021 for the United States. annuity industry based on data reported by Beacon Annuity Solutions and Morningstar, Inc.

Total fixed annuity sales rose 12.1% to $ 30.8 billion, driven by strong gains in traditional fixed and fixed indexed annuities, from $ 27.5 billion in the first quarter of 2021. Sales of variable annuities were almost flat, increasing 0.2% to $ 29.23 billion from $ 29.17. billion in the first quarter.

Sales of fixed book-value annuities were responsible for the lion’s share of gains in the fixed category, rising 32% to $ 7 billion, while sales of market-adjusted annuities fell 9.7% to $ 6.7 billion. Sales of fixed indexed annuities were significantly higher, increasing 15.8% to $ 15.4 billion, and sales of income annuities were up 17% from first quarter levels, reaching 1.00%. $ 8 billion for the second quarter.

Sales of variable annuities other than registered indexed annuities (RILA, which are structured variable products that use index options to provide both upside potential and downside protection) fell 4.8% to $ 19 billion compared to first quarter sales of $ 20 billion, while RILA increased 11.2% to $ 10.2 billion from $ 9.2 billion in the first quarter of 2021.

In the fixed market, $ 15.6 billion in sales were for qualifying plans and $ 15.2 billion was ineligible. Variable annuities posted $ 17.9 billion in qualifying sales and $ 11.3 billion in non-qualifying sales.

According to Morningstar, variable annuity net assets fell 1.2% to end the second quarter at $ 2,079.8 billion from $ 2,104.1 billion in the first quarter. Equity funds, the second largest asset class, rose 2.4% from the first quarter, but 24.5% more than in the second quarter of 2020, reflecting the strong recovery in the equity market. actions after COVID-induced drop last year.

Net asset flows in variable annuities were – $ 18.5 billion in the second quarter, an improvement over the previous two quarters when net asset flows were – $ 24 billion to – $ 25 billion .


Source link

Related posts:

  1. Circular debt – myth and reality
  2. USS and UK accused of failing to respond clearly to defined benefit reduction proposals
  3. Electric vehicle company Rivian could ask for a valuation of $ 70 billion when it goes public – Bloomberg News
  4. The repayment rate of the 1st tranche of sovereign bonds on gold is 80% higher than the issue price

Categories

  • Bankroll
  • Collect data
  • Indexation
  • Search directory
  • Web crawlers

Recent Posts

  • Live-Action TV Spider-Mans Who Didn’t Appear in No Way Home
  • Bennet bill would create federal definition of school shooting, direct incident data collection
  • The 10 Most In-Demand Entry-Level Remote Jobs Landing Right Now
  • Face-Scanner Clearview accepts the limits of the legal settlement | Economic news
  • Ex-minister embroiled in Hellenic row over staff cuts

Archives

  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • Privacy Policy
  • Terms and Conditions