Filed Under:Annuities, Variable

Morningstar: Variable Annuity Sales Up 12% in 2011

Photo credit: Federico Stevanin
Photo credit: Federico Stevanin

Despite ongoing consolidation in the variable annuity industry, sales of new VAs in 2011 rose over 2010 levels, reports Morningstar.

Based on numbers from Q4 2011, the most recent statistics available, new variable annuity sales totaled $153.4 billion last year, or 12.3% above the $136.6 billion in new VA sales booked in 2010.

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Nichole Morford

Nichole Morford
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