Filed Under:Markets, Company News

The top 10 annuity sales leaders for Q1 2014

A single stat sums up the dramatic transition the annuity marketplace has seen in recent years: MetLife Inc., which ranked No. 1 in annuity sales for Q1 2012 and Q1 2013, has dropped to the No. 7 spot for the quarter ending March 31, 2014, following a 42 percent decline in sales year over year.

To be sure, this drop is not wholly unexpected, as new analysis from SNL Financial notes. MetLife has been forthcoming about its desire to limit exposure to the U.S. annuity market as it attempts to determine just how much risk it wants to assume going forward. At an investor day held in early June, CEO Steven Kandarian assured attendees that he was committed to staying in the annuity business, and that he anticipated business would begin to grow again in 2015.

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No. 1: Jackson National Life Group

Annuity considerations Q1 2014: $6.76 billion
Annuity considerations Q1 2013: $5.34 billion (ranked 3rd)
Change, Q1 2014 vs. Q1 2013: 26.54 %

No. 2: AEGON NV

Annuity considerations Q1 2014: $5.05 billion
Annuity considerations Q1 2013: $4.39 billion (ranked 4th)
Change, Q1 2014 vs. Q1 2013: 15.05%

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No. 4: Lincoln National Corp.

Annuity considerations Q1 2014: $4.24 billion
Annuity considerations Q1 2013: $4.12 billion (ranked 6th)
Change, Q1 2014 vs. Q1 2013: 3.01%

No. 5: Prudential Financial Inc.

Annuity considerations Q1 2014: $4.02 billion
Annuity considerations Q1 2013: $5.50 billion (ranked 2nd)
Change, Q1 2014 vs. Q1 2013: –27.03%

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No. 7: MetLife Inc.

Annuity considerations Q1 2014: $3.71 billion
Annuity considerations Q1 2013: $6.40 billion (ranked 1st)
Change, Q1 2014 vs. Q1 2013: -42.03%

No. 8: Voya Financial Inc.

Annuity considerations Q1 2014: $3.56 billion
Annuity considerations Q1 2013: $4.07 billion (ranked 7th)
Change, Q1 2014 vs. Q1 2013: -12.55%

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Nichole Morford

Nichole Morford
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