Filed Under:Annuities, Fixed Indexed

Total U.S. annuity sales hit $61.4 billion in second quarter

Total fixed annuity sales were $25.2 billion in the second quarter.
Total fixed annuity sales were $25.2 billion in the second quarter.

Total U.S. annuity sales reached $61.4 billion in second quarter, improving eight percent from prior year. In the first six months of 2014, total U.S. annuity sales increased 10 percent, compared with 2013. 

"This is only the second time we have seen quarterly sales over $60 billion since the third quarter of 2011," said Todd Giesing senior analyst, LIMRA Secure Retirement Institute Annuity Research. "Despite declining interest rates during the first six months of this year, fixed annuity sales continue to drive overall annuity sales growth."

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Nichole Morford

Nichole Morford
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