Indexed annuity sales up 16 percent for quarter
Second-quarter sales of indexed annuities reached $8.2 billion, a nearly 16 percent increase from the previous quarter but down more than 1 percent from the year-ago period, according to a report by Pleasant Hill-based AnnuitySpecs.com. Thirty-nine indexed annuity carriers participated in the survey, representing 98 percent of indexed annuity sales. Allianz Life Insurance Company of North America maintained its position as the top indexed annuity seller, with a 21 percent market share. West Des Moines-based Aviva USA and American Equity Investment Life Insurance Co. were second and third in market share, respectively.
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