News | 06.23.21
Annuities Sales Increase Nearly 4 Percent in First Quarter
Sales of annuities increased by $56.7 billion in the first quarter, a 3.9 percent increase over fourth quarter 2020 sales, according to an Insured Retirement Institute (IRI) report. Overall variable annuities sales jumped to $29.2 billion in the first quarter from $27.0 billion in the fourth quarter of 2020. Total fixed annuity sales, however, were nearly flat, falling 0.1 percent to $27.49 billion compared to $27.52 billion in the fourth quarter of 2020.
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