12.16.24

Annuity Issuers Still Struggling To Protect Asset Share

by: Allison Bell

U.S. sales of annuities have been strong, but life insurers are just barely maintaining their share of retirement assets, according to the Securities Industry and Financial Markets Association. The amount of annuity reserves held by life insurers increased 8.9% between 2022 and 2023, to $4.2 trillion, but that was a little below the 9% growth rate for all retirement assets, SIFMA reports in a compilation of federal government asset data.

Read the full article on Think Advisor