05.04.23

U.S. Annuity Sales on Track for Another Record-Breaking Quarter

by: Gregg Greenberg

Limra data show that total first-quarter annuity sales were $92.9 billion, a 47% increase over the same quarter last year and the highest quarterly sales ever recorded. Todd Giesing, assistant vice president at Limra Annuity Research, said market conditions continue to drive investor demand for annuities, with every major fixed annuity product line experiencing at least double-digit growth year-over-year.

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