The three major insurance carriers in the US continue to capitalise on demand for indexed annuities, while Limra's latest report shows highest first quarter sales results since 1980s.
Total US annuity sales were US$106.7 billion in the first quarter of 2024, 13% above prior year results, according to results from Limra’s U.S. Individual Annuity Sales Survey released today (22 May), which represents 92% of the total US annuity market. Growth was widespread with 61% of FIA carriers and eight of the top 10 carriers reporting sales growth - Bryan Hodgens, Limra Fixed indexed annuity (FIA) sales had a record first quarter. FIA sales totaled US$28.6 billion, up 24% from t
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