The combined sales of fixed index annuities (FIAs) and registered index linked annuities (Rilas) have reached US$143 billion in 2023.

In 2023, fixed index annuities (FIA) sales totalled US$95.9 billion, up 20% from the prior year. In the fourth quarter, FIA sales were US$24.9 billion, a 12% increase year-over-year (YoY), according to the US Individual Annuities Sales Survey released by Limra today (12 March). Rising interest rates helped increase demand for clients looking to protect their principal investment from equity market volatility while benefiting from higher crediting rates - Bryan Hodgens ‘FIA sales by ind