LIMRA: Fixed Annuity Sales Double in First Quarter 2023, Driving Record Sales for the Fourth Consecutive Quarter
May 24, 2023
May 24, 2023
WINDSOR, Connecticut, May 24 (TNSres) -- LIMRA issued the following news release:
Total fixed annuity sales increased 101% to $70.9 billion in the first quarter 2023, compared with prior year results. Every major fixed annuity product line experienced at least double-digit growth, according to LIMRA's First Quarter 2023 Individual Annuity Sales Survey.
"There are several factors driving the record-level growth in the fixed annuity market," said Todd Giesing, a . . .
Total fixed annuity sales increased 101% to $70.9 billion in the first quarter 2023, compared with prior year results. Every major fixed annuity product line experienced at least double-digit growth, according to LIMRA's First Quarter 2023 Individual Annuity Sales Survey.
"There are several factors driving the record-level growth in the fixed annuity market," said Todd Giesing, a . . .