LIMRA: U.S. Pension Risk Transfer Sales Jump 14% in First Half of 2024
September 06, 2024
September 06, 2024
WINDSOR, Connecticut, Sept. 6 (TNSres) -- LIMRA issued the following news release:
Total U.S. pension risk transfer (PRT) premium was $26 billion in the first half of 2024, 14% higher than prior year results, according to LIMRA's U.S. Group Annuity Risk Transfer Sales Survey.
In the second quarter, total PRT premium fell 31% year over year to $11.3 billion.
"Last year's second quarter results were at near record levels. Although second quarter 2024 pre . . .
Total U.S. pension risk transfer (PRT) premium was $26 billion in the first half of 2024, 14% higher than prior year results, according to LIMRA's U.S. Group Annuity Risk Transfer Sales Survey.
In the second quarter, total PRT premium fell 31% year over year to $11.3 billion.
"Last year's second quarter results were at near record levels. Although second quarter 2024 pre . . .