The Top-10 Shuffle In The Fixed Annuity Market

Fixed annuity sales dipped 6 percent to $1.1 billion in the first quarter over the year-ago period, market researcher Wink's Sales & Market Report announced this week.

Fixed annuity sales rose 6 percent over the fourth quarter, Wink’s said.

Here is a rundown of the the top 10 fixed annuity sellers and where they finished in the first quarter.

The Top 10 Fixed Annuity Carriers 1Q 2017:

1. Jackson National Life
2. Modern Woodmen of America
3. Great American Insurance Group
4. Reliance Standard
5. Global Atlantic Financial Group
6. EquiTrust
7. Brighthouse Financial
8. American National
9. Protective Life
10. Western-Southern Life

Average Commission 1Q 2017:

The average agent commission was 3.00 percent.

Top 10 Fixed Annuity Carriers for 1Q 2016:

1. Jackson National
2. Reliance Standard
3. Great American Insurance Group
4. American National
5. Global Atlantic Financial Group
6. AIG
7. Genworth Financial
8. American Equity Companies
9. Western United Life
10. National Life Group

Leaders By Channel 1Q 2017:

Bank: Great American Insurance Group
Career: Foresters Financial
Independent Agent: Jackson National
Independent Broker/Dealer: Brighthouse Financial
National Broker/Dealer: Global Atlantic Financial Group

Leaders By Channel 1Q 2016:

Bank: Reliance Standard
Career: Thrivent Financial
Independent Agent: American National
Independent Broker/Dealer: Security Benefit Life
National Broker/Dealer: Global Atlantic Financial Group

Top Selling Products By Channel 1Q 2017:

Overall: Forethought Life ForeCare Fixed Annuity
Bank: Great American American Freedom Aspire 5
Career: The Independent Order of Foresters First Advantage
Independent Agent: EquiTrust ChoiceFour
Independent Broker/Dealer: Forethought Life ForeCare Fixed Annuity
National Broker/Dealer: Forethought Life ForeCare Fixed Annuity

Top Selling Products By Channel 1Q 2016:

Overall: Reliance Standard Life Apollo-MVA
Bank: Great American American Freedom Aspire 7
Career: New York Life Flex Premium Fixed Annuity
Independent Agent: Jackson National MAX One XL
Independent Broker/Dealer: Security Benefit Life Total Interest Annuity
National Broker/Dealer: Forethought Life ForeCare Fixed Annuity

InsuranceNewsNet Senior Writer Cyril Tuohy has covered the financial services industry for more than 15 years. Cyril may be reached at [email protected].

© Entire contents copyright 2017 by InsuranceNewsNet.com Inc. All rights reserved. No part of this article may be reprinted without the expressed written consent from InsuranceNewsNet.com.

Cyril Tuohy is a writer based in Pennsylvania. He has covered the financial services industry for more than 15 years. He can be reached at [email protected].