IRI Issues Second-Quarter 2018 Annuity Sales Report
According to
"IRI has remained confident that annuities sales would rebound due to pent up demand for these solutions, which can provide both guaranteed lifetime income and principal protection to retirees and those saving for retirement," said IRI President and CEO
According to
"The fixed annuity market saw record percentage increases across the board in the second quarter," said
See table here (https://www.myirionline.org/newsroom/newsroom-detail-view/iri-issues-second-quarter-2018-annuity-sales-report).
According to Morningstar, variable annuity net assets rose 0.7 percent to
"While negative net flows continue to weigh on total net assets," said
See table here (https://www.myirionline.org/newsroom/newsroom-detail-view/iri-issues-second-quarter-2018-annuity-sales-report).
Footnotes:
*. Total Premium Sales, also called Total Premium Flows, represents the sum of new sales [all first-time buyers of a contract, including inter- and intra-company exchanges] and additional premiums from existing contract owners.
**. Morningstar estimates net sales based on a calculation methodology used across all investment universes for which Morningstar collects and publishes asset and performance data, including global open end mutual funds, separate accounts, and exchange traded funds.
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