Insurance Company

Total sales of fixed indexed annuities reached $8.3 billion during the second quarter of 2009. This represents an increase of 18.3% from the previous quarter and an increase of 21.2% from the same period a year ago. The sales momentum comes despite industry headwinds which include fewer insurance companies and fewer product offerings. Aviva was the top insurance company in the space with a 20% market share while the top selling indexed annuity product was the MasterDex X from Allianz . Source:...

Jackson National is the latest in a list of insurance companies to report strong earnings and annuity sales. Jackson National Life Insurance Company reported sales and deposits of $6.1 billion during the first six months of 2009. Variable annuity sales were $3.8 billion for the first two quarters. Fixed annuity sales were also strong at $1.9 billion. Source: Investment News Full Story