Variable Annuity Assets Increase Despite Decrease in Sales

Assets in variable annuities in the United States increased at a relatively strong pace in the three month period ending June 30, 2009.

Assets increased to $1.19 trillion from $1.07 trillion.

Much of the increase in assets appears to be attributable to the recovery in capital markets rather than strong sales of new products.

MetLife was in the top spot followed by Prudential.

Source: Bloomberg

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