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Variable annuities set pace for 16% overall rise in annuity sales
Annuity sales increased 16% in the first quarter, reaching $60 billion, with variable annuity sales leading the way with a 24% increase in sales over the same period last year. Fixed annuities showed a...
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The Hartford annuity growth pegged on structured settlement return
The Hartford hopes to expand its annuity business by re-entering the structured settlement annuity market. “Building our annuity business is an important part of our wealth management strategy, and we...
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Fixed-annuity sales keep growing, in spite of interest rate concerns
Fixed-annuity sales rose in the second quarter, marking the second straight quarter of growth and overcoming falling interest rates. Sales were up 8% from the first quarter, reaching $20.4 billion,...
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Annuity sales ‘robust,’ sparked by 28% rise in variable annuity sales
Annuity sales in 2011 grew 7.7%, fueled in large part by a 28% increase in net variable-annuity sales during the year. Cathy Weatherford The increase in variable-annuity sales, to $27.7 billion was the...
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The Hartford dropping annuities, to focus on property-casualty sales
The Hartford is giving up on individual annuities, saying it will run-off its individual annuity business and either sell or seek other alternatives for its individual life, financial services and...
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Annuities ‘savings vehicle of choice’ despite first-quarter sales drop
First-quarter annuity sales reached $53.1 billion, down 2.5% from the previous quarter because of decreases in variable annuity and fixed annuity sales, a new report indicates. Cathy Weatherford...
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First-quarter 2014 annuity sales increase over Q1 in 2013
Industry-wide annuity sales during the first quarter of 2014 reached $56.1 billion, up 13.1% compared with the first quarter of 2013 when sales totaled $49.6 billion. The findings were announced by the...
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