American Equity annuity sales high, as are surrenders, in a dicey 4Q
February 22, 2023 by John Hilton
In an environment where annuities are smashing sales records, American Equity focused on repricing discipline, executives said, which held sales down during the fourth quarter.
A leading seller of fixed indexed annuities, American Equity reported fourth-quarter sales of $900 million, of which 87%, or $783 million, were in fixed index annuities. FIA sales were down on a year-over-year basis, but up 7.3% compared to third quarter.
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Originally Posted at InsuranceNewsNet on February 20, 2023 by John Hilton.
Categories: Industry Articles