27 Percent Year Over Year Decline in Annuity Sales

U.S. annuity sales declined 27 percent during the first quarter of 2010.

Combined sales of variable and fixed annuities during the first three months of 2010 were $47.4 billion.  This compares to $64.4 billion during the first quarter of 2009.

Fixed annuity sales declined 15 percent to $16 billion.

Sales of variable annuities increased 3 percent to $31.4 billion.

Source: Wall Street Journal

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