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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