MetLife's leading position in the U.S. annuity industry is only getting stronger.
The company is benefitting from financial crisis-related flight to quality. In other words, financial advisors and customers who are concerned about credit risk are migrating to a handful of the strongest insurers.
MetLife expects variable annuity sales to exceed $15 billion in 2009--exceeding pre-financial crisis revenue levels in 2007.
The company has also seen an increase in fixed annuity business.
Source: Reuters
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