Variable annuity sales in the United States decreased 24% for the three month period ending June 30.
Total variable annuity sales for the second quarter were $31.9 billion, a 24% decrease from $42.2 billion during the same period in 2008.
AIG and Hartford Financial Services Group were especially hard-hit with sales decreasing more than 50%.
In contrast, sales at MetLife rose 27% to $4.5 billion, making the company the leading provider of variable annuities in the U.S.
Source: Bloomberg
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