Sales of indexed annuities fell slightly in the first quarter from the total for the first quarter of 2009, an annuity tracking service says.
Sales amounted to $6.8 billion in the first quarter, according to AnnuitySpecs.com, Des Moines, Iowa.
That figure is down 4% from $7.1 billion in the comparable period in 2009, the firm says. First-quarter sales were also 3% lower than in the fourth quarter of 2009.
Other first-quarter findings:
- The sales leader was Allianz Life, Minneapolis, which produced $1.4 billion in sales.
