The new report includes figures from 55 fixed annuity providers, 59 indexed annuity providers, 78 multi-year guaranteed annuity (MYGA) contract providers, and 10 structured annuity providers.
Here's a look at how sales of some of the types of annuities Wink tracks changed, year-over-year.
- Indexed annuities: Up 25%
- Traditional fixed annuities: Down 8.2%
- Structured annuities: Up 60%
- MYGA contracts: Up 80%
A structured annuity is an indexed annuity that shields the holder against a limited amount of decrease in the value of an investment index, or collection of indexes, rather than guaranteeing a minimum rate of return.
A MYGA contract guarantees the user access to a specified, fixed rate of return over a period greater than one year.
Wink also started reporting variable annuity sales data this quarter but has no year-over-year comparison data. Participating issuers said they recorded about $19 billion in variable annuity sales in the first quarter.
Resources
A summary of Wink's latest annuity issuer survey results is available here.