Posted by (American Life Insurance Guide 12/06/2021 News)Wink, the American annuity insurance data reporting agency, recently released the third quarter of 2021 in the United States.Annuity insuranceProduct sales report, the following is fromAmerican Life Insurance Guide©️Compiled list.
2021Q3 Annuity Insurance Product Total Sales Ranking
According to the release of LifeTank©️"Comparison of prices and advantages and disadvantages of American annuity insurance product types (2021 version)"Provided annuity insurance type classification, except for "current income annuity" all American annuity insurance products, in the Q2021 quarter of 3Total premiums are 598 billion U.S. dollars, A decrease of 7.1% compared with the previous quarter and an increase of 10.4% compared with the same period last year.
The following figure shows the overall market share of the annuity insurance types participating in the ranking:
The types of annuity insurance participating in the statistics include:
- Securities Annuity (Variable Annuity). 36%
- Indexed Annuity. 29%
- Multi-Year Guaranteed Interest Rate Annuity (MYGA/Multi-Year Annuity). 19.2%
- Structured Annuity. 15.2%
- Traditional Fixed Income Annuity (Fixed Annuity). 0.6%
1. Ranking of securities annuity insurance companies
Security annuity(What is Variable Annuity?) In the third quarter of 2021Total premiums are US$215 billion, A decrease of 6.5% from the previous quarter and an increase of nearly 26.5% compared with the same period last year.
Jackson National Life ranked first in terms of sales volume in the securities annuity insurance market, with a market share of 21.9%. Nation-wideRanked second, Equitable,Lincoln National Life和Pacific LifeThey are among the top five in the market.
Top 5 securitized annuity insurance companies (2021Q3)
#1 Jackson National / Jackson National Life Insurance
#2 Nationwide / National Life Insurance
#3 Equitable Financial / Fair Life Insurance
#4 Lincoln National Life / Lincoln Life Insurance
#5 Pacific Life / Taiping Life Insurance
The best-selling security annuity insurance product
🏆Jackson National Life – Jackson National Perspective II
Perspective II, a securities annuity product issued by Jackson National Life, has ranked first for 11 consecutive quarters.
2. Ranking of Index Annuity Insurance Companies
Indexed Annuity in the third quarter of 2021The total premiums are US$173 billion,This represents an increase of 4.0% from the previous quarter and an increase of nearly 25.6% compared to the same period last year.
In terms of market share of insurance brands, Allianz is ranked first in the index annuity insurance market with a market share of 13.3%. Athene USA andAIG American International GroupRanked 2th and 3th respectively.
Top 5 Index Annuity Insurance Companies (2021Q3)
#1 Allianz / Allianz Life Insurance
#2 Athene USA
#3 AIG / American International Group
#4 Fidelity & Guaranty Life / F&G Life Insurance
#5 Sammons Financial
The best-selling exponential annuity insurance product
🏆Allianz Life Insurance – Allianz Benefit Control Annuity
By Allianz (Allianz Life Insurance) Issued Allianz Benefit Control pension(Product Evaluation), ranked first for the fourth consecutive quarter.
3. Ranking of multi-year guaranteed interest rate annuity insurance companies
Multi-Year Guaranteed Interest Rate Annuity (MYGA/Multi-Year Annuity) in the third quarter of 2021The total premiums are US$115 billion,This is a decrease of 20.2% compared with the previous quarter and a decrease of nearly 30.8% compared with the same period last year.This type of annuity provides policyholders with a fixed interest rate and is guaranteed for one year to more than many years.
MassMutual's sales volume in this market area ranks first, with a market share of 17.5%.New York Life, Global Atlantic Financial, American International Group (AIG) and Symetra Financial each rank among the top five in the market.
Top 5 Insurance Companies by Sales Volume in MYGA Annuity Market (2021Q1)
#1 MassMutual / Wantong Mutual Life
#2 New York Life / New York Life
#3 Global Atlantic Financial Group / Global Atlantic Finance
#4 AIG / American International Group
#5 Symetra Financial
Best selling fixed income annuity insurance products
🏆MassMutual – Stable Voyage 3-Year
4. Ranking of combined annuity insurance companies
Structured Annuity in the third quarter of 2021The total premiums are US$91 billion,This is a decrease of 7.5% from the previous quarter and an increase of nearly 45.8% compared to the same period last year.
Equitable is ranked first in the combined annuity insurance market, with a brand market share of 20.9%.Close behind is Allianz.
Top 5 combined annuity insurance companies (2021Q3)
#1 Equitable / Fair Life Insurance
#2 Allianz / Allianz Life Insurance
#3 Brighthouse Financial / Brighthouse Life Insurance
#4 Prudential / Prudential Life Insurance
#5 Lincoln National Life / Lincoln Life Insurance
The best-selling combined annuity insurance product
🏆Prudential – FlexGuard Annuity
Prudential's FlexGuard Annuity combined annuity insurance product is the sales ranking champion in the third quarter of 2021.
5. Ranking of traditional fixed income annuity insurance companies
Fixed income annuity (Fixed Annuity) overall market share is less than 1%,The total premiums in Q3 are USD 3.6 million.
Fixed-income interest rate annuities will give policyholders a fixed-yield interest rate, usually only guaranteed for one year.
(End of the article)
(>>>Extended reading:Data｜2020Q4 U.S. Index Life Insurance Company and Insurance Product Market Ranking Top 5 ）
(>>>Related reading: Data｜2021Q1 U.S. Best-selling Life Insurance Product Ranking List Top 5 ）
(>>>Recommended reading:Data｜Top 2021 best-selling annuity insurance brands in the United States in 4Q5 ）
appendix
*"WINK, INC. RELEASES 3RD QUARTER, 2021 DEFERRED ANNUITY SALES RESULTS", 11/30/2021, Wink, https://www.winkintel.com/2021/11/3q21annuitysalesresults/
