Posted by (American Life Insurance Guide 07/212021 News)Wink, an American insurance data analysis agency based in Iowa, released an annuity market sales report for the first quarter of 2021.As policyholders, we can learn from it,Which annuity insurance brands are the mainstream in the market and which types of annuity products are more popular in the market?So as to serve as a reference for insuring annuity insurance financial management.
Total quarterly sales of annuity insurance
According to the release of LifeTank©️"Comparison of prices and advantages and disadvantages of American annuity insurance product types (2021 version)"Provided by category of annuities, all annuity insurances except "current income annuities" had total sales of US$581 billion in the first quarter, an increase of 3.2% compared with the previous quarter and an increase of 10.3 compared with the same period last year %.
The following chart shows the market share of various types of annuities:
The types of annuity insurance participating in the statistics include:
- Securities Annuity (Variable Annuity). 36.1%
- Structured Annuity. 15.6%
- Indexed Annuity. 24.8%
- Traditional Fixed Income Annuity (Fixed Annuity). 0.8%
- Multi-Year Guaranteed Interest Rate Annuity (MYGA/Multi-Year Annuity). 22.7%
Editor's note: Under the name of a life insurance company, specific annuity insurance products of different types and uses will be issued at the same time.According to the overall sales figures of all products, the ranking of the market share of American annuity insurance companies is reported.
XNUMX. Sales volume ranking of insurance companies in the securities annuity market
Security Annuity(Variable Annuity) containsSecurities annuities and portfolio annuitiesIn the two categories, the total sales in the first quarter of 2021 was 300 billion U.S. dollars, an increase of more than 9% over the previous quarter and an increase of nearly 18% over the same period last year.
Jackson National Life ranked first in the sales of securitized annuity insurance market, with a market share of 15.5%. Equitable Financial ranked second,Lincoln National Life,Nation-wide And Brighthouse Financial are among the top five in the market.
Top 5 insurance companies by sales volume in the securitized annuity market (2021Q1)
#1 Jackson National
#2 Equitable Financial
#3 Lincoln National Life
#4 Nationwide
#5 Brighthouse Financial
The best-selling security annuity insurance product
🏆Jackson National Life – Jackson National Perspective II
The Perspective II annuity product issued by Jackson National Life has ranked first in total sales across all channels for 9 consecutive quarters.
Combined annuity market sales
Structured Annuity accounts for $90 billion in sales in the securitized annuity market.In the ranking of the first quarter of 2021, Equitable Financial is the total sales champion of the combined annuity market, with a market share of 19.3%.Prudential.Allianz.Lincoln And BrightHouse ranked the top five in the market.
The best-selling combined annuity insurance product
🏆Prudential – FlexGuard Annuity
Prudential's FlexGuard Annuity combined annuity insurance product has become the No. 2 combined annuity product in sales for the second consecutive quarter.
XNUMX. Sales ranking of insurance companies in the exponential annuity market
The sales of index annuity insurance in 2021Q1 were US$144 billion, a decrease of 4.4% month-on-month and 12.2% year-on-year.
In terms of market share, Athene USA ranks first in the index annuity insurance market, with a market share of 11.6%. AIG American International Group和Allianz LifeRanked 2nd and 3rd respectively.
Top 5 Insurance Companies by Sales Volume in Index Annuity Market (2021Q1)
#1 Athene USA
#2 AIG
#3 Allianz
#4 Fidelity & Guaranty Life
#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), ranking first in the total sales of all channels for the second consecutive quarter.
(>>>Recommended reading:Comparison｜Index annuity and fund annuity, which annuity insurance is better? (Version 2022)）
XNUMX. Sales ranking of insurance companies in the fixed-rate annuity market
The sales of fixed income annuities in the first quarter were $4.77 million; compared with the previous quarter, sales increased by 0.6% and decreased by 31.0% compared with the same period last year.
Fixed-income interest rate annuities will give policyholders a fixed-yield interest rate, usually only guaranteed for one year.
Modern Woodmen Life Insurance Company ranks first in sales in the fixed annuity market, with a market share of 21.7%. Global Atlantic Financial Group ranks second, while Jackson National Life, EquiTrust and Brighthouse Financial rank among the top five in the market.
Top 5 Insurance Companies by Sales Volume in the Fixed Income Annuity Market (2021Q1)
#1 Modern Woodmen
#2 Global Atlantic Financial Group
#3 Jackson National Life
#4 EquiTrust
#5 Brighthouse Financial
Best-selling fixed income annuity insurance products
🏆Forethought Life – ForeCare Fixed Annuity
XNUMX. Sales ranking of insurance companies in the multi-year guaranteed interest rate annuity market
In the first quarter, sales of multi-year guaranteed annuities (MYGA) were USD 132 billion; a decrease of 0.1% from the previous quarter and a year-on-year increase of 32.4%.This type of annuity provides policyholders with a fixed interest rate and is guaranteed for one year to more than many years.
New York Life ranked first in sales in this market, with a market share of 19.0%. American Equity ranked second, and Global Atlantic Financial Group, Symetra Financial and AIG were among the top five in the market.
Top 5 Insurance Companies by Sales Volume in MYGA Annuity Market (2021Q1)
#1 New York Life
#2 American Equity
#3 Global Atlantic Financial Group
#4 Symetra Financial
#5 AIG
Best-selling fixed income annuity insurance products
🏆Eagle Life – Eagle Guarantee Focus 3
(End of the article)
(>>> Further 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 ）
(>>>Related reading:Statistics｜Which American annuity insurance is the best-selling in 2021Q3?Ranking of American Annuity Insurance Companies )
(>>>Recommended reading:Data｜Top 2021 best-selling annuity insurance brands in the United States in 4Q5 ）
