Annuity insurance company rankings of United States in 2021

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2021 US annuity insurance company rankings|best-selling annuity insurance products list announced

Wink, a US insurance data analysis agency based in Iowa, released the annuity market sales report for the first quarter of 2021. 

This annuity insurance serves as a reference for ensuring financial management.

Total Quarterly Sales of Annuity Insurance

According to Lifetank’s release ©️ Comparison of prices and advantages and disadvantages of American annuity insurance product types (2021 edition).

By category of “annuity”, total sales of all annuity insurance except “current income annuities” were US$581 billion in the first quarter, an increase of 3.2% over the previous quarter and an increase of 10.3% over the same period last year. 

The types of annuity insurance that participate in the statistics include:

  • Securities Annuity (Variable Annuity). – up to 36%. 
  • Structured Annuity up to 15%.
  • Indexed annuity up to 24%. 
  • Traditional fixed income annuity (fixed annuity) up to 8%.
  • Multi-Year Guaranteed Interest Rate Annuity (MYGA/Multi-Year Annuity) upto 22%. 

Editor’s Note: Under the name of one life insurance company, specific annuity insurance products of different types and uses will be released at the same time. Ranking the market share of US annuity insurance companies, according to the total sales data of all products Has been.

XNUMX. Sales Volume Ranking of Insurance Companies in the Securities Annuity Market

Security annuities (variable annuities) include securities annuities and portfolio annuities in two major categories, with total sales of US$300 billion in the first quarter of 2021, an increase of over 9% over the previous quarter and compared to the same period last year an increase of about 18%.

Annual

Jackson National Life ranks first in the sales of the securitized annuity insurance market with a market share of 15.5%. Equitable Financial ranks second, Lincoln National Life nationwide and Brighthouse Financial is 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

Best Selling Protection Annuity Insurance Products

“Jackson National Life –Jackson National Perspective II”

The Perspective II annuity product released by Jackson National Life ranked first in total sales across all channels for nine consecutive quarters. joint annuity market sales

Structured annuity sales in the securitized annuity market are $90 billion. Ranking the first quarter of 2021, Equitable Financial is the overall 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 given the place.

Annutiy sale by quarter

Best Selling Joint Annuity Insurance Products

Prudential – FlexGuard Annuity

Prudential’s FlexGuard annuity joint annuity insurance product has become the No. 2 joint annuity product in sales for the second quarter in a row.

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XNUMX. Sales Ranking of Insurance Companies in the Exponential Annuity Market. 

Index annuity insurance sales were US$144 billion in 2021Q1, a decrease of 4.4% from the previous quarter and a decrease of 12.2% year-on-year.

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In terms of market share, Athene USA ranks first in the index annuity insurance market with 11.6% market share. AIG American International Group Allianz Life ranked 2nd and 3rd respectively.

Top 1 Insurance Companies by Sales Volume in the Index Annuity Market (5Q2021)

  1. Ethyne USA
  2. AIG
  3. Allianz
  4. Fidelity and Guaranteed Life
  5. Sammons Financial

Best Selling Exponential Annuity Insurance Products

Allianz Benefit Control Annuity (Product Valuation), issued by Allianz (Allianz Life Insurance), ranks first in total sales across channels for the second consecutive quarter.

XNUMX.Sales Ranking of Insurance Companies in the Fixed Rate Annuity Market

Fixed income annuity sales were US$4.77 million in the first quarter;Sales increased by 0.6% compared to the previous quarter and decreased by 31.0% compared to the same period last year.

Fixed-income interest rate annuities will pay policyholders a fixed-yield interest rate, usually only guaranteed for one year.

anual

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 in the top five in the market.

Top 1 Insurance Companies by Sales Volume in Fixed Income Annuity Market (5Q2021)

  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 – FourCare Fixed Annuity

XNUMX. Sales Ranking of Insurance Companies in the Multi-Year Guaranteed Interest Rate Annuity Market

In the first quarter, multi-year guaranteed annuity (MYGA) sales were US$132 billion; A decrease of 0.1% from the previous quarter and an increase of 32.4% year-on-year.

This type of annuity offers a fixed interest rate to the policyholders and is guaranteed from one year to several years.

New York Life ranks first in this market in terms of sales with a market share of 19.0%. American Equities ranks second, and Global Atlantic Financial Group, Symetra Financial and AIG are 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