Annuity sales popped in the second quarter, Wink, Inc. reports, to nearly $115 billion – up 16.9% over Q1 and up 6.3% over the year-ago quarter.
Wink’s Sales & Market Report included 139 companies and included a shakeup at the top. Athene Annuity and Life Co. had been atop all annuity sales lists for several years and held 9.7% market share in Wink’s first-quarter report.
New York Life ranked as the No. 1 carrier overall for Q2 annuity sales, with a market share of 7.5%, Wink reported. Massachusetts Mutual Life Co. came in second place, while Athene, Corebridge Financial, and Equitable Financial completed the top five carriers in the market, respectively.
All annuities include the multi-year guaranteed annuity, traditional fixed annuity, indexed annuity, structured annuity, variable annuity, immediate income, and deferred income annuity product lines.