For the third straight day, the annuities sector reported positive second quarter numbers despite the falling interest rates. Beacon Research’s “Fixed Annuity Premium Study” announced today an eight percent quarter-to-quarter improvement, and a three percent year-to-year increase for the first half of 2011.
On Tuesday, LIMRA reported overall annuity industry sales from the first half of 2011, ending June 30, increased 19 percent compared to the same period in 2010. Yesterday, the Insured Retirement Institute posted similarly favorable numbers for the second quarter, reporting a 10-percent year-to-year sales increase and a four-percent quarter-to-quarter sales increase.
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