First quarter 2011 was kind to annuity providers, according to statistics from Beacon Research. According to its study, “Fixed Annuity Premium Study,” first-quarter 2011 fixed annuity sales posted their first month-to-month increase in two years, rising 6% to $18.9 billion. Book value annuities rose 12% to $8.6 billion; market value-adjusted products (MVAs) were up 7% to $1.4 billion; indexed annuity sales increased 0.2% to $7.1 billion; and income annuity results were rose 0.8% to $1.8 billion.
First-quarter results for the top five study participants were as follows (total fixed annuity sales in thousands):
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