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NEWS WIRES

Carriers Reshuffle Top Deck In Sales

Fixed annuities carriers shuffled the top slots in sales during the third quarter, according to the Beacon Research Fixed Annuity Premium Study. Allianz moved up a notch to become the quarter's sales leader, replacing New York Life, which came in third. Aviva advanced to second from third place. American Equity moved up a notch to come in fourth. Lincoln Financial Group rejoined the top five, in fifth place. Total fixed annuity sales for the quarter were approximately $19.5 billion, remaining relatively flat quarter-to-quarter with a 0.3 percent increase and dropping 12 percent year-to-year. Fixed annuity year-todate sales totaled $55.4 billion, dropping 35 percent below that of 2009, which was the strongest three-quarter period in the eight-year history of the study, according to the Beacon data.


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