Fixed indexed annuity sales in Q2 were $20 billion, 14% higher than prior year results, according LIMRA. Annuity sales were up sharply again across the board, continuing a sales rebound that began with the defeat of the DOL’s Fiduciary Rule early in 2018. “This quarter’s FIA sales total represents the highest quarterly sales for FIAs ever,” LIMRA said. “Despite declining interest rates, we are forecasting the current momentum of FIA sales to continue through the end of the year, and expect sales of FIAs to exceed $70 billion for 2019.” In the first six months of 2019, FIA sales were $38 billion, an increase of 18%, compared with the first six months of 2018. Total annuity sales were $63.9 billion in Q2, up 7% compared to 2018. This is the highest quarterly sales recorded since Q1 2009, and the third consecutive quarter where total annuity sales surpassed $60 billion. Year-to-date, total annuity sales were $124.8 billion, an increase 11%, compared to the first half of 2018.
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