| Individual Annuity Considerations, 2019-2023 (1) |
($ billions)
|
| |
|
|
Total |
Total |
| Year |
Variable |
Fixed |
Amount |
Percent change
from prior year |
| 2019 |
$101.9 |
$139.8 |
$241.7 |
3.4% |
| 2020 |
98.6 |
120.5 |
219.1 |
-9.4 |
| 2021 |
125.3 |
129.2 |
254.5 |
16.2 |
| 2022 |
102.9 |
209.9 |
312.8 |
22.9 |
| 2023 |
98.8 |
286.6 |
385.4 |
23.2 |
(1) Based on LIMRA's estimates of the total annuity sales market. Includes some considerations (i.e. premiums) that though bought in group settings involve individual buying decisions.
Source: U.S. Individual Annuities, 4th Quarter 2023, LIMRA, 2024. |
|