Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Annuities > Variable Annuities

NAVA Reports First Quarter VA Data

X
Your article was successfully shared with the contacts you provided.

Total U.S. variable annuity sales increased to $42 billion in the first quarter, up 1.7% from the total for the first quarter of 2007.

Researchers at NAVA, Reston, Va., reported those figures in its latest review of VA results.

The net inflow of cash into U.S. VA contracts increased 12%, to $7.2 billion.

Despite the increase in total sales and net cash inflow, the combined assets of U.S. variable annuities fell 0.5%, to $1.4 trillion.

The percentage of VA assets invested in equity options fell to 56% of assets, down from 60%, while the percentage in fixed options held steady at 19%.

The percentage of assets invested in balanced, bond and money market options rose to 25%, from 21%.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.