Record-breaking year for annuity sales driven by demand and economic conditions
- Annuity sales reached a record high in 2023
- Fixed annuity sales increased by 36% to $286.2 billion
- Growing demand for protected investment growth contributed to the surge
- Recession fears and interest rates played a role in the increase
Annuity sales in 2023 reached a record high, with fixed annuity sales experiencing a significant increase of 36% to $286.2 billion. This surge can be attributed to the growing demand for protected investment growth and favorable economic conditions. Recession fears and interest rates also played a role in driving the sales to new heights. The remarkable increase in annuity sales highlights the strong interest in fixed products and the desire for secure investment options in uncertain times.
Public Companies: Limra ()
Private Companies:
Key People: Bryan Hodgens (Head of Limra research)
Factuality Level: 7
Justification: The article provides specific data and quotes from a trade group, which suggests a level of factual accuracy. However, the article is very short and lacks in-depth analysis or additional sources to verify the information. It also includes a subscription prompt at the end, which is irrelevant to the content of the article.
Noise Level: 2
Justification: The article is very short and lacks substantial information. It only provides a brief statement about annuity sales in 2023 without any further analysis or evidence to support the claims. It also includes unrelated information about being a subscriber to Barron’s Advisor. Overall, the article contains mostly noise and filler content.
Financial Relevance: Yes
Financial Markets Impacted: Annuity market
Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to financial topics as it discusses annuity sales and their record year. However, there is no mention of any extreme events or their impact.
www.barrons.com 
