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Second-quarter 2013 sales results for the U.S. annuity industry, based on data reported by Morningstar, Inc. and Beacon Research, reveal a 9.9% increase to nearly $54.5 billion from $49.6 billion for the previous quarter.
Year-over-year, however, that sales number is down 1.4% from $55.3 billion in the second quarter of 2012.
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