Variable annuities

The latest rankings of variable annuity issuers, by net assets and new sales

Feb 24, 2014 @ 5:14 pm

Variable annuities - Participating issuers, ranked by net assets

IssuerNet assets ($M)% change vs. 2012Market share% change vs. 2012Financial strength rating
TIAA-CREF*$421,088.16.8%23.6%-2.9%A++
MetLife$173,796.810.1%9.7%0.0%A+
Prudential Financial$142,848.811.5%8.0%1.3%A+
Jackson National$105,949.527.8%5.9%15.7%A+
Lincoln Financial Group$105,102.016.7%5.9%5.4%A+
Axa Equitable$101,488.510.9%5.7%1.8%A+
Sun America/VALIC$88,384.014.7%5.0%4.2%A
Ameriprise Financial$71,573.78.2%4.0%-2.4%A+
ING Group$69,152.83.9%3.9%-4.9%A
Hartford$61,466.6-7.8%3.4%-17.1%A-
AEGON/Transamerica$55,293.817.9%3.1%6.9%A+
Pacific Life$54,292.25.8%3.0%-6.3%A+
Nationwide$53,458.912.1%3.0%3.4%A+
John Hancock$51,703.9-0.6%2.9%-9.4%A+
Allianz Life$31,728.47.8%1.8%0.0%A
Fidelity Investments Life$23,235.013.6%1.3%0.0%A+
New York Life$22,980.914.7%1.3%8.3%A++
Thrivent Financial$22,432.120.3%1.3%8.3%A++
Ohio National$15,926.719.1%0.9%12.5%A+
Northwestern Mutual$15,259.314.8%0.8%0.0%A++
Massachusetts Mutual$13,474.09.7%0.8%0.0%A++
Protective$11,600.830.8%0.6%0.0%A+
Mutual of America$10,857.316.8%0.6%0.0%A+
Genworth Financial$10,368.2-2.2%0.6%0.0%A
Guardian$9,096.014.7%0.5%0.0%A++

Variable annuities - Participating issuers, ranked by new sales

IssuerNew sales ($M)% change vs. 2012Market share% change vs. 2012Financial strength rating
Jackson National$5,189.0-8.3%14.9%-5.7%A+
Lincoln Financial Group$3,544.251.7%10.2%56.9%A+
SunAmerica/VALIC$3,408.068.5%9.8%75.0%A
TIAA-CREF*$3,235.81.1%9.3%4.5%A++
MetLife$2,629.9-42.8%7.6%-40.6%A+
Prudential Financial$2,384.3-59.6%6.9%-57.9%A+
Axa Equitable$2,359.327.9%6.8%33.3%A+
AEGON/Transamerica$2,309.468.6%6.6%73.7%A+
Nationwide$1,435.773.6%4.1%78.3%A+
Ameriprise Financial$1,296.315.6%3.7%19.4%A+
Pacific Life$1,045.66.2%3.0%11.1%A+
Thrivent Financial$785.327.1%2.3%35.3%A++
New York Life$766.532.4%2.2%37.5%A++
Allianz Life$749.74.3%2.2%10.0%A
Ohio National$564.3-17.5%1.6%-15.8%A+
Northwestern Mutual$384.916.5%1.1%22.2%A++
ING Group$376.7-6.1%1.1%0.0%A
Fidelity Investments Life$374.3-13.8%1.1%-8.3%A+
Protective$353.9-58.6%1.0%-58.3%A+
Minnesota Life$238.8116.5%0.7%133.3%A+
Forethought$207.2N/A0.6%N/AA-
Massachusetts Mutual$202.35.4%0.6%20.0%A++
Jefferson National Life$183.779.4%0.5%66.7%B+
Guardian$178.7-42.6%0.5%-44.4%A++
Mutual of America$137.330.9%0.4%33.3%A+

As of Sept 30. *The bulk of TIAA-CREF's VA assets are generated from group annuity sales of retirement plans, rather than retail sales. N/A = not available. Source: Morningstar Inc.

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