Variable annuities
Variable annuities – Participating issuers, ranked by net assets Issuer Net assets ($M) % change vs. 2012 Market…
Variable annuities – Participating issuers, ranked by net assets
| Issuer | Net assets ($M) | % change vs. 2012 | Market share | % change vs. 2012 | Financial strength rating |
|---|---|---|---|---|---|
| TIAA-CREF* | $421,088.1 | 6.8% | 23.6% | -2.9% | A++ |
| MetLife | $173,796.8 | 10.1% | 9.7% | 0.0% | A+ |
| Prudential Financial | $142,848.8 | 11.5% | 8.0% | 1.3% | A+ |
| Jackson National | $105,949.5 | 27.8% | 5.9% | 15.7% | A+ |
| Lincoln Financial Group | $105,102.0 | 16.7% | 5.9% | 5.4% | A+ |
| Axa Equitable | $101,488.5 | 10.9% | 5.7% | 1.8% | A+ |
| Sun America/VALIC | $88,384.0 | 14.7% | 5.0% | 4.2% | A |
| Ameriprise Financial | $71,573.7 | 8.2% | 4.0% | -2.4% | A+ |
| ING Group | $69,152.8 | 3.9% | 3.9% | -4.9% | A |
| Hartford | $61,466.6 | -7.8% | 3.4% | -17.1% | A- |
| AEGON/Transamerica | $55,293.8 | 17.9% | 3.1% | 6.9% | A+ |
| Pacific Life | $54,292.2 | 5.8% | 3.0% | -6.3% | A+ |
| Nationwide | $53,458.9 | 12.1% | 3.0% | 3.4% | A+ |
| John Hancock | $51,703.9 | -0.6% | 2.9% | -9.4% | A+ |
| Allianz Life | $31,728.4 | 7.8% | 1.8% | 0.0% | A |
| Fidelity Investments Life | $23,235.0 | 13.6% | 1.3% | 0.0% | A+ |
| New York Life | $22,980.9 | 14.7% | 1.3% | 8.3% | A++ |
| Thrivent Financial | $22,432.1 | 20.3% | 1.3% | 8.3% | A++ |
| Ohio National | $15,926.7 | 19.1% | 0.9% | 12.5% | A+ |
| Northwestern Mutual | $15,259.3 | 14.8% | 0.8% | 0.0% | A++ |
| Massachusetts Mutual | $13,474.0 | 9.7% | 0.8% | 0.0% | A++ |
| Protective | $11,600.8 | 30.8% | 0.6% | 0.0% | A+ |
| Mutual of America | $10,857.3 | 16.8% | 0.6% | 0.0% | A+ |
| Genworth Financial | $10,368.2 | -2.2% | 0.6% | 0.0% | A |
| Guardian | $9,096.0 | 14.7% | 0.5% | 0.0% | A++ |
Variable annuities – Participating issuers, ranked by new sales
| Issuer | New sales ($M) | % change vs. 2012 | Market share | % change vs. 2012 | Financial strength rating |
|---|---|---|---|---|---|
| Jackson National | $5,189.0 | -8.3% | 14.9% | -5.7% | A+ |
| Lincoln Financial Group | $3,544.2 | 51.7% | 10.2% | 56.9% | A+ |
| SunAmerica/VALIC | $3,408.0 | 68.5% | 9.8% | 75.0% | A |
| TIAA-CREF* | $3,235.8 | 1.1% | 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 | $2,359.3 | 27.9% | 6.8% | 33.3% | A+ |
| AEGON/Transamerica | $2,309.4 | 68.6% | 6.6% | 73.7% | A+ |
| Nationwide | $1,435.7 | 73.6% | 4.1% | 78.3% | A+ |
| Ameriprise Financial | $1,296.3 | 15.6% | 3.7% | 19.4% | A+ |
| Pacific Life | $1,045.6 | 6.2% | 3.0% | 11.1% | A+ |
| Thrivent Financial | $785.3 | 27.1% | 2.3% | 35.3% | A++ |
| New York Life | $766.5 | 32.4% | 2.2% | 37.5% | A++ |
| Allianz Life | $749.7 | 4.3% | 2.2% | 10.0% | A |
| Ohio National | $564.3 | -17.5% | 1.6% | -15.8% | A+ |
| Northwestern Mutual | $384.9 | 16.5% | 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 | $238.8 | 116.5% | 0.7% | 133.3% | A+ |
| Forethought | $207.2 | N/A | 0.6% | N/A | A- |
| Massachusetts Mutual | $202.3 | 5.4% | 0.6% | 20.0% | A++ |
| Jefferson National Life | $183.7 | 79.4% | 0.5% | 66.7% | B+ |
| Guardian | $178.7 | -42.6% | 0.5% | -44.4% | A++ |
| Mutual of America | $137.3 | 30.9% | 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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