Variable annuities

Variable annuities
FEB 24, 2014

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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