Total annuity sales in the US reached their highest recorded figure in 2019, totalling US$241.7 billion since hitting a peak of US$265bn in 2008, a three percent increase from 2018, according to a Limra Secure Retirement Institute (SRI) market report.

Director of annuity research at SRI (formerly Limra SRI), Todd Giesing ( pictured ) attributes the strong results to the increased popularity of fixed annuities (FA). Total FA sales reached a total figure of US$139.8 billion in 2019, accounting for 58% of the annuities market in the same year. The result also highlights a five percent jump from the previous year in 2018. “Much of the overall growth in the fixed market can be attributed to the continued growth in the fixed indexed annuity