Latest: US annuity sales highest since 2008

Increased market volatility and growing inflation drove total US annuity sales to the highest levels since 2008, and the third highest recorded in history, according to results from the Secure Retirement Institute (SRI) US Individual Annuity Sales Survey. Total annuity sales were US$254.6 billion in 2021, up 16% from 2020. In the fourth quarter, annuity sales were US$62.8 billion, seven percent higher than in Q4 2020. The expected interest rate increases, and continued product innovation