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LIMRA: MetLife No. 1 in total annuity sales
By Insure.com staff

MetLife was the top seller of annuities in the United States in 2011, according to a new company ranking by LIMRA, a global research and consulting organization that tracks the life insurance industry.

The company's annuity sales totaled almost $31 billion. It was followed by Prudential Annuities ($21.3 billion in sales) and Jackson National Life ($19.8 billion in sales).

AIG Companies ($16.6 billion in sales) and TIAA-CREF ($13.4 billion in sales) came in fourth and fifth place, respectively.

Sales by the top five total annuity writers comprised 42 percent of last year's sales total of $240.3 billion, LIMRA said.

MetLife was also the top seller of variable annuities, with $28.4 billion in sales. AIG Companies was the top seller of fixed annuities, with $8.5 billion in sales.

Total annuity sales increased 8 percent in 2011 when compared to 2010, according to LIMRA's survey of 2011 fourth quarter U.S. individual annuities sales. The survey represents data from 94 percent of the market.

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