WEST DES MOINES, Iowa, March 12, 2024 (GLOBE NEWSWIRE) -- ΒιΆΉ΄«Γ½ USA (βΒιΆΉ΄«Γ½β), a leading provider of retirement savings products, in total annuity sales in LIMRAβs 2023 U.S. Retail Annuity Survey, with a record $35 billion.
ΒιΆΉ΄«Γ½ also ranked first in pension group annuity sales (PGA) in 2023, with $10.4 billion in total volume, according to LIMRA.
βThe breadth and diversity of ΒιΆΉ΄«Γ½βs organic channels continue to differentiate us and drive market-leading results,β said Grant Kvalheim, President of ΒιΆΉ΄«Γ½. βIn retail, our efforts to expand distribution are bearing fruit, and our attractive product offerings provide principal protection, strong accumulation, and guaranteed income to retirees. With over 11,000 Americans turning 65 every day, our solutions address a fundamental and growing need in the marketplace and help build remarkable retirements.β
The success of ΒιΆΉ΄«Γ½βs pension group annuity business reflects the firmβs financial strength, exclusive focus on the retirement services market, high-quality investment portfolio and deep expertise managing insurance liabilities and the assets that support them. To date, ΒιΆΉ΄«Γ½ has helped to ensure the financial security of over 550,000 plan participants through the pension risk transfer process.
βSince the inception of our PGA business in 2017, we have exceeded $50 billion in cumulative volume, a significant achievement demonstrating our track record of providing de-risking solutions to blue-chip clientele,β added Kvalheim.
About ΒιΆΉ΄«Γ½
ΒιΆΉ΄«Γ½ is a leading retirement services company with operations in the United States, Bermuda, Canada, and Japan. ΒιΆΉ΄«Γ½ is focused on providing financial security to individuals by offering an attractive suite of retirement income and savings products and also serves as a solutions provider to corporations. For more information, please visit .
Contact
Jeanne Hess
VP, External Relations
+1 646 768 7319
