The Depository Trust & Clearing Corporation (DTCC) Insurance and Retirement Services (I&RS) has released its newest findings on activity and trends in the market for annuity products in its third quarter report. The information, obtained from the millions of transactions processed by and entrusted to I&RS, is available through its award-winning online information service, Analytic Reporting for Annuities, a service offering of NSCC, a DTCC subsidiary.
Q3 highlights include:
- Compared to Q2 2012, inflows in the third quarter were down $4.4 billion and out flows were down $6.7 billion, resulting in an increase in net cash flows of 39 percent, or $2.2 billion.
- The data reflects a trend of a narrow range of inflows and declining outflows, resulting in greater net flows.
- Net cash flows into non-qualified account types turned positive for the first time in 2012.
In September:
- Annuity inflows declined 4.8%, to $7.4 billion from $7.7 billion in August.
- Out flows declined over 10 percent to $5.7 billion from over $6.3 billion in August.
- 58 percent of all inflows going into qualified account types and 42 percent going to non-qualified account types in September.
The full 16 page report including data and charts can be found here.