“Stealing the Show” – A Select Few VA Players Excel During 3Q09

During the third quarter we saw a familiar pattern that’s emerged lately in the variable annuity business, that of a minority of insurers – those still selling the richer guaranteed benefits – posting exceptional sales, while others saw deposits decline, in some cases very sharply. In this commentary we’ll provide our usual thoughts on the “whys and wherefores” behind the movements in sales and net flows of insurers we watch regularly...