10 Best Fixed Index Annuity Companies List Picture of $100 Bill and Stock Chart in Back Ground

Top 10 Fixed Index Annuity Companies

Fixed Index Annuities have increased in popularity over the last five years resulting in many more insurance companies entering the market. In this article we’ll list the top ten best fixed index annuity companies based on total sales in 2019.

So with out further ado let’s get started.

Top 10 Fixed Index Annuity Companies

  1. Allianz Life of North America
  2. Athene Annuity & Life
  3. AIG Companies (American General Life Insurance)
  4. Nationwide
  5. American Equity Investment Life
  6. Lincoln Financial Group (LFG)
  7. Jackson National
  8. Global Atlantic Financial Group
  9. Pacific Life
  10. Great American

Best Fixed Index Annuity Companies by the Numbers

Each year the Secure Retirement Institute publishes total U.S. Individual Annuity Sales and breaks out the results for the top 20 Insurance Companies. In addition to overall annuity sales they also break out the results by types of annuities including fixed, indexed and top variable annuity companies as well.

In 2019 total U.S. Individual Annuity Sales were $73,500,000,000 and the top 20 annuity companies accounted for $64,555,688,000 of it, or 88%. 

One interesting note is that all of the top fixed index annuity companies in 2019 are at least A rated by A.M. Best except for American Equity. When it comes to fixed annuities it is typically the lesser rated companies that have the best rates but that clearly isn’t the case when it comes to fixed index annuities.

2019 U.S. Individual Fixed Index Annuity Sales

The table below lists the top 10 fixed index annuity companies for 2019 in order by amount of annuity sales in thousands. So for instance, Allianz Life’s total fixed index annuity sales were $8.3 Billion in 2019.

RankCompany nameIndexed
1Allianz Life 8,358,718
2Athene 6,122,393
3AIG Companies6,026,956
4Nationwide5,455,800
5American Equity 4,705,319
6Lincoln Financial4,122,282
7Jackson3,738,838
8Global Atlantic 3,607,134
9Pacific Life3,321,109
10Great American3,142,476

Source: Secure Retirement Institutre* U.S. Individual Annuities Sales Survey

10 Best Fixed Index Annuity Companies

#1. Allianz Life of North America

Allianz LifeRating
5701 Golden Hills Dr., Minneapolis, MN 55416
A.M. Best RatingA+
Moody's (21 rankings)A1 (5)
Comdex (percentile of all rated companies)94
Standard & Poor's (20 Possible Ratings)AA (3)

#1 Selling Annuity: Allianz 222

#2. Athene Annuity

Athene Financial RatingsRating
7700 Mills Civic Parkway, West Des Moines, IA 50266
A.M. Best Rating (15 possible ratings)A (3)
Fitch Ratings (21 possible)A (6)
Comdex (percentile of all rating companies)78
Standard & Poor's (20 possible ratings)A (6)

#1 Annuity: Performance Elite

#3. AIG Companies

American General Life Insurance CompanyRating
A.M. Best Company (Best's Ratings, 15 Ratings)A (3)
Moody's (Financial Strength, 21 Ratings)A2 (6)
Standard & Poor's (Financial Strength, 20 Ratings)A+ (5)
Fitch Ratings (Financial Strength, 21 Ratings)A+ (5)
Weiss (Safety Rating, 16 Ratings)B (5)
Comdex Ranking (Percentile in Rated Companies)82

#4. Nationwide Life & Annuity Company

Nationwide Life & Annuity CompanyRating
One Nationwide Plaza, Columbus, OH 43215
A.M. Best Rating (15 possible ratings)A+ (2)
Moody's (21 possible ratings)A1 (5)
Standard & Poor's (Financial Strength, 20 Ratings)A+ (5)
Comdex (percentile of all rating companies)90

#5. American Equity Investment Life Insurance Company

American EquityRating
6000 Westown Pkwy, West Des Moines, IA 50266
A.M. Best Rating (15 possible ratings)A- (4)
Fitch (21 possible ratings)A- (7)
Standard & Poor's (Financial Strength, 20 Ratings)A- (7)
Comdex (percentile of all rating companies)60

#6. Lincoln Financial Group

Lincoln Financial GroupRating
1300 South Clinton St., Fort Wayne, IN 46802
A.M. Best Rating (15 possible ratings)A+ (2)
Moody's (21 possible ratings)A1 (5)
Fitch (21 possible ratings)A+ (5)
Standard & Poor's (Financial Strength, 20 Ratings)AA- (4)
Comdex (percentile of all rating companies)90

#1 Annuity: Lincoln OptiBlend

#7. Jackson National Life Insurance Company

Jackson National Life Insurance CompanyRating
1 Corporate Way, Lansing, MI 48951
A.M. Best Rating (15 possible ratings)A (3)
Moody's (21 possible ratings)A1 (5)
Fitch (21 possible ratings)A+ (5)
Standard & Poor's (Financial Strength, 20 Ratings)A+ (5)
Comdex (percentile of all rating companies)84

#8. Global Atlantic

Global Atlantic Financial Group Rating
20 Guest St, Brighton, MA 02135
A.M. Best Rating (15 possible ratings)A (3)
Moody's (21 possible ratings)A3 (7)
Fitch (21 possible ratings)A (6)
Standard & Poor's (Financial Strength, 20 Ratings)A- (7)
Comdex (percentile of all rating companies)75

#9. Pacific Life

Pacific Life Insurance Company Rating
700 Newport Center Dr, Newport Beach, CA 92660
A.M. Best Rating (15 possible ratings)A+ (2)
Moody's (21 possible ratings)A1 (5)
Fitch (21 possible ratings)AA- (4)
Standard & Poor's (Financial Strength, 20 Ratings)AA- (4)
Comdex (percentile of all rating companies)93

#10. Great American Life Insurance Company (GALIC)

Great American Insurance GroupRating
301 E Fourth St., Cincinnati, OH 45202
A.M. Best Rating (15 possible ratings)A (3)
Moody's (21 possible ratings)A2 (6)
Standard & Poor's (20 possible ratings)A+ (5)
Comdex (percentile of all rated companies)82

Top 3 Fixed Index Annuity Companies

The below table lists the top fixed index annuity companies in terms of sales for 2016, 2017, 2018 and 2019. What I think is quite telling is the top three fixed index annuity companies in 2019 were all in the top 5 each of the last four years.

 2019 Rank2018 Rank2017 Rank2016 Rank
Allianz1111
Athene2223
AIG3445
Nationwide4337
American Equity5662

While I realize making a blanket statement that the insurer’s with the most fixed index annuity sales are the best index annuity companies; in this case, it is my belief the numbers don’t lie. At least for the top four or five spots. 

 

While the best annuity for you will be determined by your individual situation and goals; generally speaking, Allianz, Athene and AIG are the best fixed index annuity companies. 

Uncapped Crediting Strategies

Allianz, AIG and Athene have all been innovators in the indexed annuity space and I would attribute much of their success to that fact. Specifically, they all have uncapped crediting strategies and offer proprietary volatility managed indexes.  

We really like Allianz’s Bloomberg Universal Dynamic Index II, AIG’s Merril Lynch Strategic Balanced Index and Athene’s AiPex Dynamic Allocation index.

Annuity reviews for Allianz, Athene and AIG products, as well as many others, can be found on our our Annuity Reviews page. If you have questions or comments feel free to leave them below or direct them towards us privately via our contact page.

SEE ALSO: Best Fixed Annuity Companies 2019

Have a Specific Question?

Annuities are distributed by My Annuity Store, Inc. Guarantees are subject to the claims-paying ability of the insurer. My Annuity Store, Inc. does not advise clients on the purchase of non-fixed annuity products. The information presented here is not of tax or legal nature and is not intended to be a recommendation to purchase a fixed annuity, fixed index annuity, variable annuity contract, registered index linked annuity (RILA), immediate annuity (SPIA), longevity annuity, or Qualified Longevity Annuity Contract (QLAC). 

The contract features described may not be current and may not apply in the state in which you reside. Annuities are issued by Insurance companies and contracts are ‘state-specific’. Insurance companies also change their products and information often and without notice. Annuities are subject to the terms and conditions of the specific contract issued by the insurer, are not FDIC or NCUA insured, are not bank guaranteed, may lose value, and are not a deposit. Please call (855) 583-1104 if you have any questions or concerns. 

The information presented here is not a representation regarding the suitability of any concept or product(s) for an individual and it does not provide tax, accounting or legal advice. It is important to read the prospectus carefully and consider your objectives, risks, fees and charges associated with the contract. You should always consult your own financial planning, tax, and legal counsel to determine if a fixed annuity, immediate annuity, longevity annuity, or Qualified Longevity Annuity Contract are suitable in your financial situation.

Share with Your Friends
Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
Share on email

Search Our Site

My Annuity Store, Inc.

My Annuity Store, Inc. provides a platform for individuals to acquire knowledge, request, compare, price and select income, fixed, and fixed index annuities.

Our purpose is to elevate and simplifying the experience of acquiring annuity education and product solutions.

Let's Stay Connected

Recent Posts

Review Annuity Rates

Complimentary, quick and easy. 56 Companies, 302 riders and 2000+ annuities at your fingertips.
855-583-1104
Stay Informed with our Monthly Newsletter and annuity rate updates

The Latest in Annuity News

Closeup of life insurance form

Top Rated Life Insurance Companies

Top Rated Life Insurance Companies Deciding who the top rated life insurance companies are is not an exact science. The are 5 main life insurance

Allianz Benefit Control Annuity Review with Calculator sitting on annuity charts

Allianz Benefit Control Annuity Review

Allianz Benefit Control Annuity Review In this review of the Allianz Benefit Control Annuity we will cover: Lifetime Income Rider Options Income Multiplier Benefit for