- Fixed Index Annuity
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
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.
| Rank | Company name | Indexed |
|---|---|---|
| 1 | Allianz Life | 8,358,718 |
| 2 | Athene | 6,122,393 |
| 3 | AIG Companies | 6,026,956 |
| 4 | Nationwide | 5,455,800 |
| 5 | American Equity | 4,705,319 |
| 6 | Lincoln Financial | 4,122,282 |
| 7 | Jackson | 3,738,838 |
| 8 | Global Atlantic | 3,607,134 |
| 9 | Pacific Life | 3,321,109 |
| 10 | Great American | 3,142,476 |
Source: Secure Retirement Institutre* U.S. Individual Annuities Sales Survey
10 Best Fixed Index Annuity Companies
#1. Allianz Life of North America
| Allianz Life | Rating |
|---|---|
| 5701 Golden Hills Dr., Minneapolis, MN 55416 | |
| A.M. Best Rating | A+ |
| 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 Ratings | Rating |
|---|---|
| 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 Company | Rating |
|---|---|
| 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 |
#1 Annuity: AIG Power Protector
#4. Nationwide Life & Annuity Company
| Nationwide Life & Annuity Company | Rating |
|---|---|
| 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 |
#1 Annuity: Nationwide New Heights
#5. American Equity Investment Life Insurance Company
| American Equity | Rating |
|---|---|
| 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 |
#1 Annuity: AssetShield Annuity
#6. Lincoln Financial Group
| Lincoln Financial Group | Rating |
|---|---|
| 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 Company | Rating |
|---|---|
| 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 |
#1 Annuity: Jackson National MarketProtector Annuity
#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 |
#1 Annuity: Global Atlantic 150+SE
#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 |
#1 Annuity: Global Atlantic 150+SE
#10. Great American Life Insurance Company (GALIC)
| Great American Insurance Group | Rating |
|---|---|
| 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 |
#1 Annuity: Great American Legend 7
Top 3 Fixed Index Annuity Companies
| 2019 Rank | 2018 Rank | 2017 Rank | 2016 Rank | |
|---|---|---|---|---|
| Allianz | 1 | 1 | 1 | 1 |
| Athene | 2 | 2 | 2 | 3 |
| AIG | 3 | 4 | 4 | 5 |
| Nationwide | 4 | 3 | 3 | 7 |
| American Equity | 5 | 6 | 6 | 2 |
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
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