Best Annuity Companies of 2023

$100 dollar bill with a stockmarket graph in backgroud. Bold white font reads "Best Annuity Companies 2023" with a white My Annuity Store Favicon bottom right corner.

The Best Annuity Companies in 2023

Annuity products are very customizable which is likely why they’ve gotten a reputation for being too complicated over the years.

While the best annuity company for you will be determined by your individual goals and objectives, our Best Annuity Companies of 2023 will compare and rank annuity companies based on a handful of variables.

Each year the LIMRA Secure Retirement Institute publishes U.S. Individual Annuity Sales Rankings and breaks out the top 20 Annuity Companies. The results for 2022 have just been announced so let’s dive into the best annuity companies based on total individual U.S. Annuity sales in 2022.

Best Fixed Annuity Companies Based on Total Sales

Total annuity sales were $310.6 billion in 2022, beating the record set in 2008 by 17% according to preliminary results from LIMRA’s U.S. Individual Annuity Sales Survey.

Here is the 2022 sales breakdown by type of annuity:

The table below lists the 20 best annuity companies in order based on total annuity sales.

Company name Total
New York Life $23,244,645
Athene Annuity and Life $20,689,767
Corebridge Financial $20,161,494
Mass Mutual $18,795,460
Equitable Financial $15,158,901
Jackson National Life $14,899,969
Allianz Life $14,069,689
Lincoln Financial Group $12,101,204
Pacific Life $11,447,346
Nationwide $11,140,200
Brighthouse Financial $10,960,124
Global Atlantic Financial Group $9,463,892
Sammons Financial Companies $8,611,720
Fidelity & Guaranty Life $8,294,766
Western Southern Group $7,757,264
TIAA $7,626,446
Symetra Financial $6,123,094
Prudential Annuities $6,116,206
USAA Life $5,972,015
Security Benefit Life $4,502,972

Best Indexed Annuity Companies

The table below lists the best-indexed annuity companies based on total sales in 2022. An interesting point to note is Athene, Allianz, and Corebridge (AIG) have finished in the exact 1,2,3 order for the last 3 years.

If you are considering an indexed annuity all three of these annuity companies may warrant consideration.

RankCompany nameIndexed
1Athene Annuity and Life $10,069,119
2Allianz Life $8,193,195
3Corebridge Financial $6,689,473
4Sammons Financial Companies $5,567,141
5Fidelity & Guaranty Life $4,550,211
6Mass Mutual $4,375,100
7Global Atlantic Financial Group $4,151,070
8Nationwide $3,984,900
9Security Benefit Life $3,373,386
10American Equity $3,164,399

Safest Annuity Companies

The table below lists the safest annuity companies based on their financial ratings. Each of these rating agencies is a Nationally Recognized Statistical Rating Organization (NRSRO)

The SEC allows NRSROs to offer ratings to insurers that demonstrate the strength of the various insurance companies’ reserves. The letter grades can get a little confusing since each agency has its own scale; I personally find the Comdex Score the easiest to compare.

The Comdex Score is an aggregate of all the other agencies and the rating represents what percentile an annuity company is in among all rated insurers. 

There are only 3 insurance companies that have attained a Comdex Score of 100:

  1. New York Life
  2. Northwestern Mutual
  3. General Re Life insurance Company

You can search our financial ratings database to learn the ratings of more than 550 insurance companies.

Insurance Co.AM BestS&PMoody'sFitchWeissComdex
Massachusetts Mutual Life InsA++ (1)AA+ (2)Aa3 (4)AA+ (2)A- (3)98
MML Bay State Life Ins CoA++ (1)AA+ (2)Aa3 (4)AA+ (2)B (5)98
State Farm Life & Acc Assur CoA++ (1)AA (3)Aa1 (2)A+ (1)98
State Farm Life Ins CoA++ (1)AA (3)Aa1 (2)A+ (1)98
Berkshire Life Ins Co of AmerA++ (1)AA+ (2)AA+ (2)B (5)99
Guardian Ins & Ann Co IncA++ (1)AA+ (2)Aa2 (3)AA+ (2)B (5)99
Guardian Life Ins Co of AmerA++ (1)AA+ (2)Aa2 (3)AA+ (2)A (2)99
Teachers Ins & Ann AssocA++ (1)AA+ (2)Aa1 (2)AAA (1)A+ (1)99
Thrivent Finl for LutheransA++ (1)AA+ (2)99
TIAA-CREF Life Ins CoA++ (1)AA+ (2)Aa1 (2)AAA (1)B (5)99
USAA Life Ins CoA++ (1)AA+ (2)Aa1 (2)A (2)99
USAA Life Ins Co of NYA++ (1)AA+ (2)Aa1 (2)B+ (4)99
Berkshire Hathaway Life of NEA++ (1)AA+ (2)C+ (7)100
General Re Life CorporationA++ (1)AA+ (2)C (8)100
New York Life Ins & AnnA++ (1)AA+ (2)Aaa (1)AAA (1)B+ (4)100
New York Life Ins CoA++ (1)AA+ (2)Aaa (1)AAA (1)A- (3)100
Northwestern Long Term CareA++ (1)AA+ (2)Aaa (1)AAA (1)B (5)100
Northwestern Mutual Life InsA++ (1)AA+ (2)Aaa (1)AAA (1)B+ (4)100
Table of Contents
    Add a header to begin generating the table of contents
    Scroll to Top

    independent, unbiased & Transparent

    Jason Caudill Standing; wearing a black suit with light pinstripes and a red and black tie.


    My experience working with My Annuity Store was always very positive. I was able to reach my representative easily and consistently. She was always able to answer my questions and provided clear direction on every step of the process. I am very happy with the outcome and would recommend My Annuity Store to anyone who may be considering an annuity.
    Brian Robertson
    As Seen On:
    NBC logo
    ABC Logo
    fox logo
    MarketWatch logo
    Investopedia logo
    CBS Logo

    My Annuity Store does not charge a fee for any of our services. 100% of your funds will be invested in your annuity.

    We are compensated directly by the insurance company in the form of a commission. The commission is paid to us as a percentage of your initial annuity deposit. 

    Our compensation varies based on the product; however, 2.78% was our average compensation in 2022.

    No. We do not sell leads, use affiliate links or display any third-party advertisements on our website. We are 100% independently owned and you will work with Kiara, Ryan, or Jason.  

    Buying an annuity online at My Annuity Store takes only 3 steps:

    Step 1: Learn about annuities and get annuity quotes.

    Step 2:  Complete your application

    Step 3Schedule a call to review your desired annuity and finalize application. 

    You can fund your annuity via:

    • check
    • 1035
    • direct transfer/ rollover
    • ACH
    • wire

    We use industry-leading software that allows us to quote and compare 95 insurance companies in real-time. We also lean on more than 40 years of combined annuity experience.

    Scroll to Top
    My Annuity Store, Inc. Logo

    Get a Free Annuity Quote

    %d bloggers like this: