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2Q VA sales hit $32.1 billion, the highest level in 3 years.(Annuity Stats)
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Variable annuity sales reached their highest level in three years in the second quarter of 2003, with new sales of $32.1 billion. This was a 9.8% increase over the first quarter of 2003, and 12.1% higher than the second quarter of 2002.
As of June 30, 2003, year-to-date new sales of $61.3 billion are 12.4% higher than midyear last year, no doubt fueled in part by the hope that this year will mark the first positive returns in domestic market indexes since 1999.
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