Sales of annuities reached $67.9 billion in the second quarter, up 39% from the second quarter of 2020, according to data gathered by the Secure Retirement Institute. Year-to-date, annuity sales totaled $129 billion, 23% higher than in the same period ...

Principal Financial Group Inc. said it will stop selling U.S. retail fixed annuities and consumer life insurance products and pursue sales of blocks of those assets already in force. The operations tagged for divestiture and other alternatives have policy reserves ...