We hate to sound like a broken record, but we’ve just got to let you know: More records are being set.
Both flow annuity sales and life sales from January through March were our best ever.
Annuity flow premium was $36 million in the first quarter, 17.4 percent above the same period in 2016.
And life WNAP was $47 million in the first quarter, which is 11.3 percent above the 2016 first quarter. (And you do know what WNAP stands for, right?)
We had a great quarter for SPDAs, as well. (And you know what that stands for, too, right?) SPDA sales were $171 million, 4.2 percent above last year and the best first quarter in the past five years.
So, while we might have gone from hero to zero when the calendar flipped from December to January, we’re well on our way to another great year.
Oh, and now about those acronyms. Do you know the references, right? OK, just to prove that we do, WNAP is weighted new annualized premium and SPDA is single premium deferred annuity.