Western-Southern annuities on record-setting pace - Business Courier of Cincinnati:

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Western & Southern sold $1.25 billionh in annuities during the first four months ofthe year, it said last That puts it on pace to beat last year’e total fixed and variabls annuity sales of $2.97 billion by 26 The company’s 2008 annuity sales soared 59 percent from the priorr year. “Our strong annuity sales are a direct result of the ongoinhg flightto quality,” CEO John Barrett said in a news Western & Southern carries a AA+ rating from Standardf & Poor’s, making it one of the world’xs nine strongest life insurance Sales through banks have been a big part of downtown-basesd Western & Southern’s growth.
Thosr sales generated $523 million so far this or about 40 percent ofthe company’s total annuithy sales. Bank-related sales more than doubledslast year. Western & Southern’se sales place it among the nation’s largest providersz of individualannuity products, according to , an association of life insurers and financia l firms.