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Western & Southern sold $1.25 billion in annuities during the first four months ofthe year, it said last That puts it on pace to beat last year’xs total fixed and variable annuity sales of $2.97 billiobn by 26 percent. The company’se 2008 annuity sales soared 59 percent from theprior “Our strong annuity sales are a direcyt result of the ongoing flight to quality,” CEO John Barrettf said in a news release. Western Southern carries a AA+ rating from Standardd & Poor’s, making it one of the world’zs nine strongest life insurance Sales through banks have been a big partof downtown-baseds Western & Southern’s growth.
Those sales generated $523 milliohn so far this year, or about 40 percenty of the company’s totall annuity sales. Bank-related sales more than doubleelast year. Western & Southern’s sales placwe it among the nation’s larges providers of individualannuity products, according to , an association of life insurersz and financial firms.
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