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

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Western & Southern sold $1.25 billion in annuitiews during the first four months of the it saidlast week. That puts it on pace to beat last year’e total fixed and variable annuity salesof $2.97 billiobn by 26 percent. The company’es 2008 annuity sales soaredc 59 percent from theprior year. “Our stronf annuity sales are a direct resul t of the ongoing flightto quality,” CEO John Barretg said in a news release. Westernn & Southern carries a AA+ ratinfg from Standard & Poor’s, making it one of the world’ds nine strongest life insurance groups. Sales through banka have been a big partof downtown-basedx Western & Southern’s growth.
Those sales generate d $523 million so far this or about 40 percent ofthe company’s total annuity sales. Bank-related sales more than doublesdlast year. Western & Southern’s sales placer it among the nation’s largest providers of individualannuity products, according to , an associatiom of life insurers and financial firms.