The Depository Trust & Clearing Corporation (DTCC) Insurance and
Retirement Services (I&RS) has released its newest findings on activity
and trends in the market for annuity products in its third quarter
report. The information, obtained from the millions of transactions
processed by and entrusted to I&RS, is available through its
award-winning online information service, Analytic
Reporting for Annuities, a service offering of NSCC, a DTCC
The full 16 page report including data and charts can be found here.
Q3 highlights include:
Compared to Q2 2012, inflows in the third quarter were down $4.4
billion and out flows were down $6.7 billion, resulting in an increase
in net cash flows of 39 percent, or $2.2 billion.
The data reflects a trend of a narrow range of inflows and declining
outflows, resulting in greater net flows.
Net cash flows into non-qualified account types turned positive for
the first time in 2012.
Annuity inflows declined 4.8%, to $7.4 billion from $7.7 billion in
Out flows declined over 10 percent to $5.7 billion from over $6.3
billion in August.
58 percent of all inflows going into qualified account types and 42
percent going to non-qualified account types in September.
About Analytic Reporting
Analytic Reporting for Annuities is an online information solution
containing aggregated data from transactions processed by NSCC's
Insurance & Retirement Services (I&RS). I&RS is the central messaging
connection for annuity and life insurance transactions, enabling
insurance companies to provide broker/dealers with daily financial
transaction information. It processes approximately 150 million
transactions each month.
Because Analytic Reporting is based on processed transactions, not
surveyed data, Analytic Reporting gives DTCC customers a unique and
unprecedented view of their own business as well as the market for
annuity products so that they can discover key trends and identify
opportunities. With updates approximately two to three weeks after each
month-end, Analytic Reporting allows users to assess their business and
access industry intelligence to support management decisions about
sales, sales management, marketing and product offerings. Analytic
Reporting is a hosted turnkey solution, available online anywhere,
anytime. DTCC Members don't have to store or manage the data. They don't
have to develop applications or run SQL queries to obtain the business
information they rely on for decision making.
DTCC has added a page to its web site at http://www.dtcc.com/analytics
for more information about the Analytic Reporting Service.
The Depository Trust & Clearing Corporation (DTCC), through its
subsidiaries, provides clearing, settlement and information services for
equities, corporate and municipal bonds, government and mortgage-backed
securities, money market instruments and over-the-counter derivatives.
In addition, DTCC is a leading processor of mutual funds and insurance
transactions, linking funds and carriers with their distribution
networks. DTCC's depository provides custody and asset servicing for 3.6
million securities issues from the United States and 121 other countries
and territories, valued at almost $34 trillion. In 2010, DTCC settled
more than $1.66 quadrillion in securities transactions. Insurance &
Retirement Services (I&RS) is the DTCC division that processes annuity
and insurance transactions. I&RS is the central messaging connection for
annuity and life insurance transactions, enabling insurance companies to
provide broker/dealers with daily financial transaction information. It
processes approximately 150 million transactions each month.
The Analytic Reporting Service is a service offering of National
Securities Clearing Corporation ("NSCC"), a clearing agency registered
with the U.S. Securities and Exchange Commission and wholly-owned
subsidiary of DTCC.