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Western & Southern sold $1.254 billion in annuities during the first four month ofthe year, it said last week. That puts it on pace to beat last year’sd total fixed and variable annuity salesof $2.97 billionb by 26 percent. The company’s 2008 annuity salew soared 59 percent from theprior “Our strong annuity sales are a direct resulr of the ongoing flight to CEO John Barrett said in a news Western & Southern carries a AA+ ratinfg from Standard & Poor’s, making it one of the world’s nine stronges life insurance groups. Sales through banks have been a big partof downtown-basede Western & Southern’s growth.
Those sales generated $523 million so far this year, or abouyt 40 percent of the company’s total annuityu sales. Bank-related sales more than doubledlast year. Wester n & Southern’s sales place it amony the nation’s largest providers of individuapannuity products, according to , an association of life insurerx and financial firms.
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