Variable Annuity Total Sales by State, 2014

Rank

State

$ Total (millions)

% of Total

1

California

$12,133.4

9.0%

2

New York

10,496.2

7.8

3

Florida

8,870.4

6.6

4

Texas

7,207.5

5.4

5

Pennsylvania

6,461.1

4.8

6

New Jersey

6,056.9

4.5

7

North Carolina

5,684.1

4.2

8

Ohio

5,178.2

3.9

9

Michigan

4,935.6

3.7

10

Illinois

4,911.1

3.7

11

Massachusetts

3,874.3

2.9

12

Minnesota

3,455.8

2.6

13

Missouri

3,228.5

2.4

14

Virginia

3,194.2

2.4

15

Indiana

3,033.8

2.3

16

Wisconsin

3,007.1

2.2

17

Maryland

2,605.6

1.9

18

Georgia

2,526.1

1.9

19

Washington

2,525.2

1.9

20

Colorado

2,409.7

1.8

21

Connecticut

2,409.2

1.8

22

Arizona

2,243.4

1.7

23

Tennessee

2,143.4

1.6

24

Louisiana

1,795.9

1.3

25

Iowa

1,629.1

1.2

26

Alabama

1,616.3

1.2

27

Rhode Island

1,446.1

1.1

28

Kansas

1,433.6

1.1

29

Alabama

1,409.5

1.1

30

Oklahoma

1,333.3

1.0

31

Utah

1,252.0

0.9

32

Oregon

1,223.4

0.9

33

Kentucky

1,204.4

0.9

34

New Mexico

1,185.6

0.9

35

Hawaii

921.2

0.7

36

Nebraska

860.2

0.6

37

Arkansas

840.7

0.6

38

New Hampshire

792.0

0.6

39

West Virginia

791.6

0.6

40

Mississippi

783.4

0.6

41

Nevada

748.4

 

0.6

42

North Dakota

675.3

0.5

43

Maine

585.4

0.4

44

Idaho

467.1

 

0.3

45

Montana

450.1

 

0.3

46

Delaware

449.7

0.3

47

South Dakota

420.4

0.3

48

Vermont

388.3

 

0.3

49

Wyoming

283.1

0.2

50

District of Columbia

204.2

0.2

51

Alaska

180.7

0.1

52

Puerto Rico

140.6

0.1

53

Other

51.3

0.0

54

Virgin Islands

4.4

0.0

 

Total

$134,158

100%

Source: Morningstar, Inc. $134.2 billion in sales by state represents 97.3 percent of 2014 variable annuity total sales of $137.9 billion.