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2002 Sales of Stable Value Products Up

Stable Value and funding agreement assets grew to $419 billion in 2002 found a joint Stable Value Investment Association-LIMRA survey. The survey covered 33 Stable Value service providers. Companies reported $309 billion in Stable Value assets and $110 billion in funding agreement assets for 2002.

Sales of Stable Value and funding agreement products were mixed during 2002. Compared with the same period in 2001, Stable Value sales increased 21%, while funding agreements decreased 4%.

The average new Stable Value contract in 2002 was $29.9 million. The average funding agreement contract in 2002 was $39.9 million.

Global sales captured 31% of total funding agreement sales for 2002. Sales to short-term investment funds and other markets accounted for 28% and 15%, respectively. Sales to municipal markets accounted for 14% and sales to foreign markets represented the remaining 12%.

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