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Variable annuity sales showed some improvement in the first quarter, a positive sign for an industry that has been slumping.

Sales of variable annuities topped $34.6 billion in the first quarter, a 0.6 percent increase over the fourth quarter of 2012, according to Morningstar. Variable annuity net sales also showed improvements in the quarter, returning to positive and reaching $900 million after posting a negative $599 million in the fourth quarter.

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