In this study, convective and radiating annular fins of rectangular profile under thermally asymmetric conditions are examined using an analytical method. For the fin base condition, it is assumed that heat transfer from the fluid to the inside surface of the pipe is equal to the heat transfer through the fin base. The temperature distribution along the fin height at the fin tip is presented to demonstrate the effects of the thermally asymmetric condition. The heat loss and fin tip radius for fixed fin height are optimized as a function of the fin top convection characteristic number. Also, for fixed fin volume, the heat loss and fin dimensions are optimized based on the top, bottom, and tip convection characteristic numbers, radiation characteristic numbers, fin base radius, and fin volume. The fin effectiveness as a function of the top convection characteristic number and annular fin length are also presented.