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Symetra Financial Corp.

Symetra Financial Corp.

Sector: Life Insurance Region: WA, United States


: | Frankfurt Stock Exchange: 4SY | New York Stock Exchange: SYA


Similar to: Old Mutual Plc

Symetra Financial Corp. is a financial services company in the life insurance industry. The company provides retirement plans, employee benefits, annuities and life insurance services. It manages its business through three divisions composed of four operating segments: Benefits, Retirement, Life and Other. The Benefits segment provides medical stop-loss insurance, limited benefit medical insurance and group life and disability income insurance as its principal products. In addition to insurance products, it offers managing general underwriting services. The Retirement segment offers fixed and variable deferred annuities to consumers, who want to accumulate tax-deferred assets for retirement and offers single premium immediate annuities to customers seeking a reliable source of retirement income or to protect against outliving their assets during retirement, and structured settlement annuities to fund third party personal injury settlements. In addition, it offers funding services options to existing structured settlement clients. The Life segment offers a wide array of individual products, such as term and universal life insurance, including single premium life insurance, as well as bank-owned life insurance. The Other segment consists of unallocated corporate income, composed primarily of investment income on unallocated surplus, unallocated corporate expenses, interest expense on debt, earnings related to limited partnership interests, the results of small, non-insurance businesses that are managed outside of divisions, and inter-segment elimination entries. The company's business root back to 1957 and was founded on August 2, 2004 and is headquartered in Bellevue, WA.

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