Symetra

Type| Public

Traded as

| NYSE: SYA
Industry| Insurance
Founded| Bellevue, Washington (2004)
Headquarters| Bellevue, Washington, United States

Key people

| Randall Talbot Founder, Margaret Meister (CEO)
Products| Retirement plans
Employee benefits
Annuities
Life insurance
Revenue| US$ 2.1 billion (2012)

Net income

| US$ 205.4 million (2012)
Total assets| US$ 29.5 billion (2012)

Number of employees

| 1,250
Website| www.symetra.com

Symetra is a United States-based family of companies providing retirement plans, employee benefits, annuities and life insurance through independent distributors nationwide. The main headquarters of the company is located in Bellevue, Washington. Started in 1957, Symetra Financial began as a subsidiary of Safeco. In 1967, the total amount of insurance in force for Symetra surpassed the $1 billion mark. By 1995, the total assets had grown to $10 billion. In 2004, Safeco sold its life insurance business to an investor group led by White Mountains Insurance Group and Berkshire Hathaway.[1]

Symetra Financial was eventually acquired by Japanese insurer Sumitomo Life for $3.8billion. The Japanese insurer was looking to expand its foothold on insurance especially with an aging Japanese market.[2]

## References

1. ↑ Safeco's former investment unit renamed Symetra
2. ↑ https://www.nytimes.com/2015/08/12/business/dealbook/sumitomo-life-insurance-symetra-financial-deal.html?_r=0

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