Symetra is an American company that provides retirement plans, employee benefits, annuities and life insurance businesses through independent national distributors. It is headquartered in Bellevue, Washington.
Symetra Financial started in 1957 and is a subsidiary of Safeco. In 1967, the total amount of corporate insurance exceeded $1 billion. By 1995, the company’s total assets had grown to 10 billion US dollars.
In 2004, Safeco sold its life insurance business to an investment group led by White Mountains Insurance Group and Berkshire Hathaway. Later, the company was acquired by Japanese insurer Sumitomo Life for US$3.8 billion.
Symetra is listed on the New York Stock Exchange under the ticker symbol SYA, the CEO is Tom Marra, and the CFO is Margaret Meister, with a total of 1,250 employees. In 2012, Symetra had revenues of US$2.1 billion, net income of US$205 million, and total assets of US$29.5 billion.
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