QUOTE AND NEWS
TheStreet.com  Aug 14  Comment 
NEW YORK (TheStreet) -- Symetra Financial  was downgraded to "hold" from "buy" at Jefferies, which raised its price target to $32 from $28.  The firm also lowered 2015 earnings estimates to $1.74 from $1.75 per share, with 2016 and 2017...
Benzinga  Aug 14  Comment 
Benzinga  Aug 11  Comment 
American Midstream Partners LP (NYSE: AMID) shares climbed 45.29 percent to $14.05. The volume of American Midstream Partners shares traded was 2739 percent higher than normal. American Midstream Partners reported that ArcLight Capital Partners...
TheStreet.com  Aug 11  Comment 
NEW YORK (TheStreet) -- Shares of Symetra Financial Corp. are gaining by 6.71% to $31.50 in pre-market trading on Tuesday morning, after it was announced that the financial services company will be acquired by Japan's Sumitomo Life Insurance...
Japan Today  Aug 9  Comment 
Sumitomo Life is in talks to buy Symetra Financial Corp (SYA.A), a U.S. life insurance company with a market value of about $3.1 billion, a person familiar with the matter said Sunday, the latest deal in the making by acquisitive Japanese insurers...
Reuters  Aug 7  Comment 
Symetra Financial Corp , a U.S. life insurance company with a market value of about $3.1 billion, has been exploring the possibility of selling itself in recent months, according to...
newratings.com  Aug 6  Comment 
TOKYO (dpa-AFX) - Symetra Financial Corp. (SYA) Tuesday announced a definitive merger agreement to be acquired by Sumitomo Life Insurance Co. for around $3.8 billion. The deal includes a $32 per share in cash and a previously announced special...
Forbes  Mar 13  Comment 
Looking at the universe of stocks we cover at Dividend Channel, on 3/17/15, Mindray Medical International Ltd (NYSE: MR), Solar Capital Limited (NASD: SLRC), and Symetra Financial Corp (NYSE: SYA) will all trade ex-dividend for their respective...




 
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Symetra Financial Corp. (SYA) (NYSE:SYA) is a provider of life insurance and health insurance products in the United States. These products include annuities, employee benefit plans, disability insurance, and retirement plans. The products are distributed through financial institutions, brokers, independent agents and advisors. Currently, the products are distributed through 16,000 independent agents, 26 financial institutions, and 4,300 independent employee benefits brokers. [1]

The company's initial public offering (IPO) of stock was filed on 5 October 2009 and began trading on an exchange on 21 January 2010. With a proposed offer price from $12.00 to $14.00, the actual offer price was only $12.00. The company offered 30.4 million shares. [2]

In the TTM 30 September 2009, Symetra Financial had $1,617.8 million total revenue, up 8.4% from $1,492.3 million total revenue in TTM 30 September 2008. In addition, it made a net income of $91.3 million, up 61% from a net income of $56.7 million net income the company made in TTM 30 September 2008. As of 30 September 2009, 28.9% of total revenues came from Group, the segment representing life insurance plans and other plans, 21.6% from retirement services, the segment providing fixed and variable annuities to retirement plans, 23.9% from Income Annuities, the segment representing annuities to fund third party injury settlement, 24.9% from individual, the segment representing variable life insurance plans. [1]

References

  1. 1.0 1.1 Symetra Financial Corp S-1/A
  2. Recently Priced IPOs
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