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Symetra Financial Corporation  (SYA)
Other Ticker:  
 
    Sector  Financial    Industry Life Insurance
   Industry Life Insurance
   Sector  Financial
 
Price: $0.0000 $0.00 %
Day's High: 0.00 Week Perf:
Day's Low: $ 0.00 30 Day Perf:
Volume (M): 0 52 Wk High: $ 0.00
Volume (M$): $ 0 52 Wk Avg: $0.00
Open: $0.00 52 Wk Low: $0.00



 Market Capitalization (Millions $) -
 Shares Outstanding (Millions) 116
 Employees 1,400
 Revenues (TTM) (Millions $) 2,187
 Net Income (TTM) (Millions $) 157
 Cash Flow (TTM) (Millions $) 74
 Capital Exp. (TTM) (Millions $) 0

Symetra Financial Corporation

We are a financial services company in the life insurance industry with operations that date back to 1957. Our products are distributed domestically in all states and the District of Columbia, through benefits consultants, financial institutions, broker-dealers, and independent agents and advisers. We manage our business through three divisions composed of four business segments. We also have a fifth segment, referred to as the Other segment.


We are focused on profitable growth in the retirement, employment-based benefits and life insurance markets, providing value to our policyholders and shareholders. Our ability to increase net income and improve shareholder returns is directly related to our ability to:

profitably underwrite and price products and services at rates that are both competitive and appropriately reflect risk;

develop new and strengthen existing relationships with distributors in our key markets; and

invest cash inflows for appropriate durations at rates of return that maintain desired interest spreads between investment income earned and amounts credited to policy holders.


Our corporate strategies, described for each division below, are designed to build on our core strengths and drive profitable sales and earnings growth in our target markets. We aim to effectively manage capital, allocating resources to opportunities that offer the highest returns in order to maximize long-term shareholder value while maintaining our strong financial strength ratings. We believe that our diverse mix of businesses provides flexibility that will enable us to grow in most economic environments, and our strong balance sheet reflects our commitment to disciplined financial management and stability.

Benefits Division:
The Benefits division, which is also reported as the Benefits segment, provides medical stop-loss insurance, group life and disability income (DI) insurance, and limited benefit medical insurance as its principal products. The following is the division’s primary strategy:

Profitably grow our business, providing comprehensive solutions to meet our customers' employment-based benefits needs. We strive to grow our block of business while maintaining our pricing discipline by underwriting business that is consistent with our long-term profitability target. We aim to leverage our leadership position in the medical stop-loss market to expand our reputation as a multi-line carrier. We seek to accelerate growth in group life and DI premiums and build towards operating scale in this business. Additionally, we plan to capitalize on sales opportunities for our Benefits products through private health insurance exchanges.

Retirement Division:
The Retirement division, which is reported as the Deferred Annuities and Income Annuities segments, provides single-premium fixed deferred annuities (fixed annuities, including fixed indexed annuities), single premium immediate annuities (SPIAs) and variable deferred annuities as its principal products. The following is the division’s primary strategy:

Drive profitable growth by selling annuities through financial institutions and broker-dealers. We remain committed to our two-pronged approach to expand product sales: deepening our existing distribution relationships and adding new distribution partners. We believe our annuity products are aligned with the needs of the customers of our key distribution partners and are well-positioned to accommodate changes in the interest rate environment.

Individual Life Division:
The Individual Life division, which is also reported as the Individual Life segment, offers retail and institutional products. Principal retail products include universal life (UL) and term life insurance. Institutional products include bank-owned life insurance (BOLI) and variable corporate-owned life insurance (COLI). The following is the division’s primary strategy:

Broaden portfolio of retail products and expand sales through brokerage general agencies (BGAs). In 2014, we expanded our relationships with BGAs and gained significant traction on sales of our guaranteed UL products. We intend to further expand retail sales by deepening our existing BGA relationships. In 2014, we introduced a survivorship UL product, and we plan to continue developing new product enhancements to align with the needs of customers in the BGA market. We are striving to generate over $50 million of Individual Life sales in 2015.



   


Customers Net Income grew by SYA's Customers Net Profit Margin grew to

27.12 %

10.59 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

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• View Complete Report
   



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Symetra Financial's Segments
 
 
• View Complete Report
  Company Estimates  
  Revenue Outlook
Symetra Financial does not provide revenue guidance.

Earnings Outlook
Selectis Health Inc. does not provide earnings estimates.

 
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