CSIMarket
 

Symetra Financial Corporation  (SYA)
Other Ticker:  
 
    Sector  Financial    Industry Life Insurance
   Industry Life Insurance
   Sector  Financial

Symetra Financial's

Competitiveness


 

SYA Sales vs. its Competitors Q3 2015



Comparing the current results to its competitors, Symetra Financial reported Revenue increase in the 3 quarter 2015 by 2.4 % year on year.
The revenue growth was below Symetra Financial's competitors' average revenue growth of 44.77 %, achieved in the same quarter.

List of SYA Competitors

With a net margin of 3.76 % Symetra Financial achieved higher profitability than its competitors.

More on SYA Profitability Comparisons



Revenue Growth Comparisons




Net Income Comparison


Symetra Financial CorporationNet Income in the 3 quarter 2015 fell year on year by -45.56%, slower than its competitors' income growth of 57.84 %

<<  SYA Stock Performance Comparisons


Symetra Financial's Comment on Competitors and Industry Peers


We face significant competition for customers and distributors from insurance and other non-insurance financial services companies, such as banks, broker-dealers and asset managers. Generally, our life, health and annuity insurance products compete with similar products offered by other large and highly rated insurers. In addition, our annuity products compete with products offered by other financial services companies. Our ability to compete effectively is dependent on a number of factors, including:
product features;
price, crediting rates and cap rates;
commissions;
the strength of our brand;
reputation;
quality of service and related technological capabilities;
financial strength ratings and other industry ratings;
our ability to invest premiums and deposits in appropriate assets; and
diversification of distribution channels.
The relative importance of these factors depends on the particular product and market. For example, many of our annuity products compete on the interest rates we credit, resulting in the risk that our annuity contract holders may be able to obtain more favorable rates from our competitors. Recent entrants to annuity markets may be willing to assume more risk in their investment portfolios, allowing them to offer higher crediting rates that are more attractive to consumers. Additionally, our ability to gain traction with new distribution partners may be impacted by a lack of consumer name recognition in certain markets. However, we believe that our extensive distribution network, strong financial position, diverse business mix, and disciplined investment management provides us with competitive advantages.