Symetra Financial - Ownership and Business Overview

InsuranceCompany

Symetra Financial Ownership

Who owns Symetra Financial?

Symetra Financial is owned by Sumitomo Life Insurance. It was acquired on August 11, 2015.

Was Symetra Financial formerly PE-backed?

Yes. Symetra Financial was formerly owned by 2 private investors.

Symetra Financial Business Overview

Where is Symetra Financial headquartered?

Symetra Financial is headquartered in Bellevue, Washington.

How many employees does Symetra Financial have?

Symetra Financial has 1,230 employees.

What sector is Symetra Financial in?

Symetra Financial is an insurance company.

When was Symetra Financial founded?

Symetra Financial was founded in 1957.

Insurance M&A Summary in 2015

Out of 60 sectors in the Mergr database, insurance ranked 6 in number of deals in 2015. The largest insurance acquisition in 2015 was Chubb - which was acquired by Chubb for $28.3B.

Join Mergr to view all 419 acquisitions of insurance companies in 2015, including 15 acquisitions by private equity firms, and 404 by strategics.

Symetra Financial

Symetra Financial Corp.

777 108th Ave NE, Suite 1200,
Bellevue, Washington 98004-5135
United States,
(425) 256-8000
www.symetra.com

Symetra, based in Bellevue, Washington, is the former life insurance and investment division of Safeco Corp. Its services include life insurance, annuities, retirement plans and group medical plans. Symetra has more than two million customers, including 400,000 life insurance policy holders.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # - - - - - - 0
Sell (0.0/yr) # 2 - - - - - 2
  2

Most Recent M&A

Company Date Value Type
Signator Financial Services, Inc. 2013-10-01 - Divestiture
Bellevue, Washington · www.signatorfinancialservices.com
Symetra Investment Services, Inc 2013-10-01 - Divestiture
Bellevue,, Washington
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Business Services - - 1 (50%) -
Financial Services - - 1 (50%) -
Total - - 2 -

By Geo

State/Country Buy Value Sell Value
United States - - 2 -
  Washington - - 2 -
Total - - 2 -

M&A Connections

Deals
Divested to
Strategic(s)
100%
2 (100%)

Company Summary

SECTOR

Insurance

Revenue

2,139   2013
(millions of USD)

Employees

1,230

Established

1957

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