M&A Deal Summary

Symetra Financial Acquires Dearborn Group’s Life & Disability Business

On June 30, 2025, Symetra Financial acquired insurance company Dearborn Group’s Life & Disability Business

Acquisition Highlights
  • This is Symetra Financial’s 1st transaction in the Insurance sector.
  • This is Symetra Financial’s 1st transaction in the United States.
  • This is Symetra Financial’s 1st transaction in Illinois.

M&A Deal Summary

Date 2025-06-30
Target Dearborn Group’s Life & Disability Business
Sector Insurance
Buyer(s) Symetra Financial
Deal Type Divestiture

Target

Dearborn Group’s Life & Disability Business

Lombard, Illinois, United States
Dearborn Group’s Life & Disability Business offers insurance for life, short-term disability, and long-term disability.

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Buyer(S) 1

Buyer

Symetra Financial

Bellevue, Washington, United States

Category Company
Founded 1957
Sector Insurance
Employees1,230
Revenue 2.1B USD (2013)
DESCRIPTION
Symetra's corporate headquarters in Bellevue, Washington.
Symetra's corporate headquarters in Bellevue, Washington.

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.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-01 Signator Financial Services

Bellevue, Washington, United States

Signator Financial Services, Inc. is a dual registered broker-dealer/registered investment adviser.

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