symetra financial corp (SYA:New York)
symetra financial corp (SYA) Key Developments
The board of directors of Symetra Financial Corporation declared a cash dividend of $0.08 per share on the company's stock. The dividend will be payable on or about May 30, 2013 to common shareholders and warrant holders of record as of the close of business on May 16, 2013.
Symetra Financial Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported total revenues of $557.1 million, income from operations before income taxes of $83.4 million and net income of $66.0 million or $0.48 per basic and diluted share compared to total revenues of $543.0 million, income from operations before income taxes of $101.3 million and net income of $75.4 million or $0.55 per basic and diluted share for the same period a year ago. Adjusted operating income was $50.4 million compared with $59.3 million in the same period a year ago. Book value per share as at March 31, 2013 was $26.10. Adjusted book value as at March 31, 2013 was $2,311.1. ROE was 5.6% against 7.6% a year ago. Operating ROAE was 7.9% against 10.0% a year ago. For the year 2013, the company affirmed its earlier earnings guidance, with expected adjusted operating income per diluted share of $1.30 to $1.50.
2013 Annual Meeting of Stockholders
Symetra Financial Corporation announced that they will report Q1, 2013 results at 5:00 PM, Eastern Standard Time on Apr 24, 2013
Symetra Financial Corporation, Q1 2013 Earnings Call, Apr 25, 2013
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Industry Analysis
SYA
Industry Average
| Valuation | SYA | Industry Range |
| Price/Earnings | 9.4x |
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| Price/Sales | 0.9x |
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| Price/Book | 0.5x |
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| Price/Cash Flow | 8.1x |
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| TEV/Sales | 0.2x |
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