Last $24.11 USD
Change Today -0.065 / -0.27%
Volume 84.2K
SYA On Other Exchanges
Symbol
Exchange
Berlin
New York
As of 12:27 PM 08/28/14 All times are local (Market data is delayed by at least 15 minutes).

symetra financial corp (SYA) Snapshot

Open
$24.01
Previous Close
$24.17
Day High
$24.21
Day Low
$23.90
52 Week High
08/27/14 - $24.26
52 Week Low
08/30/13 - $17.07
Market Cap
2.8B
Average Volume 10 Days
248.1K
EPS TTM
$1.86
Shares Outstanding
115.9M
EX-Date
08/25/14
P/E TM
12.9x
Dividend
$0.40
Dividend Yield
1.62%
Current Stock Chart for SYMETRA FINANCIAL CORP (SYA)

symetra financial corp (SYA) Related Businessweek News

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symetra financial corp (SYA) Details

Symetra Financial Corporation, together with its subsidiaries, provides products and services that serve the retirement, employee benefits, and life insurance markets in the United States and the District of Columbia. The company operates through three divisions: Benefits, Retirement, and Individual Life. The Benefits division provides medical stop-loss, limited benefit medical, group life, accidental death and dismemberment, and disability income insurance products to employers, unions, and public agencies, as well as provides underwriting and consulting services. The Retirement division offers fixed and variable deferred annuities to consumers who accumulate tax-deferred assets for retirement; single premium immediate annuities to customers seeking a reliable source of retirement income or to protect against outliving their assets during retirement; and funding services options to structured settlement clients. The Individual Life division provides various individual life insurance products, such as term and universal life insurance; and institutional products, including bank-owned life insurance and variable corporate-owned life insurance. The company distributes its products through a network of benefits consultants, financial institutions, independent agents and advisers, third party administrators, employee benefits brokers, and consultants and administrative services only insurance carriers, as well as through brokerage general agents and specialty agents. Symetra Financial Corporation was founded in 1957 and is headquartered in Bellevue, Washington.

1,230 Employees
Last Reported Date: 02/25/14
Founded in 1957

symetra financial corp (SYA) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $525.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $400.0K
Executive Vice President of Retirement Divisi...
Total Annual Compensation: $635.0K
Senior Vice President of Benefits Division - ...
Total Annual Compensation: $435.0K
Executive Vice President of Benefits Division...
Total Annual Compensation: $376.9K
Compensation as of Fiscal Year 2013.

symetra financial corp (SYA) Key Developments

Symetra Financial Corporation Declares Cash Dividend on the Company's Stock, Payable on or About Sept. 12, 2014

Symetra Financial Corporation board of directors declared a cash dividend of $0.10 per share on the company's stock. The dividend will be payable on or about Sept. 12, 2014, to common shareholders of record as of the close of business on Aug. 27, 2014.

Symetra Financial Corporation Announces the Pricing of $250,000,000 Aggregate Principal Amount of Senior Notes Due 2024

Symetra Financial Corporation announced the pricing of its offering of $250,000,000 aggregate principal amount of Senior Notes due 2024. The senior notes will mature on July 15, 2024 and will have an interest rate of 4.25%. Interest will be paid semi-annually on January 15 and July 15 of each year beginning January 15, 2015. The senior notes will be sold pursuant to Symetra's shelf registration statement on file with the Securities and Exchange Commission. Proceeds from the senior notes are expected to be used for general corporate purposes, which may include but are not limited to working capital, capital expenditures, repayment of outstanding indebtedness, stock repurchases and dividends. The offering is expected to close on August 4, 2014, subject to customary closing conditions.

Symetra Financial Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reaffirms Earnings Guidance for the Full Year of 2014

Symetra Financial Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenues of $547.1 million, income from operations before income taxes of $83.2 million, net income of $71.5 million or $0.62 per basic and diluted share compared to the total revenues of $513.2 million, income from operations before income taxes of $55 million, net income of $45 million or $0.34 per basic and diluted share for the same quarter year ago. Adjusted operating income was $55.3 million or $0.48 per diluted share compared to the $52.7 million or $0.40 per diluted share for the same quarter year ago. For the six months period, the company reported total revenues of $1,092.6 million, income from operations before income taxes of $177.3 million, net income of $150.8 million or $1.29 per diluted share compared to the total revenues of $1,070.3 million, income from operations before income taxes of $138.4 million, net income of $111 million or $0.82 per diluted share for the same period year ago. Adjusted operating income was $121 million or $1.04 per diluted share compared to the $102.1 million or $0.75 per diluted share for the same period year ago. Adjusted book value per common share as on June 30, 2014 was $21.04 compared to the $19.95 as on June 30, 2013. And the operating return on average equity for 12-months ended June 30 was 9.4% compared with 8% for that same period a year ago. The company affirmed its guidance for adjusted operating income per diluted share of $1.80-$2.00 for full-year 2014. Among the factors that could drive actual results toward the upper end, middle or lower end of the guidance range are: changes in the interest rate environment; Benefits Division loss ratio; timing and levels of life and annuity sales; persistency of the inforce book of business; amount of issuance and yields on commercial mortgage loans; amount of prepayments in the investment portfolio; returns on alternative investment portfolio; mortality experience; and timing and amount of common stock buybacks. The company currently estimates that effective tax rate for the remainder of 2014 will be in the range of 14% to 15%.

 

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SYA

Industry Average

Valuation SYA Industry Range
Price/Earnings 10.9x
Price/Sales 1.3x
Price/Book 0.8x
Price/Cash Flow 10.8x
TEV/Sales 0.8x
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