Last $23.44 USD
Change Today -0.1199 / -0.51%
Volume 148.5K
SYA On Other Exchanges
Symbol
Exchange
Berlin
New York
As of 3:09 PM 09/23/14 All times are local (Market data is delayed by at least 15 minutes).

symetra financial corp (SYA) Snapshot

Open
$23.55
Previous Close
$23.56
Day High
$23.72
Day Low
$23.39
52 Week High
09/3/14 - $24.91
52 Week Low
09/23/13 - $17.51
Market Cap
2.7B
Average Volume 10 Days
465.7K
EPS TTM
$1.86
Shares Outstanding
115.9M
EX-Date
08/25/14
P/E TM
12.6x
Dividend
$0.40
Dividend Yield
1.66%
Current Stock Chart for SYMETRA FINANCIAL CORP (SYA)

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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 Enters into a $400.0 Million Senior Unsecured Revolving Credit Agreement

On August 28, 2014, Symetra Financial Corporation entered into a $400.0 million senior unsecured revolving credit agreement with the lenders party thereto, JPMorgan Chase Bank, N.A., as Administrative Agent, Wells Fargo Bank, National Association and U.S. Bank National Association, as Co-Syndication Agents, BMO Harris Bank, N.A. and SunTrust Bank, as Co-Documentation Agents, and J.P. Morgan Securities LLC, Wells Fargo Securities, LLC and U.S. Bank National Association, as Lead Arrangers and Bookrunners. The Credit Agreement also provides access to up to an additional $100.0 million of financing through an expansion feature under which the aggregate commitment of the lenders or additional lenders thereto may be increased up to $500.0 million, subject to the availability of additional commitments. The Credit Agreement is set to mature on August 28, 2019. The revolving credit facility is available to provide support for working capital, capital expenditures, and other general corporate purposes, including permitted acquisitions, issuance of letters of credit, refinancing outstanding indebtedness and payment of fees in connection with the Credit Agreement. The Credit Agreement provides for a five-year revolving credit facility pursuant to which revolving credit loans and letters of credit may be provided to the company, as applicable, from time to time. The Credit Agreement also provides for the extension of swing line loans to the company. Borrowings under the Credit Agreement will bear interest, at the company's option, at a variable annual rate based on adjusted LIBO or the alternate base rate (ABR") plus, in each case, an applicable margin, provided that each swing line loan will bear interest based upon ABR. Under the terms of the Credit Agreement, the Company is required to maintain certain financial ratios. In particular, each of the Company's material insurance subsidiaries must maintain a risk-based capital ratio of at least 225%, measured at the end of each year, and the company's debt-to-capitalization ratio, excluding AOCI, may not exceed 35%, measured at the end of each quarter. In addition, the company has agreed to other covenants restricting the ability of its subsidiaries to incur additional indebtedness, its ability to create liens, and its ability to change its fiscal year and to enter into new lines of business, as well as other customary affirmative covenants.

Symetra Financial Corporation Presents at Keefe, Bruyette, & Woods, Inc.'s Annual Insurance Conference, Sep-03-2014 11:05 AM

Symetra Financial Corporation Presents at Keefe, Bruyette, & Woods, Inc.'s Annual Insurance Conference, Sep-03-2014 11:05 AM. Venue: The Crowne Plaza Times Square, 1605 Broadway, New York, New York, United States. Speakers: Margaret Alice Meister, Chief Financial Officer, Principal Accounting Officer and Executive Vice President.

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.

 

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