The Board of Directors of Symetra Financial Corporation (NYSE:SYA) authorized a share repurchase program on February 1, 2013. Under the program, the company will repurchase up to 10,000,000 shares of its common stock. The repurchases may be made from time to time in the open market, in accelerated stock buyback arrangements, in privately negotiated transactions or otherwise. The company expects the repurchase program will give greater flexibility to execute its capital ... management plans in 2013. The timing and amount of any stock repurchases will be based on market conditions and other considerations. The program may be modified, extended or terminated by the Board of Directors at any time. Till March 31, 2013, the company has repurchased 309,000 shares for $4.16 million. As of May 17, 2013, the company has repurchased 6,398,999 shares for $85.95 million. On May 21, 2013, the board of directors authorized the expansion of its current stock repurchase program up to a total of 16 million shares of the company’s outstanding common stock.
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