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Last $24.61 USD
Change Today +0.09 / 0.37%
Volume 338.1K
SYA On Other Exchanges
Symbol
Exchange
Berlin
New York
As of 8:04 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

777 108th Avenue NE

Suite 1200

Bellevue, WA 98004

United States

Phone: 425-256-8000

Fax:

Symetra Financial Corporation operates as a financial services company in the life insurance industry. The company manages its business through three divisions composed of four business segments. Benefits Division The Benefits division, which is also reported as the Benefits segment, provides medical stop-loss insurance, group life and disability income insurance, and limited benefit medical insurance as its principal products. As a multi-line carrier, the Benefits division offers employment-based benefits products and services targeted primarily at employers, unions and public agencies. These products and services include medical stop-loss insurance, and accidental death and dismemberment insurance. The company’s customers are primarily small and mid-sized employers that use knowledgeable employment-based benefits brokers, consultants and insurance company representatives who understand their financial needs and employee profiles. Medical Stop-Loss The company provides medical stop-loss insurance to employers that self-fund their employee health plans. The company’s product helps employers to manage health expenses by reimbursing individual claim amounts above a certain dollar deductible and by reimbursing aggregate claims above total dollar thresholds. In addition, the company offers underwriting services and consulting through its managing general underwriter. The company’s medical stop-loss product and services are targeted primarily at entities with 200 to 5,000 employees. Medical stop-loss represented approximately 83% of Benefits division premiums in 2014. Group Life and Disability Income The company’s group term life insurance product provides benefits in the event of an insured employee’s or dependent’s death. The company offers basic and supplemental benefits for group term life. It also offers optional accidental death and dismemberment coverage as a supplement to its term life insurance policies. The company’s group short- and long-term disability income insurance protects an employee against loss of income due to illness or injury. Its group short-term disability income coverage generally provides benefits for up to 26 weeks following a short waiting period. The company’s group long-term disability income coverage provides benefits following a longer waiting period and provides benefits throughout prolonged periods of disability. The company utilizes an advocacy-based approach to claims management, which focuses on providing personalized administrative and clinical support. It also offers absence management services for fully insured policyholders. The company continues to invest in its infrastructure for its growing group life and disability income business. This includes continued development of the company’s administration and leave management systems, which provide integrated claim administration abilities across its products and allow for flexibility in plan design. Limited Benefit Medical The company’s limited benefit medical insurance is a fixed indemnity plan sold to employers as health coverage for employees not otherwise eligible to participate in major medical plans, including employees that are part-time, seasonal or temporary workers. Distribution The company sells its employment-based benefits products through various types of distributors, including third party administrator, brokers, consultants and administrative services only insurance carriers. Retirement Division The Retirement division, which is reported as the Deferred Annuities and Income Annuities segments, provides single-premium fixed deferred annuities (fixed annuities, including fixed indexed annuities), single premium immediate annuities and variable deferred annuities as its principal products. The company’s Retirement Division provides products that help its customers prepare for retirement. Deferred Annuities The company’s Deferred Annuities segment offers fixed deferred annuities, including traditional and fixed indexed annuity, and variable deferred annuities to consumers who want to accumulate tax-deferred assets for retirement. The fixed or variable classification descri

 

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SYA Competitors

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Company Last Change
American Equity Investment Life Holding Co $26.68 USD -0.54
American National Insurance Co $104.71 USD -0.50
Kemper Corp $39.11 USD -0.19
Primerica Inc $45.22 USD -0.47
StanCorp Financial Group Inc $76.12 USD -0.40
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Industry Analysis

SYA

Industry Average

Valuation SYA Industry Range
Price/Earnings 13.1x
Price/Sales 1.3x
Price/Book 0.8x
Price/Cash Flow 13.1x
TEV/Sales 0.6x
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