# Symetra

> Symetra Financial Corporation is a Bellevue, Washington insurer founded in 1957 as a Safeco unit and now owned by Japan's Sumitomo Life. It builds and sells life insurance, fixed and indexed annuities, and employer group benefits - including medical stop-loss - to roughly 2.5 million customers through independent advisors, brokers and financial institutions. The pitch is old-fashioned: price risk carefully, pay claims reliably, keep products understandable, and stay boring enough that a policyholder can forget about it for thirty years.

- **Founded:** 1957
- **Headquarters:** Bellevue, Washington, United States
- **Founders:** Safeco Corporation (Original parent (founded Symetra's predecessor life unit in 1957)), Randall Talbot (Former President & CEO who led the company through its 2004 independence and 2010 IPO)
- **Team size:** Approximately 2,000-2,900 employees
- **Products:** Life Insurance, Annuities, Employee Benefits, Medical Stop-Loss, Symetra Investment Management
- **Notable:** Surpassed $1 billion of insurance in force by 1967 and $10 billion in total assets by 1995., Completed an initial public offering on the New York Stock Exchange in 2010., Acquired by Sumitomo Life for approximately $3.8 billion in 2016.

## Products & services

- **Life Insurance** — Term, universal and indexed universal life policies sold to individuals and families through independent advisors.
- **Annuities** — Fixed, fixed indexed and income annuities aimed at retirement savings and guaranteed lifetime income.
- **Employee Benefits** — Group life, disability income, supplemental health and absence management for employers and their brokers.
- **Medical Stop-Loss** — Excess-loss coverage that protects self-funded employers against catastrophic health claims - a core growth line.
- **Symetra Investment Management** — Investment arm established in 2020 to manage U.S.-based assets, including for parent Sumitomo Life.

## Achievements

- Surpassed $1 billion of insurance in force by 1967 and $10 billion in total assets by 1995.
- Completed an initial public offering on the New York Stock Exchange in 2010.
- Acquired by Sumitomo Life for approximately $3.8 billion in 2016.
- Holds strong financial strength ratings, including A (Excellent) from AM Best.
- Became a founding partner of the NHL's Seattle Kraken in 2021.
- Serves roughly 2.5 million customers across life, retirement and benefits.

## Latest updates

- **2026-05** — AM Best most recent affirmation of Symetra's credit ratings noted as May 2026.
- **2025-02** — Moody's rating affirmation dated February 2025.
- **2024-04** — AM Best affirmed the credit ratings of Symetra Financial Corporation and its subsidiaries.

## Links

- Website: https://www.symetra.com
- LinkedIn: https://www.linkedin.com/company/symetra
- Twitter/X: https://twitter.com/symetra
- YouTube: https://www.youtube.com/user/symetra
- Instagram: https://www.instagram.com/symetra
- Facebook: https://facebook.com/Symetra

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Profile page: https://yespress.io/symetra
Published by YesPress — https://yespress.io
Last updated: 2026-08-13