Company Profile
Symetra
Company Overview
Symetra is a dynamic and growing financial services company with 60 years of experience and customers nationwide. In our daily work delivering retirement, employee benefits, and life insurance products, we're guided by the principles of VALUE, TRANSPARENCY AND SUSTAINABILITY. That means we provide products and services people need at a competitive price, we communicate clearly and honestly so people understand what they're getting, and we build products that stand the test of time. We work hard and do what's right for our customers, communities and employees. Join our team and share in our success as we work toward becoming the next national player in our industry
Company History
1957 - The companies that would eventually become Symetra Financial begin as life insurance and investments subsidiaries of a Seattle-based Fortune 500 insurance company.
1959 - Enters the group insurance business.
1967 - Total amount of insurance in force passes the $1 billion mark.
1976 - Helps pioneer Medical Stop Loss insurance.
1982 - Begins offering universal life insurance.
1983 - Expands its Medical Stop Loss business with the acquisition of third-party administrator Employee Benefit Consultants Inc.
1984 - Tops $1 billion in assets.
1986 - Reaches $2 billion in assets.
1987 - Enters the New York market with the establishment of the company now known as First Symetra National Life Insurance Company of New York
1989 - Leads the way in automatic income distribution options.
1995 - Reaches $10 billion in assets.
1997 - Grows its individual life and fixed deferred annuity business with the acquisition of American States Life and WM Life.
1999 - Acquires $120 million of group Medical Stop Loss from ING. Three years later, it acquires another $225 million from Swiss Re.
2004 - Becomes an independent company when it is purchased by an investor group led by White Mountains Insurance Group, Ltd., and Berkshire Hathaway Inc.
2007 - Further strengthens its Medical Stop Loss business with the acquisition of Medical Risk Managers Inc. Celebrates its 50th anniversary.
2008 - Surpasses $2 billion in total sales.
2010 - Symetra begins trading on the New York Stock Exchange.
2016- Symetra becomes a wholly owned subsidiary of Sumitomo Life
Benefits
We also offer our employees discounts on:
Symetra products, Fitness clubs, Computers/Software , Entertainment , Household, Personal Wireless, Travel