Symetra Financial Corporation

Symetra Financial Corporation is a diversified financial services company headquartered in Bellevue, Washington. Established in 1957, the company's core business revolves around providing retirement solutions, life insurance, and employee benefits. Its mission is to help individuals and businesses achieve their financial goals, create secure retirements, protect their families, and access essential workplace benefits, striving to simplify the often-complex insurance industry.

Symetra offers a comprehensive suite of products and services across three main divisions: Retirement, Benefits, and Individual Life. Key offerings include various annuities (fixed deferred, fixed indexed, registered index-linked, and single premium immediate), a range of life insurance products (term, universal, indexed universal, variable universal, and bank-owned), and employee benefits such as medical stop-loss insurance, group life and disability income insurance, absence management, and group voluntary benefits like accident, critical illness, and hospital indemnity. These products are distributed through a national network of independent agents, financial professionals, benefits consultants, and financial institutions.

Under the leadership of President and CEO Margaret Meister, Symetra maintains a strong market position, characterized by financial stability and a diversified product portfolio. In recent news, the company completed the acquisition of Dearborn Group's life and disability business in October 2025, a move expected to significantly expand its annualized premium and covered lives in the group benefits sector. This acquisition was supported by a substantial capital infusion from its parent company, Sumitomo Life Insurance Company. Symetra also marked its 50th year as a stop-loss leader in January 2026 and continues to enhance its annuity offerings. The company has been recognized as a Fortune Best Workplace in Financial Services & Insurance for three consecutive years and was named to the 2025 PEOPLE Companies That Care List, reflecting its commitment to employees and community engagement.