A Timeline of Symetra: Celebrating Milestones in their Journey

Introduction

Symetra, a renowned insurance and financial services company, has made tremendous strides in its journey since its inception. In this blog post, we will take you through a captivating timeline, highlighting some of the significant milestones that have shaped Symetra’s success over the years.

The Early Years: Founding and Growth

1990: The Birth of Symetra

Symetra was founded in 1990 as a subsidiary of Safeco Corporation. It began its operations with a focus on employee benefits, including group medical, life, and disability insurance.

1999: Initial Public Offering

In 1999, Symetra became a publicly-traded company, offering shares of stock to the general public. This marked a significant milestone in the company’s journey, opening up new opportunities for growth and expansion.

Expansion and Diversification

2004: Acquisition of Medical Stop Loss Business

Symetra further diversified its portfolio by acquiring the medical stop loss business from Zurich American Insurance Company. This strategic move allowed Symetra to broaden its offerings and cater to a wider range of client needs.

2010: Acquisition by Sumitomo Life

In 2010, Symetra caught the attention of Sumitomo Life, a leading Japanese insurance company, which acquired Symetra for $2.5 billion. This partnership provided Symetra with increased financial strength and global reach, fueling its expansion even further.

Technology and Innovation

2014: Launch of Symetra Edge

Symetra Edge, an innovative online benefits management platform, was introduced in 2014. This platform revolutionized the way employers and employees interacted with their benefits, simplifying the process and enhancing user experience.

2017: Introduction of Symetra True VA

Symetra True VA, a groundbreaking variable annuity product, was launched in 2017. The product combined the benefits of an annuity with the flexibility and control of investment options, providing customers with a unique solution for their retirement needs.

Recognition and Awards

2018: Symetra Receives J.D. Power Certification

In 2018, Symetra earned the prestigious J.D. Power certification for exceptional customer service and satisfaction. This recognition affirmed Symetra’s commitment to providing top-notch service to its policyholders.

2020: Fortune 1000 Ranking

Symetra achieved another milestone in 2020 by making it to the Fortune 1000 list of America’s largest companies. This accolade reflected Symetra’s steady growth and success in the industry.

Frequently Asked Questions

Q: Where is Symetra headquartered?

Symetra is headquartered in Bellevue, Washington, USA.

Q: Does Symetra offer individual insurance policies?

Yes, Symetra offers a range of individual life insurance policies, including term life, universal life, and indexed universal life.

Q: Can I find job opportunities at Symetra?

Absolutely! Symetra is always on the lookout for talented individuals to join their team. You can visit their official website to explore current job openings and apply.

Q: What sets Symetra apart from other insurance companies?

Symetra stands out for its exceptional customer service, commitment to innovation, and a diverse portfolio of insurance and investment products. Their dedication to meeting the unique needs of their clients makes them a preferred choice in the market.

Conclusion

Symetra’s remarkable journey is a testament to their hard work, dedication, and commitment to excellence. As they continue to evolve and expand, one thing remains constant – their unwavering focus on delivering value to their customers. With each milestone achieved, Symetra advances towards a brighter and more prosperous future.