This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Symetra Reports Second Quarter 2012 Results

Symetra Financial Corporation (NYSE: SYA) today reported second quarter 2012 net income of $43.8 million, or $0.32 per diluted share. This compares with $58.1 million, or $0.42 per diluted share, in second quarter 2011. Symetra posted net realized investment losses of $6.4 million in second quarter 2012, compared with net gains of $14.1 million in the prior-year period. The decline in net income reflected lower gains on sales of fixed maturities and increased investment impairments.

Adjusted operating income was $47.2 million, or $0.34 per diluted share, in second quarter 2012, compared with $48.5 million, or $0.35 per diluted share, in the same period a year ago.
Summary Financial Results

Three Months Ended
Six Months Ended
(In millions, except per share data) June 30 June 30




Net Income $ 43.8 $ 58.1 $ 119.2 $ 111.6
Per Diluted Share of Common Stock $ 0.32 $ 0.42 $ 0.86 $ 0.81
Adjusted Operating Income $ 47.2 $ 48.5 $ 106.5 $ 92.2
Per Diluted Share of Common Stock                                 $ 0.34 $ 0.35               $ 0.77 $ 0.67

* Historical financial information has been restated to reflect retrospective adoption of a new accounting standard for

deferred acquisition costs on Jan. 1, 2012.

“Symetra turned in a solid operating performance and completed work on several key initiatives during the second quarter. While earnings were up year over year in Deferred Annuities and Income Annuities, they declined in the Benefits and Life segments, due in part to higher expenses related to new products and expanded distribution,” said Tom Marra, president and chief executive officer of Symetra.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.65 -0.66%
FB $101.93 0.92%
GOOG $681.92 -0.32%
TSLA $150.47 4.73%
YHOO $26.75 -1.30%


Chart of I:DJI
DOW 15,660.18 -254.56 -1.60%
S&P 500 1,829.08 -22.78 -1.23%
NASDAQ 4,266.8370 -16.7550 -0.39%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs