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Symetra Reports Second Quarter 2013 Results

Stocks in this article: SYA

Symetra Financial Corporation (NYSE: SYA) today reported second quarter 2013 net income of $45.0 million, or $0.34 per diluted share, compared with $43.8 million, or $0.32 per diluted share, in second quarter 2012.

Adjusted operating income was $51.4 million, or $0.39 per diluted share, compared with $47.2 million, or $0.34 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 $   45.0       $   43.8 $   111.0       $   119.2
Per Diluted Share of Common Stock $ 0.34 $ 0.32 $ 0.82 $ 0.86
Adjusted Operating Income $ 51.4 $ 47.2 $ 101.8 $ 106.5
Per Diluted Share of Common Stock         $   0.39       $   0.34       $   0.75       $   0.77

“Our Deferred Annuities business turned in a strong second quarter, and outstanding fixed indexed annuity sales drove account value growth. We saw flat year-over-year operating income in Benefits, improved results in Individual Life, and an earnings decline in Income Annuities. All in all, Symetra posted a solid second quarter performance,” said Tom Marra, Symetra president and CEO.

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