Seeking Alpha

Symetra Financial Corporation (SYA)

  • Dec. 16, 2012, 3:56 AM
    Symetra Financial (SYA) has reportedly joined Apollo Global (APO) to bid for the U.S. unit of U.K. insurer Aviva (AV) and the companies could forge an agreement within days. However, Guggenheim Partners, which had joined Apollo in the bid, has dropped out. Any deal would come at a "substantial discount" to the subsidiary's book value, excluding debt, of £2.4B ($3.88B).
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SYA vs. ETF Alternatives
Company Description
Symetra Financial Corp is a life insurance company. Its products are distributed domestically in all states and the District of Columbia, through benefits consultants, financial institutions, and independent agents and advisers.
Sector: Financial
Industry: Life Insurance
Country: United States