Symetra Financial (SYA) Tops Q1 EPS by 15c, Boosts Guidance

Symetra Financial (NYSE: SYA) reported Q1 EPS of $0.56, $0.15 better than the analyst estimate of $0.41. Revenue for the quarter came in at $545.5 million versus the consensus estimate of $531.12 million.

Revised 2014 Earnings Outlook

Symetra has raised its earnings outlook for the year to reflect better-than-expected results in the first quarter. The company now expects to generate adjusted operating income per diluted share of $1.80-$2.00 for full-year 2014 (Street sees$1.71). Among the factors that could drive actual results toward the upper end, middle or lower end of the guidance range are:

changes in the interest rate environment;
Benefits Division loss ratio;
timing and levels of life and annuity sales;
persistency of the in-force book of business;
amount of issuance and yields on commercial mortgage loans;
amount of prepayments in the investment portfolio;
returns on alternative investment portfolio;
mortality experience; and
timing and amount of common stock buybacks.

These expectations also are subject to the risks and uncertainties identified below, including the possibility that one or more factors could cause us to fall short of our expected range.

For earnings history and earnings-related data on Symetra Financial (SYA) click here.

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