Symetra Financial (SYA) Tops Q3 EPS by 2c
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Symetra Reports Third Quarter 2015 Results
October 27, 2015 4:10 PM EDTSales were up year-over-year across the Benefits, Retirement and Individual Life divisions; Retirement achieved a second consecutive quarter of over $1 billion in sales. Benefits loss ratio of 63.7% came in favorable to the target range, on a larger premium base. Deferred Annuities account values grew to $17.1 billion, from $14.8 billion a year ago, driving continued growth in investment margin. Prepayment income, net of related amortization, was $18.4 million, compared with $5.1 million in third quarter 2014. Net realized losses (pretax), including mark-to-market losses, were $56.4 million, compared with $14.8... More
