Symetra
Ownership Period:
2004 – 2016
Headquarters:
Bellevue, Washington
Sector:
Life Insurance
Symetra is a provider of employee benefits, annuities and life insurance in the U.S. Symetra was acquired by Sumitomo Life in 2016.
Investment highlights:
- Led buyout of Safeco Life from Safeco Corporation in 2004; rebranded as Symetra
- Investor group included Berkshire Hathaway and Vestar Capital
- Chaired board of directors for duration of investment; managed investment portfolio and hired ex-Hartford executive Tom Marra as CEO
- Initial public offering in 2010
- Acquired by Sumitomo Life in 2016