Symetra

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Symetra

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