{"id":13300,"date":"2026-05-29T19:59:00","date_gmt":"2026-05-29T17:59:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=d79c237101b101ce88216e93d7e6c090"},"modified":"2026-05-29T19:59:00","modified_gmt":"2026-05-29T17:59:00","slug":"am-best-affirms-credit-ratings-of-symetra-financial-corporation-and-its-subsidiaries","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=13300","title":{"rendered":"AM Best Affirms Credit Ratings of Symetra Financial Corporation and Its Subsidiaries"},"content":{"rendered":"

OLDWICK, N.J.--(BUSINESS WIRE)--#insurance<\/a>--AM Best <\/b>has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of \u201ca+\u201d (Excellent) of Symetra Life Insurance Company and its subsidiary, First Symetra National Life Insurance Company of New York (New York, NY), together referred to as Symetra Life Group. Concurrently, AM Best has affirmed the Long-Term ICR of \u201cbbb+\u201d (Good) of Symetra Life Group\u2019s parent, Symetra Financial Corporation. The outlook of these Credit Ratings (ratings) is stable. All companies are headquartered in Bellevue, WA, unless otherwise specified.<\/p><\/a><\/a>

\nThe ratings reflect Symetra Life Group\u2019s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, favorable business profile and appropriate enterprise risk management (ERM).<\/p>

\nAM Best views Symetra Life Group\u2019s risk-adjusted capitalization as very strong, as measured by Best\u2019s Capital Adequacy Ratio (BCAR), with financial support afforded by the ultimate parent, Sumitomo Life Insurance Company. The ultimate parent continues to support the group\u2019s strategic initiatives with capital when needed. This was evident in the successful acquisition of Dearborn Group\u2019s life and disability business through a reinsurance transaction. Symetra Life Group has shown continued growth in premiums over the years in its life and retirement businesses, and with the recent acquisition, its workforce benefits division will accelerate in growth.<\/p>

\nOffsetting these strengths is Symetra Life Group\u2019s strong top-line growth, which can put a strain on capital and surplus, as well as the group\u2019s increasing reliance on affiliated offshore reinsurance that may need additional support if growth continues at this pace.<\/p>

\nAM Best views Symetra Life Group\u2019s ERM as being matched to the scope of its operation, while adjusting to changing market conditions. Continued product innovation and its favorable business profile continue to be a positive factor in its overall ratings.<\/p>

\nThis press release relates to Credit Ratings that have been published on AM Best\u2019s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best\u2019s <\/b>Recent Rating Activity<\/b><\/a> web page. For additional information regarding the use and limitations of Credit Rating opinions, please view <\/b>Guide to Best's Credit Ratings<\/b><\/a>. For information on the proper use of Best\u2019s Credit Ratings, Best\u2019s Performance Assessments, Best\u2019s Preliminary Credit Assessments and AM Best press releases, please view <\/b>Guide to Proper Use of Best\u2019s Ratings & Assessments<\/b><\/a>.<\/b><\/p>

\nAM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit <\/b>www.ambest.com<\/b><\/a>.<\/b><\/p>

\nCopyright \u00a9 2026 by A.M. Best Rating Services, Inc. and\/or its affiliates. ALL RIGHTS RESERVED.<\/b><\/p> Contacts<\/b>

\nOmar Mostafa<\/b>Senior Financial Analyst<\/b>+1 908 882 1684<\/b>omar.mostafa@ambest.com<\/a>\nStephen Vincent<\/b>Associate Director<\/b>+1 908 882 1705<\/b>stephen.vincent@ambest.com<\/a>\nChristopher Sharkey<\/b>Associate Director, Public Relations<\/b>+1 908 882 2310<\/b>christopher.sharkey@ambest.com<\/a>\nAl Slavin<\/b>Senior Public Relations Specialist<\/b>+1 908 882 2318<\/b>al.slavin@ambest.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"

OLDWICK, N.J.–(BUSINESS WIRE)–#insurance–AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of \u201ca+\u201d (Excellent) of Symetra Life Insurance Company and its subsidiary, First Syme…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-13300","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/13300","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13300"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/13300\/revisions"}],"predecessor-version":[{"id":13301,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/13300\/revisions\/13301"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}