Credit Ratings of Symetra Financial Corporation and Subsidiaries Affirmed
May 22, 2025 - 19:32
OLDWICK, N.J., May 22, 2025—AM Best has confirmed the Financial Strength Rating of A (Excellent) for Symetra Life Insurance Company and its subsidiary, First Symetra National Life Insurance Company of New York. Collectively, these entities are known as Symetra Life Group. In addition, AM Best has reaffirmed the Long-Term Issuer Credit Ratings (ICR) of "a+" (Excellent) for both companies, reflecting their strong financial position and operational performance.
Furthermore, the Long-Term ICR of "bbb+" (Good) for Symetra Financial Corporation, the parent company of Symetra Life Group, has also been upheld. The outlook for these credit ratings remains stable, indicating a positive trajectory for the organization.
AM Best's ratings are based on a comprehensive assessment of various factors, including the companies' balance sheets, operating performance, and business profiles. This affirmation underscores Symetra's commitment to maintaining financial strength and stability in the competitive insurance market.
MORE NEWS
July 7, 2025 - 12:08
Navigating Financial Well-Being: Insights from Jatali Bellanton, PhDIn a recent discussion, Jatali Bellanton, PhD, an esteemed angel investor and neuropsychologist, offered valuable insights on managing finances while prioritizing mental health. She emphasized the...
July 6, 2025 - 19:26
Insights on Wealth Preservation from Financial Advisor LaVaisha DavisIn a recent interview, Wealth Advisor LaVaisha Davis shared her expertise on the crucial topic of preserving wealth across generations. Davis emphasized the importance of financial literacy as a...
July 6, 2025 - 02:43
Smart Strategies to Tackle Rising Costs from Inflation and TariffsAs inflation and tariffs continue to impact the economy, many individuals are feeling the pinch in their wallets. A financial expert has outlined five effective strategies to help consumers adjust...
July 5, 2025 - 10:39
Singapore Imposes $21.5 Million Fines on Global Banks for Major Money-Laundering SchemeIn a significant crackdown on financial misconduct, Singapore has levied penalties totaling $21.5 million against several global banks following the discovery of a vast money-laundering network....