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.
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