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First Day of Business for Symetra Financial
Forty-seven-year-old company adopts new name today
REDMOND, WA
September 1, 2004
Symetra Financial, the Redmond, Wash.-based life insurance and investments
company, today celebrated its first day of business under a new name.
The sale of the former Safeco Corp. unit, Safeco Life & Investments,
closed on July 31, 2004.
The company has received approval in nearly all of the states in which
it operates to begin marketing its products and services under the
new name. The company also announced today the launch of its new Web
site, www.symetra.com.
"The sale is behind us, and momentum is already building as we
take our first steps today as Symetra Financial," said Randy
Talbot, president and CEO of Symetra Financial Corp. "Although
our name is new, we have all the advantages of being a well-capitalized,
financially strong business built on the foundation of a proud 47-year
history of performance."
Symetra Financial, formerly Safeco Life & Investments, represents
a team of affiliated insurance and financial services companies, including
Symetra Life Insurance Co. (Redmond, Wash.). Symetra Life Insurance
Co., formerly Safeco Life Insurance Co. (est. 1957) has grown to a
company with 2 million customers, more than 1,200 employees and more
than $22 billion in GAAP assets as of June 30, 2004. Together, Symetra
Financial and its 20,000 independent agents and advisors provide annuities,
life insurance, group employee benefits and retirement plans to customers
throughout the Unites States.
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