Fitch affirms Symetra

Fitch Ratings said it affirmed its ratings on Symetra Financial Corp. The affirmation includes the A- issuer default rating and the BBB+ and BBB- ratings on the company's two outstanding debt issues.

The agency also affirmed the A+ insurer financial strength rating of the company's lead life insurance subsidiary, Symetra Life Insurance Co. The outlook is stable.

Fitch said the ratings reflect the company's solid balance sheet, consistent earnings, moderate financial leverage and lower risk products. Additional strengths include the company's well-distributed sources of revenue and earnings from its main operating segments and good competitive position in the group medical stop-loss market and fixed annuities sold through banks.

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