# Symetra > Mediated Wiki article. Canonical URL: https://mediated.wiki/source/Symetra > Markdown URL: https://mediated.wiki/source/Symetra.md > Source: https://en.wikipedia.org/wiki/Symetra > Source revision: 1299137436 > License: Creative Commons Attribution-ShareAlike 4.0 International (https://creativecommons.org/licenses/by-sa/4.0/) Not to be confused with [Symmetra](/source/Symmetra). **Symetra** is an American family of companies providing [retirement plans](/source/Retirement_plans_in_the_United_States), employee benefits, [annuities](/source/Annuity) and [life insurance](/source/Life_insurance) through independent distributors nationwide. The headquarters is in [Bellevue, Washington](/source/Bellevue,_Washington). ## History Started in 1957, Symetra Financial began as a subsidiary of [Safeco](/source/Safeco).[1] In 1967, the total amount of insurance in force for Symetra surpassed the $1 billion mark. By 1995, the total assets had grown to $10 billion. In 2004, Safeco sold its life insurance business to an investor group led by [White Mountains Insurance Group](/source/White_Mountains_Insurance_Group) and [Berkshire Hathaway](/source/Berkshire_Hathaway).[2] Symetra Financial was acquired in 2016 by Japanese insurer [Sumitomo Life](/source/Sumitomo_Life) for $3.8 billion.[3] The Japanese insurer was looking to expand its foothold on insurance especially as its Japanese market ages, increasing costs.[4] In January 2020, Symetra Financial Corporation announced it established an investment subsidiary, Symetra Investment Management Company (SIM). Sumitomo Life, Symetra's Japan-based parent company, completed its first $500 million investment through a corporate bond fund in December 2019. The standalone entity will focus on managing money for Symetra's corporate parent and the Sumitomo Life Insurance Co to invest in US-based assets.[5][6] ## Sponsorships Symetra and Women's All Pro Tour hosted the [Symetra Tour](/source/Symetra_Tour), which is known as the "Road to [LPGA](/source/LPGA)", from 2012 to 2021.[7][8] Players can earn a promotion to the LPGA by through qualifying school, winning three events in one season, or finishing in the top-10 on the tour.[9] Symetra Life Insurance is also the first founding partner and sponsor of Seattle's [National Hockey League](/source/National_Hockey_League) (NHL) expansion franchise, the [Seattle Kraken](/source/Seattle_Kraken), which began playing in October 2021.[10] In 2019, Symetra Life Insurance signed a 10-year marquee jersey badge sponsorship with the [Seattle Storm](/source/Seattle_Storm) ([WNBA](/source/WNBA)) team, the largest partnership in franchise history. The company negotiated a separate partnership with WNBA point guard [Sue Bird](/source/Sue_Bird), who appeared in a TV ad for the company's "Jibber Jabber" campaign.[11] ## References 1. ["Safeco Life completes transition to Symetra name"](https://www.bizjournals.com/seattle/stories/2004/08/30/daily21.html). *www.bizjournals.com*. Retrieved 2021-03-22. 1. Virgin, Bill & Reporter, Seattle Post-Intelligencer (4 August 2004). ["Safeco's former investment unit renamed Symetra"](https://www.seattlepi.com/business/article/Safeco-s-former-investment-unit-renamed-Symetra-1150840.php). *Seattle Post-Intelligencer* 1. Bray, Chad (August 11, 2015). ["Sumitomo Life of Japan to Buy Symetra Financial for $3.8 Billion"](https://www.nytimes.com/2015/08/12/business/dealbook/sumitomo-life-insurance-symetra-financial-deal.html). *The New York Times*. – via NYTimes.com. 1. Bray, Chad (11 August 2015). ["Sumitomo Life of Japan to Buy Symetra Financial for $3.8 Billion"](https://www.nytimes.com/2015/08/12/business/dealbook/sumitomo-life-insurance-symetra-financial-deal.html). *The New York Times*. – via NYTimes.com. 1. January 14, Allison Bell & PM, 2020 at 01:08. ["Symetra Forms Investment Management Unit"](https://www.thinkadvisor.com/2020/01/14/symetra-forms-investment-management-unit/). *ThinkAdvisor* 1. ["Symetra Financial unit to manage US investments for Sumitomo Life - Reinsurance News"](https://www.reinsurancene.ws/symetra-financial-unit-to-manage-us-investments-for-sumitomo-life/). January 10, 2020. 1. ["Symetra Tour, Women's All Pro Tour team to further developmental path"](https://golfweek.com/2018/12/11/symetra-tour-womens-all-pro-tour-unite-to-further-developmental-path/). *Golfweek*. 12 December 2018. 1. ["Meet the 2018 Symetra Tour graduates"](https://golfweek.com/2018/10/08/meet-the-2018-symetra-tour-graduates/). *Golfweek*. 8 October 2018. 1. DiVeronica, Jeff. ["Symetra Tour players struggle to make ends meet"](https://www.democratandchronicle.com/story/sports/golf/lpga/2017/07/20/symetra-tour-players-find-creative-ways-lessen-struggle-making-ends-meet/490079001/). *Rochester Democrat and Chronicle*. Retrieved 2019-11-19. 1. ["Bellevue-based Symetra life insurance becomes Seattle NHL team's first founding partner, sponsor"](https://www.seattletimes.com/sports/hockey/bellevue-based-symetra-life-insurance-becomes-seattle-nhl-teams-first-founding-partner-and-sponsor/). *The Seattle Times*. 2019-06-24. Retrieved 2019-11-19. 1. Glass, Alana (April 9, 2019). ["Seattle Storm, Symetra Join Forces With 10-Year Jersey Sponsorship Deal"](https://www.forbes.com/sites/alanaglass/2019/04/09/seattle-storm-symetra-join-forces-with-10-year-jersey-sponsorship-deal/#3939c6722883). *Forbes* ## External links - [Official website](https://www.symetra.com) --- Adapted from the Wikipedia article [Symetra](https://en.wikipedia.org/wiki/Symetra) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Symetra?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.