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Re: loniee post# 9

Wednesday, 01/27/2010 10:20:45 PM

Wednesday, January 27, 2010 10:20:45 PM

Post# of 83
Symetra Financial Corp. Announces Closing of Initial Public Offering




Symetra Financial Corporation (NYSE: SYA) today closed its previously announced initial public offering of 30,400,000 shares of common stock at $12 per share. The offering consisted of 20,699,510 primary shares sold by Symetra, and 9,700,490 secondary shares sold by existing stockholders. The underwriters exercised their over-allotment option and purchased an additional 4,560,000 primary shares of common stock at the public offering price

Including the shares purchased as a result of the exercise of the over-allotment option, Symetra sold 25,259,510 shares in the offering for net primary proceeds of approximately $282.5 million. Symetra now has 117,988,965 total shares of common stock outstanding

Symetra intends to use the net primary proceeds from the offering for general corporate purposes, which may include contributions of capital to its insurance and other subsidiaries

BofA Merrill Lynch, J.P. Morgan, Goldman, Sachs & Co., and Barclays Capital acted as joint book-running managers for the offering. A copy of the final prospectus relating to the offering may be obtained from BofA Merrill Lynch, 4 World Financial Center, New York, New York 10080, Attention: Prospectus Department, or by emailing prospectus.requests@ml.com; from J.P. Morgan Securities Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by calling (866) 803-9204; from Goldman, Sachs & Co., Attention: Prospectus Department, 85 Broad Street, New York, New York 10004, or by calling (866) 471-2526, or by facsimile at (212) 902-9316, or by emailing prospectus-ny@ny.email.gs.com; or from Barclays Capital, c/o Broadridge, Integrated Distribution Services, 1155 Long Island Avenue, Edgewood, New York 11717, or by calling (888) 603-5847, or by emailing Barclaysprospectus@broadridge.com

A registration statement relating to the initial public offering of Symetra’s common stock was declared effective by the Securities and Exchange Commission (the “SEC”) on Jan. 21, 2010. Copies of the registration statement can be accessed through the SEC’s website at www.sec.gov. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction

About Symetra Financial Symetra Financial Corporation (NYSE: SYA) is a diversified financial services company based in Bellevue, Wash. In business since 1957, Symetra provides employee benefits, annuities and life insurance through a national network of benefits consultants, financial institutions and independent agents and advisors