Symetra Financial Reports Q4 EPS of $.35 vs. $.33

Symetra Financial Corp. SYA today reported fourth quarter 2010 net income of $62.2 million, or $0.45 per diluted share. This compares with $32.1 million, or $0.29 per diluted share, in fourth quarter 2009. For full-year 2010, Symetra produced net income of $200.9 million, or $1.48 per diluted share, compared with $128.3 million, or $1.15 per diluted share, in 2009. Adjusted operating income1 was $48.0 million, or $0.35 per diluted share, in fourth quarter 2010, compared with $32.7 million, or $0.29 per diluted share, in the same period a year ago. For full-year 2010, Symetra generated adjusted operating income of $175.2 million, or $1.29 per diluted share, compared with $147.9 million, or $1.32 per diluted share, in 2009.