Life Insurer To Go Public

Symetra Financial Corp. plans to make an initial public offering of common stock.

Symetra, Bellevue, Wash., says the IPO will include some stock that it owns and some held by existing stockholders. The stock to be sold will have a total value of about $575 million.

Symetra hopes to list its shares on the New York Stock Exchange under the symbol “SYA..."

National Underwriter: Life Insurer To Go Public