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Originally published April 23, 2014 at 5:48 PM | Page modified April 24, 2014 at 12:56 PM

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Symetra shares hit high on strong earnings

Shares of Bellevue-based Symetra Financial rose Wednesday after the insurance and investment company reported better-than-expected first-quarter results.


Seattle Times business reporter

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Shares of Bellevue-based Symetra Financial rose Wednesday after the insurance and investment company reported better-than-expected first-quarter results.

Symetra earned $79.3 million, or 68 cents per share, in the first quarter, up from $66 million, or 48 cents per share, in the same period a year ago.

Symetra, which sells annuities, medical insurance and life insurance, had total revenue of $545.5 million for the first quarter, down from $557.1 million from last year.

During the first quarter, Symetra repurchased 1.4 million shares.

Its shares closed Wednesday at $20.69, up 37 cents in after-hour trading — a 52-week high.

Coral Garnick: 206-464-2422 or cgarnick@seattletimes.com. On Twitter @coralgarnick



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