New York, August 12, 2015 -- Moody's Investors Service has placed on review for upgrade the Baa3 senior debt and Ba1 (hyb) junior subordinated debt ratings of Symetra Financial Corporation (Symetra; NYSE: SYA) as well as the A3 long-term and P-2 short-term insurance financial strength (IFS) ratings of Symetra's key life insurance operating subsidiary, Symetra Life Insurance Company (Symetra Life). The rating action follows the announcement by Sumitomo Life Insurance Company (Sumitomo Life, A1 IFS, stable) of its proposed acquisition of all the outstanding stock of Symetra for $3.7 billion of cash in a transaction expected to close in the first half of 2016, subject to regulatory and shareholder approvals.

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