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White Mountains Insurance Group, Ltd. Message Board

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  • <<What is SYA?>>

    It's Symetra Financial. A smallish Life Insurance company in WA. It is a $9 stock. Market cap $1.25 billion. And has a book value around $17 I recall. That is why WT owns it. They own a lot of warrants, as well as 26 milliion shares. That is 21% of the company. warren Buffet also owns the exact same, 21%. They did a deal together on it. here are three largest owners SYA:

    Berkshire Hathaway Inc.(2)(3)
    26,887,872 21.0 %
    White Mountains Insurance Group, Ltd.(2)(4)
    26,887,872 21.0
    Franklin Mutual Advisers, LLC(5)
    10,542,146 8.9

    I'm surprised noone has made a bid for SYA. yes, life Ins not a very good area now in low rate envirnment. But still? Stock is $9 and book value (breakup??) around $17? Thats a big haircut.

    I got back into WTM $443- $444. But it moved up fast, so I sold again at $456...then it went above $460. i'm worried that WTM might try a big deal. I posted befpre about AGO. A BOD member resigned from WTM, because he and WTM were working on a "deal". the BOD guy used to head AGO. AGO is a deep value stock. It's gone from $10 to $15.75 in 45 days. Book is around $25 a share. It is WTM's kind of thing and they have money now.

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