After 2 years plus,SYA went public...Zillow(r/estate) may go IPO in 2011,believe it will be a winner also...CASH is boss,as some here have stated before...1/2/3% beats nothing or @ loss,imo...Meanwhile,in this downturn,which looks continuing,CASH looks better than ever...GLTA...
Doubled my position today in my IRA for SYA-paid 9.91 per share.BRK owns 15% of it and the company trades at less than 50% of its book value.http://www.fool.com/investing/general/2012/02/03/symetra-financial-beats-analyst-estimates-on-eps.aspxhttp://seekingalpha.com/article/183399-white-mountains-and-berkshire-hathaway-backed-symetra-financial-goes-public
SYA trades over 20 now and IRA #2 still owns a good size position.
Trading at 15.3 today and I believe it will continue to rise because life insurance companies should benefit from higher interest rates.
Current diluted book value is 18.3 per share-note Berkshire and White Mountain both own large blocks of warrants that convert into the common shares
Symetra Financial Corporation Increases Cash Dividend to $0.07 per Share.---2/28 newsIt's up 5% today but I'm not sure why?