Symetra Financial Cancels IPO

Symetra Financial Corp., a Bellevue, Wash.-based life insurance company, has withdrawn registration for its IPO. It had officially postponed the offering nearly a year ago.


The company had filed to sell 39.5 million common shares at between $19 and $20 per share, and planned to trade on the NYSE. Underwriters included Merrill Lynch, Goldman Sachs, JPMorgan and Lehman Brothers. Shareholders include Vestar Capital Partners, Och-Ziff Capital Management, Highfields Capital Management, Caxton Associates, White Mountains Insurance Group and Berkshire Hathaway.