Filed Under:Annuities, Fixed Indexed

Symetra and Ameriprise Earnings Decline in the Third Quarter

Earnings for Symetra Financial and Ameriprise Financial declined from the year-ago period, the companies reported on Thursday.

Symetra Financial Corp., Bellevue, Wash. (NYSE: SYA), reported third quarter 2011 net income of $11.1 million, or $0.08 per diluted share. This compares with $56.6 million, or $0.41 per diluted share, in third quarter of 2010. Net realized investment losses of $56.8 million (pretax), primarily from mark-to-market accounting of the company’s equity investments, drove the decline in third quarter 2011 net income, the company says.

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Nichole Morford

Nichole Morford
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