Symetra Financial Corp. (SYA) reported first-quarter net income of $75.4 million, or $0.55 per share, compared to $53.5 million, or $0.39 per share in same quarter last year.
Adjusted operating income rose to $59.3 million or $0.43 per share from $43.7 million, or $0.32 per share in the prior year quarter. On average, ten analysts polled by Thomson Reuters expected the company to report earnings of $0.32 per share. Analysts' estimates typically exclude special items.
Total revenues for the quarter rose to $543.0 million from $491.2 million in the comparable quarter last year, while four analysts had consensus revenue estimate of $510.33 million for the quarter.
Looking ahead, the company revised its guidance for full-year 2012 adjusted operating income per share to a range of $1.35 to $1.50.
Analysts currently expect the company to report earnings of $1.33 per share for fiscal 2012.
by RTT Staff Writer
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