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Jim Pirak
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Symetra Financial Corp. Files Registration Statement for Initial Public Offering

Bellevue, Wash. — (June 29, 2007) — Symetra Financial Corporation (Symetra) announced today it has filed a registration statement on Form S-1 with the Securities and Exchange Commission for a proposed initial public offering of common stock. These shares will be offered by existing stockholders of Symetra. Symetra is owned by an investor group led by White Mountains Insurance Group, Ltd. and Berkshire Hathaway Inc.

Symetra will apply to list its shares on the New York Stock Exchange under the symbol “SYA.”

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Symetra

Symetra has a half-century of experience providing retirement plans, employee benefits, annuities and life insurance through independent advisors and agents nationwide. The company has approximately $20 billion in assets and is owned by an investor group led by White Mountains Insurance Group, Ltd. and Berkshire Hathaway Inc. For more information, visit Symetra’s website at www.symetra.com.

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Symetra® and the Symetra Financial logo are registered service marks of Symetra Life Insurance Company, 777 108th Avenue NE, Suite 1200, Bellevue, WA 98004.