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Symetra Financial (Symetra Financial) Net-Net Working Capital : $-272.52 (As of Sep. 2015)


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What is Symetra Financial Net-Net Working Capital?

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.

Symetra Financial's Net-Net Working Capital for the quarter that ended in Sep. 2015 was $-272.52.

The industry rank for Symetra Financial's Net-Net Working Capital or its related term are showing as below:

SYA's Price-to-Net-Net-Working-Capital is not ranked *
in the Insurance industry.
Industry Median: 4.845
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Symetra Financial Net-Net Working Capital Historical Data

The historical data trend for Symetra Financial's Net-Net Working Capital can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Symetra Financial Net-Net Working Capital Chart

Symetra Financial Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -193.99 -209.26 -215.81 -230.28 -254.60

Symetra Financial Quarterly Data
Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -251.48 -254.60 -258.93 -263.48 -272.52

Competitive Comparison of Symetra Financial's Net-Net Working Capital

For the Insurance - Life subindustry, Symetra Financial's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Symetra Financial's Price-to-Net-Net-Working-Capital Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Symetra Financial's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Symetra Financial's Price-to-Net-Net-Working-Capital falls into.



Symetra Financial Net-Net Working Capital Calculation

Symetra Financial's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2014 is calculated as

Net-Net Working Capital(A: Dec. 2014 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(158.8+0+0.75 * 0+0.5 * 0-29641.1
-0-0)/115.797
=-254.60

Symetra Financial's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2015 is calculated as

Net-Net Working Capital(Q: Sep. 2015 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(182.7+0+0.75 * 0+0.5 * 0-31836.7
-0-0)/116.154
=-272.52

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.

In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

This is a conservative way of estimating the company's value.


Symetra Financial  (NYSE:SYA) Net-Net Working Capital Explanation

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.


Symetra Financial Net-Net Working Capital Related Terms

Thank you for viewing the detailed overview of Symetra Financial's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.


Symetra Financial (Symetra Financial) Business Description

Traded in Other Exchanges
N/A
Address
Symetra Financial Corp was incorporated in 2004 under the laws of Delaware. It is a financial services company in the life insurance industry. Its products are distributed domestically in all states and the District of Columbia, through benefits consultants, financial institutions, and independent agents and advisers. The Company manages its business through three divisions, namely The Benefits division, which includes the Benefits segment, provides medical stop-loss insurance, group life and disability income (DI) insurance, and limited benefit medical insurance as its principal products; The Retirement division, which includes the Deferred Annuities and Income Annuities segments, provides single-premium fixed deferred annuities (fixed annuities, including fixed indexed annuities), variable deferred annuities and single premium immediate annuities (SPIAs) as its principal products; The Individual Life Division, which includes the Individual Life segment, offers retail products, such as universal life (UL) and term life insurance, and products sold to institutions, including bank-owned life insurance (BOLI) and variable corporate-owned life Insurance (COLI), as its principal products. The Company faces significant competition for customers and distributors from insurance and other non-insurance financial services companies, such as banks, broker-dealers and asset managers, in each of its businesses. The Company's insurance operations are subject to a wide variety of laws and regulations.
Executives
Warren E Buffett 10 percent owner 3555 FARNAM ST, STE 1440, OMAHA NE 68131
Berkshire Hathaway Inc 10 percent owner 3555 FARNAM STREET, OMAHA NE 68131
Thomas M Marra director, officer: President, CEO HARTFORD LIFE INC, 200 HOPMEADOW STREET, SIMSBURY CT 06089
Peter S Burgess director 88 SHERWOOD DRIVE, GLASTONBURY CT 06033
Sander M. Levy director C/O VALIDUS HOLDINGS, 48 PAR-LA-VILLE ROAD, SUITE 1790, HAMILTON HM11 D0 HM11
Lowndes Andrew Smith director C/O WHITE MOUNTIAN INSURANCE GROUP, 80 S MIAN ST, HANOVER NH 03755
Robert R Lusardi director C/O WHITE MOUNTAINS INSURANCE GROUP, LTD, 80 SOUTH MAIN STREET, HANOVER NH 03755
General Reinsurance Corp 10 percent owner
General Re Corp 10 percent owner 120 LONG RIDGE RD., STAMFORD CT 06902
David Thomas Foy director C/O WHITE MOUNTAINS INSURANCE GROUP LTD, 80 SOUTH MAIN STREET, HANOVER NH 03755
Randall H Talbot other: Former Director & Pres/CEO 777 108TH AVENUE NE, SUITE 1200, BELLEVUE WA 98124-1690

Symetra Financial (Symetra Financial) Headlines

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