CHICAGO & BELLEVUE, Wash.--(BUSINESS WIRE)--Jun 30, 2025-- Dearborn Group, one of the nation’s largest ancillary benefits providers, and Symetra Life Insurance Company, a national provider of life, retirement and employee benefit insurance products, today announced a definitive agreement under which Symetra will acquire Dearborn’s group life and disability (L&D) business through a reinsurance transaction and enter into a product distribution arrangement with Dearborn Group’s parent company, Health Care Service Corporation (HCSC), a Mutual Legal Reserve Company. The transaction is expected to close in the second half of 2025, pending applicable regulatory approvals and other customary closing conditions. This press release features multimedia.
Dearborn Group and Symetra Reach Agreement on Acquisition of Dearborn Group’s Life & Disability Business