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Dearborn Group and Symetra Reach Agreement on Acquisition of Dearborn Group’s Life & Disability Business
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Dearborn Group and Symetra Reach Agreement on Acquisition of Dearborn Group’s Life & Disability Business
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.