 In January 2020, Symetra Financial Corporation announced it established an investment subsidiary, Symetra Investment Management Company (SIM).Sumitomo Life, Symetra’s Japan-based parent company, completed its first $500 million investment through a corporate bond fund in December 2019.The standalone entity will focus on managing money for Symetra’s corporate parent and the Sumitomo Life Insurance Co to invest in US-based assets.