Washington-based Symetra Financial Corp. on Thursday announced the pricing of its initial public offering at $12-a-share the lower end of anticipated price range of $12 to $ 14.

Life insurer Symetra sold 30.4 million shares, raising around $365 million. That was 3.4 million more shares than the company originally planned to sell.

Company’s shares will trade on the New York Stock Exchange under the symbol SYA.

It was the largest local IPO since Clearwire raised $600 million in March 2007.

Symetra’s suffered a fall in revenue and profit in 2008, when credit and stock markets tumbled. However, figures improved in the first nine months of 2009, when revenue jumped by 15 per cent.

Symetra Financial Corp. is owned by Warren Buffett’s Berkshire Hathaway conglomerate and White Mountains Insurance Group.