State Auto Financial Reports Impact of Storm Activity
April 08 2021 - 6:00PM
Business Wire
State Auto Financial Corporation (Nasdaq:STFC) today announced
its preliminary estimate of the impact of catastrophe losses on its
first quarter 2021 results. The company estimates the first quarter
results will include net catastrophe losses including reinsurance
reinstatement premiums between approximately $80 million to $82
million. The estimate includes $66 million of net catastrophe
losses from winter storms Uri and Viola, a significant portion of
which related to the State of Texas.
STFC expects to release its first quarter 2021 results on
Thursday, May 6, 2021, before the open of regular trading on the
Nasdaq Stock Market and discuss its first quarter results in a
conference call on Thursday, May 6, 2021 at 11:00 a.m. ET. The call
can be accessed via webcast at http://www.StateAuto.com/STFC.
About State Auto Financial Corporation
State Auto Financial Corporation, headquartered in Columbus,
Ohio, is a super regional property and casualty insurance holding
company. STFC stock is traded on the Nasdaq Global Select Market,
which represents the top fourth of all Nasdaq listed companies.
The insurance subsidiaries of State Auto Financial Corporation
are part of the State Auto Group. The State Auto Group markets its
insurance products throughout the United States, through
independent insurance agencies, which include retail agencies and
wholesale brokers. The State Auto Group is rated A- (Excellent) by
the A.M. Best Company and includes State Automobile Mutual, State
Auto Property & Casualty, State Auto Ohio, State Auto
Wisconsin, Milbank, Meridian Security, Patrons Mutual, Rockhill
Insurance, Plaza Insurance, American Compensation and Bloomington
Compensation. Additional information on State Auto Financial
Corporation and the State Auto Insurance Companies can be found
online at http://www.StateAuto.com/STFC.
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version on businesswire.com: https://www.businesswire.com/news/home/20210408005959/en/
State Auto Financial Corporation
Media contact: Kyle Anderson, 614-917-5497
Kyle.Anderson@StateAuto.com or Investor contact: Natalie
Schoolcraft, 614-917-4341 Natalie.Schoolcraft@StateAuto.com
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