State Auto Financial Reports Estimate of Second Quarter Storm Activity Impact
July 18 2012 - 3:30PM
Business Wire
State Auto Financial Corporation (Nasdaq:STFC) today announced
its preliminary estimate of the impact of catastrophe losses on its
second quarter results. The company estimates second quarter 2012
results will include between $33 million and $36 million in pre-tax
net catastrophe losses.
During the quarter ended June 30, 2012, 13 catastrophe events in
the United States were identified by Property Claim Service (PCS).
STFC’s catastrophe losses were primarily related to two events:
wind and hail activity affecting the Louisville, Ky., and St.
Louis, Mo., areas in late April and, to a lesser extent, wind
activity from a storm event in the Midwest and Mid-Atlantic states
at the end of June.
STFC expects to release its second quarter 2012 results on
Thursday, Aug. 2, 2012, before the open of regular trading on the
Nasdaq Stock Market, and discuss its second quarter results in a
conference call at 10:00 a.m. ET. The call is being webcast by
Thomson Reuters and can be accessed at
http://www.StateAuto.com/STFC. The webcast is also being
distributed through the Thomson Reuters StreetEvents Network.
Individual investors can listen to the call at
http://www.earnings.com/.
State Auto Financial Corporation, headquartered in Columbus,
Ohio, is a super regional property and casualty insurance holding
company and is proud to be a Trusted Choice® company partner. STFC
stock is traded on the NASDAQ Global Select Market, which
represents the top third 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,
State Auto Florida, Milbank, Farmers Casualty, Meridian Security,
Meridian Citizens Mutual, Beacon National, Beacon Lloyds, Patrons
Mutual, Litchfield Mutual Fire, 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/.
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