COLUMBUS, Ohio--(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/.
State Auto Financial Corporation
Larry Adeleye
AVP/Director,
Treasury and Finance
614-917-5108 F 614-887-1074
Larry.Adeleye@StateAuto.com
or
Kyle
Anderson
AVP/Director of Corporate Communication
614-917-5497
M 614-477-5301
Kyle.Anderson@StateAuto.com
or
For
additional information:
StateAuto.com/STFC
facebook.com/StateAuto
twitter.com/Stateauto
Source: State Auto Financial Corporation
| Copyright: | Copyright Business Wire 2012 |
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