State Auto Financial Corporation, through its subsidiaries, engages in writing personal and business insurance products in the United States. It operates through Personal Insurance, Commercial Insurance, and Investment Operations segments. The Personal Insurance segment primarily provides personal automobile, homeowners, and other personal insurance products. The commercial insurance segment primarily provides commercial automobile, commercial multi-peril, fire and allied, general liability, and workers' compensation insurance covering small-to-medium sized commercial exposures in the commercial insurance market, as well as farm and ranch insurance products. The Investment Operations segment provides investment management services to affiliated insurance companies. The company markets its products primarily through independent agencies, including retail agencies and wholesale brokers. The company was founded in 1950 and is headquartered in Columbus, Ohio. State Auto Financial Corporation operates as a subsidiary of State Automobile Mutual Insurance Company, Inc.
IPO Year: 1991
Exchange: NASDAQ
Website: stateauto.com
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Merger activity increased last week with six new deals announced and six deals completed. Three of the six new deals announced were potential deals in the works. Healthcare Trust of America (NYSE:HTA) Founded in 2006, Healthcare Trust of America is a healthcare focused REIT and the largest operator of dedicated medical office buildings (MOB) in the United States. The company owns real estate though 461 on-campus and off-campus properties around hospitals and Universities in 32 states. We added HTA to our ‘Deals in the Works‘ tool on October 6, 2021, when Bloomberg reported that activist investor Elliott Investment Management was pushing for the company to launch a strategic review that inc
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BOSTON, March 1, 2022 /PRNewswire/ -- Liberty Mutual Insurance has completed the acquisition of State Auto Group, a super-regional property and casualty insurance holding company headquartered in Columbus, Ohio that distributes personal and small commercial coverages in 33 states through approximately 3,400 independent agents. More than 2,000 State Auto employees will join Liberty Mutual's Global Retail Markets US business unit. Through the mutual transaction and merger, originally announced in July, Liberty Mutual adds $2.3 billion in premium and becomes the second-largest ca
State Auto Financial Corporation (NASDAQ:STFC) announced that Steven E. English, senior vice president and chief financial officer, intends to retire after a 21-year career with the company. An executive search firm has been retained to assist in identifying a successor. English will remain with the company through Dec. 31, 2021, to ensure an orderly transition of duties. English joined State Auto in 2001 as part of the company's affiliation with Meridian Insurance Group, where he served as chief financial officer and treasurer. Prior to joining Meridian in 2000, English was vice president of planning for Conseco, having begun his career with Coopers & Lybrand in 1982. English is a graduat
NEW YORK & LOS ANGELES--(BUSINESS WIRE)--RMG Acquisition Corp. (the “Company”) announced the nomination of Paul Williams for election at a special meeting of stockholders of the Company to serve on the board of directors of the combined company upon consummation of the previously announced merger between the Company and Romeo Systems, Inc. (“Romeo Power”). Prior to his retirement in 2018, Mr. Williams served as a Partner and Managing Director of Major, Lindsey & Africa, LLC, an executive recruiting firm, where he conducted searches for board members, CEOs and senior legal executives from 2005 to 2018. He also served as Director of Global Diversity Search, assisting legal organizati
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BOSTON, March 1, 2022 /PRNewswire/ -- Liberty Mutual Insurance has completed the acquisition of State Auto Group, a super-regional property and casualty insurance holding company headquartered in Columbus, Ohio that distributes personal and small commercial coverages in 33 states through approximately 3,400 independent agents. More than 2,000 State Auto employees will join Liberty Mutual's Global Retail Markets US business unit. Through the mutual transaction and merger, originally announced in July, Liberty Mutual adds $2.3 billion in premium and becomes the second-largest ca
State Auto Financial Corporation (NASDAQ:STFC) ("State Auto") today announced the intention of Liberty Mutual Insurance ("Liberty Mutual") to appoint Kim Garland, currently senior vice president of personal & commercial lines and managing director of State Auto Labs, as president of State Auto following the completion of Liberty Mutual's pending acquisition. The deal is expected to close in 2022, pending receipt of required regulatory approvals and other customary closing conditions. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211209005143/en/Kim Garland, who will become president of State Auto following the completion of its
Today the board of directors of State Auto Financial Corporation (NASDAQ:STFC) declared a regular quarterly cash dividend of $0.10 per share, payable Dec. 28, 2021, to shareholders of record at the close of business on Dec. 15, 2021. This is the 122nd consecutive quarterly cash dividend declared by the company's board since STFC had its initial public offering of common stock in 1991. 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 insuranc
Shareholders overwhelmingly approve the proposed merger State Auto Financial Corporation (NASDAQ:STFC) today announced the results of shareholder voting on its proposed merger agreement with Liberty Mutual Holding Company Inc. (LMHC). STFC shareholders voted overwhelmingly to adopt the proposed merger agreement with 99.5% of shares voted (including abstentions) in favor of the proposal to adopt the merger agreement. The deal is expected to close in 2022, pending State Automobile Mutual Insurance Company member approval, receipt of required regulatory approvals and other customary closing conditions. About State Auto Financial Corporation State Auto Financial Corporation, headquartered
Today the board of directors of State Auto Financial Corporation (NASDAQ:STFC) declared a regular quarterly cash dividend of $0.10 per share, payable Sept. 27, 2021, to shareholders of record at the close of business on Sept. 15, 2021. This is the 121st consecutive quarterly cash dividend declared by the company's board since STFC had its initial public offering of common stock in 1991. 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 insura
The following is State Auto Financial Corporation Chairman, President and CEO Mike LaRocco's response to today's announcement from A.M. Best Company: "On Monday, we announced a definitive agreement to be acquired by Liberty Mutual . A.M. Best's decision affirms our belief that our partnership with Liberty Mutual will contribute to the collective success of our associates, policyholders, shareholders and agents. Together, there's a great opportunity to profitably grow and deliver even greater scale by expanding our geographic footprint, operations, product expertise and digital capabilities. About State Auto Financial Corporation State Auto Financial Corporation, headquartered in Columbus
AM Best has placed under review with positive implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "a-" (Excellent) of State Automobile Mutual Insurance Company (SAM) and its operating subsidiaries. Concurrently, AM Best has placed under review with positive implications the Long-Term ICR of "bbb-" (Good) of SAM's intermediate holding company, State Auto Financial Corporation (STFC) (NASDAQ:STFC). All of the above companies are headquartered in Columbus, OH. (See below for a listing of the companies.) The Credit Ratings (ratings) of SAM and its operating subsidiaries have been placed under review with positive implications
BOSTON and COLUMBUS, Ohio, July 12, 2021 /PRNewswire/ -- Liberty Mutual Holding Company Inc. ("Liberty Mutual"), State Automobile Mutual Insurance Company ("State Auto Mutual"), and State Auto Financial Corporation (NASDAQ:STFC) ("State Auto Financial") announced today that they have signed a definitive agreement pursuant to which Liberty Mutual would acquire State Auto Group, a super-regional insurance holding company headquartered in Columbus, Ohio. Under the terms of the agreement, State Auto mutual members will become mutual members of Liberty Mutual and Liberty Mutual will acquire all of the publicly held shares of common stock of State Auto Financial for $52 per share in cash.
State Auto Financial Corporation (NASDAQ:STFC) will discuss its second quarter 2021 results in a conference call on Thursday, Aug. 5, 2021, at 11 a.m. ET. The company plans to release its results on Aug. 5, 2021, before the open of regular trading on the Nasdaq Stock Market. WHAT: STFC second quarter 2021 earnings conference call WHEN: Thursday, Aug. 5, 2021, at 11 a.m. ET HOW: Webcast at http://www.StateAuto.com/STFC REPLAY: Available via the link above approximately one hour after the call ends CONTACT: Natalie Schoolcraft, 614-917-4341 About State Auto Financial Corporation State Auto Financial Corporation, headquartered in Columbus, Ohio,
Today the board of directors of State Auto Financial Corporation (NASDAQ:STFC) declared a regular quarterly cash dividend of $0.10 per share, payable June 25, 2021, to shareholders of record at the close of business on June 10, 2021. This is the 120th consecutive quarterly cash dividend declared by the company's board since STFC had its initial public offering of common stock in 1991. 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 insuranc