United States

Profile: State Auto Financial Corp (STFC.O)

STFC.O on Nasdaq

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State Auto Financial Corporation (State Auto Financial), incorporated on April 18, 1990, is a property and casualty insurance holding company. The Company is engaged in writing personal, business and specialty insurance. The Company's segments include Personal Insurance Segment, Commercial Insurance Segment and Specialty Insurance Segment. Its Personal Insurance Segment include personal auto, homeowners and other personal; Commercial Insurance Segment include commercial auto, small commercial package, middle market commercial, workers' compensation and other commercial, and Specialty Insurance Segment include Excess & Surplus (E&S) property, E&S casualty and programs. State Auto Financial's subsidiaries include State Auto Property & Casualty Insurance Company (State Auto P&C), Milbank Insurance Company (Milbank) and State Auto Insurance Company of Ohio (SA Ohio), each of which is a property and casualty insurance company, and Stateco Financial Services, Inc., (Stateco), which provides investment management services to affiliated insurance companies. The Company's personal insurance, business insurance and specialty insurance are known as insurance segments of the Company.

The Company's claims division supports its insurance segments through an emphasis on investigation of claims, settlement of meritorious claims for equitable amounts, maintenance of adequate case reserves for claims, sharing of relevant information and control of external claims adjustment expenses. In addition to its internal claims adjusters, the Company utilizes third party claims administrators (TPAs) to investigate, process and settle certain specialty insurance segment claims on the Company's behalf. State Automobile Mutual Insurance Company (State Auto Mutual) is a mutual property and casualty insurance company, which holds interest in State Auto Financial.

Personal and Business Insurance

The Company writes standard insurance covering personal exposures to individuals in the personal insurance segment. It offers primary coverages, such as personal auto, homeowners, and farm and ranch. As of December 31, 2016, the Company marketed its personal and business insurance through approximately 2,600 retail agencies. The Company writes insurance covering small-to-medium sized commercial exposures in the business insurance segment. The Company offers a range of coverages, which include commercial auto, commercial multi-peril, business owners, fire and allied, general liability and workers' compensation.

Specialty Insurance

The Company offers commercial coverages that require product underwriting, claims handling and/or risk management services through a distribution channel of retail agents and wholesale brokers, which includes program administrators and other sources. The Company offers its specialty products through a distribution channel of retail agents and wholesale brokers, including program administrators and other specialty sources. The Company's specialty insurance products are written through its admitted and non-admitted insurers. The Company's units within the specialty insurance segment are Excess & Surplus (E&S) property, Excess & Surplus (E&S) casualty, and Programs.

The Company's E&S property unit markets and underwrites property exposures, primarily in the Gulf, Southeast and West regions of the United States. It leverages individual risk catastrophe modeling, underwriters, underwriting guidelines and rating plans. The E&S property unit offers coverages, such as property and general liability. The Company's E&S casualty unit markets and underwrites commercial exposures that have insurance requirements. This includes classes of commercial business, which requires customized rates and forms, along with customized insurance programs for homogeneous groups of exposures. The E&S property unit offers coverages, including commercial auto, healthcare, umbrella, property and general liability. The Company's Programs unit markets and distributes business through program managers to whom the Company has outsourced underwriting and policy administration. The Program business consists of homogenous risks that require underwriting and claims. The Programs unit offers coverages, including commercial auto, general liability and property.

Investment Operations

The Company's investment portfolio is managed by its subsidiary, Stateco, which provides investment services. Stateco performs investment management services for both the Company and State Auto Mutual, and all subsidiaries and affiliates. Stateco invests in fixed maturities, large-cap equities and small-cap equity funds, and outside investment managers to invest in small-cap equities and international funds. Its investments in fixed maturities, equity securities and certain other invested assets are held as available-for-sale.

Company Address

State Auto Financial Corp

518 E Broad St
COLUMBUS   OH   43215-3901
P: +1614.4645000
F: +1614.4645374

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