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State Auto Financial (STFC) Company Profile

Updated Feb 14, 2020
State Auto Financial has the following business profile:
Company's Full Name:State Auto Financial Corporation
Short Name:State Auto Financial
Trading Ticker Symbol:STFC
Primary Exchange:NASDAQ
Headquarter City/Country:Ohio, OH
Primary Industry Sector:Finance
Seconday Sub-sector:Property-Casualty Insurers
Main Business Areas: Finance, Property-Casualty Insurers, Financial Services, Property & Casualty Insurance
Dividend Payments:Dividend History

Market and Trading Information for State Auto Financial

The following details were available for trading and market data about the stock of State Auto Financial as of writing:
Current Share Price:$30.63
Previous Year's Closing Price:$31.02
Percentage Price Change (YTD):-1.26%
Market Cap:$1.35 billion
52-week Price Range:$28.1 - $36.45
Dividend Per Share:$0.4
EPS (TTM):0.69
Price-Earnings (Trailing):44.33
Price-Earnings (Forward):18.56

Company Profile and Business Description for State Auto Financial

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.

518 E Broad St

Peer / Competitor Companies of Property-Casualty Insurers Sector

Along with State Auto Financial Corporation, the following other peer (competitor) companies also exist within the same Property-Casualty Insurers - Finance sector whose company profile and dividend history is as follows:

▶ 1347 Property Insurance (PIH): 1347 Property Insurance Holdings, Inc., incorporated on October 2, 2012, is a holding company. The Company, through its subsidiaries, is engaged providing property and casualty insurance. The Company offers homeowners ....See Detailed Company Profile,  Dividend History

▶ Alleghany (Y): Alleghany Corporation, incorporated on November 16, 1984, is an insurance holding company. The Company, through its subsidiary Alleghany Insurance Holdings LLC (AIHL) and its subsidiaries, is engaged in the property ....See Detailed Company Profile,  Dividend History

▶ Allstate (ALL): The Allstate Corporation (Allstate), incorporated on November 5, 1992, is a holding company for Allstate Insurance Company. The Companys business is conducted principally through Allstate Insurance Company, Allstate Life Insurance ....See Detailed Company Profile,  Dividend History

▶ Ambac Financial (AMBC): Ambac Financial Group, Inc. (Ambac), incorporated on April 29, 1991, is a financial services holding company. The Company operates through two segments: Financial Guarantee and Financial Services. The Financial Guarantee ....See Detailed Company Profile,  Dividend History

▶ Ambac Financial (AMBCW): Ambac Financial Group, Inc., a financial services holding company, provides financial guarantees to public and private sector clients in the United States, the United Kingdom, Italy, Austria, Australia, France, and Internationally. It offers financial guarantee insurance policies; and credit derivative contracts and Interest rate derivative transactions. The company was incorporated in 1991 and is head....See Detailed Company Profile,  Dividend History

▶ American Financial (AFG): American Financial Group, Inc. (AFG), incorporated on July 1, 1997, is a holding company engaged primarily in property and casualty insurance businesses. The Company, through Great American Insurance Group, focuses ....See Detailed Company Profile,  Dividend History

▶ American Financial (AFGE): American Financial Group, Inc. (AFG), incorporated on July 1, 1997, is a holding company engaged primarily in property and casualty insurance businesses. The Company, through Great American Insurance Group, focuses ....See Detailed Company Profile,  Dividend History

▶ American Financial (AFGH): American Financial Group, Inc. (AFG), incorporated on July 1, 1997, is a holding company engaged primarily in property and casualty insurance businesses. The Company, through Great American Insurance Group, focuses ....See Detailed Company Profile,  Dividend History

▶ American International (AIG): American International Group, Inc. (AIG), incorporated on June 9, 1967, is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other ....See Detailed Company Profile,  Dividend History

▶ AMERISAFE (AMSF): Amerisafe, Inc., incorporated on October 28, 1985, is an insurance holding company. The Company is engaged in providing workers compensation insurance focused on small to mid-sized employers engaged in hazardous ....See Detailed Company Profile,  Dividend History

▶ Arch Capital (ACGL): Arch Capital Group Ltd. (ACGL), incorporated on September 22, 2000, provides insurance, reinsurance and mortgage insurance through its wholly owned subsidiaries. The Company provides a range of property, casualty and ....See Detailed Company Profile,  Dividend History

▶ Arch Capital (ACGLP): Arch Capital Group Ltd. (ACGL), incorporated on September 22, 2000, provides insurance, reinsurance and mortgage insurance through its wholly owned subsidiaries. The Company provides a range of property, casualty and ....See Detailed Company Profile,  Dividend History

▶ Assured Guaranty (AGO): Assured Guaranty Ltd., incorporated on August 21, 2003, is a holding company. The Company, through its subsidiaries, provides credit protection products to the United States and international public finance, including ....See Detailed Company Profile,  Dividend History

▶ Atlas Financial (AFH): Atlas Financial Holdings, Inc., incorporated on December 31, 2010, is a financial services holding company. The Company, through its subsidiaries, is engaged in the underwriting of commercial automobile insurance policies, ....See Detailed Company Profile,  Dividend History

▶ Axis Capital (AXS): AXIS Capital Holdings Limited, incorporated on December 9, 2002, is a holding company for the AXIS group of companies. The Company provides a range of specialty (re)insurance, through subsidiaries and ....See Detailed Company Profile,  Dividend History

▶ Blue Capital Reinsurance (BCRH): Blue Capital Reinsurance Holdings Ltd., incorporated on June 24, 2013, provides collateralized reinsurance in the property catastrophe market and invests in various insurance-linked securities. The Company conducts its operations through ....See Detailed Company Profile,  Dividend History

▶ Chubb (CB): Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. Its North America Commercial P&C Insurance segment offers commercial property, marine, general casualty,....See Detailed Company Profile,  Dividend History

▶ Cincinnati Financial (CINF): Cincinnati Financial Corporation, incorporated on March 4, 1992, is an insurance holding company. As of December 31, 2016, the Company was engaged in the business of property casualty insurance marketed ....See Detailed Company Profile,  Dividend History

▶ CNA Financial (CNA): CNA Financial Corporation, incorporated on September 8, 1967, is an insurance holding company. The Companys segments include Specialty, Commercial, International, Life & Group Non-Core, and Corporate & Other Non-Core. The ....See Detailed Company Profile,  Dividend History

▶ Conifer (CNFR): Conifer Holdings, Inc., incorporated on October 27, 2009, is an insurance holding company. Through its insurance company subsidiaries, the Company offers insurance coverage in both specialty commercial and specialty personal ....See Detailed Company Profile,  Dividend History

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