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Last $23.91 USD
Change Today 0.00 / 0.00%
Volume 25.0K
As of 8:10 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

state auto financial corp (STFC) Snapshot

Open
$23.88
Previous Close
$23.91
Day High
$24.00
Day Low
$23.58
52 Week High
04/7/15 - $25.70
52 Week Low
11/19/14 - $19.36
Market Cap
983.0M
Average Volume 10 Days
25.6K
EPS TTM
$2.27
Shares Outstanding
41.1M
EX-Date
03/17/15
P/E TM
10.5x
Dividend
$0.40
Dividend Yield
1.67%
Current Stock Chart for STATE AUTO FINANCIAL CORP (STFC)

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state auto financial corp (STFC) Details

State Auto Financial Corporation, through its subsidiaries, engages in writing personal, business, and specialty insurance products. It operates through four segments: Personal insurance, Business insurance, Specialty insurance, and Investment operations. The Personal insurance segment primarily provides personal automobile and homeowners insurance products to the personal insurance market. The Business insurance segment offers commercial automobile, commercial multi-peril, fire and allied lines, and general liability insurance covering small-to-medium sized commercial exposures in the business insurance market. The Specialty insurance segment provides commercial coverages, including workers’ compensation that require specialized product underwriting, claims handling, and/or risk management services. The Investment operations segment offers investment management services to affiliated insurance companies. The company markets its insurance products primarily through independent agencies, which include retail agencies and wholesale brokers in the United States. State Auto Financial Corporation was founded in 1950 and is headquartered in Columbus, Ohio. State Auto Financial Corporation is a subsidiary of State Automobile Mutual Insurance Company.

2,274 Employees
Last Reported Date: 03/3/15
Founded in 1950

state auto financial corp (STFC) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $821.9K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $447.2K
Senior Vice President of Specialty Lines
Total Annual Compensation: $372.7K
Senior Vice President, Secretary and General ...
Total Annual Compensation: $357.7K
Chief Sales Officer and Senior Vice President
Total Annual Compensation: $357.7K
Compensation as of Fiscal Year 2014.

state auto financial corp (STFC) Key Developments

State Auto Financial Corporation Announces Executive Changes

The boards of directors of State Auto Financial Corporation and State Automobile Mutual Insurance Company announced the hiring of Michael E. LaRocco, 58, effective April 27, 2015. His duties as president and chief executive officer will commence on May 8, 2015. Current President, CEO and Chairman Robert P. Restrepo Jr. will work closely with LaRocco during the transition and remain as chairman until his retirement on Dec. 31, 2015. Michael E. LaRocco, who will become State Auto Financial Corporation as President and CEO on May 8, 2015. During LaRocco’s more than 35 years in the property and casualty insurance industry, he’s led large national carriers and formed a technology startup. His insurance career began with management and executive roles at Progressive and GEICO. He joined Safeco Insurance Companies in 2001 to lead their personal lines business and was later named president and COO. In 2008, he was named president and CEO of Fireman’s Fund Insurance Company. LaRocco most recently served as president and CEO of AssureStart.

State Auto Financial Corporation Declares Regular Quarterly Cash Dividend, Payable March 30, 2015

The board of directors of State Auto Financial Corporation declared a regular quarterly cash dividend of $0.10 per share, payable March 30, 2015, to shareholders of record at the close of business on March 19, 2015.

State Auto Financial Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

State Auto Financial Corporation reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, net premiums written were $356.7 million against $253.4 million last year. Total revenue was $295.7 million against $289.7 million last year. Loss before federal income taxes was $17.1 million against income before federal income taxes of $16.3 million last year. Net income was $65.4 million or $1.58 per diluted share against net income of $16.4 million or $0.40 per basic and diluted share for the fourth quarter of 2013. Net income from operations per diluted share for the fourth quarter 2014 was $1.53 against net income from operations per basic and diluted share of $0.28 last year. Net income from operations was $63.4 million against $11.6 million last year. Fourth quarter results benefited from low catastrophe levels, exceptionally good property results in all segments and continued improvement in the personal auto line on a year-over-year basis. For the year, net premiums written were $1,194.2 million against $1,062.1 million last year. Total revenue was $1,172.7 million against $1,153.0 million last year. Income before federal income taxes was $26.8 million against income before federal income taxes of $61.3 million last year. Net income was $107.4 million or $2.60 per diluted share against net income of $60.8 million or $1.49 per diluted share last year. Net income from operations per diluted share was $2.28 against $1.12 last year. Net income from operations was $93.9 million against $45.7 million last year. Both the quarter and full year results include the impact of the reversal of the deferred tax asset valuation allowance. Book value was $21.32 per share as of December 31, 2014 against $19.27 at December 31, 2013. Return on stockholders’ equity was 13.0% compared to 8.0% last year.

 

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Industry Analysis

STFC

Industry Average

Valuation STFC Industry Range
Price/Earnings 9.2x
Price/Sales 0.8x
Price/Book 1.1x
Price/Cash Flow 9.2x
TEV/Sales 0.7x
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