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.

Company profile
Ticker
STFC
Exchange
Website
CEO
Michael E. LaRocco
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
State Auto Property and Casualty Insurance Company • Stateco Financial Services, Inc. • Milbank Insurance Company • State Auto Insurance Company • 518 Property Management and Leasing, LLC ...
IRS number
311324304
STFC stock data
Calendar
4 Nov 21
9 Aug 22
31 Dec 22
Financial summary
Quarter (USD) | Sep 21 | Jun 21 | Mar 21 | Dec 20 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 20 | Dec 19 | Dec 18 | Dec 17 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 46.1M | 46.1M | 46.1M | 46.1M | 46.1M | 46.1M |
Cash burn (monthly) | 20.87M | 7.11M | 8.57M | (no burn) | 9.63M | 2.28M |
Cash used (since last report) | 215.81M | 73.52M | 88.6M | n/a | 99.63M | 23.62M |
Cash remaining | -169.71M | -27.42M | -42.5M | n/a | -53.53M | 22.48M |
Runway (months of cash) | -8.1 | -3.9 | -5.0 | n/a | -5.6 | 9.8 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Mar 22 | Dwight Eric Smith | RSU Common Stock | Sale back to company | Dispose D | No | No | 0 | 4,144 | 0 | 0 |
1 Mar 22 | Pouraghabagher Setareh | RSU Common Stock | Sale back to company | Dispose D | No | No | 0 | 4,144 | 0 | 0 |
1 Mar 22 | Pouraghabagher Setareh | RSU Common Stock | Sale back to company | Dispose D | No | No | 0 | 2,571 | 0 | 0 |
1 Mar 22 | Pouraghabagher Setareh | RSU Common Stock | Sale back to company | Dispose D | No | No | 0 | 2,819 | 0 | 0 |
1 Mar 22 | Pouraghabagher Setareh | RSU Common Stock | Sale back to company | Dispose D | No | No | 0 | 3,059 | 0 | 0 |
1 Mar 22 | Pouraghabagher Setareh | RSU Common Stock | Sale back to company | Dispose D | No | No | 0 | 3,132 | 0 | 0 |
1 Mar 22 | Lantow Michelle | Common Shares without Par Value | Sale back to company | Dispose D | No | No | 0 | 1,000 | 0 | 0 |
1 Mar 22 | Hubbard Kym Marie | Common Shares without Par Value | Sale back to company | Dispose D | No | No | 0 | 152 | 0 | 0 |
1 Mar 22 | Hubbard Kym Marie | RSU Common Stock | Sale back to company | Dispose D | No | No | 0 | 4,144 | 0 | 0 |
1 Mar 22 | Hubbard Kym Marie | RSU Common Stock | Sale back to company | Dispose D | No | No | 0 | 2,571 | 0 | 0 |
Institutional ownership, Q1 2022
13F holders | Current |
---|---|
Total holders | 0 |
Opened positions | 0 |
Closed positions | 133 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 0 |
Total shares | 0 |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|
Financial report summary
?Risks
- The proposed Transactions may not be completed on the terms or timeline currently contemplated, or at all, and the failure to complete the Transactions may adversely affect our share price and future business and financial results.
- The pendency of the Transactions could adversely affect our business and operations
- The Merger Agreement contains provisions that could discourage a potential competing acquirer or could result in any competing proposal being at a lower price than it might otherwise be.
Management Discussion
- •For the three and nine months ended September 30, 2021, net investment loss was $8.1 million and net investment gain was $56.8 million, respectively, which included $6.7 million of losses recognized on equity securities and $49.7 million of gains recognized on equity securities, respectively.
- •The SAP catastrophe loss and ALAE ratios for the three and nine months ended September 30, 2021 were 10.3% and 17.2%, respectively, or $39.4 million and $191.0 million, respectively. The 2021 third quarter was impacted by severe weather events in the Midwest and Texas. The 2021 year to date was also impacted by winter storms Uri and Viola in Texas, which added 5.6 points to the year to date loss and ALAE ratio. Approximately 60% and 70% of the catastrophe losses for the 2021 third quarter and year to date periods, respectively, occurred within the homeowners line of business.
- •The SAP non-cat loss and ALAE ratios for the three and nine months ended September 30, 2021 were 59.2% and 55.2%, respectively, or $226.1 million and $611.3 million, respectively.
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. senior Avg
|
New words:
Director, flat, frequent, meaningful, membership, mentioned, MGU, PIP, release, suppressed, unpaid, Washington
Removed:
amortization, developed, favorably, longer, physical, REPO, sale, subsequent, write, writing
Financial reports
Current reports
8-K
Liberty Mutual Insurance Completes Acquisition of State Auto Group
1 Mar 22
8-K
Kim Garland to lead State Auto after close of Liberty Mutual Insurance acquisition
9 Dec 21
8-K
Other Events
22 Nov 21
8-K
Results of Operations and Financial Condition
4 Nov 21
8-K
State Auto Financial announces results of voting at Shareholders overwhelmingly approve the proposed merger
30 Sep 21
8-K
Other Events
28 Sep 21
8-K
Results of Operations and Financial Condition
5 Aug 21
8-K
Voting and Support Agreement
12 Jul 21
8-K
Submission of Matters to a Vote of Security Holders
18 May 21
8-K
Results of Operations and Financial Condition
6 May 21
Registration and prospectus
15-12G
Securities registration termination
11 Mar 22
S-8 POS
Registration of securities for employees (post-effective amendment)
1 Mar 22
S-8 POS
Registration of securities for employees (post-effective amendment)
1 Mar 22
S-8 POS
Registration of securities for employees (post-effective amendment)
1 Mar 22
S-8 POS
Registration of securities for employees (post-effective amendment)
1 Mar 22
S-8 POS
Registration of securities for employees (post-effective amendment)
1 Mar 22
S-8 POS
Registration of securities for employees (post-effective amendment)
1 Mar 22
S-8 POS
Registration of securities for employees (post-effective amendment)
1 Mar 22
S-8 POS
Registration of securities for employees (post-effective amendment)
1 Mar 22
S-8 POS
Registration of securities for employees (post-effective amendment)
1 Mar 22
Proxies
DEFA14A
Additional proxy soliciting materials
28 Sep 21
DEFA14A
Additional proxy soliciting materials
7 Sep 21
DEFM14A
Proxy related to merger
27 Aug 21
DEFA14A
Additional proxy soliciting materials
25 Aug 21
DFAN14A
Additional proxy materials by non-management
25 Aug 21
PREM14A
Preliminary proxy related to merger
9 Aug 21
DFAN14A
Additional proxy materials by non-management
13 Jul 21
DEFA14A
Additional proxy soliciting materials
12 Jul 21
DEFA14A
Additional proxy soliciting materials
12 Jul 21
DEFA14A
Additional proxy soliciting materials
1 Apr 21
Other
EFFECT
Notice of effectiveness
9 Mar 22
EFFECT
Notice of effectiveness
9 Mar 22
EFFECT
Notice of effectiveness
9 Mar 22
EFFECT
Notice of effectiveness
9 Mar 22
EFFECT
Notice of effectiveness
17 Nov 21
CORRESP
Correspondence with SEC
9 Nov 21
UPLOAD
Letter from SEC
8 Nov 21
CORRESP
Correspondence with SEC
3 Apr 16
EFFECT
Notice of effectiveness
3 Apr 16
CORRESP
Correspondence with SEC
27 Mar 16
Ownership
4
State Auto Financial / JAMES E KUNK ownership change
4 Mar 22
4
State Auto Financial / Robert Ellison Baker ownership change
3 Mar 22
4
State Auto Financial / SHARON ELAINE ROBERTS ownership change
3 Mar 22
4
State Auto Financial / DAVID R MEUSE ownership change
3 Mar 22
4
State Auto Financial / MICHAEL LAROCCO ownership change
3 Mar 22
4
State Auto Financial / Steven Eugene English ownership change
3 Mar 22
4
State Auto Financial / Matthew Stanley Mrozek ownership change
3 Mar 22
4
State Auto Financial / Kim Burton Garland ownership change
3 Mar 22
4
State Auto Financial / MELISSA A CENTERS ownership change
3 Mar 22
4
State Auto Financial / Paul M Stachura ownership change
3 Mar 22
Transcripts
2021 Q1
Earnings call transcript
9 May 21
2020 Q4
Earnings call transcript
19 Feb 21
2020 Q3
Earnings call transcript
7 Nov 20
2020 Q2
Earnings call transcript
9 Aug 20
2020 Q1
Earnings call transcript
12 May 20
2019 Q4
Earnings call transcript
20 Feb 20
2019 Q3
Earnings call transcript
4 Nov 19
2019 Q2
Earnings call transcript
4 Aug 19
2019 Q1
Earnings call transcript
5 May 19
2018 Q4
Earnings call transcript
15 Feb 19
Reddit threads
Daily Discussion Thread - March 2nd, 2022
2 Mar 22
Daily Discussion Thread - March 1st, 2022
1 Mar 22
Daily Discussion Thread - February 28th, 2022
28 Feb 22
Daily Discussion Thread - February 24th, 2022
24 Feb 22
Daily Discussion Thread - February 23rd, 2022
23 Feb 22
Daily Discussion Thread - February 17th, 2022
17 Feb 22
Daily Discussion Thread - February 16th, 2022
16 Feb 22
Daily Discussion Thread - February 15th, 2022
15 Feb 22
Daily Discussion Thread - February 14th, 2022
14 Feb 22
My stock picks for 2022-02-01
1 Feb 22