State Auto Financial (STFC)

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

NASDAQ

Website

www.stateauto.com

CEO

Michael E. LaRocco

Incorporated

Ohio

Location

Ohio

Fiscal year end

Dec 31

Sector

Finance and Insurance > Direct Property and Casualty Insurance Carriers

Industry (SIC)

Fire, Marine & Casualty Insurance

American International • Berkshire Hathaway • Hartford Financial Services • Allstate Corp (The) • Travelers Companies • Chubb Limited • Loews • CNA Financial • American Financial • Progressive ...

SEC CIK

0000874977

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

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

1M 1Y 5Y

Calendar

4 Nov 21

9 Aug 22

31 Dec 22

Financial summary

Financial statements Chart STFC financial data

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

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

STFC insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	#Shares
1 Mar 22	Dwight Eric Smith	RSU Common Stock	Sale back to company	Dispose D	No	No	4,144
1 Mar 22	Pouraghabagher Setareh	RSU Common Stock	Sale back to company	Dispose D	No	No	4,144
1 Mar 22	Pouraghabagher Setareh	RSU Common Stock	Sale back to company	Dispose D	No	No	2,571
1 Mar 22	Pouraghabagher Setareh	RSU Common Stock	Sale back to company	Dispose D	No	No	2,819
1 Mar 22	Pouraghabagher Setareh	RSU Common Stock	Sale back to company	Dispose D	No	No	3,059
1 Mar 22	Pouraghabagher Setareh	RSU Common Stock	Sale back to company	Dispose D	No	No	3,132
1 Mar 22	Lantow Michelle	Common Shares without Par Value	Sale back to company	Dispose D	No	No	1,000
1 Mar 22	Hubbard Kym Marie	Common Shares without Par Value	Sale back to company	Dispose D	No	No	152
1 Mar 22	Hubbard Kym Marie	RSU Common Stock	Sale back to company	Dispose D	No	No	4,144
1 Mar 22	Hubbard Kym Marie	RSU Common Stock	Sale back to company	Dispose D	No	No	2,571

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

STFC institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	0	133	EXIT
Opened positions	0	19	EXIT
Closed positions	133	17	+682.4%
Increased positions	0	52	EXIT
Reduced positions	0	31	EXIT

13F shares	Current	Prev Q	Change
Total value	0	1.23B	EXIT
Total shares	0	16.54M	EXIT
Total puts	0	30.8K	EXIT
Total calls	0	21.8K	EXIT
Total put/call ratio	–	1.4	–

Largest owners	Shares	Value	Change

Largest transactions	Bought/sold	Change
Dimensional Fund Advisors	-2.02M	EXIT
Vanguard	-1.72M	EXIT
BLK Blackrock	-1.28M	EXIT
Arp Americas	-1.27M	EXIT
Magnetar Financial	-1.21M	EXIT
Spring Creek Capital	-914.95K	EXIT
Ubs Oconnor	-608.16K	EXIT
Alpine Associates Management	-582.3K	EXIT
Highland Capital Management Fund Advisors	-447.02K	EXIT
Millennium Management	-443.83K	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

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.