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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
CEO
Michael E. LaRocco
Employees
Incorporated
Location
Fiscal year end
SEC CIK
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
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

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
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 Shares Bought/sold Change
Dimensional Fund Advisors 0 -2.02M EXIT
Vanguard 0 -1.72M EXIT
BLK Blackrock 0 -1.28M EXIT
Arp Americas 0 -1.27M EXIT
Magnetar Financial 0 -1.21M EXIT
Spring Creek Capital 0 -914.95K EXIT
Ubs Oconnor 0 -608.16K EXIT
Alpine Associates Management 0 -582.3K EXIT
Highland Capital Management Fund Advisors 0 -447.02K EXIT
Millennium Management 0 -443.83K EXIT

Financial report summary

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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

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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