State Auto Completes Affiliation with Patrons Mutual of Conn.

Columbus, Ohio-based State Automobile Mutual Insurance Co. today completed its affiliation with the Patrons Mutual Group of Connecticut, which includes both the Patrons Mutual Insurance Company of Connecticut and Litchfield Mutual Fire Insurance Co. With the affiliation, the operating territory of the State Auto Insurance Companies expands to 33 states.

The Patrons Mutual Group writes approximately $50 million in direct written premium through approximately 200 independent insurance agencies in Connecticut, Massachusetts, Rhode Island, and Vermont. The transaction was announced on September 13, 2007.

“Working closely with the Patrons team and meeting their independent agencies in recent months has confirmed our expectation that this affiliation will be virtually seamless given our very similar cultures and operating philosophies,” said State Auto Chairman, President and CEO Bob Restrepo. “The addition of Patrons to the State Auto group enhances our geographic spread and develops a new source of profitable growth…”

The State Auto Insurance Cos. write personal and business insurance products exclusively through approximately 3,400 independent insurance agencies in 33 states.

Source: State Auto Insurance Cos.

Latest Comments

• December 14, 2007 at 1:42 am

  Bob says:

  So that's what they did with the money slashed from the employee profit sharing fund!