State Auto Financial Corp. estimates its third quarter 2011 results will include between $60 million and $63 million in pre-tax catastrophe losses, which includes approximately $25 million of prior period development from second quarter 2011 catastrophes.
Catastrophic events during the third quarter included Hurricane Irene (approximately $16 million) and other catastrophe events. Prior to 2011, STFC’s historic five-year average catastrophe losses for the third quarter are approximately $25 million.
STFC expects to release its third quarter 2011 results on Nov. 1, 2011.
Topics Auto Profit Loss
Was this article valuable?
Here are more articles you may enjoy.
Businesses Pressured to Respond to ICE While Becoming a Target 
Illinois USPS Employee Indicted for Alleged Workers’ Comp Fraud 
Progressive Q4 Income Up 25%; CFO Sauerland to Retire in July 
Bumble, Panera Bread, CrunchBase, Match Hit by Cyberattacks 
