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.
In Alabama, Shot Employee Gets No Workers’ Comp and No Employer’s Liability 
Chubb, The Hartford, Liberty and Travelers Team Up on Surety Tech Launch 
Acrisure CEO Greg Williams Makes $400M Commitment to Michigan State University 
Florida Jury Returns $779M Verdict for Family of Security Guard Killed at Gambling Cafe 
