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.
Judge Approves $106M Settlement Over Hard Rock Hotel Collapse in New Orleans 
Wildfire Forces Evacuations Across Top Canadian Wine Region 
Rhine River Shipping Stalls as Water Level Hits Record Low 
UnitedHealth Investor Suit Alleges Security, Governance Lapses 
