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 Profit Loss Auto
Was this article valuable?
Here are more articles you may enjoy.
AIG to Acquire Renewal Rights of Everest’s Retail Commercial Business Worth $2B 
The Hartford Q3 Net Income Up 41% 
Brown & Brown Reports Strong Q3 Revenue Growth of 35.4% 
Trucking App Trucker Path Launches Retail Insurance Agency 
