State Auto Financial: Impact of Q2 Storm Activity May Reach $36M

July 22, 2012

Columbus, Ohio-based State Auto Financial Corp. announced it estimates the company’s second quarter 2012 results will include between $33 million and $36 million in pre-tax net catastrophe losses.

During the quarter ended June 30, 2012, 13 catastrophe events in the United States were identified by Property Claim Service (PCS).

STFC’s catastrophe losses were primarily related to two events: wind and hail activity affecting the Louisville, Ky., and St. Louis, Mo., areas in late April and, to a lesser extent, wind activity from a storm event in the Midwest and Mid-Atlantic states at the end of June.

STFC expects to release its second quarter 2012 results on Aug. 2, 2012.

Source: State Auto Financial Corp.

Was this article valuable?

Here are more articles you may enjoy.