State Auto Financial Corp. reported fourth-quarter net income of $32.7 million, after reporting a loss in the same period a year earlier.
The Columbus, Ohio-based company said it had net income of 72 cents per share. Earnings, adjusted for investment gains, came to 29 cents per share.
The insurance holding company posted revenue of $367.8 million in the period. Its adjusted revenue was $343 million.
For the year, the company reported profit of $87.4 million, or $1.96 per share. Revenue was reported as $1.33 billion.
State Auto Financial shares have declined roughly 3% since the beginning of the year. The stock has decreased 13% in the last 12 months.
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