State Auto Financial (STFC) Sees Q2 Pretax Catastrophe Losses of $33M - $36M
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Price: $18.52 -0.16%
EPS Growth %: +880.0%
Financial Fact:
Total other-than-temporary impairment losses: -300K
Today's EPS Names:
DSX, REDF, REX, More
EPS Growth %: +880.0%
Financial Fact:
Total other-than-temporary impairment losses: -300K
Today's EPS Names:
DSX, REDF, REX, More
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State Auto Financial Corporation (Nasdaq: STFC) today announced its preliminary estimate of the impact of catastrophe losses on its second quarter results. The company estimates 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.
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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.
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