State Auto Financial (STFC) Estimates Impacto on Q211 from Catastrophes
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State Auto Financial Corporation (Nasdaq: STFC) expects Q211 earnings to be impacted by $75 - $85 million in pre-tax catastrophe losses related to April storm activity, net of estimated reinsurance recoveries.
From the release: "Five separate catastrophes impacted 20 of State Auto’s operating states last month, resulting in auto and property claims caused by tornadoes, wind and hail. Prior to 2011, State Auto’s historic five-year average catastrophe loss ratio for the second quarter is 18 percentage points or $50 million of losses."
From the release: "Five separate catastrophes impacted 20 of State Auto’s operating states last month, resulting in auto and property claims caused by tornadoes, wind and hail. Prior to 2011, State Auto’s historic five-year average catastrophe loss ratio for the second quarter is 18 percentage points or $50 million of losses."
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