State Auto Financial Corp. (STFC)

State Auto Financial Corporation, through its subsidiaries, writes personal and business lines of insurance. It markets a line of property and casualty insurance, such as standard personal and commercial automobile, nonstandard personal automobile, homeowners and farmowners, commercial multi-peril, workers compensation, fire, general liability, and property insurance. The company also develops and sells software for the processing of insurance transactions, database management for insurance agents, and electronic interfacing of information between insurance companies and agencies. It sells products and services to insurance agencies, and nonaffiliated insurers and their agencies through the independent insurance agencies primarily in the central and eastern United States. The company was founded in 1950 and is headquartered in Columbus, Ohio. State Auto Financial Corporation is a subsidiary of State Automobile Mutual Insurance Company.

For the nine months ended 30 September 2006, State Auto Financial's revenues decreased 3% to $836.4M. Net income decreased 22% to $75.5M. Revenues reflect a decrease in premiums earned and lower net realized gain on investments. Net income also reflects a decrease in gross profit margin and an increase in operating expenses. The Company is engaged in marketing personal and commercial insurance products.