COLUMBUS, Ohio – December 14, 2007 – State Automobile Mutual Insurance Company today completed its affiliation with the Patrons Mutual Group of Connecticut, which includes both the Patrons Mutual Insurance Company of Connecticut and Litchfield Mutual Fire Insurance Company. With the affiliation, the operating territory of the State Auto Insurance Companies expands to 33 states.
The Patrons Mutual Group writes approximately $50 million in direct written premium through approximately 200 independent insurance agencies in Connecticut, Massachusetts, Rhode Island, and Vermont. The transaction was announced on September 13, 2007.
“Working closely with the Patrons team and meeting their independent agencies in recent months has confirmed our expectation that this affiliation will be virtually seamless given our very similar cultures and operating philosophies,” said State Auto Chairman, President and CEO Bob Restrepo. “The addition of Patrons to the State Auto group enhances our geographic spread and develops a new source of profitable growth. Policyholders of Patrons and Litchfield will gain access to new products and services and a strong balance sheet, while enjoying a strong local presence of quality people and responsive service.”
The State Auto Insurance Companies, headquartered in Columbus, Ohio, are engaged primarily in writing personal and business insurance products exclusively through approximately 3,400 independent insurance agencies in 33 states and are proud to be a Trusted Choice® company partner. The State Auto Insurance Companies include State Auto Financial Corporation (NASDAQ:STFC) and State Automobile Mutual Insurance Company, which is one of only 14 companies to be rated A+ (Superior) by the A.M. Best Company every year since 1954. Additional information can be found online at StateAuto.com.