COLUMBUS, Ohio -- November 17, 2000 -- The board of directors of State Auto Financial Corporation (NASDAQ:STFC) today declared a quarterly cash dividend of $0.03 per share, payable December 29, 2000, to shareholders of record at the close of business on December 13, 2000. This is the 38th consecutive cash dividend declared by the company's board since STFC had its initial public offering of common stock on June 28, 1991.
State Auto Financial Corporation is a regional property and casualty insurance holding company engaged primarily in writing personal and commercial automobile, homeowners, commercial multi-peril, workers' compensation and fire insurance. The company currently markets its products through more than 13,100 agents associated with approximately 2,200 agencies in 26 states. Products are marketed primarily in the Midwest and Eastern United States, excluding New York, New Jersey and the New England states.