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2003 News

  • State Auto Financial corrects dividend record date
    December 02, 2003

    State Auto Financial Corporation announces that the record date for its quarterly cash dividend of $0.04 per share, payable December 31, 2003, is hereby corrected to be payable to shareholders of record at the close of business on December 19, 2003....

  • Fiorile, Blackburn named to State Auto Mutual board
    November 26, 2003

    Michael J. Fiorile and Mark A. Blackburn were elected to the State Automobile Mutual Insurance Company's board of directors at the board's November 21 meeting....

  • State Auto Financial to present at Friedman, Billings, Ramsey's 10th Annual Investor Conference
    November 25, 2003

    State Auto Financial Corporation (NASDAQ:STFC) today announced it will present at the Friedman, Billings, Ramsey 10th Annual Investor Conference, to be held Dec. 2 and 3, 2003 at the Executive Conference Center of the Sheraton New York Hotel & Towers....

  • State Auto Financial declares 50th consecutive dividend
    November 21, 2003

    The board of directors of State Auto Financial Corporation (Nasdaq STFC) today declared a quarterly cash dividend of $0.04 per share, payable December 31, 2003, to shareholders of record at the close of business on December 15, 2003....

  • State Auto Financial Corporation announces planned $100 million senior note issuance
    October 30, 2003

    State Auto Financial Corporation (NASDAQ:STFC) today announced that it is planning an offering of $100 million of Senior Notes due 2013 in an offering exempt from the registration requirements of the Securities Act of 1933....

  • State Auto Financial announces record third quarter profit
    October 27, 2003

    State Auto Financial Corporation today reported third quarter net income increased to $15,580,000, or $0.38 per diluted share, versus $5,885,000 or $0.15 per diluted share for the same period 2002....

  • District Court dismisses Shepard suit; State Auto seeks declaratory judgment
    October 16, 2003

    A U.S. District Court judge dismissed Wednesday a lawsuit filed by State Auto Financial Corporation (NASDAQ STFC) investor Gregory M. Shepard and his wholly owned company ("Shepard") alleging that directors of STFC and its parent company, State Automobile Mutual Insurance Company ("SAM"), breached their fiduciary duty in connection with his tender offer for STFC shares....

  • STFC to present to New York analysts
    September 10, 2003

    State Auto Financial Corporation (NASDAQ:STFC) announced today that it will participate in two New York City stock analyst forums next week....

  • State Auto Financial and State Auto Mutual elect new directors
    September 05, 2003

    Gerald L. Bepko was recently elected to the board of directors of the State Automobile Mutual Insurance Company, and Paul S. Williams was elected to the board of directors of State Auto Financial Corporation....

  • STFC rejects Shepard's announced tender offer as 'illusory'
    September 02, 2003

    Directors of State Auto Financial Corporation (STFC) have advised its public shareholders to reject the offer for their shares by investor Gregory M. Shepard on the basis that Shepard's offer is "illusory," and that it is opposed by State Automobile Mutual Insurance Company (SAM), which owns 66.9 percent of STFC shares....

  • State Auto Financial Corporation advises shareholders to await recommendation on proposed tender offer
    August 21, 2003

    State Auto Financial Corporation (NASDAQ:STFC) said its Board of Directors will begin a review of an unsolicited tender offer proposal which was filed yesterday by Gregory M. Shepard's wholly owned corporation, State Auto Financial Acquisition Corporation, with the Securities and Exchange Commission....

  • State Auto boards appoint Mrozek and Couger
    August 18, 2003

    The boards of directors of State Auto Financial Corporation (STFC) and State Automobile Mutual Insurance Company elected Matt Mrozek and John Couger assistant secretaries of the State Automobile Mutual and State Auto Property & Casualty Insurance Companies....

  • State Auto Financial increases quarterly dividend
    August 15, 2003

    The board of directors of State Auto Financial Corporation (NASDAQ STFC) today declared a quarterly cash dividend of $0.04 per share, payable September 30, 2003, to shareholders of record at the close of business on September 15, 2003....

  • State Auto Financial announces second quarter earnings
    July 31, 2003

    State Auto Financial Corporation (NASDAQ:STFC) today reported second quarter net income of $8,301,000, or $0.21 per diluted share, versus a loss of $1,385,000 or $0.04 per diluted share for the same period 2002....

  • State Auto president responds to Shepard filing
    July 18, 2003

    State Auto President and CEO Robert H. Moone released the following statement in response to an SEC schedule 13D filing made today by investor Gregory M. Shepard:...

  • State Auto Financial expects storms to impact earnings
    July 09, 2003

    State Auto Financial Corporation (NASDAQ:STFC) today announced that it has increased its estimate of May storm losses by $16 million, bringing the total to $39 to $42 million, pre tax....

  • State Auto sues Shepard over 'intentional misrepresentations'
    June 30, 2003

    State Auto Companies went to federal court Monday asking that dissident shareholder Gregory M. Shepard be ordered to correct "intentional misrepresentations and omissions" in public statements, and in legal papers filed in connection with his bid to take over the companies....

  • State Auto Mutual special committee recommends against discussions with Shepard
    June 29, 2003

    Outside directors of State Automobile Mutual Insurance Company, constituted as a special committee to review takeover proposals advanced by investor Gregory M. Shepard of Bloomington, Ill., announced today their recommendation to the full State Auto Mutual board that the company not enter into discussion of the proposals with Shepard....

  • Moone addresses shareholder's proposal
    June 04, 2003

    The attached letter from State Automobile Mutual Insurance Company President and CEO Robert H. Moone was forwarded today to State Auto Financial Corporation (STFC) shareholder Gregory M. Shepard....

  • State Automobile Mutual Insurance Company statement on Gregory M. Shepard proposal
    May 30, 2003

    Management's preliminary examination of the proposal issued by Mr. Shepard, a minority shareholder in State Auto Financial Corp., indicates the following:...

  • State Auto wins ACORD upload award
    May 28, 2003

    For the second consecutive year, and the third time in the last six years, the State Auto Insurance Companies took top honors at the annual ACORD (Association for Cooperative Operations Research and Development) convention, winning the award for Upload Company of the Year....

  • State Auto Financial declares 48th consecutive dividend
    May 23, 2003

    The board of directors of State Auto Financial Corporation (NASDAQ:STFC) today declared a quarterly cash dividend of $0.035 per share, payable June 30, 2003, to shareholders of record at the close of business on June 13, 2003....

  • State Auto Financial expects storms to impact earnings
    May 20, 2003

    State Auto Financial Corporation (NASDAQ:STFC) today announced that it estimates that May storms would contribute approximately $23 to $26 million pre tax to losses in the second quarter, adding 10 to 11 direct loss ratio points to second quarter results....

  • State Auto Financial announces first quarter earnings
    April 30, 2003

    State Auto Financial Corporation (NASDAQ:STFC) today announced record GAAP net earnings of $21,064,000 for the first quarter ended March 31, 2003. GAAP net earnings were $0.53, per diluted share, versus $0.33 for the same period last year....

  • State Auto reacts to shareholder proposal, declares 47th consecutive dividend
    March 10, 2003

    On Friday, March 7, the board of directors of State Auto Financial Corporation (NASDAQ:STFC) declared a quarterly cash dividend of $0.035 per share, payable March 31, 2003, to shareholders of record at the close of business on March 17, 2003....

  • State Auto Financial announces record fourth quarter earnings
    February 28, 2003

    State Auto Financial Corporation (NASDAQ:STFC) today reported record fourth quarter net earnings of $19,331,000....

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