The board of State Auto Financial Corporation (NASDAQ:STFC) has declared a quarterly cash dividend of $0.10 per share, payable on December 29, 2020, to shareholders on record by December 16, 2020. This marks the 118th consecutive quarterly dividend since the company's IPO in 1991. State Auto, based in Columbus, Ohio, operates as a super regional property and casualty insurance holding company, marketed through independent agencies. It is rated A- (Excellent) by A.M. Best.
State Auto Financial Corporation (NASDAQ:STFC) reported a third-quarter 2020 net income of $11.6 million, or $0.26 per diluted share, a slight increase from $11.5 million in Q3 2019. However, the net loss from operations was $0.10 per diluted share compared to a profit of $0.34 last year. For the first nine months of 2020, net loss reached $68.7 million, or $1.57 per share. The GAAP combined ratio rose to 106.0 from 99.5 in the prior year, largely due to significant catastrophe losses affecting homeowners lines.
State Auto Financial Corporation (NASDAQ:STFC) will discuss its third quarter 2020 results during a conference call on November 5, 2020, at 11 a.m. ET. The financial results will be announced before the market opens on the same day. Investors can access the call via webcast at StateAuto.com/STFC. State Auto Financial is a super regional property and casualty insurance holding company, recognized for its independent agency distribution across the U.S.