State Auto Reaches “Million Billion” Milestone
27 April 2010 - 1:00AM
Business Wire
The State Auto Insurance Group has reached a significant
milestone in its sales of personal lines insurance: one million
policies and one billion dollars in premium.
State Auto offers auto, home and other personal lines insurance
products in 33 states. The company has experienced considerable
growth in Arizona, Colorado, Connecticut, Texas and Utah, where
State Auto most recently began offering personal lines
products.
“Success in our expansion states, along with new products and
best-in-class automation for our agency partners is playing a
significant role in our growth,” said Vice President and Director
of Personal Insurance Joel Brown. “We’re honored by this
achievement and grateful to the independent insurance agencies who
represent State Auto and the individuals and families who have
placed their trust in us.
“While we’ve certainly grown as a company over the past 90
years, our tradition of compassion, integrity and superior service
has not changed,” said Brown. “What was as important to our
founder, Robert Pein, remains important today – treating our
customers as we ourselves would want to be treated.”
By the end of 1921, its first year of operation, State
Automobile Mutual Insurance Company had written $18,005.30 in auto
insurance – then its only line of business. Today, the State Auto
Group exceeds $1.5 billion in premium, with products that include
auto, home, business and specialty lines insurance.
To locate a State Auto independent agent, use the “Find an
Agent” feature on StateAuto.com.
State Automobile Mutual Insurance Company, headquartered in
Columbus, Ohio, is a super regional property and casualty insurance
holding company. The company is primarily engaged in writing
personal and business insurance products exclusively through
independent insurance agencies in 33 states and is proud to be a
Trusted Choice® company partner. State Auto Mutual is part of the
State Auto Group. The State Auto Group is rated A+ (Superior)
by the A.M. Best Company and consists of State Automobile
Mutual, State Auto Property & Casualty, State Auto National,
State Auto Ohio, State Auto Wisconsin, State Auto Florida, Milbank,
Farmers Casualty, Meridian Security, Meridian Citizens Mutual,
Beacon National, Beacon Lloyds, Patrons Mutual and Litchfield
Mutual Fire.
State Auto Mutual also writes specialty insurance and workers’
compensation products through its Rockhill insurance subsidiaries.
The Rockhill insurance subsidiaries, rated A- (Excellent) by the
A.M. Best Company, write business on a non-admitted basis in 49
states and the District of Columbia, and are licensed on an
admitted basis in 42 states and the District of Columbia.
Additional information on State Auto Mutual can be found online at
www.StateAuto.com.
State Auto Financial (NASDAQ:STFC)
Historical Stock Chart
From Jun 2024 to Jul 2024
State Auto Financial (NASDAQ:STFC)
Historical Stock Chart
From Jul 2023 to Jul 2024
