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State Auto Financial Corporation
STFC today announced its preliminary estimate of the impact of catastrophe losses on its second quarter results. The company estimates second quarter 2012 results will include between $33 million and $36 million in pre-tax net catastrophe losses.
During the quarter ended June 30, 2012, 13 catastrophe events in the United States were identified by Property Claim Service (PCS). STFC's catastrophe losses were primarily related to two events: wind and hail activity affecting the Louisville, Ky., and St. Louis, Mo., areas in late April and, to a lesser extent, wind activity from a storm event in the Midwest and Mid-Atlantic states at the end of June.
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