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State Auto Financial Responds to A.M. Best Announcement

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COLUMBUS, Ohio, July 14, 2021--(BUSINESS WIRE)--The following is State Auto Financial Corporation Chairman, President and CEO Mike LaRocco’s response to today’s announcement from A.M. Best Company:

"On Monday, we announced a definitive agreement to be acquired by Liberty Mutual . A.M. Best’s decision affirms our belief that our partnership with Liberty Mutual will contribute to the collective success of our associates, policyholders, shareholders and agents. Together, there’s a great opportunity to profitably grow and deliver even greater scale by expanding our geographic footprint, operations, product expertise and digital capabilities.

About State Auto Financial Corporation

State Auto Financial Corporation, headquartered in Columbus, Ohio, is a super regional property and casualty insurance holding company. STFC stock is traded on the NASDAQ Global Select Market, which represents the top fourth of all NASDAQ listed companies.

The insurance subsidiaries of State Auto Financial Corporation are part of the State Auto Group. The State Auto Group markets its insurance products throughout the United States, through independent insurance agencies, which include retail agencies and wholesale brokers. The State Auto Group is rated A- (Excellent) by the A.M. Best Company and includes State Automobile Mutual, State Auto Property & Casualty, State Auto Ohio, State Auto Wisconsin, Milbank, Meridian Security, Patrons Mutual, Rockhill Insurance, Plaza Insurance, American Compensation and Bloomington Compensation. Additional information on State Auto Financial Corporation and the State Auto Insurance Companies can be found online at http://www.StateAuto.com/STFC.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210714005758/en/

Contacts

Investor contact: Natalie Schoolcraft, Natalie.Schoolcraft@StateAuto.com 614-917-4341
Media contact: Kyle Anderson, Kyle.Anderson@StateAuto.com, 614-917-5497