X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NU Online News Service, July 29, 11:30 a.m. EDT

High U.S. storm losses affected a number of earnings announcements late this week, eclipsing normal weather-related losses for this time of year and impacting profitability.

State Auto Financial Corp., which earlier this month warned of significant losses, reported a 2010 second-quarter net loss of $26.2 million compared with a net loss of $3.2 million last year at this time. Catastrophe losses due to wind and hail for the Columbus, Ohio-based insurer caused $57.5 million in losses, adding, 18.6 points to its loss ratio. The combined ratio for the second quarter was 115.2.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.