NU Online News Service, May 04, 11 a.m. EDT
State Auto Financial Corp. reports a $2 million net loss for the first quarter, but it could have been worse.
The Columbus, Ohio-based super-regional says its recently-implemented quota share reinsurance treaty reduced the insurer's total underwriting loss by $7.1 million and knocked 1.1 points off the combined ratio.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
