This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:State Auto Financial Reports Third Quarter 2009 Results 2009-10-22 06:00 ET - News Release -
Quarterly earnings of $0.33 per share
-
Quarterly GAAP combined ratio of 102.5
-
Book value per share increases $1.36 to $21.00
Company Website:
http://www.stfc.com
COLUMBUS, Ohio -- (Business Wire)
State Auto Financial Corporation (NASDAQ:STFC) today reported third
quarter 2009 net income of $13.0 million, or $0.33 per diluted share,
versus a net loss of $14.7 million, or $0.37 per diluted share, for the
third quarter of 2008. Net income from operations* per diluted share for
the third quarter of 2009 was $0.27 versus a net loss of $0.30 for the
same 2008 period.
STFC’s GAAP combined ratio for the quarter was 102.5 versus 116.2 for
the third quarter of 2008. Catastrophe losses, net of loss recoveries
under the company’s aggregate catastrophe reinsurance treaty, accounted
for 3.6 points of the total 68.3 loss ratio points, or $10.8 million,
during the third quarter this year, compared to 19.5 points of the total
82.4 loss ratio points, or $54.7 million, for the same period in 2008.
The remainder is available to Stockwatch subscribers.
If you would like to give the Stockwatch system a try,
click here for a free 30 day trial subscription. |
Top
Print this Page