State Auto Financial Reports First Quarter 2011 Results

State Auto Financial Corporation STFC today reported first quarter 2011 net income of $12.7 million, or $0.32 per diluted share, versus net income of $12.9 million, or $0.32 per diluted share, for the first quarter of 2010. Net income from operations* per diluted share for the first quarter 2011 was $0.18 versus net income from operations* of $0.27 for the same 2010 period. STFC's GAAP combined ratio for the first quarter 2011 was 103.0 versus 99.7 for the first quarter of 2010. Catastrophe losses for the first quarter 2011 accounted for 4.6 points of the 69.3 total loss ratio points, or $16.0 million, versus 3.3 points of the total 66.2 loss ratio points, or $10.1 million, for the same period in 2010.