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State Auto Financial

Nasdaq:STFC
Snowflake Description

Limited growth with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
STFC
Nasdaq
$2B
Market Cap
  1. Home
  2. US
  3. Insurance
Company description

State Auto Financial Corporation, through its subsidiaries, engages in writing personal and business insurance products. The last earnings update was 21 days ago. More info.


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STFC Share Price and Events
7 Day Returns
1.2%
NasdaqGS:STFC
-0.3%
US Insurance
-2.1%
US Market
1 Year Returns
16.9%
NasdaqGS:STFC
7.6%
US Insurance
1.3%
US Market
STFC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
State Auto Financial (STFC) 1.2% 2.9% 1.8% 16.9% 70.1% 61.9%
US Insurance -0.3% 2.6% 5.7% 7.6% 31.1% 45.5%
US Market -2.1% -4.2% 0% 1.3% 33.5% 38%
1 Year Return vs Industry and Market
  • STFC outperformed the Insurance industry which returned 7.6% over the past year.
  • STFC outperformed the Market in United States of America which returned 1.3% over the past year.
Price Volatility
STFC
Industry
5yr Volatility vs Market

STFC Value

 Is State Auto Financial undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for State Auto Financial. This is due to cash flow or dividend data being unavailable. The share price is $34.98.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for State Auto Financial's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are State Auto Financial's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:STFC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $1.50
NasdaqGS:STFC Share Price ** NasdaqGS (2019-05-24) in USD $34.98
United States of America Insurance Industry PE Ratio Median Figure of 90 Publicly-Listed Insurance Companies 17.09x
United States of America Market PE Ratio Median Figure of 3,082 Publicly-Listed Companies 17.36x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of State Auto Financial.

NasdaqGS:STFC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:STFC Share Price ÷ EPS (both in USD)

= 34.98 ÷ 1.50

23.38x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • State Auto Financial is overvalued based on earnings compared to the US Insurance industry average.
  • State Auto Financial is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does State Auto Financial's expected growth come at a high price?
Raw Data
NasdaqGS:STFC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 23.38x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
15%per year
United States of America Insurance Industry PEG Ratio Median Figure of 66 Publicly-Listed Insurance Companies 1.58x
United States of America Market PEG Ratio Median Figure of 2,120 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

NasdaqGS:STFC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 23.38x ÷ 15%

1.56x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • State Auto Financial is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on State Auto Financial's assets?
Raw Data
NasdaqGS:STFC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $20.68
NasdaqGS:STFC Share Price * NasdaqGS (2019-05-24) in USD $34.98
United States of America Insurance Industry PB Ratio Median Figure of 120 Publicly-Listed Insurance Companies 1.22x
United States of America Market PB Ratio Median Figure of 5,207 Publicly-Listed Companies 1.8x
NasdaqGS:STFC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:STFC Share Price ÷ Book Value per Share (both in USD)

= 34.98 ÷ 20.68

1.69x

* Primary Listing of State Auto Financial.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • State Auto Financial is overvalued based on assets compared to the US Insurance industry average.
X
Value checks
We assess State Auto Financial's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check)
  5. State Auto Financial has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

STFC Future Performance

 How is State Auto Financial expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
15%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is State Auto Financial expected to grow at an attractive rate?
  • State Auto Financial's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • State Auto Financial's earnings growth is expected to exceed the United States of America market average.
  • State Auto Financial's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:STFC Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:STFC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 15%
NasdaqGS:STFC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 3.4%
United States of America Insurance Industry Earnings Growth Rate Market Cap Weighted Average 9.4%
United States of America Insurance Industry Revenue Growth Rate Market Cap Weighted Average 3.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:STFC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:STFC Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,500 116 1
2020-12-31 1,345 93 3
2019-12-31 1,358 104 2
NasdaqGS:STFC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 1,320 -33 64
2018-12-31 1,276 -13 13
2018-09-30 1,374 -23 31
2018-06-30 1,386 24 -12
2018-03-31 1,401 53 -17
2017-12-31 1,422 68 -18
2017-09-30 1,424 112 28
2017-06-30 1,419 90 48
2017-03-31 1,411 94 15
2016-12-31 1,405 114 19
2016-09-30 1,387 103 -8
2016-06-30 1,384 132 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • State Auto Financial's earnings are expected to grow by 15% yearly, however this is not considered high growth (20% yearly).
  • State Auto Financial's revenue is expected to grow by 3.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:STFC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from State Auto Financial Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:STFC Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 2.65 2.65 2.65 1.00
2020-12-31 2.13 2.40 1.90 3.00
2019-12-31 2.62 2.87 2.36 2.00
NasdaqGS:STFC Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 1.50
2018-12-31 0.30
2018-09-30 0.72
2018-06-30 -0.29
2018-03-31 -0.39
2017-12-31 -0.42
2017-09-30 0.68
2017-06-30 1.15
2017-03-31 0.35
2016-12-31 0.46
2016-09-30 -0.20
2016-06-30 0.05

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • State Auto Financial is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess State Auto Financial's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
State Auto Financial has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

STFC Past Performance

  How has State Auto Financial performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare State Auto Financial's growth in the last year to its industry (Insurance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • State Auto Financial's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • State Auto Financial has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • State Auto Financial has become profitable in the last year making it difficult to compare the US Insurance industry average.
Earnings and Revenue History
State Auto Financial's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from State Auto Financial Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:STFC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,319.70 64.30
2018-12-31 1,275.80 12.80
2018-09-30 1,373.50 30.70
2018-06-30 1,385.90 -12.20
2018-03-31 1,400.90 -16.60
2017-12-31 1,422.30 -17.80
2017-09-30 1,424.10 28.40
2017-06-30 1,418.50 48.00
2017-03-31 1,411.30 14.70
2016-12-31 1,404.60 19.20
2016-09-30 1,387.10 -8.40
2016-06-30 1,384.00 2.20
2016-03-31 1,372.90 29.50
2015-12-31 1,368.60 51.20
2015-09-30 1,317.70 113.50
2015-06-30 1,259.30 104.70
2015-03-31 1,216.30 105.00
2014-12-31 1,172.70 107.40
2014-09-30 1,166.70 58.40
2014-06-30 1,168.10 65.00
2014-03-31 1,159.00 68.20
2013-12-31 1,153.00 60.80
2013-09-30 1,160.00 65.30
2013-06-30 1,153.70 41.30
2013-03-31 1,155.10 32.40
2012-12-31 1,150.10 10.70
2012-09-30 1,254.50 89.10
2012-06-30 1,356.10 35.90

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • State Auto Financial has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • State Auto Financial used its assets less efficiently than the US Insurance industry average last year based on Return on Assets.
  • State Auto Financial has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess State Auto Financial's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
State Auto Financial has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

STFC Health

 How is State Auto Financial's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up State Auto Financial's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • State Auto Financial's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • State Auto Financial's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of State Auto Financial's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from State Auto Financial Company Filings, last reported 1 month ago.

NasdaqGS:STFC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 895.30 122.00 72.30
2018-12-31 818.50 122.00 59.80
2018-09-30 869.40 122.00 49.50
2018-06-30 847.00 122.00 40.80
2018-03-31 849.10 122.10 60.90
2017-12-31 835.00 122.10 91.50
2017-09-30 897.20 122.10 111.10
2017-06-30 914.40 122.10 48.80
2017-03-31 901.10 122.10 44.80
2016-12-31 891.30 122.10 51.10
2016-09-30 907.80 122.10 69.50
2016-06-30 901.40 100.50 53.00
2016-03-31 908.90 100.50 47.70
2015-12-31 884.60 100.50 58.10
2015-09-30 875.30 100.80 50.90
2015-06-30 877.50 100.80 50.60
2015-03-31 904.20 100.80 68.40
2014-12-31 872.90 100.80 86.30
2014-09-30 834.50 100.80 82.20
2014-06-30 843.70 100.80 71.50
2014-03-31 817.50 100.80 78.30
2013-12-31 785.00 100.80 80.30
2013-09-30 734.00 100.80 54.30
2013-06-30 711.30 115.70 68.50
2013-03-31 767.50 115.80 64.30
2012-12-31 737.20 115.90 59.00
2012-09-30 739.10 116.00 64.20
2012-06-30 719.70 116.10 55.40
  • State Auto Financial's level of debt (13.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (12.3% vs 13.6% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 15.7x coverage).
X
Financial health checks
We assess State Auto Financial's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. State Auto Financial has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

STFC Dividends

 What is State Auto Financial's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.14%
Current annual income from State Auto Financial dividends. Estimated to be 1.2% next year.
If you bought $2,000 of State Auto Financial shares you are expected to receive $23 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • State Auto Financial's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
  • State Auto Financial's dividend is below the markets top 25% of dividend payers in United States of America (3.76%).
Upcoming dividend payment

Purchase State Auto Financial before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:STFC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
United States of America Insurance Industry Average Dividend Yield Market Cap Weighted Average of 80 Stocks 2.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2008 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:STFC Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.40 1.00
2020-12-31 0.44 3.00
2019-12-31 0.40 2.00
NasdaqGS:STFC Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-10 0.400 1.164
2019-03-01 0.400 1.198
2018-11-09 0.400 1.173
2018-08-10 0.400 1.288
2018-05-11 0.400 1.281
2018-03-02 0.400 1.352
2017-11-10 0.400 1.411
2017-08-11 0.400 1.584
2017-05-05 0.400 1.595
2017-03-03 0.400 1.481
2016-11-11 0.400 1.541
2016-08-12 0.400 1.722
2016-05-06 0.400 1.850
2016-03-04 0.400 1.874
2015-11-06 0.400 1.855
2015-08-07 0.400 1.684
2015-05-08 0.400 1.696
2015-03-06 0.400 1.671
2014-11-07 0.400 1.832
2014-08-08 0.400 1.866
2014-05-02 0.400 1.815
2014-03-07 0.400 1.870
2013-11-08 0.400 1.962
2013-08-09 0.400 2.034
2013-05-03 0.400 2.097
2013-03-01 0.400 2.366
2012-11-09 0.400 2.663
2012-08-10 0.600 3.907
2012-05-04 0.600 4.350
2012-03-02 0.600 4.318
2011-11-04 0.600 4.737
2011-08-12 0.600 4.580
2011-05-06 0.600 3.643
2011-03-04 0.600 3.514
2010-11-05 0.600 3.672
2010-08-13 0.600 3.972
2010-05-07 0.600 3.588
2010-03-05 0.600 3.302
2009-11-06 0.600 3.487
2009-08-14 0.600 3.453

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of State Auto Financial's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (5.2x coverage).
X
Income/ dividend checks
We assess State Auto Financial's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can State Auto Financial afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. State Auto Financial has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

STFC Management

 What is the CEO of State Auto Financial's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mike LaRocco
COMPENSATION $6,191,934
AGE 61
TENURE AS CEO 4 years
CEO Bio

Mr. Michael Edward LaRocco, also known as Mike, has been the President, Chief Executive Officer and Director of State Auto Financial Corporation (“Company”) since May 2015 and its Chairman since January 2016. He serves as President and Chief Executive Officer at Bloomington Compensation Insurance Company. Mr. LaRocco has also served as President and Chief Executive Officer of State Auto Property & Casualty Insurance Company (“State Auto P&C”), Milbank Insurance Company (“Milbank”) and State Auto Insurance Company of Ohio (“SAOH”), each a wholly owned subsidiary of the Company, since May 2015 and as Chairman of State Auto P&C, Milbank and SAOH since January 2016. Mr. LaRocco has served as President, Chief Executive Officer and a Director of State Auto Mutual since May 2015. Prior to joining the State Auto Group, Mr. LaRocco was with Business Insurance Direct, LLC (“BID”), from December 2011 until April 2015. He was chief executive officer of Business Insurance Direct LLC. From January 2013 to July 2014, he was Chief Executive Officer of AssureStart Insurance Agency LLC. Mr. LaRocco served as President and Chief Executive Officer of Fireman’s Fund Insurance Company, a property and casualty insurance company, from March 2008 to July 2011. Previously, he was an executive for Safeco Insurance Companies, which are property and casualty insurance companies, from July 2001 to July 2006.

CEO Compensation
  • Mike's compensation has increased in line with State Auto Financial recently becoming profitable.
  • Mike's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the State Auto Financial management team in years:

3.9
Average Tenure
53
Average Age
  • The tenure for the State Auto Financial management team is about average.
Management Team

Mike LaRocco

TITLE
Chairman
COMPENSATION
$6M
AGE
61
TENURE
4 yrs

Steve English

TITLE
Senior VP & CFO
COMPENSATION
$2M
AGE
57
TENURE
12.4 yrs

Greg Tacchetti

TITLE
Senior VP and Chief Information & Strategy Officer
COMPENSATION
$2M
AGE
49
TENURE
3.8 yrs

Kim Garland

TITLE
Senior VP of Commercial Lines & MD of State Auto Labs
COMPENSATION
$2M
AGE
52
TENURE
3.8 yrs

Paul Stachura

TITLE
Senior VP & Chief CARE Officer
COMPENSATION
$2M
AGE
60
TENURE
3.7 yrs

Scott Jones

TITLE
VP & Chief Investment Officer
AGE
54
TENURE
7.2 yrs

Matthew Pollak

TITLE
VP, Chief Accounting Officer & Treasurer
AGE
52
TENURE
6.1 yrs

Tara Shull

TITLE
Vice President of Financial

Natalie Schoolcraft

TITLE
Director of Investor Relations

Melissa Centers

TITLE
Senior VP
AGE
46
TENURE
3.5 yrs
Board of Directors Tenure

Average tenure and age of the State Auto Financial board of directors in years:

4
Average Tenure
63
Average Age
  • The tenure for the State Auto Financial board of directors is about average.
Board of Directors

Mike LaRocco

TITLE
Chairman
COMPENSATION
$6M
AGE
61
TENURE
3.3 yrs

David Meuse

TITLE
Lead Director
COMPENSATION
$193K
AGE
73
TENURE
4 yrs

Bob Baker

TITLE
Director
COMPENSATION
$178K
AGE
71
TENURE
12 yrs

Eileen Mallesch

TITLE
Director
COMPENSATION
$183K
AGE
62
TENURE
8.8 yrs

Mike Fiorile

TITLE
Director
COMPENSATION
$181K
AGE
64
TENURE
4 yrs

Sharon Roberts

TITLE
Director
COMPENSATION
$166K
AGE
65
TENURE
17.3 yrs

Kym Hubbard

TITLE
Director
COMPENSATION
$166K
AGE
61
TENURE
2.7 yrs

Sisi Pouraghabagher

TITLE
Director
COMPENSATION
$166K
AGE
47
TENURE
1.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess State Auto Financial's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. State Auto Financial has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

STFC News

Simply Wall St News

Is State Auto Financial Corporation's (NASDAQ:STFC) Future Growth Already Accounted For In Today's Price?

Looking at State Auto Financial Corporation’s (NASDAQ:STFC) fundamentals some investors are wondering if its last closing price of $34.45 represents a good value for money for this high growth stock. … View our latest analysis for State Auto Financial? … Analysts are predicting good growth prospects for State Auto Financial over the next couple of years

Simply Wall St -

Should You Be Concerned About State Auto Financial Corporation's (NASDAQ:STFC) ROE?

Our data shows State Auto Financial has a return on equity of 1.6% for the last year. … That means that for every $1 worth of shareholders' equity, it generated $0.016 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

If You Had Bought State Auto Financial Shares Three Years Ago You'd Have Made 59%

For example, the State Auto Financial Corporation (NASDAQ:STFC) share price is up 59% in the last three years, clearly besting than the market return of around 41% (not including dividends). … During three years of share price growth, State Auto Financial moved from a loss to profitability. … This free interactive report on State Auto Financial's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.

Simply Wall St -

Is State Auto Financial Corporation's (NASDAQ:STFC) CEO Pay Justified?

Mike LaRocco has been the CEO of State Auto Financial Corporation (NASDAQ:STFC) since 2015. … View our latest analysis for State Auto Financial … How Does Mike LaRocco's Compensation Compare With Similar Sized Companies?

Simply Wall St -

What Does State Auto Financial Corporation's (NASDAQ:STFC) P/E Ratio Tell You?

To keep it practical, we'll show how State Auto Financial Corporation's (NASDAQ:STFC) P/E ratio could help you assess the value on offer. … Based on the last twelve months, State Auto Financial's P/E ratio is 48.28. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Did State Auto Financial Corporation (NASDAQ:STFC) Insiders Buy Up More Shares?

So we'll take a look at whether insiders have been buying or selling shares in State Auto Financial Corporation (NASDAQ:STFC). … The Last 12 Months Of Insider Transactions At State Auto Financial. … In total, State Auto Financial insiders bought more than they sold over the last year

Simply Wall St -

Consider This Before Buying State Auto Financial Corporation (NASDAQ:STFC) For The 1.2% Dividend

Historically, State Auto Financial Corporation (NASDAQ:STFC) has paid dividends to shareholders, and these days it yields 1.2%. … Does State Auto Financial tick all the boxes of a great dividend stock? … See our latest analysis for State Auto Financial

Simply Wall St -

Does State Auto Financial Corporation's (NASDAQ:STFC) Recent Track Record Look Strong?

Below, I will assess State Auto Financial Corporation's (NASDAQ:STFC) track record on a high level, to give you some insight into how the company has been performing against its historical trend and its industry peers. … Did STFC beat its long-term earnings growth trend and its industry. … Furthermore, this one-year growth rate has exceeded its 5-year annual growth average of -38%, indicating the rate at which STFC is growing has accelerated

Simply Wall St -

Is State Auto Financial Corporation's (NASDAQ:STFC) CEO Overpaid Relative To Its Peers?

In 2015 Mike LaRocco was appointed CEO of State Auto Financial Corporation (NASDAQ:STFC). … How Does Mike LaRocco's Compensation Compare With Similar Sized Companies. … A first glance this seems like a real positive for shareholders, since Mike LaRocco is paid less than the average compensation paid by similar sized companies.

Simply Wall St -

Should You Buy State Auto Financial Corporation (NASDAQ:STFC)?

State Auto Financial Corporation (NASDAQ:STFC), a insurance company based in United States,. … As a small cap stock, which tends to lack high analyst coverage, there is generally more of an opportunity for mispricing as there is less activity to push the stock closer to fair value? … Today I will analyse the most recent data on State Auto Financial’s outlook and valuation to see if the opportunity still exists

Simply Wall St -

STFC Company Info

Description

State Auto Financial Corporation, through its subsidiaries, engages in writing personal and business insurance products. It operates through four segments: Personal Insurance, Commercial Insurance, Specialty Insurance, and Investment Operations. The Personal Insurance segment primarily provides personal automobile, homeowners insurance, and other personal insurance products. The commercial insurance segment primarily provides commercial automobile, commercial multi-peril, fire and allied, general liability, and workers’ compensation insurance covering small-to-medium sized commercial insurance market, as well as farm and ranch insurance. The Specialty Insurance segment provides commercial coverages that require specialized product underwriting, claims handling, or risk management services. The Investment Operations segment provides investment management services to affiliated insurance companies. The company markets its products primarily through independent agencies, including retail agencies and wholesale brokers. The company was founded in 1950 and is headquartered in Columbus, Ohio. State Auto Financial Corporation is a subsidiary of State Automobile Mutual Insurance Company.

Details
Name: State Auto Financial Corporation
STFC
Exchange: NasdaqGS
Founded: 1950
$1,518,246,384
43,403,270
Website: http://www.stateauto.com
Address: State Auto Financial Corporation
518 East Broad Street,
Columbus,
Ohio, 43215,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS STFC Common Shares Nasdaq Global Select US USD 28. Jun 1991
Number of employees
Current staff
Staff numbers
1,854
State Auto Financial employees.
Industry
Property and Casualty Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/24 23:46
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2019/05/19
Last earnings filing: 2019/05/03
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.