State Auto Financial Reports First Quarter 2020 Results
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State Auto Financial (STFC) Misses Q1 EPS by 58c, Revenues Miss
May 6, 2020 6:08 AM EDTState Auto Financial (NASDAQ: STFC) reported Q1 EPS of ($0.18), $0.58 worse than the analyst estimate of $0.40. Revenue for the quarter came in at $214.8 million versus the consensus estimate of $352.95 million.
Quarterly loss of $2.62 per shareQuarterly net loss from operations1 of $0.18 per shareQuarterly GAAP combined ratio of 107.2Return on equity of (8.7)%Book value per share of $19.83STFCs Chairman, President and CEO Mike LaRocco commented on the quarter as follows:
"The COVID-19 pandemic is a test unlike any weve faced, as a society and... More
