STFC to Present to New York Analysts

COLUMBUS, Ohio--Sept. 10, 2003--State Auto Financial Corporation announced today that it will participate in two New York City stock analyst forums next week. On September 16 at 2:15 p.m., STFC Chief Financial Officer Steve Johnston will present at the Sandler O'Neill Insurance Conference, Grand Hyatt Hotel. On September 17 at 1:20 p.m., Johnston will present at the Wall Street Analyst Forum.

Both presentations will be Web cast live via STFC's web site, www.stfc.com. The Web casts will be available for 30 days following the presentations.

State Auto Financial Corporation is a regional property and casualty insurance holding company engaged primarily in writing personal and commercial automobile, homeowners, commercial multi-peril, general liability, workers' compensation and fire insurance. The company currently markets its products through more than 22,000 independent agents associated with approximately 3,500 agencies in 26 states and the District of Columbia. Products are marketed primarily in the central and eastern United States, excluding New York, New Jersey and the New England states.