State Auto Financial Corporation Fourth Quarter 2003 Earnings Conference Call

COLUMBUS, Ohio--Feb. 1, 20047, 2004--State Auto Financial Corporation , a regional property/casualty insurance holding company, will hold its quarterly conference call to discuss fourth quarter 2003 results on Tuesday, February 24, at 10 a.m., Eastern Time. The call is being webcast by CCBN and can be accessed at State Auto Financial's website at www.stfc.com.

The webcast is also being distributed over CCBN's Investor Distribution Network to both institutional and individual investors. Individual investors can listen to the call through CCBN's individual investor center at www.fulldisclosure.com or by visiting any of the investor sites in CCBN's Individual Investor Network. Institutional investors can access the call via CCBN's password-protected event management site, StreetEvents (www.streetevents.com).

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 3,400 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.