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State Auto Financial Announces Dividend Increase

13 August 1998

State Auto Financial Announces Dividend Increase

    COLUMBUS, Ohio--Aug. 13, 1998--The board of directors of State Auto Financial Corp. voted today to increase the quarterly cash dividend 11 percent to $0.025 per share, payable Sept. 30, 1998, to shareholders of record at the close of business on Sept. 11, 1998.
    The previous cash dividend was $0.0225, adjusted for the two-for-one stock split which was paid July 8, 1998.
    This is the seventh annual dividend increase, as well as the 29th consecutive cash dividend, declared by the company's board since STFC had its initial public offering of common stock on June 28, 1991.
    State Auto Financial Corp. is a property and casualty insurance holding company. The company's principal subsidiary, State Auto P&C, is a regional insurer engaged primarily in writing personal and commercial automobile, homeowners, commercial multi-peril, workers' compensation and fire insurance. The company markets its products through more than 11,300 independent agents associated with approximately 2,000 agencies in 24 states. State Auto's products are marketed primarily in the Midwest and Eastern United States, excluding New York, New Jersey and the New England states.