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4-Traders Homepage  >  Equities  >  Nasdaq  >  State Auto Financial Corp    STFC

STATE AUTO FINANCIAL CORP (STFC)
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On February20, 2018, State Auto Financial Corporation (the "Company") issued a press release disclosing the Company’s results of operations for the three-month period and fiscal year ended December31, 2017 (the “Release"). The full text of the Release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The Release included a non-GAAP financial measure, net income from operations per diluted share. Net income from operations differs from GAAP net income only by the exclusion of realized capital gains (losses), net of applicable taxes, on investment activity for the periods being reported. For the three-month periods ended December31, 2017 and 2016, GAAP net loss was $(0.14) per diluted share while net income was $0.77 per diluted share for the same respective period. Net loss from operations was $(0.46) per diluted share in 2017 while net income was $0.46 per diluted share for the same respective period. For the three-month periods ended December31, 2017 and 2016, realized capital gains, net of applicable taxes, impacted GAAP net (loss) income per diluted share by $0.32 and $0.31, respectively. For the fiscal years ended December31, 2017 and 2016, GAAP net loss was $(0.25) per diluted share while net income was $0.50 per diluted share for the same respective period. For the fiscal years ended December31, 2017 and 2016, net loss from operations per diluted share were $(1.26) and $(0.07), respectively. For the fiscal years ended December31, 2017 and 2016, realized capital gains, net of applicable taxes, impacted GAAP net (loss) income per diluted share by $1.01 and $0.57, respectively.

Management uses net income (loss) from operations because it believes this calculation better indicates the Company’s operating performance than GAAP net income (loss) in that net income (loss) from operations excludes the sometimes volatile realized capital gains/losses, net of applicable federal income taxes, that can produce inconsistent results.

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STATE AUTO FINANCIAL CORPORATION (NASDAQ:STFC) Files An 8-K Results of Operations and Financial Condition

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02/20/2018 | 05:08pm CET

STATE AUTO FINANCIAL CORPORATION (NASDAQ:STFC) Files An 8-K Results of Operations and Financial ConditionItem 2.02.

Results of Operations and Financial Condition.

Section9.

Financial Statements and Exhibits

Item 2.02.

Financial Statements and Exhibits

Exhibit No.

Description of Exhibit

99.1

Press release issued by State Auto Financial Corporation on February 20, 2018, regarding results of operations for the three-month period and fiscal year ended December31, 2017.

State Auto Financial CORP ExhibitEX-99.01 2 a2017year-endpressreleasex.htm PRESS RELEASE Exhibit State Auto Financial reports fourth quarter and year end 2017 results•Quarterly loss of $0.14 per share•Quarterly GAAP combined ratio of 100.9 •Return on equity of (1.2)% •Book value per share of $20.76 COLUMBUS,…To view the full exhibit click here
About STATE AUTO FINANCIAL CORPORATION (NASDAQ:STFC)
State Auto Financial Corporation (State Auto Financial) is a property and casualty insurance holding company. The Company is engaged in writing personal, business and specialty insurance. Its segments include personal insurance, business insurance, specialty insurance and investment operations. Its personal insurance, business insurance and specialty insurance are known as insurance segments of the Company. It writes standard insurance covering personal exposures to individuals in the personal insurance segment. The Company writes insurance covering small-to-medium sized commercial exposures in the business insurance segment. The specialty insurance segment offers commercial coverages requiring product underwriting, claims handling and/or risk management services through a distribution channel of retail agents and wholesale brokers, which include program administrators and other sources. Its investment portfolio is managed by its subsidiary, Stateco Financial Services, Inc.

The post STATE AUTO FINANCIAL CORPORATION (NASDAQ:STFC) Files An 8-K Results of Operations and Financial Condition appeared first on Market Exclusive.

© Market Exclusive 2018, source Market Exclusive

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Financials ($)
Sales 2017 1 395 M
EBIT 2017 -
Net income 2017 9,90 M
Debt 2017 -
Yield 2017 1,37%
P/E ratio 2017 124,34
P/E ratio 2018 25,97
Capi. / Sales 2017 0,89x
Capi. / Sales 2018 0,95x
Capitalization 1 235 M
Chart STATE AUTO FINANCIAL CORP
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State Auto Financial Corp Technical Analysis Chart | STFC | US8557071052 | 4-Traders
Technical analysis trends STATE AUTO FINANCIAL CORP
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 5
Average target price 28,0 $
Spread / Average Target -4,2%
EPS Revisions
Managers
NameTitle
Michael E. LaRocco Chairman, President & Chief Executive Officer
Steven Eugene English Chief Financial Officer & Senior Vice President
Gregory A. Tacchetti Chief Information & Strategy Officer, Senior VP
Sharon Elaine Roberts Independent Director
David R. Meuse Lead Independent Director
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