Who Is State Auto Owned By?

state auto acquired by liberty mutual insurance

Is State Auto Part of Safeco?

In 2008, Safeco was bought by Liberty Mutual Insurance Company, a change that allows Safeco to focus solely on personal insurance lines today. In 1921, Robert S. Pein started state automobile insurance company with a borrowed sum of $30,000.

When did Liberty Mutual buy State Auto?

BOSTON, March 1, 2022 /PRNewswire/ — Liberty Mutual Insurance has completed the acquisition of State Auto Group, a super-regional property and casualty insurance holding company headquartered in Columbus, Ohio that distributes personal and small commercial coverages in 33 states through approximately 3,400 independent.

Is state auto insurance a public company?

State Auto Financial Corporation, headquartered in Columbus, Ohio, is a super regional property and casualty insurance holding company and is proud to be a Trusted Choice® company partner. STFC stock is traded on the NASDAQ Global Select Market, which represents the top fourth of all NASDAQ listed companies.

Is State Auto owned by Liberty Mutual?

State Auto has been acquired by Liberty Mutual Insurance through a mutual transaction and merger While we’re thrilled to join Liberty Mutual, for the time being we’ll continue to operate as State Auto with our same brand, products, systems, Customer Service team and staff.

Is Liberty Mutual now Safeco?

Safeco Insurance is a proud part of Liberty Mutual Insurance , a Fortune 100 company 2 and the sixth-largest personal lines insurer in the country 3.

Did Safeco and Liberty Mutual merger?

In September 2008, Safeco became part of Liberty Mutual Insurance The financial strength of our parent company, combined with a national network of local independent agents, has enabled Safeco to focus exclusively on personal insurance.

Did Liberty Mutual get bought out?

Liberty Mutual to buy Columbus-based State Auto Financial State Auto Financial said Monday that it is being bought by Boston-based Liberty Mutual in a $1 billion deal being pitched as a way to help Liberty expand its offerings for small commercial insurance and consumers.

What states does state auto insurance company write in?

State Auto Insurance Company Overview State Auto now provides services in 33 states including Texas, Michigan, Ohio, Kentucky, north carolina, Illinois, South Carolina, Tennessee, West Virginia, Pennsylvania, Mississippi, and Minnesota.

Who did State Farm buy out?

In September, State Farm Mutual Automobile Insurance Company announced an agreement to acquire non-standard auto insurer GAINSCO for approximately $400 million in cash. The transaction closed on Dec. 31. The closing finalizes the first acquisition of an insurance company by State Farm in the company’s 98-year history.

Did Liberty Mutual buy safe auto?

Also, Liberty Mutual will acquire all the publicly held shares of common stock of State Auto Financial for $52 per share in a cash deal of about $1 billion. Liberty Mutual acquired specialty insurer Ironshore in 2017 and Safeco in 2008.

What is Liberty Mutual symbol?

LMAC – Liberty Mutual Agency Share Price.