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State Auto Insurance history
State Auto Insurance company history timeline
State Automobile Insurance, which wrote auto insurance during its first years in business, moved its headquarters twice by 1925, the year it began writing non-assessable policies, under which policyholders could not be assessed additional fees if the losses became too great.
The company was aided somewhat by the passage of two laws in Ohio, the first of which, promulgated in 1935, was a statute assigning financial responsibility to drivers.
1949 The company's assets exceed $20 million.
In 1958, the company purchased two companies based in Greer, South Carolina, Dixie Fire and Casualty Co. and the Southern Home Insurance Co.
1971 Assets reach $370 million during the company's 50th anniversary.
In 1984, the company derived 80 percent of its revenue from personal business, relying on commercial work for the other 20 percent.
Expansion resumed in earnest, touched off by a move into Mississippi in 1989, but the decade's most profound event was the public debut of the enterprise Pein had created 70 years earlier.
1993 Milbank Insurance Co. is acquired.
In October 2000, two months before Bailey's retirement, State Auto Financial announced it was acquiring Meridian Insurance Group, one of Indiana's largest insurers with $302 million in revenue.
The battle between Shepard and State Auto Financial carried on until mid-2004, when the saga gained a new protagonist.
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State Auto Insurance competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| The Travelers Companies | 1853 | $231.7M | 30,800 | 1,639 |
| GEICO | 1936 | $25.5B | 40,000 | 1,334 |
| Foremost Insurance | 1952 | $250.0M | 12,740 | - |
| Allstate | 1931 | $44.7B | 45,780 | 887 |
| Progressive | 1937 | $35.0M | 43,001 | 183 |
| Chubb | 1882 | $36.0B | 31,000 | 1,103 |
| Safeco Insurance | 1923 | $6.3B | 7,200 | - |
| Mercury Insurance | 1962 | $5.5B | 4,300 | 121 |
| Encompass Insurance | 1999 | $1.0B | 1,400 | - |
| Allied Insurance Brokers | 1982 | $57.0M | 39 | 1 |
State Auto Insurance history FAQs
Zippia gives an in-depth look into the details of State Auto Insurance, including salaries, political affiliations, employee data, and more, in order to inform job seekers about State Auto Insurance. The employee data is based on information from people who have self-reported their past or current employments at State Auto Insurance. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by State Auto Insurance. The data presented on this page does not represent the view of State Auto Insurance and its employees or that of Zippia.
State Auto Insurance may also be known as or be related to State Auto Inc, State Auto Insurance and State Auto Insurance Companies.