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State Auto Property And Casualty Insurance Company history
State Auto Property And Casualty Insurance Company company history timeline
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.
In 1991, the company completed its initial public offering (IPO) of stock, a corporate maneuver that required the formation of State Auto Financial Corporation as a holding company for all companies either formed internally or acquired during the previous decades.
1993 Milbank Insurance Co. is acquired.
State Auto Financial completed the transaction in June 2001, a deal that made it the 48th largest property/casualty insurer in the United States with more than $1 billion in written premiums and $2 billion in assets.
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State Auto Property And Casualty Insurance Company competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| 21st Century Insurance | 1958 | $8.4B | 7,500 | - |
| Central States Indemnity | 1977 | $93.3M | 350 | - |
| MMA Insurance plc | 1958 | $684.0M | 360 | - |
| Celedinas Insurance Group | 1959 | $2.2M | 50 | - |
| Electric Insurance | 1966 | $370.0M | 550 | - |
| Delta Dental of Colorado | 1958 | $12.0M | 100 | - |
| Church Mutual Insurance | 1897 | $770.0M | 750 | - |
| AmeriTrust Group | 1955 | $370.0M | 650 | - |
| Boston Mutual Life Insurance | 1891 | $274.2M | 200 | 11 |
| Esurance | 1998 | $1.0B | 3,000 | - |
State Auto Property And Casualty Insurance Company history FAQs
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