State Auto operated as a regional insurer focusing on personal auto, homeowners, and commercial insurance through independent insurance agents across 27 states. Following its acquisition by Liberty Mutual, the company now operates as a subsidiary within Liberty Mutual's broader insurance portfolio.
Cyborg Score Rationale
Company no longer independently traded; acquired by Liberty Mutual in March 2022. Historical independence metrics are not applicable to current operational status.
Top Insights
Acquired by Liberty Mutual in March 2022 following overwhelming shareholder approval in September 2021
Previously operated as a dividend-paying public company with 122+ consecutive quarterly dividends declared
As of March 2026, TTM revenue was approximately $1.25 billion
Super-regional focus on personal and commercial insurance markets across 27 states
Named Competitors
Allstate Insurance — Major multi-line insurer with personal and commercial P&C coverage
Progressive Insurance — National insurer specializing in auto and property insurance
State Farm — Largest mutual insurer in the US offering auto, home, and commercial coverage
Recent Developments
(March 2022) Liberty Mutual completed acquisition of State Auto Financial Corporation
Open the full interactive State Auto Financial Corporation report
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