State Auto Financial Corporation (STFC) Financial Statements (2024 and earlier)
Company Profile
Business Address |
518 EAST BROAD STREET COLUMBUS, OH 43215 |
State of Incorp. | OH |
Fiscal Year End | December 31 |
Industry (SIC) | 6331 - Fire, Marine, and Casualty Insurance (benchmarking) |
More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
9/30/2021 MRQ | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
---|---|---|---|---|---|---|---|---|---|
ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 480 | 473 | 31 | 92 | 51 | 58 | |||
Cash and cash equivalents | 91 | 78 | 60 | 92 | 51 | 58 | |||
Short-term investments | 390 | 395 | (29) | ||||||
Receivables | 391 | 377 | 354 | 328 | 317 | 300 | |||
Total current assets: | 872 | 851 | 385 | 419 | 368 | 358 | |||
Noncurrent Assets | |||||||||
Property, plant and equipment | 4 | 4 | 7 | 7 | 7 | 8 | |||
Deferred income tax assets | 27 | ✕ | ✕ | ✕ | ✕ | ||||
Deferred tax assets, net | ✕ | ✕ | ✕ | 49 | 42 | ||||
Total noncurrent assets: | 32 | 4 | 7 | 7 | 57 | 49 | |||
Other undisclosed assets | 2,200 | 2,131 | 2,504 | 2,588 | 2,535 | 2,422 | |||
TOTAL ASSETS: | 3,103 | 2,985 | 2,896 | 3,014 | 2,959 | 2,829 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Noncurrent Liabilities | |||||||||
Other undisclosed liabilities | 2,093 | 2,026 | 2,077 | 2,133 | 2,068 | 1,944 | |||
Total liabilities: | 2,093 | 2,026 | 2,077 | 2,133 | 2,068 | 1,944 | |||
Equity | |||||||||
Equity, attributable to parent | 1,010 | 960 | 819 | 881 | 891 | 885 | |||
Common stock | 127 | 126 | 125 | 123 | 122 | 120 | |||
Treasury stock, value | (118) | (118) | (117) | (117) | (117) | (116) | |||
Additional paid in capital | 213 | 207 | 194 | 172 | 160 | 154 | |||
Accumulated other comprehensive income (loss) | 14 | (38) | (96) | 37 | 33 | 38 | |||
Retained earnings | 774 | 783 | 713 | 666 | 694 | 689 | |||
Total equity: | 1,010 | 960 | 819 | 881 | 891 | 885 | |||
TOTAL LIABILITIES AND EQUITY: | 3,103 | 2,985 | 2,896 | 3,014 | 2,959 | 2,829 |
Income Statement (P&L) ($ in millions)
9/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 1,482 | 1,410 | 1,276 | 1,421 | 1,405 | 1,369 | ||
Premiums earned, net | 1,381 | 1,253 | 1,238 | ✕ | ✕ | ✕ | ||
Financial services revenue | ✕ | ✕ | ✕ | ✕ | 1,275 | 1,292 | 1,271 | |
Cost of revenue (Deferred Policy Acquisition Costs, Amortization Expense) | (237) | (217) | (220) | (258) | (290) | (283) | ||
Gross profit: | 1,246 | 1,194 | 1,056 | 1,164 | 1,115 | 1,086 | ||
Operating expenses | (1,468) | (1,303) | (1,263) | (1,388) | (1,386) | (1,301) | ||
Operating loss: | (222) | (110) | (207) | (224) | (271) | (216) | ||
Interest and debt expense | (5) | (5) | (6) | (6) | (0) | (5) | ||
Other undisclosed income from continuing operations before equity method investments, income taxes | 241 | 221 | 226 | 264 | 291 | 288 | ||
Income from continuing operations before income taxes: | 14 | 107 | 13 | 33 | 19 | 67 | ||
Income tax expense (benefit) | (1) | (20) | (0) | (44) | 2 | (16) | ||
Income (loss) from continuing operations: | 13 | 87 | 13 | (11) | 21 | 51 | ||
Income (loss) before gain (loss) on sale of properties: | ✕ | 13 | 87 | 13 | (11) | 21 | 51 | |
Net income (loss): | 13 | 87 | 13 | (11) | 21 | 51 | ||
Other undisclosed net loss attributable to parent | (18) | (2) | (24) | |||||
Net income (loss) available to common stockholders, basic: | 13 | 87 | (5) | (13) | (3) | 51 | ||
Dilutive securities, effect on basic earnings per share | (1) | |||||||
Other undisclosed net income available to common stockholders, diluted | 18 | 2 | 24 | |||||
Net income (loss) available to common stockholders, diluted: | 13 | 86 | 13 | (11) | 21 | 51 |
Comprehensive Income ($ in millions)
9/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
---|---|---|---|---|---|---|---|---|
Net income (loss): | 13 | 87 | 13 | (11) | 21 | 51 | ||
Other comprehensive income (loss) | 41 | 59 | (36) | 4 | (5) | (34) | ||
Comprehensive income (loss), net of tax, attributable to parent: | 54 | 146 | (24) | (7) | 16 | 17 |
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.