State Auto posts $9.2mn Q1 loss

Ohio-headquartered carrier State Auto Financial Corporation
reported a worse-than-expected $9.2mn net operating loss in the
first quarter as increased catastrophe activity took its toll.
The result translated to a net operating loss of $0.22 per
diluted share, which was below the consensus analyst expectation of
a $0.06 operating loss per share, according to MarketWatch. The
first-quarter loss compared with a net profit from operations of
$2.1mn in the same period of last year, when it made $0.0