State Auto shares slide after earnings miss

Shares in State Auto traded down by as much as 8 percent today (28
April) after the US insurer announced Q1 operating earnings per
share of just $0.05, considerably below Wall Street analysts'
consensus estimate of $0.37.
The carrier reported operating income of $2.1mn, down more than
90 percent on the $22.2mn profit it announced for the same period
last year.
The disappointing result was driven by a 65.6 percent
non-catastrophe loss ratio that stemmed from poor personal and
commercial...