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State Auto Financial announces dividend increase


COLUMBUS, Ohio -- August 17, 2000 -- The board of directors of State Auto Financial Corporation (NASDAQ:STFC) voted today to increase the quarterly cash dividend to $0.03 per share, payable September 29, 2000, to shareholders of record at the close of business on September 11, 2000. The previous cash dividend was $0.0275 per share.

This marks STFC's ninth annual dividend increase and 37th consecutive cash dividend since the company's initial public offering of common stock on June 28, 1991.

State Auto Financial Corporation is a regional property and casualty insurance holding company engaged primarily in writing personal and commercial automobile, homeowners, commercial multi-peril, workers' compensation and fire insurance. The Company currently markets its products through more than 13,100 agents associated with approximately 2,200 agencies in 26 states. Products are marketed primarily in the Midwest and Eastern United States, excluding New York, New Jersey and the New England states.

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