State Auto Financial Corp. said Tuesday it expects to take between $76 million and $84 million in catastrophe losses during the second quarter because of strong storms in most of its operating area.
The loss estimate includes $3.4 million related to storms prior to the second quarter.
State Auto Financial said it typically records about $27.6 million in catastrophe losses during the second quarter. During last year's second quarter, the property and casualty insurer took $20.7 million in losses.
Sixteen different storms during the second quarter were considered catastrophes, State Auto Financial said. Those storms affected the insurer's business in 26 of the 33 states where it operates.
State Auto Financial plans to release full second-quarter results July 24.
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