State Auto Financial Q1 2010 Earnings Call Transcript

State Auto Financial (STFC)

Q1 2010 Earnings Call

April 29, 2010 10:00 am ET

Executives

Steve English - CFO

Bob Restrepo - Chairman, President and CEO

Analysts

Mike Phillips - Stifel Nicolaus

Matt Rohrmann - KBW

Caroline Steers - Macquarie

Presentation

Operator

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Welcome to the State Auto Financial’s first quarter 2010 Earnings Call. Initially you will be in listen-only mode. Today’s call is being recorded. If you have any objections, you should disconnect at this time. (Operator Instructions)

At this point, I would like to turn the call over to Mr. Steve English, State Auto’s Chief Financial Officer. Mr. English, you may proceed.

Steve English

Good morning and welcome to our first quarter 2010 earnings conference call.

Today I’m joined by several members of STFC’s senior management team. Our Chairman, President and CEO, Bob Restrepo; Chief Operating Officer, Mark Blackburn; Chief Investment Officer, Jim Duemey; Chief Actuarial Officer, Matt Mrozek; and our Chief Accounting Officer and Treasurer, Cindy Powell.

Today’s call will include prepared remarks by our CEO, Bob Restrepo and me, after which we will open the lines for questions

Please note our comments today may include forward looking statements which by their nature involve a number of risk factors and uncertainties, which may affect future financial performance. Such risk factors may cause actual results to differ materially from those contained in our projections or forward-looking statements. These types of factors are discussed at the end of our press release as well as in our annual and quarterly filings with the Securities and Exchange Commission to which I refer you.