Hats off to State Auto for having only a 105 combined for the 3rd quarter despite 4 hurricanes. The core loss ratio comment, as well as the full 9 months results, are indicative of a solid operating year, especially compared to 2003 which was very good. Year after year this organization does a very nice job by emphasizing adequate premiums and proper risk selection. Maintaining such fundamentals usually lead to superior results and can overcome such storm activity.
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Hats off to State Auto for having only a 105 combined for the 3rd quarter despite 4 hurricanes. The core loss ratio comment, as well as the full 9 months results, are indicative of a solid operating year, especially compared to 2003 which was very good. Year after year this organization does a very nice job by emphasizing adequate premiums and proper risk selection. Maintaining such fundamentals usually lead to superior results and can overcome such storm activity.