Type | Public company |
---|---|
NASDAQ, STFC | |
Industry | Insurance |
Founded | 16 September 1921 |
Founder | Robert Pein |
Headquarters | 518 East Broad Street, |
Owner | Liberty Mutual |
State Automobile Mutual Insurance Company, commonly shortened to State Auto Mutual or State Auto, is an American insurance company based in Columbus, Ohio. It was incorporated in 1921 as the first casualty insurance company to be headquartered in Columbus. [1] [2] In 2022, it was acquired by Liberty Mutual for approximately $1 billion. [3]
On September 16, 1921, Robert "Bob" Pein founded the State Automobile Mutual Insurance Company with $30,000 of borrowed funds and three employees at 257 East Broad Street. Pein believed that the American automobile insurance market was too dominated by east-coast companies who set rates too high, in addition to employing contractors to serve as claims adjusters rather than employing them full-time. In 1929, the corporation moved to its current site at 518 East Broad Street. [1]
The first winter after the completion of the current State Auto building, Pein created an elaborate Christmas display so as to boost the spirits of Columbus residents during the Great Depression, what he would later call a "Christmas Card to the community". [4] [1] In 1962, a life-size nativity scene was added to the display, being featured alongside performances from local choirs. The exhibit continued each year, with a 3D camera designed for insurance inspections adding a virtual aspect to the Christmas Corner during the COVID-19 pandemic. [4] The nativity scene was donated to the Museum of Catholic Art and History in August 2023, and its public wintertime display will be moved a few blocks west on Broad Street to the lawn of St. Joseph Cathedral. [5] [6]
Since 1921, State Auto has expanded into serving the property insurance market in addition to the casualty insurance market it was founded to serve. Its stock, traded under the ticker STFC, is on the NASDAQ Global Select Market. Kim Garland was appointed its president following its acquisition by Liberty Mutual in 2022. [7]
The United Services Automobile Association (USAA) is an American financial services company providing insurance and banking products exclusively to members of the military, veterans, and their families. It was founded in 1922 in San Antonio, Texas, by a group of 25 U.S. Army officers as a mechanism for mutual self-insurance when they were unable to secure auto insurance because of the perception that they, as military officers, were a high-risk group.
State Farm Insurance is a group of mutual insurance companies throughout the United States with corporate headquarters in Bloomington, Illinois. Founded in 1922, it is the largest property, casualty, and auto insurance provider in the United States.
Nationwide Mutual Insurance Company and affiliated companies, commonly shortened to Nationwide, is a group of large U.S. insurance and financial services companies based in Columbus, Ohio. The company also operates regional headquarters in Scottsdale, Arizona; Des Moines, Iowa and San Antonio, Texas. Nationwide currently has approximately 25,000 employees, and is ranked No. 83 in the 2023 Fortune 500 list. Nationwide is currently ranked No. 21 in Fortune's "100 Best Companies to Work For".
American Family Insurance, also abbreviated as AmFam, is an American private mutual company that focuses on property, casualty, and auto insurance, and also offers commercial insurance, life, health, and homeowners coverage as well as investment and retirement-planning products. A Fortune 500 company, its revenues were over $9.5 billion in 2017.
Liberty Mutual Group is an American diversified global insurer and the sixth-largest property and casualty insurer in the United States. It ranks 71st on the Fortune 100 list of largest corporations in the United States based on 2020 revenue. Based in Boston, Massachusetts, and featuring the Statue of Liberty on its logo, it employs over 45,000 people in more than 900 locations throughout the world. As of December 31, 2021, Liberty Mutual Insurance had $156.043 billion in consolidated assets, $128.195 billion in consolidated liabilities and $48.2 billion in annual consolidated revenue.
Markel Group Inc. is a group of companies headquartered in Richmond, Virginia, and originally founded in 1930 as an insurance company.
WSYX is a television station in Columbus, Ohio, United States, affiliated with ABC, MyNetworkTV and Fox. It is owned by Sinclair Broadcast Group, which provides certain services to TBD station WTTE and Chillicothe-licensed CW affiliate WWHO under separate local marketing agreements (LMAs). However, Sinclair effectively owns WTTE as the majority of Cunningham's stock is owned by the family of deceased group founder Julian Smith. The stations share studios on Dublin Road in Grandview Heights, while WSYX's transmitter is located in the Franklinton section of Columbus.
The Hartford Financial Services Group, Inc., usually known as The Hartford, is a United States-based investment and insurance company. The Hartford is a Fortune 500 company headquartered in its namesake city of Hartford, Connecticut. It was ranked 160th in Fortune 500 in the year of 2020. The company's earnings are divided between property-and-casualty operations, group benefits and mutual funds.
Konecranes Oyj is a Finnish company, headquartered in Hyvinkää, which specializes in the manufacture and service of cranes and lifting equipment as well as the service of machine tools.
The Mutual Benefit Life Insurance Company was a life insurance company that was chartered in 1845 and based in Newark in Essex County, New Jersey, United States. The company was headed by Frederick Frelinghuysen (1848–1924). The company was known as the "Tiffany" of insurance companies, a reference to its reputation as the life insurance company to the upper classes.
Kemper is an American insurance provider with corporate headquarters located in Chicago, Illinois. With nearly $13 billion in assets, the Kemper family of companies provides insurance to individuals, families, and businesses.
The Commerce Insurance Company, formerly known as Commerce Insurance Group, was an American company that provided personal insurance, commercial property insurance, and casualty insurance in Massachusetts and New Hampshire. Their core product lines included personal automobile, homeowners, and commercial auto insurance.
NJM Insurance Group is an American mutual insurance group of companies, offering personal auto, commercial auto, workers' compensation, homeowners, condo, renters, and umbrella insurance. It is headquartered in the West Trenton section of Ewing Township, Mercer County, New Jersey, and serves markets in Connecticut, Delaware, Maryland, New Jersey, New York, Ohio, and Pennsylvania.
The National Association of Mutual Insurance Companies (NAMIC) is the only U.S. trade association representing mutual property/casualty insurance companies. Founded in 1895, NAMIC has been serving its U.S. and Canadian members in areas of advocacy and education.
Liberty General Insurance Limited is a private general insurance company headquartered in Mumbai, India. It is a joint venture among US property casualty insurer Liberty Mutual Insurance Group, Indian private investment fund Enam Securities, and Indian industrial conglomerate DP Jindal Group.
Grange Mutual Casualty Company, commonly known as Grange Insurance, is an American insurance company based in Columbus, Ohio. Grange market's network is about 3,600 independent agents to offer home, auto, life, and business insurance protection to policyholders. The company, formed in 1935, now operates in 13 states. These states include Georgia, Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia, and Wisconsin.
Covéa is a French mutual insurance company that covers property, liability and reinsurance businesses headquartered in Paris. It was formed from the merger of three separate French mutual insurance companies Garantie Mutuelle des Fonctionnaires (GMF), Mutuelle d'assurance des artisans de France (MAAF) and Mutuelle du Mans Assurance (MMA).
La Capitale Financial Group Inc. was a Canadian business that provided insurance products and financial services in Quebec, Canada. The company was headquartered in Quebec City and mainly active in Quebec, though extending its services into Ontario since 2008. With more than 900 institutions and 600,000 members of staff, La Capitale General Insurance ranked among the largest insurers in Quebec.
The Museum of Catholic Art and History, formerly known as the Jubilee Museum and Catholic Cultural Center, is a museum of Catholic relics and art in Columbus, Ohio. The museum is located on Broad Street in Downtown Columbus, where it reopened in late 2021. The museum was formerly located at the schoolhouse of the Holy Family Church in the city's Franklinton neighborhood, from 1998 to 2019.