State Auto Financial CORP (STFC) [Rocket]

In millions, except per share items	Sep-30-21	Jun-30-21	Mar-31-21	Dec-31-20	Sep-30-20	Jun-30-20	Jun-05-20	Mar-31-20
	10-Q	10-Q	10-Q	8-K	10-Q	10-Q	8-K	10-Q
Total revenues	391.1	414.7	412.2		391.6	434.8	434.8	214.8
Revenue growth	-0.1%	-4.6%	91.9%		17.1%	27.8%	27.8%	-41.6%
Loss and loss adjustment expenses	287.2	299.8	280.8		251.6	271.2		239.4
Investment expenses	0.4		0.3		0.1	0.2		0.3
Other operating expenses	128.1	109.6	124.4		124.0	120.5	434.8	117.9
EBITDA	-23.7	7.3	8.5		17.8	47.0		-141.2
EBITDA margin	-6.1%	1.8%	2.1%		4.5%	10.8%		-65.7%
Depreciation	0.9	2.0	1.8		1.9	4.1		1.6
EBIT	-24.6	5.3	6.7		15.9	42.9	433.6	-142.8
EBIT margin	-6.3%	1.3%	1.6%		4.1%	9.9%	99.7%	-66.5%
Interest income, net [+]	1.1	1.1	1.1		1.1	1.3	0.0	1.2
Interest expense	1.1	1.1	1.1		1.1	1.3		1.2
Interest income	2.2	2.2	2.2		2.2	2.6		2.4
Pre-tax income	-25.7	4.2	5.6		14.8	41.6	0.0	-144.0
Income taxes	-11.4	3.6	2.0		3.2	7.3	7.3	-29.4
Tax rate	44.4%	85.7%	35.7%		21.6%	17.5%		20.4%
Net income	-14.3	0.6	3.6		11.6	34.3	0.0	-114.6
Net margin	-3.7%	0.1%	0.9%		3.0%	7.9%	0.0%	-53.4%

Basic EPS	($0.32)	$0.01	$0.08		$0.26	$0.78		($2.62)
Diluted EPS	($0.32)	$0.01	$0.08		$0.26	$0.78		($2.62)

Shares outstanding (basic)	44.3	44.0	43.9		43.8	43.8		43.7
Shares outstanding (diluted)	44.3	44.8	44.6		44.3	44.1		43.7

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.