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					1,406.2	1,349.1		1,254.4
Revenue growth					7.6%	2.4%		-4.9%
Loss and loss adjustment expenses					762.2	719.0		682.7
Investment expenses					0.6	0.6		0.5
Other operating expenses					684.9	673.0		663.9
EBITDA					1,242.9	1,241.4		1,188.8
EBITDA margin					88.4%	92.0%		94.8%
Depreciation					1.4	1.9		-1.5
EBIT					1,241.5	1,239.5		1,190.3
EBIT margin					88.3%	91.9%		94.9%
Interest expense, net [+]					0.1	7.4		7.4
Interest expense					7.3	7.4		7.4
Interest income					7.2	7.4		7.4
Pre-tax income					-48.8	-50.9		-100.1
Income taxes					-11.2	-13.2		-21.9
Tax rate					23.0%	25.9%		21.9%
Net income					-37.6	-37.7		-78.2
Net margin					-2.7%	-2.8%		-6.2%

Basic EPS					($0.86)	($0.87)		($1.80)
Diluted EPS					($0.85)	($0.86)		($1.78)

Shares outstanding (basic)					43.7	43.6		43.5
Shares outstanding (diluted)					44.1	44.1		43.9

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