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State Auto Financial to Present at 29th Annual AIFA Conference

CONTACT:
Terrence Bowshier
(614) 464-5078

COLUMBUS, Ohio -- February 18, 2004 -- State Auto Financial Corporation (NASDAQ: STFC) today announced that it will be a presenting company at the 29th Annual Association of Insurance and Financial Analysts Conference, to be held Feb. 29 through Mar. 3, 2004 at the Boca Raton Resort & Club in Boca Raton, Florida. Treasurer and CFO Steven Johnston will present an update on State Auto Financial Corporation on Tuesday, Mar. 2, 2004, from 11:00 to 11:40 a.m. Eastern Time.

The presentation is being webcast by V-Call and can be accessed at the Company's web site www.STFC.com.

State Auto Financial Corporation is a regional property and casualty insurance holding company engaged primarily in writing both personal and commercial lines of insurance. The company currently markets its products through more than 22,000 independent agents associated with approximately 3,400 agencies in 26 states. Products are marketed primarily in the central and eastern United States, excluding New York, New Jersey and the New England states.

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