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State Auto Financial to Present at 11th Annual FBR Investor Conference

CONTACT:
Terrence Bowshier
(614) 464-5078

COLUMBUS, Ohio -- November 18, 2004 -- State Auto Financial Corporation (NASDAQ:STFC) today announced that it will be a presenting company at the Friedman Billings Ramsey 11th Annual Investor Conference, to be held Nov. 30 through Dec. 1, 2004 at the Grand Hyatt in New York. Treasurer and CFO Steven Johnston will present an update on State Auto Financial Corporation on Tuesday, Nov. 30, 2004, from 4:20 to 4:50 p.m. Eastern Time.

The presentation is being webcast 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 22,700 independent agents associated with approximately 3,300 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. The State Auto Insurance Companies poll carries an A+ (Superior) rating from the A.M. Best Co.

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