About State Auto
State Auto is a company based in Columbus (United States) founded in 1921 was acquired by Liberty Mutual in July 2021.. State Auto has completed 1 acquisition, including PGIA. State Auto offers products and services including Auto Insurance, Property Insurance, Liability Insurance, and Workers' Compensation. State Auto operates in a competitive market with competitors including Hagerty, Way, HDVI, Cover Whale and Falcon Insurance Group, among others.
- Headquarter Columbus, United States
- Stage Public
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Sectors
Transportation, Automotive & LogisticsFinancial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name State Automobile Mutual Insurance Company
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Annual Revenue
$1.48 B5as on Dec 31, 2020
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Net Profit
$13.1 M-85as on Dec 31, 2020
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Liberty Mutual
(Jul 12, 2021)
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Products & Services of State Auto
State Auto offers a comprehensive portfolio of products and services, including Auto Insurance, Property Insurance, Liability Insurance, and Workers' Compensation. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Protects against auto-related accidents and damages.
Covers business and personal property from risks.
Addresses legal liabilities for businesses and individuals.
Supports injured workers' health and productivity.
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Software Development Team
275 people
Leadership Team
154 people
Data Analysis and Operations Team
74 people
Sales and Marketing
73 people
Product Management Team
40 people
Legal and Compliance
35 people
Senior Team
25 people
Operations Team
20 people
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Funding Insights of State Auto
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in State Auto
State Auto has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Liberty Mutual. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Insurance solutions are provided for personal and business needs by Liberty Mutual.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by State Auto
State Auto has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include PGIA. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of insurance brokerage services
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2001 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - State Auto
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
State Auto Comparisons
Competitors of State Auto
State Auto operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Hagerty, Way, HDVI, Cover Whale and Falcon Insurance Group, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Automotive insurance solutions are provided to vehicle users.
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| domain | founded_year | HQ Location |
App-based platform to find car parking, auto insurance & car wash services
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| domain | founded_year | HQ Location |
Telematics-based data & monitoring solutions for auto insurers and fleet owners
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| domain | founded_year | HQ Location |
Commercial truck insurance is provided for wholesale and retail sectors.
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| domain | founded_year | HQ Location |
Auto insurance coverage is offered nationwide by Falcon Insurance Group.
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| domain | founded_year | HQ Location |
Traceability solutions for agricultural products are provided using microbial-based tags.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on State Auto
Frequently Asked Questions about State Auto
When was State Auto founded?
State Auto was founded in 1921.
Where is State Auto located?
State Auto is headquartered in Columbus, United States. It is registered at Columbus, Ohio, United States.
Who is the current CEO of State Auto?
Mike LaRocco is the current CEO of State Auto.
What is the annual revenue of State Auto?
Annual revenue of State Auto is $1.48B as on Dec 31, 2020.
What does State Auto do?
State Auto was established in 1921 in Columbus, United States, as a provider in the insurance sector. Automotive insurance services are offered, including coverage for vehicles and related risks. Operations are managed from the headquarters, with a focus on standard policies for personal and commercial use. Leadership is provided by CEO Mike LaRocco. The company serves customers across the United States through its domain, stateauto.com.
Who are the top competitors of State Auto?
What products or services does State Auto offer?
State Auto offers Auto Insurance, Property Insurance, Liability Insurance, and Workers' Compensation.
How many acquisitions has State Auto made?
State Auto has made 1 acquisition, including PGIA.
Who are State Auto's investors?
State Auto has 1 investor. Key investors include Liberty Mutual.
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