Liberty acquires State Auto Group
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Liberty acquires State Auto Group

Jairo Ibarra
July 12, 2021
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Liberty Mutual and State Auto logos Boston MA.jpg

Liberty Mutual has acquired State Auto Group, in a deal that adds $2.3bn of extra premium and a network of 3,400 independent agencies (IAs), transforming the Boston-based mutual into the second largest IA carrier in the US.

As part of the deal, Liberty has agreed to buy Nasdaq-listed State Auto Financial Corporation for $52 per share, representing a 189% premium over the company’s three-month trailing share price of around $18.

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NewsM&APersonal linesState AutoLiberty Mutual
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Jairo Ibarra
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