State Auto Financial to Present at Piper Jaffray Financial Services Conference

State Auto Financial Corporation (NASDAQ:STFC) today announced that it will be a presenting company at the Piper Jaffray Financial Services Conference, to be held March 20-21, 2006, at the New York Palace Hotel in New York City. Treasurer and CFO Steven Johnston will present an update on State Auto Financial Corporation on Tuesday, March 21, 2006, from 12:00 to 12:15 p.m. Eastern Time.

State Auto Financial’s presentation is being webcast and can be accessed at the Company’s web site www.STFC.com. The entire conference including STFC’s webcast can be found at www.piperjaffray.com/hcwebcast.

State Auto Financial Corporation, headquartered in Columbus, Ohio, is a property and casualty insurance holding company. The company markets its personal and commercial insurance products through more than 22,000 independent insurance agents associated with nearly 3,100 agencies in 27 states. The company has been named Forbes Magazine’s “Best Managed Insurance Company in America” for 2006 and is one of only 314 publicly traded companies to earn the Mergent Dividend Achiever Award for having increased its dividends for ten or more years in succession. The State Auto Insurance Companies are rated A+ (Superior) by the A.M. Best Company.