State Auto Financial foresees $66M of net cat losses from recent winter storms

State Auto Financial Corp. estimated that its first-quarter results will include net catastrophe losses including reinsurance reinstatement premiums in the range of $80 million to $82 million.

The estimate includes $66 million of net catastrophe losses from recent winter storms, a significant portion of which is related to Texas.

The company expects to release its first-quarter results May 6 before the open of regular trading.