Liberty Mutual Acquires "Super Regional" Auto Insurer

The deal is expected to close in 2022. Liberty Mutual will buy the company at $52 per share. 

July 14, 2021—Liberty Mutual has bought “super-regional” auto insurer State Auto Group, the company announced in a press release. 

“The opportunity to join the Liberty Mutual organization is a direct result of the incredible work of the State Auto team, beginning with the transformation of our business and culture that began in 2015,” State Auto CEO Mike LaRocco said in a statement. “We’ve become a digital provider of auto, home and business insurance while remaining fully committed to the independent agency system, as we’ve been since our founding 100 years ago. Our partnership with Liberty Mutual will further that commitment to independent agents and contribute to the collective success of our agents, policyholders, shareholders and associates.”

The deal is expected to close in 2022. Liberty Mutual will buy the company for $52 a share. Through the deal, Liberty Mutual will add $2.3 billion in premium and State Auto’s network of approximately 3,400 independent agencies across 33 states. 

About the Author

FenderBender Staff Reporters

The FenderBender staff reporters have nearly four decades of combined journalism and collision repair experience.

Subscribe to our Newsletters

Latest in Latest News

I-CAR
I-CAR RTS logo
I-CAR's Repairability Technical Support portal and mobile app can get technicians the repair information they need quickly.
June 17, 2025
ASE
ase_instructor_training_conference
The conference will feature a sponsor expo to connect with high school and college instructors on July 22. Conference attendees will also enjoy a barbeque and tour of the Anheuser...
June 17, 2025
SCRS
scrs_estimating_tip
SCRS shares this tip and others from the Database Enhancement Gateway website.
June 17, 2025