Forward-looking statements speak only as the date the statements were made. STFC Pooled Companies Refers to State Auto P&C, Milbank, and SA Ohio. A combined ratio under 100% generally indicates an underwriting profit. Standard insurance Insurance which is typically written by admitted insurers. Our personal and commercial insurance segments are comprised of standard insurance. The operations of the State Auto Group are headquartered in Columbus, Ohio. Inner Circle Agencies are rewarded with additional incentives. Claims handling and reporting guidelines are established and provided to each TPA. Our loss reserves are not discounted to present value. The property and casualty insurance industry is also affected by court decisions. At the foundation of our culture is mutual respect and trust for one another. We become more inclusive by not wasting a single voice. In that case, the market price of our stock could decline materially. We should complete the rollout for these three lines in all states by the end of 2021. All of our new business sales should be on the Connect platform by the end of 2021. These agents 18are accessed by clients via the Internet and do not have retail locations. An influx of agencies are joining larger independent network agencies. Many of these items are not directly quantifiable, particularly on a prospective basis. We view fracking as a potential emerging risk facing the industry. We rely on services and products provided by various vendors. These threats come in a variety of forms, such as viruses and malicious software. Controls employed by these vendors may prove inadequate. The personal lines products are influenced by a collection of loss cost trends. Economic conditions affect consumer behavior. Vacated homes and business properties pose increased insurance industry risk. Retentions and deductibles may be exhausted more quickly. Court decisions have also negated legal reforms passed by state legislatures. Our portfolio also contains a number of securities issued by corporations. As a result, our portfolio could suffer permanent loss of capital. These lawsuits are in various stages of development. Index100.00 115.63 119.32 109.16 138.32 139.62 Item 6. Selected Consolidated Financial DataNot applicable. Our net premium growth of 10.7% was above the industry average. None of our Pooled Companies currently intends to terminate the Pooling Arrangement. 8226;The SAP catastrophe loss and ALAE ratio was 14.9%, or $206.2 million. This nonparallel change would alter the value of the fixed maturity portfolio. We do not maintain a trading portfolio. Prepayment of the 2018 FHLB Loan would require a prepayment fee. The State Auto Group is responsible for catastrophe losses above $270.0 million. Under the current Pooling Arrangement, STFC will recover 35% of these payments. These methods are described below. They are primarily relied upon for certain auto coverages. The group Medicare advantage program is less than half the cost of the self-insured plan. These estimates by their nature are subject to uncertainties for various reasons.d. Anticipated salvage and subrogation is estimated using historical experience. PremiumsPremiums are recognized as earned pro rata over the policy period. This had no impact on the underwriting results or cash flows of the Company. The FHLB Loans have been placed in Level 3 of the fair value hierarchy. See Note 4 for the notes receivable fair value discussion.d. At December 31, 2020, t
