SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D. C. 20549

                         -----------------------------

                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934


 Date of Report (Date of earliest event reported): July 21, 2003 (July 18, 2003)


                        State Auto Financial Corporation
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             (Exact name of registrant as specified in its charter)

                                      Ohio
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                 (State or other jurisdiction of incorporation)

           0-19289                                      31-1324304
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   (Commission File Number)                  (IRS Employer Identification No.)


                518 East Broad Street, Columbus, Ohio   43215-3976
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               (Address of principal executive offices) (zip code)


       Registrant's telephone number, including area code: (614) 464-5000
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                                       N/A
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          (Former name or former address, if changed since last report)








ITEM 5.  OTHER EVENTS AND REGULATION FD DISCLOSURE

         1.       Attached as Exhibit 99.1 to this Current Report on Form 8-K
                  and incorporated herein by reference is a press release issued
                  jointly by State Auto Financial Corporation and State
                  Automobile Mutual Insurance Company on July 18, 2003.


ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS

         (c)      Exhibits.

         Exhibit No.    Description
         -----------    -----------

            99.1        Press release issued jointly by State Auto Financial
                        Corporation and State Automobile Mutual Insurance
                        Company on July 18, 2003.


                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                         State Auto Financial Corporation


Date:   July 21, 2003                    By: /s/ Robert H. Moone
                                             -------------------------------
                                             Robert H. Moone, President and
                                             Chief Executive Officer






                                  EXHIBIT INDEX


Exhibit No.       Description of Exhibit
-----------       ----------------------

   99.1           Press release issued jointly by State Auto Financial
                  Corporation and State Automobile Mutual Insurance Company
                  on July 18, 2003.