Cincinnati Financial Earnings Reports

Cincinnati Financial reported a strong Q4 2024 with a 15% increase in earned premiums, reaching $2.365 billion. However, net income declined to $405 million due to a $916 million decrease in after-tax net investment gains. Non-GAAP operating income increased 38% to $497 million, driven by higher underwriting profits and investment income.

Cincinnati Financial Corporation reported a strong third quarter with a significant increase in net income driven by gains in the fair value of equity securities. The company's book value per share reached a record high, and the value creation ratio for the first nine months of the year exceeded the company's target range.

Cincinnati Financial Corporation reported a decrease in net income for Q2 2024, primarily due to a decrease in net investment gains. However, non-GAAP operating income increased. The company's book value per share reached a record high, and the value creation ratio showed positive performance.

Cincinnati Financial Corporation reported a strong first quarter in 2024, with significant increases in net income and non-GAAP operating income. The company benefited from improved underwriting results and higher investment income, leading to a substantial increase in earnings per share and book value.

Cincinnati Financial Corporation reported a strong fourth quarter with net income of $1.183 billion, or $7.50 per share, compared to $1.013 billion, or $6.41 per share, in Q4 2022. Non-GAAP operating income increased by 78% to $359 million, or $2.28 per share. The property casualty combined ratio improved to 87.5%. Book value per share rose to $77.06, and the full-year value creation ratio was 19.5%.

Cincinnati Financial Corporation reported a net loss of $99 million, or $0.63 per share, for the third quarter of 2023, compared to a net loss of $416 million, or $2.63 per share, in the third quarter of 2022. However, non-GAAP operating income increased by 125% to $261 million, or $1.66 per share, compared to $116 million, or $0.74 per share, in the third quarter of last year. The company's book value per share was $67.72 at September 30, 2023, up $0.51 since year-end.

Cincinnati Financial Corporation reported a significant increase in net income for the second quarter of 2023, driven by higher insurance underwriting profits and a rise in investment portfolio income. The company's combined ratio improved, and net written premiums grew, reflecting disciplined growth and strategic expansion.

Cincinnati Financial Corporation reported a first-quarter 2023 net income of $225 million, or $1.42 per share, a significant improvement compared to the net loss in the first quarter of 2022. However, non-GAAP operating income decreased by 46% to $141 million, or $0.89 per share. The increase in net income was primarily due to higher net investment gains, which offset a decrease in property casualty underwriting income. The combined ratio for the property casualty segment was 100.7%, impacted by elevated catastrophe losses.

Cincinnati Financial Corporation reported a decrease in fourth-quarter net income to $1.013 billion, or $6.40 per share, compared to $1.470 billion, or $9.04 per share, in the fourth quarter of 2021. Non-GAAP operating income decreased by 37% to $202 million, or $1.27 per share. However, net written premiums grew by 10% during the quarter.

Cincinnati Financial Corporation reported a net loss of $418 million for the third quarter of 2022, compared to a net income of $153 million in the same period last year. The decrease was primarily due to a $557 million after-tax reduction in the fair value of equity securities. Non-GAAP operating income also decreased by 45% to $114 million.

Cincinnati Financial Corporation reported a net loss of $808 million for the second quarter of 2022, compared to a net income of $703 million in the same period last year. Non-GAAP operating income decreased by 64% to $104 million. The company's book value per share decreased to $66.30. The combined ratio for the property casualty business was 103.2%.

Cincinnati Financial reported a net loss of $273 million, or $1.70 per share, compared to a net income of $620 million, or $3.82 per share, in the first quarter of 2021. This was primarily due to a $540 million after-tax reduction in the fair value of equity securities. However, non-GAAP operating income increased by 14% to $253 million, or $1.58 per share.

Cincinnati Financial Corporation reported a strong fourth quarter and full year in 2021. Fourth-quarter net income was $1.470 billion, or $9.04 per share, compared to $1.049 billion, or $6.47 per share, in Q4 2020. Non-GAAP operating income increased by 22% to $320 million, or $1.97 per share. The company's book value per share reached a record high of $81.72, up 21.9% since year-end 2020.

Cincinnati Financial Corporation reported a decrease in net income, primarily due to lower net investment gains, but experienced significant growth in non-GAAP operating income driven by improvements in its insurance business. The company's book value per share increased, and it maintained a strong balance sheet.

Cincinnati Financial Corporation reported a decrease in net income but a significant increase in non-GAAP operating income for the second quarter of 2021. The property casualty insurance operations led the way with strong underwriting profit, and investment income continued to grow.

Cincinnati Financial Corporation reported a strong first quarter in 2021, marked by a significant increase in net income and non-GAAP operating income. The company's combined ratio improved, and net written premiums grew, reflecting price increases and premium growth initiatives. The book value per share also saw an increase.

Cincinnati Financial Corporation reported a strong fourth quarter in 2020, marked by significant growth in net income and non-GAAP operating income. The company's property casualty combined ratio improved, and book value per share reached a record high. Despite challenges from weather-related catastrophes and the global pandemic, Cincinnati Financial demonstrated resilience and strategic focus, enhancing profitability and delivering shareholder value.

Cincinnati Financial Corporation reported a significant increase in net income for the third quarter of 2020, primarily due to a substantial increase in the fair value of equity securities held. However, non-GAAP operating income decreased due to elevated catastrophe losses, despite improvements in other areas of performance. The company remains confident in its balance sheet and risk management decisions, with a focus on providing outstanding claims service.

Cincinnati Financial Corporation reported a significant increase in net income for the second quarter of 2020, primarily driven by gains in the fair value of equity securities. However, non-GAAP operating income decreased due to catastrophe losses and pandemic-related impacts. The company remains focused on business fundamentals and core underwriting.

Cincinnati Financial Corporation reported a net loss of $1.226 billion for the first quarter of 2020, compared to a net income of $695 million in the first quarter of 2019. Non-GAAP operating income decreased by 20% to $137 million, and book value per share decreased by 17.4% since year-end. The company's performance was impacted by a decrease in net investment gains and weather-related catastrophe losses.

Cincinnati Financial Corporation reported a significant increase in fourth-quarter net income, reaching $626 million or $3.79 per share, compared to a net loss in the previous year. Non-GAAP operating income also rose, and the company's book value per share hit a record high. The increase in net income was largely due to investment gains and improved property casualty underwriting profit.