Premiums and Revenues - Earned premiums for Q1 2025 were $2,344 million, a 13% increase from $2,071 million in Q1 2024[94] - Total revenues decreased by $369 million, down 13% from $2,935 million in Q1 2024 to $2,566 million in Q1 2025[94] - Earned premiums for the first quarter of 2025 were $2.264 billion, a 14% increase from $1.992 billion in the same period of 2024[110] - Net written premiums for Q1 2025 grew by $247 million, reaching $2,495 million, representing an 11% increase compared to Q1 2024[119] - Earned premiums for the commercial lines segment grew by 9% to $1,179 million in Q1 2025, up from $1,082 million in Q1 2024[134] - Personal lines earned premiums increased by 19% to $698 million in Q1 2025, compared to $588 million in Q1 2024[148] - Excess and surplus lines earned premiums grew by 17% to $162 million in Q1 2025, compared to $139 million in Q1 2024[162] Investment Income - Net investment income increased by 14% to $280 million in Q1 2025, compared to $245 million in Q1 2024[94] - Total investment income increased by 14% to $280 million in Q1 2025, up from $245 million in Q1 2024[180] - Investment gains and losses turned negative at $67 million in Q1 2025, compared to a gain of $612 million in Q1 2024[180] - Average yield on fixed-maturity securities increased to 4.92% pretax for 2025 from 4.65% in 2024[185] Losses and Underwriting Performance - Net loss for Q1 2025 was $90 million, a significant decline from net income of $755 million in Q1 2024[94] - The underwriting loss for the first quarter of 2025 was $298 million, a decrease of $429 million from an underwriting profit of $131 million in the first quarter of 2024[110] - The combined ratio for the first quarter of 2025 was 113.3%, an increase of 19.7 percentage points from 93.6% in the same period of 2024, primarily due to catastrophe losses[110] - Total losses incurred in Q1 2025 reached $1,627 million, reflecting a 50% increase from $1,083 million in Q1 2024[131] - Catastrophe losses in Q1 2025 were $356 million higher after taxes, primarily due to wildfires in Southern California[96] - Catastrophe losses contributed 25.0 percentage points to the combined ratio in the first quarter of 2025, compared to 5.9 percentage points in the same period of 2024[125] Shareholders' Equity and Dividends - Shareholders' equity decreased by 2% to $13,718 million as of March 31, 2025, down from $13,935 million at year-end 2024[99] - Cash dividends declared per share increased by 7% to $0.87 in Q1 2025, compared to $0.81 in Q1 2024[98] - Cash dividends paid to shareholders totaled $125 million in the first three months of 2025, with an indicated annual rate of $3.48 per share[215] - The company did not declare dividends to the parent company in the first three months of 2025, compared to $145 million in the same period of 2024[198] Reserves and Capital Structure - Total gross reserves increased by $770 million from December 31, 2024, to March 31, 2025, driven by increases in homeowner and commercial casualty lines[217] - The total gross reserves at March 31, 2025, amounted to $10.707 billion, with case loss reserves at $3.783 billion and IBNR reserves at $5.064 billion[219] - The debt-to-total-capital ratio was 5.6% at March 31, 2025, significantly below the 35% covenant threshold[206] - The ratio of property casualty net written premiums to statutory surplus was 1.1-to-1 for the 12 months ended March 31, 2025, compared to 1.0-to-1 at year-end 2024[106] Agency and Market Activity - The company actively marketed through 2,199 agencies located in 46 states as of March 31, 2025[103] - Agency renewal written premiums for the first quarter of 2025 were $1.912 billion, a 14% increase from $1.683 billion in the same period of 2024[118] - Agency renewal written premiums increased by 7% to $1,152 million in Q1 2025, compared to $1,076 million in Q1 2024[142] - Agency renewal written premiums rose by 12% to $126 million in Q1 2025, while agency new business written premiums increased by 26% to $53 million[165] Catastrophe and Large Losses - Total catastrophe losses incurred for Q1 2025 amounted to $567 million, a significant increase from $117 million in Q1 2024[130] - Current accident year losses greater than $5 million totaled $26 million in Q1 2025, compared to none in Q1 2024[131] - Total large losses incurred in commercial lines for Q1 2025 were $66 million, significantly higher than the $23 million incurred in Q1 2024, with a notable increase attributed to the commercial property line[146] - Large losses incurred in Q1 2025 totaled $102 million, significantly higher than the $44 million reported in Q1 2024[132] Personal and Commercial Lines Performance - The personal lines combined ratio increased to 151.3% in Q1 2025, up 57.4 percentage points from 93.9% in Q1 2024, primarily due to increased catastrophe losses[154] - The combined ratio for commercial lines improved to 91.9% in Q1 2025, down from 96.5% in Q1 2024[134] - The net favorable reserve development for commercial lines in Q1 2025 was $43 million, up from $38 million in Q1 2024, primarily due to lower-than-anticipated loss emergence on known claims[144] - Personal lines new business written premiums increased by $5 million or 4% in Q1 2025, with agency renewal written premiums rising by 28%[151]

Financial Performance - Total earned premium for the first quarter of 2025 was $2,344 million, with property casualty premiums contributing $2,264 million and life premiums contributing $80 million[12]. - Total revenues for the first quarter of 2025 amounted to $2,566 million, compared to $755 million in the prior year[12]. - The total expenses for the quarter were $2,694 million, leading to a loss before income taxes of $128 million[12]. - The net income for the current year was a loss of $90 million, compared to a net income of $755 million in the prior year[12]. - The company reported a current operating loss of $28 million for the quarter[12]. - The company reported a net loss of $87 million for the quarter, compared to a net income of $257 million in Q1 2024[60]. - The statutory combined ratio for the quarter was 112.3%, compared to 85.2% in the prior year, showing a significant deterioration in underwriting performance[42]. - The statutory combined ratio for Q1 2025 was reported at 89.2%, indicating improved operational efficiency[48]. - The statutory combined ratio for the period was reported at 86.4%, compared to 93.3% in the previous year, indicating improved underwriting performance[57]. Investment Income - The net investment income for the quarter was $280 million, while net investment gains and losses resulted in a loss of $67 million[12]. - The net investment income earned was $181 million, a 16% increase from $156 million in Q1 2024[60]. Loss Ratios and Claims - The loss ratio for property casualty insurance operations was significant, with losses and contract holders' benefits totaling $2,479 million[12]. - The loss ratio for the quarter was 72.4%, up from 43.2% in the same quarter last year, indicating increased claims relative to earned premiums[42]. - The total loss and loss expense ratio was reported at 68.1%, reflecting a slight decrease from the previous year[30]. - The loss and loss expense ratio was reported at 58.6% for the quarter, compared to 55.7% in the same quarter last year[57]. - The total loss and loss expense ratio stood at 60.9% in Q3 2025, down from 66.9% in Q3 2024[36]. - The total loss ratio for the three months ended December 31, 2025, was 71.8%, compared to 43.5% in the previous quarter[22]. Premiums and Underwriting - Net written premiums for the three months ended March 31, 2025, were $2,495 million, reflecting an 11% year-over-year increase[42]. - Net written premiums for Commercial casualty reached $443 million, reflecting a year-over-year increase of 6%[29]. - Net written premiums for Commercial property amounted to $411 million, showing a year-over-year growth of 14%[29]. - Net written premiums for personal auto reached $266 million, a year-over-year increase of 23%[32]. - The company reported a year-over-year increase of 12% in agency new business written premiums for Q1 2025[48]. - The company anticipates continued growth in net written premiums across all personal lines in the upcoming quarters[32]. Catastrophe Losses - Catastrophe losses for the twelve months ended December 31, 2025, totaled $704 million, up from $621 million in the prior year[16]. - Catastrophe losses for the three months ended December 31, 2025, amounted to $24.6 million, significantly higher than $3.6 million in the previous quarter[21]. - Current accident year catastrophe losses were reported at 0.8 in Q3 2025, a decrease from 1.7 in Q3 2024[36]. - The contribution from catastrophe losses for the three months ended December 31, 2025, was 58.7%, reflecting a notable impact on overall performance[53]. Operational Efficiency - The net underwriting expense ratio for the quarter was 28.2%, slightly improved from 30.2% in the prior year[42]. - The net underwriting expense ratio for Q1 2025 was 26.9%, reflecting a slight increase from previous quarters[48]. - The net underwriting expense ratio for the three months ended December 31, 2025, was 31.2%, up from 28.5% in the previous quarter[52]. Other Financial Metrics - The total number of reported losses greater than $5 million for the current accident year was 3, compared to 1 in the previous quarter[26]. - The company experienced a year-over-year decline of 9% in net written premiums globally, totaling $75 million[68]. - The company continues to focus on market expansion and new product development to drive future growth[48].

Financial Highlights - Cincinnati Financial Corporation reported a net loss of $90 million, or $0.57 per share, for the first quarter of 2025, a significant decline from a net income of $755 million, or $4.78 per share, in the same period of 2024 [1][3] - Total revenues decreased to $2.566 billion in Q1 2025 from $2.935 billion in Q1 2024, reflecting a 13% decline [1][3] - The company experienced a 13% increase in earned premiums, totaling $2.344 billion in Q1 2025 compared to $2.071 billion in Q1 2024 [1][3] Investment and Balance Sheet Highlights - Investment income, net of expenses, rose by 14% to $280 million in Q1 2025 from $245 million in Q1 2024 [1][3] - The book value per share increased to $87.78 as of March 31, 2025, up from $80.83 a year earlier, representing a 9% increase [1][3] - Total investments reached $28.481 billion as of March 31, 2025, a slight increase from $28.378 billion at year-end 2024 [25] Insurance Operations Highlights - The property casualty combined ratio for Q1 2025 was 113.3%, up from 93.6% in Q1 2024, indicating increased losses from catastrophes [4][10] - Net written premiums in the property casualty segment grew by 11% to $2.495 billion in Q1 2025, driven by price increases and higher insured exposures [4][12] - The life insurance subsidiary reported a net income of $21 million in Q1 2025, an increase of 11% compared to $19 million in Q1 2024 [19] Catastrophe Losses and Underwriting Performance - Catastrophe losses accounted for 25 points of the combined ratio in Q1 2025, significantly higher than the 10-year average [7] - The underwriting profit for the property casualty segment was a loss of $298 million in Q1 2025, compared to a profit of $131 million in Q1 2024 [10] - The company recorded a 49% increase in loss and loss expenses in the property casualty segment, totaling $1.887 billion in Q1 2025 [10] New Business and Premium Growth - New business written premiums in the property casualty segment increased by 11% to $383 million in Q1 2025 [4][12] - The life insurance segment saw a 1% growth in earned premiums, totaling $80 million in Q1 2025 [19] - The company appointed 137 new agencies in the first three months of 2025, contributing to premium growth initiatives [12]

Core Viewpoint - Cincinnati Financial Corporation (CINF) is anticipated to show revenue growth but a significant decline in earnings for the first quarter of 2025, with revenues expected to reach $2.7 billion, reflecting a 16.3% increase year-over-year, while the bottom line is projected to report a loss of 29 cents per share, indicating a 116.9% decrease from the previous year [1][2]. Revenue Expectations - The Zacks Consensus Estimate for CINF's first-quarter revenues is $2.7 billion, which represents a 16.3% growth compared to the same quarter last year [1]. - Earned premiums are expected to be $2.4 billion, up 16.6% from the year-ago figure, aligning with the Zacks Consensus Estimate [4]. - Personal Lines revenues are projected at $763 million, indicating a 29.5% improvement from the previous year [5]. - Excess and Surplus lines revenues are estimated at $163 million, reflecting a 16.4% increase year-over-year [6]. - Net investment income is expected to be $278.4 million, up 12.2% from the prior year [7]. Expense and Loss Projections - Total expenses are anticipated to rise by 40.2% to $2.8 billion, driven by higher insurance losses and various operational costs [7]. - CINF expects catastrophe losses from the California wildfire to be between $450 million and $525 million, with the Personal Lines segment absorbing 73% of this loss [8]. Earnings Prediction Model - CINF has an Earnings ESP of -86.48%, indicating a lower likelihood of an earnings beat, as the Most Accurate Estimate of a loss of 53 cents per share is significantly worse than the consensus estimate of a loss of 29 cents [3]. - CINF holds a Zacks Rank of 3, suggesting a neutral outlook [3].

Analysts on Wall Street project that Cincinnati Financial (CINF) will announce quarterly loss of $0.61 per share in its forthcoming report, representing a decline of 135.5% year over year. Revenues are projected to reach $2.7 billion, increasing 16.3% from the same quarter last year.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Before a company announce ...

Wall Street expects a year-over-year decline in earnings on higher revenues when Cincinnati Financial (CINF) reports results for the quarter ended March 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on April 28, 2025, might help the stock move higher if these key numbers are better th ...

CINCINNATI, April 8, 2025 /PRNewswire/ -- Cincinnati Financial Corporation (Nasdaq: CINF) plans to release its first-quarter 2025 results on Monday, April 28, 2025, after the close of regular trading on the Nasdaq Stock Market. The company will hold a conference call to discuss first-quarter 2025 results on Tuesday, April 29, at 11 a.m. ET. To access the call webcast, please visit investors.cinfin.com. A replay will be available approximately two hours after the event's completion. About Cincinnati Financia ...

Cincinnati Financial Corporation (NASDAQ: CINF ) is an insurance company with a great dividend history, but this doesn't seem to be a big support for its share price ahead. As this is my first coverage on the company, in this article ILabutes IR is a Fund Manager/Analyst specialized in the financial sector, with more than 18 years of experience in the financial markets. I have worked at several type of institutions in the industry, always at the buy side and related to portfolio management. Associated with ...

The Zacks Property and Casualty Insurance industry is well-poised to benefit from better pricing, prudent underwriting, increased exposure, an improving rate environment and a solid capital position. With the ongoing economic expansion, insurers remain well-poised for growth. The buoyancy in the industry is further confirmed by its Zacks Industry Rank #40, which places it in the top 16% of more than 246 Zacks industries.However, industry players continue to grapple with issues like higher catastrophe events ...

Cincinnati Financial Corporation (CINF) has been trading above its 50-day simple moving average (SMA), signaling a short-term bullish trend. Its share price, as of March 25, 2025, was $145.80, down 9.8% from its 52-week high of $161.75.The 50-day SMA is a key indicator for traders and analysts to identify support and resistance levels. It is considered particularly important as this is the first marker of an uptrend or downtrend.With a market capitalization of $22.82 billion, the average volume of shares tr ...