Cincinnati Financial Corporation (NASDAQ:CINF) Q2 2024 Earnings Conference Call July 26, 2024 11:00 AM ET Corporate Participants Dennis McDaniel - Investor Relations Officer Steve Spray - President and Chief Executive Officer Mike Sewell - Executive Vice President and Chief Financial Officer Conference Call Participants Michael Phillips - Oppenheimer Gregory Peters - Raymond James Charles Lederer - Citi Mike Zaremski - BMO Grace Carter - Bank of America Meyer Shields - KBW Operator Good morning, and welcome ...

Images By Tang Ming Tung 1D YTD 10Y MAX ED Basi 1M 6M EX 120 110 100 90 Sep 2023 Nov 2023 Jan 2024 Mar 2024 Mav 2024 Jul 2024 Seeking Alpha This recovery is proving not to be linear. As a reminder, CINF lowered its target to a 92-98% combined ratio (in this case lower is better), which is consistent with underwriting results historically, albeit less so recently. Overall, earned premiums grew by 11% to $2.16 billion. This included $407 million in new business, up 34% from last year. CINF is winning market s ...

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. Property Casualty Insurance Segment - Expense Ratio: 30.4% compared to the 29.9% average estimate based on six analysts. Property Casualty Insurance Segment - Loss and loss expenses: 68.1% versus the six-analyst average estimate of 70.4%. Property Casualty Insurance Segmen ...

This quarterly report represents an earnings surprise of 32.99%. A quarter ago, it was expected that this insurer would post earnings of $1.69 per share when it actually produced earnings of $1.72, delivering a surprise of 1.78%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. While Cincinnati Financial has outperformed the market so far this year, the questi ...

UNITED STATES (Mark one) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended June 30, 2024. ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from _____________________ to _____________________. Commission file number 0-4604 CINCINNATI FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) Ohio 31-0746871 (State or other jurisdiction of incorporation ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------------|--------------------|----------|----------|-----------------------------|----------|----------|----------|----------|--------------------------|-------------------------------------|-----------------------------------------| | (Dollars in millions) | 12/31/24 9/30/24 | 6/30/24 | 3/31/24 | Three months ended 12/31/23 | 9/30/23 | 6/30/23 | 3/31/23 | 6/30/24 | Six months ended 6/30/23 | N ...

CINCINNATI, July 25, 2024 /PRNewswire/ -- Cincinnati Financial Corporation (Nasdaq: CINF) today reported: Second-quarter 2024 net income of $312 million, or $1.98 per share, compared with $534 million, or $3.38 per share, in the second quarter of 2023, after recognizing a $112 million second-quarter 2024 after-tax increase in the fair value of equity securities still held. $13 million or 7% increase in non-GAAP operating income* to $204 million, or $1.29 per share, compared with $191 million, or $1.21 per s ...

Cincinnati Financial Corporation (CINF) is scheduled to report second-quarter 2024 earnings on Jul 25, after market close. The insurer delivered an earnings surprise in the last four reported quarters. Premiums at Personal Lines are likely to have benefited from high net worth clients and an agent-centric model. An increase in agency new business and renewal written premiums are likely to have aided Excess and Surplus lines premiums. The Zacks Consensus Estimate for Excess and Surplus lines revenues is pegg ...

Cincinnati Financial Corporation's (CINF) higher level of insured exposure, rate increase, agent-focused business model, consistent cash flow and a solid capital position make it worth retaining in one's portfolio. It has a solid history of delivering positive surprises in the last five quarters. Earnings of this Zacks Rank #3 (Hold) insurer grew 11.9% in the last five years, better than the industry average of 10.5%. CINF has a VGM Score of B. The Zacks Consensus Estimate for 2025 earnings per share has mo ...

The company will hold a conference call to discuss second-quarter 2024 results on Friday, July 26, at 11 a.m. ET. To access the call webcast, please visit www.cinfin.com/investors. A replay will be available approximately two hours after the event's completion. SOURCE Cincinnati Financial Corporation About Cincinnati Financial Corporation: Cincinnati Financial Corporation offers primarily business, home and auto insurance through The Cincinnati Insurance Company and its two standard market property casualty ...