Cincinnati Financial: Mixed Q2 As Underwriting Improvement Takes Time, Reiterate Buy

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 ...