Cincinnati Financial (CINF) Q4 Earnings Top on Higher Premiums

Cincinnati Financial Corporation (CINF) reported fourth-quarter 2023 operating income of $2.28 per share, which surpassed the Zacks Consensus Estimate by 18.1%. The bottom line surged 79.5% year over year.Total operating revenues in the quarter under review were$ 2.3 billion, which improved 10.8% year over year. Also, the top line beat the consensus mark by 1%.The strong quarterly results benefited from higher premiums, net investment income and improved combined ratio. Improved Underwriting profit and lowe ...