Cincinnati Financial (CINF) Q1 Earnings Top, Revenues Up Y/Y

Cincinnati Financial Corporation (CINF) reported first-quarter 2024 operating income of $1.72 per share, which beat the Zacks Consensus Estimate by 1.7%. The bottom line surged 93.2% year over year.Total operating revenues in the quarter under review were $2.3 billion, which missed the Zacks Consensus Estimate by 1.4%. The top line, however, improved 8.8% year over year. This increase was driven by higher earned premiums and investment income.The insurer’s results benefited from higher premiums, net investm ...