Welcome to our dedicated page for Cincinnati Financial news (Ticker: CINF), a resource for investors and traders seeking the latest updates and insights on Cincinnati Financial stock.
Cincinnati Financial Corporation (Nasdaq: CINF) is a leading property and casualty insurance provider operating through its flagship subsidiary, The Cincinnati Insurance Company. Since its establishment in 1950, Cincinnati Financial has grown to be one of the top 25 property casualty insurer groups in the United States based on net written premiums.
The company offers a comprehensive range of insurance products, including business, home, and auto insurance, marketed through a select group of independent insurance agencies across 39 states. Additionally, its subsidiary, The Cincinnati Life Insurance Company, provides life and disability income insurance as well as annuities in every state except New York.
Cincinnati Financial operates through multiple segments, including Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The majority of revenue is generated through its commercial lines, followed by personal lines.
One of the company's core strengths is its empowered field representatives who live in the communities they serve. These representatives provide local services such as marketing support, claims service, loss control advice, and boiler inspections. Associates at the Fairfield, Ohio headquarters support field representatives with managerial, administrative, underwriting, and technical expertise.
Financially, Cincinnati Financial has shown resilience and growth. For example, in the third quarter of 2023, the company reported a significant rise in non-GAAP operating income driven by higher underwriting profits and a 17% increase in pretax investment income. The company continues to focus on disciplined growth through all market cycles, combining personal service with data-driven analytics to ensure profitability.
Recent financial highlights include:
- Underwriting profit of $112 million for the third quarter of 2023
- Combined ratio of 94.4% for the same period
- Book value per share increased to $67.72 as of September 30, 2023
- First-quarter 2024 net written premiums grew by 11%, with record new business of $346 million
Cincinnati Financial remains committed to creating long-term shareholder value through strategic investments, strong agency relationships, and exceptional customer service. The company's latest financial statements and investor communications can be accessed through their website at cinfin.com/investors.
Cincinnati Financial reported a strong fourth-quarter 2021 net income of $1.470 billion ($9.04 per share), marking a 40% increase from $1.049 billion in Q4 2020. The full-year net income surged to $2.946 billion ($18.10 per share), up 142% year-over-year. Fourth-quarter non-GAAP operating income rose 22% to $320 million ($1.97 per share), while full-year figures increased 96% to $1.043 billion ($6.41 per share). Book value per share reached $81.72, up 21.9% from 2020. The company declared a cash dividend of $0.63 per share, a 5% increase.
Cincinnati Financial Corporation (Nasdaq: CINF) held its regular shareholder and board meetings on January 28, 2022, where they elected directors and promoted key officers. Stephen M. Spray was elevated to president of U.S. subsidiary companies, while Marc J. Schambow was elected to the boards of the property casualty subsidiaries. Several other officers, including Teresa C. Cracas and Martin F. Hollenbeck, were promoted to Executive Vice President. The promotions span various roles in risk, investment, IT, and legal services, indicating a strong leadership structure.
Cincinnati Financial Corporation (CINF) announced a 10% increase in its quarterly cash dividend to 69 cents per share, up from 63 cents, payable on April 15, 2022. This increase reflects the company's strategy for profitable growth and financial strength, showing commitment to rewarding shareholders. The dividend payment will benefit shareholders of record as of March 18, 2022. CEO Steven J. Johnston emphasized the company's focus on stable insurance markets and operational excellence.
Cincinnati Financial Corporation (CINF) has announced a live internet broadcast of its conference call to discuss the fourth-quarter and full-year 2021 results on February 16, 2022, at 11 a.m. ET. The results will be released on February 15, after market close. Interested participants can access the call by visiting cinfin.com/investors. A replay will be available approximately two hours after the call.
Cincinnati Financial Corporation (Nasdaq: CINF) declared a 63-cents-per-share quarterly cash dividend, payable on January 14, 2022, to shareholders of record as of December 16, 2021. CEO Steven J. Johnston emphasized the company’s commitment to creating shareholder value through profitable growth and effective capital management. The company aims to reward shareholders in both the short and long-term.
Cincinnati Financial reported Q3 2021 net income of $153 million, or $0.94 per share, down 68% from $484 million, or $2.99 per share in Q3 2020. This decline was primarily driven by an $82 million reduction in the fair value of equity securities. However, non-GAAP operating income rose 232% to $209 million, or $1.28 per share. Total revenues fell 20% to $1.785 billion, but earned premiums increased 10%. Book value per share rose to $73.49, a $6.45 increase since year-end.
Cincinnati Financial Corporation (CINF) will host a live conference call on October 28, 2021, at 11 a.m. ET to discuss its third-quarter 2021 results. The financial details will be released after trading hours on October 27. Interested parties can access the live call via the company's investor website. A replay will be available approximately two hours post-call. The company primarily provides business, home, and auto insurance through its subsidiary, The Cincinnati Insurance Company.
Cincinnati Financial Corporation (CINF) has declared a 63-cent per share cash dividend, payable on October 15, 2021, to shareholders of record by September 16, 2021. This marks the company’s 61st consecutive year of increasing dividends. Chairman Steven J. Johnston highlighted the firm’s capital strength and consistent operating performance as key factors supporting this dividend, which aims to reward shareholders while ensuring long-term value growth.
Cincinnati Financial Corporation (CINF) reported a net income of $703 million or $4.31 per share for Q2 2021, compared to $909 million or $5.63 per share in Q2 2020. The significant decrease was attributed to an after-tax net effect of a $427 million drop in net investment gains, although there was a 311% rise in non-GAAP operating income to $292 million or $1.79 per share. The total revenues fell 15% to $2.295 billion. As of June 30, 2021, book value per share increased to $73.57, up from $57.56 a year ago, marking a 28% growth.
Cincinnati Financial Corporation (Nasdaq: CINF) has scheduled a conference call for July 29, 2021, at 11 a.m. ET to discuss its second-quarter 2021 earnings results. The earnings report will be released on July 28, 2021, after market close. Investors can access the live call through the company’s website, and a replay will be available shortly after the call concludes. Cincinnati Financial provides a range of insurance products, including business, home, and auto insurance through its subsidiaries.
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