Cincinnati Finl Corp Stock Price, News & Analysis

Cincinnati Financial Corporation (CINF) announced its preliminary estimates for the first quarter of 2023, projecting pretax catastrophe losses of approximately $235 million. This is expected to raise the combined ratio by about 12.8 percentage points, significantly above the historical average of 6.3 percentage points for the same period. Major losses stemmed from three storms in March, costing roughly $171 million in total. Estimated losses include $110 million from commercial and $115 million from personal lines insurance. The property casualty combined ratio is projected to be between 99% and 103%. Despite these challenges, net written premium growth is estimated at 6% for the quarter. Final results will be reported on April 27, 2023.

Cincinnati Financial Corporation (Nasdaq: CINF) announced a live internet broadcast of its conference call to discuss first-quarter 2023 results on April 28, 2023, at 11 a.m. ET. The financial results will be released on April 27, after market close. Interested participants can listen live by visiting www.cinfin.com/investors. A replay will be available approximately two hours post-call on the same website. The company specializes in business, home, and auto insurance via The Cincinnati Insurance Company and offers various other financial products through its subsidiaries. For further details, stakeholders can access reconciliations of any non-GAAP financial measures discussed during the call.