Cincinnati Finl Corp Stock Price, News & Analysis

Cincinnati Financial Corporation (CINF) has scheduled a live internet broadcast for its fourth-quarter and full-year 2022 earnings conference call on February 7, 2023, at 11 a.m. ET. The earnings results will be released on February 6, after market close. Interested participants can access the call via the company's investor relations website, where a replay will be available two hours post-call. Cincinnati Financial provides a range of insurance products through its subsidiaries, which include business, home, auto insurance, and more.

Cincinnati Financial Corporation (CINF) declared a 69-cent per share quarterly cash dividend, payable on January 13, 2023, to shareholders of record as of December 16, 2022. CEO Steven J. Johnston expressed confidence in the company's ability to generate long-term shareholder value through a proven strategy and strong financial position to grow the insurance business profitably.

Cincinnati Financial Corporation (CINF) reported a third-quarter 2022 net loss of $418 million or $2.64 per share, a significant decline from net income of $153 million or $0.94 per share in Q3 2021. The results reflect a $557 million after-tax reduction in equity securities' fair value. Non-GAAP operating income fell 45% to $114 million, driven by a $476 million drop in net investment gains. Total revenues decreased 21% year-over-year to $1.408 billion. Book value per share declined to $60.01, marking an 18% drop since year-end.

Cincinnati Financial Corporation (Nasdaq: CINF) announced the election of Dirk J. Debbink as the new lead independent director following the death of William Bahl. The board size has been reduced to 12 members. Debbink, who has been a director since 2012, brings extensive experience from his roles in both civil and military sectors. CEO Steven Johnston expressed confidence in Debbink’s leadership abilities, aiming to enhance shareholder value alongside the newly appointed board structure.

Cincinnati Financial Corporation (Nasdaq: CINF) reported estimated pretax catastrophe losses of approximately $252 million for Q3 2022, impacting the combined ratio by about 13.9 percentage points. Key losses include $220 million from Hurricane Ian, with total estimated losses at $112 million for Cincinnati Re and $69 million for personal lines. The projected combined ratio is 104%, and a net loss of approximately $2.61 to $2.67 per share is expected. The company plans to report detailed results on October 31.

Cincinnati Financial Corporation (CINF) has scheduled a conference call to discuss its third-quarter 2022 financial results on November 1, 2022, at 11 a.m. ET. The earnings report will be released on October 31, 2022, after regular trading hours. Interested participants can join the call live via the internet at www.cinfin.com/investors. A replay will be available approximately two hours after the call. Cincinnati Financial specializes in business, home, and auto insurance through various subsidiaries.

Cincinnati Financial Corporation (CINF) announced the passing of its lead independent director, William F. Bahl, on September 26, 2022, at the age of 71. Bahl had been a director since 1995, contributing significantly to various committees, including audit and executive. His deep understanding of the company’s strategies and commitment to its corporate culture was highly regarded. Bahl co-founded Bahl & Gaynor Investment Counsel and previously served in senior investment roles at Northern Trust, Fifth Third Bank, and Mellon Bank. The company's CEO expressed deep sadness over his loss.

Cincinnati Financial (CINF) declared a 69-cent per-share quarterly cash dividend, payable on October 14, 2022. Shareholders on record as of September 16, 2022 will receive this dividend. This marks the company's 62nd consecutive year of increasing annual cash dividends, reflecting its robust financial strength. CEO Steven J. Johnston emphasized the company's commitment to shareholder returns through dividends as a sustainable practice.

Cincinnati Financial Corporation (CINF) reported a net loss of $808 million for Q2 2022, translating to $5.06 per share, a stark contrast to a net income of $703 million or $4.31 per share in Q2 2021. This decline is primarily attributed to a $928 million after-tax reduction in the fair value of equity securities. Furthermore, non-GAAP operating income decreased by 64% to $104 million, while the company’s book value per share fell to $66.30, a $15.42 decline year-to-date.