Cincinnati Finl Corp - CINF STOCK NEWS

Cincinnati Financial Corporation (Nasdaq: CINF) reported a strong first-quarter 2021, with net income reaching $620 million or $3.82 per share, rebounding from a net loss of $1.226 billion in the same period of 2020. The increase in net income was driven by a $1.761 billion rise in net investment gains and an $86 million boost in property casualty underwriting income. Non-GAAP operating income surged 62% to $222 million, equivalent to $1.37 per share. Book value per share rose to $69.16, reflecting an increase of $2.12 since year-end.

Cincinnati Financial Corporation (Nasdaq: CINF) has announced a live internet broadcast for its first-quarter 2021 earnings conference call, scheduled for April 29, 2021, at 11 a.m. ET. The earnings report will be released on April 28, after market close. Investors can access the call through the company's investor website and are encouraged to test their systems in advance. A replay will be available approximately two hours after the call ends. More information about the company's operations and financial measures will also be provided on their website.

Cincinnati Financial Corporation (NASDAQ:CINF) announced the availability of materials for its 2021 Annual Meeting of Shareholders. Relevant documents include the 2020 Annual Report and the 2021 Proxy Statement. The meeting will occur virtually on May 8 at 9:30 a.m. ET, with registration available until May 5. Shareholders are encouraged to vote beforehand.

Cincinnati Financial Corporation (CINF) reported fourth-quarter 2020 net income of $1.049 billion ($6.47/share), a 68% increase from $626 million in Q4 2019. However, full-year 2020 net income dropped 39% to $1.216 billion ($7.49/share) from $1.997 billion in 2019. The non-GAAP operating income for Q4 increased by 29% to $262 million, but full-year non-GAAP operating income fell 23% to $533 million. The book value per share rose 10.7% to $67.04 by year-end 2020.

Cincinnati Financial Corporation (CINF) announced on February 1, 2021 the appointments and promotions of several directors, officers, and counsel across its subsidiaries.

Key promotions include Marc J. Schambow as Chief Claims Officer and multiple new Vice President positions in areas such as Field Claims and Commercial Lines. The updates reflect the company's commitment to strengthening leadership in its Property Casualty and Life Insurance divisions.

These changes aim to enhance operational effectiveness and improve service delivery.

Cincinnati Financial Corporation (CINF) declared a 63-cent quarterly cash dividend, up from 60-cent previously, payable on April 15, 2021. Shareholders on record by March 17, 2021 will benefit. CEO Steven J. Johnston emphasized the company's strong position to reward shareholders through financial strength and growth initiatives. This dividend marks the continuation of a 60-year trend of increasing dividends, setting the stage for a 61st consecutive year of payment.

Cincinnati Financial Corporation (CINF) will host a conference call on February 11, 2021, at 11 a.m. ET to discuss its fourth-quarter and full-year 2020 results. The financial results will be released on February 10, after the Nasdaq trading session. Interested participants can join the call via the internet at www.cinfin.com/investors. A replay will be available approximately two hours after the live call. For more information, contact Stephanie Johnson at 513-870-2768.

Cincinnati Financial Corporation (CINF) has announced that its subsidiary, The Cincinnati Insurance Company, will accelerate its digital and data transformation to better serve independent insurance agents and clients. This initiative is backed by a $2.5 million grant from JobsOhio and focuses on enhancing innovation and technology through a partnership with the University of Cincinnati. The company aims to develop advanced analytic modeling and data science capabilities, positioning itself to meet evolving market needs.

Cincinnati Financial Corporation (CINF) released updated investor presentation slides for meetings starting this week. The slides showcase recent performance, trends, and the company's strategic advantages, such as financial strength and local decision-making. They also address ongoing litigation related to business interruption insurance, clarifying that economic loss alone does not qualify as direct physical damage. This perspective aligns with recent court rulings across multiple states, which could impact future litigation outcomes.