More on Cincinnati Financial (CINF) Q2 earnings: Operating income of $0.61/share up from $0.17 a...


More on Cincinnati Financial (CINF) Q2 earnings: Operating income of $0.61/share up from $0.17 a year ago. Book value per share of $34.83 up 10% from a year ago, but down 1.6% from Q1 as rising rates hit bond portfolio. "We have built several advantages that should help soften the negative impact of rising interest rates." Premiums of $954M up 9% Y/Y. P&C business of $139M up 6.1%. Investment income of $131M down 1%. Combined ratio improves to 96.4% from 109.5%, with lower catastrophe losses contributing 9.5 points of that improvement. (PR)

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