Thu, Feb. 5, 10:14 AM
- Q4 operating income of $148M or $0.89 per share vs. $119M and $0.72 one year ago. Year-end book value per share of $40.14 up 8% from the end of 2013. Quarterly dividend is $0.44.
- Q4 combined ratio of 90.4% improves from 93.9%. Full-year combined ratio of 95.6% vs. 93.8% in 2013. "While our commercial casualty line achieved an underwriting profit in 2014, we felt it was prudent to record higher reserves for estimated losses in this line."
- Previously: Cincinnati Financial beats by $0.04, beats on revenue (Feb. 4)
- CINF -1.95%
Wed, Feb. 4, 4:07 PM| 2 Comments
Tue, Feb. 3, 5:35 PM
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Fri, Jan. 30, 4:07 PM
Dec. 11, 2014, 9:48 AM
- Cincinnati Financial (NASDAQ:CINF) property casualty subsidiary Cincinnati Insurance already does more than $100M of business in its so-called "Executive Classic" homeowner program, and has made moves to boost capacity there.
- In the second half of next year, the company plans to roll out "Executive Capstone" which will replace "Executive Classic."
- Source: Press Release
Nov. 21, 2014, 1:02 PM
Oct. 28, 2014, 5:15 PM
- Q3 operating income of $140M or $0.85 per share vs. $116M and $0.70 one year ago. Book value per share of $39.01 up 4.8% from the start of the year.
- Earned premiums of $1.071B up 8% Y/Y. Pretax investment income of $138M up 4%, helped by a 17% increase in dividend income from stock investments.
- P&C combined ratio of 91% improved from 93.7% one year ago, with catastrophe losses adding just 120 basis points to this year's Q3 result. Underwriting profit of $94M during Q.
- Previously: Cincinnati Financial beats by $0.10, beats on revenue
- CINF flat AH
Oct. 28, 2014, 5:02 PM| Comment!
Oct. 27, 2014, 5:35 PM
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Aug. 15, 2014, 2:24 PM| Comment!
Jul. 29, 2014, 4:53 PM
- Operating income of $75M or $0.46 per share vs. $100M or $0.61 one year ago. Natural catastrophe loss impact of $0.45 per share vs. $0.30 one year ago. Core combined ratio (excl. catastrophes) of 95.5% improves 180 basis points. Dividend of $0.44 per share.
- Book value per share of $38.77 up 4% from the start of the year.
- Earned premiums of $1.059B up 11% Y/Y. Investment income of $136M up 4%.
- Conference call tomorrow at 11 ET
- Previously: Cincinnati Financial misses by $0.05, beats on revenue
- CINF flat AH
Jul. 29, 2014, 4:09 PM| Comment!
Jul. 28, 2014, 5:35 PM
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Apr. 28, 2014, 10:52 AM
- Property & casualty insurers are bouncing from a tough Friday session which was led by declines in Chubb and Cincinnati Financial after tough Q1 results. Today's biggest gainer is United Insurance Holdings (UIHC +4.8%) - continuing a big run after being initiated with an Outperform rating at Wells Fargo.
- Aren't insurers supposed to be bought after a tough quarter for catastrophes as it means they can raise rates?
- Others: HCI Group (HCI +3.1%), Universal Insurance (UVE +3.5%), W.R. Berkley (WRB +1.2%), Travelers (TRV +1.6%), Allstate (ALL +1.3%), Chubb (CB +1.3%), and Cincinnati Financial (CINF +0.9%).
- ETFs: KIE, IAK, KBWP, KBWI
Apr. 28, 2014, 9:06 AM| Comment!
Apr. 25, 2014, 12:11 PM
- Chubb (CB -2.3%) and Cincinnati Financial (CINF -2.8%) are leading a weak P&C insurance sector today after reporting claims from the severe winter weather worse than most had anticipated.
- Sandler O'Neill's Paul Newsome finds the poor underwriting performance at Chubb "interesting" considering the strong results posted by Travelers earlier this week.
- The KBW Insurance Index is off 0.65% today, -3.7% YTD. Chubb is down 7.2% on the year, and Cincinnati Financial -7.7%.
- Previously: Winter weather takes bite out of Chubb's Q1 profit
- Previously: Winter weather hits Cincinnati Financial Q1 profits
CINF vs. ETF Alternatives
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