Cincinnati Financial Q3 Earnings Miss, Revenues Top, Premiums Rise Y/Y
Cincinnati Financial(CINF) ZACKS·2024-10-25 22:50
Cincinnati Financial Corporation (CINF) reported third-quarter 2024 operating income of $1.42 per share, which missed the Zacks Consensus Estimate by 2.7%. The bottom line decreased 14% year over year.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The quarterly results of CINF were aided by higher bond interest income, premium growth initiatives, price increases and a higher level of insured exposures. However, the upside was partly offset by poor underwriting income and escalating ...