FAIRFIELD, Ohio (AP) _ Cincinnati Financial Corp. (CINF) on Monday reported a third-quarter loss of $418 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Fairfield, Ohio-based company said it had a loss of $2.64. Earnings, adjusted for investment costs, came to 73 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 71 cents per share.
The insurer posted revenue of $1.41 billion in the period. Its adjusted revenue was $2.08 billion, which matched Street forecasts.
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