Cincinnati Financial: Q3 Earnings Snapshot
By AP News
Published - Oct 24, 2024, 04:17 PM ET
Last Updated - Dec 16, 2024, 06:00 PM EST
FAIRFIELD, Ohio (AP) — FAIRFIELD, Ohio (AP) — Cincinnati Financial Corp. (CINF) on Thursday reported third-quarter profit of $820 million.
The Fairfield, Ohio-based company said it had net income of $5.20 per share. Earnings, adjusted for investment gains, were $1.42 per share.
The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.46 per share.
The insurer posted revenue of $3.32 billion in the period. Its adjusted revenue was $2.56 billion, which beat Street forecasts. Five analysts surveyed by Zacks expected $2.53 billion.
