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Stock impact report

Cincinnati Financial quarterly profit rises on higher premiums, investment income [Yahoo! Finance]

Cincinnati Financial Corporation (CINF) 
Last cincinnati financial corporation earnings: 4/27 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Earned premiums were up 8% at $2.07 billion for the quarter ended March 31. The company posted an adjusted operating income of $272 million, or $1.72 per share in the first-quarter, up from $141 million, or 89 cents, in the year-ago period. Growing expectations of a soft landing for the U.S. economy fueled a rally in equities and other asset classes at the start of the year, helping insurers rake in more income from investments. Cincinnati Financial's investment income, net of expenses, rose 17% to $245 million in the January to March quarter from a year ago. Insurance bellwether Travelers Companies also posted a 28% jump in net investment income in the first quarter. Cincinnati Financial offers a range of insurance products, including property and casualty insurance for individuals, businesses, and organizations. (Reporting by Pritam Biswas and Mehnaz Yasmin in Bengaluru; Editing by Sriraj Kalluvila) Show less Read more
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