CINF Stock Recent News
CINF LATEST HEADLINES
Cincinnati Financial Corporation (NASDAQ:CINF ) Q3 2024 Earnings Conference Call October 25, 2024 11:00 AM ET Company Participants Dennis McDaniel - IRO Steve Spray - President and CEO Mike Sewell - EVP and CFO Steve Soloria - Chief Investment Officer Conference Call Participants Michael Phillips - Oppenheimer Michael Zaremski - BMO Capital Markets Gregory Peters - Raymond James Jing Li - KBW Grace Carter - Bank of America Merrill Lynch Operator Good day and welcome to the Cincinnati Financial Corporation's Third Quarter 2024 Earnings Conference Call. All participants will be in a listen-only mode.
CINF's third-quarter results reflect premium growth initiatives, price increases and a higher level of insured exposures, offset by poor underwriting income.
While the top- and bottom-line numbers for Cincinnati Financial (CINF) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Cincinnati Financial (CINF) came out with quarterly earnings of $1.42 per share, missing the Zacks Consensus Estimate of $1.46 per share. This compares to earnings of $1.66 per share a year ago.
CINCINNATI , Oct. 24, 2024 /PRNewswire/ -- Cincinnati Financial Corporation (Nasdaq: CINF) today reported: Third-quarter 2024 net income of $820 million, or $5.20 per share, compared with a net loss of $99 million, or $0.63 per share, in the third quarter of 2023, after recognizing a $645 million third-quarter 2024 after-tax increase in the fair value of equity securities still held. Third-quarter 2024 non-GAAP operating income* of $224 million, or $1.42 per share, compared with $261 million, or $1.66 per share, in the third quarter of last year.
24/7 Wall Street Insights Dividend Kings are companies with an unbroken track record of dividend increases spanning a minimum of 50 consecutive years.
CINF's Q3 results are likely to reflect rate increases, higher policy retention rates and higher bond yields, offset by a higher expense.
Get a deeper insight into the potential performance of Cincinnati Financial (CINF) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Cincinnati Financial (CINF) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Cincinnati Financial (CINF) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.