Cincinnati Financial: Q4 Earnings Snapshot
By AP News
Published - Feb 06, 2023, 04:39 PM ET
Last Updated - Jun 22, 2023, 11:04 PM EDT
FAIRFIELD, Ohio (AP) — FAIRFIELD, Ohio (AP) — Cincinnati Financial Corp. (CINF) on Monday reported fourth-quarter profit of $1.01 billion.
On a per-share basis, the Fairfield, Ohio-based company said it had profit of $6.40. Earnings, adjusted for investment gains, came to $1.27 per share.
The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.28 per share.
The insurer posted revenue of $3.11 billion in the period. Its adjusted revenue was $2.09 billion, exceeding Street forecasts. Three analysts surveyed by Zacks expected $2.07 billion.
