CINF prelim Q4 net income $6.37-$6.43/sh; raises dividend 9% to $0.75

CINCINNATI FINANCIAL CORP

2022-FY EPS reported -$3.06 revenue$6,557,000,000

Prelim Q4 net income $6.37–$6.43/sh; non-GAAP op income $1.24–$1.30/sh; combined ratio ~95%.
Q4 pretax catastrophe losses ~$141M from Winter Storm Elliott; 7.8 ppt impact on combined ratio.
Net written premium growth ~10% for Q4; raised regular quarterly cash dividend 9% to $0.75/sh payable Apr 14.
Steven A. Soloria promoted to CIO; Dirk J. Debbink appointed to subsidiary boards.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CINCINNATI FINANCIAL CORP reported fourth-quarter 2022 results: EPS $6.37 to $6.43 per share.

Period: fourth-quarter 2022
EPS: $6.37 to $6.43 per share
Result: preliminary results

Exact text from the filing

Cincinnati Financial Corporation Announces Preliminary Results and Increased Regular Quarterly Cash Dividend Cincinnati, January 27, 2023 – Cincinnati Financial Corporation (Nasdaq: CINF) today announced that its consolidated fourth-quarter results are expected to include pretax catastrophe losses of approximately $141 million – representing an impact on the fourth-quarter 2022 combined ratio of approximately 7.8 percentage points, based on estimated property casualty earned premiums.

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Source: SEC EDGAR

accession 0000020286-23-000002

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