Cincinnati Financial reports full-year net loss of $486M; Q4 operating income down 37%

CINCINNATI FINANCIAL CORP

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

Full-year 2022 net loss $486M ($3.06 per share) vs profit of $2.946B ($18.10) in 2021.
Q4 2022 non-GAAP operating income $202M ($1.27) down 37% from $320M ($1.97) a year ago.
Book value per share $67.01 at Dec 31, 2022, down 18.0% from year-end 2021.
Value creation ratio negative 14.6% for 2022 vs positive 25.7% for 2021.
Quarterly dividend increased 10% to $0.69 per share.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CINCINNATI FINANCIAL CORP reported Full-Year 2022 results: net income $486 million, or $3.06 per share, EPS $3.06 per share.

Period: Full-Year 2022
Net income: $486 million, or $3.06 per share
EPS: $3.06 per share
Result: reported results

Exact text from the filing

Full-year 2022 net loss of $486 million, or $3.06 per share, compared with net income of $2.946 billion, or $18.10 per share, in 2021.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CINCINNATI FINANCIAL CORP reported Fourth-Quarter and Full-Year 2022 results: net income $1.013 billion, or $6.40 per share, EPS $6.40 per share.

Period: Fourth-Quarter and Full-Year 2022
Net income: $1.013 billion, or $6.40 per share
EPS: $6.40 per share
Result: reported results

Exact text from the filing

Fourth-quarter 2022 net income of $1.013 billion, or $6.40 per share, compared with net income of $1.470 billion, or $9.04 per share, in the fourth quarter of 2021, after recognizing an $806 million fourth-quarter 2022 after-tax increase in the fair value of equity securities still held.

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Source: SEC EDGAR

accession 0000020286-23-000005

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