Cincinnati Financial Q3 net loss narrows to $99M; non-GAAP operating income up 125% to $261M

CINCINNATI FINANCIAL CORP

2023-Q3 EPS reported $4.17 revenue$6,657,000,000

Net loss of $99M ($0.63 per share) vs $416M loss ($2.63) in Q3 2022, improvement of 76%.
Non-GAAP operating income $261M ($1.66 per share), up 125% from $116M ($0.74) year-over-year.
Earned premiums $2.03B, up 8%; investment income $225M, up 17%.
Book value per share $67.72, up $0.51 since year-end; value creation ratio 4.4% vs -24.0% in 9M 2022.
Cash dividend declared $0.75 per share, up 9% from $0.69.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.5

CINCINNATI FINANCIAL CORP reported financial results for Third-quarter 2023.

Period: Third-quarter 2023
Result: reported results

Exact text from the filing

On October 26, 2023, Cincinnati Financial Corporation issued the attached news release titled "Cincinnati Financial Reports Third-Quarter 2023 Results," furnished as Exhibit 99.1 hereto and incorporated herein by reference.

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Source: SEC EDGAR

accession 0000020286-23-000074

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