The company said P&C net written premiums rose 13% year to date through 6-30-24, and its combined ratio was 96.1%, within its long-term target range of 92% to 98%. Investment income increased 13%.

1. 01

   The company said P&C net written premiums rose 13% year to date through 6-30-24, and its combined ratio was 96.1%, within its long-term target range of 92% to 98%. Investment income increased 13%.

2. 02

   Cincinnati Financial said EPS for Q2 was $1.98 per share, compared with $3.38 per share in 2Q23. Non-GAAP operating income rose 7% to $204 million, and the company said $1.59 of the $1.40 EPS decrease came from the change in fair value of equity securities still held.

3. 03

   The company said operating cash flow for the year to date through 6-30-24 was $1.095 billion, up 33%, and that growth from its underwriting operations drove that cash flow. Net purchases in the investment portfolio over the same period were $680M.

4. 04

   The company said the fair value of its investment portfolio was $26.0 billion as of June 30, 2024, with common stocks accounting for 43.3%. The bond portfolio totaled $14.409 billion with an average rating of A2/A.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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