The company said full-year 2024 net income rose to $2.292 billion ($14.53 per diluted share) from $1.843 billion ($11.66 per share) in 2023. It said non-GAAP operating income, a non-GAAP measure, rose 26% to $1.197 billion ($7.58 per share) for the year.

1. 01

   The company said full-year 2024 net income rose to $2.292 billion ($14.53 per diluted share) from $1.843 billion ($11.66 per share) in 2023. It said non-GAAP operating income, a non-GAAP measure, rose 26% to $1.197 billion ($7.58 per share) for the year.

2. 02

   Cincinnati Financial said net income for Q4 2024 fell to $405 million ($2.56 per share) from Q4 2023 $1.183 billion ($7.50 per share). The company attributed the decline to an after-tax decrease of $107 million in the fair value of equity securities it still held.

3. 03

   The company said its 2024 full-year property casualty combined ratio was 93.4%, 1.5 points lower than 94.9% in 2023. It said underwriting profit rose to $580 million from $401 million. Net written premiums grew 15% to $9,243 million.

4. 04

   The company said book value per share as of December 31, 2024 rose to $89.11 from $77.06 at year-end 2023. It also said the full-year value creation ratio was 19.8%. Consolidated cash and invested assets totaled $29.361 billion, and equity securities made up 39.4% of total investments.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. 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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