CINCINNATI FINANCIAL CORP
For the period ended Sep 30, 2024. Filed Oct 24, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 24, 2024
CINF$189.89+2.0%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Income
| (Dollars in millions, except per share data) | Three months ended September 30, | Nine months ended September 30, | ||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues | ||||
| Earned premiums | $2,297 | $2,033 | $6,524 | $5,894 |
| Investment income, net of expenses | 258 | 225 | 745 | 655 |
| Investment gains and losses, net | 758 | (456) | 1,507 | 84 |
| Fee revenues | 4 | 6 | 13 | 16 |
| Other revenues | 3 | 3 | 10 | 8 |
| Total revenues | 3,320 | 1,811 | 8,799 | 6,657 |
| Benefits and Expenses | ||||
| Insurance losses and contract holders' benefits | 1,578 | 1,332 | 4,407 | 4,070 |
| Underwriting, acquisition and insurance expenses | 683 | 609 | 1,954 | 1,744 |
| Interest expense | 13 | 13 | 40 | 40 |
| Other operating expenses | 6 | 5 | 19 | 17 |
| Total benefits and expenses | 2,280 | 1,959 | 6,420 | 5,871 |
| Income (Loss) Before Income Taxes | 1,040 | (148) | 2,379 | 786 |
| Provision (Benefit) for Income Taxes | ||||
| Current | 171 | 57 | 293 | 124 |
| Deferred | 49 | (106) | 199 | 2 |
| Total provision (benefit) for income taxes | 220 | (49) | 492 | 126 |
| Net Income (Loss) | $820 | $(99) | $1,887 | $660 |
| Per Common Share | ||||
| Net income (loss) — basic | $5.25 | $(0.63) | $12.06 | $4.20 |
| Net income (loss) — diluted | 5.20 | (0.63) | 11.97 | 4.17 |
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