Cincinnati Financial (CINF) Tops Q4 EPS by 7c
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Cincinnati Financial Reports Fourth-Quarter and Full-Year 2017 Results
February 7, 2018 4:05 PM ESTCINCINNATI, Feb. 7, 2018 /PRNewswire/ --Â Cincinnati Financial Corporation (Nasdaq: CINF) today reported:
Fourth-quarter 2017 net income of $642 million, or $3.88 per share, compared with $100 million, or 60 cents per share, in the fourth quarter of 2016. Full-year 2017 net income of $1.045 billion, or $6.29 per share, up 77 percent from $591 million, or $3.55 per share, in 2016. Non-GAAP operating income of $455 million, or $2.74 per share, down 11 percent from $511 million, or $3.07 per share. $542 million increase in fourth-quarter 2017 net income, reflecting a $495 million benefit from net deferred income tax liability revaluation due to U.S. tax reform, a $27... More