Cincinnati Financial (CINF) Reports Q3 EPS of $0.38

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Go back to Cincinnati Financial (CINF) Reports Q3 EPS of $0.38

Cincinnati Financial Reports Third-Quarter 2020 Results

October 26, 2020 4:05 PM EDT

CINCINNATI, Oct. 26, 2020 /PRNewswire/ -- Cincinnati Financial Corporation (Nasdaq: CINF) today reported:

Third-quarter 2020 net income of $484 million, or $2.99 per share, compared with $248 million, or $1.49 per share, in the third quarter of 2019, after recognizing a $375 million third-quarter 2020 increase in the fair value of equity securities still held. $116 million or 65% decrease in non-GAAP operating income* to $63 million, or 39 cents per share, compared with $179 million, or $1.08 per share, in the third quarter of last year. $236 million increase in third-quarter 2020 net income, primarily due to the after-tax net... More