Cincinnati Financial (CINF) Tops Q4 EPS by 42c
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Cincinnati Financial Reports Fourth-Quarter and Full-Year 2020 Results
February 10, 2021 4:05 PM ESTCINCINNATI, Feb. 10, 2021 /PRNewswire/ --Â Cincinnati Financial Corporation (Nasdaq: CINF)Â today reported:
Fourth-quarter 2020 net income of $1.049 billion, or $6.47 per share, compared with net income of $626 million, or $3.79 per share, in the fourth quarter of 2019, after recognizing a $767 million fourth-quarter 2020 after-tax increase in the fair value of equity securities still held. Full-year 2020 net income of $1.216 billion, or $7.49 per share, compared with $1.997 billion, or $12.10 per share, in 2019. $59 million or 29% increase in fourth-quarter 2020 non-GAAP operating income* to $262 million, or $1.61 per share, compared with $203 million, or $1.23 per share, in the fourth... More