Cincinnati Financial (CINF) Tops Q1 EPS by 11c
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Cincinnati Financial Reports First-Quarter 2022 Results
April 28, 2022 4:05 PM EDTCINCINNATI, April 28, 2022 /PRNewswire/ --Â Cincinnati Financial Corporation (Nasdaq: CINF) today reported:
First-quarter 2022 net loss of $273 million, or $1.70 per share, compared with net income of $620 million, or $3.82 per share, in the first quarter of 2021, after recognizing a $540 million first-quarter 2022 after-tax reduction in the fair value of equity securities still held. $31 million or 14% increase in non-GAAP operating income* to $253 million, or $1.58 per share, compared with $222 million, or $1.37 per share, in the first quarter of last year. $893 million decrease in first-quarter 2022 net income, compared with first-quarter... More