Cincinnati Financial (CINF) Misses Q2 EPS by 40c
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Cincinnati Financial Reports Second-Quarter 2022 Results
July 27, 2022 4:05 PM EDTCINCINNATI, July 27, 2022 /PRNewswire/ -- Cincinnati Financial Corporation (Nasdaq: CINF)Â today reported:
Second-quarter 2022 net loss of $808 million, or $5.06 per share, compared with net income of $703 million, or $4.31 per share, in the second quarter of 2021, after recognizing a $928 million second-quarter 2022 after-tax reduction in the fair value of equity securities still held.$188 million or 64% decrease in non-GAAP operating income* to $104 million, or 65 cents per share, compared with $292 million, or $1.79 per share, in the second quarter of last... More