Cincinnati Financial Corp (CINF) Tops Q1 EPS by 12c
Cincinnati Financial Corp (NASDAQ: CINF) reported Q1 EPS of $0.78, $0.12 better than the analyst estimate of $0.66.
Steven J. Johnston, president and chief executive officer, commented: "Consolidated operating income for the first quarter reached 78 cents per share, our best first-quarter result since 2007 on a per-share basis. Underwriting profits rose for each of our three property casualty insurance segments and our life insurance segment. The contribution from investment income was slightly below last year's first quarter result, largely due to timing differences as some equity dividends we typically would have received in the first quarter were instead accelerated and received in the fourth-quarter 2012. Despite this timing anomaly, we continue to experience annual dividend increases from the vast majority of our common stock holdings."
For earnings history and earnings-related data on Cincinnati Financial Corp (CINF) click here.
Steven J. Johnston, president and chief executive officer, commented: "Consolidated operating income for the first quarter reached 78 cents per share, our best first-quarter result since 2007 on a per-share basis. Underwriting profits rose for each of our three property casualty insurance segments and our life insurance segment. The contribution from investment income was slightly below last year's first quarter result, largely due to timing differences as some equity dividends we typically would have received in the first quarter were instead accelerated and received in the fourth-quarter 2012. Despite this timing anomaly, we continue to experience annual dividend increases from the vast majority of our common stock holdings."
For earnings history and earnings-related data on Cincinnati Financial Corp (CINF) click here.