Cincinnati Financial (CINF) Tops Q2 EPS by 44c
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Cincinnati Financial Reports Second-Quarter 2015 Results
July 28, 2015 4:02 PM EDTCINCINNATI, July 28, 2015 /PRNewswire/ --Â Cincinnati Financial Corporation (Nasdaq: CINF) today reported:
Second-quarter 2015 net income of $176 million, or $1.06 per share, compared with $84 million, or 51 cents per share, in the second quarter of 2014. $63 million or 84 percent rise in operating income* to $138 million, or 83 cents per share, up from $75 million, or 46 cents per share, in the second quarter of last year. $92 million increase in second-quarter 2015 net income, reflecting the after-tax net effect of two primary items: $59 million improvement in the contribution from property casualty underwriting, including a... MoreThe Cincinnati Insurance Company Adds Reinsurance Assumed Expertise
July 28, 2015 4:01 PM EDTCINCINNATI, July 28, 2015 /PRNewswire/ --Â Cincinnati Financial Corporation (Nasdaq: CINF) announced that John A. Davis and Paul B. LeStourgeon joined The Cincinnati Insurance Company, adding expertise to the newly expanded reinsurance assumed initiative known as Cincinnati ReSM. Davis and LeStourgeon report to James W.B. Hole, managing director, head of Cincinnati Re.
Davis, managing director, head of casualty reinsurance, will oversee the strategic direction, underwriting and marketing of the company's casualty reinsurance assumed portfolio. A 20-year veteran of the reinsurance industry, Davis most recently served as head of North American casualty... More
