Cincinnati Financial (CINF) Misses Q4 EPS by 6c
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Cincinnati Financial Reports Fourth-Quarter and Full-Year 2016 Results
February 8, 2017 4:33 PM ESTCINCINNATI, Feb. 8, 2017 /PRNewswire/ --Â Cincinnati Financial Corporation (Nasdaq: CINF) today reported:
Fourth-quarter 2016 net income of $100 million, or 60 cents per share, compared with $156 million, or 94 cents per share, in the fourth quarter of 2015. Full-year 2016 net income of $591 million, or $3.55 per share, down 7 percent from $634 million, or $3.83, in 2015. Operating income of $511 million, or $3.07 per share, down 13 percent from $589 million, or $3.56 per share. $56 million decrease in fourth-quarter 2016 net income, reflecting the after-tax net effect of a $63 million reduction in the contribution from property casualty underwriting that included an... More