Cincinnati Financial (CINF) Misses Q1 EPS by 5c

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Go back to Cincinnati Financial (CINF) Misses Q1 EPS by 5c

Cincinnati Financial Reports First-Quarter 2018 Results

April 25, 2018 4:05 PM EDT

CINCINNATI, April 25, 2018 /PRNewswire/ -- Cincinnati Financial Corporation (Nasdaq: CINF) today reported:

First-quarter 2018 net loss of $31 million, or 19 cents per share, compared with $201 million of net income, or $1.21 per share, in the first quarter of 2017, after recognizing a $156 million reduction in the fair value of equity securities still held that prior to 2018 would have been reported in other comprehensive income instead of net income. $22 million increase in non-GAAP operating income* to $120 million, or 72 cents per share, compared with $98 million, or 59 cents per share, in the first quarter of... More