Cincinnati Financial (CINF) Tops Q1 EPS by 18c
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Cincinnati Financial Reports First-Quarter 2019 Results
April 24, 2019 4:05 PM EDTCINCINNATI, April 24, 2019 /PRNewswire/ --Â Cincinnati Financial Corporation (Nasdaq: CINF)Â today reported:
First-quarter 2019 net income of $695 million, or $4.22 per share, compared with a net loss of $31 million, or 19 cents per share, in the first quarter of 2018. $52 million or 43% increase in non-GAAP operating income* to $172 million, or $1.05 per share, compared with $120 million, or 72 cents per share, in the first quarter of last year. $726 million increase in first-quarter 2019 net income, primarily due to the after-tax net effect of a $674 million increase in net investment gains and a $49 million increase in after-tax... More