Cincinnati Financial (CINF) Reports Q1 EPS of $0.84

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Go back to Cincinnati Financial (CINF) Reports Q1 EPS of $0.84

Cincinnati Financial Reports First-Quarter 2020 Results

April 27, 2020 4:05 PM EDT

CINCINNATI, April 27, 2020 /PRNewswire/ -- Cincinnati Financial Corporation (Nasdaq: CINF) today reported:

First-quarter 2020 net loss of $1.226 billion, or $7.56 per share, compared with net income of $695 million, or $4.22 per share, in the first quarter of 2019, after recognizing a $1.303 billion first-quarter 2020 reduction in the fair value of equity securities still held. $35 million or 20% decrease in non-GAAP operating income* to $137 million, or 84 cents per share, compared with $172 million, or $1.05 per share, in the first quarter of last year. $1.921 billion decrease in first-quarter 2020 net income, primarily due... More