Cincinnati Financial (CINF) Tops Q2 EPS by 5c

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Go back to Cincinnati Financial (CINF) Tops Q2 EPS by 5c

Cincinnati Financial Reports Second-Quarter 2020 Results

July 27, 2020 4:05 PM EDT

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

Second-quarter 2020 net income of $909 million, or $5.63 per share, compared with $428 million, or $2.59 per share, in the second quarter of 2019, after recognizing an $825 million second-quarter 2020 increase in the fair value of equity securities still held. $69 million or 49% decrease in non-GAAP operating income* to $71 million, or 44 cents per share, compared with $140 million, or 85 cents per share, in the second quarter of last year. $481 million increase in second-quarter 2020 net income, primarily due to the... More