Cincinnati Financial: 2Q Earnings Snapshot
FAIRFIELD, Ohio (AP) _ Cincinnati Financial Corp. (CINF) on Tuesday reported second-quarter net income of $428 million.
The Fairfield, Ohio-based company said it had net income of $2.59 per share. Earnings, adjusted for investment gains, were 85 cents per share.
The insurer posted revenue of $1.91 billion in the period. Its adjusted revenue was $1.55 billion.
Cincinnati Financial shares have risen 37% since the beginning of the year, while the Standard & Poor’s 500 index has increased 20%. In the final minutes of trading on Tuesday, shares hit $105.87, a rise of 40% in the last 12 months.