Cincinnati Financial: 4Q Earnings Snapshot
FAIRFIELD, Ohio (AP) _ Cincinnati Financial Corp. (CINF) on Wednesday reported a fourth-quarter loss of $452 million, after reporting a profit in the same period a year earlier.
The Fairfield, Ohio-based company said it had a loss of $2.78 per share. Earnings, adjusted for one-time gains and costs, came to 98 cents per share.
The insurer posted revenue of $710 million in the period. Its adjusted revenue was $1.48 billion.
For the year, the company reported profit of $287 million, or $1.75 per share. Revenue was reported as $5.81 billion.
Cincinnati Financial shares have risen almost 6 percent since the beginning of the year, while the Standard & Poor’s 500 index has risen 9 percent. In the final minutes of trading on Wednesday, shares hit $81.85, a climb of 13 percent in the last 12 months.