Cincinnati Financial

CEO: CinFin expects $75mn-$125mn net Milton loss in Q4

Cincinnati Financial’s CEO has revealed his company expects $75mn to $125mn of losses from Hurricane Milton net of any reinsurance recoveries, and also highlighted average renewal price increases in Q3 “improved incrementally” compared with the second quarter of this year.

CinFin Q3 CR increases 3 pts to 97.4% on higher cat losses

Cincinnati Financial has reported an earnings miss for Q3 due to increased catastrophe losses, with results that included a 3 point increase in its combined ratio and 17 percent growth in property casualty net written premiums.

Cincinnati Global 318 to enter marine cargo as Lloyd’s approves £375mn stamp for 2025

Cincinnati Global Syndicate 318 has received Lloyd’s approval to maintain its stamp capacity at £375mn ($488.48mn) for the 2025 year of account, according to a Lloyd’s auction season 2024 disclosure.

Cincinnati lifts Syndicate 318 forecasts for 2022/23 YoA

Cincinnati Global has reported a 2.4 percentage point improvement at the midpoint in its latest quarterly forecast for the third-party capital-backed Syndicate 318 for the 2022 year of account.

CinFin’s Q2 CR worsens 0.9 pts to 98.5% as NWP grows 14%

Cincinnati Financial has reported a Q2 earnings beat despite its P&C combined ratio deteriorating 0.9 points to 98.5 percent, while net written premiums increased 14 percent to $2.46bn.

CinFin confident in casualty pricing “across the spectrum”

Cincinnati Financial remains confident in its general liability and excess/umbrella casualty pricing as the company looks to manage the impact of inflation on its potential loss costs.

CinFin swings to UW profit and records marginal earnings beat in Q1

Cincinnati Financial swung to a $131mn first quarter underwriting profit and cut 7.1 points from its combined ratio mainly from lower catastrophe losses, while its earnings for the period came in marginally ahead of analysts’ consensus forecast.

BofA, KBW: Personal lines growth, strong reinsurance results expected in Q1 earnings

Analysts at Bank of America and KBW are predicting strong first quarter results for reinsurers and improving personal lines results driven by a mild quarter for cat losses, but anticipate commentary among CEOs about weakening casualty trends.

Syndicate results momentum continues as Cincinnati Global 318 posts 76% 2023 CR

In the latest indicator of a strong 2023 result for Lloyd’s syndicates, Cincinnati Global Syndicate 318 has reported a combined ratio of 76 percent for the calendar year.

CinFin buys more cat limit as AFG and Assurant increase retentions

Recent reinsurance buying themes – concerning the purchase of further limit at the top of cat programs, and higher retentions being maintained or increased – continued last week, as Cincinnati Financial, American Financial Group and Assurant reported earnings, while CNA also pointed to ceding commissions on quota shares edging in favour of its reinsurers.

Cincinnati Global 318 and Ark signal Lloyd’s is close to breaking records

Syndicate 318 grew its written premiums by 23 percent last year while its loss ratio shrank by almost the same amount in another sign that the Lloyd’s market may record its best-ever underwriting result next month.

CinFin shares drop 5% after $51mn commercial casualty reserve strengthening

Investors sent Cincinnati Finanical’s share price down 4.5 percent on Wednesday despite a comfortable Q4 earnings beat, amid concerns over commercial casualty reserve strengthening, while management also revealed the insurer added $100mn at the top of its property cat reinsurance cover at 1.1.

CinFin P&C UW gain almost triples in Q4 to $252mn in big earnings beat

Cincinnati Financial’s P&C underwriting income nearly tripled in the fourth quarter, as cat losses fell by 85 percent to $20mn and the underlying loss ratio improved by 340 basis points, while earned premiums grew by 10 percent to nearly $2bn.

CinFin names Spray CEO with Johnston remaining as executive chair

Cincinnati Financial has announced that president Stephen Spray will take over as CEO in May, with Steven Johnston remaining as executive chairman of the company and its US subsidiaries.

Cincinnati lifts Syndicate 318 forecasts; 2024 stamp grows by 25%

Cincinnati Global has reported a 0.6 percentage point improvement at the midpoint in its latest quarterly forecast for the third-party capital-backed Syndicate 318 for the 2021 year of account.

CinFin reports Q3 earnings beat as CR improves 9.5 pts to 94.4%

Cincinnati Financial Corporation has reported a comfortable earnings beat for the third quarter, with results that included its combined ratio improving 9.5 percent as a result of lower catastrophe losses.

Cincinnati 318 to enter cargo and construction as 2024 stamp grows by 25%

Cincinnati Global has unveiled plans for Syndicate 318 to enter cargo and construction in 2024 after receiving approval from Lloyd’s to grow its stamp capacity by 25 percent.

Cincinnati and Dale syndicates plan 25% capacity increases for 2024

Cincinnati Global Syndicate 318 and Dale Syndicate 1729 are both planning 25 percent stamp capacity increases for 2024, in the latest sign that property and specialty-focused Lloyd’s insurers are looking to capitalise on the continuing hard market conditions, The Insurer can reveal.

CinFin’s average renewal price rises accelerated in Q2 as it targets further HNW growth

Average renewal price increases across all of Cincinnati Financial’s major business lines accelerated in Q2 2023, while the carrier is “positioned really well” to continue profitably growing its high-net-worth business, which saw its net premiums written (NPW) increase 35 percent during the period.

Cincinnati Global’s Syndicate 318 sees NWP jump 19% in Q2

Cincinnati Global, which operates Cincinnati’s Lloyd’s Syndicate 318, has reported its second quarter results with a 19 percent increase in net written premiums year on year to $82mn.

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