Cincinnati Financial

CinFin and Everest shares slide after Q2 earnings reports

Investors reacted negatively to second quarter results posted last night by Cincinnati Financial and Everest Re, sending the share price of those companies down over 13 percent and over 6 percent respectively in morning trading.

CinFin Q2 CR jumps to 103.2% on higher cats and umbrella losses

Cincinnati Financial has reported a Q2 earnings miss as operating income fell 64 percent to $104mn and the combined ratio rose 17.7 points to 103.2 percent.

CinFin “confident” in workers’ comp book as inflation continues to surge

Executives at super-regional carrier Cincinnati Financial expressed confidence that its workers’ compensation portfolio will continue to perform well, as surging economic inflation pushes loss costs and exposure units higher, even as pricing for the line of business continues falling.

CinFin UW income jumps 24% to $165mn, NWP +12% to $1.9bn

Cincinnati Financial benefited from sharply lower catastrophes in the first quarter as its underwriting income increased 24 percent to $165mn, while the company was also aided by a higher volume of earned premiums which helped offset a modest deterioration in its underlying loss ratio and less favourable prior-year loss development.

Cincinnati 318 books 83% CR and £23mn profit in 2021

Cincinnati Syndicate 318 generated a combined ratio of 83 percent for the 2021 calendar year as it booked a profit of £23mn ($30.8mn).

CinFin shares up 6% as Johnston targets 8%-plus premium growth for 2022

Cincinnati Financial CEO Steven Johnston has targeted a premium growth rate of 8 percent or more this year following 10 percent growth in 2021, with investors responding to the insurer’s Q4 earnings beat by sending the company’s share price up over 6 percent on Wednesday.

CinFin reports Q4 earnings beat with 84.2% CR and 10% NWP growth

Cincinnati Financial has reported a 22 percent increase in operating income to $320mn, from $262mn in Q4 2020, with the insurer benefiting from lower catastrophe losses and higher prior year reserve releases.

Spray named CinFin US subsidiaries pres among series of promotions

Cincinnati Financial Corporation has named Stephen Spray as president of all US subsidiary companies, a move that was announced along with a raft of other promotions.

Indiana appellate court latest to affirm insurer Covid-19 BI win

An Indiana state appellate court has affirmed Cincinnati Financial’s victory in Covid-19 business interruption litigation brought by a theatre, making it the third known intermediate appeals court to do so and following seven federal appeals courts issuing wins for insurers in such cases.

CinFin staying ahead of loss costs despite slowing rate rises

Cincinnati Financial continues to secure property and casualty (P&C) renewal pricing ahead of prospective loss cost trends even as rate rises start to slow and the market contends with broad inflationary trends, chairman, president and CEO Steven Johnston told analysts on Thursday.

CinFin beats on surging earnings and reports big CR improvement

Cincinnati Financial beat Wall Street earnings forecasts for the third quarter and reported a combined ratio in its P&C insurance operations that improved from 103.6 percent to 92.6 percent as well as strong top line growth.

Specialty treaty demand on the rise

Cincinnati Re’s head of specialty reinsurance Bill Lazzaro highlights specialty treaty opportunities.

Missouri judge sends CinFin BI case to trial despite 8th Circuit ruling

A district court judge in Missouri has denied Cincinnati Insurance’s summary judgment motion in a Covid-19 business interruption case brought by a bar owner, in a ruling that stated the insurer’s win in the Eighth Circuit’s Oral Surgeons decision does not preclude coverage.

More risk margin needed to account for increasing uncertainty

Cincinnati Re’s Jamie Hole outlines the drivers behind the reinsurance unit’s growth momentum and highlights some of the challenges facing casualty and property catastrophe lines.

Another appeals court rules in Cincinnati’s favour in Covid-19 BI case

In one of the first rulings on appeal in a US Covid-19 business interruption case, the Eleventh Circuit has affirmed Cincinnati Financial’s win over a dental practice in Georgia.

CinFin non-renews cat occurrence XoL treaty, reveals 62% Q2 growth for Cincinnati Re

Cincinnati Financial has revealed it non-renewed a property catastrophe occurrence XoL treaty in June, with the insurer’s CEO Steven Johnston also commenting that Covid-19 litigation is progressing as anticipated.

Cincinnati reports strong Q2 earnings beat and 85.5% CR

Cincinnati Financial has reported a comfortable earnings beat with second quarter results that included a 17.6 point improvement in the combined ratio.

PA state court allows gym’s Covid suit against CinFin to proceed

A Pennsylvania state court judge has overruled Cincinnati Insurance Company’s effort to dismiss a Covid-19 business interruption lawsuit, ruling that direct physical loss or damage has been sufficiently alleged by a gym based on the “continuous presence” of the virus on its property.

Insurer wins in first US Covid BI federal appeal decision

The Eighth Circuit has affirmed Cincinnati Financial’s victory over a dental practice in what is believed to be the first federal court ruling on a Covid-19 business interruption appeal.

Judge denies CinFin’s bid to dismiss Alabama restaurants’ Covid-19 BI case

Cincinnati Financial has been denied a motion to dismiss in a case brought by a group of Alabama restaurants, with the Northern District of Alabama judge stating that Covid-19 does not necessarily have had to have altered the restaurants’ property for there to be coverage.

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