Cincinnati Financial (CINF) Tops Q2 EPS by 13c, Revenues In-Line

Cincinnati Financial (NASDAQ: CINF) reported Q2 EPS of $0.64, $0.13 better than the analyst estimate of $0.51. Revenue for the quarter came in at $1.39 billion versus the consensus estimate of $1.39 billion.

• Second-quarter 2017 net income of $100 million, or 60 cents per share, compared with $123 million, or 74 cents per share, in the second quarter of 2016.
• $12 million or 13 percent rise in operating income* to $107 million, or 64 cents per share, compared with $95 million, or 57 cents per share, in the second quarter of last year.
• $23 million decrease in second-quarter 2017 net income, reflecting the after-tax net effect of a $35 million decrease in net realized investment gains.
• $44.97 book value per share at June 30, 2017, up $2.02 or 4.7 percent since year-end to a new record high.
• 7.0 percent value creation ratio for the first six months of 2017, compared with 10.5 percent for the same period of 2016.

For earnings history and earnings-related data on Cincinnati Financial (CINF) click here.

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