CINCINNATI, Dec. 12, 2024 /PRNewswire/ -- To further develop profitable growth opportunities for its insurance business, Cincinnati Financial Corporation (Nasdaq: CINF) is promoting experienced leaders to help shape the strategy for its commercial/life operations and its personal/specialty operations effective January 1, 2025.
President & CEO Stephen M. Spray commented, "Cincinnati Insurance has experienced a tremendous amount of profitable growth over the past decade. We've added products, capabilities and geographies – all while staying anchored to our agent-centered strategy and keeping our focus on financial strength and stability. By channeling our company's talent and resources, we can continue building for the future."
CINCINNATI, Nov. 15, 2024 /PRNewswire/ -- Cincinnati Financial Corporation (Nasdaq: CINF) announced that at today's regular meeting, the board of directors declared an 81-cents-per-share regular quarterly cash dividend. The dividend is payable January 15, 2025, to shareholders of record as of December 19, 2024.
Stephen M. Spray, president and chief executive officer, commented, "Our recent results demonstrate our success in continuing to execute on our proven strategy to grow the company's insurance business profitably. This dividend announcement reflects the board's confidence in our stability, financial strength and excellent agency relationships and in their belief in the ongoing delivery of best-in-class service provided by our associates."
CINCINNATI, Nov. 15, 2024 /PRNewswire/ -- Cincinnati Financial Corporation (Nasdaq: CINF) today announced that Thomas J. Aaron has resigned from the board of directors of Cincinnati Financial Corporation and boards of affiliated companies. At the same time, the board reduced its size to 13 members. Mr. Aaron's resignation is not the result of a disagreement with any of the companies on any matter relating to their operations, policies or practices.
A director since 2019, Mr. Aaron has served as a member of the audit and compensation committees. He also served as a director of the company's U.S. insurance subsidiaries. His contributions included using his experience to provide financial expertise to the board and helping to guide management in decisions and actions related to planning, risk management, investor relations and capital management.
CINCINNATI, Oct. 24, 2024 /PRNewswire/ -- Cincinnati Financial Corporation (Nasdaq: CINF) today reported:
Third-quarter 2024 net income of $820 million, or $5.20 per share, compared with a net loss of $99 million, or $0.63 per share, in the third quarter of 2023, after recognizing a $645 million third-quarter 2024 after-tax increase in the fair value of equity securities still held.Third-quarter 2024 non-GAAP operating income* of $224 million, or $1.42 per share, compared with $261 million, or $1.66 per share, in the third quarter of last year. The decrease of $37 million, or 14%, was primarily due to an $86 million increase in after-tax catastrophe losses.$919 million increase in third-quarter 2024 net income, compared with third-quarter 2023, primarily due to the after-tax net effect of a $956 million increase in net investment gains.$88.32 book value per share at September 30, 2024, up $11.26 since year-end.17.8% value creation ratio for the first nine months of 2024, compared with 4.4% for the same period of 2023.CINCINNATI, Oct. 8, 2024 /PRNewswire/ -- Cincinnati Financial Corporation (Nasdaq: CINF) plans to release its third-quarter 2024 results on Thursday, October 24, 2024, after the close of regular trading on the Nasdaq Stock Market.
The company will hold a conference call to discuss third-quarter 2024 results on Friday, October 25, at 11 a.m. ET. To access the call webcast, please visit investors.cinfin.com. A replay will be available approximately two hours after the event's completion.
About Cincinnati Financial Corporation:
CINCINNATI, Aug. 23, 2024 /PRNewswire/ -- Cincinnati Financial Corporation (Nasdaq: CINF) announced that at today's regular meeting, the board of directors declared an 81-cents-per-share regular quarterly cash dividend. The dividend is payable October 15, 2024, to shareholders of record as of September 17, 2024.
Stephen M. Spray, president and chief executive officer, commented, "The payment of this dividend in October will complete 64 years of increasing annual cash dividends, an achievement that we believe only seven other public companies in the U.S. can claim. The confidence we have in our capital strength and in our ability to achieve industry-leading operating performance through our insurance business bolsters our belief that we'll continue to generate shareholder value through stock price appreciation and dividend payments far into the future."
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