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State: 17.08.2024 | 11PM
Mon, 10.02.2025       Cincinnati Financial

CINCINNATI, Feb. 10, 2025 /PRNewswire/ -- Cincinnati Financial Corporation (Nasdaq: CINF) today reported:

Fourth-quarter 2024 net income of $405 million, or $2.56 per share, compared with $1.183 billion, or $7.50 per share, in the fourth quarter of 2023, after recognizing a $107 million fourth-quarter 2024 after-tax decrease in the fair value of equity securities still held.Full-year 2024 net income of $2.292 billion, or $14.53 per share, compared with $1.843 billion, or $11.66 per share, in 2023.$138 million or 38% increase in fourth-quarter 2024 non-GAAP operating income* to $497 million, or $3.14 per share, compared with $359 million, or $2.28 per share, in the fourth quarter of last year.$245 million or 26% increase in full-year 2024 non-GAAP operating income to $1.197 billion, or $7.58 per share, up from $952 million, or $6.03 per share, with increases of $141 million in after-tax property casualty underwriting profit and $104 million in net investment income.$778 million decrease in fourth-quarter 2024 net income reflected a $916 million decrease in after-tax net investment gains that offset increases of $79 million in after-tax property casualty underwriting profit and $33 million in net investment income.$89.11 book value per share at December 31, 2024, up $12.05 since year-end 2023.19.8% value creation ratio for full-year 2024, compared with 19.5% for 2023.

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