cincinnati financial News

Cincinnati Financial Expects Up to $290M in Storm Losses for Q2 2011

Cincinnati Financial Corp. reported that The Cincinnati Insurance Companies’ property casualty group expects its second quarter 2011 results to include pre-tax catastrophe losses, net of reinsurance, of approximately $240 million to $290 million due to severe weather during April and …

Cincinnati Financial Estimates April Storm Losses of $150M – $200M

Cincinnati Financial Corp. expects its property casualty group to see pre-tax catastrophe losses, net of reinsurance, of $150 million to $200 million due to severe weather during April. Catastrophe losses affect property casualty insurance underwriting income, one of the sources …

Cincinnati Financial Corp. Sees Decreased Income in Q1

Ohio-based Cincinnati Financial Corp. reported first quarter 2011 net income of $62 million compared with $68 million for the same period in 2010. Operating income came in at $55 million compared with $63 million during the first quarter last year. …

Cincinnati Financial Corp. Announces Leadership Changes

Cincinnati Financial Corp. announced the transition of company leadership and expanded responsibilities for key officers, effective May 2, 2011. Leadership changes include: Kenneth W. Stecher, previously president and chief executive officer, becomes chairman of the board for Cincinnati Financial and …