FAIRFIELD, Ohio (AP) _ Cincinnati Financial Corp. (CINF) on Monday reported second-quarter profit of $909 million.
The Fairfield, Ohio-based company said it had profit of $5.63 per share. Earnings, adjusted for investment gains, were 44 cents per share.
The insurer posted revenue of $2.71 billion in the period. Its adjusted revenue was $1.65 billion.
Cincinnati Financial shares have declined 22% since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. In the final minutes of trading on Monday, shares hit $82.45, a fall of 23% in the last 12 months.