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Cincinnati Financial: 4Q Earnings Snapshot

FAIRFIELD, Ohio (AP) _ Cincinnati Financial Corp. (CINF) on Wednesday reported fourth-quarter earnings of $626 million.

On a per-share basis, the Fairfield, Ohio-based company said it had net income of $3.79. Earnings, adjusted for non-recurring gains, came to $1.23 per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.11 per share.

The insurer posted revenue of $2.15 billion in the period. Its adjusted revenue was $1.62 billion.

For the year, the company reported profit of $2 billion, or $12.10 per share. Revenue was reported as $6.27 billion.

Cincinnati Financial shares have increased roughly 3% since the beginning of the year, while the Standard & Poor's 500 index has increased 3%. In the final minutes of trading on Wednesday, shares hit $108.01, an increase of 31% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CINF at https://www.zacks.com/ap/CINF