Cincinnati Financial Corporation Announces Preliminary Estimate for First-Quarter Storm Losses
Yahoo! Finance
Cincinnati Financial Corporation (Nasdaq: CINF) today announced that its consolidated first-quarter results are expected to include pretax catastrophe losses of approximately $235 million – representing an impact on the first-quarter 2023 combined ratio of approximately 12.8 percentage points, based on estimated property casualty earned premiums. The company's 5–year historical average contribution of catastrophe losses to the combined ratio is 6.3 percentage points for the first quarter.
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