NasdaqGS:CINFInsurance
Cincinnati Financial (CINF) Stock Faces Underwriting Doubts After Equity Fueled Profit Surge
Cincinnati Financial stock drifted about 1% lower to around US$181 in Tuesday trading, even as the headline numbers landed with real force. The insurer posted Q2 basic earnings per share of US$8.14 and net income of US$1.26b, powered largely by equity portfolio gains, while the property and casualty combined ratio sat at 100.8%.
In the very short term, traders are treating this as just another mild down day. For long term holders, the mix of robust investment profits and a basically breakeven...