Cincinnati Financial Third Quarter 2024 Earnings: Beats Expectations

Cincinnati Financial (NASDAQ:CINF) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$3.32b (up 83% from 3Q 2023).
• Net income: US$820.0m (up from US$99.0m loss in 3Q 2023).
• Profit margin: 25% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue.
• EPS: US$5.25 (up from US$0.63 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Cincinnati Financial Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 31%. Earnings per share (EPS) also surpassed analyst estimates significantly.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 5.1% growth forecast for the Insurance industry in the US.

Performance of the American Insurance industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You still need to take note of risks, for example - Cincinnati Financial has 1 warning sign we think you should be aware of.

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