What Awaits Cincinnati Financial (CINF) In Q3 Earnings?
Zacks Investment Research | Oct 21, 2019 12:11AM ET
Cincinnati Financial (NASDAQ:CINF) is slated to report third-quarter 2019 earnings on Oct 24 after market close. The company delivered a positive surprise of 32.81% in the last reported quarter.
Let’s see what’s in store for the company in the upcoming announcement.
Strong performance at Commercial Lines segment, disciplined expansion of Cincinnati Re, increase in new business written and company’s agent-focused business model are likely to have been reflected in Cincinnati Financial’s third-quarter results.
The Commercial Lines segment is expected to have benefited from growth initiatives and increase in insurance rates.
Premiums are likely to have been supported by growth initiatives, price increases and a higher level of insured exposures.
Strong cash flow from operating activities is likely to have aided net investment income.
The top-line is likely to have benefited from higher premiums and increase in investment income.
A not-so-active catastrophe environment, retention of more profitable accounts and better pricing on less profitable business are likely to have aided underwriting profit and combined ratio.
Expenses are likely to have increased due to higher insurance loss and policyholder benefits as well as underwriting, acquisition and insurance expenses.
The Zacks Consensus Estimate for third-quarter earnings per share stands at 93 cents, implying an increase of 10.7% from the year-ago reported figure.
What Our Quantitative Model States
Our proven model does not conclusively predict an earnings beat for Cincinnati Financial this time around. The combination of a positive Zacks Investment Research
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