NASDAQ$CINF
Cincinnati Financial Corp · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Cincinnati Financial reported a net income of $484 million, or $2.99 per share, for the third quarter of 2020, and a book value per share of $60.57 as of September 30, 2020.
Cincinnati Financial Corporation reported a significant increase in net income for the third quarter of 2020, primarily due to a substantial increase in the fair value of equity securities held. However, non-GAAP operating income decreased due to elevated catastrophe losses, despite improvements in other areas of performance. The company remains confident in its balance sheet and risk management decisions, with a focus on providing outstanding claims service.
- Third-quarter net income increased to $484 million, or $2.99 per share, compared to $248 million, or $1.49 per share, in Q3 2019.
- Non-GAAP operating income decreased by 65% to $63 million, or $0.39 per share, from $179 million, or $1.08 per share, in the same period last year.
- Book value per share at September 30, 2020, rose to $60.57, up $0.02 since year-end.
- The combined ratio for the third quarter of 2020 was 103.6%, up from 94.2% in the third quarter of 2019, primarily due to catastrophe losses.
Headline financials
Revenue & EPS history
Cincinnati Financial · Revenue · Quarterly
$2.23B
Revenue by segment
Cincinnati Financial · $1.43B total across 4 segments · Q3 2020
- Commercial Lines Insurance$866M—60.6%
- Personal Lines Insurance$368M—25.7%
- Life Insurance$114M+6.5%8.0%
- Excess and Surplus Lines Insurance$82M—5.7%
Forward guidance
Company did not provide specific forward guidance, but expressed confidence in future value growth through operational initiatives.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2020
+0.0%
Avg return
Earnings day
-0.1%
Avg return
5 days after
+2.7%
Avg return
30 days after
51%
35 / 69 earnings
Positive
+10.9%
Q4 2022
Best reaction
-14.0%
Q2 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.2% | -2.2% | -4.0% | |
| Q4 2025 | -3.3% | -3.5% | -2.6% | |
| Q3 2025 | -3.8% | -1.9% | +6.9% | |
| Q2 2025 | -2.0% | -0.3% | +1.8% | |
| Q1 2025 | +2.9% | +5.7% | +10.4% | |
| Q4 2024 | +2.8% | +1.0% | +4.7% | |
| Q3 2024 | +1.7% | +2.2% | +12.7% | |
| Q2 2024 | +3.3% | +8.5% | +10.6% | |
| Q1 2024 | -7.5% | -3.5% | -1.9% | |
| Q4 2023 | -4.2% | -2.6% | +4.9% | |
| Q3 2023 | -0.8% | +1.3% | +4.4% | |
| Q2 2023 | +5.8% | +4.6% | +0.6% | |
| Q1 2023 | +4.6% | +1.8% | -3.4% | |
| Q4 2022 | +10.9% | +9.2% | +13.7% | |
| Q3 2022 | -3.2% | -2.6% | +8.3% | |
| Q2 2022 | -14.0% | -16.5% | -11.3% | |
| Q1 2022 | -9.1% | -9.5% | -4.9% | |
| Q4 2021 | +7.2% | +5.1% | +10.7% | |
| Q3 2021 | +2.5% | -2.1% | -4.7% | |
| Q2 2021 | +1.4% | +2.6% | +7.2% | |
| Q1 2021 | +2.8% | +6.0% | +12.2% | |
| Q4 2020 | +4.8% | +6.0% | +23.4% | |
| Q3 2020 | -4.6% | -8.6% | +1.5% | |
| Q2 2020 | +0.2% | -6.4% | -5.7% | |
| Q1 2020 | -8.6% | -22.4% | -21.8% | |
| Q4 2019 | +6.4% | +7.6% | -7.4% | |
| Q3 2019 | -2.0% | -2.3% | -7.2% | |
| Q2 2019 | +1.0% | -0.0% | +6.0% | |
| Q1 2019 | +7.6% | +9.2% | +14.6% | |
| Q4 2018 | +2.1% | +1.8% | +2.3% | |
| Q3 2018 | +7.2% | +9.8% | +10.4% | |
| Q2 2018 | +4.4% | +6.1% | +7.3% | |
| Q1 2018 | -4.7% | -6.2% | -6.0% | |
| Q4 2017 | -3.1% | +2.4% | +6.1% | |
| Q3 2017 | -6.2% | -7.4% | -4.3% | |
| Q2 2017 | +5.3% | +4.5% | +0.6% | |
| Q1 2017 | +1.7% | -1.0% | -2.7% | |
| Q4 2016 | -0.3% | +1.9% | +5.0% | |
| Q3 2016 | -1.4% | -2.4% | +5.5% | |
| Q2 2016 | -0.1% | -0.3% | +2.6% | |
| Q1 2016 | +2.7% | — | — | |
| Q4 2015 | +3.9% | — | — | |
| Q3 2015 | +2.7% | — | — | |
| Q2 2015 | +2.3% | — | — | |
| Q1 2015 | -2.4% | — | — | |
| Q4 2014 | -0.4% | — | — | |
| Q3 2014 | +0.9% | — | — | |
| Q2 2014 | -2.7% | — | — | |
| Q1 2014 | -2.8% | — | — | |
| Q4 2013 | -4.3% | — | — | |
| Q3 2013 | +0.1% | — | — | |
| Q2 2013 | +0.9% | — | — | |
| Q1 2013 | -1.7% | — | — | |
| Q4 2012 | +2.0% | — | — | |
| Q3 2012 | +2.9% | — | — | |
| Q2 2012 | +2.6% | — | — | |
| Q1 2012 | +1.2% | — | — | |
| Q4 2011 | -1.2% | — | — | |
| Q4 2008 | -1.2% | — | — | |
| Q3 2011 | +1.4% | — | — | |
| Q2 2011 | -2.1% | — | — | |
| Q1 2010 | -2.5% | — | — | |
| Q1 2011 | +0.1% | — | — | |
| Q4 2010 | +2.0% | — | — | |
| Q3 2009 | -2.3% | — | — | |
| Q3 2010 | -2.3% | — | — | |
| Q4 2009 | -0.6% | — | — | |
| Q2 2010 | -0.6% | — | — | |
| Q2 2009 | -0.6% | — | — |
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