FAIRFIELD, Ohio (AP) — FAIRFIELD, Ohio (AP) — Cincinnati Financial Corp. (CINF) on Monday reported second-quarter profit of $685 million.
On a per-share basis, the Fairfield, Ohio-based company said it had profit of $4.34. Earnings, adjusted for investment gains, came to $1.97 per share.
The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.39 per share.
The insurer posted revenue of $3.25 billion in the period. Its adjusted revenue was $2.78 billion, which matched Street forecasts.
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