FAIRFIELD, Ohio (AP) — FAIRFIELD, Ohio (AP) — Cincinnati Financial Corp. (CINF) on Monday reported fourth-quarter profit of $676 million.
On a per-share basis, the Fairfield, Ohio-based company said it had profit of $4.29. Earnings, adjusted for non-recurring gains, came to $3.37 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.86 per share.
The insurer posted revenue of $3.09 billion in the period. Its adjusted revenue was $2.91 billion, matching Street forecasts.
For the year, the company reported profit of $2.39 billion, or $15.17 per share. Revenue was reported as $11.19 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CINF at https://www.zacks.com/ap/CINF
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