CinFin improves CoR by 1.3 points confounding predicted deterioration
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CinFin improves CoR by 1.3 points confounding predicted deterioration

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Cincinnati Financial’s combined ratio fell by 1.3 points in the first quarter of the year to 89.9%, despite warnings from CEO Steve Johnston on the firm’s Q4 earnings call that its GAAP combined ratio was likely to tick up.

However, the carrier’s underlying CoR deteriorated 3.1 points to 89.3% in the first quarter, despite most carriers with large commercial lines books showing underlying margin improvement following years of rate rises in excess of loss trends.

During

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