CinFin estimates LA wildfire losses of $450mn to $525mn net of reinsurance: CEO
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CinFin estimates LA wildfire losses of $450mn to $525mn net of reinsurance: CEO

The estimated net effect on Q1 premium revenue is a decrease of $50mn to $60mn, executives said.

By Danielle Ling
February 11, 2025
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Cincinnati Financial CEO Stephen Spray said that the carrier estimates January’s LA wildfires will impact Q1 2025 results with pre-tax catastrophe losses of approximately $450mn to $525mn, net of reinsurance recoveries.

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