Cincinnati Financial
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Regionals and smaller carriers need to exercise vigilance when expanding commercial casualty lines. -
The losses do not change the near-term assessment of CinFin’s balance sheet strength.
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The estimated net effect on Q1 premium revenue is a decrease of $50mn to $60mn, executives said.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The promotions are in the commercial/life and personal/specialty operations.
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Cincinnati Re reported $38mn of cat losses in Q3 that included $18mn for Hurricane Helene.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Regionals may be particularly vulnerable to problematic loss cost trends and volatile cat losses.
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CinFin added reserves in Q2 after incurred losses emerged higher than expected.
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A roundup of today’s need-to-know news, including Commissioner Lara’s FAIR plan reforms.
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The Insurance Insider US news team runs you through the earnings results for the day.
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This was offset by a $108mn reserve charge for years 2021 and prior.
Related
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Q1 earnings roundup April 25: Gallagher, Kinsale, CinFin
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CinFin’s Q4 casualty net reserve charge driven by GL, not umbrella: CFO
February 07, 2024 -
Q4 earnings roundup February 6: CinFin, AFG, WTW
February 06, 2024 -
CinFin president Spray set to assume CEO title in May
January 26, 2024