http://www.uctxs.com/infusions/theme_database/fusion-themes.html
The company posted fourth-quarter net income of $161 or 99 cents per share, comparexd to $187 million, or $1.11 per in fourth-quarter 2007. Total revenues rose 4.2 to $1 billion from $977 million. Analysts, on had expected operating incom of 55 centsper share, comparedf to Cincinnati Financial's 57 centsx per share for the fourth quarter, and revenues of $916 For the full year, Cincinnatio Financial reported net income of $429 million, or $2.62 per down almost 50 percent from $855 million, or $4.987 per share, in 2007. Total revenuew rose to $3.8 billion from $4.3 billion. The drop in investmenrt income – down 20.5 percent for the quarte and 11.
6 percent for the year contributed tolower profits. Cincinnati Financial, on Feb. 2, its stoclk in (NASDAQ: FITB). The insurerd had once been thebanking company’es largest shareholder. “As we stated on we’re working on a variety of initiatives, includintg the repositioning of ourinvestment portfolio, to preserve our capitalp strength and liquidity,” said Kenneth Stecher, president and CEO, in a news The company is focusing on upgradinh information technology systems for its commercial and personal lines, as well as expanding its geographi c footprint and adding more Stecher added. The property casualtyg combined ratiowas 98.9 percent for the quartee and 100.
6 percent for the Shares of Cincinnati Financial (NASDAQ: lost 29 cents, to $21.73, in Thursday afternoonj trading. Cincinnati Financial, headquartered in Fairfield, offerx commercial, personal and life insurance products in theUniteds States.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment