2023-01-27 16:57:37 CINF Cincinnati Financial
01/27/23 01/2716:57 01/27/2316:57 | Cincinnati Financial announces preliminary Q4 pretax catastrophe losses of $141MCincinnati Financial announced that its consolidated fourth-quarter results are expected to include pretax catastrophe losses of approximately $141M, representing an impact on the fourth-quarter combined ratio of approximately 7.8 percentage points, based on estimated property casualty earned premiums. The company's five-year historical average contribution of catastrophe losses to the combined ratio is 3.9 percentage points for the fourth quarter. The catastrophe loss estimate includes $161M from Winter Storm Elliott, net of reinsurance and excluding any effects of reinstatement premiums assumed or ceded, in addition to less severe storms and favorable loss reserve development on previous catastrophe events, primarily ones that occurred in 2022. The estimate for total Q4 catastrophe losses incurred includes approximately $100M for the commercial lines insurance segment; $38M for the personal lines insurance segment; $2M for the excess and surplus lines insurance segment and $1M in total for Cincinnati Re and Cincinnati Global Underwriting Ltd. Estimated losses and expenses from catastrophe-related claims are expected to bring the company's fourth-quarter property casualty combined ratio to approximately 95%. The combined ratio before catastrophe losses for the quarter was approximately 2.5 percentage points better than that ratio for the first nine months of 2022 but continued to reflect increased uncertainty of estimated ultimate losses, due in part to elevated paid losses reflecting economic or other forms of inflation. Net written premium growth is estimated to be approximately 10% for the quarter. |
|
---|
Hot Stocks
|
Aurora Cannabis announces Nasdaq notice of non-compliance »
18:02 03/24/23 03/2418:02 03/24/2318:02
ACB
Aurora Cannabis
Aurora Cannabis announced… Story temporarily locked. ShowHide Related Items >><<
|
Earnings
|
PPL Corp. backs FY23 EPS view $1.50-$1.65, consensus $1.59 »
17:43 03/24/23 03/2417:43 03/24/2317:43
PPL
PPL Corp.
The company still… Story temporarily locked. ShowHide Related Items >><<
|
Conference/Events
|
Jefferies Euro Midcaps analyst to hold an analyst/industry conference call »
17:25 03/24/23 03/2417:25 03/24/2317:25
European Midcaps Analyst… Story temporarily locked. |
Hot Stocks
|
Cutera receives Nasdaq notification of deficiency »
17:16 03/24/23 03/2417:16 03/24/2317:16
CUTR
Cutera
Cutera announced that it… Story temporarily locked. ShowHide Related Items >><<
|
Conference/Events
|
Sherwin-Williams management to meet with Mizuho »
17:15 03/24/23 03/2417:15 03/24/2317:15
SHW
Sherwin-Williams
Meeting to be held in… Story temporarily locked. ShowHide Related Items >><<
|
Hot Stocks
|
Berkshire Grey trading resumes
17:15 03/24/23 03/2417:15 03/24/2317:15
BGRY
Berkshire Grey
ShowHide Related Items >><<
|
Conference/Events
|
Cigna management to meet with Mizuho »
17:14 03/24/23 03/2417:14 03/24/2317:14
CI
Cigna
Meeting to be held in… Story temporarily locked. ShowHide Related Items >><<
|
General news
| Treasury Market Summary:… Story temporarily locked. ShowHide Related Items >><<
|
Syndicate
|
Intercept files automatic mixed securities shelf
17:03 03/24/23 03/2417:03 03/24/2317:03
ICPT
Intercept
ShowHide Related Items >><<
|
Syndicate
|
Checkpoint Therapeutics files automatic mixed securities shelf
17:03 03/24/23 03/2417:03 03/24/2317:03
CKPT
Checkpoint Therapeutics
ShowHide Related Items >><<
|
General news
|
Treasury readout from FSOC: "the U.S. banking system remains sound and resilient." »
16:55 03/24/23 03/2416:55 03/24/2316:55
$ECON
Economic Data
Treasury readout from… Story temporarily locked. ShowHide Related Items >><<
|
Syndicate
|
Eagle Bulk Shipping files to sell 3.78M shares of common stock for holders
16:54 03/24/23 03/2416:54 03/24/2316:54
EGLE
Eagle Bulk Shipping
ShowHide Related Items >><<
|
Syndicate
|
Eagle Bulk Shipping files $750M mixed securities shelf
16:54 03/24/23 03/2416:54 03/24/2316:54
EGLE
Eagle Bulk Shipping
ShowHide Related Items >><<
|
Hot Stocks
|
Coffee Holding receives Nasdaq notice over delayed annual report »
16:53 03/24/23 03/2416:53 03/24/2316:53
JVA
Coffee Holding
Coffee Holding Co.… Story temporarily locked. ShowHide Related Items >><<
|
Hot Stocks
|
Berkshire Grey enters merger agreement with SoftBank Group »
16:48 03/24/23 03/2416:48 03/24/2316:48
BGRY
Berkshire Grey
SoftBank Group
Berkshire Grey (BGRY)… Story temporarily locked. ShowHide Related Items >><<
|
Syndicate
|
Aslan Pharmaceuticals files to sell 388.91M ordinary shares for holders
16:40 03/24/23 03/2416:40 03/24/2316:40
ASLN
Aslan Pharmaceuticals
ShowHide Related Items >><<
|
Hot Stocks
|
Berkshire Grey trading halted, news pending
16:40 03/24/23 03/2416:40 03/24/2316:40
BGRY
Berkshire Grey
ShowHide Related Items >><<
|
Hot Stocks
|
Eastern Company announces restructuring of COO position »
16:37 03/24/23 03/2416:37 03/24/2316:37
EML
Eastern Company
The Eastern Company… Story temporarily locked. ShowHide Related Items >><<
|
Hot Stocks
|
NuCana: TBA of EPO rules European Patent 2955190 not valid »
16:35 03/24/23 03/2416:35 03/24/2316:35
NCNA
NuCana
NuCana announced that,… Story temporarily locked. ShowHide Related Items >><<
|
Syndicate
|
Live Ventures files $50M mixed securities shelf
16:35 03/24/23 03/2416:35 03/24/2316:35
LIVE
Live Ventures
ShowHide Related Items >><<
|
Syndicate
|
Otis Worldwide files automatic mixed securities shelf
16:35 03/24/23 03/2416:35 03/24/2316:35
OTIS
Otis Worldwide
ShowHide Related Items >><<
|
Syndicate
|
Aslan Pharmaceuticals files to sell $200M of ordinary shares
16:34 03/24/23 03/2416:34 03/24/2316:34
ASLN
Aslan Pharmaceuticals
ShowHide Related Items >><<
|
Periodicals
|
BridgeBio attracting bigger companies' takeover interest, Bloomberg says »
16:34 03/24/23 03/2416:34 03/24/2316:34
BBIO
BridgeBio
BridgeBio is drawing… Story temporarily locked. ShowHide Related Items >><<
|
Hot Stocks
|
Hepsiburada receives Nasdaq notification over minimum bid price »
16:33 03/24/23 03/2416:33 03/24/2316:33
HEPS
Hepsiburada
Hepsiburada announced… Story temporarily locked. ShowHide Related Items >><<
|
Syndicate
|
Hanmi Financial files automatic mixed securities shelf
16:33 03/24/23 03/2416:33 03/24/2316:33
HAFC
Hanmi Financial
ShowHide Related Items >><<
|