Cincinnati Financial Corp. Reports Operating Results (10-Q)

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Jul 26, 2012
Cincinnati Financial Corp. (CINF, Financial) filed Quarterly Report for the period ended 2012-06-30.

Cincinnati Financial Corporation has a market cap of $6.04 billion; its shares were traded at around $37.54 with a P/E ratio of 46 and P/S ratio of 1.6. The dividend yield of Cincinnati Financial Corporation stocks is 4.3%. Cincinnati Financial Corporation had an annual average earning growth of 4% over the past 10 years.

Highlight of Business Operations:

Revenues rose for the second quarter and the first six months of 2012 compared with the same periods of 2011, primarily due to growth in earned premiums. Premium and investment revenue trends are discussed further in the respective sections of Results of Operations, Page 30.

The board of directors is committed to rewarding shareholders directly through cash dividends and through share repurchase authorizations. Through 2011, the company had increased the indicated annual cash dividend rate for 51 consecutive years, a record we believe was matched by only nine other publicly traded companies. Cash dividends declared during the first six months of 2012 increased approximately 1 percent compared with the same period of 2011. Our board regularly evaluates relevant factors in share repurchase- and dividend-related decisions, and the 2011 dividend increase signaled confidence in our strong capital, liquidity and financial flexibility, as well as progress through our initiatives to improve earnings performance.

Read the The complete Report