Cincinnati Financial (Cincinnati Financial) Net Reserve Development From Prior Years (USD Mil) : 2.00 (As of Dec. 2023)

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What is Cincinnati Financial Net Reserve Development From Prior Years (USD Mil)?

Net Reserve Development From Prior Years (USD Mil) is the difference between the final losses recorded by an insurer and what the insurer originally recorded.

Cincinnati Financial's Net Reserve Development From Prior Years (USD Mil) for the quarter that ended in Dec. 2023 was 2.00 , which lower from pervious quarter (Sep. 2023)'s result by 96.23%.

Cincinnati Financial's Net Reserve Development From Prior Years (USD Mil) for the annual that ended in Dec. 2023 was 215.00 , which higher from pervious year (Dec. 2022)'s result by 35.22%.

The historical rank and industry rank for Cincinnati Financial's Net Reserve Development From Prior Years (USD Mil) or its related term are showing as below:

CINF's Net Reserve Development From Prior Years (USD Mil) is not ranked ^*
in the Insurance industry.
Industry Median:
* Ranked among companies with meaningful Net Reserve Development From Prior Years (USD Mil) only.

Cincinnati Financial Net Reserve Development From Prior Years (USD Mil) Historical Data

The historical data trend for Cincinnati Financial's Net Reserve Development From Prior Years (USD Mil) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Cincinnati Financial Net Reserve Development From Prior Years (USD Mil) Chart

Cincinnati Financial Annual Data

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Net Reserve Development From Prior Years (USD Mil)

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Cincinnati FinancialQuarterly Data

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Net Reserve Development From Prior Years (USD Mil)

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Competitive Comparison of Cincinnati Financial's Net Reserve Development From Prior Years (USD Mil)

For the Insurance - Property & Casualty subindustry, Cincinnati Financial's Net Reserve Development From Prior Years (USD Mil), along with its competitors' market caps and Net Reserve Development From Prior Years (USD Mil) data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Cincinnati Financial (NAS:CINF) Net Reserve Development From Prior Years (USD Mil) Explanation

Net Reserve Development From Prior Years (USD Mil) is the difference between the final losses recorded by an insurer and what the insurer originally recorded. Prior years’ loss reserve development is useful to the company's management team, as it allows them to assess the impact of incurred claims from previous calendar years on current period earnings.

Generally, lower Prior Years’ Reserve Development is better because it means a higher accuracy on predicting the loss on incurred claims.

Cincinnati Financial Net Reserve Development From Prior Years (USD Mil) Related Terms

Thank you for viewing the detailed overview of Cincinnati Financial's Net Reserve Development From Prior Years (USD Mil) provided by GuruFocus.com. Please click on the following links to see related term pages.

Cincinnati Financial (Cincinnati Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Cincinnati Financial Corp (NAS:CINF) » Definitions » Net Reserve Development From Prior Years (USD Mil)

Comparable Companies

Traded in Other Exchanges

CCJ:Germany

Address

6200 S. Gilmore Road, Fairfield, OH, USA, 45014-5141

Website

https://www.cinfin.com

Cincinnati Financial Corp is a property and casualty insurance company that generates income through written premiums. A select group of independent agencies actively markets the company's business, home, and automotive insurance within their communities. These agents offer the company's personal lines as well as its standard market, excess, and surplus commercial line policies in many regions in the United States. Cincinnati Financial also offers leasing and financing services. The company operates in segments: Commercial lines insurance, Personal lines insurance, and Excess and surplus lines insurance, Life insurance, and Investments. The vast majority of the company's revenue is generated through commercial lines, followed by personal lines.

Executives

Dirk J Debbink	director	PO BOX 145496, CINCINNATI OH 45250-5496
Nancy Cunningham Benacci	director	PO BOX 145496, CINCINNATI OH 45250
Steven Anthony Soloria	officer: Senior Vice President- Sub	PO BOX 145496, CINCINNATI OH 45250
Douglas S Skidmore	director	PO BOX 145496, CINCINNATI OH 45250-5496
Thomas J Aaron	director	4000 MERIDIAN BOULEVARD, FRANKLIN TN 37067
David P Osborn	director	P.O. BOX 145496, CINCINNATI OH 45250-5496
Charles Odell Schiff	director	PO BOX 145496, CINCINNATI OH 45250
Marc Jon Schambow	officer: SrVP/Chief Claims Officer	PO BOX 145496, CINCINNATI OH 45250
Teresa C Cracas	officer: Sr VP & Chief Risk Off. - Sub	PO BOX 145496, CINCINNATI OH 45250-5496
Angela Ossello Delaney	officer: Senior Vice President	PO BOX 145496, CINCINNATI OH 45250
Doyle Donald J Jr	officer: Sr Vice President - Subsidiary	CINCINNATI FINANCIAL CORPORATION, P.O. BOX 145496, CINCINNATI OH 45250-5496
Pratt Jill P. Meyer	director	PO BOX 145496, CINCINNATI OH 45250
Theresa A Hoffer	officer: Sr Vice President - Subsidiary	PO BOX 145496, CINCINNATI OH 45250
Sean Michael Givler	officer: Sr Vice President - Subsidiary	PO BOX 145496, CINCINNATI OH 45250
Roger A Brown	officer: Sr. Vice President-Subsidiary	PO BOX 145496, CINCINNATI OH 45250