Cincinnati Financial — Third Quarter 2026 Earnings Summary

Cincinnati Financial Corporation reported third-quarter 2026 net income of $459 million, or $2.96 per share, a significant decrease from the $1.122 billion reported in the same period of 2025. The decline was primarily driven by a $657 million after-tax reduction in net investment gains, partially offset by a $24 million increase in investment income. Non-GAAP operating income for the quarter stood at $443 million, or $2.86 per share, while the property casualty combined ratio increased to 90.9% due to higher catastrophe losses. Book value per share rose to $105.42 at the end of the quarter, and the company declared a cash dividend of $0.94 per share.