Cincinnati Financial Q1 Profit Rises - Quick Facts

(RTTNews) - Cincinnati Financial Corporation (CINF) reported first-quarter net income of $128 million, or $0.77 per share, compared with $91 million, or $0.55 per share, in the first quarter of 2014. Operating income per share was $0.59, for the quarter.

The company said the $37 million increase in first-quarter 2015 net income reflected the after-tax net effect of two primary items: $18 million improvement in the contribution from property casualty underwriting, including a favorable effect of $29 million from lower natural catastrophe losses; and a $17 million increase from net realized investment gains.

On average, four analysts polled by Thomson Reuters expected the company to report profit per share of $0.71 for the quarter. Analysts' estimates typically exclude special items.

Total revenues were $1.29 billion, compared to $1.19 billion, a year ago. Analysts expected revenue of $1.25 billion for the quarter.