FAIRFIELD, Ohio (AP) _ Cincinnati Financial Corp. (CINF) on Monday reported third-quarter net income of $484 million.
On a per-share basis, the Fairfield, Ohio-based company said it had profit of $2.99. Earnings, adjusted for investment gains, were 39 cents per share.
The insurer posted revenue of $2.23 billion in the period. Its adjusted revenue was $1.69 billion.
Cincinnati Financial shares have declined 27% since the beginning of the year, while the Standard & Poor's 500 index has increased slightly more than 5%. In the final minutes of trading on Monday, shares hit $76.81, a decline of 33% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CINF at https://www.zacks.com/ap/CINF
Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News