Cincinnati Financial Corp. (CINF) reported a rise in fourth-quarter 2012 net income to $192 million, or $1.17 per share, from $134 million or $0.83 per share in the fourth quarter of 2011.
Operating income for the quarter rose by 32 percent to $183 million, or $1.11 per share from $139 million or $0.86 per share in the comparable quarter last year.
The company in a statement said that the latest quarter results reflected higher property casualty underwriting profits, which rose by $40 million in the latest quarter after taxes.
Total revenues for the quarter increased to $1.07 billion from $955 million in the prior year quarter.
On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.49 per share on revenues of $1.03 billion for the quarter. Analysts' estimates typically exclude special items.
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