trending Market Intelligence /marketintelligence/en/news-insights/trending/NTQcj5XxOUDd9AIdajLdCQ2 content esgSubNav
Log in to other products


Looking for more?

Contact Us
In This List

Cincinnati Financial estimates up to $170M in Q2 cat losses


Tracking Credit Risk of a Major U.S. Retailer

Corporate America Not Likely To Unwind COVID-19 Debt Buildup Despite Credit Hits


Q&A: Navigating Climate Risk as a Financial Risk

Infrastructure Issues: Tools to Dig Deep on Potential Risks

Cincinnati Financial estimates up to $170M in Q2 cat losses

The property casualty group of Cincinnati Financial Corp.'s Cincinnati InsuranceCos. expects its second-quarter results to include pretax catastrophe losses ofapproximately $160 million to $170 million.

The estimated losses represent an impact on the second-quartercombined ratio of approximately 14.4 to 15.3 percentage points, based on estimatedproperty casualty earned premiums. The company's 10-year historical average contributionof catastrophe losses to the combined ratio is 13.4 percentage points for the secondquarter.

Cincinnati Financial estimates its second-quarter property casualtycombined ratio will be in the range of 98% to 101%, including the effect of thesignificant storm-related losses.

President and CEO Steven Johnston said in a news release thatroughly one-third of the losses came from hail damage to commercial properties inthe San Antonio area.