Cincinnati Financial Corp (NASDAQ:CINF) stock rose 0.47% (As on April 28, 11:22:04 AM UTC-4, Source: Google Finance) after the company posted mixed result for the first quarter of FY 26. First-quarter 2026 net income of $274 million, or $1.75 per share, compared with a net loss of $90 million, or $0.57 per share, in the first quarter of 2025, after recognizing an $82 million first-quarter 2026 after-tax decrease in the fair value of equity securities still held. First-quarter 2026 non-GAAP operating income of $330 million, compared with an operating loss of $37 million, in the first quarter of last year. The increase of $367 million included a favorable effect of $233 million from a decrease in after-tax catastrophe losses. There has been $364 million increase in first-quarter 2026 net income, compared with first-quarter 2025, primarily due to after-tax net increases of $326 million from property casualty underwriting profit and $31 million from investment income. $101.60 book value per share at March 31, 2026, down $0.75 since year-end.

Moreover, the company posted 95.6% first-quarter 2026 property casualty combined ratio, improved from 113.3% for the first quarter of 2025. There has been 7% growth in first-quarter net written premiums, including price increases, premium growth initiatives, a higher level of insured exposures and with 2% of the growth due to first-quarter 2025 net reinstatement premiums. The company posted $339 million first-quarter 2026 property casualty new business written premiums, down 11%. Agencies appointed since the beginning of 2025 contributed $23 million or 7% of total new business written premiums. $26 million first-quarter 2026 life insurance subsidiary net income, up $5 million compared with the first quarter of 2025, and 7% growth in first-quarter 2026 term life insurance earned premiums. There has been 14% or $38 million increase in first-quarter 2026 pretax investment income, including a 12% increase in bond interest income and a 13% increase in stock portfolio dividends. Three-month increase of 1% in fair value of total investments at March 31, 2026, including a 2% increase for the bond portfolio and a 1% decrease for the stock portfolio. $5.550 billion parent company cash and marketable securities at March 31, 2026, down less than 1% from year-end 2025.

CINF in the first quarter of FY 26 has reported the adjusted earnings per share of $2.10, beating the analysts’ estimates for the adjusted earnings per share of $1.95. The company had reported the adjusted revenue growth of 11.4 percent to $2.93 billion in the first quarter of FY 26, missing the analysts’ estimates for revenue of $2.95 billion.