Cincinnati Financial Corp (NASDAQ:CINF) stock fell 5.42% (As on February 10, 11:18:45 AM UTC-4, Source: Google Finance) after the company reported fourth-quarter 2025 adjusted earnings that surpassed analyst expectations. Cincinnati Financial’s fourth-quarter combined ratio was 85.2%, up slightly from 84.7% in the same period last year. The company reported a 10% increase in earned premiums for the quarter, reaching $2.51 billion, while investment income rose 9% to $305 million. The company’s property casualty net written premiums grew 5% in the fourth quarter and 9% for the full year, reflecting price increases and premium growth initiatives. Commercial lines net written premiums increased 4% for the quarter, while personal lines grew 10%. New business written premiums decreased 13% in the fourth quarter to $331 million, with the company citing careful underwriting in a competitive market. Book value per share reached $102.35 at year-end, up 15% from $89.11 a year earlier, bolstered by a 14% increase in net pretax investment income, reaching nearly $1.2 billion for the year. The company’s value creation ratio for 2025 was 18.8%, ahead of its 10% to 13% average annual target. Cincinnati Financial’s life insurance subsidiary contributed $31 million to fourth-quarter net income, an 11% increase from the prior year. Fourth-quarter 2025 net income of $676 million, or $4.29 per share, compared with $405 million, or $2.56 per share, in the fourth quarter of 2024, after recognizing a $145 million fourth-quarter 2025 after-tax increase in the fair value of equity securities still held. Consolidated cash and total investments reached more than $33 billion, an increase of 13% from $29.361 billion at year-end 2024.

Moreover, the company has $400 million unsecured revolving credit agreement established during fourth-quarter 2025, and $12.694 billion equity portfolio was 39.9% of total investments, including $8.539 billion in appreciated value before taxes at December 31, 2025.

CINF in the fourth quarter of FY25 has reported the adjusted earnings per share of $3.37, beating the analysts’ estimates for the adjusted earnings per share of $2.83. The company had reported the adjusted revenue of $2.59 billion in the fourth quarter of FY25, beating the analysts’ estimates for revenue of $2.56 billion. The company delivered $34 million or 7% increase in fourth-quarter 2025 non-GAAP operating income to $531 million, or $3.37 per share, compared with $497 million, or $3.14 per share, in the fourth quarter of last year.