Cincinnati Financial Corp (NASDAQ:CINF) stock fell 0.78% (As on October 28, 11:20:15 AM UTC-4, Source: Google Finance) after the company reported better than expected results for the third quarter of FY25. Underwriting profits before taxes rose to $293 million in the third quarter, turning the nine-month results to a positive $123 million. The company posted 88.2% third-quarter 2025 property casualty combined ratio, improved from 97.4% for the third quarter of 2024. There was 9% growth in third-quarter net written premiums, including price increases, premium growth initiatives and a higher level of insured exposures. $356 million third-quarter 2025 property casualty new business written premiums, down 12%. Agencies appointed since the beginning of 2024 contributed $32 million or 9% of total new business written premiums. During the third quarter, there was 14% or $37 million increase in third-quarter 2025 pretax investment income, including a 21% increase in bond interest income and a 1% increase in stock portfolio dividends. Three-month increase of 5% in fair value of total investments at September 30, 2025, including a 3% increase for the bond portfolio and an 8% increase for the stock portfolio. $5.545 billion parent company cash and marketable securities at September 30, 2025, was up 7% from year-end 2024. The company delivered $28 million third-quarter 2025 life insurance subsidiary net income, up $8 million compared with the third quarter of 2024, and 5% growth in third-quarter 2025 term life insurance earned premiums. Net written premiums for the first nine months of 2025 grew 10% compared with the first nine months of 2024, including overall pricing increases in the mid-single-digit range for the standard commercial lines business and the high-single-digit range for the excess and surplus lines and personal lines business. At September 30, the book value again reached a record high, increasing 11% since December 31, 2024, to $98.76. Consolidated cash and total investments climbed to nearly $33 billion.

CINF in the third quarter of FY25 has reported the adjusted earnings per share of $2.85, beating the analysts’ estimates for the adjusted earnings per share of $2.01, according to Zacks Investment Research. The company had reported the adjusted revenue of $2.87 billion in the third quarter of FY25, beating the analysts’ estimates for revenue of $2.85 billion. Non-GAAP operating income more than doubled last year’s third quarter to $449 million, bolstered by underwriting profits as well as pretax investment income that increased 14% over last year’s third quarter.