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Cincinnati Financial posts net loss of $486 million in full-year results

February 7, 2023

Cincinnati Financial Corporation has reported a full-year net loss of $486 million, compared with a net income of $2.946 billion in 2021.

For Q4 alone, the firm posted a net income of $1.013 billion, compared with a net income of $1.470 billion for the same quarter of 2021.

This came after recognising an $806 million Q4 2022 after-tax increase in the fair value of equity securities still held.

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