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.