BRIEF-Cincinnati Financial Q3 Results Expected To Include Pretax Catastrophe Losses Of $252 Mln
Oct 20 (Reuters) - Cincinnati Financial Corp (CINF):
* ORATION ANNOUNCES PRELIMINARY ESTIMATE FOR THIRD-QUARTER
STORM
LOSSES
* THIRD-QUARTER RESULTS ARE EXPECTED TO INCLUDE PRETAX
CATASTROPHE
LOSSES OF APPROXIMATELY $252 MILLION
* CINCINNATI FINANCIAL (CINF)- CATASTROPHE LOSS ESTIMATE INCLUDES
$220
MILLION FROM HURRICANE IAN, EXCLUDING ANY EFFECTS OF
REINSTATEMENT PREMIUMS ASSUMED OR CEDED, IN ADDITION TO LESS
SEVERE STORMS
* DECLINING STOCK MARKETS DROVE THIRD-QUARTER 2022 EARNINGS
TO A
NET LOSS ESTIMATED TO BE BETWEEN $2.61 AND $2.67 PER SHARE
* THIRD-QUARTER 2022 NON-GAAP OPERATING INCOME ESTIMATED TO
RANGING FROM $0.70 TO $0.76 ON A PER SHARE BASIS
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