Cincinnati Financial Corp.

**Strong Financial Performance**: Cincinnati Financial reported a net income of $820 million for Q3 2024, a decline in non-GAAP operating income to $224 million (down $37 million YOY). The decline was influenced by an increase in after-tax catastrophe losses of $86 million. The property casualty combined ratio was 97.4%, up from 94.4% in Q3 2023, indicating increased catastrophe losses impacting profitability.

**Solid Premium Growth**: The company experienced a strong premium growth of 17% in property casualty net written premiums for the quarter, bolstered by a 16% rise in agency renewal premiums and a 30% increase in new business premiums. This reflects their effective pricing precision, risk segmentation, and ongoing agency expansions.

**Investment Income Growth**: Investment income grew by 15% YOY, mainly due to strong cash flow from operating activities reaching $2 billion, a 36% increase, despite reduced dividend income by 1% due to significant net sales of equity securities. This demonstrates ongoing resilience in their investment portfolio.