Cincinnati falls to Q1 loss on accounting shift
Cincinnati Financial Corporation has reported a net loss of $273 million for the first quarter of 2022, down from a net income of $620 million for the same period last year. The loss was mainly due to the recognition of a $540 million after-tax reduction in the fair value of equity securities still held, due […] The post Cincinnati falls to Q1 loss on accounting shift appeared first on ReinsuranceNe.ws .
Cincinnati falls to Q1 loss on accounting shift
Cincinnati Financial Corporation has reported a net loss of $273 million for the first quarter of 2022, down from a net income of $620 million for the same period last year. The loss was mainly due to the recognition of a $540 million after-tax reduction in the fair value of equity securities still held, due […] The post Cincinnati falls to Q1 loss on accounting shift appeared first on ReinsuranceNe.ws .