Inflation bites CinFin results amid ballooning in cat losses
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Inflation bites CinFin results amid ballooning in cat losses


A big jump in catastrophe losses and rising inflation created a perfect storm that pressured Cincinnati Financials' P&C results in the second quarter, according to management comments during the carrier’s earnings call.

Speaking with analysts, CinFin CEO Steve Johnston noted that inflation can be seen impacting results across the industry.

“While this wasn't the kind of quarter we want to have, one quarter doesn't sway us from our long-term strategies and objectives,”...

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