Cincinnati Financial Corporation reported a slight decline in the third quarter profits, bucking the trend of sizable increases stemming from last year's big losses.
The property-casualty carrier reported third quarter net income of $115 million compared to $117 million in the same period last year. Total revenues for the quarter were $967 million compared to $944 million for a 2.4 percent rise.
Company chief executive officer John Schiff said the results “reflected the normal ebb and flow of the insurance business.”
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