Property-casualty insurer Cincinnati Financial Corporation reported third-quarter net income of $115 million compared with $117 million in the same period last year.
Total revenues for the quarter were $967 million compared with $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.”
Personal lines new business rose 14.4 percent, with commercial lines three-month growth up 6.5 percent. Overall, net written premiums rose 2.4 percent in the quarter compared to last year.
The company reported an over 96.1 combined ratio with catastrophe losses contributing 3.5 points compared with the 8.6 points they contributed in the third quarter of last year.
The company reported some sizable catastrophes in the third quarter as severe weather struck the Midwest.
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