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Cincinnati Financial Sees Lower Catastrophe Impact in Q2

Property and casualty insurer Cincinnati Financial Corp estimated a significantly lower impact due to catastrophe losses during the second quarter and said it expects to continue to benefit from favorable pricing trends.

By Reuters | Updated on July 16, 2012

(Reuters) – Property and casualty insurer Cincinnati Financial Corp estimated a significantly lower impact due to catastrophe losses during the second quarter and said it expects to continue to benefit from favorable pricing trends.

The company estimated pretax catastrophe losses of about $140 million to $160 million during the quarter, of which its commercial lines insurance segment accounted for almost two-thirds, it said in a statement.

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