Cincinnati Financial Corp. says second-quarter net income more than tripled on a record high for new business and lower catastrophe losses.
The Cincinnati-based insurer of businesses, homes and autos reports second-quarter net income of $110 million, compared to $32 million during the same period a year ago.
“Our earnings rose to the best level for any second quarter and any first half since 2007,” says CEO Steven J. Johnston, in a statement.
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