Claims Ratio % is the percentage of claims costs incurred in relation to the premiums earned.
Cincinnati Financial's Claims Ratio % for the quarter that ended in Mar. 2024 was 63.80%
, which is higher than
56.40% for the pervious quarter ended in Dec. 2023.
Cincinnati Financial's Claims Ratio % for the annual that ended in Dec. 2023 was 64.90%
, which is lower than
68.10% for the pervious year ended in Dec. 2022.
The historical rank and industry rank for Cincinnati Financial's Claims Ratio % or its related term are showing as below:
CINF's Claims Ratio % is not ranked *
in the Insurance industry.
Industry Median: * Ranked among companies with meaningful Claims Ratio % only.
Cincinnati Financial Claims Ratio % Historical Data
The historical data trend for Cincinnati Financial's Claims Ratio % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Cincinnati Financial's Claims Ratio %
For the Insurance - Property & Casualty subindustry, Cincinnati Financial's Claims Ratio %, along with its competitors' market caps and Claims Ratio % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Cincinnati Financial (NAS:CINF) Claims Ratio % Calculation
Claims Ratio % is calculated as
Claims Ratio %
=
Total Claims
/
Total Premiums Earned
*
100%
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Cincinnati Financial (NAS:CINF) Claims Ratio % Explanation
Claims Ratio % the percentage of claims costs incurred in relation to the premiums earned during the period. It is the equivalent of gross profit margin for an insurance company.
It's important to note that insurance is the business of managing risks and, to do that well, the insurer needs a thorough understanding of the incurred claims ratio. If the value is higher than expected or above established norms, then further investigation is required to figure out why that is (eg: fraud). If it is lower than expected, it could indicate irrelevant products or difficulties in claiming, possibly affecting customer satisfaction.
Cincinnati Financial Claims Ratio % Related Terms
Thank you for viewing the detailed overview of Cincinnati Financial's Claims Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Cincinnati Financial (Cincinnati Financial) Business Description
Cincinnati Financial Corp is a property and casualty insurance company that generates income through written premiums. A select group of independent agencies actively markets the company's business, home, and automotive insurance within their communities. These agents offer the company's personal lines as well as its standard market, excess, and surplus commercial line policies in many regions in the United States. Cincinnati Financial also offers leasing and financing services. The company operates in segments: Commercial lines insurance, Personal lines insurance, and Excess and surplus lines insurance, Life insurance, and Investments. The vast majority of the company's revenue is generated through commercial lines, followed by personal lines.
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