Cincinnati Financial beats with $97mn profit

Cincinnati Financial surpassed the expectations of analysts to
deliver a $97mn third quarter operating profit despite forecasting
up to $114mn in cat losses.
The $0.58 per share result was higher than the $0.52 per share
consensus estimate of seven Wall Street analysts surveyed by
MarketWatch.
However, profit fell $46mn from the same period of last year
after a heavy Q3 cat season. The Cincinnati, Ohio-based carrier had
previously announced that cat losses could total up to $114mn.
"As previousl