CinFin’s UW income drops 64% to $93mn in Q4 after cat losses spike to $134mn

Catastrophe losses at Cincinnati Financial more than doubled to $134mn in Q4 and its core loss ratio climbed 3.1 points to 58 percent as the insurer released results that had been trailed in a preannouncement last week that met with a positive reaction from investors who had been expecting a worse quarterly print.