Cincinnati Financial (CINF) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter declined from the immediately preceding quarter but rose compared with the same quarter one year earlier. The sequential decrease followed a period of substantial growth in the prior quarters.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter declined from the immediately preceding quarter but rose compared with the same quarter one year earlier. The sequential decrease followed a period of substantial growth in the prior quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.8B
Revenue reported for this quarter.
Quarter-over-quarter
-30.5%
Change from the immediately preceding quarter.
Year-over-year
+28.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$9.8B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $3.1B | -6.1% |
| Mar 31, 2023 | $2.2B | +84.0% |
| Jun 30, 2023 | $2.6B | +217.7% |
| Sep 30, 2023 | $1.8B | +28.4% |
Revenue performance
Revenue contracted from the prior quarter, reflecting a reversal of the strong gains seen in the two preceding quarters. On a year-over-year basis, revenue remained higher.
Quarterly comparison
Compared with the immediately preceding quarter, revenue decreased sharply. However, relative to the same quarter one year earlier, revenue increased, continuing the positive annual trend.
What to watch
The sharp sequential decline in revenue warrants attention given the prior quarters' strong upward trajectory.