Cincinnati Financial (CINF) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter declined compared with both the immediately preceding quarter and the same quarter one year earlier. The top line decreased from the prior quarter and also fell from the year-ago period.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the quarter declined compared with both the immediately preceding quarter and the same quarter one year earlier. The top line decreased from the prior quarter and also fell from the year-ago period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.5B
Revenue reported for this quarter.
Quarter-over-quarter
-13.3%
Change from the immediately preceding quarter.
Year-over-year
-2.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$10.6B
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 |
|---|---|---|
| Sep 30, 2023 | $1.8B | +28.4% |
| Dec 31, 2023 | $3.4B | +7.7% |
| Mar 31, 2024 | $2.9B | +31.0% |
| Jun 30, 2024 | $2.5B | -2.3% |
Revenue performance
The reported revenue moved downward, reflecting a decrease from the prior quarter and a decline from the same quarter of the previous year.
Quarterly comparison
Compared with the immediately preceding quarter, revenue was lower. Relative to the same quarter one year earlier, revenue also contracted.
What to watch
The revenue decline followed three consecutive quarters of growth, marking a reversal in the recent trend.