Tuesday, October 16th, 2001 — Cincinnati Financial Corporation, which offers property and casualty insurance through The Cincinnati Insurance Company, The Cincinnati Indemnity Company and The Cincinnati Casualty Company, reported that Sept. 11 pre-tax catastrophe losses, including assumed reinsurance, are now estimated at $8.7 million.
The company said the combined ratio for its property casualty insurance affiliates for the third quarter ending Sept. 30 will be approximately 109 percent, reflecting a pure loss ratio of 72.7 percent. This estimate includes total catastrophe losses, net of reinsurance and before taxes, of $13.4 million, accounting for 2.6 points of the combined ratio, with an estimated after-tax earnings impact of 5 cents per share.