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Cincinnati Financial reported a significant increase in net income, up 52% YoY to $311 million, driven by higher equity security fair values and improved underwriting performance. The company's property casualty combined ratio improved by 3.6 percentage points to 94.9%, with commercial lines net written premiums up 9% and a 92.9% combined ratio. Cincinnati Financial's investment income rose 18%, and its book value per share reached a record $91.46 per share.

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