CinFin swings to $47mn P&C UW Q2 gain off CL $33mn profit, despite $207mn in cats

Cincinnati Financial (CinFin) generated a $47mn P&C underwriting profit in the second quarter, reversing a $52mn loss from last year year, benefitting from a strong improvement in its commercial lines division - which generated a $33mn underwriting gain - and despite a modest increase in catastrophe losses.