The headline numbers for Cincinnati Financial (CINF) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. These forward-looking statements are estimates based on information currently available to the Company, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are subject to the cautionary statements set forth on.
With DHFL resolution process entering the final stage, Piramal Enterprises on Saturday claimed that its bid provides better offer to over 55,000 retail fixed deposit holders of the debt-ridden mortgage lender than the one made by other suitor US-based Oaktree Capital. In the last round of bidding, Oaktree has made a similar offer as well, and has claimed that they will give Rs 300 crore extra to FD holders, compared to the Rs 150 crore promised by Piramal so far. However, the payment structure offered by Oaktree is complex. The bidder has promised to pay this amount out of any proceeds they get from selling DHFL s insurance subsidiary that is clubbed in the sale. Since Oaktree is a foreign institution, they face severe legal challenges in owning and selling the insurance business which is already at the maximum permissible foreign ownership limit of 49 per cent, Piramal said in a statement.