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    Dean Cristello

    Managing Director and Senior Research Analyst at KBW

    Dean Cristello is a Managing Director and Senior Research Analyst at KBW, specializing in financial services equity research with a particular emphasis on banks and specialty finance companies. Throughout his tenure, he has provided research coverage for leading institutions such as JPMorgan Chase, Citigroup, Wells Fargo, and Bank of America, earning a reputation for precise recommendations and consistently strong performance metrics, including a notable track record of outperforming sector benchmarks and positive ratings on analytic platforms. Cristello began his financial analyst career in the early 2000s, holding positions at several investment banks before joining KBW, where his depth of industry knowledge and strategic insight have contributed to his team's recognition in industry rankings. He holds several FINRA securities licenses and is widely respected for his analytical rigor and professionalism in the financial sector.

    Dean Cristello's questions to CINCINNATI FINANCIAL (CINF) leadership

    Dean Cristello's questions to CINCINNATI FINANCIAL (CINF) leadership • Q4 2024

    Question

    Dean Cristello from KBW asked for more detail on reserve strengthening in the commercial auto and excess and surplus lines, including the specific accident years. He also inquired about the abnormally low ex-catastrophe loss ratio in commercial property for the quarter.

    Answer

    EVP and CFO Mike Sewell explained that personal auto strengthening was for the 2022 and 2023 accident years, while E&S strengthening was due to higher-than-expected case incurreds, leading to prudent reserving. President and CEO Steve Spray attributed the strong commercial property results to a drop in large losses but cautioned about quarterly volatility, crediting the underwriting teams for improving the book's risk profile.

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