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CINCINNATI - Cincinnati Financial Corporation (NASDAQ:CINF) has appointed Edward S. Wilkins, a retired Deloitte & Touche LLP audit partner, to its board of directors, expanding the board to 14 members, the company announced Friday.
Wilkins, who spent over 35 years at Deloitte, will also serve on the company’s audit committee. During his career, he led audit engagements for major financial services clients and headed Deloitte’s audit analytics practice, where he integrated data analytics into audit methodologies.
His industry experience includes participation on several professional committees, including the Public Company Accounting Oversight Board’s Data and Technology Task Force and committees with the Center of Audit Quality and American Institute of Certified Public Accountants.
Currently, Wilkins serves as an adjunct professor at Vanderbilt University’s Owen Graduate School of Management and advises Rutgers’ Continuous Auditing and Reporting Lab.
"Ed’s background of serving as lead audit partner for many of the largest insurance companies in the country makes him an ideal candidate for our board," said Stephen M. Spray, Cincinnati Financial’s president and chief executive officer, in a press release statement.
Cincinnati Financial Corporation primarily offers business, home and auto insurance through The Cincinnati Insurance Company and its standard market property casualty companies. The company’s products are marketed through local independent insurance agencies.
The appointment is effective immediately.
In other recent news, Cincinnati Financial Corporation reported its first-quarter 2025 earnings, surpassing expectations with an earnings per share (EPS) of -$0.24, compared to the anticipated -$0.52. The company also achieved revenue of $2.57 billion, exceeding the forecasted $2.4 billion. Despite reporting a net loss of $90 million for the quarter, Cincinnati Financial saw an 11% growth in consolidated property casualty net written premiums and a 14% increase in investment income from the previous year. The company maintains its commitment to shareholders by declaring an 87 cents-per-share regular quarterly cash dividend, continuing its 65-year streak of annual cash dividend increases. Additionally, Cincinnati Financial remains focused on long-term growth strategies, with future EPS forecasts ranging from $1.41 to $2.71 for upcoming quarters, according to analyst projections. The company is also monitoring potential impacts from tariffs and inflation, as noted by CEO Steve Sprague. These recent developments highlight Cincinnati Financial’s resilience and strategic focus in a challenging market environment.
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