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Previous: CINCINNATI FINANCIAL CORP, 10-Q, 2000-08-11 |
Next: CINCINNATI FINANCIAL CORP, 10-Q, EX-27, 2000-08-11 |
<PAGE> 1
EXHIBIT 11
CINCINNATI FINANCIAL CORPORATION
STATEMENT RE COMPUTATION OF PER SHARE EARNINGS
(000's omitted except per share data)
<TABLE>
<CAPTION>
Six Months Ended Three Months Ended
June 30, June 30,
-------------------- --------------------
2000 1999 2000 1999
-------- -------- -------- --------
<S> <C> <C> <C> <C>
Basic earnings per share:
Net income $154,057 $150,731 $ 74,694 $ 86,254
======== ======== ======== ========
Average shares outstanding 161,527 165,507 161,623 163,105
======== ======== ======== ========
Net income per common share $ .95 $ .91 $ .46 $ .53
======== ======== ======== ========
Diluted earnings per share:
Net income $154,057 $150,731 $ 74,694 $ 86,254
Interest on convertible debentures--net of tax 665 858 337 408
-------- -------- -------- --------
Net income for per share calculation (diluted) $154,722 $151,589 $ 75,031 $ 86,662
======== ======== ======== ========
Average shares outstanding 161,527 165,507 161,623 163,105
Effective of dilutive securities:
5.5% convertible senior debentures 2,112 2,895 2,112 2,895
Stock options 1,256 1,626 1,814 1,750
-------- -------- -------- --------
Total dilutive shares 164,895 170,028 165,549 167,750
======== ======== ======== ========
Net income per common share--diluted $ .94 $ .89 $ .45 $ .52
======== ======== ======== ========
</TABLE>
Page 12 of 13
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