Attached files
| file | filename |
|---|---|
| 10-Q - CINCINNATI FINANCIAL CORP | v182149_10-q.htm |
| EX-32 - CINCINNATI FINANCIAL CORP | v182149_ex32.htm |
| EX-31.B - CINCINNATI FINANCIAL CORP | v182149_ex31b.htm |
| EX-31.A - CINCINNATI FINANCIAL CORP | v182149_ex31a.htm |
Statements
Re: Computation of Per Share Earnings
|
(Dollars
in millions except share data)
|
Three
months ended March 31,
|
|||||||
|
2010
|
2009
|
|||||||
|
Numerator:
|
||||||||
|
Net
income—basic and diluted
|
$ | 68 | $ | 35 | ||||
|
Denominator:
|
||||||||
|
Weighted-average
common shares outstanding
|
162,875,008 | 162,485,373 | ||||||
|
Effect
of stock based awards
|
435,443 | 178,252 | ||||||
|
Adjusted
weighted-average shares
|
163,310,451 | 162,663,625 | ||||||
|
Earnings
per share:
|
||||||||
|
Basic
|
$ | 0.42 | $ | 0.22 | ||||
|
Diluted
|
0.42 | 0.22 | ||||||
|
Number
of anti-dilutive stock based awards
|
9,788,923 | 10,146,303 | ||||||
|
Exercise
price of anti-dilutive stock based awards
|
$ | 26.58-45.26 | $ | 25.08-45.26 | ||||
Certain
stock-based compensation awards were not included in the computation of diluted
earnings per share for the three-month periods ended March 31, 2010 and 2009,
since inclusion of these awards would have anti-dilutive effects.
51