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CINF

Cincinnati Financial Corporation

CINF

Cincinnati Financial Corporation • NASDAQ
$167.59 ▼ -0.53% (-0.89)
Market Cap $26.19 B
52w High $169.86
52w Low $123.02
Dividend Yield 3.42%
P/E 12.47
Volume 266.26K
Outstanding Shares 156.25M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $3.726B ▲ $773M ▲ $1.122B ▲ 30.113% ▲ $7.18 ▲ $1.459B ▲
Q2-2025 $3.248B ▲ $733M ▲ $685M ▲ 21.09% ▲ $4.38 ▲ $915M ▲
Q1-2025 $2.566B ▲ $726M ▼ $-90M ▼ -3.507% ▼ $-0.58 ▼ $-68M ▼
Q4-2024 $2.538B ▼ $2.059B ▼ $405M ▼ 15.957% ▼ $2.59 ▼ $507M ▼
Q3-2024 $3.32B $2.28B $820M 24.699% $5.25 $1.092B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $2.461B ▲ $40.567B ▲ $25.161B ▲ $15.406B ▲
Q2-2025 $2.177B ▼ $38.842B ▲ $24.541B ▲ $14.301B ▲
Q1-2025 $2.232B ▼ $37.276B ▲ $23.558B ▲ $13.718B ▼
Q4-2024 $17.463B ▲ $36.501B ▼ $22.566B ▼ $13.935B ▲
Q3-2024 $2.946B $37.009B $23.205B $13.804B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $1.122B ▲ $1.114B ▲ $-403M ▲ $-246M ▼ $465M ▲ $1.121B ▲
Q2-2025 $685M ▲ $741M ▲ $-556M ▼ $-200M ▲ $-15M ▼ $737M ▲
Q1-2025 $-90M ▼ $310M ▼ $-58M ▲ $-225M ▼ $27M ▲ $307M ▼
Q4-2024 $405M ▼ $642M ▼ $-1.207B ▼ $-204M ▼ $-769M ▼ $638M ▼
Q3-2024 $820M $912M $251M $-182M $981M $906M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Commercial Lines Insurance
Commercial Lines Insurance
 $1.16Bn ▲$1.18Bn ▲$1.21Bn ▲$1.23Bn ▲
Excess and Surplus Lines Insurance
Excess and Surplus Lines Insurance
 $170.00M ▲$160.00M ▼$170.00M ▲$170.00M ▲
Life Insurance Product Line
Life Insurance Product Line
 $80.00M ▲$80.00M ▲$90.00M ▲$80.00M ▼
Personal Lines Insurance
Personal Lines Insurance
 $730.00M ▲$700.00M ▼$810.00M ▲$840.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Over the last few years, Cincinnati Financial has grown its top line steadily, with only one noticeable setback in the early 2020s. Profitability dipped sharply in that tough year, but earnings have since recovered and are now back at healthy levels, suggesting the earlier weakness was more cyclical or market-driven than structural. The business appears to convert a solid share of its revenue into operating and net income in normal conditions, which is important for an insurer that must absorb occasional large losses. Overall, the income statement shows a mature, reasonably profitable insurer with some volatility, which is typical for property and casualty businesses exposed to capital markets and catastrophe risk.

Balance Sheet

Balance Sheet The balance sheet looks conservative and steadily stronger over time. Total assets and shareholders’ equity have both climbed, pointing to a larger, better-capitalized company today than a few years ago. Debt levels are modest and have stayed fairly flat, which reduces financial risk and gives the firm flexibility during stress periods. Cash holdings are stable rather than excessive, suggesting the company is comfortable relying on its investment portfolio and insurance float while still keeping a reasonable liquidity cushion.

Cash Flow

Cash Flow Cash generation from the core business has been consistently positive and has trended upward, which is a good sign for the underlying health of the insurance operations. Free cash flow closely tracks operating cash flow, because the business does not need to spend heavily on physical assets to grow. That low capital-spending requirement gives management room to support dividends, buybacks, or reinvestment, depending on priorities and market conditions. Overall, the cash flow profile looks steady, predictable, and typical of a well-managed insurer.

Competitive Edge

Competitive Edge Cincinnati Financial competes as a relationship-driven property and casualty insurer, built around independent agents rather than direct online sales. Its main strength is the deep, long-standing ties with local agents who know their communities well, which can lead to stickier customers and better risk selection. Strong financial ratings and a history of reliability reinforce trust with both agents and policyholders. The company also stands out in certain specialty areas, such as management liability and surety bonds, and it has expanded into global specialty markets through its Lloyd’s platform. Together, these factors form a durable, if not flashy, competitive position that is harder for new entrants to replicate quickly.

Innovation and R&D

Innovation and R&D Innovation at Cincinnati Financial is targeted and practical rather than headline-grabbing. The company is investing in data and digital tools that make its agent network more effective, including work with the University of Cincinnati on analytics and artificial intelligence. Programs like the RideWell telematics app show a willingness to use technology to influence behavior and improve underwriting outcomes. Participation in insurtech ecosystems and the launch of tailored products, such as wildfire deductible protection, indicate a focus on solving specific customer problems rather than chasing broad tech trends. Overall, R&D is being used to modernize the traditional agent model, not to replace it.

Summary

Cincinnati Financial presents as a conservative, steadily growing insurer with one notable earnings stumble followed by a solid recovery. Its balance sheet and cash flows reflect financial discipline and a business that does not require heavy ongoing investment to sustain or expand operations. The company’s main edge lies in its entrenched relationships with independent agents, complemented by specialized products and a growing global specialty presence. Innovation efforts are measured and focused on enhancing this existing model through better data, digital tools, and niche offerings. Future performance will depend on how well it manages insurance cycle swings and catastrophe risks while continuing to modernize without undermining its relationship-based strengths.

NEWS

November 14, 2025 · 1:05 PM UTC

Cincinnati Financial Corporation Declares Regular Quarterly Cash Dividend

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October 27, 2025 · 4:05 PM UTC

Cincinnati Financial Reports Third-Quarter 2025 Results

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October 7, 2025 · 8:45 AM UTC

Cincinnati Financial Schedules Webcast to Discuss Third-Quarter 2025 Results

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