CINCINNATI FINANCIAL CORP CINF

Financials SIC 6331 - Fire, Marine & Casualty Insurance NAICS Finance and Insurance › Insurance Carriers and Related Activities › Insurance Carriers › Direct Insurance (except Life, Health, and Medical) Carriers › Direct Property and Casualty Insurance Carriers derived Nasdaq

We are an Ohio corporation formed in 1968. Our lead subsidiary, The Cincinnati Insurance Company, was founded in 1950. Our main business is property casualty insurance marketed through independent insurance agencies in 46 states. Our headquarters is in Fairfield, Ohio.

Cincinnati Financial Corporation owns 100% of four subsidiaries: The Cincinnati Insurance Company (Cincinnati Insurance), Cincinnati Global Underwriting Ltd.SM (Cincinnati Global), CSU Producer Resources Inc. and CFC Investment Company. In addition, the parent company has an investment portfolio, owns the headquarters property and is responsible for corporate borrowings and shareholder dividends.

The Cincinnati Insurance Company owns 100% of four additional insurance subsidiaries. Our standard market property casualty insurance group includes two of those subsidiaries – The Cincinnati Casualty Company and The Cincinnati Indemnity Company. This group writes a broad range of business, homeowner and auto policies. The Cincinnati Insurance Company also conducts the business of our reinsurance assumed operations, known as Cincinnati Re®. Other subsidiaries of The Cincinnati Insurance Company include: The Cincinnati Life Insurance Company (Cincinnati Life), which provides life insurance policies and fixed annuities; and The Cincinnati Specialty Underwriters Insurance Company (Cincinnati Specialty Underwriters), which offers excess and surplus lines insurance products. In this report and elsewhere we often refer to any or all of these five companies as The Cincinnati Insurance Companies.

Last close 176.30 2026-10-23
Market cap $27.06B 2026-06-30 share count
52-week range 150.00 - 194.81

Valuation FY2025 figures against the last close

P/S2.1x
P/E11.6x
P/FCF8.8x
EV/EBITDA—
Dividend yield1.9%
Diluted EPS15.17

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $12.63B$11.34B$10.01B$6.56B$9.63B$7.54B$7.92B$5.41B$5.73B$5.45B
Interest expense $53.0M$53.0M$54.0M$53.0M$53.0M$54.0M$53.0M$53.0M$53.0M$53.0M
Pre-tax income $2.98B$2.86B$2.28B-$694.0M$3.70B$1.50B$2.47B$251.0M$730.0M$812.0M
Income tax $587.0M$566.0M$433.0M$207.0M$730.0M$283.0M$475.0M$36.0M$315.0M$221.0M
Net income $2.39B$2.29B$1.84B-$487.0M$2.97B$1.22B$2.00B$287.0M$1.04B$591.0M
EPS, basic 15.3214.6511.74-3.0618.437.5512.241.766.363.59
EPS, diluted 15.1714.5311.66-3.0618.247.4912.101.756.293.55
Shares, diluted (wtd. avg.) 157.7M157.8M158.1M158.8M162.7M162.4M165.1M164.5M166.0M166.5M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $1.43B$983.0M$907.0M$1.26B$1.14B$900.0M$767.0M$784.0M$657.0M$777.0M
Short-term investments $148.0M$298.0M$0———————
Property, plant and equipment $219.0M$214.0M$208.0M$202.0M$205.0M$213.0M$207.0M$195.0M$185.0M$183.0M
Total assets $41.00B$36.50B$32.77B$29.73B$31.39B$27.54B$25.41B$21.93B$21.84B$20.39B
Long-term debt $790.0M$790.0M$790.0M$789.0M$789.0M$788.0M$788.0M$788.0M$787.0M$787.0M
Total liabilities $25.09B$22.57B$20.67B$19.17B$18.28B$16.75B$15.54B$14.10B$13.60B$13.33B
Retained earnings $16.72B$14.87B$13.08B$11.71B$12.62B$10.09B$9.26B$7.62B$5.18B$5.04B
Total equity $15.91B$13.94B$12.10B$10.56B$12.76B$10.79B$9.86B$7.83B$8.24B$7.06B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $3.11B$2.65B$2.05B$2.05B$1.98B$1.49B$1.21B$1.18B$1.05B$1.11B
Depreciation and amortisation $36.0M$34.0M$30.0M$33.0M$33.0M$33.0M$72.0M$63.0M$55.0M$48.0M
Stock-based compensation ————$33.0M$31.0M$30.0M$28.0M$26.0M$23.0M
Capital expenditure $20.0M$22.0M$18.0M$15.0M$15.0M$20.0M$24.0M$20.0M$16.0M$13.0M
Investing cash flow -$1.69B-$1.70B-$1.61B-$933.0M-$1.06B-$560.0M-$679.0M-$451.0M-$558.0M-$456.0M
Financing cash flow -$973.0M-$877.0M-$801.0M-$994.0M-$685.0M-$798.0M-$546.0M-$603.0M-$614.0M-$426.0M
Dividends paid $525.0M$490.0M$454.0M$423.0M$395.0M$375.0M$355.0M$336.0M$400.0M$306.0M
Buybacks $205.0M$126.0M$67.0M$410.0M$144.0M$261.0M$67.0M$125.0M$92.0M$39.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000020286-26-000008.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -5B 0 5B 10B 15B Revenue, FY2016: 5.4B Net income, FY2016: 591M Revenue, FY2017: 5.7B Net income, FY2017: 1B Revenue, FY2018: 5.4B Net income, FY2018: 287M Revenue, FY2019: 7.9B Net income, FY2019: 2B Revenue, FY2020: 7.5B Net income, FY2020: 1.2B Revenue, FY2021: 9.6B Net income, FY2021: 3B Revenue, FY2022: 6.6B Net income, FY2022: -487M Revenue, FY2023: 10B Net income, FY2023: 1.8B Revenue, FY2024: 11.3B Net income, FY2024: 2.3B Revenue, FY2025: 12.6B Net income, FY2025: 2.4B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $5.45B $5.73B $5.41B $7.92B $7.54B $9.63B $6.56B $10.01B $11.34B $12.63B
Gross profit — — — — — — — — — —
Net income $591.0M $1.04B $287.0M $2.00B $1.22B $2.97B -$487.0M $1.84B $2.29B $2.39B

Recent filings and events

  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Regulation FD disclosure Item 7.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Item 7.01
  • Officer or director change Item 5.02
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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