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CINCINNATI FINANCIAL CORPCINF

Sector
Financial Services
Industry
Fire, Marine & Casualty Insurance
Exchange
Nasdaq

Stock Price $CINF

Latest filings

You are here#50 of 58 in Financials by market cap

Filing record · 2016–202610-K1110-Q328-K178

CINF filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 178 current reports (8-K) between 2016 and 2026.

  1. FY2016 annual report10-K · Feb ’17Feb ’17
  2. Leadership change8-K · Nov ’19Nov ’19
  3. Material agreement8-K · Nov ’21Nov ’21
  4. Material agreement8-K · Oct ’25Oct ’25

01—Key figures

Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025

Revenue Trend

Year-over-year comparison from 10-K annual reports

  18. $12.63B
YoY changeLargest recent move+52.6%in FY23Latest +11.4%

Latest bar from 10-KFY2025Click a bar to open its SEC filing

View full history →
All CINF Financial Metrics42 metrics

Income Statement9

Balance Sheet15

Cash Flow13

Per Share5

02—Overview

CINCINNATI FINANCIAL CORP Financial Overview 2021–2025

Updated Aug 8, 2026

Cincinnati Financial Corporation declared its 65th consecutive year of dividend increases in FY2025, a striking streak that highlights the durability of its core insurance operations despite massive swings in its investment portfolio. The central thesis for investors is that while equity market volatility dictates the company's bottom line—evidenced by a drop from a $2.95 billion net incomea in FY2021 to a $486 million net loss in FY2022—its disciplined underwriting engine drives reliable long-term asset accumulation.

This operational steadiness is anchored by consistent top-line expansion, driving a long-term arc where the company's Value Creation Ratio remained well above targets, shifting from 25.7% in FY2021 to 18.8% in FY2025. Even when severe weather and inflationary claims battered the personal lines segment to a $111 million underwriting lossb in FY2025, the commercial lines segment easily absorbed the blow. Commercial profit surged 41% to $439 million that year, fueling 12% growth in total investments to $31.8 billion.

By keeping its capital structure highly conservative—maintaining a 5.6% debt-to-total-capital ratio in Q1 2025—the insurer ensures it can weather catastrophic claims without diluting equity. The market priced this balance sheet stability at $163.32c at the close of FY2025, valuing the firm at a 10.8x P/E ratio based on its $15.17 EPS for the year.

Recent Developments (Q1 and Q2 2026)

Cincinnati Financial surged in the first half of 2026, capped by a strong Q2 2026 where net income soared 83% year-over-year to $1.255 billiond. This was driven by a 32% revenue jump to $4.274 billion, fueled primarily by substantial investment gains that offset rising catastrophe claims. Premium growth remained steady, with earned premiums rising 6% to $2.635 billion. Operationally, the company navigated executive transitions, retiring its Chief Information Officer on June 11, 2026, and expanding its board with a new independent director on June 19, 2026.

Bulls point to robust portfolio returns and an 8% quarterly dividend bump to $0.94e per share as proof of formidable capital generation. Conversely, bears highlight deteriorating underwriting margins, as the property casualty combined ratio swelled to 100.8% in Q2 2026 due to severe weather. Trading at 12.1x earnings as of July 27, 2026, the stock appears reasonably valued given its top-line momentum and growing $43.231 billion asset base.

What to watch: catastrophe loss impacts on commercial combined ratios; technology strategies under new IT leadership.

03—Filings

Recent SEC Filings

  1. 8-KCINCINNATI FINANCIAL CORP 8-K Report, Material Agreement (Sep 28, 2026)Cincinnati Financial Corporation (CINF) has filed a Current Report on Form 8-K to disclose an amendment to its existing credit facility. Specifically, on September 25, 2026, the company and its subsidiary CFC Investment Company entered into an Expiration Date Extension (the "2026 Extension") for their Credit Agreement originally dated October 10, 2025, with Fifth Third Bank, N.A. as Administrative Agent and other lenders. The primary impact of this amendment is the extension of the Credit Agreement's Expiration Date from October 10, 2026, to October 10, 2031. This represents a one-year extension of the facility's maturity. All other terms and conditions of the 2025 Credit Facility remain unchanged and in full effect. This action provides CINF with continued access to its revolving credit facility for an extended period, offering financial flexibility and stability.
  2. 8-KCINCINNATI FINANCIAL CORP 8-K Report, Regulation FD Disclosure (Aug 25, 2026)Cincinnati Financial (CINF) furnished August 2026 investor presentation slides (Exhibit 99.1) under Regulation FD and disclosed that its Board, on August 21, 2026, authorized an additional 15 million share repurchase, on top of remaining capacity under the 2018 15 million share program with no fixed expiration. The deck is largely a reiteration of previously disclosed information, with data as of June 30, 2026, and the company states the forward-looking information is effective only as of its July 27, 2026 earnings disclosure. The key operating picture is mixed. Second-quarter 2026 EPS of $8.05 was inflated by a $3.26 per-share gain from equity securities still held, while non-GAAP operating income fell to $224 million from $311 million a year earlier. The combined ratio rose to 100.8%, 5.9 points higher year over year, driven partly by catastrophe losses. Year-to-date P&C net written premiums grew 5%, and annualized value creation ratio was 8.0%, below the 10% to 13% five-year target range. Operating cash flow of $1.356 billion (up 29%) and a 4.6% debt-to-capital ratio underpin financial flexibility. For investors, the buyback expansion signals management confidence in capital strength, with premiums-to-surplus at 1.0 to 1 and a large equity portfolio (39.9% of investments) that adds earnings volatility. The filing itself contains no new financial results, so the core questions are whether underwriting margins return to the 92% to 98% target range and whether the equity portfolio's gains persist.
  3. 8-KCINCINNATI FINANCIAL CORP 8-K Report, Regulation FD Disclosure (Aug 21, 2026)Cincinnati Financial Corporation (Nasdaq: CINF) filed an 8-K on August 21, 2026, to furnish a news release announcing that its board declared a regular quarterly cash dividend of $0.94 per share. The dividend is payable October 15, 2026, to shareholders of record as of September 23, 2026. Annualized, the quarterly rate equals $3.76 per share. The filing is a routine capital-return announcement under Item 7.01 (Regulation FD) and Item 9.01, and it contains no financial results, guidance, or material transactions. The company's CEO, Stephen M. Spray, said the company's financial strength supports its plans for profitable growth in its insurance operations and continued shareholder rewards. He noted that the October payment completes 66 consecutive years of increased annual cash dividends, a record the company says is matched by only seven other publicly traded U.S. companies. The statement reflects management's emphasis on dividend continuity, though the filing itself provides no detail on payout ratio, earnings coverage, or capital position. The furnished release includes a safe harbor statement listing risks such as catastrophe losses, reserve adequacy, investment market volatility, reinsurance availability, and regulatory changes. It also cites the inability of subsidiaries to pay dividends at current levels as a risk to shareholder dividends and share repurchases. Investors seeking financial performance details should consult the company's periodic reports, such as its Form 10-K and 10-Q filings.
  4. 8-KCINCINNATI FINANCIAL CORP 8-K Report, Financial Results (Jul 27, 2026)Cincinnati Financial (CINF) reported second-quarter 2026 GAAP net income of $1.255 billion, or $8.05 per diluted share, versus $685 million ($4.34) a year earlier. The headline gain is driven by an $882 million after-tax increase in the fair value of equity securities still held, so the GAAP figure is not a clean read on the underlying business. Non-GAAP operating income, which excludes investment gains and losses, fell 28% to $224 million ($1.43 per share) from $311 million ($1.97), mainly because after-tax catastrophe losses rose $61 million. For the first half, non-GAAP operating income rose to $554 million from $274 million, helped by investment income and a much better first-half underwriting result. The insurance business was the weak spot in the quarter. The property casualty combined ratio rose to 100.8% from 94.9%, with catastrophe losses adding about 5.9 points, and the quarter produced an underwriting loss of $18 million versus a $128 million profit a year ago. Growth remained steady, with net written premiums up 3% and new business written by agencies down 13%. Commercial lines drove most of the deterioration, with a 104.1% combined ratio, while personal lines was near breakeven at 99.9%. On a six-month basis the combined ratio was a profitable 98.2%, improved from 103.8%, and management says it is working to diversify products and geographies to reduce catastrophe sensitivity. Balance-sheet metrics were strong. Book value per share reached a record $108.64, up 6% year to date, and the six-month value creation ratio was 8.0% versus 4.6% a year earlier. Investment income rose 12% in the quarter to $319 million on higher bond interest, and parent company cash and marketable securities stood at $5.689 billion. Investors should note that equity securities make up about 39.8% of total investments, so book value remains sensitive to stock market moves.
  5. 8-KCINCINNATI FINANCIAL CORP 8-K Report, Executive Changes (Jun 22, 2026)Cincinnati Financial Corporation (Nasdaq: CINF) filed a Form 8-K on June 22, 2026 to disclose that its board of directors expanded from 14 to 15 seats by appointing Lisa M. Franchetti as an independent director, effective immediately, with a seat on the audit committee. The announcement was made in a news release dated June 19, 2026, which is furnished as Exhibit 99.1 under Item 7.01 (Regulation FD) and is not deemed "filed" for Exchange Act Section 18 purposes. The filing is governance-focused and contains no financial results, guidance, capital actions, or changes to operations. Franchetti is a retired U.S. Navy admiral who served as the 33rd Chief of Naval Operations (November 2023 to February 2025), leading a force of more than 600,000 personnel. She was the first woman to hold that role and to serve on the Joint Chiefs of Staff. Her background in strategic planning, operational transformation, and large-scale organizational leadership, along with her current consulting firm, Franchetti Strategic Solutions LLC, may add oversight depth in risk, strategy, and workforce matters. The press release does not disclose her compensation, committee-specific terms, or any related-party arrangements, and the 8-K does not describe them. For investors, this is a low-impact event on near-term fundamentals. Its significance lies in board composition: adding a seat with a high-profile independent director with audit committee service may be viewed favorably by governance-focused shareholders. Investors who want more detail on compensation, independence determination, or any Item 5.02(d) disclosures should review the company's proxy statement or any subsequent filings, as none of those details appear in this 8-K.
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04—See also

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