Earnings summaries and quarterly performance for CINCINNATI FINANCIAL.
Executive leadership at CINCINNATI FINANCIAL.
Stephen Spray
Detailed
President and Chief Executive Officer
CEO
John Kellington
Detailed
Chief Information Officer
Michael Sewell
Detailed
Chief Financial Officer
Steven Johnston
Detailed
Executive Chairman of the Board
Steven Soloria
Detailed
Chief Investment Officer
Teresa Cracas
Detailed
Chief Risk Officer
Thomas Hogan
Detailed
Chief Legal Officer and Corporate Secretary
Board of directors at CINCINNATI FINANCIAL.
Charles Schiff
Detailed
Director
David Osborn
Detailed
Director
Dirk Debbink
Detailed
Lead Independent Director
Douglas Skidmore
Detailed
Director
Edward Wilkins
Detailed
Director
Gretchen Schar
Detailed
Director
Jill Meyer
Detailed
Director
John Steele Jr.
Detailed
Director
Larry Webb
Detailed
Director
Linda Clement-Holmes
Detailed
Director
Nancy Benacci
Detailed
Director
Peter Wu
Detailed
Director
Research analysts who have asked questions during CINCINNATI FINANCIAL earnings calls.
Michael Phillips
Oppenheimer & Co. Inc.
6 questions for CINF
Also covers: AII, HCI, IGIC +8 more
Michael Zaremski
BMO Capital Markets
6 questions for CINF
Also covers: ACGL, AFG, AIG +25 more
C. Gregory Peters
Raymond James
5 questions for CINF
Also covers: ACIC, AFG, AJG +19 more
Josh Shanker
Bank of America
2 questions for CINF
Also covers: ACGL, ALL, AXS +11 more
Mei Yao
KBW
2 questions for CINF
Meyer Shields
Keefe, Bruyette & Woods
2 questions for CINF
Also covers: ACGL, AFG, AIG +24 more
Dean Cristello
KBW
1 question for CINF
Grace Carter
BofA Securities
1 question for CINF
Also covers: AJG, AON, BRO +3 more
Jing Li
Keefe, Bruyette & Woods (KBW)
1 question for CINF
Also covers: AJG, ALL, MAX +1 more
Jon Paul Newsome
Piper Sandler & Co.
1 question for CINF
Also covers: AFG, AIG, AON +15 more
Josh Schenker
Bank of America
1 question for CINF
Also covers: BRO
Joshua Shanker
Bank of America Merrill Lynch
1 question for CINF
Also covers: ACGL, AFL, ALL +13 more
Paul Newsome
Piper Sandler Companies
1 question for CINF
Also covers: AHL, AII, ARX +15 more
Recent press releases and 8-K filings for CINF.
Cincinnati Financial declares quarterly cash dividend
CINF
Dividends
- The board declared an $0.87 per share regular quarterly cash dividend, payable January 15, 2026, to shareholders of record as of December 22, 2025.
- CEO Stephen M. Spray noted the dividend reflects the board’s confidence in the company’s capital position and operational performance.
Nov 14, 2025, 6:07 PM
Cincinnati Financial declares $0.87 quarterly dividend
CINF
Dividends
- The board of directors declared an $0.87 per share regular quarterly cash dividend, payable January 15, 2026, to shareholders of record on December 22, 2025.
- President and CEO Stephen M. Spray noted the dividend reflects the board’s confidence in the company’s capital position and operational performance.
- Cincinnati Financial distributes business, home, and auto insurance through local independent agencies and offers complementary products such as life insurance, fixed annuities, and surplus lines coverage.
Nov 14, 2025, 6:05 PM
Cincinnati Financial reports strong Q3 2025 results and strategic update
CINF
Earnings
- 13.8% Value Creation Ratio on an annualized basis for YTD 9-30-25, surpassing the 10%–13% target, driven by 5.2% net income and 8.6% non-operating contributions
- Q3 ’25 EPS of $7.11 vs $5.20 in Q3 ’24; Non-GAAP operating income of $449 million, up from $224 million, and a combined ratio of 88.2%
- YTD 9-30-25 P&C net written premiums up 10% (Commercial +7%, Personal +16%, E&S +13%, Cincinnati Re +1%, Global +13%), with higher average renewal pricing across lines
- 40.3% of the investment portfolio in common stocks and $30.3 billion fair value total investments; pretax bond yield of 4.67% in 2024 and 5.6-year duration for the $17.63 billion bond portfolio
- Strong capital and risk management: 5.0% debt-to-total-capital, 1-to-1 premiums-to-surplus, and reinsurance retention of first $200 million on catastrophe losses
Nov 7, 2025, 1:31 PM
Cincinnati Financial reports Q3 2025 results
CINF
Earnings
Dividends
Share Buyback
- Net income of $1.1 billion for Q3 2025, including $675 million after-tax equity fair-value gains; non-GAAP operating income of $449 million, more than double prior-year quarter.
- 9% growth in consolidated P&C net written premiums; combined ratio improved to 88.2% (84.7% on an accident-year basis, ex-catastrophes).
- Investment income up 14%, bond yield averaging 5.10%, with $846 million equity and $242 million bond valuation gains; portfolio net appreciation of $8.2 billion.
- Capital actions: $134 million in dividends, repurchase of 404,000 shares at $149.75 avg, record book value per share $98.76; insurer ratings upgraded to AA- by Fitch.
Oct 28, 2025, 3:00 PM
Cincinnati Financial reports strong Q3 2025 results
CINF
Earnings
Dividends
Share Buyback
- Net income of $1.1 billion and non-GAAP operating income of $449 million in Q3, with a combined ratio of 88.2%, a 9.2 pp improvement driven by lower catastrophe losses.
- Property casualty net written premiums grew 9%, including 5% in commercial, 14% in personal, and 11% in excess & surplus lines, all with improved underwriting profitability.
- Investment income rose 14% in Q3, supported by a 5.10% pre-tax average bond yield and net gains of $846 million (equity) and $242 million (bonds), with total portfolio appreciation of $8.2 billion at quarter end.
- Returned capital via $134 million in dividends and repurchase of 404,000 shares at $149.75 each; book value reached $98.76 per share, debt/capital under 10%, and Fitch upgraded insurer ratings to AA- (stable).
Oct 28, 2025, 3:00 PM
Cincinnati Financial reports Q3 2025 results
CINF
Earnings
- Net income of $1.1 billion in Q3 2025, including $675 million after-tax equity valuation gains, and non-GAAP operating income of $449 million, more than double year-ago levels; third-quarter property casualty combined ratio improved to 88.2% (+9.2 pts) with net written premium growth of 9%.
- Strong underwriting across segments: commercial lines net written premiums up 5% with a 91.1% combined ratio, personal lines up 14% at 88.2%, and excess & surplus lines up 11% at 89.8%.
- Investment income grew 14%, led by a 21% increase in bond interest income; equity portfolio gains of $846 million and a fixed-maturity pre-tax yield of 5.10% lifted total portfolio net appreciation to $8.2 billion.
- Capital management delivered $134 million in dividends, repurchase of 404,000 shares at $149.75 average, and a record book value of $98.76 per share; Fitch upgraded insurer financial strength ratings to AA- (stable) in September.
Oct 28, 2025, 3:00 PM
Cincinnati Financial reports Q3 2025 results
CINF
Earnings
- Net income of $1.122 billion, or $7.11 per share, a 37% increase year-over-year; non-GAAP operating income of $449 million, or $2.85 per share, up 100%.
- Property casualty combined ratio improved to 88.2%, producing an underwriting profit of $293 million versus $62 million in Q3 2024, on 12% growth in earned premiums.
- Investment income net of expenses rose 14% to $295 million, while investment gains and losses after-tax amounted to $853 million.
- Book value per share climbed to $98.76, up $9.65 since year-end, underpinning a 13.8% value creation ratio for the first nine months of 2025.
Oct 27, 2025, 8:07 PM
Cincinnati Financial reports Q3 2025 results
CINF
Earnings
- Cincinnati Financial posted Q3 2025 net income of $1.122 billion ($7.11 EPS), up from $820 million ($5.20 EPS) in Q3 2024.
- Q3 non-GAAP operating income more than doubled to $449 million ($2.85/share), aided by a $152 million decline in after-tax catastrophe losses.
- Property casualty combined ratio improved to 88.2%, with underwriting profit rising to $293 million from $62 million a year earlier.
- Third-quarter net written premiums grew 9%, driven by rate increases and higher insured exposures.
- Book value per share reached $98.76 at September 30, up $9.65 since December 31, 2024.
Oct 27, 2025, 8:05 PM
Cincinnati Financial enters new $400 million revolving credit facility
CINF
Debt Issuance
- On October 10, 2025, Cincinnati Financial Corporation and its subsidiary CFC Investment Company entered into a $400 million unsecured revolving credit facility led by Fifth Third Bank, replacing the prior $300 million facility terminated effective that date.
- The facility provides for revolving loans and letters of credit up to $400 million, includes a $75 million swing line sublimit and a $400 million accordion feature, and matures on October 10, 2030 with two one-year extension options.
- It contains financial covenants limiting the Borrowers to a maximum debt-to-capital ratio of 35%, and borrowing costs are based on Cincinnati Financial’s non-credit-enhanced, senior unsecured long-term debt ratings.
- Commitments are fully subscribed among four lenders, with the largest commitment of $125 million; commitments are several and no lender is responsible for another’s failure to fund.
Oct 10, 2025, 8:41 PM
Cincinnati Financial reports Q2 2025 earnings and strategy update
CINF
Earnings
Dividends
- Q2 2025 EPS of $4.34, up from $1.98 in Q2 2024, driven by a $1.70 per share fair-value gain on equity securities; non-GAAP operating income rose 52% to $311 million.
- YTD 6-30-25 annualized Value Creation Ratio was 4.6%, with 11% P&C net written premium growth and a 103.8% combined ratio, versus long-term targets of 10–13% VCR and 92–98% combined ratio.
- Investment income increased 18% in Q2 (interest +24%, dividends +1%); as of June 30, 2025, the portfolio included 39.2% common stocks and a laddered fixed-maturity portfolio with 5.3-year duration.
- Strong capital and dividend profile: 5.4% debt-to-total capital, 64 consecutive years of dividend increases with a 7% increase in Q2 2025 dividends (yield 2.3%).
Aug 11, 2025, 12:00 AM
Quarterly earnings call transcripts for CINCINNATI FINANCIAL.
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