Earnings summaries and quarterly performance for CINCINNATI FINANCIAL.
Executive leadership at CINCINNATI FINANCIAL.
Stephen Spray
Detailed
President and Chief Executive Officer
CEO
JK
John Kellington
Detailed
Chief Information Officer
MS
Michael Sewell
Detailed
Chief Financial Officer
SJ
Steven Johnston
Detailed
Executive Chairman of the Board
SS
Steven Soloria
Detailed
Chief Investment Officer
TC
Teresa Cracas
Detailed
Chief Risk Officer
TH
Thomas Hogan
Detailed
Chief Legal Officer and Corporate Secretary
Board of directors at CINCINNATI FINANCIAL.
CS
Charles Schiff
Detailed
Director
DO
David Osborn
Detailed
Director
DD
Dirk Debbink
Detailed
Lead Independent Director
DS
Douglas Skidmore
Detailed
Director
EW
Edward Wilkins
Detailed
Director
GS
Gretchen Schar
Detailed
Director
JM
Jill Meyer
Detailed
Director
JS
John Steele Jr.
Detailed
Director
LW
Larry Webb
Detailed
Director
LC
Linda Clement-Holmes
Detailed
Director
NB
Nancy Benacci
Detailed
Director
PW
Peter Wu
Detailed
Director
Research analysts who have asked questions during CINCINNATI FINANCIAL earnings calls.
Michael Phillips
Oppenheimer & Co. Inc.
8 questions for CINF
Also covers: ACIC, AII, HCI +10 more
CG
C. Gregory Peters
Raymond James
6 questions for CINF
Also covers: ACIC, AFG, AII +20 more
Michael Zaremski
BMO Capital Markets
6 questions for CINF
Also covers: ACGL, AFG, AIG +25 more
PN
Paul Newsome
Piper Sandler Companies
3 questions for CINF
Also covers: AFG, AHL, AIG +17 more
Josh Shanker
Bank of America
2 questions for CINF
Also covers: ACGL, ALL, AXS +12 more
MY
Mei Yao
KBW
2 questions for CINF
Meyer Shields
Keefe, Bruyette & Woods
2 questions for CINF
Also covers: ACGL, AFG, AIG +24 more
Mike Zaremski
BMO Capital Markets
2 questions for CINF
Also covers: ACGL, AJG, ALL +9 more
DC
Dean Cristello
KBW
1 question for CINF
Grace Carter
BofA Securities
1 question for CINF
Also covers: AJG, AON, BRO +3 more
JL
Jing Li
Keefe, Bruyette & Woods (KBW)
1 question for CINF
Also covers: AFG, AJG, ALL +2 more
JP
Jon Paul Newsome
Piper Sandler & Co.
1 question for CINF
Also covers: AFG, AIG, AON +15 more
JS
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
M(
Mitch (on behalf of Greg Peters)
Raymond James
1 question for CINF
Also covers: BRO
Recent press releases and 8-K filings for CINF.
Cincinnati Financial reports Q4 and full year 2025 results
CINF
Earnings
Dividends
Share Buyback
- Full year net income of $2.4 billion, up 4% year-over-year; Q4 net income of $676 million, a 67% increase that included $145 million after-tax fair value gains on equities.
- Strong underwriting with a fourth-quarter combined ratio of 85.2% and full-year combined ratio of 94.9%, despite a 1.6-point rise in catastrophe losses.
- Net written premium growth across segments: commercial lines +7%, personal lines +14%, excess & surplus +11% for full year 2025; consolidated property casualty premiums rose 5% in Q4.
- Investment income up 9% in Q4 and 14% for full year 2025; portfolio net appreciation of ~$8.4 billion; returned $730 million to shareholders via $525 million dividends and $205 million share repurchases.
Feb 10, 2026, 4:00 PM
Cincinnati Financial reports Q4 and full year 2025 results
CINF
Earnings
Dividends
Share Buyback
- Cincinnati Financial delivered Q4 net income of $676 million (+67%) and full-year net income of $2.4 billion (+4%); Q4 non-GAAP operating income rose 7% to $531 million, and the combined ratio was 85.2% in Q4 and 94.9% for FY 2025, with net written premiums up 5% in the quarter.
- Full-year segment results: commercial lines combined ratio 91.1% (NWP +7%), personal lines 103.6% (NWP +14%), and excess & surplus 88.4% (NWP +11%); Cincinnati Re and Global also posted strong underwriting performance.
- Investment income grew 9% in Q4 and 14% year-over-year, with bond interest up 10%, a Q4 pretax average fixed-income yield of 4.92%, and Q4 pretax net gains of $181 million in equities and $24 million in bonds; total portfolio net appreciation was $8.4 billion at quarter end.
- Returned $730 million to shareholders in FY 2025—$525 million in dividends and $205 million in share repurchases (1.4 million shares at an average $151); Q4 parent cash and marketable securities were $5.6 billion, debt-to-capital under 10%, and book value reached $102.35 per share.
- The 2026 reinsurance program was renewed with similar terms; the property catastrophe treaty limit increased to $2 billion (retention $523 million vs $803 million), and ceded premiums are expected at $204 million vs $192 million in 2025.
Feb 10, 2026, 4:00 PM
Cincinnati Financial announces Q4 2025 results
CINF
Earnings
Dividends
Share Buyback
- Q4 net income was $676 million (up 67%), and FY 2025 net income was $2.4 billion (4% increase); Q4 non-GAAP operating income reached $531 million (7% growth).
- Combined ratio of 85.2% in Q4 lowered the full-year ratio to 94.9%, with catastrophe losses up 1.6 points.
- Net written premiums grew 5% in Q4; FY 2025 segment growth: commercial lines +7%, personal lines +14%, excess & surplus +11%.
- Investment income rose 9% in Q4 and 14% for the full year; returned $730 million to shareholders via $525 million of dividends and $205 million of share repurchases.
Feb 10, 2026, 4:00 PM
Cincinnati Financial announces Q4 and full-year 2025 results
CINF
Earnings
- Cincinnati Financial reported Q4 2025 net income of $676 million ($4.29 per share), up from $405 million ($2.56) in Q4 2024, including a $145 million after-tax increase in equity securities fair value.
- Full-year 2025 net income rose to $2.393 billion ($15.17 per share) from $2.292 billion ($14.53), while non-GAAP operating income increased 5% to $1.254 billion ($7.95 per share).
- Fourth-quarter property casualty combined ratio was 85.2%, up 0.5 points year-over-year, with net written premiums growing 5% in Q4 and 9% for the full year.
- Book value per share reached $102.35 at December 31, 2025 (up 15%), delivering a value creation ratio of 18.8% for the year.
Feb 9, 2026, 9:10 PM
Cincinnati Financial reports Q4 and full-year 2025 results
CINF
Earnings
- Q4 net income of $676 million (EPS $4.29), vs. $405 million ($2.56), reflecting a $145 million after-tax equity securities fair-value gain.
- Full-year net income of $2.393 billion (EPS $15.17), up from $2.292 billion ($14.53) in 2024.
- Non-GAAP operating income of $531 million (EPS $3.37) in Q4, +7%, and $1.254 billion (EPS $7.95) for FY, +5%.
- Property casualty combined ratio of 85.2% in Q4 (vs. 84.7%) and 94.9% for FY, with net written premiums +9%.
- Book value per share of $102.35 at year-end (+15% YoY) and value creation ratio of 18.8%.
Feb 9, 2026, 9:05 PM
Cincinnati Financial increases quarterly dividend and appoints executives
CINF
Dividends
Management Change
- Quarterly dividend raised 8% to $0.94 per share, payable April 15, 2026, to shareholders of record March 24, 2026.
- Incumbent directors re-elected at subsidiary shareholders’ and directors’ meetings.
- Luyang Fu named Senior Vice President & Chief Actuary; R. Phillip Sandercox appointed Senior Vice President overseeing Cincinnati Re; Andrew M. Schnell named Senior Vice President & Treasurer.
Jan 30, 2026, 8:13 PM
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
Quarterly earnings call transcripts for CINCINNATI FINANCIAL.
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