Annual Income Statements for Cincinnati Financial
This table shows Cincinnati Financial's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for Cincinnati Financial
This table shows Cincinnati Financial's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
| Metric |
|
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
| Net Income / (Loss) Attributable to Common Shareholders |
|
1,013 |
225 |
534 |
-99 |
1,183 |
755 |
312 |
820 |
405 |
-90 |
685 |
| Consolidated Net Income / (Loss) |
|
1,013 |
225 |
534 |
-99 |
1,183 |
755 |
312 |
820 |
405 |
-90 |
685 |
| Net Income / (Loss) Continuing Operations |
|
1,013 |
225 |
534 |
-99 |
1,183 |
755 |
312 |
820 |
405 |
-90 |
685 |
| Total Pre-Tax Income |
|
1,287 |
268 |
666 |
-148 |
1,490 |
953 |
386 |
1,040 |
479 |
-128 |
855 |
| Total Revenue |
|
3,089 |
2,227 |
2,592 |
1,798 |
3,342 |
2,922 |
2,530 |
3,307 |
2,525 |
2,553 |
3,234 |
| Net Interest Income / (Expense) |
|
-13 |
-14 |
-13 |
-13 |
-14 |
-13 |
-14 |
-13 |
-13 |
-13 |
-14 |
| Total Interest Income |
|
- |
0.00 |
0.00 |
0.00 |
- |
0.00 |
0.00 |
0.00 |
- |
0.00 |
0.00 |
| Total Interest Expense |
|
13 |
14 |
13 |
13 |
14 |
13 |
14 |
13 |
13 |
13 |
14 |
| Long-Term Debt Interest Expense |
|
13 |
14 |
13 |
13 |
14 |
13 |
14 |
13 |
13 |
13 |
14 |
| Total Non-Interest Income |
|
3,115 |
2,241 |
2,605 |
1,811 |
3,356 |
2,935 |
2,544 |
3,320 |
2,538 |
2,566 |
3,248 |
| Other Service Charges |
|
5.00 |
7.00 |
8.00 |
9.00 |
10 |
7.00 |
9.00 |
7.00 |
9.00 |
9.00 |
10 |
| Net Realized & Unrealized Capital Gains on Investments |
|
1,235 |
316 |
654 |
-231 |
1,282 |
857 |
379 |
1,016 |
164 |
213 |
758 |
| Premiums Earned |
|
1,875 |
1,918 |
1,943 |
2,033 |
2,064 |
2,071 |
2,156 |
2,297 |
2,365 |
2,344 |
2,480 |
| Total Non-Interest Expense |
|
1,815 |
1,959 |
1,926 |
1,946 |
1,852 |
1,969 |
2,144 |
2,267 |
2,046 |
2,681 |
2,379 |
| Property & Liability Insurance Claims |
|
1,247 |
1,398 |
1,340 |
1,332 |
1,204 |
1,349 |
1,480 |
1,578 |
1,330 |
1,968 |
1,660 |
| Other Operating Expenses |
|
10 |
5.00 |
7.00 |
5.00 |
8.00 |
4.00 |
9.00 |
6.00 |
13 |
11 |
10 |
| Restructuring Charge |
|
558 |
556 |
579 |
609 |
640 |
616 |
655 |
683 |
703 |
702 |
709 |
| Income Tax Expense |
|
274 |
43 |
132 |
-49 |
307 |
198 |
74 |
220 |
74 |
-38 |
170 |
| Basic Earnings per Share |
|
$6.35 |
$1.43 |
$3.40 |
($0.63) |
$7.54 |
$4.82 |
$1.99 |
$5.25 |
$2.59 |
($0.57) |
$4.38 |
| Weighted Average Basic Shares Outstanding |
|
157.24M |
157.21M |
156.86M |
156.91M |
156.67M |
156.56M |
156.24M |
156.32M |
156.52M |
156.30M |
156.38M |
| Diluted Earnings per Share |
|
$6.35 |
$1.42 |
$3.38 |
($0.63) |
$7.49 |
$4.78 |
$1.98 |
$5.20 |
$2.57 |
($0.57) |
$4.34 |
| Weighted Average Diluted Shares Outstanding |
|
157.24M |
157.21M |
156.86M |
156.91M |
156.67M |
156.56M |
156.24M |
156.32M |
156.52M |
156.30M |
156.38M |
| Weighted Average Basic & Diluted Shares Outstanding |
|
157.24M |
157.21M |
156.86M |
156.91M |
156.67M |
156.56M |
156.24M |
156.32M |
156.52M |
156.30M |
156.38M |
| Cash Dividends to Common per Share |
|
- |
- |
- |
$0.75 |
- |
$0.81 |
$0.81 |
$0.81 |
- |
$0.87 |
$0.87 |
Annual Cash Flow Statements for Cincinnati Financial
This table details how cash moves in and out of Cincinnati Financial's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
| Metric |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
| Net Change in Cash & Equivalents |
|
158 |
-47 |
233 |
-120 |
127 |
-17 |
133 |
239 |
125 |
-357 |
76 |
| Net Cash From Operating Activities |
|
873 |
1,075 |
1,115 |
1,052 |
1,181 |
1,208 |
1,491 |
1,981 |
2,052 |
2,052 |
2,649 |
| Net Cash From Continuing Operating Activities |
|
873 |
1,075 |
1,115 |
1,052 |
1,181 |
1,208 |
1,491 |
1,981 |
2,052 |
2,052 |
2,649 |
| Net Income / (Loss) Continuing Operations |
|
525 |
634 |
591 |
1,045 |
287 |
1,997 |
1,216 |
2,968 |
-487 |
1,843 |
2,292 |
| Consolidated Net Income / (Loss) |
|
525 |
634 |
591 |
1,045 |
287 |
1,997 |
1,216 |
2,968 |
-487 |
1,843 |
2,292 |
| Depreciation Expense |
|
51 |
52 |
48 |
55 |
63 |
72 |
109 |
118 |
127 |
112 |
130 |
| Non-Cash Adjustments to Reconcile Net Income |
|
-30 |
10 |
-15 |
-518 |
597 |
-1,223 |
-672 |
-1,825 |
1,181 |
-840 |
-1,206 |
| Changes in Operating Assets and Liabilities, net |
|
327 |
379 |
491 |
470 |
234 |
362 |
838 |
720 |
1,231 |
937 |
1,433 |
| Net Cash From Investing Activities |
|
-311 |
-624 |
-456 |
-558 |
-451 |
-679 |
-560 |
-1,057 |
-933 |
-1,608 |
-1,696 |
| Net Cash From Continuing Investing Activities |
|
-311 |
-624 |
-456 |
-558 |
-451 |
-679 |
-560 |
-1,057 |
-933 |
-1,608 |
-1,696 |
| Purchase of Property, Leasehold Improvements and Equipment |
|
- |
-10 |
-13 |
-16 |
-20 |
-24 |
-20 |
-15 |
-15 |
-18 |
-22 |
| Purchase of Investment Securities |
|
-1,713 |
-2,228 |
-2,464 |
-2,283 |
-2,022 |
-2,230 |
-2,131 |
-2,637 |
-2,468 |
-2,917 |
-6,460 |
| Sale and/or Maturity of Investments |
|
1,411 |
1,614 |
2,021 |
1,741 |
1,591 |
1,575 |
1,591 |
1,597 |
1,543 |
1,342 |
4,801 |
| Other Investing Activities, net |
|
-9.00 |
- |
- |
- |
- |
- |
- |
-2.00 |
7.00 |
-15 |
-15 |
| Net Cash From Financing Activities |
|
-404 |
-498 |
-426 |
-614 |
-603 |
-546 |
-798 |
-685 |
-994 |
-801 |
-877 |
| Net Cash From Continuing Financing Activities |
|
-404 |
-498 |
-426 |
-614 |
-603 |
-546 |
-798 |
-685 |
-994 |
-801 |
-877 |
| Issuance of Debt |
|
- |
-14 |
- |
4.00 |
8.00 |
7.00 |
15 |
0.00 |
-4.00 |
-25 |
0.00 |
| Repurchase of Common Equity |
|
-21 |
-53 |
-39 |
-92 |
-125 |
-67 |
-261 |
-144 |
-410 |
-67 |
-126 |
| Payment of Dividends |
|
-278 |
-366 |
-306 |
-400 |
-336 |
-355 |
-375 |
-395 |
-423 |
-454 |
-490 |
| Other Financing Activities, Net |
|
-50 |
-65 |
-66 |
-126 |
-90 |
-131 |
-177 |
-146 |
-157 |
-255 |
-261 |
| Cash Interest Paid |
|
53 |
52 |
52 |
52 |
53 |
53 |
53 |
52 |
53 |
54 |
53 |
| Cash Income Taxes Paid |
|
154 |
245 |
213 |
60 |
98 |
34 |
84 |
257 |
165 |
136 |
395 |
Quarterly Cash Flow Statements for Cincinnati Financial
This table details how cash moves in and out of Cincinnati Financial's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
| Metric |
|
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
| Net Change in Cash & Equivalents |
|
181 |
-309 |
-207 |
151 |
8.00 |
-288 |
152 |
981 |
-769 |
27 |
-15 |
| Net Cash From Operating Activities |
|
631 |
250 |
575 |
650 |
577 |
353 |
742 |
912 |
642 |
310 |
741 |
| Net Cash From Continuing Operating Activities |
|
631 |
250 |
575 |
650 |
577 |
353 |
742 |
912 |
642 |
310 |
741 |
| Net Income / (Loss) Continuing Operations |
|
1,013 |
225 |
534 |
-99 |
1,183 |
755 |
312 |
820 |
405 |
-90 |
685 |
| Consolidated Net Income / (Loss) |
|
1,013 |
225 |
534 |
-99 |
1,183 |
755 |
312 |
820 |
405 |
-90 |
685 |
| Depreciation Expense |
|
25 |
40 |
34 |
14 |
24 |
34 |
42 |
39 |
15 |
47 |
46 |
| Non-Cash Adjustments to Reconcile Net Income |
|
-795 |
-56 |
-341 |
363 |
-806 |
-460 |
-112 |
-694 |
60 |
89 |
-366 |
| Changes in Operating Assets and Liabilities, net |
|
388 |
41 |
348 |
372 |
176 |
24 |
500 |
747 |
162 |
264 |
376 |
| Net Cash From Investing Activities |
|
-287 |
-362 |
-558 |
-318 |
-370 |
-355 |
-385 |
251 |
-1,207 |
-58 |
-556 |
| Net Cash From Continuing Investing Activities |
|
-287 |
-362 |
-558 |
-318 |
-370 |
-355 |
-385 |
251 |
-1,207 |
-58 |
-556 |
| Purchase of Property, Leasehold Improvements and Equipment |
|
-3.00 |
-4.00 |
-4.00 |
-2.00 |
-8.00 |
-7.00 |
-5.00 |
-6.00 |
-4.00 |
-3.00 |
-4.00 |
| Purchase of Investment Securities |
|
-578 |
-628 |
-863 |
-621 |
-805 |
-1,080 |
-799 |
-2,268 |
-2,313 |
-739 |
-1,247 |
| Sale and/or Maturity of Investments |
|
299 |
273 |
312 |
309 |
448 |
730 |
425 |
2,531 |
1,115 |
687 |
695 |
| Net Cash From Financing Activities |
|
-163 |
-197 |
-224 |
-181 |
-199 |
-286 |
-205 |
-182 |
-204 |
-225 |
-200 |
| Net Cash From Continuing Financing Activities |
|
-163 |
-197 |
-224 |
-181 |
-199 |
-286 |
-205 |
-182 |
-204 |
-225 |
-200 |
| Payment of Dividends |
|
-107 |
-106 |
-117 |
-115 |
-116 |
-116 |
-125 |
-124 |
-125 |
-125 |
-133 |
| Other Financing Activities, Net |
|
-51 |
-66 |
-41 |
-65 |
-83 |
-95 |
-34 |
-58 |
-74 |
-58 |
-67 |
| Cash Income Taxes Paid |
|
21 |
76 |
3.00 |
15 |
42 |
106 |
68 |
47 |
174 |
2.00 |
95 |
Annual Balance Sheets for Cincinnati Financial
This table presents Cincinnati Financial's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
| Metric |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
| Total Assets |
|
18,748 |
18,888 |
20,386 |
21,843 |
21,935 |
25,408 |
27,542 |
31,387 |
29,732 |
32,769 |
36,501 |
| Cash and Due from Banks |
|
591 |
544 |
777 |
657 |
784 |
767 |
900 |
1,139 |
1,264 |
907 |
983 |
| Trading Account Securities |
|
14,318 |
14,356 |
15,419 |
16,948 |
5,920 |
19,450 |
21,194 |
24,337 |
21,973 |
24,780 |
16,182 |
| Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Accrued Investment Income |
|
123 |
129 |
134 |
134 |
132 |
133 |
136 |
144 |
160 |
192 |
222 |
| Premises and Equipment, Net |
|
194 |
185 |
183 |
185 |
195 |
207 |
213 |
205 |
202 |
208 |
214 |
| Unearned Premiums Asset |
|
1,434 |
1,485 |
1,595 |
1,631 |
1,688 |
1,831 |
1,944 |
2,131 |
2,373 |
2,647 |
3,039 |
| Deferred Acquisition Cost |
|
578 |
616 |
637 |
670 |
738 |
774 |
805 |
905 |
1,013 |
1,093 |
1,242 |
| Separate Account Business Assets |
|
752 |
748 |
766 |
806 |
803 |
882 |
952 |
959 |
892 |
925 |
952 |
| Other Assets |
|
683 |
763 |
824 |
751 |
11,604 |
1,287 |
1,303 |
1,469 |
1,763 |
2,017 |
13,667 |
| Total Liabilities & Shareholders' Equity |
|
18,748 |
18,888 |
20,386 |
21,843 |
21,935 |
25,408 |
27,542 |
31,387 |
29,732 |
32,769 |
36,501 |
| Total Liabilities |
|
12,175 |
12,461 |
13,326 |
13,600 |
14,102 |
15,544 |
16,753 |
18,282 |
19,170 |
20,671 |
22,566 |
| Long-Term Debt |
|
871 |
856 |
846 |
851 |
866 |
885 |
899 |
897 |
891 |
874 |
875 |
| Claims and Claim Expense |
|
4,485 |
4,718 |
5,085 |
5,273 |
5,707 |
6,147 |
6,746 |
7,305 |
8,400 |
9,050 |
10,003 |
| Future Policy Benefits |
|
2,497 |
2,583 |
2,671 |
2,729 |
2,779 |
2,835 |
2,915 |
3,014 |
3,015 |
3,068 |
2,960 |
| Unearned Premiums Liability |
|
2,082 |
2,201 |
2,307 |
2,404 |
2,516 |
2,788 |
2,960 |
3,271 |
3,689 |
4,119 |
4,813 |
| Separate Account Business Liabilities |
|
752 |
748 |
766 |
806 |
803 |
882 |
952 |
959 |
892 |
925 |
952 |
| Other Long-Term Liabilities |
|
1,488 |
1,355 |
1,651 |
1,537 |
1,431 |
2,007 |
2,281 |
2,836 |
2,283 |
2,635 |
2,963 |
| Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Total Equity & Noncontrolling Interests |
|
6,573 |
6,427 |
7,060 |
8,243 |
7,833 |
9,864 |
10,789 |
13,105 |
10,562 |
12,098 |
13,935 |
| Total Preferred & Common Equity |
|
6,573 |
6,427 |
7,060 |
8,243 |
7,833 |
9,864 |
10,789 |
13,105 |
10,562 |
12,098 |
13,935 |
| Total Common Equity |
|
6,573 |
6,427 |
7,060 |
8,243 |
7,833 |
9,864 |
10,789 |
13,105 |
10,562 |
12,098 |
13,935 |
| Common Stock |
|
1,611 |
1,629 |
1,649 |
1,662 |
1,678 |
1,703 |
1,725 |
1,753 |
1,789 |
1,834 |
1,899 |
| Retained Earnings |
|
4,505 |
4,762 |
5,037 |
5,180 |
7,625 |
9,257 |
10,085 |
12,625 |
11,711 |
13,084 |
14,869 |
| Treasury Stock |
|
-1,287 |
-1,308 |
-1,319 |
-1,387 |
-1,492 |
-1,544 |
-1,790 |
-1,921 |
-2,324 |
-2,385 |
-2,524 |
| Accumulated Other Comprehensive Income / (Loss) |
|
1,744 |
1,344 |
1,693 |
2,788 |
22 |
448 |
769 |
648 |
-614 |
-435 |
-309 |
Quarterly Balance Sheets for Cincinnati Financial
This table presents Cincinnati Financial's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
| Metric |
|
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
| Total Assets |
|
29,732 |
30,474 |
31,352 |
30,915 |
32,769 |
33,727 |
34,802 |
37,009 |
36,501 |
37,276 |
38,842 |
| Cash and Due from Banks |
|
1,264 |
955 |
748 |
899 |
907 |
619 |
771 |
1,752 |
983 |
1,010 |
995 |
| Trading Account Securities |
|
21,973 |
22,645 |
23,372 |
22,874 |
24,780 |
25,641 |
26,043 |
27,441 |
27,367 |
27,641 |
28,726 |
| Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Accrued Investment Income |
|
160 |
160 |
163 |
182 |
192 |
202 |
201 |
199 |
222 |
224 |
223 |
| Premises and Equipment, Net |
|
202 |
199 |
198 |
199 |
208 |
211 |
213 |
215 |
214 |
216 |
214 |
| Unearned Premiums Asset |
|
2,373 |
2,566 |
2,844 |
2,723 |
2,647 |
2,882 |
3,212 |
3,106 |
3,039 |
3,256 |
3,550 |
| Deferred Acquisition Cost |
|
1,013 |
1,048 |
1,109 |
1,101 |
1,093 |
1,143 |
1,229 |
1,241 |
1,242 |
1,297 |
1,367 |
| Separate Account Business Assets |
|
892 |
899 |
911 |
918 |
925 |
927 |
948 |
943 |
952 |
959 |
991 |
| Other Assets |
|
1,763 |
1,908 |
1,909 |
1,916 |
2,017 |
1,996 |
2,074 |
1,996 |
2,482 |
2,673 |
2,776 |
| Total Liabilities & Shareholders' Equity |
|
29,732 |
30,474 |
31,352 |
30,915 |
32,769 |
33,727 |
34,802 |
37,009 |
36,501 |
37,276 |
38,842 |
| Total Liabilities |
|
19,170 |
19,733 |
20,322 |
20,291 |
20,671 |
21,073 |
22,025 |
23,205 |
22,566 |
23,558 |
24,541 |
| Long-Term Debt |
|
891 |
895 |
867 |
869 |
874 |
873 |
874 |
874 |
875 |
878 |
884 |
| Claims and Claim Expense |
|
8,400 |
8,693 |
8,873 |
9,077 |
9,050 |
9,246 |
9,555 |
9,928 |
10,003 |
10,780 |
11,072 |
| Future Policy Benefits |
|
3,015 |
3,059 |
3,038 |
2,920 |
3,068 |
3,013 |
2,966 |
3,069 |
2,960 |
2,968 |
2,959 |
| Unearned Premiums Liability |
|
3,689 |
3,890 |
4,222 |
4,195 |
4,119 |
4,398 |
4,826 |
4,874 |
4,813 |
5,068 |
5,444 |
| Separate Account Business Liabilities |
|
892 |
899 |
911 |
918 |
925 |
927 |
948 |
943 |
952 |
959 |
991 |
| Other Long-Term Liabilities |
|
2,283 |
2,297 |
2,411 |
2,312 |
2,635 |
2,616 |
2,856 |
3,517 |
2,963 |
2,905 |
3,191 |
| Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Total Equity & Noncontrolling Interests |
|
10,562 |
10,741 |
11,030 |
10,624 |
12,098 |
12,654 |
12,777 |
13,804 |
13,935 |
13,718 |
14,301 |
| Total Preferred & Common Equity |
|
10,562 |
10,741 |
11,030 |
10,624 |
12,098 |
12,654 |
12,777 |
13,804 |
13,935 |
13,718 |
14,301 |
| Total Common Equity |
|
10,562 |
10,741 |
11,030 |
10,624 |
12,098 |
12,654 |
12,777 |
13,804 |
13,935 |
13,718 |
14,301 |
| Common Stock |
|
1,789 |
1,795 |
1,807 |
1,819 |
1,834 |
1,843 |
1,863 |
1,879 |
1,899 |
1,908 |
1,925 |
| Retained Earnings |
|
11,711 |
11,818 |
12,235 |
12,018 |
13,084 |
13,712 |
13,897 |
14,591 |
14,869 |
14,644 |
15,193 |
| Treasury Stock |
|
-2,324 |
-2,345 |
-2,386 |
-2,386 |
-2,385 |
-2,459 |
-2,513 |
-2,516 |
-2,524 |
-2,563 |
-2,568 |
| Accumulated Other Comprehensive Income / (Loss) |
|
-614 |
-527 |
-626 |
-827 |
-435 |
-442 |
-470 |
-150 |
-309 |
-271 |
-249 |
Annual Metrics And Ratios for Cincinnati Financial
This table displays calculated financial ratios and metrics derived from Cincinnati Financial's official financial filings.
| Metric |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
| Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Revenue Growth |
|
9.27% |
4.03% |
6.03% |
5.24% |
-5.72% |
47.01% |
-4.94% |
27.95% |
-32.00% |
52.98% |
13.30% |
| EBITDA Growth |
|
1.05% |
20.85% |
-7.82% |
-8.72% |
-60.00% |
710.19% |
-36.79% |
137.31% |
-114.86% |
521.16% |
25.13% |
| EBIT Growth |
|
0.98% |
22.19% |
-7.83% |
-10.10% |
-65.62% |
884.86% |
-39.36% |
146.70% |
-118.77% |
427.95% |
25.57% |
| NOPAT Growth |
|
1.55% |
20.76% |
-6.78% |
76.82% |
-72.54% |
595.82% |
-39.11% |
144.08% |
-116.37% |
479.37% |
24.36% |
| Net Income Growth |
|
1.55% |
20.76% |
-6.78% |
76.82% |
-72.54% |
595.82% |
-39.11% |
144.08% |
-116.41% |
478.44% |
24.36% |
| EPS Growth |
|
1.92% |
20.44% |
-7.31% |
77.18% |
-72.18% |
591.43% |
-38.10% |
143.52% |
-116.78% |
481.05% |
24.61% |
| Operating Cash Flow Growth |
|
9.67% |
23.14% |
3.72% |
-5.65% |
12.26% |
2.29% |
23.43% |
32.86% |
3.58% |
0.00% |
29.09% |
| Free Cash Flow Firm Growth |
|
183.33% |
783.33% |
-104.03% |
-346.88% |
576.92% |
-107.77% |
622.64% |
136.10% |
215.47% |
-84.30% |
40.12% |
| Invested Capital Growth |
|
6.21% |
-2.16% |
8.55% |
15.03% |
-4.34% |
23.57% |
8.74% |
19.80% |
-18.20% |
13.26% |
14.17% |
| Revenue Q/Q Growth |
|
1.90% |
0.02% |
0.90% |
1.77% |
-11.56% |
22.43% |
7.79% |
6.98% |
-3.27% |
2.61% |
-6.75% |
| EBITDA Q/Q Growth |
|
8.73% |
-2.10% |
-9.19% |
9.79% |
-71.25% |
115.78% |
54.02% |
17.20% |
-2,055.17% |
9.89% |
-25.45% |
| EBIT Q/Q Growth |
|
10.58% |
-2.22% |
-9.78% |
10.44% |
-75.61% |
122.70% |
55.50% |
17.77% |
-468.85% |
10.49% |
-26.13% |
| NOPAT Q/Q Growth |
|
9.38% |
-1.71% |
-8.66% |
107.75% |
-79.22% |
117.30% |
53.34% |
17.54% |
-414.07% |
10.16% |
-25.34% |
| Net Income Q/Q Growth |
|
9.38% |
-1.71% |
-8.66% |
107.75% |
-79.22% |
117.30% |
53.34% |
17.54% |
-1,523.33% |
10.16% |
-25.34% |
| EPS Q/Q Growth |
|
9.66% |
-1.54% |
-8.97% |
108.28% |
-79.12% |
118.41% |
54.12% |
17.68% |
-705.26% |
10.84% |
-25.30% |
| Operating Cash Flow Q/Q Growth |
|
-2.02% |
8.04% |
-3.46% |
2.53% |
4.33% |
-2.19% |
3.04% |
4.81% |
8.92% |
-2.56% |
2.52% |
| Free Cash Flow Firm Q/Q Growth |
|
509.09% |
15.55% |
70.91% |
-236.19% |
23.33% |
62.94% |
-17.80% |
32.93% |
-11.55% |
-34.94% |
494.78% |
| Invested Capital Q/Q Growth |
|
2.62% |
1.00% |
-0.78% |
8.70% |
-5.38% |
4.81% |
9.11% |
9.86% |
11.00% |
12.87% |
0.90% |
| Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| EBITDA Margin |
|
15.78% |
18.33% |
15.94% |
13.82% |
5.86% |
32.32% |
21.49% |
39.86% |
-8.71% |
23.98% |
26.48% |
| EBIT Margin |
|
14.74% |
17.31% |
15.05% |
12.85% |
4.69% |
31.41% |
20.03% |
38.63% |
-10.66% |
22.85% |
25.33% |
| Profit (Net Income) Margin |
|
10.73% |
12.46% |
10.95% |
18.40% |
5.36% |
25.37% |
16.25% |
31.00% |
-7.48% |
18.51% |
20.31% |
| Tax Burden Percent |
|
72.82% |
71.96% |
72.78% |
143.15% |
114.34% |
80.78% |
81.12% |
80.26% |
70.17% |
80.98% |
80.20% |
| Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
| Effective Tax Rate |
|
27.18% |
28.04% |
27.22% |
-43.15% |
-14.34% |
19.22% |
18.88% |
19.74% |
0.00% |
19.02% |
19.80% |
| Return on Invested Capital (ROIC) |
|
7.26% |
8.61% |
7.78% |
12.29% |
3.23% |
20.54% |
10.84% |
23.11% |
-3.82% |
15.09% |
16.50% |
| ROIC Less NNEP Spread (ROIC-NNEP) |
|
7.26% |
8.61% |
7.78% |
12.29% |
3.23% |
20.54% |
10.84% |
23.11% |
-3.95% |
15.09% |
16.50% |
| Return on Net Nonoperating Assets (RNNOA) |
|
1.04% |
1.14% |
0.98% |
1.36% |
0.34% |
2.03% |
0.94% |
1.74% |
-0.30% |
1.18% |
1.11% |
| Return on Equity (ROE) |
|
8.31% |
9.75% |
8.76% |
13.66% |
3.57% |
22.57% |
11.78% |
24.84% |
-4.12% |
16.27% |
17.61% |
| Cash Return on Invested Capital (CROIC) |
|
1.25% |
10.80% |
-0.42% |
-1.68% |
7.67% |
-0.55% |
2.47% |
5.09% |
16.21% |
2.65% |
3.27% |
| Operating Return on Assets (OROA) |
|
3.96% |
4.68% |
4.14% |
3.46% |
1.15% |
10.44% |
5.66% |
12.55% |
-2.27% |
7.28% |
8.25% |
| Return on Assets (ROA) |
|
2.88% |
3.37% |
3.01% |
4.95% |
1.31% |
8.44% |
4.59% |
10.07% |
-1.59% |
5.90% |
6.62% |
| Return on Common Equity (ROCE) |
|
8.31% |
9.75% |
8.76% |
13.66% |
3.57% |
22.57% |
11.78% |
24.84% |
-4.12% |
16.27% |
17.61% |
| Return on Equity Simple (ROE_SIMPLE) |
|
7.99% |
9.86% |
8.37% |
12.68% |
3.66% |
20.25% |
11.27% |
22.65% |
-4.61% |
15.23% |
16.45% |
| Net Operating Profit after Tax (NOPAT) |
|
525 |
634 |
591 |
1,045 |
287 |
1,997 |
1,216 |
2,968 |
-486 |
1,843 |
2,292 |
| NOPAT Margin |
|
10.73% |
12.46% |
10.95% |
18.40% |
5.36% |
25.37% |
16.25% |
31.00% |
-7.46% |
18.51% |
20.31% |
| Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.13% |
0.00% |
0.00% |
| SG&A Expenses to Revenue |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Operating Expenses to Revenue |
|
85.26% |
82.69% |
84.95% |
87.15% |
95.31% |
68.59% |
79.97% |
61.37% |
110.66% |
77.15% |
74.67% |
| Earnings before Interest and Taxes (EBIT) |
|
721 |
881 |
812 |
730 |
251 |
2,472 |
1,499 |
3,698 |
-694 |
2,276 |
2,858 |
| Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
772 |
933 |
860 |
785 |
314 |
2,544 |
1,608 |
3,816 |
-567 |
2,388 |
2,988 |
| Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Price to Book Value (P/BV) |
|
0.98 |
1.21 |
1.46 |
1.27 |
1.41 |
1.56 |
1.21 |
1.33 |
1.44 |
1.31 |
1.61 |
| Price to Tangible Book Value (P/TBV) |
|
0.98 |
1.21 |
1.46 |
1.27 |
1.41 |
1.56 |
1.21 |
1.33 |
1.44 |
1.31 |
1.61 |
| Price to Revenue (P/Rev) |
|
1.32 |
1.53 |
1.91 |
1.85 |
2.07 |
1.96 |
1.74 |
1.82 |
2.34 |
1.59 |
1.99 |
| Price to Earnings (P/E) |
|
12.32 |
12.28 |
17.42 |
10.04 |
38.54 |
7.72 |
10.72 |
5.86 |
0.00 |
8.59 |
9.80 |
| Dividend Yield |
|
4.45% |
5.81% |
3.07% |
3.91% |
3.12% |
2.37% |
2.96% |
2.33% |
2.85% |
2.97% |
2.25% |
| Earnings Yield |
|
8.12% |
8.14% |
5.74% |
9.96% |
2.59% |
12.95% |
9.33% |
17.05% |
0.00% |
11.65% |
10.20% |
| Enterprise Value to Invested Capital (EV/IC) |
|
0.91 |
1.11 |
1.31 |
1.18 |
1.28 |
1.45 |
1.12 |
1.23 |
1.30 |
1.22 |
1.51 |
| Enterprise Value to Revenue (EV/Rev) |
|
1.38 |
1.59 |
1.92 |
1.88 |
2.08 |
1.97 |
1.74 |
1.79 |
2.28 |
1.59 |
1.98 |
| Enterprise Value to EBITDA (EV/EBITDA) |
|
8.74 |
8.68 |
12.05 |
13.62 |
35.49 |
6.11 |
8.11 |
4.50 |
0.00 |
6.61 |
7.48 |
| Enterprise Value to EBIT (EV/EBIT) |
|
9.36 |
9.19 |
12.77 |
14.64 |
44.39 |
6.29 |
8.70 |
4.64 |
0.00 |
6.94 |
7.82 |
| Enterprise Value to NOPAT (EV/NOPAT) |
|
12.85 |
12.77 |
17.54 |
10.23 |
38.83 |
7.78 |
10.72 |
5.78 |
0.00 |
8.57 |
9.75 |
| Enterprise Value to Operating Cash Flow (EV/OCF) |
|
7.73 |
7.53 |
9.30 |
10.16 |
9.44 |
12.86 |
8.74 |
8.66 |
7.25 |
7.70 |
8.44 |
| Enterprise Value to Free Cash Flow (EV/FCFF) |
|
74.98 |
10.19 |
0.00 |
0.00 |
16.34 |
0.00 |
47.07 |
26.24 |
7.21 |
48.74 |
49.24 |
| Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Debt to Equity |
|
0.13 |
0.13 |
0.12 |
0.10 |
0.11 |
0.09 |
0.08 |
0.07 |
0.08 |
0.07 |
0.06 |
| Long-Term Debt to Equity |
|
0.13 |
0.13 |
0.12 |
0.10 |
0.11 |
0.09 |
0.08 |
0.07 |
0.08 |
0.07 |
0.06 |
| Financial Leverage |
|
0.14 |
0.13 |
0.13 |
0.11 |
0.11 |
0.10 |
0.09 |
0.08 |
0.08 |
0.08 |
0.07 |
| Leverage Ratio |
|
2.88 |
2.90 |
2.91 |
2.76 |
2.72 |
2.68 |
2.56 |
2.47 |
2.58 |
2.76 |
2.66 |
| Compound Leverage Factor |
|
2.88 |
2.90 |
2.91 |
2.76 |
2.72 |
2.68 |
2.56 |
2.47 |
2.58 |
2.76 |
2.66 |
| Debt to Total Capital |
|
11.70% |
11.75% |
10.70% |
9.36% |
9.96% |
8.23% |
7.69% |
6.41% |
7.78% |
6.74% |
5.91% |
| Short-Term Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Long-Term Debt to Total Capital |
|
11.70% |
11.75% |
10.70% |
9.36% |
9.96% |
8.23% |
7.69% |
6.41% |
7.78% |
6.74% |
5.91% |
| Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Common Equity to Total Capital |
|
88.30% |
88.25% |
89.30% |
90.64% |
90.04% |
91.77% |
92.31% |
93.59% |
92.22% |
93.26% |
94.09% |
| Debt to EBITDA |
|
1.13 |
0.92 |
0.98 |
1.08 |
2.76 |
0.35 |
0.56 |
0.24 |
-1.57 |
0.37 |
0.29 |
| Net Debt to EBITDA |
|
0.36 |
0.33 |
0.08 |
0.25 |
0.26 |
0.05 |
0.00 |
-0.06 |
0.66 |
-0.01 |
-0.04 |
| Long-Term Debt to EBITDA |
|
1.13 |
0.92 |
0.98 |
1.08 |
2.76 |
0.35 |
0.56 |
0.24 |
-1.57 |
0.37 |
0.29 |
| Debt to NOPAT |
|
1.66 |
1.35 |
1.43 |
0.81 |
3.02 |
0.44 |
0.74 |
0.30 |
-1.83 |
0.47 |
0.38 |
| Net Debt to NOPAT |
|
0.53 |
0.49 |
0.12 |
0.19 |
0.29 |
0.06 |
0.00 |
-0.08 |
0.77 |
-0.02 |
-0.05 |
| Long-Term Debt to NOPAT |
|
1.66 |
1.35 |
1.43 |
0.81 |
3.02 |
0.44 |
0.74 |
0.30 |
-1.83 |
0.47 |
0.38 |
| Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Free Cash Flow to Firm (FCFF) |
|
90 |
795 |
-32 |
-143 |
682 |
-53 |
277 |
654 |
2,063 |
324 |
454 |
| Operating Cash Flow to CapEx |
|
0.00% |
10,750.00% |
8,576.92% |
6,575.00% |
5,905.00% |
5,033.33% |
7,455.00% |
13,206.67% |
13,680.00% |
11,400.00% |
12,040.91% |
| Free Cash Flow to Firm to Interest Expense |
|
1.70 |
15.00 |
-0.60 |
-2.70 |
12.87 |
-1.00 |
5.13 |
12.34 |
38.93 |
6.00 |
8.57 |
| Operating Cash Flow to Interest Expense |
|
16.47 |
20.28 |
21.04 |
19.85 |
22.28 |
22.79 |
27.61 |
37.38 |
38.72 |
38.00 |
49.98 |
| Operating Cash Flow Less CapEx to Interest Expense |
|
16.47 |
20.09 |
20.79 |
19.55 |
21.91 |
22.34 |
27.24 |
37.09 |
38.43 |
37.67 |
49.57 |
| Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Asset Turnover |
|
0.27 |
0.27 |
0.27 |
0.27 |
0.24 |
0.33 |
0.28 |
0.32 |
0.21 |
0.32 |
0.33 |
| Fixed Asset Turnover |
|
24.22 |
26.85 |
29.33 |
30.86 |
28.18 |
39.16 |
35.63 |
45.80 |
31.99 |
48.58 |
53.48 |
| Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Invested Capital |
|
7,444 |
7,283 |
7,906 |
9,094 |
8,699 |
10,749 |
11,688 |
14,002 |
11,453 |
12,972 |
14,810 |
| Invested Capital Turnover |
|
0.68 |
0.69 |
0.71 |
0.67 |
0.60 |
0.81 |
0.67 |
0.75 |
0.51 |
0.82 |
0.81 |
| Increase / (Decrease) in Invested Capital |
|
435 |
-161 |
623 |
1,188 |
-395 |
2,050 |
939 |
2,314 |
-2,549 |
1,519 |
1,838 |
| Enterprise Value (EV) |
|
6,749 |
8,098 |
10,367 |
10,689 |
11,143 |
15,539 |
13,038 |
17,162 |
14,870 |
15,792 |
22,354 |
| Market Capitalization |
|
6,469 |
7,786 |
10,298 |
10,495 |
11,061 |
15,421 |
13,039 |
17,404 |
15,243 |
15,825 |
22,462 |
| Book Value per Share |
|
$40.20 |
$39.22 |
$42.85 |
$50.24 |
$48.13 |
$60.38 |
$67.06 |
$81.33 |
$67.20 |
$77.10 |
$89.15 |
| Tangible Book Value per Share |
|
$40.20 |
$39.22 |
$42.85 |
$50.24 |
$48.13 |
$60.38 |
$67.06 |
$81.33 |
$67.20 |
$77.10 |
$89.15 |
| Total Capital |
|
7,444 |
7,283 |
7,906 |
9,094 |
8,699 |
10,749 |
11,688 |
14,002 |
11,453 |
12,972 |
14,810 |
| Total Debt |
|
871 |
856 |
846 |
851 |
866 |
885 |
899 |
897 |
891 |
874 |
875 |
| Total Long-Term Debt |
|
871 |
856 |
846 |
851 |
866 |
885 |
899 |
897 |
891 |
874 |
875 |
| Net Debt |
|
280 |
312 |
69 |
194 |
82 |
118 |
-1.00 |
-242 |
-373 |
-33 |
-108 |
| Capital Expenditures (CapEx) |
|
0.00 |
10 |
13 |
16 |
20 |
24 |
20 |
15 |
15 |
18 |
22 |
| Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
1.20 |
0.00 |
0.00 |
| Net Nonoperating Obligations (NNO) |
|
871 |
856 |
846 |
851 |
866 |
885 |
899 |
897 |
891 |
874 |
875 |
| Total Depreciation and Amortization (D&A) |
|
51 |
52 |
48 |
55 |
63 |
72 |
109 |
118 |
127 |
112 |
130 |
| Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Adjusted Basic Earnings per Share |
|
$3.21 |
$3.87 |
$3.59 |
$6.36 |
$1.76 |
$12.24 |
$7.55 |
$18.29 |
($3.06) |
$11.74 |
$14.65 |
| Adjusted Weighted Average Basic Shares Outstanding |
|
164.17M |
164.34M |
164.72M |
163.99M |
162.94M |
162.69M |
161.20M |
160.43M |
157.24M |
156.67M |
156.52M |
| Adjusted Diluted Earnings per Share |
|
$3.18 |
$3.83 |
$3.55 |
$6.29 |
$1.75 |
$12.10 |
$7.49 |
$18.10 |
($3.06) |
$11.66 |
$14.53 |
| Adjusted Weighted Average Diluted Shares Outstanding |
|
164.17M |
164.34M |
164.72M |
163.99M |
162.94M |
162.69M |
161.20M |
160.43M |
157.24M |
156.67M |
156.52M |
| Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
164.17M |
164.34M |
164.72M |
163.99M |
162.94M |
162.69M |
161.20M |
160.43M |
157.24M |
156.67M |
156.52M |
| Normalized Net Operating Profit after Tax (NOPAT) |
|
1,472 |
634 |
1,657 |
1,593 |
1,294 |
3,401 |
2,700 |
4,530 |
1,028 |
3,773 |
4,423 |
| Normalized NOPAT Margin |
|
30.10% |
12.46% |
30.71% |
28.05% |
24.16% |
43.21% |
36.08% |
47.32% |
15.78% |
37.89% |
39.20% |
| Pre Tax Income Margin |
|
14.74% |
17.31% |
15.05% |
12.85% |
4.69% |
31.41% |
20.03% |
38.63% |
-10.66% |
22.85% |
25.33% |
| Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| EBIT to Interest Expense |
|
13.60 |
16.62 |
15.32 |
13.77 |
4.74 |
46.64 |
27.76 |
69.77 |
-13.09 |
42.15 |
53.92 |
| NOPAT to Interest Expense |
|
9.91 |
11.96 |
11.15 |
19.72 |
5.42 |
37.68 |
22.52 |
56.00 |
-9.17 |
34.13 |
43.25 |
| EBIT Less CapEx to Interest Expense |
|
13.60 |
16.43 |
15.08 |
13.47 |
4.36 |
46.19 |
27.39 |
69.49 |
-13.38 |
41.81 |
53.51 |
| NOPAT Less CapEx to Interest Expense |
|
9.91 |
11.77 |
10.91 |
19.42 |
5.04 |
37.23 |
22.15 |
55.72 |
-9.45 |
33.80 |
42.83 |
| Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Dividend Payout Ratio |
|
52.95% |
57.73% |
51.78% |
38.28% |
117.07% |
17.78% |
30.84% |
13.31% |
-86.86% |
24.63% |
21.38% |
| Augmented Payout Ratio |
|
56.95% |
66.09% |
58.38% |
47.08% |
160.63% |
21.13% |
52.30% |
18.16% |
-171.05% |
28.27% |
26.88% |
Quarterly Metrics And Ratios for Cincinnati Financial
This table displays calculated financial ratios and metrics derived from Cincinnati Financial's official financial filings.
| Metric |
|
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
| Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Revenue Growth |
|
-6.54% |
84.81% |
216.10% |
28.80% |
8.19% |
31.21% |
-2.39% |
83.93% |
-24.45% |
-12.63% |
27.83% |
| EBITDA Growth |
|
-32.45% |
198.09% |
170.07% |
75.77% |
16.55% |
220.45% |
-38.86% |
905.22% |
-67.37% |
-108.21% |
110.51% |
| EBIT Growth |
|
-32.02% |
176.35% |
164.04% |
74.35% |
16.95% |
255.60% |
-42.04% |
802.70% |
-67.85% |
-113.43% |
121.50% |
| NOPAT Growth |
|
-32.10% |
191.58% |
172.45% |
74.35% |
16.78% |
235.56% |
-41.57% |
891.51% |
-65.77% |
-111.87% |
119.55% |
| Net Income Growth |
|
-32.10% |
184.59% |
165.28% |
76.20% |
16.78% |
235.56% |
-41.57% |
928.28% |
-65.77% |
-111.92% |
119.55% |
| EPS Growth |
|
-30.75% |
185.54% |
166.02% |
76.05% |
17.95% |
236.62% |
-41.42% |
925.40% |
-65.69% |
-111.92% |
119.19% |
| Operating Cash Flow Growth |
|
36.29% |
26.26% |
3.23% |
-2.40% |
-8.56% |
41.20% |
29.04% |
40.31% |
11.27% |
-12.18% |
-0.13% |
| Free Cash Flow Firm Growth |
|
533.33% |
232.61% |
-87.29% |
-163.20% |
-109.43% |
-172.31% |
-2,022.67% |
-84.97% |
-326.49% |
-1.99% |
41.12% |
| Invested Capital Growth |
|
-18.20% |
-10.37% |
4.01% |
11.39% |
13.26% |
16.25% |
14.74% |
27.71% |
14.17% |
7.90% |
11.24% |
| Revenue Q/Q Growth |
|
121.28% |
-27.91% |
16.39% |
-30.63% |
85.87% |
-12.57% |
-13.42% |
30.71% |
-23.65% |
1.11% |
26.67% |
| EBITDA Q/Q Growth |
|
334.90% |
-76.29% |
127.27% |
-119.14% |
1,229.85% |
-34.81% |
-56.64% |
152.10% |
-54.22% |
-116.40% |
1,212.35% |
| EBIT Q/Q Growth |
|
320.80% |
-78.96% |
148.51% |
-122.22% |
1,106.76% |
-36.04% |
-59.50% |
169.43% |
-53.94% |
-126.72% |
767.97% |
| NOPAT Q/Q Growth |
|
350.80% |
-77.79% |
137.33% |
-119.40% |
1,241.89% |
-36.18% |
-58.68% |
162.82% |
-50.61% |
-122.12% |
864.51% |
| Net Income Q/Q Growth |
|
343.51% |
-77.79% |
137.33% |
-118.54% |
1,294.95% |
-36.18% |
-58.68% |
162.82% |
-50.61% |
-122.22% |
861.11% |
| EPS Q/Q Growth |
|
341.44% |
-77.64% |
138.03% |
-118.64% |
1,288.89% |
-36.18% |
-58.58% |
162.63% |
-50.58% |
-122.18% |
861.40% |
| Operating Cash Flow Q/Q Growth |
|
-5.26% |
-60.38% |
130.00% |
13.04% |
-11.23% |
-38.82% |
110.20% |
22.91% |
-29.61% |
-51.71% |
139.03% |
| Free Cash Flow Firm Q/Q Growth |
|
76.07% |
-55.90% |
-95.23% |
-1,804.80% |
73.72% |
-238.10% |
-26.94% |
-64.01% |
39.41% |
19.15% |
26.72% |
| Invested Capital Q/Q Growth |
|
11.00% |
1.60% |
2.24% |
-3.40% |
12.87% |
4.28% |
0.92% |
7.52% |
0.90% |
-1.45% |
4.04% |
| Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| EBITDA Margin |
|
42.05% |
13.83% |
27.01% |
-7.45% |
45.30% |
33.78% |
16.92% |
32.63% |
19.56% |
-3.17% |
27.86% |
| EBIT Margin |
|
41.24% |
12.03% |
25.69% |
-8.23% |
44.58% |
32.61% |
15.26% |
31.45% |
18.97% |
-5.01% |
26.44% |
| Profit (Net Income) Margin |
|
32.79% |
10.10% |
20.60% |
-5.51% |
35.40% |
25.84% |
12.33% |
24.80% |
16.04% |
-3.53% |
21.18% |
| Tax Burden Percent |
|
78.71% |
83.96% |
80.18% |
66.89% |
79.40% |
79.22% |
80.83% |
78.85% |
84.55% |
70.31% |
80.12% |
| Interest Burden Percent |
|
101.02% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
| Effective Tax Rate |
|
21.29% |
16.04% |
19.82% |
0.00% |
20.60% |
20.78% |
19.17% |
21.15% |
15.45% |
0.00% |
19.88% |
| Return on Invested Capital (ROIC) |
|
16.77% |
6.18% |
16.43% |
-5.13% |
28.87% |
21.88% |
10.23% |
22.93% |
13.03% |
-2.72% |
17.07% |
| ROIC Less NNEP Spread (ROIC-NNEP) |
|
16.77% |
6.18% |
16.43% |
-4.60% |
28.87% |
21.88% |
10.23% |
22.93% |
13.03% |
-2.77% |
17.07% |
| Return on Net Nonoperating Assets (RNNOA) |
|
1.27% |
0.48% |
1.33% |
-0.40% |
2.25% |
1.65% |
0.75% |
1.64% |
0.88% |
-0.18% |
1.11% |
| Return on Equity (ROE) |
|
18.04% |
6.67% |
17.76% |
-5.53% |
31.11% |
23.53% |
10.97% |
24.57% |
13.90% |
-2.91% |
18.18% |
| Cash Return on Invested Capital (CROIC) |
|
16.21% |
10.51% |
7.69% |
4.57% |
2.65% |
3.83% |
3.11% |
-0.88% |
3.27% |
2.69% |
1.98% |
| Operating Return on Assets (OROA) |
|
8.79% |
2.99% |
7.90% |
-2.70% |
14.21% |
10.82% |
4.89% |
11.21% |
6.18% |
-1.54% |
8.34% |
| Return on Assets (ROA) |
|
6.99% |
2.51% |
6.33% |
-1.81% |
11.28% |
8.58% |
3.95% |
8.84% |
5.23% |
-1.08% |
6.68% |
| Return on Common Equity (ROCE) |
|
18.04% |
6.67% |
17.76% |
-5.53% |
31.11% |
23.53% |
10.97% |
24.57% |
13.90% |
-2.91% |
18.18% |
| Return on Equity Simple (ROE_SIMPLE) |
|
0.00% |
0.04% |
12.29% |
15.75% |
0.00% |
18.75% |
16.83% |
22.24% |
0.00% |
10.55% |
12.73% |
| Net Operating Profit after Tax (NOPAT) |
|
1,013 |
225 |
534 |
-104 |
1,183 |
755 |
312 |
820 |
405 |
-90 |
685 |
| NOPAT Margin |
|
32.79% |
10.10% |
20.60% |
-5.76% |
35.40% |
25.84% |
12.33% |
24.80% |
16.04% |
-3.51% |
21.18% |
| Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
-0.52% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.05% |
0.00% |
| SG&A Expenses to Revenue |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Operating Expenses to Revenue |
|
58.76% |
87.97% |
74.31% |
108.23% |
55.42% |
67.39% |
84.74% |
68.55% |
81.03% |
105.01% |
73.56% |
| Earnings before Interest and Taxes (EBIT) |
|
1,274 |
268 |
666 |
-148 |
1,490 |
953 |
386 |
1,040 |
479 |
-128 |
855 |
| Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
1,299 |
308 |
700 |
-134 |
1,514 |
987 |
428 |
1,079 |
494 |
-81 |
901 |
| Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Price to Book Value (P/BV) |
|
1.44 |
1.59 |
1.35 |
1.47 |
1.31 |
1.54 |
1.45 |
1.54 |
1.61 |
1.69 |
1.63 |
| Price to Tangible Book Value (P/TBV) |
|
1.44 |
1.59 |
1.35 |
1.47 |
1.31 |
1.54 |
1.45 |
1.54 |
1.61 |
1.69 |
1.63 |
| Price to Revenue (P/Rev) |
|
2.34 |
2.27 |
1.60 |
1.61 |
1.59 |
1.83 |
1.75 |
1.76 |
1.99 |
2.12 |
2.00 |
| Price to Earnings (P/E) |
|
0.00 |
4,281.68 |
10.97 |
9.33 |
8.59 |
8.21 |
8.60 |
6.93 |
9.80 |
15.98 |
12.79 |
| Dividend Yield |
|
2.85% |
2.59% |
3.04% |
2.95% |
2.97% |
2.46% |
2.64% |
2.34% |
2.25% |
2.23% |
2.26% |
| Earnings Yield |
|
0.00% |
0.02% |
9.12% |
10.71% |
11.65% |
12.18% |
11.63% |
14.44% |
10.20% |
6.26% |
7.82% |
| Enterprise Value to Invested Capital (EV/IC) |
|
1.30 |
1.47 |
1.26 |
1.36 |
1.22 |
1.46 |
1.36 |
1.39 |
1.51 |
1.58 |
1.53 |
| Enterprise Value to Revenue (EV/Rev) |
|
2.28 |
2.27 |
1.61 |
1.61 |
1.59 |
1.85 |
1.76 |
1.68 |
1.98 |
2.11 |
1.99 |
| Enterprise Value to EBITDA (EV/EBITDA) |
|
0.00 |
310.30 |
8.55 |
7.17 |
6.61 |
6.44 |
6.65 |
5.09 |
7.48 |
11.97 |
9.68 |
| Enterprise Value to EBIT (EV/EBIT) |
|
0.00 |
0.00 |
9.19 |
7.57 |
6.94 |
6.67 |
6.93 |
5.27 |
7.82 |
12.94 |
10.31 |
| Enterprise Value to NOPAT (EV/NOPAT) |
|
0.00 |
0.00 |
11.06 |
9.32 |
8.57 |
8.32 |
8.64 |
6.64 |
9.75 |
15.89 |
12.73 |
| Enterprise Value to Operating Cash Flow (EV/OCF) |
|
7.25 |
8.11 |
7.07 |
7.40 |
7.70 |
9.16 |
8.01 |
7.89 |
8.44 |
8.82 |
8.89 |
| Enterprise Value to Free Cash Flow (EV/FCFF) |
|
7.21 |
13.19 |
16.72 |
31.29 |
48.74 |
40.95 |
46.83 |
0.00 |
49.24 |
60.82 |
81.00 |
| Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Debt to Equity |
|
0.08 |
0.08 |
0.08 |
0.08 |
0.07 |
0.07 |
0.07 |
0.06 |
0.06 |
0.06 |
0.06 |
| Long-Term Debt to Equity |
|
0.08 |
0.08 |
0.08 |
0.08 |
0.07 |
0.07 |
0.07 |
0.06 |
0.06 |
0.06 |
0.06 |
| Financial Leverage |
|
0.08 |
0.08 |
0.08 |
0.09 |
0.08 |
0.08 |
0.07 |
0.07 |
0.07 |
0.07 |
0.06 |
| Leverage Ratio |
|
2.58 |
2.66 |
2.81 |
2.95 |
2.76 |
2.74 |
2.78 |
2.78 |
2.66 |
2.69 |
2.72 |
| Compound Leverage Factor |
|
2.61 |
2.66 |
2.81 |
2.95 |
2.76 |
2.74 |
2.78 |
2.78 |
2.66 |
2.69 |
2.72 |
| Debt to Total Capital |
|
7.78% |
7.69% |
7.29% |
7.56% |
6.74% |
6.45% |
6.40% |
5.95% |
5.91% |
6.02% |
5.82% |
| Short-Term Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Long-Term Debt to Total Capital |
|
7.78% |
7.69% |
7.29% |
7.56% |
6.74% |
6.45% |
6.40% |
5.95% |
5.91% |
6.02% |
5.82% |
| Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Common Equity to Total Capital |
|
92.22% |
92.31% |
92.71% |
92.44% |
93.26% |
93.55% |
93.60% |
94.05% |
94.09% |
93.98% |
94.18% |
| Debt to EBITDA |
|
-1.57 |
16.27 |
0.49 |
0.40 |
0.37 |
0.28 |
0.31 |
0.22 |
0.29 |
0.46 |
0.37 |
| Net Debt to EBITDA |
|
0.66 |
-1.09 |
0.07 |
-0.01 |
-0.01 |
0.08 |
0.04 |
-0.22 |
-0.04 |
-0.07 |
-0.05 |
| Long-Term Debt to EBITDA |
|
-1.57 |
16.27 |
0.49 |
0.40 |
0.37 |
0.28 |
0.31 |
0.22 |
0.29 |
0.46 |
0.37 |
| Debt to NOPAT |
|
-1.83 |
-17.05 |
0.64 |
0.52 |
0.47 |
0.37 |
0.41 |
0.28 |
0.38 |
0.61 |
0.49 |
| Net Debt to NOPAT |
|
0.77 |
1.14 |
0.09 |
-0.02 |
-0.02 |
0.11 |
0.05 |
-0.29 |
-0.05 |
-0.09 |
-0.06 |
| Long-Term Debt to NOPAT |
|
-1.83 |
-17.05 |
0.64 |
0.52 |
0.47 |
0.37 |
0.41 |
0.28 |
0.38 |
0.61 |
0.49 |
| Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Free Cash Flow to Firm (FCFF) |
|
3,562 |
1,571 |
75 |
-1,279 |
-336 |
-1,136 |
-1,442 |
-2,365 |
-1,433 |
-1,159 |
-849 |
| Operating Cash Flow to CapEx |
|
21,033.33% |
6,250.00% |
14,375.00% |
32,500.00% |
7,212.50% |
5,042.86% |
14,840.00% |
15,200.00% |
16,050.00% |
10,333.33% |
18,525.00% |
| Free Cash Flow to Firm to Interest Expense |
|
274.00 |
112.21 |
5.77 |
-98.35 |
-24.00 |
-87.38 |
-103.00 |
-181.92 |
-110.23 |
-89.12 |
-60.64 |
| Operating Cash Flow to Interest Expense |
|
48.54 |
17.86 |
44.23 |
50.00 |
41.21 |
27.15 |
53.00 |
70.15 |
49.38 |
23.85 |
52.93 |
| Operating Cash Flow Less CapEx to Interest Expense |
|
48.31 |
17.57 |
43.92 |
49.85 |
40.64 |
26.62 |
52.64 |
69.69 |
49.08 |
23.62 |
52.64 |
| Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Asset Turnover |
|
0.21 |
0.25 |
0.31 |
0.33 |
0.32 |
0.33 |
0.32 |
0.36 |
0.33 |
0.31 |
0.32 |
| Fixed Asset Turnover |
|
31.99 |
37.47 |
46.64 |
48.17 |
48.58 |
51.97 |
51.54 |
58.46 |
53.48 |
51.12 |
54.42 |
| Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Invested Capital |
|
11,453 |
11,636 |
11,897 |
11,493 |
12,972 |
13,527 |
13,651 |
14,678 |
14,810 |
14,596 |
15,185 |
| Invested Capital Turnover |
|
0.51 |
0.61 |
0.80 |
0.89 |
0.82 |
0.85 |
0.83 |
0.92 |
0.81 |
0.78 |
0.81 |
| Increase / (Decrease) in Invested Capital |
|
-2,549 |
-1,346 |
459 |
1,175 |
1,519 |
1,891 |
1,754 |
3,185 |
1,838 |
1,069 |
1,534 |
| Enterprise Value (EV) |
|
14,870 |
17,067 |
14,993 |
15,584 |
15,792 |
19,737 |
18,593 |
20,389 |
22,354 |
22,990 |
23,166 |
| Market Capitalization |
|
15,243 |
17,127 |
14,874 |
15,614 |
15,825 |
19,483 |
18,490 |
21,267 |
22,462 |
23,122 |
23,277 |
| Book Value per Share |
|
$67.20 |
$68.31 |
$70.16 |
$67.73 |
$77.10 |
$80.83 |
$81.61 |
$88.35 |
$89.15 |
$87.64 |
$91.50 |
| Tangible Book Value per Share |
|
$67.20 |
$68.31 |
$70.16 |
$67.73 |
$77.10 |
$80.83 |
$81.61 |
$88.35 |
$89.15 |
$87.64 |
$91.50 |
| Total Capital |
|
11,453 |
11,636 |
11,897 |
11,493 |
12,972 |
13,527 |
13,651 |
14,678 |
14,810 |
14,596 |
15,185 |
| Total Debt |
|
891 |
895 |
867 |
869 |
874 |
873 |
874 |
874 |
875 |
878 |
884 |
| Total Long-Term Debt |
|
891 |
895 |
867 |
869 |
874 |
873 |
874 |
874 |
875 |
878 |
884 |
| Net Debt |
|
-373 |
-60 |
119 |
-30 |
-33 |
254 |
103 |
-878 |
-108 |
-132 |
-111 |
| Capital Expenditures (CapEx) |
|
3.00 |
4.00 |
4.00 |
2.00 |
8.00 |
7.00 |
5.00 |
6.00 |
4.00 |
3.00 |
4.00 |
| Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
-4.60 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.40 |
0.00 |
| Net Nonoperating Obligations (NNO) |
|
891 |
895 |
867 |
869 |
874 |
873 |
874 |
874 |
875 |
878 |
884 |
| Total Depreciation and Amortization (D&A) |
|
25 |
40 |
34 |
14 |
24 |
34 |
42 |
39 |
15 |
47 |
46 |
| Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Adjusted Basic Earnings per Share |
|
$6.35 |
$1.43 |
$3.40 |
($0.63) |
$7.54 |
$4.82 |
$1.99 |
$5.25 |
$2.59 |
($0.57) |
$4.38 |
| Adjusted Weighted Average Basic Shares Outstanding |
|
157.24M |
157.21M |
156.86M |
156.91M |
156.67M |
156.56M |
156.24M |
156.32M |
156.52M |
156.30M |
156.38M |
| Adjusted Diluted Earnings per Share |
|
$6.35 |
$1.42 |
$3.38 |
($0.63) |
$7.49 |
$4.78 |
$1.98 |
$5.20 |
$2.57 |
($0.57) |
$4.34 |
| Adjusted Weighted Average Diluted Shares Outstanding |
|
157.24M |
157.21M |
156.86M |
156.91M |
156.67M |
156.56M |
156.24M |
156.32M |
156.52M |
156.30M |
156.38M |
| Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
157.24M |
157.21M |
156.86M |
156.91M |
156.67M |
156.56M |
156.24M |
156.32M |
156.52M |
156.30M |
156.38M |
| Normalized Net Operating Profit after Tax (NOPAT) |
|
1,452 |
692 |
998 |
323 |
1,691 |
1,243 |
841 |
1,359 |
999 |
402 |
1,253 |
| Normalized NOPAT Margin |
|
47.01% |
31.06% |
38.51% |
17.95% |
50.60% |
42.54% |
33.26% |
41.08% |
39.58% |
15.74% |
38.75% |
| Pre Tax Income Margin |
|
41.66% |
12.03% |
25.69% |
-8.23% |
44.58% |
32.61% |
15.26% |
31.45% |
18.97% |
-5.01% |
26.44% |
| Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| EBIT to Interest Expense |
|
98.00 |
19.14 |
51.23 |
-11.38 |
106.43 |
73.31 |
27.57 |
80.00 |
36.85 |
-9.85 |
61.07 |
| NOPAT to Interest Expense |
|
77.92 |
16.07 |
41.08 |
-7.97 |
84.50 |
58.08 |
22.29 |
63.08 |
31.15 |
-6.89 |
48.93 |
| EBIT Less CapEx to Interest Expense |
|
97.77 |
18.86 |
50.92 |
-11.54 |
105.86 |
72.77 |
27.21 |
79.54 |
36.54 |
-10.08 |
60.79 |
| NOPAT Less CapEx to Interest Expense |
|
77.69 |
15.79 |
40.77 |
-8.12 |
83.93 |
57.54 |
21.93 |
62.62 |
30.85 |
-7.12 |
48.64 |
| Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Dividend Payout Ratio |
|
-86.86% |
10,750.00% |
32.30% |
26.60% |
24.63% |
19.55% |
21.94% |
15.67% |
21.38% |
34.49% |
27.86% |
| Augmented Payout Ratio |
|
-171.05% |
20,500.00% |
52.95% |
31.26% |
28.27% |
24.48% |
27.62% |
19.61% |
26.88% |
40.91% |
30.44% |
Key Financial Trends
Over the recent four-year period, Cincinnati Financial (NASDAQ: CINF) has demonstrated steady financial performance with some volatility related to net income, restructuring charges, and investment gains.
Positive Trends and Highlights:
- The company reported strong consolidated net income growth in Q2 2025 at $685 million, a significant turnaround from a net loss of $90 million in Q1 2025, reflecting improved operational performance.
- Net premiums earned increased steadily, reaching $2.48 billion in Q2 2025, up from $1.92 billion in Q1 2023, indicating healthy underlying insurance operations.
- Realized and unrealized capital gains on investments surged to $758 million in Q2 2025 from $213 million in Q1 2025, contributing substantially to non-interest income.
- Net cash from continuing operating activities was robust at $741 million in Q2 2025, supporting liquidity and financial flexibility.
- Total assets grew consistently, with $38.8 billion reported in Q2 2025 versus approximately $30.5 billion at the start of 2023, supporting business growth.
- Total equity increased steadily, with common equity rising to $14.3 billion in Q2 2025 from $10.7 billion in Q1 2023, indicating retained earnings growth and capital strength.
- Despite fluctuations, diluted earnings per share improved to $4.34 in Q2 2025 from a low of -$0.57 in Q1 2025, enhancing shareholder returns.
- The company maintained a steady dividend payout, with cash dividends per share increasing modestly from $0.75 in Q3 2023 to $0.87 in Q2 2025, demonstrating commitment to returning capital to shareholders.
- Trading account securities holdings increased from around $22.6 billion in Q1 2023 to approximately $28.7 billion in Q2 2025, supporting investment income generation.
Neutral Observations:
- Interest expense related to long-term debt remained stable around $13-$14 million per quarter, with no significant changes impacting net interest income.
- Depreciation expenses fluctuated moderately, consistent with changes in property and equipment investments.
- Claims and claim expenses displayed variability but generally aligned with premiums earned and overall insurance activity.
- The company's long-term debt levels remained relatively consistent, fluctuating slightly around $870-$890 million.
- Cash and due from banks balance remained reasonably stable, averaging around $1 billion over the period.
Negative Aspects and Risks:
- The company faced substantial restructuring charges each quarter, increasing from roughly $556 million in Q1 2023 to $709 million in Q2 2025, which significantly impacted expenses and net income in several periods.
- There were periods of negative net income and losses in early 2025, reflecting operational or market challenges impacting profitability.
- Non-cash adjustments to reconcile net income showed wide swings, including significant negative adjustments that could indicate mark-to-market volatility or impairments.
- Net cash from financing activities consistently showed outflows due to dividend payments and share repurchases, which while shareholder-friendly, reduce cash reserves.
Summary: Cincinnati Financial has shown resilience and recovery after weakness in early 2025, with strong premiums growth and significant investment gains fueling its revenue expansion. The company's balance sheet remains strong with increasing equity and stable debt levels. However, high restructuring charges and non-cash adjustments introduce earnings volatility and risk. Steady dividends and share repurchases support shareholder returns while careful monitoring of expense control and claim trends is warranted.
10/26/25 06:23 AM ETAI Generated. May Contain Errors.