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Cincinnati Financial (CINF) Financials

Cincinnati Financial logo
$165.31 +2.05 (+1.26%)
Closing price 05/14/2026 04:00 PM Eastern
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$165.31 0.00 (0.00%)
As of 04:00 AM Eastern
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Annual Income Statements for Cincinnati Financial

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.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 634 591 1,045 287 1,997 1,216 2,968 -487 1,843 2,292 2,393
Consolidated Net Income / (Loss)		 634 591 1,045 287 1,997 1,216 2,968 -487 1,843 2,292 2,393
Net Income / (Loss) Continuing Operations		 634 591 1,045 287 1,997 1,216 2,968 -487 1,843 2,292 2,393
Total Pre-Tax Income 		881 812 730 251 2,472 1,499 3,698 -694 2,276 2,858 2,980
Total Revenue		 5,089 5,396 5,679 5,354 7,871 7,482 9,573 6,510 9,959 11,284 12,578
Net Interest Income / (Expense)		 -53 -53 -53 -53 -53 -54 -53 -53 -54 -53 -53
Total Interest Income		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Interest Expense		 53 53 53 53 53 54 53 53 54 53 53
Long-Term Debt Interest Expense		 53 53 53 53 53 54 53 53 54 53 53
Total Non-Interest Income		 5,142 5,449 5,732 5,407 7,924 7,536 9,626 6,563 10,013 11,337 12,631
Other Service Charges		 20 20 21 20 24 21 25 24 34 32 41
Net Realized & Unrealized Capital Gains on Investments		 642 719 757 217 2,296 1,535 3,123 -686 2,021 2,416 2,607
Premiums Earned		 4,480 4,710 4,954 5,170 5,604 5,980 6,478 7,225 7,958 8,889 9,983
Total Non-Interest Expense		 4,208 4,584 4,949 5,103 5,399 5,983 5,875 7,204 7,683 8,426 9,598
Property & Liability Insurance Claims		 2,808 3,107 3,390 3,490 3,638 4,134 3,909 5,019 5,274 5,737 6,640
Other Operating Expenses		 13 12 13 16 23 20 20 23 25 32 34
Restructuring Charge		 - 1,465 1,546 1,597 1,738 1,829 1,946 2,162 2,384 2,657 2,924
Income Tax Expense		 247 221 -315 -36 475 283 730 -207 433 566 587
Basic Earnings per Share		 $3.87 $3.59 $6.36 $1.76 $12.24 $7.55 $18.43 ($3.06) $11.74 $14.65 $15.32
Weighted Average Basic Shares Outstanding		 164M 164.50M 164.20M 163.20M 162.69M 161.20M 160.43M 157.24M 156.67M 156.52M 155.62M
Diluted Earnings per Share		 $3.83 $3.55 $6.29 $1.75 $12.10 $7.49 $18.24 ($3.06) $11.66 $14.53 $15.17
Weighted Average Diluted Shares Outstanding		 164M 164.50M 164.20M 163.20M 162.69M 161.20M 160.43M 157.24M 156.67M 156.52M 155.62M
Weighted Average Basic & Diluted Shares Outstanding		 164M 164.50M 164.20M 163.20M 162.69M 161.20M 160.43M 157.24M 156.67M 156.52M 155.62M
Cash Dividends to Common per Share		 $2.30 $1.92 $2.50 $2.12 $2.24 $2.40 $2.52 $2.76 $3.00 $3.24 $3.48

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 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -99 1,183 755 312 820 405 -90 685 1,122 676 274
Consolidated Net Income / (Loss)		 -99 1,183 755 312 820 405 -90 685 1,122 676 274
Net Income / (Loss) Continuing Operations		 -99 1,183 755 312 820 405 -90 685 1,122 676 274
Total Pre-Tax Income 		-148 1,490 953 386 1,040 479 -128 855 1,413 840 326
Total Revenue		 1,798 3,342 2,922 2,530 3,307 2,525 2,553 3,234 3,713 3,078 2,850
Net Interest Income / (Expense)		 -13 -14 -13 -14 -13 -13 -13 -14 -13 -13 -13
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 14 13 13 13 14 13 13 13
Long-Term Debt Interest Expense		 13 14 13 14 13 13 13 14 13 13 13
Total Non-Interest Income		 1,811 3,356 2,935 2,544 3,320 2,538 2,566 3,248 3,726 3,091 2,863
Other Service Charges		 9.00 10 7.00 9.00 7.00 9.00 9.00 10 11 11 11
Net Realized & Unrealized Capital Gains on Investments		 -231 1,282 857 379 1,016 164 213 758 1,148 488 248
Premiums Earned		 2,033 2,064 2,071 2,156 2,297 2,365 2,344 2,480 2,567 2,592 2,604
Total Non-Interest Expense		 1,946 1,852 1,969 2,144 2,267 2,046 2,681 2,379 2,300 2,238 2,524
Property & Liability Insurance Claims		 1,332 1,204 1,349 1,480 1,578 1,330 1,968 1,660 1,540 1,472 1,751
Other Operating Expenses		 5.00 8.00 4.00 9.00 6.00 13 11 10 6.00 7.00 9.00
Restructuring Charge		 609 640 616 655 683 703 702 709 754 759 764
Income Tax Expense		 -49 307 198 74 220 74 -38 170 291 164 52
Basic Earnings per Share		 ($0.63) $7.54 $4.82 $1.99 $5.25 $2.59 ($0.57) $4.38 $7.19 $4.32 $1.77
Weighted Average Basic Shares Outstanding		 156.91M 156.67M 156.56M 156.24M 156.32M 156.52M 156.30M 156.38M 156.02M 155.62M 154.69M
Diluted Earnings per Share		 ($0.63) $7.49 $4.78 $1.98 $5.20 $2.57 ($0.57) $4.34 $7.11 $4.29 $1.75
Weighted Average Diluted Shares Outstanding		 156.91M 156.67M 156.56M 156.24M 156.32M 156.52M 156.30M 156.38M 156.02M 155.62M 154.69M
Weighted Average Basic & Diluted Shares Outstanding		 156.91M 156.67M 156.56M 156.24M 156.32M 156.52M 156.30M 156.38M 156.02M 155.62M 154.69M
Cash Dividends to Common per Share		 $0.75 - $0.81 $0.81 $0.81 - $0.87 $0.87 $0.87 - $0.94

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -47 233 -120 127 -17 133 239 125 -357 76 448
Net Cash From Operating Activities		 1,075 1,115 1,052 1,181 1,208 1,491 1,981 2,052 2,052 2,649 3,112
Net Cash From Continuing Operating Activities		 1,075 1,115 1,052 1,181 1,208 1,491 1,981 2,052 2,052 2,649 3,112
Net Income / (Loss) Continuing Operations		 634 591 1,045 287 1,997 1,216 2,968 -487 1,843 2,292 2,393
Consolidated Net Income / (Loss)		 634 591 1,045 287 1,997 1,216 2,968 -487 1,843 2,292 2,393
Depreciation Expense		 52 48 55 63 72 109 118 127 112 130 168
Non-Cash Adjustments to Reconcile Net Income		 10 -15 -518 597 -1,223 -672 -1,825 1,181 -840 -1,206 -1,078
Changes in Operating Assets and Liabilities, net		 379 491 470 234 362 838 720 1,231 937 1,433 1,629
Net Cash From Investing Activities		 -624 -456 -558 -451 -679 -560 -1,057 -933 -1,608 -1,696 -1,691
Net Cash From Continuing Investing Activities		 -624 -456 -558 -451 -679 -560 -1,057 -933 -1,608 -1,696 -1,691
Purchase of Property, Leasehold Improvements and Equipment		 -10 -13 -16 -20 -24 -20 -15 -15 -18 -22 -20
Purchase of Investment Securities		 -2,228 -2,464 -2,283 -2,022 -2,230 -2,131 -2,637 -2,468 -2,917 -6,460 -5,909
Sale and/or Maturity of Investments		 1,614 2,021 1,741 1,591 1,575 1,591 1,597 1,543 1,342 4,801 4,268
Other Investing Activities, net		 - - - - - - -2.00 7.00 -15 -15 -30
Net Cash From Financing Activities		 -498 -426 -614 -603 -546 -798 -685 -994 -801 -877 -973
Net Cash From Continuing Financing Activities		 -498 -426 -614 -603 -546 -798 -685 -994 -801 -877 -973
Issuance of Debt		 -14 - 4.00 8.00 7.00 15 0.00 -4.00 -25 0.00 0.00
Repurchase of Common Equity		 -53 -39 -92 -125 -67 -261 -144 -410 -67 -126 -205
Payment of Dividends		 -366 -306 -400 -336 -355 -375 -395 -423 -454 -490 -525
Other Financing Activities, Net		 -65 -66 -126 -90 -131 -177 -146 -157 -255 -261 -243
Cash Interest Paid		 52 52 52 53 53 53 52 53 54 53 53
Cash Income Taxes Paid		 245 213 60 98 34 84 257 165 136 395 220

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 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 151 8.00 -288 152 981 -769 27 -15 465 -29 -221
Net Cash From Operating Activities		 650 577 353 742 912 642 310 741 1,114 947 656
Net Cash From Continuing Operating Activities		 650 577 353 742 912 642 310 741 1,114 947 656
Net Income / (Loss) Continuing Operations		 -99 1,183 755 312 820 405 -90 685 1,122 676 274
Consolidated Net Income / (Loss)		 -99 1,183 755 312 820 405 -90 685 1,122 676 274
Depreciation Expense		 14 24 34 42 39 15 47 46 33 42 40
Non-Cash Adjustments to Reconcile Net Income		 363 -806 -460 -112 -694 60 89 -366 -669 -132 4.00
Changes in Operating Assets and Liabilities, net		 372 176 24 500 747 162 264 376 628 361 338
Net Cash From Investing Activities		 -318 -370 -355 -385 251 -1,207 -58 -556 -403 -674 -493
Net Cash From Continuing Investing Activities		 -318 -370 -355 -385 251 -1,207 -58 -556 -403 -674 -493
Purchase of Property, Leasehold Improvements and Equipment		 -2.00 -8.00 -7.00 -5.00 -6.00 -4.00 -3.00 -4.00 -5.00 -8.00 -2.00
Purchase of Investment Securities		 -621 -805 -1,080 -799 -2,268 -2,313 -739 -1,247 -1,946 -1,977 -1,953
Sale and/or Maturity of Investments		 309 448 730 425 2,531 1,115 687 695 1,575 1,311 1,459
Other Investing Activities, net		 -4.00 -5.00 2.00 -6.00 -6.00 -5.00 -3.00 - -27 - 3.00
Net Cash From Financing Activities		 -181 -199 -286 -205 -182 -204 -225 -200 -246 -302 -384
Net Cash From Continuing Financing Activities		 -181 -199 -286 -205 -182 -204 -225 -200 -246 -302 -384
Repurchase of Common Equity		 -1.00 - -75 -46 - -5.00 -42 - -60 -103 -179
Payment of Dividends		 -115 -116 -116 -125 -124 -125 -125 -133 -134 -133 -133
Other Financing Activities, Net		 -65 -83 -95 -34 -58 -74 -58 -67 -52 -66 -72
Cash Income Taxes Paid		 15 42 106 68 47 174 2.00 95 2.00 121 4.00

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 18,888 20,386 21,843 21,935 25,408 27,542 31,387 29,732 32,769 36,501 41,002
Cash and Due from Banks		 544 777 657 784 767 900 1,139 1,264 907 983 1,431
Trading Account Securities		 14,356 15,419 16,948 5,920 19,450 21,194 24,337 21,973 24,780 16,182 30,817
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		 129 134 134 132 133 136 144 160 192 222 235
Premises and Equipment, Net		 185 183 185 195 207 213 205 202 208 214 219
Unearned Premiums Asset		 1,485 1,595 1,631 1,688 1,831 1,944 2,131 2,373 2,647 3,039 3,213
Deferred Acquisition Cost		 616 637 670 738 774 805 905 1,013 1,093 1,242 1,344
Separate Account Business Assets		 748 766 806 803 882 952 959 892 925 952 981
Other Assets		 763 824 751 11,604 1,287 1,303 1,469 1,763 2,017 13,667 2,762
Total Liabilities & Shareholders' Equity		 18,888 20,386 21,843 21,935 25,408 27,542 31,387 29,732 32,769 36,501 41,002
Total Liabilities		 12,461 13,326 13,600 14,102 15,544 16,753 18,282 19,170 20,671 22,566 25,091
Long-Term Debt		 856 846 851 866 885 899 897 891 874 875 886
Claims and Claim Expense		 4,718 5,085 5,273 5,707 6,147 6,746 7,305 8,400 9,050 10,003 11,507
Future Policy Benefits		 2,583 2,671 2,729 2,779 2,835 2,915 3,014 3,015 3,068 2,960 2,992
Unearned Premiums Liability		 2,201 2,307 2,404 2,516 2,788 2,960 3,271 3,689 4,119 4,813 5,254
Separate Account Business Liabilities		 748 766 806 803 882 952 959 892 925 952 981
Other Long-Term Liabilities		 1,355 1,651 1,537 1,431 2,007 2,281 2,836 2,283 2,635 2,963 3,471
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		 6,427 7,060 8,243 7,833 9,864 10,789 13,105 10,562 12,098 13,935 15,911
Total Preferred & Common Equity		 6,427 7,060 8,243 7,833 9,864 10,789 13,105 10,562 12,098 13,935 15,911
Total Common Equity		 6,427 7,060 8,243 7,833 9,864 10,789 13,105 10,562 12,098 13,935 15,911
Common Stock		 1,629 1,649 1,662 1,678 1,703 1,725 1,753 1,789 1,834 1,899 1,958
Retained Earnings		 4,762 5,037 5,180 7,625 9,257 10,085 12,625 11,711 13,084 14,869 16,719
Treasury Stock		 -1,308 -1,319 -1,387 -1,492 -1,544 -1,790 -1,921 -2,324 -2,385 -2,524 -2,732
Accumulated Other Comprehensive Income / (Loss)		 1,344 1,693 2,788 22 448 769 648 -614 -435 -309 -34

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 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 31,352 30,915 32,769 33,727 34,802 37,009 36,501 37,276 38,842 40,567 41,211
Cash and Due from Banks		 748 899 907 619 771 1,752 983 1,010 995 1,460 1,210
Trading Account Securities		 23,372 22,874 24,780 25,641 26,043 27,441 27,367 27,641 28,726 30,177 31,114
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		 163 182 192 202 201 199 222 224 223 233 247
Premises and Equipment, Net		 198 199 208 211 213 215 214 216 214 213 214
Unearned Premiums Asset		 2,844 2,723 2,647 2,882 3,212 3,106 3,039 3,256 3,550 3,407 3,416
Deferred Acquisition Cost		 1,109 1,101 1,093 1,143 1,229 1,241 1,242 1,297 1,367 1,360 1,384
Separate Account Business Assets		 911 918 925 927 948 943 952 959 991 971 988
Other Assets		 1,909 1,916 2,017 1,996 2,074 1,996 2,482 2,673 2,776 2,746 2,638
Total Liabilities & Shareholders' Equity		 31,352 30,915 32,769 33,727 34,802 37,009 36,501 37,276 38,842 40,567 41,211
Total Liabilities		 20,322 20,291 20,671 21,073 22,025 23,205 22,566 23,558 24,541 25,161 25,497
Long-Term Debt		 867 869 874 873 874 874 875 878 884 883 884
Claims and Claim Expense		 8,873 9,077 9,050 9,246 9,555 9,928 10,003 10,780 11,072 11,260 11,959
Future Policy Benefits		 3,038 2,920 3,068 3,013 2,966 3,069 2,960 2,968 2,959 3,003 2,965
Unearned Premiums Liability		 4,222 4,195 4,119 4,398 4,826 4,874 4,813 5,068 5,444 5,423 5,424
Separate Account Business Liabilities		 911 918 925 927 948 943 952 959 991 971 988
Other Long-Term Liabilities		 2,411 2,312 2,635 2,616 2,856 3,517 2,963 2,905 3,191 3,621 3,277
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		 11,030 10,624 12,098 12,654 12,777 13,804 13,935 13,718 14,301 15,406 15,714
Total Preferred & Common Equity		 11,030 10,624 12,098 12,654 12,777 13,804 13,935 13,718 14,301 15,406 15,714
Total Common Equity		 11,030 10,624 12,098 12,654 12,777 13,804 13,935 13,718 14,301 15,406 15,714
Common Stock		 1,807 1,819 1,834 1,843 1,863 1,879 1,899 1,908 1,925 1,940 1,958
Retained Earnings		 12,235 12,018 13,084 13,712 13,897 14,591 14,869 14,644 15,193 16,179 16,848
Treasury Stock		 -2,386 -2,386 -2,385 -2,459 -2,513 -2,516 -2,524 -2,563 -2,568 -2,629 -2,907
Accumulated Other Comprehensive Income / (Loss)		 -626 -827 -435 -442 -470 -150 -309 -271 -249 -84 -185

Annual Metrics And Ratios for Cincinnati Financial

This table displays calculated financial ratios and metrics derived from Cincinnati Financial's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $3.87 $3.59 $6.36 $1.76 $12.24 $7.55 $18.29 ($3.06) $11.74 $14.65 $15.32
Adjusted Weighted Average Basic Shares Outstanding		 164.34M 164.72M 163.99M 162.94M 162.69M 161.20M 160.43M 157.24M 156.67M 156.52M 155.62M
Adjusted Diluted Earnings per Share		 $3.83 $3.55 $6.29 $1.75 $12.10 $7.49 $18.10 ($3.06) $11.66 $14.53 $15.17
Adjusted Weighted Average Diluted Shares Outstanding		 164.34M 164.72M 163.99M 162.94M 162.69M 161.20M 160.43M 157.24M 156.67M 156.52M 155.62M
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		 164.34M 164.72M 163.99M 162.94M 162.69M 161.20M 160.43M 157.24M 156.67M 156.52M 155.62M
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

Quarterly Metrics And Ratios for Cincinnati Financial

This table displays calculated financial ratios and metrics derived from Cincinnati Financial's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 155,617,576.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 155,617,576.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 1.76
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 28.80% 8.19% 31.21% -2.39% 83.93% -24.45% -12.63% 27.83% 12.28% - 11.63%
EBITDA Growth		 75.77% 16.55% 220.45% -38.86% 905.22% -67.37% -108.21% 110.51% 34.01% - 551.85%
EBIT Growth		 74.35% 16.95% 255.60% -42.04% 802.70% -67.85% -113.43% 121.50% 35.87% - 354.69%
NOPAT Growth		 74.35% 16.78% 235.56% -41.57% 891.51% -65.77% -111.87% 119.55% 36.83% - 405.80%
Net Income Growth		 76.20% 16.78% 235.56% -41.57% 928.28% -65.77% -111.92% 119.55% 36.83% - 404.44%
EPS Growth		 76.05% 17.95% 236.62% -41.42% 925.40% -65.69% -111.92% 119.19% 36.73% - 407.02%
Operating Cash Flow Growth		 -2.40% -8.56% 41.20% 29.04% 40.31% 11.27% -12.18% -0.13% 22.15% - 111.61%
Free Cash Flow Firm Growth		 -163.20% -109.43% -172.31% -2,022.67% -84.97% -326.49% -1.99% 41.12% 79.32% - -49.15%
Invested Capital Growth		 11.39% 13.26% 16.25% 14.74% 27.71% 14.17% 7.90% 11.24% 10.98% - 13.72%
Revenue Q/Q Growth		 -30.63% 85.87% -12.57% -13.42% 30.71% -23.65% 1.11% 26.67% 14.81% - -7.41%
EBITDA Q/Q Growth		 -119.14% 1,229.85% -34.81% -56.64% 152.10% -54.22% -116.40% 1,212.35% 60.49% - -58.50%
EBIT Q/Q Growth		 -122.22% 1,106.76% -36.04% -59.50% 169.43% -53.94% -126.72% 767.97% 65.26% - -61.19%
NOPAT Q/Q Growth		 -119.40% 1,241.89% -36.18% -58.68% 162.82% -50.61% -122.12% 864.51% 63.80% - -59.47%
Net Income Q/Q Growth		 -118.54% 1,294.95% -36.18% -58.68% 162.82% -50.61% -122.22% 861.11% 63.80% - -59.47%
EPS Q/Q Growth		 -118.64% 1,288.89% -36.18% -58.58% 162.63% -50.58% -122.18% 861.40% 63.82% - -59.21%
Operating Cash Flow Q/Q Growth		 13.04% -11.23% -38.82% 110.20% 22.91% -29.61% -51.71% 139.03% 50.34% - -30.73%
Free Cash Flow Firm Q/Q Growth		 -1,804.80% 73.72% -238.10% -26.94% -64.01% 39.41% 19.15% 26.72% 42.40% - -31.81%
Invested Capital Q/Q Growth		 -3.40% 12.87% 4.28% 0.92% 7.52% 0.90% -1.45% 4.04% 7.27% - -1.18%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 -7.45% 45.30% 33.78% 16.92% 32.63% 19.56% -3.17% 27.86% 38.94% - 12.84%
EBIT Margin		 -8.23% 44.58% 32.61% 15.26% 31.45% 18.97% -5.01% 26.44% 38.06% - 11.44%
Profit (Net Income) Margin		 -5.51% 35.40% 25.84% 12.33% 24.80% 16.04% -3.53% 21.18% 30.22% - 9.61%
Tax Burden Percent		 66.89% 79.40% 79.22% 80.83% 78.85% 84.55% 70.31% 80.12% 79.41% - 84.05%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% - 100.00%
Effective Tax Rate		 0.00% 20.60% 20.78% 19.17% 21.15% 15.45% 0.00% 19.88% 20.59% - 15.95%
Return on Invested Capital (ROIC)		 -5.13% 28.87% 21.88% 10.23% 22.93% 13.03% -2.72% 17.07% 23.47% - 7.94%
ROIC Less NNEP Spread (ROIC-NNEP)		 -4.60% 28.87% 21.88% 10.23% 22.93% 13.03% -2.77% 17.07% 23.47% - 7.94%
Return on Net Nonoperating Assets (RNNOA)		 -0.40% 2.25% 1.65% 0.75% 1.64% 0.88% -0.18% 1.11% 1.41% - 0.48%
Return on Equity (ROE)		 -5.53% 31.11% 23.53% 10.97% 24.57% 13.90% -2.91% 18.18% 24.88% - 8.41%
Cash Return on Invested Capital (CROIC)		 4.57% 2.65% 3.83% 3.11% -0.88% 3.27% 2.69% 1.98% 3.30% - 4.84%
Operating Return on Assets (OROA)		 -2.70% 14.21% 10.82% 4.89% 11.21% 6.18% -1.54% 8.34% 11.80% - 3.75%
Return on Assets (ROA)		 -1.81% 11.28% 8.58% 3.95% 8.84% 5.23% -1.08% 6.68% 9.37% - 3.15%
Return on Common Equity (ROCE)		 -5.53% 31.11% 23.53% 10.97% 24.57% 13.90% -2.91% 18.18% 24.88% - 8.41%
Return on Equity Simple (ROE_SIMPLE)		 15.75% 0.00% 18.75% 16.83% 22.24% 0.00% 10.55% 12.73% 13.77% - 17.54%
Net Operating Profit after Tax (NOPAT)		 -104 1,183 755 312 820 405 -90 685 1,122 - 274
NOPAT Margin		 -5.76% 35.40% 25.84% 12.33% 24.80% 16.04% -3.51% 21.18% 30.22% - 9.61%
Net Nonoperating Expense Percent (NNEP)		 -0.52% 0.00% 0.00% 0.00% 0.00% 0.00% 0.05% 0.00% 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%
Operating Expenses to Revenue		 108.23% 55.42% 67.39% 84.74% 68.55% 81.03% 105.01% 73.56% 61.94% - 88.56%
Earnings before Interest and Taxes (EBIT)		 -148 1,490 953 386 1,040 479 -128 855 1,413 - 326
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -134 1,514 987 428 1,079 494 -81 901 1,446 - 366
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.47 1.31 1.54 1.45 1.54 1.61 1.69 1.63 1.60 - 1.56
Price to Tangible Book Value (P/TBV)		 1.47 1.31 1.54 1.45 1.54 1.61 1.69 1.63 1.60 - 1.56
Price to Revenue (P/Rev)		 1.61 1.59 1.83 1.75 1.76 1.99 2.12 2.00 2.06 - 1.90
Price to Earnings (P/E)		 9.33 8.59 8.21 8.60 6.93 9.80 15.98 12.79 11.65 - 8.88
Dividend Yield		 2.95% 2.97% 2.46% 2.64% 2.34% 2.25% 2.23% 2.26% 2.16% - 2.26%
Earnings Yield		 10.71% 11.65% 12.18% 11.63% 14.44% 10.20% 6.26% 7.82% 8.58% - 11.26%
Enterprise Value to Invested Capital (EV/IC)		 1.36 1.22 1.46 1.36 1.39 1.51 1.58 1.53 1.48 - 1.46
Enterprise Value to Revenue (EV/Rev)		 1.61 1.59 1.85 1.76 1.68 1.98 2.11 1.99 2.01 - 1.88
Enterprise Value to EBITDA (EV/EBITDA)		 7.17 6.61 6.44 6.65 5.09 7.48 11.97 9.68 8.75 - 6.72
Enterprise Value to EBIT (EV/EBIT)		 7.57 6.94 6.67 6.93 5.27 7.82 12.94 10.31 9.22 - 7.04
Enterprise Value to NOPAT (EV/NOPAT)		 9.32 8.57 8.32 8.64 6.64 9.75 15.89 12.73 11.38 - 8.76
Enterprise Value to Operating Cash Flow (EV/OCF)		 7.40 7.70 9.16 8.01 7.89 8.44 8.82 8.89 8.60 - 6.99
Enterprise Value to Free Cash Flow (EV/FCFF)		 31.29 48.74 40.95 46.83 0.00 49.24 60.82 81.00 47.25 - 32.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.08 0.07 0.07 0.07 0.06 0.06 0.06 0.06 0.06 - 0.06
Long-Term Debt to Equity		 0.08 0.07 0.07 0.07 0.06 0.06 0.06 0.06 0.06 - 0.06
Financial Leverage		 0.09 0.08 0.08 0.07 0.07 0.07 0.07 0.06 0.06 - 0.06
Leverage Ratio		 2.95 2.76 2.74 2.78 2.78 2.66 2.69 2.72 2.66 - 2.67
Compound Leverage Factor		 2.95 2.76 2.74 2.78 2.78 2.66 2.69 2.72 2.66 - 2.67
Debt to Total Capital		 7.56% 6.74% 6.45% 6.40% 5.95% 5.91% 6.02% 5.82% 5.42% - 5.33%
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%
Long-Term Debt to Total Capital		 7.56% 6.74% 6.45% 6.40% 5.95% 5.91% 6.02% 5.82% 5.42% - 5.33%
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%
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%
Common Equity to Total Capital		 92.44% 93.26% 93.55% 93.60% 94.05% 94.09% 93.98% 94.18% 94.58% - 94.67%
Debt to EBITDA		 0.40 0.37 0.28 0.31 0.22 0.29 0.46 0.37 0.32 - 0.25
Net Debt to EBITDA		 -0.01 -0.01 0.08 0.04 -0.22 -0.04 -0.07 -0.05 -0.21 - -0.09
Long-Term Debt to EBITDA		 0.40 0.37 0.28 0.31 0.22 0.29 0.46 0.37 0.32 - 0.25
Debt to NOPAT		 0.52 0.47 0.37 0.41 0.28 0.38 0.61 0.49 0.42 - 0.32
Net Debt to NOPAT		 -0.02 -0.02 0.11 0.05 -0.29 -0.05 -0.09 -0.06 -0.27 - -0.12
Long-Term Debt to NOPAT		 0.52 0.47 0.37 0.41 0.28 0.38 0.61 0.49 0.42 - 0.32
Noncontrolling Interest Sharing Ratio		 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)		 -1,279 -336 -1,136 -1,442 -2,365 -1,433 -1,159 -849 -489 - -1,728
Operating Cash Flow to CapEx		 32,500.00% 7,212.50% 5,042.86% 14,840.00% 15,200.00% 16,050.00% 10,333.33% 18,525.00% 22,280.00% - 32,800.00%
Free Cash Flow to Firm to Interest Expense		 -98.35 -24.00 -87.38 -103.00 -181.92 -110.23 -89.12 -60.64 -37.62 - -132.92
Operating Cash Flow to Interest Expense		 50.00 41.21 27.15 53.00 70.15 49.38 23.85 52.93 85.69 - 50.46
Operating Cash Flow Less CapEx to Interest Expense		 49.85 40.64 26.62 52.64 69.69 49.08 23.62 52.64 85.31 - 50.31
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.33 0.32 0.33 0.32 0.36 0.33 0.31 0.32 0.31 - 0.33
Fixed Asset Turnover		 48.17 48.58 51.97 51.54 58.46 53.48 51.12 54.42 56.19 - 59.88
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 11,493 12,972 13,527 13,651 14,678 14,810 14,596 15,185 16,289 - 16,598
Invested Capital Turnover		 0.89 0.82 0.85 0.83 0.92 0.81 0.78 0.81 0.78 - 0.83
Increase / (Decrease) in Invested Capital		 1,175 1,519 1,891 1,754 3,185 1,838 1,069 1,534 1,611 - 2,002
Enterprise Value (EV)		 15,584 15,792 19,737 18,593 20,389 22,354 22,990 23,166 24,146 - 24,160
Market Capitalization		 15,614 15,825 19,483 18,490 21,267 22,462 23,122 23,277 24,723 - 24,486
Book Value per Share		 $67.73 $77.10 $80.83 $81.61 $88.35 $89.15 $87.64 $91.50 $98.52 - $100.98
Tangible Book Value per Share		 $67.73 $77.10 $80.83 $81.61 $88.35 $89.15 $87.64 $91.50 $98.52 - $100.98
Total Capital		 11,493 12,972 13,527 13,651 14,678 14,810 14,596 15,185 16,289 - 16,598
Total Debt		 869 874 873 874 874 875 878 884 883 - 884
Total Long-Term Debt		 869 874 873 874 874 875 878 884 883 - 884
Net Debt		 -30 -33 254 103 -878 -108 -132 -111 -577 - -326
Capital Expenditures (CapEx)		 2.00 8.00 7.00 5.00 6.00 4.00 3.00 4.00 5.00 - 2.00
Net Nonoperating Expense (NNE)		 -4.60 0.00 0.00 0.00 0.00 0.00 0.40 0.00 0.00 - 0.00
Net Nonoperating Obligations (NNO)		 869 874 873 874 874 875 878 884 883 - 884
Total Depreciation and Amortization (D&A)		 14 24 34 42 39 15 47 46 33 - 40
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.63) $7.54 $4.82 $1.99 $5.25 $2.59 ($0.57) $4.38 $7.19 $4.32 $1.77
Adjusted Weighted Average Basic Shares Outstanding		 156.91M 156.67M 156.56M 156.24M 156.32M 156.52M 156.30M 156.38M 156.02M 155.62M 154.69M
Adjusted Diluted Earnings per Share		 ($0.63) $7.49 $4.78 $1.98 $5.20 $2.57 ($0.57) $4.34 $7.11 $4.29 $1.75
Adjusted Weighted Average Diluted Shares Outstanding		 156.91M 156.67M 156.56M 156.24M 156.32M 156.52M 156.30M 156.38M 156.02M 155.62M 154.69M
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		 156.91M 156.67M 156.56M 156.24M 156.32M 156.52M 156.30M 156.38M 156.02M 155.62M 154.69M
Normalized Net Operating Profit after Tax (NOPAT)		 323 1,691 1,243 841 1,359 999 402 1,253 1,721 - 916
Normalized NOPAT Margin		 17.95% 50.60% 42.54% 33.26% 41.08% 39.58% 15.74% 38.75% 46.34% - 32.15%
Pre Tax Income Margin		 -8.23% 44.58% 32.61% 15.26% 31.45% 18.97% -5.01% 26.44% 38.06% - 11.44%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -11.38 106.43 73.31 27.57 80.00 36.85 -9.85 61.07 108.69 - 25.08
NOPAT to Interest Expense		 -7.97 84.50 58.08 22.29 63.08 31.15 -6.89 48.93 86.31 - 21.08
EBIT Less CapEx to Interest Expense		 -11.54 105.86 72.77 27.21 79.54 36.54 -10.08 60.79 108.31 - 24.92
NOPAT Less CapEx to Interest Expense		 -8.12 83.93 57.54 21.93 62.62 30.85 -7.12 48.64 85.92 - 20.92
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 26.60% 24.63% 19.55% 21.94% 15.67% 21.38% 34.49% 27.86% 24.36% - 19.33%
Augmented Payout Ratio		 31.26% 28.27% 24.48% 27.62% 19.61% 26.88% 40.91% 30.44% 29.41% - 31.74%

Financials Breakdown Chart

Key Financial Trends

Cincinnati Financial Corp (CINF) has shown a generally solid balance sheet and ongoing cash generation over the last four years, but results have been notably influenced by one-time items such as restructuring charges and capital gains on investments. The four most recent quarters (through Q4 2025) illustrate a mix of steady insurance-related revenue and occasional volatility from investment activity and charges. Below are the key takeaways organized by likely impact on investors.

  • Strong quarterly earnings in 2025 driven by investment gains: Q3 2025 net income attributable to common shareholders was $1.122B with an EPS of $7.19, and Q4 2025 net income was $676M with an EPS of $4.32, reflecting substantial capital gains in certain periods.
  • Healthy balance sheet capitalization: In 2025, total assets approached $40.6B and total equity around $15.4B (Q3 2025), with Liabilities about $25.2B, indicating solid capitalization and an approximate 38% equity ratio.
  • Consistent cash flow from operations: The company generated solid cash flow from continuing operating activities in 2025 (e.g., about $1.11B in Q3 2025 and $0.95B in Q4 2025), demonstrating durable cash generation from core operations.
  • Regular dividend per share maintained: Cash dividends per share are around $0.87 in multiple quarters, providing a steady income stream for shareholders.
  • Credit profile and debt levels appear manageable: Long-term debt remains modest (roughly $0.87B–$0.89B in recent periods), with interest expense in the low teens of millions per quarter, suggesting modest leverage within a strong market position.
  • Premiums and core insurance revenue remain solid: Quarterly premiums earned typically range around $2.3B–$2.6B, with total revenue in the $2.5B–$3.7B band in 2025, reflecting a stable insurance business base.
  • Significant one-time restructuring charges in 2025: Restructuring charges have been substantial in several quarters (e.g., Q4 2025: $759M; Q3 2025: $754M; Q2 2025: $709M; Q4 2024: $703M). These charges depress recurring earnings and contribute to volatility in quarterly results.
  • Net income volatility due to investment gains: Large swings in net income are driven by net realized & unrealized capital gains on investments (e.g., peak gains in 2025 quarters), which can distort quarterly earnings and reduce predictability outside of investment cycles.
  • Quarterly earnings dip in early 2025: Q1 2025 shows negative net income attributable to common shareholders (approximately -$90M), highlighting near-term earnings volatility despite a stronger trend later in the year.

Overall, Cincinnati Financial’s core insurance operations and cash generation remain solid, with a strong balance sheet and attractive dividend, but the near-term earnings trajectory is heavily impacted by non-operating items such as restructuring charges and investment gains. Investors should consider both the stable cash flow and the potential for earnings volatility driven by market-driven gains and one-time charges when evaluating CINF's prospects.

05/15/26 05:59 AM ETAI Generated. May Contain Errors.

Cincinnati Financial Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Cincinnati Financial's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Cincinnati Financial's net income appears to be on an upward trend, with a most recent value of $2.39 billion in 2025, rising from $634 million in 2015. The previous period was $2.29 billion in 2024. Check out Cincinnati Financial's forecast to explore projected trends and price targets.

Over the last 10 years, Cincinnati Financial's total revenue changed from $5.09 billion in 2015 to $12.58 billion in 2025, a change of 147.2%.

Cincinnati Financial's total liabilities were at $25.09 billion at the end of 2025, a 11.2% increase from 2024, and a 101.4% increase since 2015.

In the past 10 years, Cincinnati Financial's cash and equivalents has ranged from $544 million in 2015 to $1.43 billion in 2025, and is currently $1.43 billion as of their latest financial filing in 2025.


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Financial statements for NASDAQ:CINF last updated on 4/28/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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