CINF

CINCINNATI FINANCIAL CORP

Ticker: CINFFinancialsProperty & Casualty InsuranceS&P 500
HQ FAIRFIELD, OHCIK 20286FY end 12-31Book / share $106.63Shares 156M
Revenue (FY)
$12.63B+11.41%
TTM $13.95B
Op. margin
12.18%-0.76%
TTM 13.48%
Net income
$2.39B+4.41%
TTM $3.33B
Operating cash
$3.11B+17.48%
TTM $3.42B
Free cash flow
$3.09B+17.70%
TTM $3.40B
Return on equity
15.04%-1.41%
TTM 19.96%
Debt / equity
0.06-0.01%
TTM 0.05
Shares outstanding
157.7M+0.00%
TTM 156.3M

The business

Cincinnati Financial Corporation (NASDAQ: CINF) operates as a property casualty and life insurance holding company through its primary subsidiary, The Cincinnati Insurance Company, founded in 1950. The company maintains its headquarters in Fairfield, Ohio and can be found at investors.cinfin.com.

The company distributes insurance products exclusively through independent insurance agencies across 46 states, representing a fundamental strategic commitment to the independent agency channel. Cincinnati Financial operates five reportable segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. In 2025, Commercial Lines contributed 47.9 percent of net written premiums, Personal Lines contributed 32.8 percent, Excess and Surplus Lines contributed 7.0 percent, and Life Insurance contributed 3.4 percent, with other operations accounting for 8.9 percent.

The company employed 5,705 associates as of year-end 2025, including 3,400 headquarters associates and 2,195 field associates distributed across its operating territories. Cincinnati Financial maintains relationships with 2,292 property casualty agencies operating 3,702 reporting locations. The company's field structure emphasizes local decision-making, with 940 field claims representatives and 2,195 field associates providing direct service to agencies and policyholders.

Cincinnati Financial's insurance subsidiaries include The Cincinnati Casualty Company, The Cincinnati Indemnity Company, The Cincinnati Life Insurance Company, and The Cincinnati Specialty Underwriters Insurance Company. The company also operates Cincinnati Re for reinsurance assumed operations and Cincinnati Global Underwriting Ltd., a London-based specialty underwriter for Lloyd's Syndicate 318. Non-insurance subsidiaries include CSU Producer Resources, offering insurance brokerage services, and CFC Investment Company, providing commercial leasing and financing services.

The company maintains strong financial ratings across major rating agencies, with insurer financial strength ratings of A+ from A.M. Best and S&P Global Ratings, and AA- from Fitch Ratings. Cincinnati Financial's capital management philosophy emphasizes preserving and building capital while maintaining appropriate liquidity, with a debt-to-total-capital ratio of 4.9 percent at year-end 2025.

Sector
Financials
Industry
Property & Casualty Insurance
HQ
FAIRFIELD, OH
FY end
12-31
CIK
20286
SIC
6331
Financial performance · annual
20132025
$-1.93B$2.40B$6.73B$11.07B$15.40B2013201420152016201720182019202020212022202320242025TTMTTMTTM

Ownership

Who holds CINCINNATI FINANCIAL CORP — across funds, superinvestors and bonds · N-PORT 2026Q2 · 13F 2026-06-30

589
funds hold it
0 of 35
superinvestors hold it
$8.98B
fund-held value
33.2%
of shares held by funds
2
bond issues held by funds

Top fund holders

Fund% of fundValue
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.04%$915.39M
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.04%$742.14M
VANGUARD MID-CAP INDEX FUND
VO · VANGUARD INDEX FUNDS
0.28%$624.57M
Schwab U.S. Dividend Equity ETF
SCHD · SCHWAB STRATEGIC TRUST
0.62%$586.58M
iShares Core S&P 500 ETF
IVV · iShares Trust
0.04%$393.96M

Bonds held by funds

Funds report holding 2 issues of CINCINNATI FINANCIAL CORP's debt, $129.39M at fund-held market value — what funds hold, not the company's debt outstanding. Weighted-average coupon 6.50%, maturing 20282034.

IssueCouponMaturesFundsFund-held
Cincinnati Financial Corp6.125%2034-11-0138$68.59M
Cincinnati Financial Corp6.920%2028-05-1534$60.81M

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

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