Cincinnati Financial Corporation

CINF

$174.72

+1.76%

2026-09-03 16:00:01 EDT+$3.03

Financial Services

Insurance - Property & Casualty

NASDAQ

Active Trading

Cincinnati Financial Corporation, operating through its various subsidiaries, delivers a range of property and casualty insurance offerings across the United States. Its ...

Price Action of CINF

$174.72

+1.76%+$3.03

High—

Low—

52W High-10.3%

Rel. vol—

Interval

Range6.5h

Volume—SMA5SMA10

—

Cincinnati Financial Corporation (CFC) is a prominent insurance holding company headquartered in Fairfield, Ohio, with a rich history dating back to 1950. Founded by John J. Schiff Sr. and Robert C. Schiff Sr., the company has grown into a Fortune 500 entity with a market capitalization of approximately $27 billion ...Cincinnati Financial Corporation (CFC) is a prominent insurance holding company headquartered in Fairfield, Ohio, with a rich history dating back to 1950. Founded by John J. Schiff Sr. and Robert C. Schiff Sr., the company has grown into a Fortune 500 entity with a market capitalization of approximately $27 billion as of the latest data. CFC operates primarily through its lead subsidiary, The Cincinnati Insurance Company, which is renowned for its selective underwriting and strong relationships with independent insurance agents. The company's business is organized into five key segments: Commercial Lines, Personal Lines, Excess and Surplus Lines, Life Insurance, and Investments. Commercial Lines provides coverage for businesses including commercial casualty, property damage, vehicle incidents, workers' compensation, director and officer liability, surety and fidelity bonds, and machinery coverage. Personal Lines offers auto, home, dwelling fire, inland marine, personal umbrella, and watercraft insurance to individuals. Excess and Surplus Lines focuses on commercial casualty and property insurance for niche risks. Life Insurance provides term life, universal life, worksite life, and whole life policies. The Investments segment manages a diversified portfolio of fixed-maturity securities and equities, contributing to the company's overall financial stability. As of December 2023, CFC employed 5,426 people, but current data indicates 5,705 full-time employees. The company is led by CEO Stephen M. Spray, who has been with the firm since 1990 and was appointed CEO in 2022. CFC is known for its consistent dividend payments, having increased dividends for over 50 consecutive years. With a beta of 0.553, the stock is considered less volatile than the market. The company's financial performance is robust, with a net profit margin of 23.8% and a return on equity of 20.9% over the trailing twelve months. CFC's long-term strategy focuses on organic growth through premium rate increases, new business from independent agents, and prudent investment management. The company's commitment to policyholder service and financial integrity has earned it recognition, such as being named one of America's Best Insurance Companies by Forbes. Overall, Cincinnati Financial Corporation stands as a pillar of stability in the insurance industry, dedicated to delivering quality protection and generating shareholder value.ExpandCollapse

Founded

1950

Employees

5705

CEO

Stephen Michael Spray

Full Name

Cincinnati Financial Corporation

Sector

Financial Services

Industry

Insurance - Property & Casualty

ROE

20.89%

Market Cap

$26.82B

Current Ratio

1.90

WACC

7.06%

ROIC

17.56%

Contact Information

https://www.cinfin.com

513 870 2000

6200 South Gilmore Road, Fairfield, OH 45014-5141

Key Metrics of CINF

Snapshot

Latest / TTM · 6 periods

Market Cap

$26.82B

ROCE

18.9%

EV / EBITDA

5.94x

+5.6% YoY

FCF Yield

12.7%

+0.7% YoY

Cash Conversion Cycle

115.9d

Current Ratio

1.90

Quick take

TTM —

Positive CCC

Financial Highlights of CINF

Profitability trend

Latest / TTM · 6 periods

Gross Margin

52.3%

Net Margin

23.8%

P/E Ratio

8.21x

n/a

Debt / Equity

0.05

n/a

Current Ratio

1.90

Dividend Yield

2.1%

Understanding

TTM —

No major balance sheet stress in these headline ratios.

Calendar of CINF

Upcoming

Sep 23, 2026In 19 days
Ex-dividend date
$3.62 per share
Sep 30, 2026In 26 days
Q3 FY2026 · Estimated results
Est. EPS $1.93 · Revenue $2.64B · 6 analysts
Oct 15, 2026In 41 days
Dividend payment
$3.62 per share
Oct 26, 2026In 52 days
Q3 FY2026 · Earnings report
Est. EPS $1.88

Recent history

Jul 27, 2026
Q2 FY2026 · Results reported
EPS $8.05 · Revenue $4.27B
View filing
Apr 27, 2026
Q1 FY2026 · Results reported
EPS $1.75 · Revenue $2.86B
View filing
Feb 23, 2026
FY2025 · Annual results
EPS $15.17 · Revenue $12.63B
View filing
Oct 27, 2025
Q3 FY2025 · Results reported
EPS $7.11 · Revenue $3.73B
View filing
Jul 28, 2025
Q2 FY2025 · Results reported
EPS $4.34 · Revenue $3.25B
View filing
Mar 31, 2025
Q1 FY2025 · Results reported
EPS $-0.58 · Revenue $2.57B

Financial Statements of CINF

Next Earnings Date

Oct 26, 2026

EPS Est. 1.88 · Fiscal period ending 2026-09-30

D-52

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$12.6B	+11.4%	+49.3%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$2.4B	+4.4%	+358.0%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	+47.4%	-4.0%	+43.4%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	+23.6%	-6.4%	+223.8%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	+18.9%	-6.3%	+206.8%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$3.1B	+17.7%	+7.3%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	+24.5%	+5.6%	-28.1%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	5.6%	-11.3%	-6.6%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	1.29x	-1.8%	+546.6%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$41.0B	+12.3%	+4.5%

Actual vs Estimate

A Dec 31Q Sep 30

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	15.17 vs 7.49	+102.5%	8.05 vs 1.93	+316.8%
Revenue Surprise	$12.6B vs $9.9B	+27.1%	$4.3B vs $2.6B	+61.9%

Insider Transactions of CINF

Acquisitions (A)

Since May 11, 2026

Disposals (D)

Since May 11, 2026

Monthly shares of acquisitions/disposals with close price trend (shared daily price source)

Insider Trading Snapshot

Date	Executive	Title	Security	Side	Shares	Price
Aug 25, 2026	Debbink Dirk J	director	Common Stock	A	1,000	$171.64
Aug 3, 2026	Schiff Charles Odell	director	Common Stock	D	7,600	$175.40
Jun 19, 2026	Franchetti Lisa Marie	—	—	—	0	—
Jun 8, 2026	KELLINGTON JOHN S	officer: EVP, Chief Info Off. -Sub	Common Stock	A	24,221	$85.67
Jun 8, 2026	KELLINGTON JOHN S	officer: EVP, Chief Info Off. -Sub	Common Stock	D	17,536	$163.73

Earnings Call Transcript of CINF

1 transcript segments

Q2 2026

Unknown Speaker

Operator : Good day, everyone, and thank you for joining the Cincinnati Financial Corporation Second Quarter 2026 Earnings Conference Call. [Operator Instructions] Today's session is being recorded. It is my pleasure to turn the floor over for opening remarks and introductions to Mr. Dennis McDaniel, Investor Relations. Please go ahead, sir. Dennis McDaniel : Hello. This is Dennis McDaniel at Cincinnati Financial. Thank you for joining us for our second quarter 2026 earnings conference call. Late yesterday, we issued a news release on our results, along with our supplemental financial package, including our quarter end investment portfolio. To find copies of any of these documents, please visit our investor website, investors.cinfin.com. The shortest route to the information is the Quarterly Results section near the middle of the Investor Overview page. On this call, you'll first hear from President and Chief Executive Officer, Steve Spray; and then from Executive Vice President and Chief Financial Officer, Mike Sewell. After their prepared remarks, investors participating on the call may ask questions. At that time, some responses may be made by others in the room with us, including Executive Chairman, Steve Johnston; Chief Investment Officer, Steve Soloria; and Cincinnati Insurance's Chief Claims Officer, Marc Schambow; and Senior Vice President of Corporate Finance, Andy Schnell. Please note that some of the matters to be discussed today are forward-looking. These forward-looking statements involve certain risks and uncertainties. With respect to these risks and uncertainties, we direct your attention to our news release and to our various filings with the SEC. Also, a reconciliation of non-GAAP measures was provided with the news release. Statutory accounting data is prepared in accordance with statutory accounting rules and therefore, is not reconciled to GAAP. Now I'll turn over the call to Steve. Stephen Spray : Good morning, and thank you for joining us today to hear more about our results. Our second quarter and first half results continue to reflect consistent execution of our strategy, including maintaining pricing discipline in a softening property casualty insurance market. While catastrophe losses for the quarter were modestly higher than our longer-term average, other metrics for our property casualty operations were generally in line with our expectations. Net income of nearly $1.3 billion for the second quarter of 2026 included recognition of $882 million on an after-tax basis for the increase in fair value of equity securities still held. Non-GAAP operating income was $224 million for the quarter compared with $311 million a year ago. The 100.8% second quarter 2026 property casualty combined ratio increased by 5.9 percentage points compared with second quarter last year, including an increase of 2.3 points for catastrophe losses. Our current accident year combined ratio before catastrophe losses for the first 6 months of …

Leadership Team of CINF

12 executives

Name	Title	Compensation	Gender	Year Born	Status
Steven Anthony Soloria	Executive Vice President & Chief Investment Officer	USD 2,050,722	Male	1967	Active
Stephen Michael Spray	President, Chief Executive Officer & Director	USD 1,851,727	Male	1966	Active
Michael James Sewell	Chief Financial Officer, Principal Accounting Officer, Executive Vice President & Treasurer	USD 1,791,322	Male	1964	Active
John Scott Kellington	Chief Information Officer & Executive Vice President of The Cincinnati Insurance Company	USD 1,214,764	Male	1962	Active
Steven Justus Johnston CERA FCAS MAAA	Executive Chairman	USD 1,197,279	Male	1960	Active
Teresa Currin Cracas	Chief Risk Officer & Executive Vice President of The Cincinnati Insurance Company	USD 1,127,866	Female	1966	Active
Robert Phillip Sandercox ARe CPCU	Senior VP, MD & Head of Specialty Casualty Reinsurance	—	Male	1964	Active
William Harold Van Den Heuvel	Executive Vice President	—	Male	1967	Active
Betsy E. Ertel	Vice President of Corporation Communications	—	—	—	Active
Dennis E. McDaniel	Vice President & Investor Relations Officer	—	Male	1960	Active
Donald Joseph Doyle Jr.	Senior Vice President of The Cincinnati Insurance Company	—	Male	1967	Active
Thomas Christopher Hogan	Executive Vice President, Chief Legal Officer & Company Secretary	—	Male	1993	Active

Recent News of CINF

Zacks Investment Research8/7/2026Neutral

CINF Outperforms Industry: What Should Investors Do Now?

Cincinnati Financial's disciplined underwriting, agency-led growth and rising investment income support long-term growth despite catastrophe risks.

Zacks Investment Research8/3/2026Neutral

Why Cincinnati Financial (CINF) is a Great Dividend Stock Right Now

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Cincinnati Financial (CINF) have what it takes?

Seeking Alpha7/29/2026Neutral

Cincinnati Financial: The Equity Portfolio Saved Q2, But Commercial Lines Need Attention

Cincinnati Financial Corporation reported strong Q2 net income driven by $1.3B in pre-tax investment gains, primarily from its sizable equity portfolio. Operating EPS declined to $1.43 as catastrophe losses and weaker Commercial Lines underwriting offset rising recurring investment income. Commercial Lines produced a 104.1% Q2 combined ratio and remained unprofitable for H1, with deterioration extending beyond catastrophe losses.

Zacks Investment Research7/28/2026Neutral

CINF Q2 Earnings Miss Estimates, Revenues Rise Y/Y on Premium Growth

Cincinnati Financial's Q2 results reflected premium growth and higher investment income, but elevated catastrophe losses hurt underwriting and earnings.

Seeking Alpha7/28/2026Neutral

Cincinnati Financial Corporation (CINF) Q2 2026 Earnings Call Transcript

Historical Employee Count of CINF

Current

5,705

Change

+1.44%

Minimum

5,148

Maximum

5,705

Recent Filings

Report Date	Employees	Form Type	Filing Date	SEC Filing
Dec 31, 2025	5,705	10-K	Feb 23, 2026	View
Dec 31, 2024	5,624	10-K	Feb 24, 2025	View
Dec 31, 2023	5,426	10-K	Feb 26, 2024	View
Dec 31, 2022	5,148	10-K	Feb 23, 2023	View
Dec 31, 2021	5,166	10-K	Feb 24, 2022	View

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Cincinnati Financial Corporation