Document


	Cincinnati Financial Corporation
	Supplemental Financial Data
	for the period ending March 31, 2026

		Page
	Definitions of Non-GAAP Information and Reconciliation to Comparable GAAP Measures	3

Consolidated


	CFC and Subsidiaries Consolidation – Three Months Ended March 31, 2026	4


Consolidated Property Casualty Insurance Operations
	Losses Incurred Detail	5
	Loss Ratio Detail	6
	Loss Claim Count Detail	7

	Quarterly Property Casualty Data – Commercial Lines	8
	Quarterly Property Casualty Data – Personal Lines and Excess & Surplus Lines	9

	Loss and Loss Expense Analysis – Three Months Ended March 31, 2026	10

Reconciliation Data
	Quarterly Property Casualty Data – Consolidated	11
	Quarterly Property Casualty Data – Commercial Lines	12
	Quarterly Property Casualty Data – Personal Lines	13
	Quarterly Property Casualty Data – Excess & Surplus Lines	14

Statutory Statements of Income
	Consolidated Cincinnati Insurance Companies Statutory Statements of Income	15
	The Cincinnati Life Insurance Company Statutory Statements of Income	16

Other
	Quarterly Data – Other	17

Management uses certain non-GAAP financial measures to evaluate its primary business areas – property casualty insurance, life insurance and investments. Management uses these measures when analyzing both GAAP and non-GAAP results to improve its understanding of trends in the underlying business and to help avoid incorrect or misleading assumptions and conclusions about the success or failure of company strategies. Management adjustments to GAAP measures generally: apply to non-recurring events that are unrelated to business performance and distort short-term results; involve values that fluctuate based on events outside of management’s control; supplement reporting segment disclosures with disclosures for a subsidiary company or for a combination of subsidiaries or reporting segments; or relate to accounting refinements that affect comparability between periods, creating a need to analyze data on the same basis.

•Non-GAAP operating income: Non-GAAP operating income is calculated by excluding investment gains and losses (defined as investment gains and losses after applicable federal and state income taxes) and other significant non-recurring items from net income. Management evaluates non-GAAP operating income to measure the success of pricing, rate and underwriting strategies. While investment gains (or losses) are integral to the company’s insurance operations over the long term, the determination to realize investment gains or losses on fixed-maturity securities sold in any period may be subject to management’s discretion and is independent of the insurance underwriting process. Also, under applicable GAAP accounting requirements, gains and losses are recognized from certain changes in market values of securities without actual realization. Management believes that the level of investment gains or losses for any particular period, while it may be material, may not fully indicate the performance of ongoing underlying business operations in that period.

•Value creation ratio: This is a measure of shareholder value creation that management believes captures the contribution of the company’s insurance operations, the success of its investment strategy and the importance placed on paying cash dividends to shareholders. The value creation ratio measure is made up of two primary components: (1) rate of growth in book value per share plus (2) the ratio of dividends declared per share to beginning book value per share. Management believes this measure is useful, providing a meaningful measure of long-term progress in creating shareholder value. It is intended to be all-inclusive regarding changes in book value per share, and uses originally reported book value per share in cases where book value per share has been adjusted, such as adoption of Accounting Standards Updates with a cumulative effect of a change in accounting.


Cincinnati Financial Corporation and Subsidiaries
Consolidated Statements of Income for the Three Months Ended March 31, 2026

(Dollars in millions)	CFC		CONSOL P&C		CLIC		CFC-I		ELIM		Total
Revenues
Premiums earned:
Property casualty	$	—	$	2,615	$	—	$	—	$	—	$	2,615
Life	—		—		105		—		—		105
Premiums ceded	—		(96)		(20)		—		—		(116)
Total earned premium	—		2,519		85		—		—		2,604
Investment income, net of expenses	37		228		54		—		(1)		318
Investment gains and losses, net	(127)		58		—		—		(1)		(70)
Fee revenues	—		4		1		—		—		5
Other revenues	4		4		—		3		(5)		6
Total revenues	$	(86)	$	2,813	$	140	$	3	$	(7)	$	2,863

Benefits & expenses
Losses & contract holders' benefits	$	—	$	1,676	$	99	$	—	$	—	$	1,775
Reinsurance recoveries	—		(9)		(15)		—		—		(24)
Underwriting, acquisition and insurance expenses	—		741		23		—		—		764
Interest expense	13		—		—		1		(1)		13
Other operating expenses	12		2		—		1		(6)		9
Total expenses	$	25	$	2,410	$	107	$	2	$	(7)	$	2,537

Income (Loss) before income taxes	$	(111)	$	403	$	33	$	1	$	—	$	326

Provision (benefit) for income taxes
Current operating income	$	53	$	86	$	8	$	—	$	—	$	147
Capital gains/losses	(26)		13		—		—		—		(13)
Deferred	(54)		(27)		(1)		—		—		(82)
Total provision (benefit) for income taxes	$	(27)	$	72	$	7	$	—	$	—	$	52

Net income (loss) - current year	$	(84)	$	331	$	26	$	1	$	—	$	274

Net income (loss) - prior year	$	(70)	$	(42)	$	21	$	1	$	—	$	(90)
*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.
Consolidated property casualty data includes results from our Cincinnati Re operations and Cincinnati Global.


Consolidated Property Casualty
Losses Incurred Detail
(Dollars in millions)	Three months ended													Six months ended			Nine months ended			Twelve months ended
	12/31/26	9/30/26	6/30/26	3/31/26		12/31/25		9/30/25		6/30/25		3/31/25		6/30/26	6/30/25		9/30/26	9/30/25		12/31/26	12/31/25
Consolidated
Current accident year losses greater than $5 million				$	8	$	27	$	48	$	15	$	26		$	41		$	89		$	116
Current accident year losses $2 million - $5 million				20		61		35		40		20			60			95			156
Large loss prior accident year reserve development				50		40		49		27		56			83			132			172
Total large losses incurred				$	78	$	128	$	132	$	82	$	102		$	184		$	316		$	444
Losses incurred but not reported				219		164		158		213		279			492			650			814
Other losses excluding catastrophe losses				838		786		831		741		688			1,429			2,260			3,046
Catastrophe losses				266		18		83		280		558			838			921			939
Total losses incurred				$	1,401	$	1,096	$	1,204	$	1,316	$	1,627		$	2,943		$	4,147		$	5,243
Commercial Lines
Current accident year losses greater than $5 million				$	—	$	11	$	48	$	5	$	7		$	12		$	60		$	71
Current accident year losses $2 million - $5 million				5		34		12		22		15			37			49			83
Large loss prior accident year reserve development				35		37		47		14		44			58			105			142
Total large losses incurred				$	40	$	82	$	107	$	41	$	66		$	107		$	214		$	296
Losses incurred but not reported				94		44		67		106		163			269			336			380
Other losses excluding catastrophe losses				441		408		405		383		318			701			1,106			1,514
Catastrophe losses				117		5		29		83		40			123			152			157
Total losses incurred				$	692	$	539	$	608	$	613	$	587		$	1,200		$	1,808		$	2,347
Personal Lines
Current accident year losses greater than $5 million				$	8	$	16	$	—	$	10	$	19		$	29		$	29		$	45
Current accident year losses $2 million - $5 million				15		25		23		18		5			23			46			71
Large loss prior accident year reserve development				15		3		2		13		12			25			27			30
Total large losses incurred				$	38	$	44	$	25	$	41	$	36		$	77		$	102		$	146
Losses incurred but not reported				71		39		32		37		74			111			143			182
Other losses excluding catastrophe losses				282		298		316		257		254			511			827			1,125
Catastrophe losses				144		6		54		186		405			591			645			651
Total losses incurred				$	535	$	387	$	427	$	521	$	769		$	1,290		$	1,717		$	2,104
Excess & Surplus Lines
Current accident year losses greater than $5 million				$	—	$	—	$	—	$	—	$	—		$	—		$	—		$	—
Current accident year losses $2 million - $5 million				—		2		—		—		—			—			—			2
Large loss prior accident year reserve development				—		—		—		—		—			—			—			—
Total large losses incurred				$	—	$	2	$	—	$	—	$	—		$	—		$	—		$	2
Losses incurred but not reported				38		24		16		31		46			77			93			117
Other losses excluding catastrophe losses				40		48		59		42		24			66			125			173
Catastrophe losses				1		(1)		—		3		—			3			3			2
Total losses incurred				$	79	$	73	$	75	$	76	$	70		$	146		$	221		$	294
*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. The sum of quarterly amounts may not equal the full year as each is computed independently.
Consolidated property casualty data includes results from our Cincinnati Re operations and Cincinnati Global.


Consolidated Property Casualty
Loss Ratio Detail
	Three months ended													Six months ended			Nine months ended			Twelve months ended
	12/31/26	9/30/26	6/30/26	3/31/26		12/31/25		9/30/25		6/30/25		3/31/25		6/30/26	6/30/25		9/30/26	9/30/25		12/31/26	12/31/25
Consolidated
Current accident year losses greater than $5 million				0.3	%	1.1	%	1.9	%	0.6	%	1.2	%		0.9	%		1.3	%		1.2	%
Current accident year losses $2 million - $5 million				0.8		2.4		1.4		1.7		0.9			1.3			1.3			1.6
Large loss prior accident year reserve development				2.0		1.6		2.0		1.1		2.4			1.8			1.8			1.8
Total large loss ratio				3.1	%	5.1	%	5.3	%	3.4	%	4.5	%		4.0	%		4.4	%		4.6	%
Losses incurred but not reported				8.7		6.5		6.4		8.9		12.3			10.5			9.1			8.4
Other losses excluding catastrophe losses				33.2		31.4		33.4		30.9		30.4			30.6			31.6			31.6
Catastrophe losses				10.6		0.7		3.4		11.7		24.6			18.0			12.9			9.7
Total loss ratio				55.6	%	43.7	%	48.5	%	54.9	%	71.8	%		63.1	%		58.0	%		54.3	%
Commercial Lines
Current accident year losses greater than $5 million				—	%	0.9	%	3.9	%	0.5	%	0.6	%		0.5	%		1.7	%		1.5	%
Current accident year losses $2 million - $5 million				0.4		2.7		1.0		1.8		1.2			1.5			1.3			1.7
Large loss prior accident year reserve development				2.8		3.0		3.8		1.2		3.8			2.5			2.9			2.9
Total large loss ratio				3.2	%	6.6	%	8.7	%	3.5	%	5.6	%		4.5	%		5.9	%		6.1	%
Losses incurred but not reported				7.6		3.6		5.4		8.7		13.9			11.3			9.3			7.8
Other losses excluding catastrophe losses				35.5		32.8		33.0		31.6		26.8			29.3			30.5			31.2
Catastrophe losses				9.5		0.4		2.4		6.8		3.4			5.1			4.2			3.2
Total loss ratio				55.8	%	43.4	%	49.5	%	50.6	%	49.7	%		50.2	%		49.9	%		48.3	%
Personal Lines
Current accident year losses greater than $5 million				0.9	%	1.8	%	—	%	1.3	%	2.8	%		2.0	%		1.3	%		1.4	%
Current accident year losses $2 million - $5 million				1.8		2.8		2.9		2.2		0.7			1.5			2.0			2.2
Large loss prior accident year reserve development				1.8		0.4		0.2		1.5		1.8			1.6			1.1			0.9
Total large loss ratio				4.5	%	5.0	%	3.1	%	5.0	%	5.3	%		5.1	%		4.4	%		4.5	%
Losses incurred but not reported				8.1		4.5		3.8		4.7		10.5			7.4			6.1			5.7
Other losses excluding catastrophe losses				32.3		34.8		37.5		32.0		36.4			34.1			35.4			35.2
Catastrophe losses				16.4		0.8		6.5		23.1		57.9			39.3			27.5			20.4
Total loss ratio				61.3	%	45.1	%	50.9	%	64.8	%	110.1	%		85.9	%		73.4	%		65.8	%
Excess & Surplus Lines
Current accident year losses greater than $5 million				—	%	—	%	—	%	—	%	—	%		—	%		—	%		—	%
Current accident year losses $2 million - $5 million				—		1.1		—		—		—			—			—			0.3
Large loss prior accident year reserve development				—		(0.1)		—		—		—			—			—			—
Total large loss ratio				—	%	1.0	%	—	%	—	%	—	%		—	%		—	%		0.3	%
Losses incurred but not reported				20.8		12.7		9.2		18.1		28.1			23.0			18.3			16.8
Other losses excluding catastrophe losses				22.1		26.0		33.6		24.4		14.8			19.7			24.4			24.8
Catastrophe losses				0.7		(0.6)		—		1.3		0.2			0.8			0.5			0.2
Total loss ratio				43.6	%	39.1	%	42.8	%	43.8	%	43.1	%		43.5	%		43.2	%		42.1	%
*Certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts.
Consolidated property casualty data includes results from our Cincinnati Re operations and Cincinnati Global.


Consolidated Property Casualty
Loss Claim Count Detail
	Three months ended								Six months ended		Nine months ended		Twelve months ended
	12/31/26	9/30/26	6/30/26	3/31/26	12/31/25	9/30/25	6/30/25	3/31/25	6/30/26	6/30/25	9/30/26	9/30/25	12/31/26	12/31/25
Consolidated
Current accident year reported losses greater than $5 million				1	3	6	2	3		5		12		15
Current accident year reported losses $2 million - $5 million				7	21	17	14	7		21		32		53
Prior accident year reported losses on large losses				17	15	11	13	15		28		39		54
Non-Catastrophe reported losses on large losses total				25	39	34	29	25		54		83		122
Commercial Lines
Current accident year reported losses greater than $5 million				—	2	6	1	1		2		9		10
Current accident year reported losses $2 million - $5 million				2	11	9	7	5		12		16		28
Prior accident year reported losses on large losses				13	14	11	10	11		21		32		46
Non-Catastrophe reported losses on large losses total				15	27	26	18	17		35		57		84
Personal Lines
Current accident year reported losses greater than $5 million				1	1	—	1	2		3		3		5
Current accident year reported losses $2 million - $5 million				5	9	8	7	2		9		16		24
Prior accident year reported losses on large losses				4	1	—	3	4		7		7		8
Non-Catastrophe reported losses on large losses total				10	11	8	11	8		19		26		37
Excess & Surplus Lines
Current accident year reported losses greater than $5 million				—	—	—	—	—		—		—		—
Current accident year reported losses $2 million - $5 million				—	1	—	—	—		—		—		1
Prior accident year reported losses on large losses				—	—	—	—	—		—		—		—
Non-Catastrophe reported losses on large losses total				—	1	—	—	—		—		—		1
*The sum of quarterly amounts may not equal the full year as each is computed independently.


Quarterly Property Casualty Data - Commercial Lines

(Dollars in millions)	Three months ended																		Six months ended				Nine months ended				Twelve months ended
	12/31/26	9/30/26	6/30/26	3/31/26			12/31/25			9/30/25			6/30/25			3/31/25			6/30/26	6/30/25			9/30/26	9/30/25			12/31/26	12/31/25
Commercial casualty:
Net written premiums				$	451		$	394		$	372		$	428		$	443			$	871			$	1,244			$	1,638
Year over year change %- written premium				2		%	2		%	2		%	9		%	6		%		8		%		6		%		5		%
Earned premiums				$	405		$	409		$	403		$	402		$	387			$	789			$	1,192			$	1,601
Current accident year before catastrophe losses				77.0		%	86.9		%	74.8		%	72.3		%	72.8		%		72.6		%		73.3		%		76.8		%
Current accident year catastrophe losses				—			—			—			—			—				—				—				—
Prior accident years before catastrophe losses				(0.7)			(0.2)			6.0			(0.4)			(0.3)				(0.4)				1.8				1.3
Prior accident years catastrophe losses				—			—			—			—			—				—				—				—
Total loss and loss expense ratio				76.3		%	86.7		%	80.8		%	71.9		%	72.5		%		72.2		%		75.1		%		78.1		%
Commercial property:
Net written premiums				$	427		$	395		$	422		$	428		$	411			$	839			$	1,260			$	1,655
Year over year change %- written premium				4		%	3		%	8		%	9		%	14		%		11		%		10		%		8		%
Earned premiums				$	415		$	410		$	405		$	399		$	389			$	787			$	1,192			$	1,602
Current accident year before catastrophe losses				43.8		%	23.9		%	37.2		%	40.2		%	43.5		%		41.8		%		40.2		%		36.0		%
Current accident year catastrophe losses				28.7			1.6			8.6			21.5			13.3				17.5				14.5				11.2
Prior accident years before catastrophe losses				(7.0)			(3.6)			(8.2)			(9.5)			(5.3)				(7.4)				(7.7)				(6.7)
Prior accident years catastrophe losses				(0.3)			0.3			(1.2)			(0.6)			(3.6)				(2.1)				(1.8)				(1.2)
Total loss and loss expense ratio				65.2		%	22.2		%	36.4		%	51.6		%	47.9		%		49.8		%		45.2		%		39.3		%
Commercial auto:
Net written premiums				$	299		$	240		$	243		$	271		$	283			$	555			$	797			$	1,037
Year over year change %- written premium				6		%	8		%	9		%	9		%	9		%		10		%		9		%		9		%
Earned premiums				$	259		$	258		$	253		$	247		$	241			$	489			$	742			$	1,000
Current accident year before catastrophe losses				67.7		%	66.5		%	64.7		%	65.0		%	68.6		%		66.8		%		66.1		%		66.2		%
Current accident year catastrophe losses				0.5			0.1			0.8			0.8			1.8				1.3				1.1				0.8
Prior accident years before catastrophe losses				0.7			2.5			4.1			7.2			2.9				5.1				4.8				4.2
Prior accident years catastrophe losses				—			(0.1)			—			(0.1)			(0.1)				(0.1)				(0.1)				(0.1)
Total loss and loss expense ratio				68.9		%	69.0		%	69.6		%	72.9		%	73.2		%		73.1		%		71.9		%		71.1		%
Workers' compensation:
Net written premiums				$	71		$	53		$	56		$	57		$	79			$	135			$	191			$	244
Year over year change %- written premium				(10)		%	(2)		%	—		%	4		%	—		%		1		%		1		%		—		%
Earned premiums				$	57		$	61		$	61		$	60		$	61			$	121			$	181			$	242
Current accident year before catastrophe losses				98.0		%	96.4		%	94.6		%	97.0		%	95.5		%		96.2		%		95.7		%		95.9		%
Current accident year catastrophe losses				—			—			—			—			—				—				—				—
Prior accident years before catastrophe losses				(15.7)			(32.3)			(28.3)			(27.8)			(18.6)				(23.1)				(24.9)				(26.8)
Prior accident years catastrophe losses				—			—			—			—			—				—				—				—
Total loss and loss expense ratio				82.3		%	64.1		%	66.3		%	69.2		%	76.9		%		73.1		%		70.8		%		69.1		%
Other commercial:
Net written premiums				$	111		$	103		$	105		$	106		$	109			$	215			$	321			$	424
Year over year change %- written premium				2		%	5		%	(1)		%	6		%	3		%		4		%		3		%		3		%
Earned premiums				$	105		$	105		$	107		$	104		$	101			$	205			$	313			$	418
Current accident year before catastrophe losses				51.9		%	53.6		%	51.1		%	50.5		%	45.8		%		48.2		%		49.2		%		50.3		%
Current accident year catastrophe losses				0.1			0.2			—			0.1			0.1				0.1				—				0.1
Prior accident years before catastrophe losses				(12.2)			0.5			2.9			(1.5)			(2.2)				(1.8)				(0.2)				—
Prior accident years catastrophe losses				0.1			—			—			0.1			—				—				—				—
Total loss and loss expense ratio				39.9		%	54.3		%	54.0		%	49.2		%	43.7		%		46.5		%		49.0		%		50.4		%
*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts. The sum of quarterly amounts may not equal the full year as each is computed independently.


Quarterly Property Casualty Data - Personal Lines

(Dollars in millions)	Three months ended																		Six months ended				Nine months ended				Twelve months ended
	12/31/26	9/30/26	6/30/26	3/31/26			12/31/25			9/30/25			6/30/25			3/31/25			6/30/26	6/30/25			9/30/26	9/30/25			12/31/26	12/31/25
Personal auto:
Net written premiums				$	275		$	285		$	328		$	333		$	266			$	599			$	927			$	1,212
Year over year change %- written premium				3		%	6		%	11		%	18		%	23		%		20		%		17		%		14		%
Earned premiums				$	303		$	300		$	295		$	285		$	271			$	556			$	851			$	1,151
Current accident year before catastrophe losses				69.2		%	68.3		%	67.8		%	67.8		%	71.2		%		69.5		%		68.9		%		68.8		%
Current accident year catastrophe losses				1.1			0.1			1.1			3.2			3.0				3.1				2.4				1.8
Prior accident years before catastrophe losses				3.2			1.9			1.9			—			(0.8)				(0.4)				0.4				0.8
Prior accident years catastrophe losses				—			—			—			—			(0.3)				(0.2)				(0.1)				(0.1)
Total loss and loss expense ratio				73.5		%	70.3		%	70.8		%	71.0		%	73.1		%		72.0		%		71.6		%		71.3		%
Homeowner:
Net written premiums				$	406		$	446		$	518		$	532		$	320			$	852			$	1,370			$	1,816
Year over year change %- written premium				27		%	13		%	17		%	23		%	6		%		16		%		16		%		16		%
Earned premiums				$	469		$	459		$	444		$	425		$	338			$	763			$	1,208			$	1,667
Current accident year before catastrophe losses				41.1		%	38.1		%	37.6		%	38.8		%	53.4		%		45.2		%		42.4		%		41.2		%
Current accident year catastrophe losses				30.2			1.8			12.9			44.3			122.5				79.0				54.7				40.1
Prior accident years before catastrophe losses				(2.8)			0.5			0.9			(3.0)			(2.0)				(2.6)				(1.3)				(0.8)
Prior accident years catastrophe losses				(0.3)			(0.8)			(1.6)			(3.0)			(3.5)				(3.2)				(2.6)				(2.1)
Total loss and loss expense ratio				68.2		%	39.6		%	49.8		%	77.1		%	170.4		%		118.4		%		93.2		%		78.4		%
Other personal:
Net written premiums				$	94		$	96		$	105		$	115		$	86			$	201			$	306			$	402
Year over year change %- written premium				9		%	8		%	12		%	12		%	13		%		12		%		12		%		11		%
Earned premiums				$	101		$	100		$	99		$	94		$	89			$	183			$	281			$	381
Current accident year before catastrophe losses				62.0		%	55.5		%	58.8		%	58.3		%	76.2		%		67.0		%		64.2		%		61.9		%
Current accident year catastrophe losses				4.0			6.3			6.9			6.8			1.1				4.0				5.0				5.3
Prior accident years before catastrophe losses				(1.0)			14.3			12.5			7.4			3.7				5.6				8.0				9.7
Prior accident years catastrophe losses				(1.0)			—			(0.8)			(0.1)			(0.4)				(0.2)				(0.5)				(0.3)
Total loss and loss expense ratio				64.0		%	76.1		%	77.4		%	72.4		%	80.6		%		76.4		%		76.7		%		76.6		%

Quarterly Property Casualty Data - Excess & Surplus Lines

(Dollars in millions)	Three months ended																		Six months ended				Nine months ended				Twelve months ended
	12/31/26	9/30/26	6/30/26	3/31/26			12/31/25			9/30/25			6/30/25			3/31/25			6/30/26	6/30/25			9/30/26	9/30/25			12/31/26	12/31/25
Excess & Surplus:
Net written premiums				$	182		$	184		$	175		$	202		$	168			$	370			$	545			$	729
Year over year change %- written premium				8		%	8		%	11		%	12		%	15		%		13		%		13		%		11		%
Earned premiums				$	180		$	188		$	174		$	174		$	162			$	336			$	510			$	698
Current accident year before catastrophe losses				64.6		%	58.4		%	64.1		%	64.9		%	65.6		%		65.2		%		64.8		%		63.1		%
Current accident year catastrophe losses				1.1			(0.4)			0.2			1.6			0.8				1.2				0.9				0.5
Prior accident years before catastrophe losses				(4.1)			(0.3)			(2.1)			(2.7)			(5.0)				(3.8)				(3.2)				(2.5)
Prior accident years catastrophe losses				(0.4)			(0.2)			(0.1)			(0.3)			(0.5)				(0.3)				(0.3)				(0.2)
Total loss and loss expense ratio				61.2		%	57.5		%	62.1		%	63.5		%	60.9		%		62.3		%		62.2		%		60.9		%
*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts. The sum of quarterly amounts may not equal the full year as each is computed independently.



Consolidated Property Casualty Loss and Loss Expense Analysis

(Dollars in millions)							Change in		Change in		Change in		Total						Loss
	Paid		Paid loss		Total		case		IBNR		loss expense		change in		Case		IBNR		expense		Total
	losses		expense		paid		reserves		reserves		reserves		reserves		incurred		incurred		incurred		incurred
Gross loss and loss expense incurred for the three months ended March 31, 2026
Commercial casualty	$	220	$	55	$	275	$	(37)	$	52	$	19	$	34	$	183	$	52	$	74	$	309
Commercial property	155		17		172		5		95		5		105		160		95		22		277
Commercial auto	125		22		147		(1)		28		5		32		124		28		27		179
Workers' compensation	28		7		35		3		(1)		8		10		31		(1)		15		45
Other commercial	27		5		32		4		(2)		8		10		31		(2)		13		42
Total commercial lines	555		106		661		(26)		172		45		191		529		172		151		852

Personal auto	152		27		179		7		29		7		43		159		29		34		222
Homeowners	199		28		227		19		63		7		89		218		63		35		316
Other personal	32		3		35		16		18		—		34		48		18		3		69
Total personal lines	383		58		441		42		110		14		166		425		110		72		607

Excess & surplus lines	36		20		56		5		38		12		55		41		38		32		111
Other	79		5		84		3		16		3		22		82		16		8		106
Total property casualty	$	1,053	$	189	$	1,242	$	24	$	336	$	74	$	434	$	1,077	$	336	$	263	$	1,676

Ceded loss and loss expense incurred for the three months ended March 31, 2026
Commercial casualty	$	17	$	1	$	18	$	(14)	$	(1)	$	(4)	$	(19)	$	3	$	(1)	$	(3)	$	(1)
Commercial property	1		—		1		2		4		—		6		3		4		—		7
Commercial auto	—		—		—		—		—		—		—		—		—		—		—
Workers' compensation	2		—		2		(3)		(1)		—		(4)		(1)		(1)		—		(2)
Other commercial	2		—		2		—		(1)		—		(1)		2		(1)		—		1
Total commercial lines	22		1		23		(15)		1		(4)		(18)		7		1		(3)		5

Personal auto	1		—		1		(1)		—		—		(1)		—		—		—		—
Homeowners	13		1		14		(9)		(8)		—		(17)		4		(8)		1		(3)
Other personal	1		—		1		2		—		—		2		3		—		—		3
Total personal lines	15		1		16		(8)		(8)		—		(16)		7		(8)		1		—

Excess & surplus lines	—		—		—		—		1		—		1		—		1		—		1
Other	2		—		2		—		1		—		1		2		1		—		3
Total property casualty	$	39	$	2	$	41	$	(23)	$	(5)	$	(4)	$	(32)	$	16	$	(5)	$	(2)	$	9

Net loss and loss expense incurred for the three months ended March 31, 2026
Commercial casualty	$	203	$	54	$	257	$	(23)	$	53	$	23	$	53	$	180	$	53	$	77	$	310
Commercial property	154		17		171		3		91		5		99		157		91		22		270
Commercial auto	125		22		147		(1)		28		5		32		124		28		27		179
Workers' compensation	26		7		33		6		—		8		14		32		—		15		47
Other commercial	25		5		30		4		(1)		8		11		29		(1)		13		41
Total commercial lines	533		105		638		(11)		171		49		209		522		171		154		847

Personal auto	151		27		178		8		29		7		44		159		29		34		222
Homeowners	186		27		213		28		71		7		106		214		71		34		319
Other personal	31		3		34		14		18		—		32		45		18		3		66
Total personal lines	368		57		425		50		118		14		182		418		118		71		607

Excess & surplus lines	36		20		56		5		37		12		54		41		37		32		110
Other	77		5		82		3		15		3		21		80		15		8		103
Total property casualty	$	1,014	$	187	$	1,201	$	47	$	341	$	78	$	466	$	1,061	$	341	$	265	$	1,667

*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.
Other data includes results from our Cincinnati Re operations and Cincinnati Global.



Quarterly Property Casualty Data - Consolidated

(Dollars in millions)	Three months ended																		Six months ended				Nine months ended				Twelve months ended
	12/31/26	9/30/26	6/30/26	3/31/26			12/31/25			9/30/25			6/30/25			3/31/25			6/30/26	6/30/25			9/30/26	9/30/25			12/31/26	12/31/25
Premiums
Agency renewal written premiums				$	2,045		$	1,939		$	2,037		$	2,135		$	1,912			$	4,047			$	6,084			$	8,023
Agency new business written premiums				339			331			356			404			383				787				1,143				1,474

Other written premiums				284			91			100			194			200				394				494				585
Net written premiums				$	2,668		$	2,361		$	2,493		$	2,733		$	2,495			$	5,228			$	7,721			$	10,082
Unearned premium change				(149)			147			(9)			(336)			(231)				(567)				(576)				(429)
Earned premiums				$	2,519		$	2,508		$	2,484		$	2,397		$	2,264			$	4,661			$	7,145			$	9,653
Year over year change %
Agency renewal written premiums				7		%	10		%	13		%	16		%	14		%		15		%		14		%		13		%
Agency new business written premiums				(11)			(13)			(12)			(1)			11				5				(1)				(4)

Other written premiums				42			(11)			9			(7)			(9)				(8)				(5)				(6)
Net written premiums				7			5			9			11			11				11				10				9
Paid losses and loss expenses
Losses paid				$	1,014		$	942		$	1,039		$	1,049		$	1,203			$	2,253			$	3,292			$	4,234
Loss expenses paid				187			187			178			197			196				392				570				757
Loss and loss expenses paid				$	1,201		$	1,129		$	1,217		$	1,246		$	1,399			$	2,645			$	3,862			$	4,991
Incurred losses and loss expenses
Loss and loss expense incurred				$	1,667		$	1,397		$	1,464		$	1,587		$	1,887			$	3,474			$	4,938			$	6,335
Loss and loss expenses paid as a % of incurred				72.0		%	80.8		%	83.1		%	78.5		%	74.1		%		76.1		%		78.2		%		78.8		%
Statutory combined ratio
Loss ratio				56.3		%	43.7		%	49.5		%	55.4		%	72.4		%		63.6		%		58.7		%		54.9		%
Loss adjustment expense ratio				10.8			12.4			10.9			11.6			11.7				11.7				11.4				11.6
Net underwriting expense ratio				28.5			30.2			28.3			26.4			28.2				27.3				27.6				28.2
US Statutory combined ratio				95.6		%	86.3		%	88.7		%	93.4		%	112.3		%		102.6		%		97.7		%		94.7		%
Contribution from catastrophe losses				11.0			0.7			4.0			11.9			25.2				18.4				13.4				10.1
Statutory combined ratio excl. catastrophe losses				84.6		%	85.6		%	84.7		%	81.5		%	87.1		%		84.2		%		84.3		%		84.6		%
GAAP combined ratio
GAAP combined ratio				95.6		%	85.2		%	88.2		%	94.9		%	113.3		%		103.8		%		98.4		%		94.9		%
Contribution from catastrophe losses				10.8			1.0			3.7			12.2			25.0				18.4				13.3				10.1
GAAP combined ratio excl. catastrophe losses				84.8		%	84.2		%	84.5		%	82.7		%	88.3		%		85.4		%		85.1		%		84.8		%
Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts. The sum of quarterly amounts may not equal the full year as each is computed independently. nm - Not meaningful *Statutory data prepared in accordance with statutory accounting rules as defined by the National Association of Insurance Commissioners and filed with the appropriate regulatory bodies. Statutory ratios exclude the results of Cincinnati Global. Consolidated property casualty data includes the results of Cincinnati Re and Cincinnati Global.



Quarterly Property Casualty Data - Commercial Lines

(Dollars in millions)	Three months ended																		Six months ended				Nine months ended				Twelve months ended
	12/31/26	9/30/26	6/30/26	3/31/26			12/31/25			9/30/25			6/30/25			3/31/25			6/30/26	6/30/25			9/30/26	9/30/25			12/31/26	12/31/25
Premiums
Agency renewal written premiums				$	1,184		$	1,039		$	1,043		$	1,116		$	1,152			$	2,268			$	3,311			$	4,350
Agency new business written premiums				205			180			185			200			203				403				588				768
Other written premiums				(30)			(34)			(30)			(26)			(30)				(56)				(86)				(120)
Net written premiums				$	1,359		$	1,185		$	1,198		$	1,290		$	1,325			$	2,615			$	3,813			$	4,998
Unearned premium change				(118)			58			31			(78)			(146)				(224)				(193)				(135)
Earned premiums				$	1,241		$	1,243		$	1,229		$	1,212		$	1,179			$	2,391			$	3,620			$	4,863
Year over year change %
Agency renewal written premiums				3		%	4		%	6		%	9		%	7		%		8		%		7		%		6		%
Agency new business written premiums				1			1			(1)			4			12				7				5				4
Other written premiums				—			8			17			13			14				14				15				13
Net written premiums				3			4			5			9			8				9				7				7
Paid losses and loss expenses
Losses paid				$	533		$	481		$	497		$	493		$	403			$	897			$	1,393			$	1,876
Loss expenses paid				105			104			102			110			109				218				321				426
Loss and loss expenses paid				$	638		$	585		$	599		$	603		$	512			$	1,115			$	1,714			$	2,302
Incurred losses and loss expenses
Loss and loss expense incurred				$	847		$	721		$	747		$	767		$	735			$	1,502			$	2,249			$	2,970
Loss and loss expenses paid as a % of incurred				75.3		%	81.1		%	80.2		%	78.6		%	69.7		%		74.2		%		76.2		%		77.5		%
Statutory combined ratio
Loss ratio				55.8		%	43.4		%	49.5		%	50.7		%	49.7		%		50.2		%		50.0		%		48.2		%
Loss adjustment expense ratio				12.5			14.5			11.3			12.7			12.6				12.6				12.2				12.8
Net underwriting expense ratio				27.7			31.4			30.9			28.3			26.9				27.6				28.6				29.3
Statutory combined ratio				96.0		%	89.3		%	91.7		%	91.7		%	89.2		%		90.4		%		90.8		%		90.3		%
Contribution from catastrophe losses				9.6			0.6			2.6			7.0			3.6				5.4				4.4				3.5
Statutory combined ratio excl. catastrophe losses				86.4		%	88.7		%	89.1		%	84.7		%	85.6		%		85.0		%		86.4		%		86.8		%
GAAP combined ratio
GAAP combined ratio				98.6		%	88.4		%	91.1		%	92.9		%	91.9		%		92.4		%		92.0		%		91.1		%
Contribution from catastrophe losses				9.6			0.6			2.6			7.0			3.6				5.4				4.4				3.5
GAAP combined ratio excl. catastrophe losses				89.0		%	87.8		%	88.5		%	85.9		%	88.3		%		87.0		%		87.6		%		87.6		%
Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts. The sum of quarterly amounts may not equal the full year as each is computed independently. nm - Not meaningful *Statutory data prepared in accordance with statutory accounting rules as defined by the National Association of Insurance Commissioners and filed with the appropriate regulatory bodies.



Quarterly Property Casualty Data - Personal Lines

(Dollars in millions)	Three months ended																		Six months ended				Nine months ended				Twelve months ended
	12/31/26	9/30/26	6/30/26	3/31/26			12/31/25			9/30/25			6/30/25			3/31/25			6/30/26	6/30/25			9/30/26	9/30/25			12/31/26	12/31/25
Premiums
Agency renewal written premiums				$	726		$	764		$	864		$	866		$	634			$	1,500			$	2,364			$	3,128
Agency new business written premiums				76			92			116			141			127				268				384				476
Other written premiums				(27)			(29)			(29)			(27)			(89)				(116)				(145)				(174)
Net written premiums				$	775		$	827		$	951		$	980		$	672			$	1,652			$	2,603			$	3,430
Unearned premium change				98			32			(113)			(176)			26				(150)				(263)				(231)
Earned premiums				$	873		$	859		$	838		$	804		$	698			$	1,502			$	2,340			$	3,199
Year over year change %
Agency renewal written premiums				15		%	22		%	24		%	27		%	28		%		28		%		26		%		25		%
Agency new business written premiums				(40)			(40)			(30)			(13)			4				(6)				(15)				(21)
Other written premiums				70			(12)			(4)			(8)			(324)				(152)				(96)				(74)
Net written premiums				15			10			14			20			13				17				16				14
Paid losses and loss expenses
Losses paid				$	368		$	346		$	424		$	446		$	609			$	1,055			$	1,479			$	1,824
Loss expenses paid				57			58			52			63			64				127				179				237
Loss and loss expenses paid				$	425		$	404		$	476		$	509		$	673			$	1,182			$	1,658			$	2,061
Incurred losses and loss expenses
Loss and loss expense incurred				$	607		$	468		$	507		$	598		$	846			$	1,444			$	1,951			$	2,419
Loss and loss expenses paid as a % of incurred				70.0		%	86.3		%	93.9		%	85.1		%	79.6		%		81.9		%		85.0		%		85.2		%
Statutory combined ratio
Loss ratio				61.3		%	45.1		%	50.9		%	64.8		%	110.1		%		85.9		%		73.4		%		65.8		%
Loss adjustment expense ratio				8.2			9.5			9.5			9.6			11.0				10.3				10.0				9.9
Net underwriting expense ratio				30.2			28.2			25.9			24.7			31.2				27.3				26.8				27.1
Statutory combined ratio				99.7		%	82.8		%	86.3		%	99.1		%	152.3		%		123.5		%		110.2		%		102.8		%
Contribution from catastrophe losses				16.8			1.3			7.1			23.8			58.7				40.0				28.3				21.0
Statutory combined ratio excl. catastrophe losses				82.9		%	81.5		%	79.2		%	75.3		%	93.6		%		83.5		%		81.9		%		81.8		%
GAAP combined ratio
GAAP combined ratio				96.8		%	81.5		%	88.2		%	102.0		%	151.3		%		124.9		%		111.8		%		103.6		%
Contribution from catastrophe losses				16.8			1.3			7.1			23.8			58.7				40.0				28.3				21.0
GAAP combined ratio excl. catastrophe losses				80.0		%	80.2		%	81.1		%	78.2		%	92.6		%		84.9		%		83.5		%		82.6		%
Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts. The sum of quarterly amounts may not equal the full year as each is computed independently. nm - Not meaningful *Statutory data prepared in accordance with statutory accounting rules as defined by the National Association of Insurance Commissioners and filed with the appropriate regulatory bodies.



Quarterly Property Casualty Data - Excess & Surplus Lines

(Dollars in millions)	Three months ended																		Six months ended				Nine months ended				Twelve months ended
	12/31/26	9/30/26	6/30/26	3/31/26			12/31/25			9/30/25			6/30/25			3/31/25			6/30/26	6/30/25			9/30/26	9/30/25			12/31/26	12/31/25
Premiums
Agency renewal written premiums				$	135		$	136		$	130		$	153		$	126			$	279			$	409			$	545
Agency new business written premiums				58			59			55			63			53				116				171				230
Other written premiums				(11)			(11)			(10)			(14)			(11)				(25)				(35)				(46)
Net written premiums				$	182		$	184		$	175		$	202		$	168			$	370			$	545			$	729
Unearned premium change				(2)			4			(1)			(28)			(6)				(34)				(35)				(31)
Earned premiums				$	180		$	188		$	174		$	174		$	162			$	336			$	510			$	698
Year over year change %
Agency renewal written premiums				7		%	2		%	15		%	10		%	12		%		11		%		12		%		9		%
Agency new business written premiums				9			20			2			24			26				25				16				17
Other written premiums				—			—			—			(40)			(22)				(32)				(21)				(15)
Net written premiums				8			8			11			12			15				13				13				11
Paid losses and loss expenses
Losses paid				$	36		$	43		$	42		$	38		$	40			$	78			$	121			$	163
Loss expenses paid				20			19			19			17			18				35				53				72
Loss and loss expenses paid				$	56		$	62		$	61		$	55		$	58			$	113			$	174			$	235
Incurred losses and loss expenses
Loss and loss expense incurred				$	110		$	108		$	108		$	110		$	99			$	209			$	317			$	425
Loss and loss expenses paid as a % of incurred				50.9		%	57.4		%	56.5		%	50.0		%	58.6		%		54.1		%		54.9		%		55.3		%
Statutory combined ratio
Loss ratio				43.6		%	39.1		%	42.8		%	43.8		%	43.1		%		43.4		%		43.2		%		42.1		%
Loss adjustment expense ratio				17.6			18.4			19.2			19.7			17.8				18.8				19.0				18.8
Net underwriting expense ratio				28.6			27.3			26.6			25.3			25.5				25.4				25.8				26.2
Statutory combined ratio				89.8		%	84.8		%	88.6		%	88.8		%	86.4		%		87.6		%		88.0		%		87.1		%
Contribution from catastrophe losses				0.7			(0.6)			0.1			1.3			0.3				0.9				0.6				0.3
Statutory combined ratio excl. catastrophe losses				89.1		%	85.4		%	88.5		%	87.5		%	86.1		%		86.7		%		87.4		%		86.8		%
GAAP combined ratio
GAAP combined ratio				89.3		%	84.7		%	89.8		%	91.1		%	88.3		%		89.8		%		89.8		%		88.4		%
Contribution from catastrophe losses				0.7			(0.6)			0.1			1.3			0.3				0.9				0.6				0.3
GAAP combined ratio excl. catastrophe losses				88.6		%	85.3		%	89.7		%	89.8		%	88.0		%		88.9		%		89.2		%		88.1		%
Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts. The sum of quarterly amounts may not equal the full year as each is computed independently. nm - Not meaningful *Statutory data prepared in accordance with statutory accounting rules as defined by the National Association of Insurance Commissioners and filed with the appropriate regulatory bodies.


Consolidated Cincinnati Insurance Companies
Statutory Statements of Income

	For the Three Months Ended March 31,
(Dollars in millions)		2026		2025		Change		% Change
Underwriting income
Net premiums written		$	2,570	$	2,420	$	150	6
Unearned premium change		124		220		(96)		(44)
Earned premiums		$	2,446	$	2,200	$	246	11

Losses incurred		$	1,379	$	1,592	$	(213)	(13)
Defense and cost containment expenses incurred		133		126		7		6
Adjusting and other expenses incurred		131		132		(1)		(1)
Other underwriting expenses incurred		731		681		50		7
Workers compensation dividend incurred		1		1		—		—
Total underwriting deductions		$	2,375	$	2,532	$	(157)	(6)

Net underwriting profit (loss)		$	71	$	(332)	$	403	nm

Investment income
Gross investment income earned		$	212	$	184	$	28	15
Net investment income earned		209		181		28		15
Net realized capital gains and losses, net		167		—		167		nm
Net investment gains (net of tax)		$	376	$	181	$	195	108

Other income		$	2	$	2	$	—	—

Net income (loss) before federal income taxes		$	449	$	(149)	$	598	nm
Federal and foreign income taxes incurred		28		(62)		90		nm
Net income (loss) (statutory)		$	421	$	(87)	$	508	nm

Policyholders' surplus - statutory		$	9,860	$	8,553	$	1,307	15

Fixed maturities at amortized cost - statutory		$	14,359	$	12,508	$	1,851	15
Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. nm - Not meaningful *Statutory data prepared in accordance with statutory accounting rules as defined by the National Association of Insurance Commissioners and filed with the appropriate regulatory bodies.


The Cincinnati Life Insurance Company
Statutory Statements of Income

	For the Three Months Ended March 31,
(Dollars in millions)		2026		2025		Change		% Change
Net premiums written		$	87	$	79	$	8	10
Net investment income		54		50		4		8

Commissions and expense allowances on reinsurance ceded		1		1		—		—
Income from fees associated with separate accounts		1		1		—		—
Total revenues		$	143	$	131	$	12	9

Death benefits and matured endowments		$	49	$	56	$	(7)	(13)
Annuity benefits		20		23		(3)		(13)

Surrender benefits and group conversions		12		10		2		20
Interest and adjustments on deposit-type contract funds		1		2		(1)		(50)
Increase in aggregate reserves for life and accident and health contracts		(2)		(9)		7		78
Total benefit expenses		$	80	$	82	$	(2)	(2)

Commissions		$	13	$	12	$	1	8
General insurance expenses and taxes		15		15		—		—
Increase in loading on deferred and uncollected premiums		1		3		(2)		(67)
Net transfers from separate accounts		(1)		(8)		7		88

Total underwriting expenses		$	28	$	22	$	6	27

Federal and foreign income taxes incurred		7		6		1		17

Net gain from operations before capital gains and losses		$	28	$	21	$	7	33

Gains and losses net of capital gains tax, net		(1)		(1)		—		—

Net income (statutory)		$	27	$	20	$	7	35

Policyholders' surplus - statutory		$	621	$	527	$	94	18

Fixed maturities at amortized cost - statutory		$	3,933	$	3,828	$	105	3
Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. nm - Not meaningful *Statutory data prepared in accordance with statutory accounting rules as defined by the National Association of Insurance Commissioners and filed with the appropriate regulatory bodies.



Quarterly Data - Other

(Dollars in millions)	Three months ended																		Six months ended				Nine months ended				Twelve months ended
	12/31/26	9/30/26	6/30/26	3/31/26			12/31/25			9/30/25			6/30/25			3/31/25			6/30/26	6/30/25			9/30/26	9/30/25			12/31/26	12/31/25
Cincinnati Re:
Net written premiums				$	254		$	86		$	87		$	164		$	255			$	418			$	505			$	591
Year over year change %- written premium				—		%	(13)		%	(2)		%	(21)		%	26		%		2		%		1		%		(1)		%
Earned premiums				$	152		$	138		$	141		$	142		$	161			$	303			$	444			$	582
Current accident year before catastrophe losses				46.7		%	52.7		%	52.9		%	56.2		%	46.6		%		51.1		%		51.7		%		51.9		%
Current accident year catastrophe losses				8.1			(0.8)			3.6			(0.6)			66.3				34.9				25.0				18.9
Prior accident years before catastrophe losses				3.2			(5.3)			(0.9)			5.7			(4.5)				0.3				(0.1)				(1.3)
Prior accident years catastrophe losses				(6.5)			0.4			(2.1)			(1.2)			(2.4)				(1.8)				(1.9)				(1.4)
Total loss and loss expense ratio				51.5		%	47.0		%	53.5		%	60.1		%	106.0		%		84.5		%		74.7		%		68.1		%

Cincinnati Global:
Net written premiums				$	98		$	79		$	82		$	97		$	75			$	173			$	255			$	334
Year over year change %- written premium				31		%	3		%	6		%	45		%	(9)		%		16		%		13		%		10		%
Earned premiums				$	73		$	80		$	102		$	65		$	64			$	129			$	231			$	311
Current accident year before catastrophe losses				42.5		%	35.6		%	35.1		%	41.8		%	39.3		%		40.6		%		38.2		%		37.5		%
Current accident year catastrophe losses				2.4			14.3			0.5			3.7			31.4				17.4				9.9				11.0
Prior accident years before catastrophe losses				(12.0)			(1.7)			(10.1)			(22.4)			(0.2)				(11.4)				(10.8)				(8.5)
Prior accident years catastrophe losses				0.4			(4.0)			(0.1)			17.3			(13.9)				1.8				0.9				(0.3)
Total loss and loss expense ratio				33.3		%	44.2		%	25.4		%	40.4		%	56.6		%		48.4		%		38.2		%		39.7		%

Noninsurance operations:
Interest and fees on loans and leases				$	3		$	3		$	3		$	2		$	3			$	5			$	8			$	11
Other revenue				3			3			3			3			1				4				7				10
Interest expense				13			13			13			14			13				27				40				53
Operating expenses				9			7			6			10			11				21				27				34
Total noninsurance operations loss				$	(16)		$	(14)		$	(13)		$	(19)		$	(20)			$	(39)			$	(52)			$	(66)

*Dollar amounts shown are in conformity with GAAP and rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts. The sum of quarterly amounts may not equal the full year as each is computed independently.
*Noninsurance operations include the noninvestment operations of the parent company and a noninsurance subsidiary, CFC Investment Company.


Investor Contact:	Media Contact:	Shareholder Contact:
Dennis E. McDaniel	Betsy E. Ertel	Brandon McIntosh
513-870-2768	513-603-5323	513-870-2696


	A.M. Best Company	Fitch Ratings	Moody's Investor Service	S&P Global Ratings
Cincinnati Financial Corporation
Corporate Debt	a	A	A3	BBB+

The Cincinnati Insurance Companies
Insurer Financial Strength

Property Casualty Group
Standard Market Subsidiaries:	A+	AA-	A1	A+
The Cincinnati Insurance Company	A+	AA-	A1	A+
The Cincinnati Indemnity Company	A+	AA-	A1	A+
The Cincinnati Casualty Company	A+	AA-	A1	A+
Surplus Lines Subsidiary:
The Cincinnati Specialty Underwriters Insurance Company	A+	—	—	—

The Cincinnati Life Insurance Company	A+	AA-	—	A+