{ "ticker": "CINF", "cik": "0000020286", "company": "Cincinnati Financial Corporation", "business_type": "insurer", "reporting_currency": "USD", "converted_to_usd": false, "units": "actual US dollars (not millions); share counts in actual shares; per-share amounts in dollars; ratios in percent", "schema_template": "insurer: earned premiums, investment income and investment gains, insurance losses and benefits, underwriting expenses, net income and diluted EPS; total investments, insurance reserves, shareholders' equity and book value per share; consolidated property casualty underwriting profit and GAAP combined ratio; operating, investing and financing cash flows, dividends paid and share repurchases. Revenue, cost of revenue and capital expenditures are not a meaningful frame for a property casualty insurer, so gross profit and free cash flow are not reported.", "units_notes_seen": { "FY2025 10-K consolidated balance sheets": "(Dollars in millions, except per share data)", "FY2025 10-K consolidated statements of income": "(Dollars in millions, except per share data)", "FY2025 10-K consolidated statements of comprehensive income": "(Dollars in millions)", "FY2025 10-K consolidated statements of shareholders' equity (dollar rows)": "(Dollars in millions)", "FY2025 10-K consolidated statements of shareholders' equity (shares outstanding rows)": "(In millions)", "FY2025 10-K consolidated statements of cash flows": "(Dollars in millions)", "FY2025 10-K Note 12, net income per common share": "(In millions, except per share data)", "FY2025 10-K MD&A balance sheet data (book value per share)": "(Dollars in millions, except share data)", "FY2025 10-K MD&A income statement and per share data (dividends declared per share)": "(In millions, except per share data)", "FY2025 10-K MD&A consolidated property casualty results": "(Dollars in millions); ratios as a percent of earned premiums", "Q3 2026 10-Q condensed consolidated balance sheets": "(Dollars in millions, except per share data)", "Q3 2026 10-Q condensed consolidated statements of income": "(Dollars in millions, except per share data)", "Q3 2026 10-Q condensed consolidated statements of comprehensive income": "(Dollars in millions)", "Q3 2026 10-Q condensed consolidated statements of shareholders' equity (dollar rows)": "(Dollars in millions)", "Q3 2026 10-Q condensed consolidated statements of shareholders' equity (shares outstanding and dividends per share rows)": "(In millions, except per common share)", "Q3 2026 10-Q condensed consolidated statements of cash flows": "(Dollars in millions)", "Q3 2026 10-Q Note 10, net income per common share": "(In millions, except per share data)", "Q3 2026 10-Q MD&A balance sheet data (book value per share)": "(Dollars in millions, except share data)", "Q3 2026 10-Q MD&A value creation ratio table (book value per share at September 30, 2025)": "(Dollars are per share)", "Q3 2026 10-Q MD&A consolidated property casualty insurance highlights": "(Dollars in millions); ratios as a percent of earned premiums" }, "adjustments": { "splits_applied": [], "adr_ratio": null, "fx": "none; the company reports in US dollars" }, "annual": [ { "fiscal_year": 2025, "label": "FY2025", "period_start": "2025-01-01", "period_end": "2025-12-31", "period_type": "fiscal year", "source_accession": "0000020286-26-000008", "income_statement": { "earned_premiums": 9983000000, "investment_income_net_of_expenses": 1165000000, "investment_gains_and_losses_net": 1442000000, "fee_revenues": 20000000, "other_revenues": 21000000, "total_revenues": 12631000000, "insurance_losses_and_contract_holders_benefits": 6640000000, "underwriting_acquisition_and_insurance_expenses": 2924000000, "interest_expense": 53000000, "other_operating_expenses": 34000000, "total_benefits_and_expenses": 9651000000, "income_before_income_taxes": 2980000000, "total_provision_for_income_taxes": 587000000, "net_income": 2393000000, "comprehensive_income": 2668000000, "basic_eps": 15.32, "diluted_eps": 15.17, "basic_weighted_average_shares": 156100000, "diluted_shares": 157700000, "dividends_declared_per_share": 3.48 }, "property_casualty_segments_combined": { "net_written_premiums": 10082000000, "earned_premiums": 9653000000, "loss_and_loss_expenses": 6335000000, "underwriting_expenses": 2831000000, "underwriting_profit": 501000000, "combined_ratio_pct": 94.9, "combined_ratio_before_catastrophe_losses_and_prior_years_reserve_development_pct": 86.1 }, "balance_sheet": { "fixed_maturities_at_fair_value": 18123000000, "equity_securities_at_fair_value": 12694000000, "total_investments": 31783000000, "cash_and_cash_equivalents": 1431000000, "total_assets": 41002000000, "loss_and_loss_expense_reserves": 11507000000, "life_policy_and_investment_contract_reserves": 2992000000, "unearned_premiums": 5254000000, "note_payable": 25000000, "long_term_debt_and_lease_obligations": 861000000, "total_liabilities": 25091000000, "total_shareholders_equity": 15911000000, "book_value_per_share": 102.35, "common_shares_outstanding": 155400000 }, "cash_flow": { "operating_cash_flow": 3112000000, "net_cash_used_in_investing_activities": -1691000000, "net_cash_used_in_financing_activities": -973000000, "dividends_paid": -525000000, "share_repurchases": -205000000, "net_change_in_cash_and_cash_equivalents": 448000000 } }, { "fiscal_year": 2024, "label": "FY2024", "period_start": "2024-01-01", "period_end": "2024-12-31", "period_type": "fiscal year", "source_accession": "0000020286-26-000008", "income_statement": { "earned_premiums": 8889000000, "investment_income_net_of_expenses": 1025000000, "investment_gains_and_losses_net": 1391000000, "fee_revenues": 17000000, "other_revenues": 15000000, "total_revenues": 11337000000, "insurance_losses_and_contract_holders_benefits": 5737000000, "underwriting_acquisition_and_insurance_expenses": 2657000000, "interest_expense": 53000000, "other_operating_expenses": 32000000, "total_benefits_and_expenses": 8479000000, "income_before_income_taxes": 2858000000, "total_provision_for_income_taxes": 566000000, "net_income": 2292000000, "comprehensive_income": 2418000000, "basic_eps": 14.65, "diluted_eps": 14.53, "basic_weighted_average_shares": 156400000, "diluted_shares": 157800000, "dividends_declared_per_share": 3.24 }, "property_casualty_segments_combined": { "net_written_premiums": 9243000000, "earned_premiums": 8568000000, "loss_and_loss_expenses": 5436000000, "underwriting_expenses": 2564000000, "underwriting_profit": 580000000, "combined_ratio_pct": 93.4, "combined_ratio_before_catastrophe_losses_and_prior_years_reserve_development_pct": 86.5 }, "balance_sheet": { "fixed_maturities_at_fair_value": 16182000000, "equity_securities_at_fair_value": 11185000000, "total_investments": 28378000000, "cash_and_cash_equivalents": 983000000, "total_assets": 36501000000, "loss_and_loss_expense_reserves": 10003000000, "life_policy_and_investment_contract_reserves": 2960000000, "unearned_premiums": 4813000000, "note_payable": 25000000, "long_term_debt_and_lease_obligations": 850000000, "total_liabilities": 22566000000, "total_shareholders_equity": 13935000000, "book_value_per_share": 89.11, "common_shares_outstanding": 156400000 }, "cash_flow": { "operating_cash_flow": 2649000000, "net_cash_used_in_investing_activities": -1696000000, "net_cash_used_in_financing_activities": -877000000, "dividends_paid": -490000000, "share_repurchases": -126000000, "net_change_in_cash_and_cash_equivalents": 76000000 } }, { "fiscal_year": 2023, "label": "FY2023", "period_start": "2023-01-01", "period_end": "2023-12-31", "period_type": "fiscal year", "source_accession": "0000020286-26-000008", "income_statement": { "earned_premiums": 7958000000, "investment_income_net_of_expenses": 894000000, "investment_gains_and_losses_net": 1127000000, "fee_revenues": 21000000, "other_revenues": 13000000, "total_revenues": 10013000000, "insurance_losses_and_contract_holders_benefits": 5274000000, "underwriting_acquisition_and_insurance_expenses": 2384000000, "interest_expense": 54000000, "other_operating_expenses": 25000000, "total_benefits_and_expenses": 7737000000, "income_before_income_taxes": 2276000000, "total_provision_for_income_taxes": 433000000, "net_income": 1843000000, "comprehensive_income": 2022000000, "basic_eps": 11.74, "diluted_eps": 11.66, "basic_weighted_average_shares": 157000000, "diluted_shares": 158100000, "dividends_declared_per_share": 3 }, "property_casualty_segments_combined": { "net_written_premiums": 8046000000, "earned_premiums": 7645000000, "loss_and_loss_expenses": 4958000000, "underwriting_expenses": 2297000000, "underwriting_profit": 401000000, "combined_ratio_pct": 94.9, "combined_ratio_before_catastrophe_losses_and_prior_years_reserve_development_pct": 88.4 }, "cash_flow": { "operating_cash_flow": 2052000000, "net_cash_used_in_investing_activities": -1608000000, "net_cash_used_in_financing_activities": -801000000, "dividends_paid": -454000000, "share_repurchases": -67000000, "net_change_in_cash_and_cash_equivalents": -357000000 } } ], "quarterly": [ { "fiscal_year": 2026, "fiscal_quarter": 3, "label": "Q3 FY2026", "period_start": "2026-07-01", "period_end": "2026-09-30", "period_type": "three months", "source_accession": "0000020286-26-000060", "income_statement": { "earned_premiums": 2690000000, "investment_income_net_of_expenses": 325000000, "investment_gains_and_losses_net": 20000000, "fee_revenues": 6000000, "other_revenues": 6000000, "total_revenues": 3047000000, "insurance_losses_and_contract_holders_benefits": 1675000000, "underwriting_acquisition_and_insurance_expenses": 799000000, "interest_expense": 12000000, "other_operating_expenses": 8000000, "total_benefits_and_expenses": 2494000000, "income_before_income_taxes": 553000000, "total_provision_for_income_taxes": 94000000, "net_income": 459000000, "comprehensive_income": -357000000, "basic_eps": 2.99, "diluted_eps": 2.96, "basic_weighted_average_shares": 153500000, "diluted_shares": 155100000, "dividends_declared_per_share": 0.94 }, "property_casualty_segments_combined": { "earned_premiums": 2605000000, "loss_and_loss_expenses": 1595000000, "underwriting_expenses": 774000000, "underwriting_profit": 240000000, "combined_ratio_pct": 90.9, "combined_ratio_before_catastrophe_losses_and_prior_years_reserve_development_pct": 83.7 }, "balance_sheet": { "fixed_maturities_at_fair_value": 18925000000, "equity_securities_at_fair_value": 13145000000, "total_investments": 33139000000, "cash_and_cash_equivalents": 1239000000, "total_assets": 42611000000, "loss_and_loss_expense_reserves": 12750000000, "life_policy_and_investment_contract_reserves": 2861000000, "unearned_premiums": 5643000000, "note_payable": 17000000, "long_term_debt_and_lease_obligations": 858000000, "total_liabilities": 26429000000, "total_shareholders_equity": 16182000000, "book_value_per_share": 105.42, "common_shares_outstanding": 153500000 } }, { "fiscal_year": 2025, "fiscal_quarter": 3, "label": "Q3 FY2025", "period_start": "2025-07-01", "period_end": "2025-09-30", "period_type": "three months", "source_accession": "0000020286-26-000060", "income_statement": { "earned_premiums": 2567000000, "investment_income_net_of_expenses": 295000000, "investment_gains_and_losses_net": 853000000, "fee_revenues": 5000000, "other_revenues": 6000000, "total_revenues": 3726000000, "insurance_losses_and_contract_holders_benefits": 1540000000, "underwriting_acquisition_and_insurance_expenses": 754000000, "interest_expense": 13000000, "other_operating_expenses": 6000000, "total_benefits_and_expenses": 2313000000, "income_before_income_taxes": 1413000000, "total_provision_for_income_taxes": 291000000, "net_income": 1122000000, "comprehensive_income": 1287000000, "basic_eps": 7.19, "diluted_eps": 7.11, "basic_weighted_average_shares": 156100000, "diluted_shares": 157800000, "dividends_declared_per_share": 0.87 }, "property_casualty_segments_combined": { "earned_premiums": 2484000000, "loss_and_loss_expenses": 1464000000, "underwriting_expenses": 731000000, "underwriting_profit": 293000000, "combined_ratio_pct": 88.2, "combined_ratio_before_catastrophe_losses_and_prior_years_reserve_development_pct": 84.7 }, "balance_sheet": { "common_shares_outstanding": 156000000, "total_shareholders_equity": 15406000000, "book_value_per_share": 98.76 } } ], "year_to_date": { "label": "Nine months ended September 30, 2026", "period_start": "2026-01-01", "period_end": "2026-09-30", "period_type": "nine months", "source_accession": "0000020286-26-000060", "prior_year_comparative": { "label": "Nine months ended September 30, 2025", "period_start": "2025-01-01", "period_end": "2025-09-30", "period_type": "nine months", "source_accession": "0000020286-26-000060", "income_statement": { "earned_premiums": 7391000000, "investment_income_net_of_expenses": 860000000, "investment_gains_and_losses_net": 1259000000, "fee_revenues": 15000000, "other_revenues": 15000000, "total_revenues": 9540000000, "insurance_losses_and_contract_holders_benefits": 5168000000, "underwriting_acquisition_and_insurance_expenses": 2165000000, "interest_expense": 40000000, "other_operating_expenses": 27000000, "total_benefits_and_expenses": 7400000000, "income_before_income_taxes": 2140000000, "total_provision_for_income_taxes": 423000000, "net_income": 1717000000, "comprehensive_income": 1942000000, "basic_eps": 10.99, "diluted_eps": 10.88, "basic_weighted_average_shares": 156300000, "diluted_shares": 157800000, "dividends_declared_per_share": 2.61 }, "property_casualty_segments_combined": { "earned_premiums": 7145000000, "loss_and_loss_expenses": 4938000000, "underwriting_expenses": 2095000000, "underwriting_profit": 123000000, "combined_ratio_pct": 98.4, "combined_ratio_before_catastrophe_losses_and_prior_years_reserve_development_pct": 86.7 }, "cash_flow": { "operating_cash_flow": 2165000000, "net_cash_used_in_investing_activities": -1017000000, "net_cash_used_in_financing_activities": -671000000, "dividends_paid": -392000000, "share_repurchases": -102000000, "net_change_in_cash_and_cash_equivalents": 477000000 } }, "income_statement": { "earned_premiums": 7929000000, "investment_income_net_of_expenses": 962000000, "investment_gains_and_losses_net": 1258000000, "fee_revenues": 16000000, "other_revenues": 19000000, "total_revenues": 10184000000, "insurance_losses_and_contract_holders_benefits": 5313000000, "underwriting_acquisition_and_insurance_expenses": 2349000000, "interest_expense": 39000000, "other_operating_expenses": 28000000, "total_benefits_and_expenses": 7729000000, "income_before_income_taxes": 2455000000, "total_provision_for_income_taxes": 467000000, "net_income": 1988000000, "comprehensive_income": 1071000000, "basic_eps": 12.88, "diluted_eps": 12.75, "basic_weighted_average_shares": 154300000, "diluted_shares": 155900000, "dividends_declared_per_share": 2.82 }, "property_casualty_segments_combined": { "earned_premiums": 7672000000, "loss_and_loss_expenses": 5070000000, "underwriting_expenses": 2276000000, "underwriting_profit": 337000000, "combined_ratio_pct": 95.8, "combined_ratio_before_catastrophe_losses_and_prior_years_reserve_development_pct": 86.5 }, "cash_flow": { "operating_cash_flow": 2147000000, "net_cash_used_in_investing_activities": -1368000000, "net_cash_used_in_financing_activities": -971000000, "dividends_paid": -418000000, "share_repurchases": -396000000, "net_change_in_cash_and_cash_equivalents": -192000000 } }, "trailing_twelve_months": { "label": "Twelve months ended September 30, 2026", "period_start": "2025-10-01", "period_end": "2026-09-30", "period_type": "trailing twelve months", "source_accession": "0000020286-26-000060", "derivation": "FY2025 (10-K, accession 0000020286-26-000008) plus the nine months ended September 30, 2026 less the nine months ended September 30, 2025 (both from the Q3 2026 10-Q, accession 0000020286-26-000060)", "income_statement": { "earned_premiums": 10521000000, "investment_income_net_of_expenses": 1267000000, "investment_gains_and_losses_net": 1441000000, "total_revenues": 13275000000, "insurance_losses_and_contract_holders_benefits": 6785000000, "income_before_income_taxes": 3295000000, "net_income": 2664000000 }, "property_casualty_segments_combined": { "earned_premiums": 10180000000, "underwriting_profit": 715000000 }, "cash_flow": { "operating_cash_flow": 3094000000, "dividends_paid": -551000000, "share_repurchases": -499000000 } }, "notes": [ "Cincinnati Financial is a property casualty insurer with life insurance and investment operations; the record uses an insurer layout rather than a revenue/cost-of-revenue layout.", "Annual figures for FY2025, FY2024 and FY2023 come from the consolidated statements in the FY2025 Form 10-K (accession 0000020286-26-000008). That 10-K prints balance sheets only at December 31, 2025 and 2024, so FY2023 carries income statement and cash flow figures only.", "Quarterly figures for the three months ended September 30, 2026 and 2025, and the nine-month figures in year_to_date, come from the Q3 2026 Form 10-Q (accession 0000020286-26-000060). The 10-Q's December 31, 2025 balance sheet column matches the 10-K's balance sheet line for line, so it is recorded once, under FY2025.", "The Q3 FY2025 entry has no full balance sheet because the 10-Q does not print one at September 30, 2025. Its shareholders' equity and shares outstanding are the end-of-period amounts in the 10-Q's statement of shareholders' equity, and its book value per share is the end-of-period book value in the 10-Q's value creation ratio table.", "Diluted and basic weighted-average share counts come from the net income per common share note in each filing. Book value per share is as the company reports it in MD&A: total shareholders' equity divided by shares outstanding at the end of the period.", "Dividends declared per share are from the company's per-share tables: the 10-K MD&A income statement and per share data table (annual) and the 10-Q statement of shareholders' equity (quarter and nine months).", "The property_casualty_segments_combined block is the company's consolidated property casualty insurance results (commercial lines, personal lines, excess and surplus lines, Cincinnati Re and Cincinnati Global together), from the MD&A. The combined ratio is the GAAP-basis combined ratio as a percent of earned premiums. Net written premiums are printed in the 10-K for full years only and are not included for the quarters.", "Cash flow amounts keep the filing's signs: dividends paid and share repurchases are outflows and are shown as negative numbers.", "The 10-Q prints cash flows only for the nine-month periods, so no three-month cash flow figures are reported for the quarters; nine-month cash flows are in year_to_date.", "The trailing-twelve-month figures are derived, not printed: FY2025 from the 10-K plus the nine months ended September 30, 2026 less the nine months ended September 30, 2025 from the 10-Q.", "Investment gains and losses, net, include changes in the fair value of equity securities still held, which the company records in net income. They swing widely between periods: $20 million in the third quarter of 2026 against $853 million a year earlier, which drives most of the decline in quarterly total revenues and net income.", "No stock splits, currency conversion or ADR adjustments apply; the company reports in US dollars and its per-share figures are per common share." ], "uncertainties": [ "Trailing-twelve-month figures are arithmetic combinations of three reported periods rather than figures the company prints; no trailing-twelve-month per-share figure is given because per-share amounts do not add across periods.", "Three-month cash flow figures for the third quarters of 2026 and 2025 are not available from the 10-Q, which reports cash flows on a nine-month basis only." ], "headline": { "period": "Q3 FY2026", "period_end_words": "September 30, 2026", "metrics": [ { "label": "Total revenues", "format": "usd", "value": 3047000000, "text": "$3.05 billion", "exact": "$3,047,000,000", "compact": "$3.05B", "abs": "$3.05 billion", "prior_value": 3726000000, "prior": "$3.73 billion", "priorabs": "$3.73 billion", "yoy": "down 18.2%", "source": { "array": "quarterly", "field": "income_statement.total_revenues", "index": 0, "period_label": "Q3 FY2026", "period_end": "2026-09-30", "period_start": "2026-07-01", "span_days": 91, "source_accession": "0000020286-26-000060", "prior_index": 1, "prior_period_label": "Q3 FY2025", "prior_period_end": "2025-09-30", "prior_period_start": "2025-07-01", "prior_span_days": 91, "prior_source_accession": "0000020286-26-000060", "gap_days": 365 } }, { "label": "Net income", "format": "usd", "value": 459000000, "text": "$459 million", "exact": "$459,000,000", "compact": "$459.00M", "abs": "$459 million", "prior_value": 1122000000, "prior": "$1.12 billion", "priorabs": "$1.12 billion", "yoy": "down 59.1%", "source": { "array": "quarterly", "field": "income_statement.net_income", "index": 0, "period_label": "Q3 FY2026", "period_end": "2026-09-30", "period_start": "2026-07-01", "span_days": 91, "source_accession": "0000020286-26-000060", "prior_index": 1, "prior_period_label": "Q3 FY2025", "prior_period_end": "2025-09-30", "prior_period_start": "2025-07-01", "prior_span_days": 91, "prior_source_accession": "0000020286-26-000060", "gap_days": 365 } }, { "label": "Diluted EPS", "format": "eps", "value": 2.96, "text": "$2.96", "exact": "$2.96", "compact": "$2.96", "abs": "$2.96", "prior_value": 7.11, "prior": "$7.11", "priorabs": "$7.11", "yoy": "down 58.4%", "source": { "array": "quarterly", "field": "income_statement.diluted_eps", "index": 0, "period_label": "Q3 FY2026", "period_end": "2026-09-30", "period_start": "2026-07-01", "span_days": 91, "source_accession": "0000020286-26-000060", "prior_index": 1, "prior_period_label": "Q3 FY2025", "prior_period_end": "2025-09-30", "prior_period_start": "2025-07-01", "prior_span_days": 91, "prior_source_accession": "0000020286-26-000060", "gap_days": 365 } }, { "label": "Earned premiums", "format": "usd", "value": 2690000000, "text": "$2.69 billion", "exact": "$2,690,000,000", "compact": "$2.69B", "abs": "$2.69 billion", "prior_value": 2567000000, "prior": "$2.57 billion", "priorabs": "$2.57 billion", "yoy": "up 4.8%", "source": { "array": "quarterly", "field": "income_statement.earned_premiums", "index": 0, "period_label": "Q3 FY2026", "period_end": "2026-09-30", "period_start": "2026-07-01", "span_days": 91, "source_accession": "0000020286-26-000060", "prior_index": 1, "prior_period_label": "Q3 FY2025", "prior_period_end": "2025-09-30", "prior_period_start": "2025-07-01", "prior_span_days": 91, "prior_source_accession": "0000020286-26-000060", "gap_days": 365 } }, { "label": "Investment income", "format": "usd", "value": 325000000, "text": "$325 million", "exact": "$325,000,000", "compact": "$325.00M", "abs": "$325 million", "prior_value": 295000000, "prior": "$295 million", "priorabs": "$295 million", "yoy": "up 10.2%", "source": { "array": "quarterly", "field": "income_statement.investment_income_net_of_expenses", "index": 0, "period_label": "Q3 FY2026", "period_end": "2026-09-30", "period_start": "2026-07-01", "span_days": 91, "source_accession": "0000020286-26-000060", "prior_index": 1, "prior_period_label": "Q3 FY2025", "prior_period_end": "2025-09-30", "prior_period_start": "2025-07-01", "prior_span_days": 91, "prior_source_accession": "0000020286-26-000060", "gap_days": 365 } }, { "label": "Investment gains", "format": "usd", "value": 20000000, "text": "$20 million", "exact": "$20,000,000", "compact": "$20.00M", "abs": "$20 million", "prior_value": 853000000, "prior": "$853 million", "priorabs": "$853 million", "yoy": "down 97.7%", "source": { "array": "quarterly", "field": "income_statement.investment_gains_and_losses_net", "index": 0, "period_label": "Q3 FY2026", "period_end": "2026-09-30", "period_start": "2026-07-01", "span_days": 91, "source_accession": "0000020286-26-000060", "prior_index": 1, "prior_period_label": "Q3 FY2025", "prior_period_end": "2025-09-30", "prior_period_start": "2025-07-01", "prior_span_days": 91, "prior_source_accession": "0000020286-26-000060", "gap_days": 365 } }, { "label": "Combined ratio", "format": "pct", "value": 90.9, "text": "90.9%", "exact": "90.9%", "compact": "90.9%", "abs": "90.9%", "prior_value": 88.2, "prior": "88.2%", "priorabs": "88.2%", "yoy": "up 2.7 points", "source": { "array": "quarterly", "field": "property_casualty_segments_combined.combined_ratio_pct", "index": 0, "period_label": "Q3 FY2026", "period_end": "2026-09-30", "period_start": "2026-07-01", "span_days": 91, "source_accession": "0000020286-26-000060", "prior_index": 1, "prior_period_label": "Q3 FY2025", "prior_period_end": "2025-09-30", "prior_period_start": "2025-07-01", "prior_span_days": 91, "prior_source_accession": "0000020286-26-000060", "gap_days": 365 } } ], "summary": "Cincinnati Financial Corporation reported net income of $459 million, or $2.96 per diluted share, for Q3 FY2026, the quarter ended September 30, 2026, down from $1.12 billion, or $7.11, a year earlier. The decline came mostly from net investment gains, which fell to $20 million from $853 million, pulling total revenues to $3.05 billion, down 18.2%, even as earned premiums rose to $2.69 billion, up 4.8%, and investment income rose to $325 million, up 10.2%. Heavier catastrophe losses lifted the property casualty combined ratio to 90.9% from 88.2%, though the property casualty operations still earned an underwriting profit.", "qa": [ { "q": "How much did Cincinnati Financial earn in Q3 FY2026?", "a": "Cincinnati Financial Corporation reported net income of $459 million, or $2.96 per diluted share, for Q3 FY2026, the quarter ended September 30, 2026. That compares with $1.12 billion, or $7.11 per diluted share, in the same quarter a year earlier." }, { "q": "Why did Cincinnati Financial's net income fall in Q3 FY2026?", "a": "Cincinnati Financial Corporation's net income fell to $459 million in Q3 FY2026 from $1.12 billion a year earlier, mostly because net investment gains, which include changes in the fair value of equity securities it still holds, dropped to $20 million from $853 million. Heavier catastrophe losses also raised its property casualty combined ratio to 90.9% from 88.2%." }, { "q": "What was Cincinnati Financial's revenue in Q3 FY2026?", "a": "Both of Cincinnati Financial Corporation's main sources of revenue grew in Q3 FY2026, the quarter ended September 30, 2026: earned premiums rose to $2.69 billion, up 4.8% from a year earlier, and investment income rose to $325 million, up 10.2%. Its GAAP total revenues were $3.05 billion, down 18.2% from $3.73 billion, pulled down by net investment gains, which fell to $20 million from $853 million." }, { "q": "What was Cincinnati Financial's combined ratio in Q3 FY2026?", "a": "Cincinnati Financial Corporation's property casualty combined ratio was 90.9% in Q3 FY2026, the quarter ended September 30, 2026, compared with 88.2% in the same quarter a year earlier. Its property casualty operations still earned an underwriting profit in the quarter." } ] }, "company_details": { "Name": "Cincinnati Financial Corp", "Ticker": "CINF", "CIK": "0000020286", "Exchange": "Nasdaq", "State": "Ohio", "Incorporation": "Ohio", "SIC": "6331", "Office": "Finance", "Industry": "Fire, Marine & Casualty Insurance" }, "next_filing": { "predicted_date": "2027-02-22", "predicted_type": "10-K" }, "fiscal_period": { "fiscal_year": 2026, "fiscal_period": "Q3", "tag": "FY26Q3", "period_end": "2026-09-30", "form": "10-Q", "accession": "0000020286-26-000060", "fiscal_year_end": "1231", "source": "facts" }, "source_filings": [ { "role": "annual", "current": false, "form": "10-K", "fiscal_year": 2025, "fiscal_period": "FY", "tag": "FY25", "period_end": "2025-12-31", "filed": "2026-02-23", "accession": "0000020286-26-000008", "url": "https://www.sec.gov/Archives/edgar/data/20286/000002028626000008/cinf-20251231.htm", "source": "reported" }, { "role": "quarterly", "current": true, "form": "10-Q", "fiscal_year": 2026, "fiscal_period": "Q3", "tag": "FY26Q3", "period_end": "2026-09-30", "filed": "2026-10-26", "accession": "0000020286-26-000060", "url": "https://www.sec.gov/Archives/edgar/data/20286/000002028626000060/cinf-20260930.htm", "source": "facts" } ], "figure_sources": { "about": "Where each figure in this file is printed in its SEC filing. 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A figure with no entry is not printed in a tagged filing, either because it was calculated (margins, free cash flow, trailing twelve months, a quarter derived by subtraction) or because it comes from an untagged earnings release.", "documents": { "d1": "https://www.sec.gov/Archives/edgar/data/20286/000002028626000008/cinf-20251231.htm", "d2": "https://www.sec.gov/Archives/edgar/data/20286/000002028626000060/cinf-20260930.htm" }, "annual": [ { "period_end": "2025-12-31", "income_statement": { "earned_premiums": "d1#f-138", "investment_income_net_of_expenses": "d1#f-141", "investment_gains_and_losses_net": "d1#f-144", "fee_revenues": "d1#f-147", "other_revenues": "d1#f-150", "total_revenues": "d1#f-153", "insurance_losses_and_contract_holders_benefits": "d1#f-3739", "underwriting_acquisition_and_insurance_expenses": "d1#f-159", "interest_expense": "d1#f-162", "other_operating_expenses": "d1#f-165", "total_benefits_and_expenses": "d1#f-168", "income_before_income_taxes": "d1#f-171", 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] } }