Cincinnati Financial Corporation (CINF) Q3 FY2026 Financial Statements: Total revenues $3.05B, Net income $459.00M
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PeriodQ3 FY2026
Published
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.
| Metric | Amount | vs. year ago |
|---|---|---|
| Total revenues | $3,047,000,000 | down 18.2% |
| Net income | $459,000,000 | down 59.1% |
| Diluted EPS | $2.96 | down 58.4% |
| Earned premiums | $2,690,000,000 | up 4.8% |
| Investment income | $325,000,000 | up 10.2% |
| Investment gains | $20,000,000 | down 97.7% |
| Combined ratio | 90.9% | up 2.7 points |
Figures link to the filing they came from. Wherever the SEC filing tags a number, that number is linked: click it and the filing opens at the exact line that prints it. Figures calculated here, such as margins, free cash flow and trailing-twelve-month totals, have no line in a filing to point to and are not linked.
About this file
| Ticker | CINF |
|---|---|
| CIK | 0000020286 |
| Company | Cincinnati Financial Corporation |
| Business type | insurer |
| Reporting currency | USD |
| Converted to USD | no |
| 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. |
CINF annual income statement, balance sheet and cash flow
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Period start | 2025-01-01 | 2024-01-01 | 2023-01-01 |
| Period end | 2025-12-31 | 2024-12-31 | 2023-12-31 |
| Period type | fiscal year | fiscal year | fiscal year |
| Source accession | 10-K | 10-K | 10-K |
| Income statement | |||
| Earned premiums | 9,983,000,000 | 8,889,000,000 | 7,958,000,000 |
| Investment income net of expenses | 1,165,000,000 | 1,025,000,000 | 894,000,000 |
| Investment gains and losses net | 1,442,000,000 | 1,391,000,000 | 1,127,000,000 |
| Fee revenues | 20,000,000 | 17,000,000 | 21,000,000 |
| Other revenues | 21,000,000 | 15,000,000 | 13,000,000 |
| Total revenues | 12,631,000,000 | 11,337,000,000 | 10,013,000,000 |
| Insurance losses and contract holders benefits | 6,640,000,000 | 5,737,000,000 | 5,274,000,000 |
| Underwriting acquisition and insurance expenses | 2,924,000,000 | 2,657,000,000 | 2,384,000,000 |
| Interest expense | 53,000,000 | 53,000,000 | 54,000,000 |
| Other operating expenses | 34,000,000 | 32,000,000 | 25,000,000 |
| Total benefits and expenses | 9,651,000,000 | 8,479,000,000 | 7,737,000,000 |
| Income before income taxes | 2,980,000,000 | 2,858,000,000 | 2,276,000,000 |
| Total provision for income taxes | 587,000,000 | 566,000,000 | 433,000,000 |
| Net income | 2,393,000,000 | 2,292,000,000 | 1,843,000,000 |
| Comprehensive income | 2,668,000,000 | 2,418,000,000 | 2,022,000,000 |
| Basic EPS | 15.32 | 14.65 | 11.74 |
| Diluted EPS | 15.17 | 14.53 | 11.66 |
| Basic weighted average shares | 156,100,000 | 156,400,000 | 157,000,000 |
| Diluted shares | 157,700,000 | 157,800,000 | 158,100,000 |
| Dividends declared per share | 3.48 | 3.24 | 3.00 |
| Property casualty segments combined | |||
| Net written premiums | 10,082,000,000 | 9,243,000,000 | 8,046,000,000 |
| Earned premiums | 9,653,000,000 | 8,568,000,000 | 7,645,000,000 |
| Loss and loss expenses | 6,335,000,000 | 5,436,000,000 | 4,958,000,000 |
| Underwriting expenses | 2,831,000,000 | 2,564,000,000 | 2,297,000,000 |
| Underwriting profit | 501,000,000 | 580,000,000 | 401,000,000 |
| Combined ratio % | 94.9% | 93.4% | 94.9% |
| Combined ratio before catastrophe losses and prior years reserve development % | 86.1% | 86.5% | 88.4% |
| Balance sheet | |||
| Fixed maturities at fair value | 18,123,000,000 | 16,182,000,000 | |
| Equity securities at fair value | 12,694,000,000 | 11,185,000,000 | |
| Total investments | 31,783,000,000 | 28,378,000,000 | |
| Cash and cash equivalents | 1,431,000,000 | 983,000,000 | |
| Total assets | 41,002,000,000 | 36,501,000,000 | |
| Loss and loss expense reserves | 11,507,000,000 | 10,003,000,000 | |
| Life policy and investment contract reserves | 2,992,000,000 | 2,960,000,000 | |
| Unearned premiums | 5,254,000,000 | 4,813,000,000 | |
| Note payable | 25,000,000 | 25,000,000 | |
| Long term debt and lease obligations | 861,000,000 | 850,000,000 | |
| Total liabilities | 25,091,000,000 | 22,566,000,000 | |
| Total shareholders equity | 15,911,000,000 | 13,935,000,000 | |
| Book value per share | 102.35 | 89.11 | |
| Common shares outstanding | 155,400,000 | 156,400,000 | |
| Cash flow | |||
| Operating cash flow | 3,112,000,000 | 2,649,000,000 | 2,052,000,000 |
| Net cash used in investing activities | -1,691,000,000 | -1,696,000,000 | -1,608,000,000 |
| Net cash used in financing activities | -973,000,000 | -877,000,000 | -801,000,000 |
| Dividends paid | -525,000,000 | -490,000,000 | -454,000,000 |
| Share repurchases | -205,000,000 | -126,000,000 | -67,000,000 |
| Net change in cash and cash equivalents | 448,000,000 | 76,000,000 | -357,000,000 |
CINF quarterly income statement, balance sheet and cash flow
| Q3 FY2026 | Q3 FY2025 | |
|---|---|---|
| Fiscal quarter | 3 | 3 |
| Period start | 2026-07-01 | 2025-07-01 |
| Period end | 2026-09-30 | 2025-09-30 |
| Period type | three months | three months |
| Source accession | 10-Q | 10-Q |
| Income statement | ||
| Earned premiums | 2,690,000,000 | 2,567,000,000 |
| Investment income net of expenses | 325,000,000 | 295,000,000 |
| Investment gains and losses net | 20,000,000 | 853,000,000 |
| Fee revenues | 6,000,000 | 5,000,000 |
| Other revenues | 6,000,000 | 6,000,000 |
| Total revenues | 3,047,000,000 | 3,726,000,000 |
| Insurance losses and contract holders benefits | 1,675,000,000 | 1,540,000,000 |
| Underwriting acquisition and insurance expenses | 799,000,000 | 754,000,000 |
| Interest expense | 12,000,000 | 13,000,000 |
| Other operating expenses | 8,000,000 | 6,000,000 |
| Total benefits and expenses | 2,494,000,000 | 2,313,000,000 |
| Income before income taxes | 553,000,000 | 1,413,000,000 |
| Total provision for income taxes | 94,000,000 | 291,000,000 |
| Net income | 459,000,000 | 1,122,000,000 |
| Comprehensive income | -357,000,000 | 1,287,000,000 |
| Basic EPS | 2.99 | 7.19 |
| Diluted EPS | 2.96 | 7.11 |
| Basic weighted average shares | 153,500,000 | 156,100,000 |
| Diluted shares | 155,100,000 | 157,800,000 |
| Dividends declared per share | 0.94 | 0.87 |
| Property casualty segments combined | ||
| Earned premiums | 2,605,000,000 | 2,484,000,000 |
| Loss and loss expenses | 1,595,000,000 | 1,464,000,000 |
| Underwriting expenses | 774,000,000 | 731,000,000 |
| Underwriting profit | 240,000,000 | 293,000,000 |
| Combined ratio % | 90.9% | 88.2% |
| Combined ratio before catastrophe losses and prior years reserve development % | 83.7% | 84.7% |
| Balance sheet | ||
| Fixed maturities at fair value | 18,925,000,000 | |
| Equity securities at fair value | 13,145,000,000 | |
| Total investments | 33,139,000,000 | |
| Cash and cash equivalents | 1,239,000,000 | |
| Total assets | 42,611,000,000 | |
| Loss and loss expense reserves | 12,750,000,000 | |
| Life policy and investment contract reserves | 2,861,000,000 | |
| Unearned premiums | 5,643,000,000 | |
| Note payable | 17,000,000 | |
| Long term debt and lease obligations | 858,000,000 | |
| Total liabilities | 26,429,000,000 | |
| Total shareholders equity | 16,182,000,000 | 15,406,000,000 |
| Book value per share | 105.42 | 98.76 |
| Common shares outstanding | 153,500,000 | 156,000,000 |
CINF year-to-date income statement and cash flow
| Nine months ended September 30, 2026 | Nine months ended September 30, 2025 | |
|---|---|---|
| Period start | 2026-01-01 | 2025-01-01 |
| Period end | 2026-09-30 | 2025-09-30 |
| Period type | nine months | nine months |
| Source accession | 10-Q | 10-Q |
| Income statement | ||
| Earned premiums | 7,929,000,000 | 7,391,000,000 |
| Investment income net of expenses | 962,000,000 | 860,000,000 |
| Investment gains and losses net | 1,258,000,000 | 1,259,000,000 |
| Fee revenues | 16,000,000 | 15,000,000 |
| Other revenues | 19,000,000 | 15,000,000 |
| Total revenues | 10,184,000,000 | 9,540,000,000 |
| Insurance losses and contract holders benefits | 5,313,000,000 | 5,168,000,000 |
| Underwriting acquisition and insurance expenses | 2,349,000,000 | 2,165,000,000 |
| Interest expense | 39,000,000 | 40,000,000 |
| Other operating expenses | 28,000,000 | 27,000,000 |
| Total benefits and expenses | 7,729,000,000 | 7,400,000,000 |
| Income before income taxes | 2,455,000,000 | 2,140,000,000 |
| Total provision for income taxes | 467,000,000 | 423,000,000 |
| Net income | 1,988,000,000 | 1,717,000,000 |
| Comprehensive income | 1,071,000,000 | 1,942,000,000 |
| Basic EPS | 12.88 | 10.99 |
| Diluted EPS | 12.75 | 10.88 |
| Basic weighted average shares | 154,300,000 | 156,300,000 |
| Diluted shares | 155,900,000 | 157,800,000 |
| Dividends declared per share | 2.82 | 2.61 |
| Property casualty segments combined | ||
| Earned premiums | 7,672,000,000 | 7,145,000,000 |
| Loss and loss expenses | 5,070,000,000 | 4,938,000,000 |
| Underwriting expenses | 2,276,000,000 | 2,095,000,000 |
| Underwriting profit | 337,000,000 | 123,000,000 |
| Combined ratio % | 95.8% | 98.4% |
| Combined ratio before catastrophe losses and prior years reserve development % | 86.5% | 86.7% |
| Cash flow | ||
| Operating cash flow | 2,147,000,000 | 2,165,000,000 |
| Net cash used in investing activities | -1,368,000,000 | -1,017,000,000 |
| Net cash used in financing activities | -971,000,000 | -671,000,000 |
| Dividends paid | -418,000,000 | -392,000,000 |
| Share repurchases | -396,000,000 | -102,000,000 |
| Net change in cash and cash equivalents | -192,000,000 | 477,000,000 |
CINF trailing twelve month income statement and cash flow
| Twelve months ended September 30, 2026 | |
|---|---|
| Period start | 2025-10-01 |
| Period end | 2026-09-30 |
| Period type | trailing twelve months |
| Source accession | 10-Q |
| Income statement | |
| Earned premiums | 10,521,000,000 |
| Investment income net of expenses | 1,267,000,000 |
| Investment gains and losses net | 1,441,000,000 |
| Total revenues | 13,275,000,000 |
| Insurance losses and contract holders benefits | 6,785,000,000 |
| Income before income taxes | 3,295,000,000 |
| Net income | 2,664,000,000 |
| Property casualty segments combined | |
| Earned premiums | 10,180,000,000 |
| Underwriting profit | 715,000,000 |
| Cash flow | |
| Operating cash flow | 3,094,000,000 |
| Dividends paid | -551,000,000 |
| Share repurchases | -499,000,000 |
- 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)
Adjustments
| Splits applied | none |
|---|---|
| ADR ratio | n/a |
| FX | none; the company reports in US dollars |
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.
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 |
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 | Current | Form | Fiscal year | Fiscal period | Tag | Period end | Filed | Accession | Source |
|---|---|---|---|---|---|---|---|---|---|
| annual | no | 10-K | 2025 | FY | FY25 | 2025-12-31 | 2026-02-23 | 0000020286-26-000008 | reported |
| quarterly | yes | 10-Q | 2026 | Q3 | FY26Q3 | 2026-09-30 | 2026-10-26 | 0000020286-26-000060 | facts |
FAQ · Cincinnati Financial financial statements
How much did Cincinnati Financial earn in Q3 FY2026?
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.
Why did Cincinnati Financial's net income fall in Q3 FY2026?
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%.
What was Cincinnati Financial's revenue in Q3 FY2026?
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.
What was Cincinnati Financial's combined ratio in Q3 FY2026?
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.
Where can I get Cincinnati Financial Corporation (CINF) financial data in machine-readable form?
Ticker Scout publishes Cincinnati Financial Corporation's financial statements as JSON at https://tickerscout.ai/cinf/financials.json, free, with no API key and no signup. The 10-K and 10-Q narrative and the 8-K events digest are published as Markdown at https://tickerscout.ai/cinf/narrative.md and https://tickerscout.ai/cinf/events.md. Cincinnati Financial Corporation's SEC CIK is 0000020286. Every figure cites the SEC accession number it came from, so it can be checked against sec.gov.
When does Cincinnati Financial Corporation (CINF) next file with the SEC?
Cincinnati Financial Corporation (CINF) is expected to file its next Form 10-K with the SEC on or around February 22, 2027. That date is a projection rather than a company-announced date: it is derived from Cincinnati Financial Corporation's own filing history with the SEC, by taking the date the company filed the same fiscal period a year earlier and adding 52 weeks. The most recent periodic report on file is the 10-Q for Q3 FY2026, the period ended 2026-09-30, SEC accession 0000020286-26-000060.
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How this page was built
This page was built from two of Cincinnati Financial Corporation's own filings with the SEC, read one at a time. Nothing on it is taken from a pre-tagged dataset, a data vendor or another website. The figures are on the company's own fiscal calendar and in actual dollars, as the filings report them. Where the filings do not support a figure, the record says so instead of reporting a zero; this period names two such gaps.
A single company files thousands of pages with the SEC in a year, and no two companies file them the same way, so the reading and the assembly here are done by AI rather than by rules that break on the differences. Every pass is then audited back against the filings it came from before the page is published, and anything the filings do not support is left out and named rather than filled in. AI can still make mistakes. That is why the accession numbers are printed: the filing is the authority, and this page is a route to it.
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