CINF · Cincinnati Financial Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $12.63B | $11.34B | $10.01B | $6.56B | $9.63B | $7.54B |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $36.00M | $34.00M | $30.00M | $33.00M | $33.00M | $33.00M |
| Operating Income | $2.98B | $2.86B | $2.28B | ($693.00M) | $1.50B | $1.50B |
| Interest Expense | $53.00M | $53.00M | $54.00M | $53.00M | $53.00M | $54.00M |
| Income Tax | $587.00M | $566.00M | $433.00M | ($207.00M) | $724.00M | $283.00M |
| Net Income | $2.39B | $2.29B | $1.84B | ($486.00M) | $2.95B | $1.22B |
| EPS - Basic | $15.32 | $14.65 | $11.74 | ($3.06) | $18.29 | $7.55 |
| EPS - Diluted | $15.17 | $14.53 | $11.66 | ($3.06) | $18.10 | $7.49 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.43B | $983.00M | $907.00M | $1.26B | $1.14B | $900.00M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $41.00B | $36.50B | $32.77B | $29.74B | $31.39B | $27.54B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | $790.00M | $790.00M | $790.00M | $789.00M | $789.00M | $788.00M |
| Total Liabilities | $25.09B | $22.57B | $20.67B | $19.20B | $18.28B | $16.75B |
| Stockholders' Equity | $15.91B | $13.94B | $12.10B | $10.53B | $13.11B | $10.79B |
| Retained Earnings | $16.72B | $14.87B | $13.08B | $11.70B | $12.63B | $10.09B |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $3.11B | $2.65B | $2.05B | $2.05B | $1.98B | $1.49B |
| Investing Cash Flow | ($1.69B) | ($1.70B) | ($1.61B) | ($933.00M) | ($1.06B) | ($560.00M) |
| Financing Cash Flow | ($973.00M) | ($877.00M) | ($801.00M) | ($994.00M) | ($685.00M) | ($798.00M) |
| CapEx | $20.00M | $22.00M | $18.00M | $15.00M | $15.00M | $20.00M |
| Free Cash Flow | $3.09B | $2.63B | $2.03B | $2.04B | $1.97B | $1.47B |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 23.6% | 25.2% | 22.7% | -10.6% | 15.6% | 19.9% |
| EBITDA margin | 23.9% | 25.5% | 23.0% | -10.1% | 15.9% | 20.3% |
| Net margin | 18.9% | 20.2% | 18.4% | -7.4% | 30.6% | 16.1% |
| Free cash flow margin | 24.5% | 23.2% | 20.3% | 31.1% | 20.4% | 19.5% |
| FCF / Net income | 1.29 | 1.15 | 1.10 | -4.19 | 0.67 | 1.21 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - |
| Effective tax rate | 19.7% | 19.8% | 19.0% | - | 19.7% | 18.9% |
| Return on assets | 5.8% | 6.3% | 5.6% | -1.6% | 9.4% | 4.4% |
| Return on equity | 15.0% | 16.4% | 15.2% | -4.6% | 22.5% | 11.3% |
| Return on invested capital | 14.3% | 15.6% | 14.3% | -4.8% | 8.7% | 10.5% |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | 0.05 | 0.06 | 0.07 | 0.07 | 0.06 | 0.07 |
| Debt / Assets | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 |
| Debt / EBITDA | 0.26 | 0.27 | 0.34 | - | 0.52 | 0.51 |
| Interest coverage | 56.2x | 53.9x | 42.1x | -13.1x | 28.3x | 27.8x |
| Equity multiplier | 2.58 | 2.62 | 2.71 | 2.82 | 2.40 | 2.55 |
| Liabilities / Assets | 0.61 | 0.62 | 0.63 | 0.65 | 0.58 | 0.61 |
| Efficiency | ||||||
| Asset turnover | 0.31 | 0.31 | 0.31 | 0.22 | 0.31 | 0.27 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 10.8x | 9.9x | 8.9x | - | 6.3x | 11.7x |
| P / B | 1.6x | 1.6x | 1.4x | 1.5x | 1.4x | 1.3x |
| P / S | 2.0x | 2.0x | 1.6x | 2.5x | 1.9x | 1.9x |
| EV / EBITDA | 8.3x | 7.8x | 7.0x | - | 11.9x | 9.2x |
| Growth | ||||||
| Revenue growth (YoY) | 11.4% | 13.2% | 52.7% | -31.9% | 27.8% | -4.9% |
| Revenue CAGR (3y) | 24.4% | 5.6% | 9.9% | -6.1% | 21.2% | 9.5% |
| Revenue CAGR (5y) | 10.9% | 7.4% | 13.1% | 2.7% | 12.1% | 7.9% |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | 4.3% | 25.6% | - | - | 0.0% | 105.3% |
| Net income growth (YoY) | 4.4% | 24.4% | - | - | 142.3% | -39.1% |
| EPS growth (YoY) | 4.4% | 24.6% | - | - | 141.7% | -38.1% |
| EPS CAGR (3y) | - | -7.1% | 15.9% | - | 117.9% | 6.0% |
| EPS CAGR (5y) | 15.2% | 3.7% | 46.1% | - | 38.5% | 14.4% |
| FCF growth (YoY) | 17.7% | 29.2% | -0.1% | 3.6% | 33.7% | 24.2% |
| FCF CAGR (5y) | 16.0% | 17.3% | 11.9% | 14.5% | 12.5% | 6.9% |
| Book value growth (YoY) | 14.2% | 15.2% | 14.9% | -19.6% | 21.5% | 9.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$11.72B totalCommercial Lines Insurance$4.87B · 41.5%
Personal Lines Insurance$3.20B · 27.3%
Investment Segment Of CINF$2.61B · 22.2%
Excessand Surplus Lines Insurance$702.00M · 6.0%
Life Insurance$336.00M · 2.9%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
4/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- -Current ratio improved
- ✓No share dilution
- -Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Fire, Marine & Casualty Insurance
Comparing CINCINNATI FINANCIAL CORP against the 5 most active filers in the same SIC group.
Dividends
$3.55/share trailing 12 months · +7.6% YoY
| Ex-date | Per share |
|---|---|
| Mar 24, 2026 | $0.9400 |
| Dec 22, 2025 | $0.8700 |
| Sep 22, 2025 | $0.8700 |
| Jun 23, 2025 | $0.8700 |
| Mar 24, 2025 | $0.8700 |
| Dec 19, 2024 | $0.8100 |
| Sep 17, 2024 | $0.8100 |
| Jun 18, 2024 | $0.8100 |
| Mar 18, 2024 | $0.8100 |
| Dec 18, 2023 | $0.7500 |
| Sep 15, 2023 | $0.7500 |
| Jun 15, 2023 | $0.7500 |
| Mar 16, 2023 | $0.7500 |
| Dec 15, 2022 | $0.6900 |
| Sep 15, 2022 | $0.6900 |
| Jun 16, 2022 | $0.6900 |
| Mar 17, 2022 | $0.6900 |
| Dec 15, 2021 | $0.6300 |
| Sep 15, 2021 | $0.6300 |
| Jun 16, 2021 | $0.6300 |
| Mar 16, 2021 | $0.6300 |
| Dec 15, 2020 | $0.6000 |
| Sep 15, 2020 | $0.6000 |
| Jun 16, 2020 | $0.6000 |