CINFCincinnati Financial

Catastrophe Losses Incurred(Dollars in millions, net of reinsurance) Excess and surplus lines Commercial lines Personal lines Dates Events Regions Other Total 2025 Jan. 7-28 Wildfire West $ 1 $ 325 $ — $ 122 $ 448 Mar. 14-17 Flood, Lightning, Wind Midwest, Northeast, South 56 96 1 1 154 Apr. 1-7 Flood, Lightning, Wind Midwest, South 14 32 — — 46 May 15-16 Flood, Lightning, Wind Midwest, Northeast 31 91 1 2 125 All other 2025 catastrophes 86 165 2 20 273 Development on 2024 and prior catastrophes (20) (37) (2) (9) (68) Calendar year incurred total $ 168 $ 672 $ 2 $ 136 $ 978 2024 Mar. 12-17 Flood, Lightning, Wind Midwest, South $ 30 $ 31 $ — $ — $ 61 Mar. 31 - Apr. 4 Flood, Lightning, Wind Midwest, Northeast, South 9 23 — — 32 May 6-10 Flood, Lightning, Wind Midwest, South 25 30 1 — 56 May 25-26 Flood, Lightning, Wind Midwest, South 38 29 1 — 68 Jul. 13-18 Flood, Lightning, Wind Midwest, Northeast 18 11 — — 29 Sep. 25-28 Flood, Lightning, Wind Midwest, South (Helene) 55 133 2 43 233 Oct. 9-10 Flood, Lightning, Wind South (Milton) 6 3 — 61 70 All other 2024 catastrophes 92 149 4 30 275 Development on 2023 and prior catastrophes (31) (43) — (21) (95) Calendar year incurred total $ 242 $ 366 $ 8 $ 113 $ 729 2023 Mar. 1-4 Flood, Lightning, Wind Midwest, Northeast, South $ 25 $ 26 $ 1 $ 2 $ 54 Mar. 23-28 Flood, Lightning, Wind Midwest, Northeast, South 21 23 — — 44 Mar. 30 - Apr. 1 Flood, Lightning, Wind Midwest, Northeast, South 58 31 — — 89 Apr. 3-7 Flood, Lightning, Wind Midwest, Northeast, South 12 33 — — 45 May 2-9 Flood, Lightning, Wind Midwest, South 22 7 — — 29 Jun. 21-27 Flood, Lightning, Wind Midwest, Northeast, South, West 21 18 — — 39 Jun. 28 - Jul. 4 Flood, Lightning, Wind Midwest, Northeast, South, West 9 16 — — 25 Dec. 9-11 Flood, Lightning, Wind Northeast, South 23 14 — — 37 All other 2023 catastrophes 125 184 3 36 348 Development on 2022 and prior catastrophes (11) (44) — 8 (47) Calendar year incurred total $ 305 $ 308 $ 4 $ 46 $ 663

In November 2023, September 2025, the Financial Accounting Standards Board (FASB) FASB issued Accounting Standards Update (ASU) 2023-07, Segment Reporting (Topic 280): ASU 2025-06, Intangibles – Goodwill and Other – Internal-Use Software (Subtopic 350-40): Targeted Improvements to Reportable Segment Disclosures. the Accounting for Internal-Use Software. ASU 2023-07 enhances reportable segment disclosures 2025-06 modernizes the accounting for internal-use software costs by requiring entities eliminating references to disclose significant segment expenses that are regularly provided to prescriptive and sequential software development stages and updating the chief operating decision maker (CODM) and included within the reported measure of profit or loss. This ASU also requires disclosure of the title and position of the CODM as well as a description of how the reported measure of profit or loss is used to assess segment performance and allocate resources. cost capitalization criteria. The effective date of ASU 2023-07 2025-06 is for annual reporting periods beginning after December 15, 2023, 2027, and interim reporting periods within those annual periods beginning after December 15, 2024, reporting periods, with early adoption permitted. The ASU has not yet been adopted and should be applied retrospectively to all prior periods presented. We retrospectively adopted this ASU effective December 31, 2024. The adoption did will not have a material impact on our company’s consolidated financial position, results of operations or cash flows, but the ASU required additional disclosure in Note 18, Segment Information, to these consolidated financial statements and will require additional disclosure in our interim financial statements in 2025. flows.

Our ability to successfully execute business functions also depends on hiring and retaining the qualified associates we employ. Competition for high-quality executives and other key associates occurs within the insurance industry and from other industries. We also must effectively develop and manage associates, including providing training and resources. Such tools and information can allow them to effectively perform critical business functions and adapt to changing business needs. During tight labor markets, such as we experienced in recent years, there is intense competition for associates qualified to execute important business functions. Many markets in which we operate are experiencing a low unemployment rate and labor shortages are affecting many industries. If we are unable to attract and retain certain associates, or if we fail to provide adequate training or resources, or fail to provide a work environment that is attractive to associates, we could limit the success of executing our strategic plans and vital business functions. Additionally, loss of key personnel or an inability to successfully execute on succession plans could negatively impact growth, operating results, financial condition, essential business relationships, profitability, and other business operations.