CINFCincinnati Financial

Financials · Property & Casualty Insurance · Nasdaq

We are an Ohio corporation formed in 1968. 10-K, Item 1

Employees: 5,705
Headquarters: Fairfield, OH
CEO: Stephen M. Spray
Next results: around Feb 8, 2027

All key numbers (33, from the latest 10-K and 10-Q) From EDGAR

EPS (ttm)	17.04	Sales (ttm)	13.3B	Net income (ttm)	2.7B	Sales growth	+11.4%	EPS growth	+4.4%	Sales Q/Q	-18.2%
Free cash flow	3.1B	Gross margin	-	Oper. margin	-	Net margin	20.1%	FCF margin	23.2%	ROE	16.5%
ROA	6.3%	R&D / sales	-	Dividend	3.48	Debt/Eq	0.05	Curr. ratio	-	Cash	1.2B
Op. cash flow (ttm)	3.1B	Net debt	-448.0M	Payout ratio	22.9%	Tax rate	19.7%	Shares out.	153.5M	Shares Y/Y	-0.1%
Book / share	105.41	Cash / share	8.07	Sales / share	86.48	Asset turnover	0.31	Sales 3Y CAGR	+24.4%	Sales 5Y CAGR	+10.9%
EPS 5Y CAGR	+15.2%	Employees	5,705	Sales / employee	2.3M

Hover or tap a number to see the XBRL line item and filing it comes from; click it to open that filing at SEC. What each number means. Looks wrong? Tell us.

CINF against Financials peers

Ten years, side by side → · All 76 →

CINFPeer median

Each side 0 to 100, ranked against every company we cover: relative position on reported figures, not a buy score. How

Every dot is one of the 76 companies, the better end on the right. Hover a dot for the company.

Sales growth

+11.4%20th of 76 · median +7.2%

Net margin

20.1%39th of 76 · median 20.4%

Return on equity

16.5%39th of 74 · median 16.7%

Free cash flow margin

23.2%22nd of 49 · median 21.5%

Debt / equity (less is better)

0.053rd of 62 · median 0.70

CINF and the 5 peers closest in revenue
Company	Revenue (ttm)	Sales growth	Gross margin	Net margin	ROE	FCF margin	Debt / equity
CINF Cincinnati Financial	$13.3B	+11.4%	-	20.1%	16.5%	23.2%	0.05
WRB W. R. Berkley Corporation	$14.9B	+7.8%	-	12.5%	19.4%	-	-
ICE Intercontinental Exchange	$14.0B	+7.5%	-	29.6%	13.9%	37.6%	0.88
AIZ Assurant	$13.8B	+7.9%	-	7.8%	17.9%	13.3%	-
FIS Fidelity National Information Services	$12.9B	+5.4%	35.8%	26.8%	21.3%	21.5%	1.28
FITB Fifth Third Bancorp	$11.7B	+6.3%	-	21.9%	7.7%	23.8%	0.54

Profitability

1 of 3

!
Net margin below the peer median20.1% vs 20.4%
✓
Return on equity above 15%16.5%
!
A profit in 9 of 10 years

Net margin, FY2016 to FY2025: 10.8% → 18.9%

Cash and shareholders

2 of 2

✓
Share count down over 5 years−2.9%
✓
Dividend per share up over 5 years$2.40 → $3.48

Free cash flow, FY2016 to FY2025: 1.1B → 3.1B

Each tick is a fact with a fixed rule (on /methodology), not a score or advice. A check without the numbers it needs is left out.

Revenue and net income, FY2016 to FY2025

Revenue 12.6B Net income 2.4B

From XBRL in each 10-K. Hover a bar for the line item and filing. Full financials →

CINF's income statement, balance sheet and cash flow as reported to the SEC in XBRL, one column per fiscal year. Hover a number to see the line item and filing it comes from. Where a company changed how it tags a line, the first tag it reported for that period is used. A number looks wrong? Tell us.

Annual Quarterly

Revenue12.6B

Net income2.4B

Free cash flow3.1B

EPS (diluted)15.17

Dividend per share3.48

Diluted shares157.7M

Revenue by business segment

year to Dec 31, 2025

	Revenue	Share	vs year before
Commercial Lines Insurance	4.9B	38.5%	+8.4%
Personal Lines Insurance	3.2B	25.4%	+21.9%
Investment Segment Of CINF	2.6B	20.6%	+7.9%
Excessand Surplus Lines Insurance	702.0M	5.6%	+13.6%
Life Insurance	336.0M	2.7%	+3.1%

10-K 0000020286-26-000008, segment and revenue notes (XBRL).

Income statement

From EDGAR

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	5.4B	5.7B	5.4B	7.9B	7.5B	9.6B	6.6B	10.0B	11.3B	12.6B
Interest expense	53.0M	53.0M	53.0M	53.0M	54.0M	53.0M	53.0M	54.0M	53.0M	53.0M
Pretax income	812.0M	730.0M	251.0M	2.5B	1.5B	3.7B	-694.0M	2.3B	2.9B	3.0B
Income tax	221.0M	-315.0M	-36.0M	475.0M	283.0M	730.0M	-207.0M	433.0M	566.0M	587.0M
Net income	591.0M	1.0B	287.0M	2.0B	1.2B	3.0B	-487.0M	1.8B	2.3B	2.4B
EPS (diluted)	3.55	6.29	1.75	12.10	7.49	18.24	-3.06	11.66	14.53	15.17
Diluted shares	166.5M	166.0M	164.5M	165.1M	162.4M	162.7M	158.8M	158.1M	157.8M	157.7M
Depreciation & amortization	48.0M	55.0M	63.0M	72.0M	81.0M	93.0M	33.0M	30.0M	34.0M	36.0M
Net margin	10.8%	18.2%	5.3%	25.2%	16.1%	30.8%	-7.4%	18.4%	20.2%	18.9%
Revenue growth	-	+5.2%	-5.7%	+46.6%	-4.9%	+27.7%	-31.8%	+52.6%	+13.2%	+11.4%
EPS growth	-	+77.2%	-72.2%	+591%	-38.1%	+144%	-117%	-	+24.6%	+4.4%

Balance sheet

From EDGAR

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash	777.0M	657.0M	784.0M	767.0M	900.0M	1.1B	1.3B	907.0M	983.0M	1.4B
Short-term investments	-	-	-	-	-	-	-	0	298.0M	148.0M
Property & equipment	183.0M	185.0M	195.0M	207.0M	213.0M	205.0M	202.0M	208.0M	214.0M	219.0M
Total assets	20.4B	21.8B	21.9B	25.4B	27.5B	31.4B	29.7B	32.8B	36.5B	41.0B
Total debt	787.0M	787.0M	788.0M	788.0M	788.0M	789.0M	789.0M	790.0M	790.0M	790.0M
Total liabilities	13.3B	13.6B	14.1B	15.5B	16.8B	18.3B	19.2B	20.7B	22.6B	25.1B
Shareholders' equity	7.1B	8.2B	7.8B	9.9B	10.8B	12.8B	10.6B	12.1B	13.9B	15.9B
Retained earnings	5.0B	5.2B	7.6B	9.3B	10.1B	12.6B	11.7B	13.1B	14.9B	16.7B

Cash flow

From EDGAR

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	1.1B	1.1B	1.2B	1.2B	1.5B	2.0B	2.1B	2.1B	2.6B	3.1B
Capital spending	13.0M	16.0M	20.0M	24.0M	20.0M	15.0M	15.0M	18.0M	22.0M	20.0M
Free cash flow	1.1B	1.0B	1.2B	1.2B	1.5B	2.0B	2.0B	2.0B	2.6B	3.1B
Stock-based pay (added back)	23.0M	26.0M	28.0M	30.0M	31.0M	33.0M	-	-	-	-
Dividends paid	306.0M	400.0M	336.0M	355.0M	375.0M	395.0M	423.0M	454.0M	490.0M	525.0M
Buybacks	39.0M	92.0M	125.0M	67.0M	261.0M	144.0M	410.0M	67.0M	126.0M	205.0M
Investing cash flow	-456.0M	-558.0M	-451.0M	-679.0M	-560.0M	-1.1B	-933.0M	-1.6B	-1.7B	-1.7B
Financing cash flow	-426.0M	-614.0M	-603.0M	-546.0M	-798.0M	-685.0M	-994.0M	-801.0M	-877.0M	-973.0M
Dividend per share	1.92	2.50	2.12	2.24	2.40	2.52	2.76	3.00	3.24	3.48

Stock-based pay and leases

From EDGAR

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Stock-based pay (expense)	23.0M	26.0M	28.0M	30.0M	31.0M	33.0M	-	-	-	-
Stock-based pay / revenue	0.4%	0.5%	0.5%	0.4%	0.4%	0.3%	-	-	-	-
Operating lease cash paid	-	-	-	8.0M	8.0M	4.0M	4.0M	3.0M	3.0M	4.0M
Finance lease principal paid	-	-	-	15.0M	15.0M	15.0M	15.0M	16.0M	17.0M	18.0M

From SEC's XBRL company facts (data.sec.gov). EBITDA = operating income + depreciation and amortization; free cash flow = operating cash flow - capital spending; total debt = long-term debt (with its current part) + short-term borrowings. Stock-based pay and leases are shown as the company reports them; Tickdelta does not take them out of earnings or add leases to debt. Click a number to open the filing in SEC's Inline XBRL viewer, where you can click the same number to see how it is tagged. Values a company later revised show as revised; the Revised numbers tab lists the changes.

Work on CINF in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/CINF/export.csv") into a cell.