Financial Ratios Cincinnati Financial Corporation

Stocks

CINF

US1720621010

Property & Casualty Insurance

Market Closed - Nasdaq Other stock markets 21:00:00 17/07/2026 BST			5-day change	1st Jan Change
180.79 ^USD	+2.55%		+0.84%	+10.70%

07-15	Piper Sandler Adjusts Price Target on Cincinnati Financial to $197 From $175, Maintains Neutral Rating	MT
07-15	BofA Securities Adjusts Cincinnati Financial Price Target to $197 From $183	MT

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Published financial data: CINCINNATI FINANCIAL CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Premiums and Annuity Revenues	6.48B	7.22B	7.96B	8.89B	9.98B
Total Interest And Dividend Income	714M	781M	894M	1.02B	1.16B
Gain (Loss) on Sale of Investments, Total (Rev)	2.41B	-1.47B	1.13B	1.39B	1.44B
Other Revenues, Total	25M	24M	34M	32M	41M
Total Revenues	9.63B	6.56B	10.01B	11.34B	12.63B
Policy Benefits	3.94B	5.02B	5.28B	5.74B	6.64B
Policy Acquisition / Underwriting Costs, Total	1.86B	2.07B	2.29B	2.56B	2.83B
Other Operating Expenses	104M	107M	112M	125M	127M
Total Operating Expenses	5.91B	7.2B	7.68B	8.43B	9.6B
Operating Income	3.72B	-640M	2.33B	2.91B	3.03B
Interest Expense, Total	-53M	-53M	-54M	-53M	-53M
EBT, Excl. Unusual Items	3.67B	-693M	2.28B	2.86B	2.98B
EBT, Incl. Unusual Items	3.67B	-693M	2.28B	2.86B	2.98B
Income Tax Expense	724M	-207M	433M	566M	587M
Earnings From Continuing Operations	2.95B	-486M	1.84B	2.29B	2.39B
Net Income to Company	2.95B	-486M	1.84B	2.29B	2.39B
Net Income - (IS)	2.95B	-486M	1.84B	2.29B	2.39B
Net Income to Common Incl Extra Items	2.95B	-486M	1.84B	2.29B	2.39B
Net Income to Common Excl. Extra Items	2.95B	-486M	1.84B	2.29B	2.39B
Per Share Items
Net EPS - Basic	18.3	-3.06	11.74	14.65	15.33
Basic EPS - Continuing Operations	18.3	-3.06	11.74	14.65	15.33
Basic Weighted Average Shares Outstanding	161M	159M	157M	156M	156M
Net EPS - Diluted	18.1	-3.06	11.66	14.53	15.17
Diluted EPS - Continuing Operations	18.1	-3.06	11.66	14.53	15.17
Diluted Weighted Average Shares Outstanding	163M	159M	158M	158M	158M
Normalized Basic EPS	14.25	-2.73	9.06	11.42	11.93
Normalized Diluted EPS	14.1	-2.73	9	11.32	11.81
Dividend Per Share	2.52	2.76	3	3.24	3.48
Payout Ratio	13.41	-87.04	24.63	21.38	21.94
American Depositary Receipts Ratio (ADR)	0.5	0.5	0.5	0.5	0.5
Supplemental Items
EBITDA	3.82B	-513M	2.44B	3.04B	3.2B
EBITA	3.72B	-640M	2.33B	2.91B	3.03B
EBIT	3.72B	-640M	2.33B	2.91B	3.03B
EBITDAR	3.82B	-508M	2.44B	3.04B	3.2B
Total Revenues (As Reported)	9.63B	6.56B	10.01B	11.34B	12.63B
Effective Tax Rate - (Ratio)	19.73	29.87	19.02	19.8	19.7
Current Domestic Taxes	248M	148M	209M	445M	296M
Current Foreign Taxes	-1M	-	1M	4M	8M
Total Current Taxes	247M	148M	210M	449M	304M
Deferred Domestic Taxes	477M	-355M	216M	101M	271M
Deferred Foreign Taxes	-	-	7M	16M	12M
Total Deferred Taxes	477M	-355M	223M	117M	283M
Normalized Net Income	2.29B	-433M	1.42B	1.79B	1.86B
Interest on Long-Term Debt	15M	14M	14M	16M	18M
Non-Cash Pension Expense	-4M	-15M	-16M	-7M	-12M
Supplemental Operating Expense Items
Net Rental Expense, Total	4M	5M	3M	3M	3M
Imputed Operating Lease Interest Expense	1.89M	2.37M	1.47M	1.45M	1.44M
Imputed Operating Lease Depreciation	2.11M	2.63M	1.53M	1.55M	1.56M
Stock-Based Comp., Other (Total)	33M	36M	40M	46M	46M
Total Stock-Based Compensation	33M	36M	40M	46M	46M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Investment In Debt Securities	13.02B	12.13B	13.79B	16.18B	18.12B
Investment In Equity and Preferred Securities, Total	11.54B	10.18B	11.42B	11.75B	13.34B
Real Estate Owned	36M	47M	66M	94M	123M
Policy Loans	31M	31M	33M	36M	38M
Total Other Investments	64M	57M	67M	385M	250M
Total investments	24.7B	22.44B	25.38B	28.45B	31.87B
Cash And Equivalents	1.14B	1.26B	907M	983M	1.43B
Reinsurance Recoverable - (IS)	570M	640M	651M	523M	655M
Other Receivables - (Insurance Template)	2.3B	2.57B	2.89B	3.31B	3.52B
Deferred Policy Acquisition Costs - (BS)	905M	1.01B	1.09B	1.24B	1.34B
Separate Account Assets	959M	892M	925M	952M	981M
Gross Property Plant And Equipment	508M	524M	545M	561M	586M
Accumulated Depreciation	-303M	-322M	-337M	-347M	-367M
Net Property Plant And Equipment	205M	202M	208M	214M	219M
Goodwill	-	30M	30M	30M	30M
Other Intangibles, Total	-	31M	31M	31M	31M
Other Current Assets, Total	113M	116M	99M	86M	87M
Other Long-Term Assets, Total	506M	528M	553M	680M	832M
Total Assets	31.39B	29.74B	32.77B	36.5B	41B
Liabilities
Insurance And Annuity Liabilities	10.32B	11.46B	12.12B	12.96B	14.5B
Unearned Premiums	3.27B	3.69B	4.12B	4.81B	5.25B
Current Portion of Leases	18M	18M	19M	19M	21M
Short-Term Borrowings	54M	50M	25M	25M	25M
Long-Term Debt	789M	789M	790M	790M	790M
Long-Term Leases	36M	34M	40M	41M	50M
Separate Account Liability	959M	892M	925M	952M	981M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	122M	140M	123M	132M	114M
Pension & Other Post Retirement Benefits	-	-	-	-	-
Deferred Tax Liability Non-Current	1.74B	1.04B	1.32B	1.48B	1.83B
Other Non Current Liabilities	970M	1.09B	1.19B	1.36B	1.52B
Total Liabilities	18.28B	19.2B	20.67B	22.57B	25.09B
Common Stock, Total	397M	397M	397M	397M	397M
Additional Paid In Capital	1.36B	1.39B	1.44B	1.5B	1.56B
Retained Earnings	12.62B	11.7B	13.08B	14.87B	16.72B
Treasury Stock	-1.92B	-2.32B	-2.38B	-2.52B	-2.73B
Comprehensive Income and Other	648M	-636M	-435M	-309M	-34M
Total Common Equity	13.1B	10.53B	12.1B	13.94B	15.91B
Total Equity	13.1B	10.53B	12.1B	13.94B	15.91B
Total Liabilities And Equity	31.39B	29.74B	32.77B	36.5B	41B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	160M	157M	157M	157M	156M
ECS Total Common Shares Outstanding	160M	157M	157M	156M	155M
Book Value / Share	81.75	67.03	77.06	89.1	102.39
Tangible Book Value	13.1B	10.47B	12.04B	13.87B	15.85B
Tangible Book Value Per Share	81.75	66.65	76.67	88.71	101.99
Total Debt	897M	891M	874M	875M	886M
Net Debt	-242M	-373M	-33M	-108M	-545M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-35M	-50M	-54M	-100M	-117M
Debt Equivalent Oper. Leases	32M	40M	24M	24M	24M
Equity Method Investments, Total	227M	337M	434M	567M	641M
Account Code - Inventory Valuation	-	-	-	3	3
Full Time Employees	5.17K	5.15K	5.43K	5.62K	5.7K

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	2.95B	-486M	1.84B	2.29B	2.39B
Depreciation, Depletion & Amortization	93M	127M	112M	130M	168M
Total Depreciation, Depletion & Amortization	93M	127M	112M	130M	168M
(Gain) Loss on Sale of Investments - (CF)	-2.35B	1.49B	-1.11B	-1.37B	-1.4B
Deferred Policy Acquisition Costs - (CF)	-73M	-96M	-80M	-149M	-102M
Stock-Based Compensation (CF)	33M	-	-	-	-
Change in Accounts Receivable	-240M	-340M	-264M	-266M	-306M
Change in Unearned Revenues	311M	418M	430M	694M	441M
Change In Income Taxes	-25M	-40M	42M	12M	26M
Change in insurance Reserves / Liabilities	658M	1.17B	749M	1.02B	1.56B
Change in Other Net Operating Assets (Collected)	109M	116M	60M	120M	11M
Other Operating Activities	522M	-312M	268M	161M	327M
Cash from Operations	1.98B	2.05B	2.05B	2.65B	3.11B
Capital Expenditure	-15M	-15M	-18M	-22M	-20M
Investment in Marketable and Equity Securities, Total	-1.04B	-925M	-1.58B	-1.66B	-1.64B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-2M	7M	-15M	-15M	-30M
Cash from Investing	-1.06B	-933M	-1.61B	-1.7B	-1.69B
Short Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Short Term Debt Repaid, Total	-	-4M	-25M	-	-
Total Debt Repaid	-	-4M	-25M	-	-
Issuance of Common Stock	13M	10M	9M	10M	10M
Repurchase of Common Stock	-144M	-410M	-67M	-126M	-205M
Common Dividends Paid	-395M	-423M	-454M	-490M	-525M
Common & Preferred Stock Dividends Paid	-395M	-423M	-454M	-490M	-525M
Annuity Receipts	85M	70M	83M	73M	66M
Annuity Payments	-146M	-144M	-218M	-190M	-166M
Special Dividend Paid	-	-	-	-	-
Other Financing Activities, Total	-98M	-93M	-129M	-154M	-153M
Cash from Financing	-685M	-994M	-801M	-877M	-973M
Net Change in Cash	239M	125M	-357M	76M	448M
Supplemental Items
Cash Interest Paid	52M	53M	54M	53M	53M
Cash Income Tax Paid (Refund)	257M	165M	136M	395M	220M
Net Debt Issued / Repaid	-	-4M	-25M	-	-
Levered Free Cash Flow	5.34B	2.97B	4.76B	5.48B	6.14B
Unlevered Free Cash Flow	5.37B	3.01B	4.79B	5.51B	6.17B
Change In Net Working Capital	-2.94B	-3.26B	-3.2B	-3.54B	-4.08B

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	7.9	-1.31	4.66	5.25	4.89
Return on Total Capital	18.12	-3.15	11.92	13.1	11.99
Return On Equity %	24.66	-4.11	16.27	17.61	16.04
Return on Common Equity	24.66	-4.11	16.27	17.61	16.04
Margin Analysis
Gross Profit Margin %	39.74	-8.13	24.39	26.78	25.02
EBITDA Margin %	39.63	-7.82	24.39	26.82	25.34
EBITA Margin %	38.66	-9.76	23.27	25.68	24.01
EBIT Margin %	38.66	-9.76	23.27	25.68	24.01
Income From Continuing Operations Margin %	30.59	-7.41	18.41	20.22	18.95
Net Income Margin %	30.59	-7.41	18.41	20.22	18.95
Net Avail. For Common Margin %	30.59	-7.41	18.41	20.22	18.95
Normalized Net Income Margin	23.82	-6.61	14.21	15.76	14.75
Levered Free Cash Flow Margin	55.46	45.34	47.51	48.31	48.62
Unlevered Free Cash Flow Margin	55.8	45.84	47.85	48.61	48.88
Asset Turnover
Asset Turnover	0.33	0.21	0.32	0.33	0.33
Fixed Assets Turnover	46.08	32.22	48.84	53.73	58.34
Receivables Turnover (Average Receivables)	3.66	3.66	3.6	3.57	3.65
Short Term Liquidity
Current Ratio	0.68	0.66	0.63	0.63	0.64
Quick Ratio	0.54	0.53	0.5	0.53	0.53
Operating Cash Flow to Current Liabilities	0.33	0.3	0.28	0.32	0.34
Days Sales Outstanding (Average Receivables)	99.72	99.8	101.31	102.65	100.04
Long Term Solvency
Total Debt/Equity	6.84	8.46	7.22	6.28	5.57
Total Debt / Total Capital	6.41	7.8	6.74	5.91	5.27
LT Debt/Equity	6.3	7.82	6.86	5.96	5.28
Long-Term Debt / Total Capital	5.89	7.21	6.4	5.61	5
Total Liabilities / Total Assets	58.25	64.58	63.08	61.82	61.19
EBIT / Interest Expense	70.25	-12.08	43.15	54.92	57.23
EBITDA / Interest Expense	72.08	-9.58	45.28	57.43	60.45
(EBITDA - Capex) / Interest Expense	71.79	-9.87	44.94	57.02	60.08
Total Debt / EBITDA	0.23	-1.75	0.36	0.29	0.28
Net Debt / EBITDA	-0.06	0.73	-0.01	-0.04	-0.17
Total Debt / (EBITDA - Capex)	0.24	-1.7	0.36	0.29	0.28
Net Debt / (EBITDA - Capex)	-0.06	0.71	-0.01	-0.04	-0.17
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	27.79	-31.91	52.57	13.22	11.41
Gross Profit, 1 Yr. Growth %	130.82	-113.93	-557.3	24.32	4.08
EBITDA, 1 Yr. Growth %	133.54	-113.36	-575.1	24.53	5.26
EBITA, 1 Yr. Growth %	139.73	-117.19	-463.49	24.94	4.19
EBIT, 1 Yr. Growth %	139.73	-117.19	-463.49	24.94	4.19
Earnings From Cont. Operations, 1 Yr. Growth %	142.27	-116.5	-478.44	24.36	4.41
Net Income, 1 Yr. Growth %	142.27	-116.5	-478.44	24.36	4.41
Normalized Net Income, 1 Yr. Growth %	144.83	-118.88	-427.95	25.57	4.27
Diluted EPS Before Extra, 1 Yr. Growth %	141.66	-116.91	-480.21	24.61	4.4
Net Property, Plant and Equip., 1 Yr. Growth %	-3.76	-1.46	2.97	2.88	2.34
Accounts Receivable, 1 Yr. Growth %	9.26	13.1	11.63	14.54	5.83
Total Assets, 1 Yr. Growth %	13.96	-5.26	10.21	11.39	12.33
Common Equity, 1 Yr. Growth %	21.47	-19.64	14.54	15.18	14.18
Tangible Book Value, 1 Yr. Growth %	21.47	-19.73	14.63	15.26	14.24
Cash From Operations, 1 Yr. Growth %	32.86	3.58	0	29.09	17.48
Capital Expenditures, 1 Yr. Growth %	-25	0	20	22.22	-9.09
Levered Free Cash Flow, 1 Yr. Growth %	359.67	13.65	-2.29K	227.68	198.38
Unlevered Free Cash Flow, 1 Yr. Growth %	349.46	13.48	-2.71K	223.14	195.24
Dividend Per Share, 1 Yr. Growth %	5	9.52	8.7	8	7.41
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	10.24	-6.72	1.99	31.43	12.31
Gross Profit, 2 Yr. CAGR %	20.54	-43.3	-20.36	138.44	13.76
EBITDA, 2 Yr. CAGR %	21.22	-44.44	-20.55	143.24	14.49
EBITA, 2 Yr. CAGR %	21.43	-35.8	-21.19	113.1	14.09
EBIT, 2 Yr. CAGR %	21.43	-35.8	-21.19	113.1	14.09
Earnings From Cont. Operations, 2 Yr. CAGR %	21.46	-36.78	-21.2	116.94	13.95
Net Income, 2 Yr. CAGR %	21.46	-36.78	-21.2	116.94	13.95
Normalized Net Income, 2 Yr. CAGR %	21.85	-32.01	-21.55	102.93	14.43
Diluted EPS Before Extra, 2 Yr. CAGR %	22.31	-36.08	-20.05	117.67	14.06
Net Property, Plant and Equip., 2 Yr. CAGR %	-0.48	-2.62	0.73	2.93	2.61
Accounts Receivable, 2 Yr. CAGR %	7.49	11.16	12.36	13.08	10.1
Total Assets, 2 Yr. CAGR %	11.14	3.91	2.18	10.8	11.86
Common Equity, 2 Yr. CAGR %	15.26	-1.2	-3.92	14.86	14.68
Tangible Book Value, 2 Yr. CAGR %	15.26	-1.49	-3.94	14.94	14.75
Cash From Operations, 2 Yr. CAGR %	28.06	17.31	1.78	13.62	23.15
Capital Expenditures, 2 Yr. CAGR %	-20.94	-13.4	9.54	21.11	5.41
Levered Free Cash Flow, 2 Yr. CAGR %	91.59	58.07	34.41	402.69	91.68
Unlevered Free Cash Flow, 2 Yr. CAGR %	90.03	56.74	34.05	447.8	90.29
Dividend Per Share, 2 Yr. CAGR %	6.07	7.24	9.11	8.35	7.7
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	21.22	-6.12	9.94	5.6	24.39
Gross Profit, 3 Yr. CAGR %	113.18	-41.29	13.78	-7.61	80.88
EBITDA, 3 Yr. CAGR %	118.26	-41.76	13.69	-7.71	83.98
EBITA, 3 Yr. CAGR %	130.5	-36.71	14.48	-8.1	67.88
EBIT, 3 Yr. CAGR %	130.5	-36.71	14.48	-8.1	67.88
Earnings From Cont. Operations, 3 Yr. CAGR %	117.33	-37.57	14.87	-8.25	70.01
Net Income, 3 Yr. CAGR %	117.33	-37.57	14.87	-8.25	70.01
Normalized Net Income, 3 Yr. CAGR %	144.53	-34.55	14.94	-8.23	62.54
Diluted EPS Before Extra, 3 Yr. CAGR %	117.88	-36.76	15.9	-7.3	70.39
Net Property, Plant and Equip., 3 Yr. CAGR %	1.68	-0.81	-0.79	1.44	2.73
Accounts Receivable, 3 Yr. CAGR %	7.69	9.33	11.32	13.09	10.61
Total Assets, 3 Yr. CAGR %	12.69	5.38	5.96	5.16	11.31
Common Equity, 3 Yr. CAGR %	18.71	2.2	3.89	2.07	14.64
Tangible Book Value, 3 Yr. CAGR %	18.71	2.01	3.72	2.08	14.71
Cash From Operations, 3 Yr. CAGR %	18.82	19.32	11.23	10.17	14.89
Capital Expenditures, 3 Yr. CAGR %	-9.14	-14.5	-3.45	13.62	10.06
Levered Free Cash Flow, 3 Yr. CAGR %	188.3	26.89	58.72	27.65	204.86
Unlevered Free Cash Flow, 3 Yr. CAGR %	175.86	26.41	57.62	27.38	222.77
Dividend Per Share, 3 Yr. CAGR %	5.93	7.21	7.72	8.74	8.03
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	12.06	2.73	13.12	7.43	10.88
Gross Profit, 5 Yr. CAGR %	32.05	-9.44	43.96	2.88	13.77
EBITDA, 5 Yr. CAGR %	33.12	-9.35	46.09	3.21	14.01
EBITA, 5 Yr. CAGR %	33.9	-3.95	50.28	2.89	14.32
EBIT, 5 Yr. CAGR %	33.9	-3.95	50.28	2.89	14.32
Earnings From Cont. Operations, 5 Yr. CAGR %	37.89	-14.2	45.05	2.79	14.5
Net Income, 5 Yr. CAGR %	37.89	-14.2	45.05	2.79	14.5
Normalized Net Income, 5 Yr. CAGR %	35.21	-1.03	55.42	2.94	14.73
Diluted EPS Before Extra, 5 Yr. CAGR %	38.51	-13.42	46.13	3.73	15.16
Net Property, Plant and Equip., 5 Yr. CAGR %	2.3	1.77	1.3	0.67	0.56
Accounts Receivable, 5 Yr. CAGR %	6.02	7.88	9.53	10.81	10.83
Total Assets, 5 Yr. CAGR %	9.01	6.36	8.36	7.51	8.28
Common Equity, 5 Yr. CAGR %	13.17	5.02	9.08	7.15	8.08
Tangible Book Value, 5 Yr. CAGR %	13.17	4.9	8.97	7.06	8
Cash From Operations, 5 Yr. CAGR %	12.18	14.3	11.68	17	15.85
Capital Expenditures, 5 Yr. CAGR %	2.9	-1.28	-2.09	-1.73	0
Levered Free Cash Flow, 5 Yr. CAGR %	56.74	34.11	84.44	30.36	38.85
Unlevered Free Cash Flow, 5 Yr. CAGR %	55.16	33.15	79.66	29.93	38.23
Dividend Per Share, 5 Yr. CAGR %	5.59	6.65	7.19	7.66	7.71