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Form 8-K

sec.gov

8-K — CINCINNATI FINANCIAL CORP

Accession: 0000020286-26-000025

Filed: 2026-04-27

Period: 2026-04-27

CIK: 0000020286

SIC: 6331 (FIRE, MARINE & CASUALTY INSURANCE)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — cinf-20260427.htm (Primary)

EX-99.1 (exhibit9911q26.htm)

EX-99.2 (exhibit9921q26.htm)

GRAPHIC (cfc_logox2945xcolor.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: cinf-20260427.htm · Sequence: 1

cinf-20260427

0000020286false00000202862026-04-272026-04-27

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

Date of Report: April 27, 2026

(Date of earliest event reported)

CINCINNATI FINANCIAL CORPORATION

(Exact name of registrant as specified in its charter)

Ohio 0-4604 31-0746871

(State or other jurisdiction

of incorporation) (Commission

File Number) (I.R.S. Employer

Identification No.)

6200 S. Gilmore Road Fairfield, Ohio 45014‑5141

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (513) 870-2000

N/A

(Former name or former address, if changed since last report.)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered

Common stock CINF Nasdaq Global Select Market

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13a-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§203.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

☐    Emerging growth company

☐    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Item 2.02 Results of Operations and Financial Condition.

On April 27, 2026, Cincinnati Financial Corporation issued the attached news release titled “Cincinnati Financial Reports First-Quarter 2026 Results,” furnished as Exhibit 99.1 hereto and incorporated herein by reference. On April 27, 2026, the company also distributed the attached information titled “Supplemental Financial Data,” furnished as Exhibit 99.2 hereto and incorporated herein by reference.

This report should not be deemed an admission as to the materiality of any information contained in the news releases or supplemental financial data.

In accordance with general instruction B.2 of Form 8-K, the information furnished in this report shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.

Item 9.01 Financial Statements and Exhibits.

(c)     Exhibits

Exhibit 99.1 — News release dated April 27, 2026, titled "Cincinnati Financial Reports First-Quarter 2026 Results"

Exhibit 99.2 — Supplemental Financial Data for the period ending March 31, 2026 distributed April 27, 2026

Exhibit 104 – The cover page from this Current Report on Form 8-K, formatted as Inline XBRL

Signature

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CINCINNATI FINANCIAL CORPORATION

Date: April 27, 2026 /S/ Michael J. Sewell

Michael J. Sewell, CPA

Chief Financial Officer, Executive Vice President and Treasurer

(Principal Accounting Officer)

EX-99.1

EX-99.1

Filename: exhibit9911q26.htm · Sequence: 2

Document

The Cincinnati Insurance Company n The Cincinnati Indemnity Company

The Cincinnati Casualty Company n The Cincinnati Specialty Underwriters Insurance Company

The Cincinnati Life Insurance Company n CFC Investment Company n CSU Producer Resources Inc.

Cincinnati Global Underwriting Ltd. n Cincinnati Global Underwriting Agency Ltd.

Investor Contact: Dennis E. McDaniel, 513-870-2768

CINF-IR@cinfin.com

Media Contact: Betsy E. Ertel, 513-603-5323

Media_Inquiries@cinfin.com

Cincinnati Financial Reports First-Quarter 2026 Results

Cincinnati, April 27, 2026 – Cincinnati Financial Corporation (Nasdaq: CINF) today reported:

•First-quarter 2026 net income of $274 million, or $1.75 per share, compared with a net loss of $90 million, or $0.57 per share, in the first quarter of 2025, after recognizing an $82 million first-quarter 2026 after-tax decrease in the fair value of equity securities still held.

•First-quarter 2026 non-GAAP operating income* of $330 million, or $2.10 per share, compared with an operating loss of $37 million, or $0.24 per share, in the first quarter of last year. The increase of $367 million included a favorable effect of $233 million from a decrease in after-tax catastrophe losses.

•$364 million increase in first-quarter 2026 net income, compared with first-quarter 2025, primarily due to after-tax net increases of $326 million from property casualty underwriting profit and $31 million from investment income.

•$101.60 book value per share at March 31, 2026, down $0.75 since year-end.

•0.2% value creation ratio for the first three months of 2026, compared with negative 0.5% for the same period of 2025.

Financial Highlights

(Dollars in millions, except per share data) Three months ended March 31,

2026 2025 % Change

Revenue Data

Earned premiums $ 2,604  $ 2,344  11

Investment income, net of expenses 318  280  14

Total revenues 2,863  2,566  12

Income Statement Data

Net income (loss) $ 274  $ (90) nm

Investment gains and losses, after-tax (56) (53) (6)

Non-GAAP operating income (loss)* $ 330  $ (37) nm

Per Share Data (diluted)

Net income (loss) $ 1.75  $ (0.57) nm

Investment gains and losses, after-tax (0.35) (0.33) (6)

Non-GAAP operating income (loss)* $ 2.10  $ (0.24) nm

Book value $ 101.60  $ 87.78  16

Cash dividend declared $ 0.94  $ 0.87  8

Diluted weighted average shares outstanding 157.0  156.4  0

*    The Definitions of Non-GAAP Information and Reconciliation to Comparable GAAP Measures section defines and reconciles measures presented in this release that are not based on U.S. Generally Accepted Accounting Principles.

Forward-looking statements and related assumptions are subject to the risks outlined in the company’s safe harbor statement.

CINF 1Q26 Release 1

Insurance Operations Highlights

•95.6% first-quarter 2026 property casualty combined ratio, improved from 113.3% for the first quarter of 2025.

•7% growth in first-quarter net written premiums, including price increases, premium growth initiatives, a higher level of insured exposures and with 2% of the growth due to first-quarter 2025 net reinstatement premiums.

•$339 million first-quarter 2026 property casualty new business written premiums, down 11%. Agencies appointed since the beginning of 2025 contributed $23 million or 7% of total new business written premiums.

•$26 million first-quarter 2026 life insurance subsidiary net income, up $5 million compared with the first quarter of 2025, and 7% growth in first-quarter 2026 term life insurance earned premiums.

Investment and Balance Sheet Highlights

•14% or $38 million increase in first-quarter 2026 pretax investment income, including a 12% increase in bond interest income and a 13% increase in stock portfolio dividends.

•Three-month increase of 1% in fair value of total investments at March 31, 2026, including a 2% increase for the bond portfolio and a 1% decrease for the stock portfolio.

•$5.550 billion parent company cash and marketable securities at March 31, 2026, down less than 1% from year-end 2025.

Solid Start to the Year

Stephen M. Spray, president and CEO, commented: “We recorded $330 million of non-GAAP operating income in the first quarter compared to a loss of $37 million a year ago.

“The first-quarter results for our insurance operations laid a nice foundation for us to build on for the rest of the year. Our 95.6% combined ratio improved almost 18 points from last year’s 113.3%. While lower catastrophe losses drove much of the improvement, we also saw a decline in our current accident year combined ratio before catastrophe losses – giving us confidence in the health of our overall book of business. As we continue to refine pricing segmentation and risk selection, we’ve lowered that ratio by 3 points compared with last year’s first quarter to 87.5%.

“Robust results from our investment operations also contributed. Pretax investment income rose $38 million in the first quarter as dividends from our equity portfolio increased 13% and bond interest income grew 12%.”

Focus on Underwriting Discipline

“Since 2018, we’ve doubled the size of our insurance portfolio, growing from around $5 billion in net written premiums to more than $10 billion at the end of 2025. We intend to continue growing through all market cycles, and we understand that growth can’t come at the cost of underwriting profitability.

“Consolidated net written premiums grew 7% compared with first-quarter 2025. While average renewal pricing increases moderated slightly, we continued to price on a policy-by-policy basis. The pricing sophistication we’ve built into our underwriting process allows our underwriters to charge what we believe is an appropriate rate for the risk we are assuming based on each account’s unique characteristics. That rate might be higher or lower than the average.

“For the remainder of the year, we’ll lean into our strategy of appointing more agencies and offering new products as a means to continue delivering profitable growth. In just the first three months of 2026, we’ve appointed 108 agencies across the U.S. We also continued to add new products, especially in excess and surplus lines.

“E&S isn’t the market of last resort anymore. While it remains flexible in terms and rates, our approach to this business has been more strategic. We often find that if we can write one portion of the account through our E&S operations, we have a better chance of placing other risks for that account in our standard business.”

Confidence in the Future

“At March 31, parent company cash and marketable securities remained strong at more than $5 billion, and our equity portfolio holds more than $8 billion in appreciated value before taxes. In January, the board of directors expressed its confidence in our financial strength by again raising the cash dividend.

“Our associates are determined to do things just a little better every day, strengthening our ability to compete by enhancing the advantages of our local independent agencies. That has been and continues to be our plan for creating shareholder value far into the future.”

CINF 1Q26 Release 2

Insurance Operations Highlights

Consolidated Property Casualty Insurance Results

(Dollars in millions) Three months ended March 31,

2026 2025 % Change

Earned premiums $ 2,519 $ 2,264 11

Fee revenues 4 4 0

Total revenues 2,523 2,268 11

Loss and loss expenses 1,667 1,887 (12)

Underwriting expenses 741 679 9

Underwriting profit (loss) $ 115 $ (298) nm

Ratios as a percent of earned premiums: Pt. Change

Loss and loss expenses 66.2  % 83.3  % (17.1)

Underwriting expenses 29.4  30.0  (0.6)

Combined ratio 95.6  % 113.3  % (17.7)

% Change

Agency renewal written premiums $ 2,045 $ 1,912 7

Agency new business written premiums 339 383 (11)

Other written premiums 284 200 42

Net written premiums $ 2,668 $ 2,495 7

Ratios as a percent of earned premiums: Pt. Change

Current accident year before catastrophe losses 58.1  % 60.5  % (2.4)

Current accident year catastrophe losses 11.3  26.8  (15.5)

Prior accident years before catastrophe losses (2.7) (2.2) (0.5)

Prior accident years catastrophe losses (0.5) (1.8) 1.3

Loss and loss expense ratio 66.2  % 83.3  % (17.1)

Current accident year combined ratio before catastrophe losses 87.5  % 90.5  % (3.0)

•$173 million or 7% growth of first-quarter 2026 property casualty net written premiums, reflecting premium growth initiatives, price increases and a higher level of insured exposures. The growth included the effect of $52 million of net reinstatement premiums in first-quarter 2025 related to the January 2025 wildfires in southern California. The contribution to first-quarter growth from Cincinnati Re® and Cincinnati Global Underwriting Ltd.SM in total was 0.9 percentage points.

•$44 million decrease in first-quarter 2026 new business premiums written by agencies, due to our personal lines insurance segment. The $44 million decrease included a $19 million increase in production from agencies appointed since the beginning of 2025.

•108 new agency appointments in the first three months of 2026, including 19 that market only our personal lines products.

•17.7 percentage-point first-quarter 2026 combined ratio improvement, including a decrease of 14.2 points for losses from catastrophes.

•3.2 percentage-point first-quarter 2026 benefit from favorable prior accident year reserve development of $81 million, compared with 4.0 points or $91 million for first-quarter 2025.

•2.4 percentage-point improvement in the three-month 2026 ratio for current accident year loss and loss expenses before catastrophes, including a favorable 1.4 points due to the effect of net reinstatement premiums in first-quarter 2025.

•0.6 percentage-point decrease in the underwriting expense ratio for the first three months of 2026, compared with the same period of 2025. The 2025 ratio included an unfavorable 0.7 points from the effect of net reinstatement premiums in first-quarter 2025.

CINF 1Q26 Release 3

Commercial Lines Insurance Results

(Dollars in millions) Three months ended March 31,

2026 2025 % Change

Earned premiums $ 1,241  $ 1,179  5

Fee revenues 1  2  (50)

Total revenues 1,242  1,181  5

Loss and loss expenses 847  735  15

Underwriting expenses 377  349  8

Underwriting profit $ 18  $ 97  (81)

Ratios as a percent of earned premiums: Pt. Change

Loss and loss expenses 68.2  % 62.3  % 5.9

Underwriting expenses 30.4  29.6  0.8

Combined ratio 98.6  % 91.9  % 6.7

% Change

Agency renewal written premiums $ 1,184  $ 1,152  3

Agency new business written premiums 205  203  1

Other written premiums (30) (30) 0

Net written premiums $ 1,359  $ 1,325  3

Ratios as a percent of earned premiums: Pt. Change

Current accident year before catastrophe losses 62.8  % 61.1  % 1.7

Current accident year catastrophe losses 9.7  4.8  4.9

Prior accident years before catastrophe losses (4.2) (2.4) (1.8)

Prior accident years catastrophe losses (0.1) (1.2) 1.1

Loss and loss expense ratio 68.2  % 62.3  % 5.9

Current accident year combined ratio before catastrophe losses 93.2  % 90.7  % 2.5

•$34 million or 3% growth in first-quarter 2026 commercial lines net written premiums, primarily due to higher agency renewal premiums.

•$32 million or 3% increase in first-quarter renewal written premiums, with commercial lines average renewal pricing increases near the high end of the low-single-digit percent range.

•$2 million or 1% increase in first-quarter 2026 new business premiums written by agencies, as we continue to carefully underwrite each policy in a highly competitive market.

•6.7 percentage-point first-quarter 2026 combined ratio increase, including an increase of 6.0 points for losses from catastrophes.

•4.3 percentage-point first-quarter 2026 benefit from favorable prior accident year reserve development of $53 million, compared with 3.6 points or $43 million for first-quarter 2025.

CINF 1Q26 Release 4

Personal Lines Insurance Results

(Dollars in millions) Three months ended March 31,

2026 2025 % Change

Earned premiums $ 873  $ 698  25

Fee revenues 2  1  100

Total revenues 875  699  25

Loss and loss expenses 607  846  (28)

Underwriting expenses 238  210  13

Underwriting profit (loss) $ 30  $ (357) nm

Ratios as a percent of earned premiums: Pt. Change

Loss and loss expenses 69.5  % 121.2  % (51.7)

Underwriting expenses 27.3  30.1  (2.8)

Combined ratio 96.8  % 151.3  % (54.5)

% Change

Agency renewal written premiums $ 726  $ 634  15

Agency new business written premiums 76  127  (40)

Other written premiums (27) (89) 70

Net written premiums $ 775  $ 672  15

Ratios as a percent of earned premiums: Pt. Change

Current accident year before catastrophe losses 53.2  % 63.3  % (10.1)

Current accident year catastrophe losses 17.1  60.6  (43.5)

Prior accident years before catastrophe losses (0.5) (0.8) 0.3

Prior accident years catastrophe losses (0.3) (1.9) 1.6

Loss and loss expense ratio 69.5  % 121.2  % (51.7)

Current accident year combined ratio before catastrophe losses 80.5  % 93.4  % (12.9)

•$103 million or 15% growth in first-quarter 2026 personal lines net written premiums, including higher agency renewal written premiums that benefited from rate increases in the high-single-digit percent range. The growth included the effect of $64 million or 10% from other written premiums due to reinstatement premiums in first-quarter 2025.

•$51 million or 40% decrease in first-quarter 2026 new business premiums written by agencies, as we continue to carefully underwrite each policy in a highly competitive market.

•54.5 percentage-point first-quarter 2026 combined ratio improvement, including a decrease of 41.9 points for losses from catastrophes.

•0.8 percentage-point first-quarter 2026 favorable prior accident year reserve development of $7 million, compared with 2.7 points or $19 million for first-quarter 2025.

•10.1 percentage-point improvement in the three-month 2026 ratio for current accident year loss and loss expenses before catastrophes, including 5.3 points for the effect of 2025 reinstatement premiums.

•2.8 percentage-point decrease in the underwriting expense ratio for the first three months of 2026, compared with the same period of 2025, reflecting a favorable 2.5 points for the effect of first-quarter 2025 reinstatement premiums.

CINF 1Q26 Release 5

Excess and Surplus Lines Insurance Results

(Dollars in millions) Three months ended March 31,

2026 2025 % Change

Earned premiums $ 180  $ 162  11

Fee revenues 1  1  0

Total revenues 181  163  11

Loss and loss expenses 110  99  11

Underwriting expenses 50  44  14

Underwriting profit $ 21  $ 20  5

Ratios as a percent of earned premiums: Pt. Change

Loss and loss expenses 61.2  % 60.9  % 0.3

Underwriting expenses 28.1  27.4  0.7

Combined ratio 89.3  % 88.3  % 1.0

% Change

Agency renewal written premiums $ 135  $ 126  7

Agency new business written premiums 58  53  9

Other written premiums (11) (11) 0

Net written premiums $ 182  $ 168  8

Ratios as a percent of earned premiums: Pt. Change

Current accident year before catastrophe losses 64.6  % 65.6  % (1.0)

Current accident year catastrophe losses 1.1  0.8  0.3

Prior accident years before catastrophe losses (4.1) (5.0) 0.9

Prior accident years catastrophe losses (0.4) (0.5) 0.1

Loss and loss expense ratio 61.2  % 60.9  % 0.3

Current accident year combined ratio before catastrophe losses 92.7  % 93.0  % (0.3)

•$14 million or 8% growth in first-quarter 2026 excess and surplus lines net written premiums, including higher agency renewal written premiums that benefited from price increases averaging in the mid-single-digit percent range.

•$5 million or 9% increase in first-quarter 2026 new business premiums written by agencies, as we continue to carefully underwrite each policy in a highly competitive market.

•1.0 percentage-point first-quarter 2026 combined ratio increase, driven by 1.0 points of less favorable reserve development on prior accident year loss and loss expenses.

•4.5 percentage-point first-quarter 2026 benefit from favorable prior accident year reserve development of $8 million, compared with 5.5 points or $9 million for first-quarter 2025.

CINF 1Q26 Release 6

Life Insurance Subsidiary Results

(Dollars in millions) Three months ended March 31,

2026 2025 % Change

Term life insurance $ 61  $ 57  7

Whole life insurance 14  13  8

Universal life and other 10  10  0

Earned premiums 85  80  6

Investment income, net of expenses 54  50  8

Investment gains and losses, net —  (1) 100

Fee revenues 1  1  0

Total revenues 140  130  8

Contract holders’ benefits incurred 84  81  4

Underwriting expenses incurred 23  23  0

Total benefits and expenses 107  104  3

Net income before income tax 33  26  27

Income tax provision 7  5  40

Net income of the life insurance subsidiary $ 26  $ 21  24

•$5 million increase in first-quarter 2026 earned premiums, including a 7% increase for term life insurance, our largest life insurance product line.

•$5 million increase in three-month 2026 life insurance subsidiary net income, primarily due to increased investment income, increased earned premiums and decreased investment losses from fixed-maturity securities.

•$8 million or 1% three-month 2026 decrease, to $1.459 billion, in GAAP shareholders’ equity for the life insurance subsidiary, primarily from an increase in unrealized investment losses on fixed-maturity securities, largely offset by net income.

CINF 1Q26 Release 7

Investment and Balance Sheet Highlights

Investments Results

(Dollars in millions) Three months ended March 31,

2026 2025 % Change

Investment income, net of expenses $ 318  $ 280  14

Investment interest credited to contract holders (32) (32) 0

Investment gains and losses, net (70) (67) (4)

Investments profit $ 216  $ 181  19

Investment income:

Interest $ 235  $ 210  12

Dividends 76  67  13

Other 12  7  71

Less investment expenses 5  4  25

Investment income, pretax 318  280  14

Less income taxes 55  48  15

Total investment income, after-tax $ 263  $ 232  13

Investment returns:

Average invested assets plus cash and cash

equivalents $ 33,504  $ 29,946

Average yield pretax 3.80  % 3.74  %

Average yield after-tax 3.14  3.10

Effective tax rate 17.2  17.2

Fixed-maturity returns:

Average amortized cost $ 18,724  $ 17,071

Average yield pretax 5.02  % 4.92  %

Average yield after-tax 4.10  4.02

Effective tax rate 18.4  18.3

•$38 million or 14% rise in first-quarter 2026 pretax investment income, including a 12% increase in interest income from fixed-maturity securities and a 13% increase in equity portfolio dividends.

•$290 million in first-quarter 2026 pretax total investment losses, summarized in the table below. Changes in unrealized gains or losses reported in other comprehensive income, in addition to investment gains and losses reported in net income, are useful for evaluating total investment performance over time and are major components of changes in book value and the value creation ratio.

(Dollars in millions) Three months ended March 31,

2026 2025

Investment gains and losses on equity securities sold, net $ 33  $ (1)

Unrealized gains and losses on equity securities still held, net (104) (71)

Investment gains and losses on fixed-maturity securities, net —  (2)

Other 1  7

Subtotal - investment gains and losses reported in net income (70) (67)

Change in unrealized investment gains and losses - fixed maturities (220) 67

Total $ (290) $ —

CINF 1Q26 Release 8

Balance Sheet Highlights

(Dollars in millions, except share data) At March 31, At December 31,

2026 2025

Total investments $ 32,001  $ 31,783

Total assets 41,211  41,002

Short-term debt 25  25

Long-term debt 791  790

Shareholders’ equity 15,714  15,911

Book value per share 101.60  102.35

Debt-to-total-capital ratio 4.9  % 4.9  %

•$33.211 billion in consolidated cash and total investments at March 31, 2026, a decrease of less than 1% from $33.214 billion at year-end 2025.

•$18.545 billion bond portfolio at March 31, 2026, with an average rating of A2/A. Fair value increased $422 million during the first quarter of 2026, including $624 million in net purchases of fixed-maturity securities.

•$12.569 billion equity portfolio was 39.3% of total investments, including $8.143 billion in appreciated value before taxes at March 31, 2026. First-quarter 2026 decrease in fair value of $125 million, including $54 million in net sales of equity securities.

•$0.75 first-quarter 2026 decrease in book value per share, including an addition of $2.14 of net income before investment gains that were partially offset by $1.48 from investment portfolio net investment losses or changes in unrealized gains for fixed-maturity securities, $0.47 for other items and $0.94 from dividends declared to shareholders.

•Value creation ratio of 0.2% for the first three months of 2026, including 2.1% from net income before investment gains, which includes underwriting and investment income, partially offset by 1.1% from changes in unrealized gains for fixed-maturity securities, 0.4% from investment losses for equity securities and 0.4% for other items.

For additional information or to register for our conference call webcast, please visit investors.cinfin.com.

About Cincinnati Financial

Cincinnati Financial Corporation offers primarily business, home and auto insurance through The Cincinnati Insurance Company and its two standard market property casualty companies. The same local independent insurance agencies that market those policies may offer products of our other subsidiaries, including life insurance, fixed annuities and surplus lines property and casualty insurance. For additional information about the company, please visit cinfin.com.

Mailing Address:                        Street Address:

P.O. Box 145496                        6200 South Gilmore Road

Cincinnati, Ohio 45250-5496                    Fairfield, Ohio 45014-5141

CINF 1Q26 Release 9

Safe Harbor Statement

Our business is subject to certain risks and uncertainties that may cause actual results to differ materially from those suggested by forward-looking statements. Any forward-looking statements contained herein, are based upon our current estimates, assumptions and plans that are subject to uncertainty. These statements are made subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words like “seek,” “expect,” “will,” “should,” “could,” “might,” “anticipate,” “believe,” “estimate,” “intend,” “likely,” “future,” or other similar expressions. Forward-looking statements speak only as of the date they were made; we assume no obligation to update such statements. Factors that could cause actual results to differ materially from those expressed in, or implied by, the forward-looking statements include, but are not limited to:

Insurance-Related Risks

•Risks and uncertainties associated with our loss reserves or actual claim costs exceeding reserves

•Increased frequency and/or severity of claims or development of claims that are unforeseen at the time of policy issuance

•Unusually high levels of catastrophe losses due to risk concentrations or changes in weather patterns, environmental events, war or political unrest, terrorism incidents, cyberattacks, civil unrest or other causes; and our ability to manage catastrophe risk

•Risks associated with analytical models in key areas such as underwriting, pricing, capital management, reserving, investments, reinsurance, and catastrophe risk management

•Inadequate estimates or assumptions, or reliance on third-party data used for critical accounting estimates

•Events or conditions that could weaken or harm our relationships with our independent agencies and hamper opportunities to add new agencies, resulting in limitations on our opportunities for growth

•Mergers, acquisitions, and other consolidations of agencies that result in a concentration of a significant amount of premium in one agency or agency group and/or alter our competitive advantages

•Our inability to manage business opportunities, growth prospects, and expenses for our ongoing operations

•Changing consumer insurance-buying habits

•The inability to obtain adequate ceded reinsurance on acceptable terms, for acceptable amounts, and from financially strong reinsurers; and the potential for nonpayment or delay in payment by reinsurers

•Domestic and global events, such as the wars in Ukraine and in the Middle East, future pandemics, inflationary trends, changes in U.S. trade and tariff policy, and disruptions in the banking and financial services industry, resulting in insurance losses, capital market or credit market uncertainty, followed by prolonged periods of economic instability or recession, that lead to:

◦Securities market disruption or volatility and related effects such as decreased economic activity and continued supply chain disruptions that affect our investment portfolio and book value

◦Significant or prolonged decline in the fair value of securities and impairment of the assets

◦Significant decline in investment income due to reduced or eliminated dividend payouts from securities

◦Significant rise in losses from surety or director and officer policies written for financial institutions or other insured entities or in losses from policies written by Cincinnati Re or Cincinnati Global

◦An unusually high level of claims in our insurance or reinsurance operations that increase litigation-related expenses

◦Decreased premium revenue and cash flow from disruption to our distribution channel of independent agents, consumer self-isolation, travel limitations, business restrictions and decreased economic activity

◦The inability of our workforce, agencies, or vendors to perform necessary business functions

Financial, Economic, and Investment Risks

•Declines in overall stock market values negatively affecting our equity portfolio and book value

•Downgrades in our financial strength ratings

•Interest rate fluctuations or other factors that could significantly affect:

◦Our ability to generate growth in investment income

◦Values of our fixed-maturity investments and accounts in which we hold bank-owned life insurance contract assets

◦Our traditional life policy reserves

•Economic volatility and illiquidity associated with our alternative investments in private equity, private credit, real property, and limited partnerships

CINF 1Q26 Release 10

•Failure to comply with covenants and other requirements under our credit facilities, senior debt, and other debt obligations

•Recession, prolonged elevated inflation, or other economic conditions resulting in lower demand for insurance products or increased payment delinquencies

•The inability of our subsidiaries to pay dividends consistent with current or past levels impacting our ability to pay shareholder dividends or repurchase shares

General Business, Technology, and Operational Risks

•Ineffective information technology systems or failing to develop and implement improvements in technology

•Difficulties with technology or data security breaches, including cyberattacks, could negatively affect our, or our agents’, ability to conduct business; disrupt our relationships with agents, policyholders, and others; cause reputational damage, mitigation expenses, data loss, and expose us to liability

•Difficulties with our operations and technology that may negatively impact our ability to conduct business, including cloud-based data information storage, data security, remote working capabilities, and/or outsourcing relationships and third-party operations and data security

•Disruption of the insurance market caused by technology innovations such as driverless cars that could decrease consumer demand for insurance products

•Delays, inadequate data developed internally or from third parties, or performance inadequacies from ongoing development and implementation of underwriting and pricing models and methods, including usage-based insurance methods, automation, artificial intelligence, or technology projects and enhancements expected to increase our efficiency, pricing accuracy, underwriting profit, and competitiveness

•Intense competition, and the impact of innovation, emerging technologies, artificial intelligence and changing customer preferences on the insurance industry and the markets in which we operate, could harm our ability to maintain or increase our business volumes and profitability

•Inability to defer policy acquisition costs for any business segment if pricing and loss trends would lead management to conclude that the segment could not achieve sustainable profitability

•Unforeseen departure of certain executive officers or other key employees that could interrupt progress toward important strategic goals or diminish the effectiveness of certain longstanding relationships with insurance agents and others

•Our inability, or the inability of our independent agents, to attract and retain personnel

•Events, such as a pandemic, an epidemic, natural catastrophe, or terrorism, which could hamper our ability to assemble our workforce, work effectively in a remote environment, or other failures of business continuity or disaster recovery programs

Regulatory, Compliance, and Legal Risks

•Actions of insurance departments, state attorneys general or other regulatory agencies, including a change to a federal system of regulation from a state-based system, that:

◦Impose new obligations on us that increase our expenses or change the assumptions underlying our critical accounting estimates

◦Place the insurance industry under greater regulatory scrutiny or result in new statutes, rules, and regulations

◦Restrict our ability to exit or reduce writings of unprofitable coverages or lines of business

◦Increase assessments for guaranty funds, other insurance‑related assessments, or mandatory reinsurance arrangements; or that impair our ability to recover such assessments through future surcharges or other rate changes

◦Increase our provision for federal income taxes due to changes in tax laws, regulations, or interpretations

◦Increase other expenses

◦Limit our ability to set fair, adequate, and reasonable rates

◦Restrict our ability to cancel policies

◦Impose new underwriting standards

◦Place us at a disadvantage in the marketplace

◦Restrict our ability to execute our business model, including the way we compensate agents

CINF 1Q26 Release 11

•Adverse outcomes from litigation, environmental claims, mass torts or administrative proceedings, including effects of social inflation and third-party litigation funding on the size and frequency of litigation awards

•Events or actions, including unauthorized intentional circumvention of controls, which reduce our future ability to maintain effective internal control over financial reporting under the Sarbanes-Oxley Act of 2002

•Effects of changing social, global, economic, and regulatory environments

•Additional measures affecting corporate financial reporting and governance that can affect the market value of our common stock

Risks and uncertainties are further discussed in other filings with the Securities and Exchange Commission, including our 2025 Annual Report on Form 10-K, Item 1A, Risk Factors, Page 30.

* * *

CINF 1Q26 Release 12

Cincinnati Financial Corporation

Condensed Consolidated Balance Sheets and Statements of Income (unaudited)

(Dollars in millions) March 31, December 31,

2026 2025

Assets

Investments   $ 32,001  $ 31,783

Cash and cash equivalents 1,210  1,431

Premiums receivable 3,321  3,142

Reinsurance recoverable 627  655

Deferred policy acquisition costs 1,384  1,344

Other assets 2,668  2,647

Total assets   $ 41,211  $ 41,002

Liabilities

Insurance reserves   $ 14,924  $ 14,499

Unearned premiums 5,424  5,254

Deferred income tax 1,710  1,833

Long-term debt and lease obligations 859  861

Other liabilities 2,580  2,644

Total liabilities 25,497  25,091

Shareholders’ Equity

Common stock and paid-in capital 1,958  1,958

Retained earnings 16,848  16,719

Accumulated other comprehensive loss (185) (34)

Treasury stock (2,907) (2,732)

Total shareholders' equity 15,714  15,911

Total liabilities and shareholders' equity   $ 41,211  $ 41,002

(Dollars in millions, except per share data) Three months ended March 31,

2026 2025

Revenues

Earned premiums $ 2,604  $ 2,344

Investment income, net of expenses 318  280

Investment gains and losses, net (70) (67)

Other revenues 11  9

Total revenues 2,863  2,566

Benefits and Expenses

Insurance losses and contract holders' benefits 1,751  1,968

Underwriting, acquisition and insurance expenses 764  702

Interest expense 13  13

Other operating expenses 9  11

Total benefits and expenses 2,537  2,694

Income (Loss) Before Income Taxes 326  (128)

Provision (Benefit) for Income Taxes 52  (38)

Net Income (Loss) $ 274  $ (90)

Per Common Share:

Net income (loss)—basic $ 1.77  $ (0.57)

Net income (loss)—diluted 1.75  (0.57)

CINF 1Q26 Release 13

Definitions of Non-GAAP Information and Reconciliation to Comparable GAAP Measures

(See attached tables for reconciliations; additional prior-period reconciliations available at investors.cinfin.com.)

Cincinnati Financial Corporation prepares its public financial statements in conformity with accounting principles generally accepted in the United States of America (GAAP). Statutory data is prepared in accordance with statutory accounting rules for insurance company regulation in the United States of America as defined by the National Association of Insurance Commissioners’ (NAIC) Accounting Practices and Procedures Manual, and therefore is not reconciled to GAAP data.

Management uses certain non-GAAP financial measures to evaluate its primary business areas – property casualty insurance, life insurance and investments. Management uses these measures when analyzing both GAAP and non-GAAP results to improve its understanding of trends in the underlying business and to help avoid incorrect or misleading assumptions and conclusions about the success or failure of company strategies. Management adjustments to GAAP measures generally: apply to non-recurring events that are unrelated to business performance and distort short-term results; involve values that fluctuate based on events outside of management’s control; supplement reporting segment disclosures with disclosures for a subsidiary company or for a combination of subsidiaries or reporting segments; or relate to accounting refinements that affect comparability between periods, creating a need to analyze data on the same basis.

•Non-GAAP operating income: Non-GAAP operating income is calculated by excluding investment gains and losses (defined as investment gains and losses after applicable federal and state income taxes) and other significant non-recurring items from net income. Management evaluates non-GAAP operating income to measure the success of pricing, rate and underwriting strategies. While investment gains (or losses) are integral to the company’s insurance operations over the long term, the determination to realize investment gains or losses on fixed-maturity securities sold in any period may be subject to management’s discretion and is independent of the insurance underwriting process. Also, under applicable GAAP accounting requirements, gains and losses are recognized from certain changes in market values of securities without actual realization. Management believes that the level of investment gains or losses for any particular period, while it may be material, may not fully indicate the performance of ongoing underlying business operations in that period.

For these reasons, many investors and shareholders consider non-GAAP operating income to be one of the more meaningful measures for evaluating insurance company performance. Equity analysts who report on the insurance industry and the company generally focus on this metric in their analyses. The company presents non-GAAP operating income so that all investors have what management believes to be a useful supplement to GAAP information.

•    Consolidated property casualty insurance results: To supplement reporting segment disclosures related to our property casualty insurance operations, we also evaluate results for those operations on a basis that includes results for our property casualty insurance and brokerage services subsidiaries. That is the total of our commercial lines, personal lines and our excess and surplus lines segments plus our reinsurance assumed operations known as Cincinnati Re and our London-based global specialty underwriter known as Cincinnati Global.

•Life insurance subsidiary results: To supplement life insurance reporting segment disclosures related to our life insurance operation, we also evaluate results for that operation on a basis that includes life insurance subsidiary investment income, or investment income plus investment gains and losses, that are also included in our investments reporting segment. We recognize that assets under management, capital appreciation and investment income are integral to evaluating the success of the life insurance segment because of the long duration of life products.

CINF 1Q26 Release 14

Cincinnati Financial Corporation

Net Income (Loss) Reconciliation

(Dollars in millions, except per share data) Three months ended March 31,

2026 2025

Net income (loss) $ 274  $ (90)

Less:

Investment gains and losses, net (70) (67)

Income tax on investment gains and losses 14  14

Investment gains and losses, after-tax (56) (53)

Non-GAAP operating income (loss) $ 330  $ (37)

Diluted per share data:

Net income (loss) $ 1.75  $ (0.57)

Less:

Investment gains and losses, net (0.44) (0.42)

Income tax on investment gains and losses 0.09  0.09

Investment gains and losses, after-tax (0.35) (0.33)

Non-GAAP operating income (loss) $ 2.10  $ (0.24)

Life Insurance Reconciliation

(Dollars in millions) Three months ended March 31,

2026 2025

Net income of the life insurance subsidiary $ 26  $ 21

Investment gains and losses, net —  (1)

Income tax on investment gains and losses —  —

Non-GAAP operating income 26  22

Investment income, net of expenses (54) (50)

Investment income credited to contract holders 32  32

Income tax excluding tax on investment gains and losses, net 7  5

Life insurance segment profit $ 11  $ 9

CINF 1Q26 Release 15

Property Casualty Insurance Reconciliation

(Dollars in millions) Three months ended March 31, 2026

Consolidated Commercial Personal E&S Other*

Premiums:

Net written premiums   $ 2,668  $ 1,359  $ 775  $ 182  $ 352

Unearned premiums change (149) (118) 98  (2) (127)

Earned premiums   $ 2,519  $ 1,241  $ 873  $ 180  $ 225

Underwriting profit $ 115  $ 18  $ 30  $ 21  $ 46

(Dollars in millions) Three months ended March 31, 2025

Consolidated Commercial Personal E&S Other*

Premiums:

Net written premiums $ 2,495  $ 1,325  $ 672  $ 168  $ 330

Unearned premiums change (231) (146) 26  (6) (105)

Earned premiums $ 2,264  $ 1,179  $ 698  $ 162  $ 225

Underwriting profit (loss) $ (298) $ 97  $ (357) $ 20  $ (58)

Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.

*Included in Other are the results of Cincinnati Re and Cincinnati Global.

CINF 1Q26 Release 16

Cincinnati Financial Corporation

Other Measures

•Value creation ratio: This is a measure of shareholder value creation that management believes captures the contribution of the company’s insurance operations, the success of its investment strategy and the importance placed on paying cash dividends to shareholders. The value creation ratio measure is made up of two primary components: (1) rate of growth in book value per share plus (2) the ratio of dividends declared per share to beginning book value per share. Management believes this measure is useful, providing a meaningful measure of long-term progress in creating shareholder value. It is intended to be all-inclusive regarding changes in book value per share, and uses originally reported book value per share in cases where book value per share has been adjusted, such as adoption of Accounting Standards Updates with a cumulative effect of a change in accounting.

•    Written premium: Under statutory accounting rules in the U.S., property casualty written premium is the amount recorded for policies issued and recognized on an annualized basis at the effective date of the policy. Management analyzes trends in written premium to assess business efforts. The difference between written and earned premium is unearned premium.

Value Creation Ratio Calculations

(Dollars are per share) Three months ended March 31,

2026 2025

Value creation ratio:

End of period book value* $ 101.60  $ 87.78

Less beginning of period book value 102.35  89.11

Change in book value (0.75) (1.33)

Dividend declared to shareholders 0.94  0.87

Total value creation $ 0.19  $ (0.46)

Value creation ratio from change in book value** (0.7) % (1.5) %

Value creation ratio from dividends declared to shareholders*** 0.9  1.0

Value creation ratio 0.2  % (0.5) %

* Book value per share is calculated by dividing end of period total shareholders' equity by end of period shares outstanding

** Change in book value divided by the beginning of period book value

*** Dividend declared to shareholders divided by beginning of period book value

CINF 1Q26 Release 17

EX-99.2

EX-99.2

Filename: exhibit9921q26.htm · Sequence: 3

Document

Cincinnati Financial Corporation

Supplemental Financial Data

for the period ending March 31, 2026

6200 South Gilmore Road

Fairfield, Ohio 45014-5141

cinfin.com

Investor Contact: Media Contact: Shareholder Contact:

Dennis E. McDaniel Betsy E. Ertel Brandon McIntosh

513-870-2768 513-603-5323 513-870-2696

A.M. Best Company Fitch Ratings Moody's Investor Service S&P Global Ratings

Cincinnati Financial Corporation

Corporate Debt a A A3 BBB+

The Cincinnati Insurance Companies

Insurer Financial Strength

Property Casualty Group

Standard Market Subsidiaries: A+ AA- A1 A+

The Cincinnati Insurance Company A+ AA- A1 A+

The Cincinnati Indemnity Company A+ AA- A1 A+

The Cincinnati Casualty Company A+ AA- A1 A+

Surplus Lines Subsidiary:

The Cincinnati Specialty Underwriters Insurance Company A+ — — —

The Cincinnati Life Insurance Company A+ AA- — A+

Ratings are as of April 24, 2026, under continuous review and subject to change and/or affirmation. For the current ratings, select Financial Strength under About on cinfin.com.

The consolidated financial statements and financial exhibits that follow are unaudited. These consolidated financial statements and exhibits should be read in conjunction with the consolidated financial statements and notes included with our periodic filings with the U.S. Securities and Exchange Commission. The results of operations for interim periods may not be indicative of results to be expected for the full year.

CINF First-Quarter 2026 Supplemental Financial Data

1

Cincinnati Financial Corporation

Supplemental Financial Data

for the period ending March 31, 2026

Page

Definitions of Non-GAAP Information and Reconciliation to Comparable GAAP Measures

3

Consolidated

CFC and Subsidiaries Consolidation – Three Months Ended March 31, 2026 4

Consolidated Property Casualty Insurance Operations

Losses Incurred Detail 5

Loss Ratio Detail 6

Loss Claim Count Detail 7

Quarterly Property Casualty Data – Commercial Lines 8

Quarterly Property Casualty Data – Personal Lines and Excess & Surplus Lines 9

Loss and Loss Expense Analysis – Three Months Ended March 31, 2026 10

Reconciliation Data

Quarterly Property Casualty Data – Consolidated 11

Quarterly Property Casualty Data – Commercial Lines 12

Quarterly Property Casualty Data – Personal Lines 13

Quarterly Property Casualty Data – Excess & Surplus Lines 14

Statutory Statements of Income

Consolidated Cincinnati Insurance Companies Statutory Statements of Income 15

The Cincinnati Life Insurance Company Statutory Statements of Income 16

Other

Quarterly Data – Other 17

CINF First-Quarter 2026 Supplemental Financial Data

2

Definitions of Non-GAAP Information and

Reconciliation to Comparable GAAP Measures

Cincinnati Financial Corporation prepares its public financial statements in conformity with accounting principles generally accepted in the United States of America (GAAP). Statutory data is prepared in accordance with statutory accounting rules for insurance company regulation in the United States of America as defined by the National Association of Insurance Commissioners’ (NAIC) Accounting Practices and Procedures Manual, and therefore is not reconciled to GAAP data.

Management uses certain non-GAAP financial measures to evaluate its primary business areas – property casualty insurance, life insurance and investments. Management uses these measures when analyzing both GAAP and non-GAAP results to improve its understanding of trends in the underlying business and to help avoid incorrect or misleading assumptions and conclusions about the success or failure of company strategies. Management adjustments to GAAP measures generally: apply to non-recurring events that are unrelated to business performance and distort short-term results; involve values that fluctuate based on events outside of management’s control; supplement reporting segment disclosures with disclosures for a subsidiary company or for a combination of subsidiaries or reporting segments; or relate to accounting refinements that affect comparability between periods, creating a need to analyze data on the same basis.

•Non-GAAP operating income: Non-GAAP operating income is calculated by excluding investment gains and losses (defined as investment gains and losses after applicable federal and state income taxes) and other significant non-recurring items from net income. Management evaluates non-GAAP operating income to measure the success of pricing, rate and underwriting strategies. While investment gains (or losses) are integral to the company’s insurance operations over the long term, the determination to realize investment gains or losses on fixed-maturity securities sold in any period may be subject to management’s discretion and is independent of the insurance underwriting process. Also, under applicable GAAP accounting requirements, gains and losses are recognized from certain changes in market values of securities without actual realization. Management believes that the level of investment gains or losses for any particular period, while it may be material, may not fully indicate the performance of ongoing underlying business operations in that period.

For these reasons, many investors and shareholders consider non-GAAP operating income to be one of the more meaningful measures for evaluating insurance company performance. Equity analysts who report on the insurance industry and the company generally focus on this metric in their analyses. The company presents non-GAAP operating income so that all investors have what management believes to be a useful supplement to GAAP information.

•Consolidated property casualty insurance results: To supplement reporting segment disclosures related to our property casualty insurance operations, we also evaluate results for those operations on a basis that includes results for our property casualty insurance and brokerage services subsidiaries. That is the total of our commercial lines, personal lines and our excess and surplus lines segments plus our reinsurance assumed operations known as Cincinnati Re and our London-based global specialty underwriter known as Cincinnati Global.

•Life insurance subsidiary results: To supplement life insurance reporting segment disclosures related to our life insurance operation, we also evaluate results for that operation on a basis that includes life insurance subsidiary investment income, or investment income plus investment gains and losses, that are also included in our investments reporting segment. We recognize that assets under management, capital appreciation and investment income are integral to evaluating the success of the life insurance segment because of the long duration of life products.

Other Measures

•Value creation ratio: This is a measure of shareholder value creation that management believes captures the contribution of the company’s insurance operations, the success of its investment strategy and the importance placed on paying cash dividends to shareholders. The value creation ratio measure is made up of two primary components: (1) rate of growth in book value per share plus (2) the ratio of dividends declared per share to beginning book value per share. Management believes this measure is useful, providing a meaningful measure of long-term progress in creating shareholder value. It is intended to be all-inclusive regarding changes in book value per share, and uses originally reported book value per share in cases where book value per share has been adjusted, such as adoption of Accounting Standards Updates with a cumulative effect of a change in accounting.

•Statutory accounting rules: For public reporting, insurance companies prepare financial statements in accordance with GAAP. However, insurers also must calculate certain data according to statutory accounting rules for insurance company regulation in the United States of America as defined in the NAIC’s Accounting Practices and Procedures Manual, which may be, and has been, modified by various state insurance departments and differ from GAAP. Statutory data is publicly available, and various organizations use it to calculate aggregate industry data, study industry trends and compare insurance companies.

•Written premium: Under statutory accounting rules in the U.S., property casualty written premium is the amount recorded for policies issued and recognized on an annualized basis at the effective date of the policy. Management analyzes trends in written premium to assess business efforts. The difference between written and earned premium is unearned premium.

CINF First-Quarter 2026 Supplemental Financial Data

3

Cincinnati Financial Corporation and Subsidiaries

Consolidated Statements of Income for the Three Months Ended March 31, 2026

(Dollars in millions) CFC CONSOL P&C CLIC CFC-I ELIM Total

Revenues

Premiums earned:

Property casualty $ —  $ 2,615  $ —  $ —  $ —  $ 2,615

Life —  —  105  —  —  105

Premiums ceded —  (96) (20) —  —  (116)

Total earned premium —  2,519  85  —  —  2,604

Investment income, net of expenses 37  228  54  —  (1) 318

Investment gains and losses, net (127) 58  —  —  (1) (70)

Fee revenues —  4  1  —  —  5

Other revenues 4  4  —  3  (5) 6

Total revenues $ (86) $ 2,813  $ 140  $ 3  $ (7) $ 2,863

Benefits & expenses

Losses & contract holders' benefits $ —  $ 1,676  $ 99  $ —  $ —  $ 1,775

Reinsurance recoveries —  (9) (15) —  —  (24)

Underwriting, acquisition and insurance expenses —  741  23  —  —  764

Interest expense 13  —  —  1  (1) 13

Other operating expenses 12  2  —  1  (6) 9

Total expenses $ 25  $ 2,410  $ 107  $ 2  $ (7) $ 2,537

Income (Loss) before income taxes $ (111) $ 403  $ 33  $ 1  $ —  $ 326

Provision (benefit) for income taxes

Current operating income $ 53  $ 86  $ 8  $ —  $ —  $ 147

Capital gains/losses (26) 13  —  —  —  (13)

Deferred (54) (27) (1) —  —  (82)

Total provision (benefit) for income taxes $ (27) $ 72  $ 7  $ —  $ —  $ 52

Net income (loss) - current year $ (84) $ 331  $ 26  $ 1  $ —  $ 274

Net income (loss) - prior year $ (70) $ (42) $ 21  $ 1  $ —  $ (90)

*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.

Consolidated property casualty data includes results from our Cincinnati Re operations and Cincinnati Global.

CINF First-Quarter 2026 Supplemental Financial Data

4

Consolidated Property Casualty

Losses Incurred Detail

(Dollars in millions) Three months ended Six months ended Nine months ended Twelve months ended

12/31/26 9/30/26 6/30/26 3/31/26 12/31/25 9/30/25 6/30/25 3/31/25 6/30/26 6/30/25 9/30/26 9/30/25 12/31/26 12/31/25

Consolidated

Current accident year losses greater than $5 million $ 8  $ 27  $ 48  $ 15  $ 26  $ 41  $ 89  $ 116

Current accident year losses $2 million - $5 million 20  61  35  40  20  60  95  156

Large loss prior accident year reserve development 50  40  49  27  56  83  132  172

Total large losses incurred $ 78  $ 128  $ 132  $ 82  $ 102  $ 184  $ 316  $ 444

Losses incurred but not reported 219  164  158  213  279  492  650  814

Other losses excluding catastrophe losses 838  786  831  741  688  1,429  2,260  3,046

Catastrophe losses 266  18  83  280  558  838  921  939

Total losses incurred $ 1,401  $ 1,096  $ 1,204  $ 1,316  $ 1,627  $ 2,943  $ 4,147  $ 5,243

Commercial Lines

Current accident year losses greater than $5 million $ —  $ 11  $ 48  $ 5  $ 7  $ 12  $ 60  $ 71

Current accident year losses $2 million - $5 million 5  34  12  22  15  37  49  83

Large loss prior accident year reserve development 35  37  47  14  44  58  105  142

Total large losses incurred $ 40  $ 82  $ 107  $ 41  $ 66  $ 107  $ 214  $ 296

Losses incurred but not reported 94  44  67  106  163  269  336  380

Other losses excluding catastrophe losses 441  408  405  383  318  701  1,106  1,514

Catastrophe losses 117  5  29  83  40  123  152  157

Total losses incurred $ 692  $ 539  $ 608  $ 613  $ 587  $ 1,200  $ 1,808  $ 2,347

Personal Lines

Current accident year losses greater than $5 million $ 8  $ 16  $ —  $ 10  $ 19  $ 29  $ 29  $ 45

Current accident year losses $2 million - $5 million 15  25  23  18  5  23  46  71

Large loss prior accident year reserve development 15  3  2  13  12  25  27  30

Total large losses incurred $ 38  $ 44  $ 25  $ 41  $ 36  $ 77  $ 102  $ 146

Losses incurred but not reported 71  39  32  37  74  111  143  182

Other losses excluding catastrophe losses 282  298  316  257  254  511  827  1,125

Catastrophe losses 144  6  54  186  405  591  645  651

Total losses incurred $ 535  $ 387  $ 427  $ 521  $ 769  $ 1,290  $ 1,717  $ 2,104

Excess & Surplus Lines

Current accident year losses greater than $5 million $ —  $ —  $ —  $ —  $ —  $ —  $ —  $ —

Current accident year losses $2 million - $5 million —  2  —  —  —  —  —  2

Large loss prior accident year reserve development —  —  —  —  —  —  —  —

Total large losses incurred $ —  $ 2  $ —  $ —  $ —  $ —  $ —  $ 2

Losses incurred but not reported 38  24  16  31  46  77  93  117

Other losses excluding catastrophe losses 40  48  59  42  24  66  125  173

Catastrophe losses 1  (1) —  3  —  3  3  2

Total losses incurred $ 79  $ 73  $ 75  $ 76  $ 70  $ 146  $ 221  $ 294

*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. The sum of quarterly amounts may not equal the full year as each is computed independently.

Consolidated property casualty data includes results from our Cincinnati Re operations and Cincinnati Global.

CINF First-Quarter 2026 Supplemental Financial Data

5

Consolidated Property Casualty

Loss Ratio Detail

Three months ended Six months ended Nine months ended Twelve months ended

12/31/26 9/30/26 6/30/26 3/31/26 12/31/25 9/30/25 6/30/25 3/31/25 6/30/26 6/30/25 9/30/26 9/30/25 12/31/26 12/31/25

Consolidated

Current accident year losses greater than $5 million 0.3  % 1.1  % 1.9  % 0.6  % 1.2  % 0.9  % 1.3  % 1.2  %

Current accident year losses $2 million - $5 million 0.8  2.4  1.4  1.7  0.9  1.3  1.3  1.6

Large loss prior accident year reserve development 2.0  1.6  2.0  1.1  2.4  1.8  1.8  1.8

Total large loss ratio 3.1  % 5.1  % 5.3  % 3.4  % 4.5  % 4.0  % 4.4  % 4.6  %

Losses incurred but not reported 8.7  6.5  6.4  8.9  12.3  10.5  9.1  8.4

Other losses excluding catastrophe losses 33.2  31.4  33.4  30.9  30.4  30.6  31.6  31.6

Catastrophe losses 10.6  0.7  3.4  11.7  24.6  18.0  12.9  9.7

Total loss ratio 55.6  % 43.7  % 48.5  % 54.9  % 71.8  % 63.1  % 58.0  % 54.3  %

Commercial Lines

Current accident year losses greater than $5 million —  % 0.9  % 3.9  % 0.5  % 0.6  % 0.5  % 1.7  % 1.5  %

Current accident year losses $2 million - $5 million 0.4  2.7  1.0  1.8  1.2  1.5  1.3  1.7

Large loss prior accident year reserve development 2.8  3.0  3.8  1.2  3.8  2.5  2.9  2.9

Total large loss ratio 3.2  % 6.6  % 8.7  % 3.5  % 5.6  % 4.5  % 5.9  % 6.1  %

Losses incurred but not reported 7.6  3.6  5.4  8.7  13.9  11.3  9.3  7.8

Other losses excluding catastrophe losses 35.5  32.8  33.0  31.6  26.8  29.3  30.5  31.2

Catastrophe losses 9.5  0.4  2.4  6.8  3.4  5.1  4.2  3.2

Total loss ratio 55.8  % 43.4  % 49.5  % 50.6  % 49.7  % 50.2  % 49.9  % 48.3  %

Personal Lines

Current accident year losses greater than $5 million 0.9  % 1.8  % —  % 1.3  % 2.8  % 2.0  % 1.3  % 1.4  %

Current accident year losses $2 million - $5 million 1.8  2.8  2.9  2.2  0.7  1.5  2.0  2.2

Large loss prior accident year reserve development 1.8  0.4  0.2  1.5  1.8  1.6  1.1  0.9

Total large loss ratio 4.5  % 5.0  % 3.1  % 5.0  % 5.3  % 5.1  % 4.4  % 4.5  %

Losses incurred but not reported 8.1  4.5  3.8  4.7  10.5  7.4  6.1  5.7

Other losses excluding catastrophe losses 32.3  34.8  37.5  32.0  36.4  34.1  35.4  35.2

Catastrophe losses 16.4  0.8  6.5  23.1  57.9  39.3  27.5  20.4

Total loss ratio 61.3  % 45.1  % 50.9  % 64.8  % 110.1  % 85.9  % 73.4  % 65.8  %

Excess & Surplus Lines

Current accident year losses greater than $5 million —  % —  % —  % —  % —  % —  % —  % —  %

Current accident year losses $2 million - $5 million —  1.1  —  —  —  —  —  0.3

Large loss prior accident year reserve development —  (0.1) —  —  —  —  —  —

Total large loss ratio —  % 1.0  % —  % —  % —  % —  % —  % 0.3  %

Losses incurred but not reported 20.8  12.7  9.2  18.1  28.1  23.0  18.3  16.8

Other losses excluding catastrophe losses 22.1  26.0  33.6  24.4  14.8  19.7  24.4  24.8

Catastrophe losses 0.7  (0.6) —  1.3  0.2  0.8  0.5  0.2

Total loss ratio 43.6  % 39.1  % 42.8  % 43.8  % 43.1  % 43.5  % 43.2  % 42.1  %

*Certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts.

Consolidated property casualty data includes results from our Cincinnati Re operations and Cincinnati Global.

CINF First-Quarter 2026 Supplemental Financial Data

6

Consolidated Property Casualty

Loss Claim Count Detail

Three months ended Six months ended Nine months ended Twelve months ended

12/31/26 9/30/26 6/30/26 3/31/26 12/31/25 9/30/25 6/30/25 3/31/25 6/30/26 6/30/25 9/30/26 9/30/25 12/31/26 12/31/25

Consolidated

Current accident year reported losses greater

than $5 million 1  3  6  2  3  5  12  15

Current accident year reported losses

$2 million - $5 million 7  21  17  14  7  21  32  53

Prior accident year reported losses on

large losses 17  15  11  13  15  28  39  54

Non-Catastrophe reported losses on

large losses total 25  39  34  29  25  54  83  122

Commercial Lines

Current accident year reported losses greater

than $5 million —  2  6  1  1  2  9  10

Current accident year reported losses

$2 million - $5 million 2  11  9  7  5  12  16  28

Prior accident year reported losses on

large losses 13  14  11  10  11  21  32  46

Non-Catastrophe reported losses on

large losses total 15  27  26  18  17  35  57  84

Personal Lines

Current accident year reported losses greater

than $5 million 1  1  —  1  2  3  3  5

Current accident year reported losses

$2 million - $5 million 5  9  8  7  2  9  16  24

Prior accident year reported losses on

large losses 4  1  —  3  4  7  7  8

Non-Catastrophe reported losses on

large losses total 10  11  8  11  8  19  26  37

Excess & Surplus Lines

Current accident year reported losses greater

than $5 million —  —  —  —  —  —  —  —

Current accident year reported losses

$2 million - $5 million —  1  —  —  —  —  —  1

Prior accident year reported losses on

large losses —  —  —  —  —  —  —  —

Non-Catastrophe reported losses on

large losses total —  1  —  —  —  —  —  1

*The sum of quarterly amounts may not equal the full year as each is computed independently.

CINF First-Quarter 2026 Supplemental Financial Data

7

Quarterly Property Casualty Data - Commercial Lines

(Dollars in millions) Three months ended Six months ended Nine months ended Twelve months ended

12/31/26 9/30/26 6/30/26 3/31/26 12/31/25 9/30/25 6/30/25 3/31/25 6/30/26 6/30/25 9/30/26 9/30/25 12/31/26 12/31/25

Commercial casualty:

Net written premiums $ 451  $ 394  $ 372  $ 428  $ 443  $ 871  $ 1,244  $ 1,638

Year over year change %- written premium 2  % 2  % 2  % 9  % 6  % 8  % 6  % 5  %

Earned premiums $ 405  $ 409  $ 403  $ 402  $ 387  $ 789  $ 1,192  $ 1,601

Current accident year before catastrophe losses 77.0  % 86.9  % 74.8  % 72.3  % 72.8  % 72.6  % 73.3  % 76.8  %

Current accident year catastrophe losses —  —  —  —  —  —  —  —

Prior accident years before catastrophe losses (0.7) (0.2) 6.0  (0.4) (0.3) (0.4) 1.8  1.3

Prior accident years catastrophe losses —  —  —  —  —  —  —  —

Total loss and loss expense ratio 76.3  % 86.7  % 80.8  % 71.9  % 72.5  % 72.2  % 75.1  % 78.1  %

Commercial property:

Net written premiums $ 427  $ 395  $ 422  $ 428  $ 411  $ 839  $ 1,260  $ 1,655

Year over year change %- written premium 4  % 3  % 8  % 9  % 14  % 11  % 10  % 8  %

Earned premiums $ 415  $ 410  $ 405  $ 399  $ 389  $ 787  $ 1,192  $ 1,602

Current accident year before catastrophe losses 43.8  % 23.9  % 37.2  % 40.2  % 43.5  % 41.8  % 40.2  % 36.0  %

Current accident year catastrophe losses 28.7  1.6  8.6  21.5  13.3  17.5  14.5  11.2

Prior accident years before catastrophe losses (7.0) (3.6) (8.2) (9.5) (5.3) (7.4) (7.7) (6.7)

Prior accident years catastrophe losses (0.3) 0.3  (1.2) (0.6) (3.6) (2.1) (1.8) (1.2)

Total loss and loss expense ratio 65.2  % 22.2  % 36.4  % 51.6  % 47.9  % 49.8  % 45.2  % 39.3  %

Commercial auto:

Net written premiums $ 299  $ 240  $ 243  $ 271  $ 283  $ 555  $ 797  $ 1,037

Year over year change %- written premium 6  % 8  % 9  % 9  % 9  % 10  % 9  % 9  %

Earned premiums $ 259  $ 258  $ 253  $ 247  $ 241  $ 489  $ 742  $ 1,000

Current accident year before catastrophe losses 67.7  % 66.5  % 64.7  % 65.0  % 68.6  % 66.8  % 66.1  % 66.2  %

Current accident year catastrophe losses 0.5  0.1  0.8  0.8  1.8  1.3  1.1  0.8

Prior accident years before catastrophe losses 0.7  2.5  4.1  7.2  2.9  5.1  4.8  4.2

Prior accident years catastrophe losses —  (0.1) —  (0.1) (0.1) (0.1) (0.1) (0.1)

Total loss and loss expense ratio 68.9  % 69.0  % 69.6  % 72.9  % 73.2  % 73.1  % 71.9  % 71.1  %

Workers' compensation:

Net written premiums $ 71  $ 53  $ 56  $ 57  $ 79  $ 135  $ 191  $ 244

Year over year change %- written premium (10) % (2) % —  % 4  % —  % 1  % 1  % —  %

Earned premiums $ 57  $ 61  $ 61  $ 60  $ 61  $ 121  $ 181  $ 242

Current accident year before catastrophe losses 98.0  % 96.4  % 94.6  % 97.0  % 95.5  % 96.2  % 95.7  % 95.9  %

Current accident year catastrophe losses —  —  —  —  —  —  —  —

Prior accident years before catastrophe losses (15.7) (32.3) (28.3) (27.8) (18.6) (23.1) (24.9) (26.8)

Prior accident years catastrophe losses —  —  —  —  —  —  —  —

Total loss and loss expense ratio 82.3  % 64.1  % 66.3  % 69.2  % 76.9  % 73.1  % 70.8  % 69.1  %

Other commercial:

Net written premiums $ 111  $ 103  $ 105  $ 106  $ 109  $ 215  $ 321  $ 424

Year over year change %- written premium 2  % 5  % (1) % 6  % 3  % 4  % 3  % 3  %

Earned premiums $ 105  $ 105  $ 107  $ 104  $ 101  $ 205  $ 313  $ 418

Current accident year before catastrophe losses 51.9  % 53.6  % 51.1  % 50.5  % 45.8  % 48.2  % 49.2  % 50.3  %

Current accident year catastrophe losses 0.1  0.2  —  0.1  0.1  0.1  —  0.1

Prior accident years before catastrophe losses (12.2) 0.5  2.9  (1.5) (2.2) (1.8) (0.2) —

Prior accident years catastrophe losses 0.1  —  —  0.1  —  —  —  —

Total loss and loss expense ratio 39.9  % 54.3  % 54.0  % 49.2  % 43.7  % 46.5  % 49.0  % 50.4  %

*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts. The sum of quarterly amounts may not equal the full year as each is computed independently.

CINF First-Quarter 2026 Supplemental Financial Data

8

Quarterly Property Casualty Data - Personal Lines

(Dollars in millions) Three months ended Six months ended Nine months ended Twelve months ended

12/31/26 9/30/26 6/30/26 3/31/26 12/31/25 9/30/25 6/30/25 3/31/25 6/30/26 6/30/25 9/30/26 9/30/25 12/31/26 12/31/25

Personal auto:

Net written premiums $ 275  $ 285  $ 328  $ 333  $ 266  $ 599  $ 927  $ 1,212

Year over year change %- written premium 3  % 6  % 11  % 18  % 23  % 20  % 17  % 14  %

Earned premiums $ 303  $ 300  $ 295  $ 285  $ 271  $ 556  $ 851  $ 1,151

Current accident year before catastrophe losses 69.2  % 68.3  % 67.8  % 67.8  % 71.2  % 69.5  % 68.9  % 68.8  %

Current accident year catastrophe losses 1.1  0.1  1.1  3.2  3.0  3.1  2.4  1.8

Prior accident years before catastrophe losses 3.2  1.9  1.9  —  (0.8) (0.4) 0.4  0.8

Prior accident years catastrophe losses —  —  —  —  (0.3) (0.2) (0.1) (0.1)

Total loss and loss expense ratio 73.5  % 70.3  % 70.8  % 71.0  % 73.1  % 72.0  % 71.6  % 71.3  %

Homeowner:

Net written premiums $ 406  $ 446  $ 518  $ 532  $ 320  $ 852  $ 1,370  $ 1,816

Year over year change %- written premium 27  % 13  % 17  % 23  % 6  % 16  % 16  % 16  %

Earned premiums $ 469  $ 459  $ 444  $ 425  $ 338  $ 763  $ 1,208  $ 1,667

Current accident year before catastrophe losses 41.1  % 38.1  % 37.6  % 38.8  % 53.4  % 45.2  % 42.4  % 41.2  %

Current accident year catastrophe losses 30.2  1.8  12.9  44.3  122.5  79.0  54.7  40.1

Prior accident years before catastrophe losses (2.8) 0.5  0.9  (3.0) (2.0) (2.6) (1.3) (0.8)

Prior accident years catastrophe losses (0.3) (0.8) (1.6) (3.0) (3.5) (3.2) (2.6) (2.1)

Total loss and loss expense ratio 68.2  % 39.6  % 49.8  % 77.1  % 170.4  % 118.4  % 93.2  % 78.4  %

Other personal:

Net written premiums $ 94  $ 96  $ 105  $ 115  $ 86  $ 201  $ 306  $ 402

Year over year change %- written premium 9  % 8  % 12  % 12  % 13  % 12  % 12  % 11  %

Earned premiums $ 101  $ 100  $ 99  $ 94  $ 89  $ 183  $ 281  $ 381

Current accident year before catastrophe losses 62.0  % 55.5  % 58.8  % 58.3  % 76.2  % 67.0  % 64.2  % 61.9  %

Current accident year catastrophe losses 4.0  6.3  6.9  6.8  1.1  4.0  5.0  5.3

Prior accident years before catastrophe losses (1.0) 14.3  12.5  7.4  3.7  5.6  8.0  9.7

Prior accident years catastrophe losses (1.0) —  (0.8) (0.1) (0.4) (0.2) (0.5) (0.3)

Total loss and loss expense ratio 64.0  % 76.1  % 77.4  % 72.4  % 80.6  % 76.4  % 76.7  % 76.6  %

Quarterly Property Casualty Data - Excess & Surplus Lines

(Dollars in millions) Three months ended Six months ended Nine months ended Twelve months ended

12/31/26 9/30/26 6/30/26 3/31/26 12/31/25 9/30/25 6/30/25 3/31/25 6/30/26 6/30/25 9/30/26 9/30/25 12/31/26 12/31/25

Excess & Surplus:

Net written premiums $ 182  $ 184  $ 175  $ 202  $ 168  $ 370  $ 545  $ 729

Year over year change %- written premium 8  % 8  % 11  % 12  % 15  % 13  % 13  % 11  %

Earned premiums $ 180  $ 188  $ 174  $ 174  $ 162  $ 336  $ 510  $ 698

Current accident year before catastrophe losses 64.6  % 58.4  % 64.1  % 64.9  % 65.6  % 65.2  % 64.8  % 63.1  %

Current accident year catastrophe losses 1.1  (0.4) 0.2  1.6  0.8  1.2  0.9  0.5

Prior accident years before catastrophe losses (4.1) (0.3) (2.1) (2.7) (5.0) (3.8) (3.2) (2.5)

Prior accident years catastrophe losses (0.4) (0.2) (0.1) (0.3) (0.5) (0.3) (0.3) (0.2)

Total loss and loss expense ratio 61.2  % 57.5  % 62.1  % 63.5  % 60.9  % 62.3  % 62.2  % 60.9  %

*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts. The sum of quarterly amounts may not equal the full year as each is computed independently.

CINF First-Quarter 2026 Supplemental Financial Data

9

Consolidated Property Casualty Loss and Loss Expense Analysis

(Dollars in millions) Change in Change in Change in Total Loss

Paid Paid loss Total case IBNR loss expense change in Case IBNR expense Total

losses expense paid reserves reserves reserves reserves incurred incurred incurred incurred

Gross loss and loss expense incurred for the three months ended March 31, 2026

Commercial casualty $ 220  $ 55  $ 275  $ (37) $ 52  $ 19  $ 34  $ 183  $ 52  $ 74  $ 309

Commercial property 155  17  172  5  95  5  105  160  95  22  277

Commercial auto 125  22  147  (1) 28  5  32  124  28  27  179

Workers' compensation 28  7  35  3  (1) 8  10  31  (1) 15  45

Other commercial 27  5  32  4  (2) 8  10  31  (2) 13  42

Total commercial lines 555  106  661  (26) 172  45  191  529  172  151  852

Personal auto 152  27  179  7  29  7  43  159  29  34  222

Homeowners 199  28  227  19  63  7  89  218  63  35  316

Other personal 32  3  35  16  18  —  34  48  18  3  69

Total personal lines 383  58  441  42  110  14  166  425  110  72  607

Excess & surplus lines 36  20  56  5  38  12  55  41  38  32  111

Other 79  5  84  3  16  3  22  82  16  8  106

Total property casualty $ 1,053  $ 189  $ 1,242  $ 24  $ 336  $ 74  $ 434  $ 1,077  $ 336  $ 263  $ 1,676

Ceded loss and loss expense incurred for the three months ended March 31, 2026

Commercial casualty $ 17  $ 1  $ 18  $ (14) $ (1) $ (4) $ (19) $ 3  $ (1) $ (3) $ (1)

Commercial property 1  —  1  2  4  —  6  3  4  —  7

Commercial auto —  —  —  —  —  —  —  —  —  —  —

Workers' compensation 2  —  2  (3) (1) —  (4) (1) (1) —  (2)

Other commercial 2  —  2  —  (1) —  (1) 2  (1) —  1

Total commercial lines 22  1  23  (15) 1  (4) (18) 7  1  (3) 5

Personal auto 1  —  1  (1) —  —  (1) —  —  —  —

Homeowners 13  1  14  (9) (8) —  (17) 4  (8) 1  (3)

Other personal 1  —  1  2  —  —  2  3  —  —  3

Total personal lines 15  1  16  (8) (8) —  (16) 7  (8) 1  —

Excess & surplus lines —  —  —  —  1  —  1  —  1  —  1

Other 2  —  2  —  1  —  1  2  1  —  3

Total property casualty $ 39  $ 2  $ 41  $ (23) $ (5) $ (4) $ (32) $ 16  $ (5) $ (2) $ 9

Net loss and loss expense incurred for the three months ended March 31, 2026

Commercial casualty $ 203  $ 54  $ 257  $ (23) $ 53  $ 23  $ 53  $ 180  $ 53  $ 77  $ 310

Commercial property 154  17  171  3  91  5  99  157  91  22  270

Commercial auto 125  22  147  (1) 28  5  32  124  28  27  179

Workers' compensation 26  7  33  6  —  8  14  32  —  15  47

Other commercial 25  5  30  4  (1) 8  11  29  (1) 13  41

Total commercial lines 533  105  638  (11) 171  49  209  522  171  154  847

Personal auto 151  27  178  8  29  7  44  159  29  34  222

Homeowners 186  27  213  28  71  7  106  214  71  34  319

Other personal 31  3  34  14  18  —  32  45  18  3  66

Total personal lines 368  57  425  50  118  14  182  418  118  71  607

Excess & surplus lines 36  20  56  5  37  12  54  41  37  32  110

Other 77  5  82  3  15  3  21  80  15  8  103

Total property casualty $ 1,014  $ 187  $ 1,201  $ 47  $ 341  $ 78  $ 466  $ 1,061  $ 341  $ 265  $ 1,667

*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.

Other data includes results from our Cincinnati Re operations and Cincinnati Global.

CINF First-Quarter 2026 Supplemental Financial Data

10

Quarterly Property Casualty Data - Consolidated

(Dollars in millions) Three months ended Six months ended Nine months ended Twelve months ended

12/31/26 9/30/26 6/30/26 3/31/26 12/31/25 9/30/25 6/30/25 3/31/25 6/30/26 6/30/25 9/30/26 9/30/25 12/31/26 12/31/25

Premiums

Agency renewal written premiums $ 2,045  $ 1,939  $ 2,037  $ 2,135  $ 1,912  $ 4,047  $ 6,084  $ 8,023

Agency new business written premiums 339  331  356  404  383  787  1,143  1,474

Other written premiums 284  91  100  194  200  394  494  585

Net written premiums $ 2,668  $ 2,361  $ 2,493  $ 2,733  $ 2,495  $ 5,228  $ 7,721  $ 10,082

Unearned premium change (149) 147  (9) (336) (231) (567) (576) (429)

Earned premiums $ 2,519  $ 2,508  $ 2,484  $ 2,397  $ 2,264  $ 4,661  $ 7,145  $ 9,653

Year over year change %

Agency renewal written premiums 7  % 10  % 13  % 16  % 14  % 15  % 14  % 13  %

Agency new business written premiums (11) (13) (12) (1) 11  5  (1) (4)

Other written premiums 42  (11) 9  (7) (9) (8) (5) (6)

Net written premiums 7  5  9  11  11  11  10  9

Paid losses and loss expenses

Losses paid $ 1,014  $ 942  $ 1,039  $ 1,049  $ 1,203  $ 2,253  $ 3,292  $ 4,234

Loss expenses paid 187  187  178  197  196  392  570  757

Loss and loss expenses paid $ 1,201  $ 1,129  $ 1,217  $ 1,246  $ 1,399  $ 2,645  $ 3,862  $ 4,991

Incurred losses and loss expenses

Loss and loss expense incurred $ 1,667  $ 1,397  $ 1,464  $ 1,587  $ 1,887  $ 3,474  $ 4,938  $ 6,335

Loss and loss expenses paid as a % of incurred 72.0  % 80.8  % 83.1  % 78.5  % 74.1  % 76.1  % 78.2  % 78.8  %

Statutory combined ratio

Loss ratio 56.3  % 43.7  % 49.5  % 55.4  % 72.4  % 63.6  % 58.7  % 54.9  %

Loss adjustment expense ratio 10.8  12.4  10.9  11.6  11.7  11.7  11.4  11.6

Net underwriting expense ratio 28.5  30.2  28.3  26.4  28.2  27.3  27.6  28.2

US Statutory combined ratio 95.6  % 86.3  % 88.7  % 93.4  % 112.3  % 102.6  % 97.7  % 94.7  %

Contribution from catastrophe losses 11.0  0.7  4.0  11.9  25.2  18.4  13.4  10.1

Statutory combined ratio excl. catastrophe losses 84.6  % 85.6  % 84.7  % 81.5  % 87.1  % 84.2  % 84.3  % 84.6  %

GAAP combined ratio

GAAP combined ratio 95.6  % 85.2  % 88.2  % 94.9  % 113.3  % 103.8  % 98.4  % 94.9  %

Contribution from catastrophe losses 10.8  1.0  3.7  12.2  25.0  18.4  13.3  10.1

GAAP combined ratio excl. catastrophe losses 84.8  % 84.2  % 84.5  % 82.7  % 88.3  % 85.4  % 85.1  % 84.8  %

*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts. The sum of quarterly amounts may not equal the full year as each is computed

independently.

*nm - Not meaningful

*Statutory data prepared in accordance with statutory accounting rules as defined by the National Association of Insurance Commissioners and filed with the appropriate regulatory bodies. Statutory ratios exclude the results of Cincinnati Global.

Consolidated property casualty data includes the results of Cincinnati Re and Cincinnati Global.

CINF First-Quarter 2026 Supplemental Financial Data

11

Quarterly Property Casualty Data - Commercial Lines

(Dollars in millions) Three months ended Six months ended Nine months ended Twelve months ended

12/31/26 9/30/26 6/30/26 3/31/26 12/31/25 9/30/25 6/30/25 3/31/25 6/30/26 6/30/25 9/30/26 9/30/25 12/31/26 12/31/25

Premiums

Agency renewal written premiums $ 1,184  $ 1,039  $ 1,043  $ 1,116  $ 1,152  $ 2,268  $ 3,311  $ 4,350

Agency new business written premiums 205  180  185  200  203  403  588  768

Other written premiums (30) (34) (30) (26) (30) (56) (86) (120)

Net written premiums $ 1,359  $ 1,185  $ 1,198  $ 1,290  $ 1,325  $ 2,615  $ 3,813  $ 4,998

Unearned premium change (118) 58  31  (78) (146) (224) (193) (135)

Earned premiums $ 1,241  $ 1,243  $ 1,229  $ 1,212  $ 1,179  $ 2,391  $ 3,620  $ 4,863

Year over year change %

Agency renewal written premiums 3  % 4  % 6  % 9  % 7  % 8  % 7  % 6  %

Agency new business written premiums 1  1  (1) 4  12  7  5  4

Other written premiums —  8  17  13  14  14  15  13

Net written premiums 3  4  5  9  8  9  7  7

Paid losses and loss expenses

Losses paid $ 533  $ 481  $ 497  $ 493  $ 403  $ 897  $ 1,393  $ 1,876

Loss expenses paid 105  104  102  110  109  218  321  426

Loss and loss expenses paid $ 638  $ 585  $ 599  $ 603  $ 512  $ 1,115  $ 1,714  $ 2,302

Incurred losses and loss expenses

Loss and loss expense incurred $ 847  $ 721  $ 747  $ 767  $ 735  $ 1,502  $ 2,249  $ 2,970

Loss and loss expenses paid as a % of incurred 75.3  % 81.1  % 80.2  % 78.6  % 69.7  % 74.2  % 76.2  % 77.5  %

Statutory combined ratio

Loss ratio 55.8  % 43.4  % 49.5  % 50.7  % 49.7  % 50.2  % 50.0  % 48.2  %

Loss adjustment expense ratio 12.5  14.5  11.3  12.7  12.6  12.6  12.2  12.8

Net underwriting expense ratio 27.7  31.4  30.9  28.3  26.9  27.6  28.6  29.3

Statutory combined ratio 96.0  % 89.3  % 91.7  % 91.7  % 89.2  % 90.4  % 90.8  % 90.3  %

Contribution from catastrophe losses 9.6  0.6  2.6  7.0  3.6  5.4  4.4  3.5

Statutory combined ratio excl. catastrophe losses 86.4  % 88.7  % 89.1  % 84.7  % 85.6  % 85.0  % 86.4  % 86.8  %

GAAP combined ratio

GAAP combined ratio 98.6  % 88.4  % 91.1  % 92.9  % 91.9  % 92.4  % 92.0  % 91.1  %

Contribution from catastrophe losses 9.6  0.6  2.6  7.0  3.6  5.4  4.4  3.5

GAAP combined ratio excl. catastrophe losses 89.0  % 87.8  % 88.5  % 85.9  % 88.3  % 87.0  % 87.6  % 87.6  %

*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts. The sum of quarterly amounts may not equal the full year as each is computed

independently.

*nm - Not meaningful

*Statutory data prepared in accordance with statutory accounting rules as defined by the National Association of Insurance Commissioners and filed with the appropriate regulatory bodies.

CINF First-Quarter 2026 Supplemental Financial Data

12

Quarterly Property Casualty Data - Personal Lines

(Dollars in millions) Three months ended Six months ended Nine months ended Twelve months ended

12/31/26 9/30/26 6/30/26 3/31/26 12/31/25 9/30/25 6/30/25 3/31/25 6/30/26 6/30/25 9/30/26 9/30/25 12/31/26 12/31/25

Premiums

Agency renewal written premiums $ 726  $ 764  $ 864  $ 866  $ 634  $ 1,500  $ 2,364  $ 3,128

Agency new business written premiums 76  92  116  141  127  268  384  476

Other written premiums (27) (29) (29) (27) (89) (116) (145) (174)

Net written premiums $ 775  $ 827  $ 951  $ 980  $ 672  $ 1,652  $ 2,603  $ 3,430

Unearned premium change 98  32  (113) (176) 26  (150) (263) (231)

Earned premiums $ 873  $ 859  $ 838  $ 804  $ 698  $ 1,502  $ 2,340  $ 3,199

Year over year change %

Agency renewal written premiums 15  % 22  % 24  % 27  % 28  % 28  % 26  % 25  %

Agency new business written premiums (40) (40) (30) (13) 4  (6) (15) (21)

Other written premiums 70  (12) (4) (8) (324) (152) (96) (74)

Net written premiums 15  10  14  20  13  17  16  14

Paid losses and loss expenses

Losses paid $ 368  $ 346  $ 424  $ 446  $ 609  $ 1,055  $ 1,479  $ 1,824

Loss expenses paid 57  58  52  63  64  127  179  237

Loss and loss expenses paid $ 425  $ 404  $ 476  $ 509  $ 673  $ 1,182  $ 1,658  $ 2,061

Incurred losses and loss expenses

Loss and loss expense incurred $ 607  $ 468  $ 507  $ 598  $ 846  $ 1,444  $ 1,951  $ 2,419

Loss and loss expenses paid as a % of incurred 70.0  % 86.3  % 93.9  % 85.1  % 79.6  % 81.9  % 85.0  % 85.2  %

Statutory combined ratio

Loss ratio 61.3  % 45.1  % 50.9  % 64.8  % 110.1  % 85.9  % 73.4  % 65.8  %

Loss adjustment expense ratio 8.2  9.5  9.5  9.6  11.0  10.3  10.0  9.9

Net underwriting expense ratio 30.2  28.2  25.9  24.7  31.2  27.3  26.8  27.1

Statutory combined ratio 99.7  % 82.8  % 86.3  % 99.1  % 152.3  % 123.5  % 110.2  % 102.8  %

Contribution from catastrophe losses 16.8  1.3  7.1  23.8  58.7  40.0  28.3  21.0

Statutory combined ratio excl. catastrophe losses 82.9  % 81.5  % 79.2  % 75.3  % 93.6  % 83.5  % 81.9  % 81.8  %

GAAP combined ratio

GAAP combined ratio 96.8  % 81.5  % 88.2  % 102.0  % 151.3  % 124.9  % 111.8  % 103.6  %

Contribution from catastrophe losses 16.8  1.3  7.1  23.8  58.7  40.0  28.3  21.0

GAAP combined ratio excl. catastrophe losses 80.0  % 80.2  % 81.1  % 78.2  % 92.6  % 84.9  % 83.5  % 82.6  %

*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts. The sum of quarterly amounts may not equal the full year as each is computed

independently.

*nm - Not meaningful

*Statutory data prepared in accordance with statutory accounting rules as defined by the National Association of Insurance Commissioners and filed with the appropriate regulatory bodies.

CINF First-Quarter 2026 Supplemental Financial Data

13

Quarterly Property Casualty Data - Excess & Surplus Lines

(Dollars in millions) Three months ended Six months ended Nine months ended Twelve months ended

12/31/26 9/30/26 6/30/26 3/31/26 12/31/25 9/30/25 6/30/25 3/31/25 6/30/26 6/30/25 9/30/26 9/30/25 12/31/26 12/31/25

Premiums

Agency renewal written premiums $ 135  $ 136  $ 130  $ 153  $ 126  $ 279  $ 409  $ 545

Agency new business written premiums 58  59  55  63  53  116  171  230

Other written premiums (11) (11) (10) (14) (11) (25) (35) (46)

Net written premiums $ 182  $ 184  $ 175  $ 202  $ 168  $ 370  $ 545  $ 729

Unearned premium change (2) 4  (1) (28) (6) (34) (35) (31)

Earned premiums $ 180  $ 188  $ 174  $ 174  $ 162  $ 336  $ 510  $ 698

Year over year change %

Agency renewal written premiums 7  % 2  % 15  % 10  % 12  % 11  % 12  % 9  %

Agency new business written premiums 9  20  2  24  26  25  16  17

Other written premiums —  —  —  (40) (22) (32) (21) (15)

Net written premiums 8  8  11  12  15  13  13  11

Paid losses and loss expenses

Losses paid $ 36  $ 43  $ 42  $ 38  $ 40  $ 78  $ 121  $ 163

Loss expenses paid 20  19  19  17  18  35  53  72

Loss and loss expenses paid $ 56  $ 62  $ 61  $ 55  $ 58  $ 113  $ 174  $ 235

Incurred losses and loss expenses

Loss and loss expense incurred $ 110  $ 108  $ 108  $ 110  $ 99  $ 209  $ 317  $ 425

Loss and loss expenses paid as a % of incurred 50.9  % 57.4  % 56.5  % 50.0  % 58.6  % 54.1  % 54.9  % 55.3  %

Statutory combined ratio

Loss ratio 43.6  % 39.1  % 42.8  % 43.8  % 43.1  % 43.4  % 43.2  % 42.1  %

Loss adjustment expense ratio 17.6  18.4  19.2  19.7  17.8  18.8  19.0  18.8

Net underwriting expense ratio 28.6  27.3  26.6  25.3  25.5  25.4  25.8  26.2

Statutory combined ratio 89.8  % 84.8  % 88.6  % 88.8  % 86.4  % 87.6  % 88.0  % 87.1  %

Contribution from catastrophe losses 0.7  (0.6) 0.1  1.3  0.3  0.9  0.6  0.3

Statutory combined ratio excl. catastrophe losses 89.1  % 85.4  % 88.5  % 87.5  % 86.1  % 86.7  % 87.4  % 86.8  %

GAAP combined ratio

GAAP combined ratio 89.3  % 84.7  % 89.8  % 91.1  % 88.3  % 89.8  % 89.8  % 88.4  %

Contribution from catastrophe losses 0.7  (0.6) 0.1  1.3  0.3  0.9  0.6  0.3

GAAP combined ratio excl. catastrophe losses 88.6  % 85.3  % 89.7  % 89.8  % 88.0  % 88.9  % 89.2  % 88.1  %

*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts. The sum of quarterly amounts may not equal the full year as each is computed

independently.

*nm - Not meaningful

*Statutory data prepared in accordance with statutory accounting rules as defined by the National Association of Insurance Commissioners and filed with the appropriate regulatory bodies.

CINF First-Quarter 2026 Supplemental Financial Data

14

Consolidated Cincinnati Insurance Companies

Statutory Statements of Income

For the Three Months Ended March 31,

(Dollars in millions) 2026 2025 Change % Change

Underwriting income

Net premiums written $ 2,570  $ 2,420  $ 150  6

Unearned premium change 124  220  (96) (44)

Earned premiums $ 2,446  $ 2,200  $ 246  11

Losses incurred $ 1,379  $ 1,592  $ (213) (13)

Defense and cost containment expenses incurred 133  126  7  6

Adjusting and other expenses incurred 131  132  (1) (1)

Other underwriting expenses incurred 731  681  50  7

Workers compensation dividend incurred 1  1  —  —

Total underwriting deductions $ 2,375  $ 2,532  $ (157) (6)

Net underwriting profit (loss) $ 71  $ (332) $ 403  nm

Investment income

Gross investment income earned $ 212  $ 184  $ 28  15

Net investment income earned 209  181  28  15

Net realized capital gains and losses, net 167  —  167  nm

Net investment gains (net of tax) $ 376  $ 181  $ 195  108

Other income $ 2  $ 2  $ —  —

Net income (loss) before federal income taxes $ 449  $ (149) $ 598  nm

Federal and foreign income taxes incurred 28  (62) 90  nm

Net income (loss) (statutory) $ 421  $ (87) $ 508  nm

Policyholders' surplus - statutory $ 9,860  $ 8,553  $ 1,307  15

Fixed maturities at amortized cost - statutory $ 14,359  $ 12,508  $ 1,851  15

*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.

*nm - Not meaningful

*Statutory data prepared in accordance with statutory accounting rules as defined by the National Association of Insurance Commissioners and filed with the appropriate regulatory bodies.

CINF First-Quarter 2026 Supplemental Financial Data

15

The Cincinnati Life Insurance Company

Statutory Statements of Income

For the Three Months Ended March 31,

(Dollars in millions) 2026 2025 Change % Change

Net premiums written $ 87  $ 79  $ 8  10

Net investment income 54  50  4  8

Commissions and expense allowances on reinsurance ceded 1  1  —  —

Income from fees associated with separate accounts 1  1  —  —

Total revenues $ 143  $ 131  $ 12  9

Death benefits and matured endowments $ 49  $ 56  $ (7) (13)

Annuity benefits 20  23  (3) (13)

Surrender benefits and group conversions 12  10  2  20

Interest and adjustments on deposit-type contract funds 1  2  (1) (50)

Increase in aggregate reserves for life and accident and health contracts (2) (9) 7  78

Total benefit expenses $ 80  $ 82  $ (2) (2)

Commissions $ 13  $ 12  $ 1  8

General insurance expenses and taxes 15  15  —  —

Increase in loading on deferred and uncollected premiums 1  3  (2) (67)

Net transfers from separate accounts (1) (8) 7  88

Total underwriting expenses $ 28  $ 22  $ 6  27

Federal and foreign income taxes incurred 7  6  1  17

Net gain from operations before capital gains and losses $ 28  $ 21  $ 7  33

Gains and losses net of capital gains tax, net (1) (1) —  —

Net income (statutory) $ 27  $ 20  $ 7  35

Policyholders' surplus - statutory $ 621  $ 527  $ 94  18

Fixed maturities at amortized cost - statutory $ 3,933  $ 3,828  $ 105  3

*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.

*nm - Not meaningful

*Statutory data prepared in accordance with statutory accounting rules as defined by the National Association of Insurance Commissioners and filed with the appropriate regulatory bodies.

CINF First-Quarter 2026 Supplemental Financial Data

16

Quarterly Data - Other

(Dollars in millions) Three months ended Six months ended Nine months ended Twelve months ended

12/31/26 9/30/26 6/30/26 3/31/26 12/31/25 9/30/25 6/30/25 3/31/25 6/30/26 6/30/25 9/30/26 9/30/25 12/31/26 12/31/25

Cincinnati Re:

Net written premiums $ 254  $ 86  $ 87  $ 164  $ 255  $ 418  $ 505  $ 591

Year over year change %- written premium —  % (13) % (2) % (21) % 26  % 2  % 1  % (1) %

Earned premiums $ 152  $ 138  $ 141  $ 142  $ 161  $ 303  $ 444  $ 582

Current accident year before catastrophe losses 46.7  % 52.7  % 52.9  % 56.2  % 46.6  % 51.1  % 51.7  % 51.9  %

Current accident year catastrophe losses 8.1  (0.8) 3.6  (0.6) 66.3  34.9  25.0  18.9

Prior accident years before catastrophe losses 3.2  (5.3) (0.9) 5.7  (4.5) 0.3  (0.1) (1.3)

Prior accident years catastrophe losses (6.5) 0.4  (2.1) (1.2) (2.4) (1.8) (1.9) (1.4)

Total loss and loss expense ratio 51.5  % 47.0  % 53.5  % 60.1  % 106.0  % 84.5  % 74.7  % 68.1  %

Cincinnati Global:

Net written premiums $ 98  $ 79  $ 82  $ 97  $ 75  $ 173  $ 255  $ 334

Year over year change %- written premium 31  % 3  % 6  % 45  % (9) % 16  % 13  % 10  %

Earned premiums $ 73  $ 80  $ 102  $ 65  $ 64  $ 129  $ 231  $ 311

Current accident year before catastrophe losses 42.5  % 35.6  % 35.1  % 41.8  % 39.3  % 40.6  % 38.2  % 37.5  %

Current accident year catastrophe losses 2.4  14.3  0.5  3.7  31.4  17.4  9.9  11.0

Prior accident years before catastrophe losses (12.0) (1.7) (10.1) (22.4) (0.2) (11.4) (10.8) (8.5)

Prior accident years catastrophe losses 0.4  (4.0) (0.1) 17.3  (13.9) 1.8  0.9  (0.3)

Total loss and loss expense ratio 33.3  % 44.2  % 25.4  % 40.4  % 56.6  % 48.4  % 38.2  % 39.7  %

Noninsurance operations:

Interest and fees on loans and leases $ 3  $ 3  $ 3  $ 2  $ 3  $ 5  $ 8  $ 11

Other revenue 3  3  3  3  1  4  7  10

Interest expense 13  13  13  14  13  27  40  53

Operating expenses 9  7  6  10  11  21  27  34

Total noninsurance operations loss $ (16) $ (14) $ (13) $ (19) $ (20) $ (39) $ (52) $ (66)

*Dollar amounts shown are in conformity with GAAP and rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts. The sum of quarterly amounts may not equal the full year as each is computed independently.

*Noninsurance operations include the noninvestment operations of the parent company and a noninsurance subsidiary, CFC Investment Company.

CINF First-Quarter 2026 Supplemental Financial Data

17

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