Tearsheet

Cincinnati Financial (CINF)


Market Price (12/24/2025): $165.78 | Market Cap: $25.9 Bil
Sector: Financials | Industry: Property & Casualty Insurance

Cincinnati Financial (CINF)


Market Price (12/24/2025): $165.78
Market Cap: $25.9 Bil
Sector: Financials
Industry: Property & Casualty Insurance

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.


0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 10%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.0%, FCF Yield is 11%
Trading close to highs
Dist 52W High is -1.3%, Dist 3Y High is -1.3%
Key risks
CINF key risks include [1] stock market downturns negatively impacting its significant equity portfolio.
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 23%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 23%, CFO LTM is 2.8 Bil, FCF LTM is 2.8 Bil
Weak multi-year price returns
3Y Excs Rtn is -4.2%
 
2 Low stock price volatility
Vol 12M is 24%
  
3 Megatrend and thematic drivers
Megatrends include AI in Financial Services, and Fintech & Digital Payments. Themes include AI for Fraud Detection, and Wealth Management Technology.
  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 10%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.0%, FCF Yield is 11%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 23%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 23%, CFO LTM is 2.8 Bil, FCF LTM is 2.8 Bil
2 Low stock price volatility
Vol 12M is 24%
3 Megatrend and thematic drivers
Megatrends include AI in Financial Services, and Fintech & Digital Payments. Themes include AI for Fraud Detection, and Wealth Management Technology.
4 Trading close to highs
Dist 52W High is -1.3%, Dist 3Y High is -1.3%
5 Weak multi-year price returns
3Y Excs Rtn is -4.2%
6 Key risks
CINF key risks include [1] stock market downturns negatively impacting its significant equity portfolio.

Valuation, Metrics & Events

CINF Stock


Why The Stock Moved


Qualitative Assessment

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1. Strong Q3 2025 Earnings Beat

Cincinnati Financial reported robust third-quarter 2025 results, with earnings per share reaching $2.85, significantly surpassing analysts' consensus estimates of $2.01. The company's revenue also exceeded expectations, coming in at $3.73 billion against a projected $2.87 billion.

2. Positive Analyst Sentiment and Price Target Increases

During the latter part of 2025, numerous analysts maintained or upgraded their ratings for Cincinnati Financial, resulting in an average "Moderate Buy" or "Strong Buy" consensus. Several firms also increased their 12-month price targets for CINF, reflecting a positive outlook on the stock's future performance.

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Stock Movement Drivers

Fundamental Drivers

The 7.9% change in CINF stock from 9/23/2025 to 12/23/2025 was primarily driven by a 12.7% change in the company's Net Income Margin (%).
923202512232025Change
Stock Price ($)153.64165.787.90%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)11672.0012078.003.48%
Net Income Margin (%)15.59%17.57%12.67%
P/E Multiple13.1912.20-7.57%
Shares Outstanding (Mil)156.30156.100.13%
Cumulative Contribution7.90%

LTM = Last Twelve Months as of date shown

Market Drivers

9/23/2025 to 12/23/2025
ReturnCorrelation
CINF7.9% 
Market (SPY)3.7%13.3%
Sector (XLF)3.1%52.8%

Fundamental Drivers

The 14.2% change in CINF stock from 6/24/2025 to 12/23/2025 was primarily driven by a 33.2% change in the company's Net Income Margin (%).
624202512232025Change
Stock Price ($)145.11165.7814.24%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)10968.0012078.0010.12%
Net Income Margin (%)13.19%17.57%33.17%
P/E Multiple15.6812.20-22.25%
Shares Outstanding (Mil)156.40156.100.19%
Cumulative Contribution14.24%

LTM = Last Twelve Months as of date shown

Market Drivers

6/24/2025 to 12/23/2025
ReturnCorrelation
CINF14.2% 
Market (SPY)13.7%25.6%
Sector (XLF)7.8%58.9%

Fundamental Drivers

The 18.7% change in CINF stock from 12/23/2024 to 12/23/2025 was primarily driven by a 71.6% change in the company's P/E Multiple.
1223202412232025Change
Stock Price ($)139.68165.7818.69%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)12155.0012078.00-0.63%
Net Income Margin (%)25.26%17.57%-30.44%
P/E Multiple7.1112.2071.60%
Shares Outstanding (Mil)156.20156.100.06%
Cumulative Contribution18.69%

LTM = Last Twelve Months as of date shown

Market Drivers

12/23/2024 to 12/23/2025
ReturnCorrelation
CINF18.7% 
Market (SPY)16.7%51.1%
Sector (XLF)15.7%72.1%

Fundamental Drivers

The 71.4% change in CINF stock from 12/24/2022 to 12/23/2025 was primarily driven by a 78.5% change in the company's Total Revenues ($ Mil).
1224202212232025Change
Stock Price ($)96.71165.7871.43%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)6767.0012078.0078.48%
P/S Multiple2.262.14-5.11%
Shares Outstanding (Mil)158.00156.101.20%
Cumulative Contribution71.40%

LTM = Last Twelve Months as of date shown

Market Drivers

12/24/2023 to 12/23/2025
ReturnCorrelation
CINF70.8% 
Market (SPY)48.4%41.7%
Sector (XLF)52.3%67.6%

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
CINF Return-14%33%-8%4%42%19%86%
Peers Return-9%37%12%7%24%18%120%
S&P 500 Return16%27%-19%24%23%17%114%

Monthly Win Rates [3]
CINF Win Rate42%67%50%50%75%58% 
Peers Win Rate55%60%58%60%65%62% 
S&P 500 Win Rate58%75%42%67%75%73% 

Max Drawdowns [4]
CINF Max Drawdown-53%-4%-20%-5%0%-11% 
Peers Max Drawdown-51%-3%-11%-18%-1%-7% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: CB, TRV, AIG, PRU, HIG. See CINF Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/23/2025 (YTD)

How Low Can It Go

Unique KeyEventCINFS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-36.6%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven57.7%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven748 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-57.9%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven137.4%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven356 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-17.6%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven21.4%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven133 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-62.0%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven163.1%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven1,491 days1,480 days

Compare to CB, TRV, AIG, PRU, HIG

In The Past

Cincinnati Financial's stock fell -36.6% during the 2022 Inflation Shock from a high on 4/20/2022. A -36.6% loss requires a 57.7% gain to breakeven.

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About Cincinnati Financial (CINF)

Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. The company operates through five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment offers coverage for commercial casualty, commercial property, commercial auto, and workers' compensation. It also provides director and officer liability insurance, contract and commercial surety bonds, and fidelity bonds; and machinery and equipment coverage. The Personal Lines Insurance segment offers personal auto insurance; homeowner insurance; and dwelling fire, inland marine, personal umbrella liability, and watercraft coverages to individuals. The Excess and Surplus Lines Insurance segment offers commercial casualty insurance that covers businesses for third-party liability from accidents occurring on their premises or arising out of their operations, such as injuries sustained from products; and commercial property insurance, which insures buildings, inventory, equipment, and business income from loss or damage due to various causes, such as fire, wind, hail, water, theft, and vandalism. The Life Insurance segment provides term life insurance products; universal life insurance products; worksite products, such as term life; and whole life insurance products. The Investments segment invests in fixed-maturity investments, including taxable and tax-exempt bonds, and redeemable preferred stocks; and equity investments comprising common and nonredeemable preferred stocks. The company also offers commercial leasing and financing services; and insurance brokerage services. Cincinnati Financial Corporation was founded in 1950 and is headquartered in Fairfield, Ohio.

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  • **Allstate (ALL)**, but primarily focused on serving customers through independent insurance agents.
  • A less direct-to-consumer **Progressive (PGR)**, offering a broad range of property and casualty and life insurance primarily through independent agents.
  • A traditional, diversified property and casualty insurer, quite similar to **The Travelers Companies (TRV)**.

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  • Commercial Lines Insurance: Provides a broad range of property, casualty, and other insurance products to businesses.
  • Personal Lines Insurance: Offers homeowners, automobile, and other property and casualty insurance policies to individuals and families.
  • Life Insurance: Provides various term, universal, and whole life insurance policies, along with annuities.

AI Analysis | Feedback

Cincinnati Financial (symbol: CINF) is a property and casualty insurance company that also offers life insurance and operates a property and casualty insurance agency. They distribute their products and services primarily through independent insurance agencies.

Given their business model as an insurer, Cincinnati Financial serves a highly diversified customer base rather than a few major corporate clients. Therefore, it is more appropriate to describe the categories of customers they serve:

  • Small to Mid-Sized Businesses: This category represents a significant portion of Cincinnati Financial's property and casualty insurance business. They provide comprehensive commercial insurance policies, including property, liability, workers' compensation, commercial auto, and umbrella coverage, to a wide array of businesses across various industries (e.g., manufacturing, retail, services, construction, healthcare, education).
  • Individuals and Families: Cincinnati Financial serves individual consumers and families by offering personal lines insurance products. These typically include auto insurance, homeowners insurance, renters insurance, and personal umbrella liability policies.
  • Life Insurance and Annuity Customers: Through its life insurance subsidiary, The Cincinnati Life Insurance Company, CINF provides various life insurance products (such as term life, whole life, and universal life insurance) and annuities to individuals as part of their financial planning and wealth protection strategies.

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Stephen M. Spray, President and Chief Executive Officer

Stephen M. Spray became President of Cincinnati Financial Corporation in 2022 and assumed the title of Chief Executive Officer in May 2024. He joined Cincinnati Insurance in 1991 and has held various positions of increasing responsibility throughout his tenure. Notably, he was instrumental in the formation of The Cincinnati Specialty Underwriters Insurance Company in 2007. From 2011 to 2016, he managed sales and marketing, including field underwriters and independent agency relationships. He then led the company's commercial lines operations from 2016 to 2019 and served as chief insurance officer of the property casualty subsidiaries from 2019 to 2022.

Michael J. Sewell, Chief Financial Officer, Executive Vice President and Treasurer (Principal Accounting Officer)

Michael J. Sewell has served as Chief Financial Officer, Executive Vice President and Treasurer (Principal Accounting Officer) of Cincinnati Financial Corporation since June 2011. Prior to joining Cincinnati Financial, he spent over 25 years as a Partner at Deloitte & Touche LLP, from August 1985 to May 2011.

Steven J. Johnston, Chairman of the Board

Steven J. Johnston has served as Executive Chairman of the Board since 2020. He was previously President and Chief Executive Officer of Cincinnati Financial Corporation and its U.S. subsidiaries from 2011 to May 2024. Before his time as CEO, he was the Chief Financial Officer, Senior Vice President, and Treasurer for Cincinnati Financial from 2008 to 2011. Earlier in his career, Mr. Johnston held the position of Chief Financial Officer and Treasurer at State Auto Financial Corp. and was a Director and Senior Vice President at State Automobile Mutual Insurance Co., Inc.

Steven A. Soloria, Chief Investment Officer and Executive Vice President

Steven A. Soloria was promoted to Chief Investment Officer and Executive Vice President in 2023. He has nearly 30 years of experience within Cincinnati Financial's investment department, having joined the company in 1990. Prior to his current role, he served as a Vice President at CinFin Capital Management Co., Inc. and as a Senior Vice President at The Cincinnati Insurance Co.

Thomas C. Hogan, Esq., Chief Legal Officer, Executive Vice President, and Corporate Secretary

Thomas C. Hogan was appointed Chief Legal Officer, Executive Vice President, and Corporate Secretary in May 2024. He is a veteran of Cincinnati Insurance with 31 years of service, having most recently served as Senior Vice President and Associate General Counsel since 2019.

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Key Risks to Cincinnati Financial (CINF)

  1. Catastrophe Losses and Weather-Related Events: Cincinnati Financial, as a property and casualty insurer, is highly susceptible to the increasing frequency and severity of catastrophe losses and weather-related natural disasters. These events can significantly impact underwriting results, leading to higher claims, increased reinsurance costs, and potential erosion of profitability. The company's exposure to such events necessitates robust risk management and prudent reserve management strategies.
  2. Economic and Market Volatility: The company's performance is sensitive to broader economic and market fluctuations. This includes volatility in interest rates, which can affect the value of its investment portfolio and its ability to generate investment income. Additionally, stock market downturns can negatively impact its significant equity portfolio. Inflationary pressures can also lead to increased claim costs in auto and property repairs, affecting future profitability.
  3. Regulatory and Legal Risks: Operating within a highly regulated insurance industry exposes Cincinnati Financial to risks associated with changes in insurance laws and regulations. Such changes can lead to increased compliance costs, limit the company's ability to set competitive rates, and potentially impact business operations. Furthermore, the threat of legal proceedings, including class actions and claims alleging bad faith handling of insurance claims, poses a risk to the company's financial health and reputation.

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The emergence and growth of digitally native insurtech companies and direct-to-consumer insurance platforms. These entities leverage advanced data analytics, artificial intelligence, and streamlined digital interfaces to offer insurance products directly to customers, often bypassing traditional independent agent networks. This trend challenges Cincinnati Financial's long-standing reliance on independent agents for distribution and its traditional underwriting processes by promising faster quotes, lower premiums, and more convenient customer experiences, akin to how Netflix disrupted Blockbuster's physical distribution model.

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The addressable markets for Cincinnati Financial's main products and services in the U.S. are as follows:

  • U.S. Property and Casualty (P&C) Insurance Market: This is Cincinnati Financial's main business. The total U.S. property and casualty insurance market size was approximately $1.05 trillion in 2024 based on direct premiums written. Another estimate valued the market at $1.0 trillion in 2024. The U.S. property and casualty insurance market was valued at $1.10 trillion in 2025 and is projected to reach $1.33 trillion by 2030, growing at a compound annual growth rate (CAGR) of 3.96%. Net premiums written for the P&C sector totaled $932.5 billion in 2024.
    • U.S. Personal Lines Insurance (a component of P&C): This segment accounted for $534.92 billion in direct premiums written in 2024.
    • U.S. Commercial Lines Insurance (a component of P&C): This segment grew to $502.35 billion in aggregated direct premiums written in 2024. The U.S. commercial insurance market size reached $294.6 billion in 2024 and is expected to reach $489.1 billion by 2033, exhibiting a CAGR of 5.20% during 2025-2033.
  • U.S. Life Insurance Market: Cincinnati Financial offers life insurance and annuities. The U.S. life insurance market generated a revenue of approximately $504.4 billion in 2020 and is expected to reach around $848.1 billion by 2027. More recent estimates indicate the U.S. life insurance market size was $765.38 billion in 2023 and is projected to reach $1,476.31 billion by 2032. Another source estimated the U.S. life insurance market size at $1.93 trillion in 2024 and predicted it would be worth around $4.74 trillion by 2034. Net premiums written for the life/annuity insurance sector totaled $822.6 billion in 2024.

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Here are 3-5 expected drivers of future revenue growth for Cincinnati Financial (CINF) over the next 2-3 years:

1. Sustained Premium Growth through Pricing and Exposure Increases: Cincinnati Financial anticipates continued growth in net written premiums across its property casualty segments. This growth is expected to be driven by a combination of price increases, strategic premium growth initiatives, and a higher level of insured exposures. For example, property casualty net written premiums grew 15% in full-year 2024 and 9% in the third quarter of 2025. Management emphasizes refining pricing precision on a policy-by-policy basis to maintain profitability despite competitive market dynamics.

2. Robust Investment Income Growth: The company expects investment income to be a significant contributor to future revenue growth. This is supported by efforts in 2024 to rebalance its investment portfolio, leading to strong cash flow from insurance operations and higher bond interest income. Investment income increased by 14% in the third quarter of 2025, with bond interest income specifically growing by 21%. Analysts also anticipate solid investment income growth to drive earnings per share outperformance in the coming year.

3. Expansion of Agency Appointments and New Business Generation: Cincinnati Financial's strategy of expanding its network of independent agency appointments is a key driver for new business generation and overall premium growth. The company reported 304 new agency appointments in full-year 2024. Additionally, new business written premiums by agencies increased by 26% in the first quarter of 2025, demonstrating the effectiveness of this expansion strategy.

4. Product Expansion and Diversification, particularly in Excess and Surplus Lines: The company is focused on expanding its product offerings, notably in excess and surplus (E&S) lines and through entities like Cincinnati Global. Cincinnati Global has seen premium growth, benefiting from product expansion in recent years. This also includes strategically shifting business, such as California homeowners policies, into the E&S market to manage risk more effectively, indicating a proactive approach to evolving market demands and risk profiles.

5. Enhanced Underwriting Discipline and Improved Combined Ratios: While not a direct top-line revenue driver, improved underwriting profitability, evidenced by better combined ratios across commercial, personal, and E&S lines, is crucial for sustainable revenue growth. This is achieved through lower catastrophe losses and ongoing risk segmentation. Strong underwriting performance ensures that the premiums generated translate into healthy profits, supporting the capacity for future growth and investment. The property casualty combined ratio improved to 88.2% in Q3 2025.

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Share Repurchases

  • Cincinnati Financial repurchased approximately 44,000 shares at an average price of $149.75 per share during the third quarter of 2025.
  • In 2024, the company returned capital totaling $616 million to shareholders, which included funds for share repurchases and regular cash dividends.
  • Treasury stock at cost increased by approximately $139 million in 2024, from $2,385 million in 2023 to $2,524 million.

Share Issuance

  • The number of common shares issued by Cincinnati Financial remained constant at 198.3 million for the fiscal years 2023 and 2024.
  • Similarly, the number of common shares issued remained at 198.3 million for 2020 and 2021.

Inbound Investments

  • In 2020, Cincinnati Financial received a $2.5 million grant from JobsOhio, designated for the development of advanced analytic modeling and data science capabilities. [cite: 12 (from previous turn)]

Outbound Investments

  • In 2024, the company rebalanced its equity portfolio by selling over $1.2 billion in equity securities to reinvest in higher-yielding bonds.

Capital Expenditures

  • Cincinnati Financial makes strategic business investments aimed at improving expense management and operational efficiency. [cite: 22 (from previous turn)]
  • The company focuses investments on risk selection and pricing expertise, and strengthening its enterprise risk management efforts.
  • Investments are also directed towards supporting a local decision-making operating structure, field claims service, field underwriting, and field support services.

Trade Ideas

Select ideas related to CINF. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
WU_11212025_Dip_Buyer_FCFYield11212025WUWestern UnionDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
12.4%12.4%-0.4%
COIN_11212025_Monopoly_xInd_xCD_Getting_Cheaper11212025COINCoinbase GlobalMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
0.8%0.8%-0.5%
PYPL_11142025_Dip_Buyer_FCFYield11142025PYPLPayPalDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-5.4%-5.4%-7.5%
V_11142025_Monopoly_xInd_xCD_Getting_Cheaper11142025VVisaMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
7.1%7.1%-2.7%
WD_11072025_Dip_Buyer_ValueBuy11072025WDWalker & DunlopDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-11.5%-11.5%-12.1%
CINF_3312020_Dip_Buyer_2_Growing_With_High_FCF_Yield03312020CINFCincinnati FinancialDip BuyDB | Growth | FCF YieldDip Buy with Growth and High Free Cash Flow Yield
Buying dips for companies with growth, and significant free cash flow yield (FCF / Market Cap)
5.1%40.9%-35.7%

Recent Active Movers

More From Trefis

Peer Comparisons for Cincinnati Financial

Peers to compare with:

Financials

CINFCBTRVAIGPRUHIGMedian
NameCincinna.Chubb Traveler.American.Prudenti.Hartford. 
Mkt Price165.78313.30292.4686.59114.18139.08152.43
Mkt Cap25.9124.565.547.940.539.144.2
Rev LTM12,07858,90048,40927,39057,92627,69238,050
Op Inc LTM-------
FCF LTM2,79113,3219,9852,8035,2745,8655,570
FCF 3Y Avg2,48113,4098,6824,1205,7814,9225,351
CFO LTM2,80713,3219,9852,8035,2745,9885,631
CFO 3Y Avg2,49913,4098,6824,1205,7815,1095,445

Growth & Margins

CINFCBTRVAIGPRUHIGMedian
NameCincinna.Chubb Traveler.American.Prudenti.Hartford. 
Rev Chg LTM-0.6%6.7%6.7%2.9%-21.0%6.9%4.8%
Rev Chg 3Y Avg22.7%12.2%10.1%9.8%1.9%8.6%10.0%
Rev Chg Q12.2%8.2%4.8%-5.2%-8.2%6.4%5.6%
QoQ Delta Rev Chg LTM3.5%2.2%1.2%-1.3%-2.7%1.6%1.4%
Op Mgn LTM-------
Op Mgn 3Y Avg-------
QoQ Delta Op Mgn LTM-------
CFO/Rev LTM23.2%22.6%20.6%10.2%9.1%21.6%21.1%
CFO/Rev 3Y Avg22.0%24.8%19.4%21.6%9.4%19.6%20.6%
FCF/Rev LTM23.1%22.6%20.6%10.2%9.1%21.2%20.9%
FCF/Rev 3Y Avg21.9%24.8%19.4%21.6%9.4%18.9%20.5%

Valuation

CINFCBTRVAIGPRUHIGMedian
NameCincinna.Chubb Traveler.American.Prudenti.Hartford. 
Mkt Cap25.9124.565.547.940.539.144.2
P/S2.12.11.41.70.71.41.6
P/EBIT9.79.58.59.3-8.59.3
P/E12.212.911.214.715.511.012.5
P/CFO9.29.36.617.17.76.58.5
Total Yield10.2%9.0%9.7%8.8%11.2%10.6%10.0%
Dividend Yield2.0%1.2%0.7%2.0%4.7%1.5%1.7%
FCF Yield 3Y Avg12.1%12.9%17.2%9.2%15.0%15.8%13.9%
D/E0.00.10.10.20.50.10.1
Net D/E-0.1-0.2-1.4-0.6-1.2-0.4-0.5

Returns

CINFCBTRVAIGPRUHIGMedian
NameCincinna.Chubb Traveler.American.Prudenti.Hartford. 
1M Rtn0.4%5.4%1.2%14.6%7.0%2.4%3.9%
3M Rtn7.9%13.9%6.3%13.5%12.2%6.0%10.0%
6M Rtn14.2%10.0%10.8%2.5%10.2%10.8%10.5%
12M Rtn18.7%15.3%23.1%22.0%1.3%28.9%20.4%
3Y Rtn71.4%48.9%63.4%46.6%33.1%93.6%56.2%
1M Excs Rtn-4.3%0.7%-3.4%9.9%2.3%-2.3%-0.8%
3M Excs Rtn3.8%8.9%2.0%7.6%7.9%1.9%5.7%
6M Excs Rtn3.2%-1.9%-0.4%-9.1%-2.4%-0.3%-1.1%
12M Excs Rtn1.5%-1.6%7.3%6.6%-13.8%14.3%4.1%
3Y Excs Rtn-4.2%-24.8%-10.0%-31.4%-43.9%19.3%-17.4%

Financials

Segment Financials

Assets by Segment
$ Mil20242023202220212020
Investments24,9991,51824,48121,33219,583
Property casualty insurance5,2949034,4213,8383,437
Life insurance1,5625,1781,5901,6611,516
Other91422,133895711872
Total32,76929,73231,38727,54225,408


Price Behavior

Price Behavior
Market Price$165.78 
Market Cap ($ Bil)25.9 
First Trading Date03/26/1990 
Distance from 52W High-1.3% 
   50 Days200 Days
DMA Price$160.95$149.92
DMA Trendupup
Distance from DMA3.0%10.6%
 3M1YR
Volatility18.7%24.2%
Downside Capture3.7553.78
Upside Capture39.2262.27
Correlation (SPY)14.3%51.1%
CINF Betas & Captures as of 11/30/2025

 1M2M3M6M1Y3Y
Beta0.080.240.340.550.660.71
Up Beta0.310.370.600.950.650.77
Down Beta-1.160.140.060.070.720.66
Up Capture97%47%60%62%51%41%
Bmk +ve Days12253873141426
Stock +ve Days13273972135398
Down Capture-25%8%23%61%73%87%
Bmk -ve Days7162452107323
Stock -ve Days6142353113349

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
 Comparison of CINF With Other Asset Classes (Last 1Y)
 CINFSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return19.3%18.1%18.8%72.9%9.0%3.7%-11.4%
Annualized Volatility24.1%19.0%19.5%19.2%15.3%17.2%35.0%
Sharpe Ratio0.670.740.762.720.360.05-0.14
Correlation With Other Assets 72.1%51.1%4.1%14.2%66.9%11.7%

ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data
 Comparison of CINF With Other Asset Classes (Last 5Y)
 CINFSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return18.3%16.2%14.8%18.9%11.8%4.7%35.5%
Annualized Volatility26.2%18.9%17.1%15.5%18.7%18.9%48.9%
Sharpe Ratio0.650.710.700.980.510.160.62
Correlation With Other Assets 67.1%49.1%2.2%12.2%47.1%14.9%

ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
 Comparison of CINF With Other Asset Classes (Last 10Y)
 CINFSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return13.8%13.1%14.8%15.1%6.8%5.4%69.1%
Annualized Volatility28.7%22.3%18.0%14.8%17.6%20.8%55.8%
Sharpe Ratio0.500.550.710.850.310.230.90
Correlation With Other Assets 70.2%58.8%-0.3%18.8%55.2%10.2%

ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Short Interest

Short Interest: As Of Date11282025
Short Interest: Shares Quantity2,233,233
Short Interest: % Change Since 111520253.5%
Average Daily Volume514,804
Days-to-Cover Short Interest4.34
Basic Shares Quantity156,100,000
Short % of Basic Shares1.4%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
10/27/2025-3.7%-2.5%6.8%
7/28/20253.6%1.8%4.4%
4/28/20252.9%5.9%8.8%
2/10/20252.8%0.7%3.2%
10/24/20242.2%1.9%13.2%
7/25/20243.0%8.0%10.4%
4/25/2024-6.4%-1.9%-0.6%
2/6/2024-4.5%-2.2%4.6%
...
SUMMARY STATS   
# Positive161516
# Negative898
Median Positive3.3%3.3%7.7%
Median Negative-5.5%-4.9%-4.7%
Max Positive6.9%10.2%20.9%
Max Negative-13.9%-26.7%-25.1%

SEC Filings

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Report DateFiling DateFiling
93020251027202510-Q 9/30/2025
6302025728202510-Q 6/30/2025
3312025428202510-Q 3/31/2025
12312024224202510-K 12/31/2024
93020241024202410-Q 9/30/2024
6302024725202410-Q 6/30/2024
3312024425202410-Q 3/31/2024
12312023226202410-K 12/31/2023
93020231026202310-Q 9/30/2023
6302023727202310-Q 6/30/2023
3312023427202310-Q 3/31/2023
12312022223202310-K 12/31/2022
93020221031202210-Q 9/30/2022
6302022727202210-Q 6/30/2022
3312022428202210-Q 3/31/2022
12312021224202210-K 12/31/2021