Next, Chief Financial Officer, Mike Sewell, will add his commentary about our financial performance. The third quarter pretax average yield of 4.44% for the fixed maturity portfolio rose 36 basis points compared with last year. The average pretax yield for the total of purchased taxable and tax-exempt bonds during the third quarter for 2023 was 6.4%. Valuation changes in aggregate for the third quarter of 2023 were unfavorable for both our equity and bond portfolios. Moving on to loss reserves. Our approach ...

SECURITIES AND EXCHANGE COMMISSION (Mark one) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended September 30, 2023. ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from _____________________ to _____________________. Commission file number 0-4604 CINCINNATI FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) Ohio 31-0746871 (State or other jur ...

Cincinnati Financial Corporation (NASDAQ:CINF) Q2 2023 Earnings Conference Call July 28, 2023 11:00 AM ET Steve Spray - President Meyer Shields - KBW Dennis McDaniel Steve Johnston For the same period, we increased the incurred but not reported or IBNR component of the ratio by 4.7 points as we continue to recognize uncertainty regarding ultimate losses remaining prudent in our reserve estimates until longer-term loss cost trends become more clear. Personal Lines grew net written premiums 23%, with growth i ...

In the first quarter of 2023, we adopted ASU 2018-12 which resulted in changes to the life policy and investment contract reserves and the expansion of required disclosures. The below disclosures represent application of the updated guidance. See Note 1, Accounting Policies, for further discussion. | --- | --- | --- | |----------------------------------------------------------------|-----------------|---------------------| | (Dollars in millions) | June 30, 2023 | December 31, 2022 | | Life policy reserves: ...

Conference Call Participants Now IÂ'll turn over the call to Steve. Now our Chief Financial Officer, Mike Sewell will comment on other key factors of our financial performance. Steve Johnston Yes. IÂ'd like to begin, I was going through your press release and on Page 4, you talk about how the commercial lines average renewal pricing was near the high end of the mid single digit percent range. And then in the next sentence, and you commented this in your – in the prepared remarks, you talked about the 14% de ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------|-------|----------------|-------|---------|-------------------|-------|--------------------|-------|------------------|-------|-------| | The table below shows the life deferred policy acquisition \n(Dollars in millions) \nThree months ended March 31, 2023 | costs | asset \nTerm | by | ...

Recent Accounting Pronouncements Consolidated financial results primarily reflect the results of our five reporting segments. These segments are defined based on financial information we use to evaluate performance and to determine the allocation of assets. • Commercial lines insurance • Personal lines insurance • Excess and surplus lines insurance • Life insurance • Investments Investments held by the parent company and the investment portfolios for the insurance subsidiaries are managed and reported as th ...

Cincinnati Financial Corporation (NASDAQ:CINF) Q4 2022 Earnings Conference Call February 7, 2023 11:00 AM ET Steve Johnston - Chairman & CEO Steve Soloria - SVP, Investments Mike Zaremski - BMO Operator Dennis McDaniel - IR Steve Spray - President Paul Newsome - Piper Sandler Grace Carter - Bank of America Good day, and welcome to the Cincinnati Financial Corporation Fourth Quarter and Full-Year 2022 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After toda ...

Cincinnati Financial Corporation (NASDAQ:CINF) Q3 2022 Earnings Conference Call November 1, 2022 11:00 AM ET Company Participants Dennis McDaniel - IRO Steve Johnston - Chairman & CEO Mike Sewell - EVP & CFO Steve Spray - President Steve Soloria - SVP, Investments Marc Schambow - Chief Claims Officer, The Cincinnati Insurance Company Theresa Hoffer - SVP, Corporate Finance Conference Call Participants Paul Newsome - Piper Sandler Mike Zaremski - BMO Sid Parameswar - Raymond James Scott Heleniak - RBC Capita ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark one) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended September 30, 2022. ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from _____________________ to _____________________. Commission file number 0-4604 CINCINNATI FINANCIAL CORPORATION (Exact name of registrant as specified in i ...