Financial Highlights - Cincinnati Financial Corporation reported a fourth-quarter 2025 net income of $676 million, or $4.29 per share, a 67% increase from $405 million, or $2.56 per share, in the fourth quarter of 2024 [5] - Full-year 2025 net income reached $2.393 billion, or $15.17 per share, compared to $2.292 billion, or $14.53 per share, in 2024 [5] - The company experienced a 10% increase in earned premiums for the fourth quarter of 2025, totaling $2.592 billion, and a 12% increase for the full year, reaching $9.983 billion [2][5] - Investment income, net of expenses, rose by 9% in the fourth quarter to $305 million and by 14% for the full year to $1.165 billion [2][5] Insurance Operations Highlights - The insurance operations achieved a combined ratio of 85.2% for the fourth quarter of 2025, marking one of the best performances in the last decade, and a full-year combined ratio of 94.9%, within the long-term goal of 92% to 98% [9][10] - Total property casualty net written premiums increased by 9% for the year, surpassing $10 billion for the first time in the company's history [10][11] - The life insurance subsidiary reported a 16% increase in net income to $106 million for the fourth quarter of 2025 [10][11] Investment and Balance Sheet Highlights - The book value per share increased by 15% to $102.35 at December 31, 2025, bolstered by a 14% increase in net pretax investment income [14][33] - Total investments reached $31.783 billion, up from $28.378 billion a year earlier, and total assets increased to $41.002 billion from $36.501 billion [33][34] - The company reported a 9% rise in fourth-quarter 2025 pretax investment income, primarily due to a 10% increase in interest income from fixed-maturity securities [34]

Financial Performance Highlights - Cincinnati Financial Corporation reported total revenues of $3,248 million for the second quarter of 2025, a 28% increase from $2,544 million in the same period of 2024 [2] - Net income for the second quarter of 2025 was $685 million, or $4.34 per share, compared to $312 million, or $1.98 per share, in the second quarter of 2024, marking a 120% increase [2][8] - Non-GAAP operating income for the second quarter of 2025 was $311 million, or $1.97 per share, up 52% from $204 million, or $1.29 per share, in the second quarter of 2024 [2][8] - The company declared a cash dividend of $0.87 per share, a 7% increase from $0.81 per share in the second quarter of 2024 [2] Insurance Operations Highlights - The property casualty combined ratio improved to 94.9% in the second quarter of 2025, down from 98.5% in the same quarter of 2024 [6][9] - Property casualty net written premiums grew by 11% in both the second quarter and the first half of 2025, surpassing $5 billion for the first time in the first six months [7][14] - The company experienced a 20% growth in personal lines net written premiums in the second quarter of 2025, driven by higher agency renewal premiums [20] Investment Performance Highlights - Pretax investment income for the second quarter of 2025 rose 18% to $285 million, driven by a 24% increase in bond interest income [7][23] - Total investment income after-tax for the second quarter was $236 million, a 17% increase from $202 million in the same quarter of 2024 [23] - The fair value of total investments increased by 4% to $30.564 billion at June 30, 2025, compared to $29.361 billion at year-end 2024 [32] Balance Sheet Highlights - The book value per share reached a record high of $91.46 at June 30, 2025, up 2.6% from $89.11 at year-end 2024 [27][32] - Total assets increased to $38,842 million at June 30, 2025, compared to $36,501 million at December 31, 2024 [27] - Shareholders' equity rose to $14,301 million at June 30, 2025, up from $13,935 million at year-end 2024 [27]

Financial Highlights - Cincinnati Financial Corporation reported a net loss of $90 million, or $0.57 per share, for the first quarter of 2025, a significant decline from a net income of $755 million, or $4.78 per share, in the same period of 2024 [1][3] - Total revenues decreased to $2.566 billion in Q1 2025 from $2.935 billion in Q1 2024, reflecting a 13% decline [1][3] - The company experienced a 13% increase in earned premiums, totaling $2.344 billion in Q1 2025 compared to $2.071 billion in Q1 2024 [1][3] Investment and Balance Sheet Highlights - Investment income, net of expenses, rose by 14% to $280 million in Q1 2025 from $245 million in Q1 2024 [1][3] - The book value per share increased to $87.78 as of March 31, 2025, up from $80.83 a year earlier, representing a 9% increase [1][3] - Total investments reached $28.481 billion as of March 31, 2025, a slight increase from $28.378 billion at year-end 2024 [25] Insurance Operations Highlights - The property casualty combined ratio for Q1 2025 was 113.3%, up from 93.6% in Q1 2024, indicating increased losses from catastrophes [4][10] - Net written premiums in the property casualty segment grew by 11% to $2.495 billion in Q1 2025, driven by price increases and higher insured exposures [4][12] - The life insurance subsidiary reported a net income of $21 million in Q1 2025, an increase of 11% compared to $19 million in Q1 2024 [19] Catastrophe Losses and Underwriting Performance - Catastrophe losses accounted for 25 points of the combined ratio in Q1 2025, significantly higher than the 10-year average [7] - The underwriting profit for the property casualty segment was a loss of $298 million in Q1 2025, compared to a profit of $131 million in Q1 2024 [10] - The company recorded a 49% increase in loss and loss expenses in the property casualty segment, totaling $1.887 billion in Q1 2025 [10] New Business and Premium Growth - New business written premiums in the property casualty segment increased by 11% to $383 million in Q1 2025 [4][12] - The life insurance segment saw a 1% growth in earned premiums, totaling $80 million in Q1 2025 [19] - The company appointed 137 new agencies in the first three months of 2025, contributing to premium growth initiatives [12]