CINCINNATI FINANCIAL CORPCINF

Market cap

$25.9B

P/E ratio

	Dec 31, 2010	Dec 31, 2011	Dec 31, 2012	Dec 31, 2013	Dec 31, 2014	Dec 31, 2015	Dec 31, 2016	Dec 31, 2017	Dec 31, 2018	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024
Net Income (Loss)	377	166	421	517	525	634	591	1,045	287	1,997	1,216	2,946	-486	1,843	2,292
Depreciation, amortization and other	-	-	-	-	-	-	-	-	-	-	-	-	127	112	130
Investment gains and losses, net	-	-	-	-	-	-	-	-	-408	1,640	851	2,353	-1,493	1,108	1,367
Interest credited	-	-	-	-	-	-	-	-	-	-	-	-	-	45	44
Deferred income tax expense	30	-17	26	19	37	16	38	-444	-47	343	136	477	-355	223	117
Premiums and reinsurance receivable	-	-	-	-	-	-	-	-	-	-	23	240	340	264	266
Deferred policy acquisition costs	23	33	28	44	20	18	26	36	48	61	39	73	96	80	149
Other assets	-3	-2	4	32	-19	39	-34	43	1	22	26	11	-28	30	14
Loss and loss expense reserves	-	-	-	-	-	-	367	188	434	163	599	559	1,095	650	953
Life policy and investment contract reserves	113	76	72	84	119	101	102	96	96	107	116	99	77	99	69
Unearned premiums	44	80	159	184	106	119	106	97	112	184	172	311	418	430	694
Other liabilities	-	-	-	-	-	-	-	-	-	-	-5	128	88	90	134
Current income tax receivable/payable	73	25	-79	49	-2	18	35	-67	91	-92	-44	25	40	-42	-12
Net cash provided by operating activities	531	247	638	796	873	1,064	1,103	1,052	1,181	1,208	1,491	1,981	2,052	2,052	2,649
Sale, call or maturity of fixed maturities	199	71	144	40	26	43	15	23	36	102	179	118	1,113	1,136	3,202
Sale of equity securities	-	-	-	-	-	-	-	-	-	-	-	136	430	206	1,599
Purchase of fixed maturities	1,483	1,087	1,166	1,381	1,312	1,722	1,994	1,723	1,510	1,742	1,382	2,388	1,901	2,554	5,732
Purchase of equity securities	-	-	-	-	-	-	-	-	-	-	-	313	466	220	321
Change in Short Term Investments	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-295
Changes in finance receivables	-	-	-	-	-	-	-	-	-	-	-	-	-7	15	15
Investment in buildings and equipment	17	7	6	7	9	10	13	16	20	24	20	15	15	18	22
Change in other invested assets, net	-	-7	-5	-5	-9	-1	14	15	38	72	50	-64	101	143	112
Net cash used in investing activities	-529	-8	-304	-509	-311	-624	-456	-558	-451	-679	-560	-1,057	-933	-1,608	-1,696
Payment of cash dividends to shareholders	252	255	256	263	278	366	306	400	336	355	375	395	423	454	490
Shares acquired - share repurchase authorization	10	32	-	52	21	53	39	92	125	67	261	144	410	67	126
Changes in note payable	-	-	-	-	-55	-14	-15	4	8	7	15	-	-4	-25	-
Proceeds from stock options exercised	-	1	10	25	22	24	21	13	9	11	-	13	10	9	10
Contract holders' funds deposited	170	172	99	86	86	83	95	79	84	86	85	85	70	83	73
Contract holders' funds withdrawn	74	121	126	128	143	148	155	164	183	174	159	146	144	218	190
Other	-10	-11	-13	-14	-17	-17	-20	-54	-60	-54	-110	-98	-93	-129	-154
Net cash used in financing activities	-174	-186	-285	-341	-404	-487	-414	-614	-603	-546	-798	-685	-994	-801	-877
Net change in cash and cash equivalents	-	-	-	-	-	-	-	-	-	-	-	-	125	-357	76
Interest paid	53	53	54	53	53	52	52	52	53	53	53	52	53	54	53
Income taxes paid	167	51	38	222	154	245	213	60	98	34	84	257	165	136	395
Lease Obligation Incurred	-	28	23	28	12	20	20	14	21	14	19	12	17	20	19
Share-based compensation	-	-	-	-	-	-	-	-	-	-	19	26	27	19	51
Liabilities Assumed	-	-	-	-	-	27	53	75	48	29	57	87	115	77	103