CINCINNATI FINANCIAL CORP
For the period ended Dec 31, 2023. Filed Feb 26, 2024.
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FY2023 · Filed Feb 26, 2024
CINF$186.18+0.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| (Dollars in millions, except per share data) | December 31, | December 31, |
|---|---|---|
| 2023 | 2022 | |
| Assets | ||
| Investments | ||
| Fixed maturities, at fair value (amortized cost: 2023—$14,361; 2022—$12,979) | $13,791 | $12,132 |
| Equity securities, at fair value (cost: 2023—$4,282; 2022—$4,294) | 10,989 | 9,841 |
| Other invested assets | 577 | 452 |
| Total investments | 25,357 | 22,425 |
| Cash and cash equivalents | 907 | 1,264 |
| Investment income receivable | 192 | 160 |
| Finance receivable | 108 | 92 |
| Premiums receivable | 2,592 | 2,322 |
| Reinsurance recoverable | 651 | 665 |
| Prepaid reinsurance premiums | 55 | 51 |
| Deferred policy acquisition costs | 1,093 | 1,013 |
| Land, building and equipment, net, for company use (accumulated depreciation: 2023—$337; 2022—$322) | 208 | 202 |
| Other assets | 681 | 646 |
| Separate accounts | 925 | 892 |
| Total assets | $32,769 | $29,732 |
| Liabilities | ||
| Insurance reserves | ||
| Loss and loss expense reserves | $9,050 | $8,400 |
| Life policy and investment contract reserves | 3,068 | 3,015 |
| Unearned premiums | 4,119 | 3,689 |
| Other liabilities | 1,311 | 1,229 |
| Deferred income tax | 1,324 | 1,054 |
| Note payable | 25 | 50 |
| Long-term debt and lease obligations | 849 | 841 |
| Separate accounts | 925 | 892 |
| Total liabilities | 20,671 | 19,170 |
| Commitments and contingent liabilities (Note 16) | ||
| Shareholders' Equity | ||
| Common stock, par value—$2 per share; (authorized: 2023 and 2022—500 million shares; issued: 2023 and 2022—198.3 million shares) | 397 | 397 |
| Paid-in capital | 1,437 | 1,392 |
| Retained earnings | 13,084 | 11,711 |
| Accumulated other comprehensive income | (435) | (614) |
| Treasury stock, at cost (2023—41.3 million shares and 2022—41.2 million shares) | (2,385) | (2,324) |
| Total shareholders' equity | 12,098 | 10,562 |
| Total liabilities and shareholders' equity | $32,769 | $29,732 |
Cincinnati Financial Corporation - 2023 10-K - Page 123
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.