CINCINNATI FINANCIAL CORP
For the period ended Dec 31, 2023. Filed Feb 26, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 26, 2024
CINF$189.89+2.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Income
| (Dollars in millions, except per share data) | Years ended December 31, | ||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Revenues | |||
| Earned premiums | $7,958 | $7,225 | $6,478 |
| Investment income, net of expenses | 894 | 781 | 714 |
| Investment gains and losses, net | 1,127 | (1,467) | 2,409 |
| Fee revenues | 21 | 14 | 15 |
| Other revenues | 13 | 10 | 10 |
| Total revenues | 10,013 | 6,563 | 9,626 |
| Benefits and Expenses | |||
| Insurance losses and contract holders' benefits | 5,274 | 5,019 | 3,909 |
| Underwriting, acquisition and insurance expenses | 2,384 | 2,162 | 1,946 |
| Interest expense | 54 | 53 | 53 |
| Other operating expenses | 25 | 23 | 20 |
| Total benefits and expenses | 7,737 | 7,257 | 5,928 |
| Income (Loss) Before Income Taxes | 2,276 | (694) | 3,698 |
| Provision (Benefit) for Income Taxes | |||
| Current | 210 | 148 | 247 |
| Deferred | 223 | (355) | 483 |
| Total provision (benefit) for income taxes | 433 | (207) | 730 |
| Net Income (Loss) | $1,843 | $(487) | $2,968 |
| Per Common Share | |||
| Net income (loss)—basic | $11.74 | $(3.06) | $18.43 |
| Net income (loss)—diluted | 11.66 | (3.06) | 18.24 |
Cincinnati Financial Corporation - 2023 10-K - Page 124
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.