CINCINNATI FINANCIAL CORP
For the period ended Jun 30, 2024. Filed Jul 25, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Jul 25, 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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Condensed Consolidated Balance Sheets
| (Dollars in millions, except per share data) | June 30, | December 31, |
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Investments | ||
| Fixed maturities, at fair value (amortized cost: 2024—$15,109; 2023—$14,361) | $14,409 | $13,791 |
| Equity securities, at fair value (cost: 2024—$4,278; 2023—$4,282) | 11,634 | 10,989 |
| Other invested assets | 641 | 577 |
| Total investments | 26,684 | 25,357 |
| Cash and cash equivalents | 771 | 907 |
| Investment income receivable | 201 | 192 |
| Finance receivable | 111 | 108 |
| Premiums receivable | 3,091 | 2,592 |
| Reinsurance recoverable | 546 | 651 |
| Prepaid reinsurance premiums | 121 | 55 |
| Deferred policy acquisition costs | 1,229 | 1,093 |
| Land, building and equipment, net, for company use (accumulated depreciation: 2024—$337; 2023—$337) | 213 | 208 |
| Other assets | 887 | 681 |
| Separate accounts | 948 | 925 |
| Total assets | $34,802 | $32,769 |
| Liabilities | ||
| Insurance reserves | ||
| Loss and loss expense reserves | $9,555 | $9,050 |
| Life policy and investment contract reserves | 2,966 | 3,068 |
| Unearned premiums | 4,826 | 4,119 |
| Other liabilities | 1,391 | 1,311 |
| Deferred income tax | 1,465 | 1,324 |
| Note payable | 25 | 25 |
| Long-term debt and lease obligations | 849 | 849 |
| Separate accounts | 948 | 925 |
| Total liabilities | 22,025 | 20,671 |
| Commitments and contingent liabilities (Note 12) | ||
| Shareholders' Equity | ||
| Common stock, par value—$2 per share; (authorized: 2024 and 2023—500 million shares; issued: 2024 and 2023—198.3 million shares) | 397 | 397 |
| Paid-in capital | 1,466 | 1,437 |
| Retained earnings | 13,897 | 13,084 |
| Accumulated other comprehensive loss | (470) | (435) |
| Treasury stock at cost (2024—42.1 million shares and 2023—41.3 million shares) | (2,513) | (2,385) |
| Total shareholders' equity | 12,777 | 12,098 |
| Total liabilities and shareholders' equity | $34,802 | $32,769 |
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