|                    |
|--------------------|
|                    |  |  |
| Investor Contact:  | Media Contact: | Shareholder Contact: |
| Dennis E. McDaniel | Betsy E. Ertel | Molly A. Grimm |
| 513-870-2768       | 513-603-5323 | 513-870-2697 |

|                                                                                                                                            |
|--------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                            |  |  |  |  |
|                                                                                                                                       | A.M. Best | Fitch | Moody's | Standard & Poor's |
| Cincinnati Financial Corporation                                                                                                           |   |   |   |   |
| Corporate Debt                                                                                                                             | a- | A- | A3 | BBB |
|                                                                                                                                       |   |   |   |   |
| The Cincinnati Insurance Companies                                                                                                         |   |   |   |   |
| Insurer Financial Strength                                                                                                                 |   |   |   |   |
|                                                                                                                                       |   |   |   |   |
| Property Casualty Group                                                                                                                    |   |   |   |   |
|       Standard Market Subsidiaries:                                                                          | A+ | — | A1 | A |
|              The Cincinnati Insurance Company                             | A+ | A+ | A1 | A |
|              The Cincinnati Indemnity Company                             | A+ | A+ | A1 | A |
|              The Cincinnati Casualty Company                              | A+ | A+ | A1 | A |
|       Surplus Lines Subsidiary:                                                                              |   |   |   |   |
|              The Cincinnati Specialty Underwriters Insurance Company | A | — | — | — |
|                                                                                                                                       |   |   |   |   |
| The Cincinnati Life Insurance Company                                                                                                      | A | A+ | — | A |

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|                                                     |
|-----------------------------------------------------|
|                                                     |  |  |
|                                                | Cincinnati Financial Corporation |
|                                                | Supplemental Financial Data |
|                                                | Fourth Quarter 2014 |
|                                                |   |   |
|                                                |   | Page |
|                                                | Definitions of Non-GAAP Information and Reconciliation to Comparable GAAP Measures | 3 |
|                                                |   |   |
| Consolidated                                        |   |
|                                                | Quick Reference | 4 |
|                                                | CFC and Subsidiaries Consolidation – Twelve Months Ended December 31, 2014 | 5 |
|                                                | CFC and Subsidiaries Consolidation – Three Months Ended December 31, 2014 | 6 |
|                                                | 5-Year Net Income Reconciliation | 7 |
|                                                | CFC Insurance Subsidiaries – Selected Balance Sheet Data | 8 |
|                                                |   |   |
| Consolidated Property Casualty Insurance Operations |   |
|                                                | Statutory Statements of Income | 9 |
|                                                | Consolidated Cincinnati Insurance Companies – Losses Incurred Detail | 10 |
|                                                | Consolidated Cincinnati Insurance Companies – Loss Ratio Detail | 11 |
|                                                | Consolidated Cincinnati Insurance Companies – Loss Claim Count Detail | 12 |
|                                                | Direct Written Premiums by Line of Business and State | 13 |
|                                                | Quarterly Property Casualty Data – Commercial Lines | 14 |
|                                                | Quarterly Property Casualty Data – Personal Lines and Excess & Surplus Lines | 15 |
|                                                | Loss and Loss Expense Analysis – Twelve Months Ended December 31, 2014 | 16 |
|                                                | Loss and Loss Expense Analysis – Three Months Ended December 31, 2014 | 17 |
|                                                |   |   |
| Reconciliation Data                                 |   |
|                                                | 5-Year Property Casualty Data – Consolidated | 18 |
|                                                | 5-Year Property Casualty Data – Commercial Lines | 19 |
|                                                | 5-Year Property Casualty Data – Personal Lines | 20 |
|                                                | 5-Year Property Casualty Data – Excess & Surplus Lines | 21 |
|                                                | Quarterly Property Casualty Data – Consolidated | 22 |
|                                                | Quarterly Property Casualty Data – Commercial Lines | 23 |
|                                                | Quarterly Property Casualty Data – Personal Lines | 24 |
|                                                | Quarterly Property Casualty Data – Excess & Surplus Lines | 25 |
|                                                |   |   |
| Life Insurance Operations                           |   |
|                                                | Statutory Statements of Income | 26 |

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|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Operating income: Operating income is calculated by excluding net realized investment gains and losses (defined as realized investment gains and losses after applicable federal and state income taxes) from net income. Management evaluates operating income to measure the success of pricing, rate and underwriting strategies. While realized investment gains (or losses) are integral to the company's insurance operations over the long term, the determination to realize investment gains or losses in any period may be subject to management's discretion and is independent of the insurance underwriting process. Also, under applicable GAAP accounting requirements, gains and losses can be recognized from certain changes in market values of securities without actual realization. Management believes that the level of realized investment gains or losses for any particular period, while it may be material, may not fully indicate the performance of ongoing underlying business operations in that period. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Value creation ratio: This is a measure of shareholder value creation that management believes captures the contribution of the company's insurance operations, the success of its investment strategy and the importance placed on paying cash dividends to shareholders. The value creation ratio measure is made up of two primary components: (1) rate of growth in book value per share plus (2) the ratio of dividends declared per share to beginning book value per share. Management believes this non-GAAP measure is a useful supplement to GAAP information, providing a meaningful measure of long-term progress in creating shareholder value. It is intended to be all-inclusive regarding changes in book value per share, and uses originally reported book value per share in cases where book value per share has been adjusted, such as adoption of Accounting Standards Updates with a cumulative effect of a change in accounting. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Statutory accounting rules: For public reporting, insurance companies prepare financial statements in accordance with GAAP. However, insurers also must calculate certain data according to statutory accounting rules as defined in the NAIC's Accounting Practices and Procedures Manual, which may be, and has been, modified by various state insurance departments. Statutory data is publicly available, and various organizations use it to calculate aggregate industry data, study industry trends and compare insurance companies. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Written premium: Under statutory accounting rules, property casualty written premium is the amount recorded for policies issued and recognized on an annualized basis at the effective date of the policy. Management analyzes trends in written premium to assess business efforts. Earned premium, used in both statutory and GAAP accounting, is calculated ratably over the policy term. The difference between written and earned premium is unearned premium. |

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|                                                                              |
|------------------------------------------------------------------------------|
|                                                                              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Cincinnati Financial Corporation                                             |
| Quick Reference                                                              |   | — | Fourth Quarter 2014 |
| (all data shown is for the three months ended or at December 31, 2014)       |
|                                                                         |   |   |   |   |   |   |   |   |
|                                                                         | 12/31/2014 |   | Year over year  change % |   |   | 12/31/2014 |   | Year over year change % |
| Revenues:                                                                    |   |   |   |   | Benefits and expenses: |   |   |   |
|                                                                         |   |   |   |   |   |   |   |   |
| Commercial lines net written premiums                                        | $ | 699 |  |   | 10 |  |   | Commercial lines loss and loss expenses | $ | 454 |  |   | 10 |  |
| Personal lines net written premiums                                          | 249 |  |   | 4 |  |   | Personal lines loss and loss expenses | 148 |  |   | (16 | ) |
| Excess & surplus lines net written premiums                              | 39 |  |   | 15 |  |   | Excess & surplus lines loss and loss expenses | 20 |  |   | 54 |  |
|    Property casualty net written premiums                     | $ | 987 |  |   | 9 |  |   | Life and health contract holders' benefits incurred | 53 |  |   | (16 | ) |
| Life and accident and health net written premiums                            | $ | 55 |  |   | 5 |  |   | Underwriting, acquisition and insurance expenses | 334 |  |   | 3 |  |
| Annuity net written premiums                                                 | 9 |  |   | (3 | ) |   | Interest expense | 13 |  |   | (7 | ) |
|    Life, annuity and accident and health net written premiums | $ | 64 |  |   | 4 |  |   | Other operating expenses | 4 |  |   | 33 |  |
| Commercial lines net earned premiums                                         | 730 |  |   | 7 |  |   | Total benefits and expenses | $ | 1,026 |  |   | 2 |  |
| Personal lines net earned premiums                                           | $ | 266 |  |   | 7 |  |   | Income before income taxes | 236 |  |   | 41 |  |
| Excess & surplus lines net earned premiums                               | 39 |  |   | 26 |  |   | Total income tax | 69 |  |   | 53 |  |
|    Property casualty net earned premiums                      | $ | 1,035 |  |   | 8 |  |   |   |   |   |   |
| Life and accident and health net earned premiums                             | 51 |  |   | (22 | ) |   | Balance Sheet: |   |   |   |
| Investment income                                                            | 140 |  |   | 2 |  |   |   |   |   |   |
| Realized investment gains, net                                               | 32 |  |   | 433 |  |   | Fixed maturity securities | $ | 9,460 |  |   |   |
| Fee revenue                                                                  | 3 |  |   | 50 |  |   | Equity securities | 4,858 |  |   |   |
| Other revenue                                                                | 1 |  |   | (50 | ) |   | Other invested assets | 68 |  |   |   |
| Total revenues                                                               | 1,262 |  |   | 8 |  |   |   Total investments | $ | 14,386 |  |   |   |
|                                                                         |   |   |   |   |   |   |   |   |
|                                                                         |   |   |   |   | Loss and loss expense reserves | $ | 4,485 |  |   |   |
|                                                                         |   |   |   |   | Life policy and investment contract reserves | 2,497 |  |   |   |
| Income:                                                                      |   |   |   |   | Long-term debt and capital lease obligations | 827 |  |   |   |
|                                                                         |   |   |   |   | Shareholders' equity | 6,573 |  |   |   |
| Operating income                                                             | $ | 148 |  |   | 24 |  |   |   |   |   |   |
| Realized investment gains, net                                               | 19 |  |   | 533 |  |   | Key ratios: |   |   |   |
| Net income                                                                   | 167 |  |   | 37 |  |   |   |   |   |   |
|                                                                         |   |   |   |   | Commercial lines GAAP combined ratio | 93.6 | % |   |   |
|                                                                         |   |   |   |   | Personal lines GAAP combined ratio | 83.7 |  |   |   |
|                                                                         |   |   |   |   | Excess & surplus lines GAAP combined ratio | 77.8 |  |   |   |
|                                                                         |   |   |   |   | Property casualty GAAP combined ratio | 90.4 |  |   |   |
| Per share (diluted):                                                         |   |   |   |   |   |   |   |   |
|                                                                         |   |   |   |   | Commercial lines STAT combined ratio | 94.8 | % |   |   |
| Operating income                                                             | $ | 0.89 |  |   | 24 |  |   | Personal lines STAT combined ratio | 85.1 |  |   |   |
| Realized investment gains, net                                               | 0.13 |  |   | 550 |  |   | Excess & surplus lines STAT combined ratio | 80.4 |  |   |   |
| Net income                                                                   | 1.02 |  |   | 38 |  |   | Property casualty STAT combined ratio | 91.8 |  |   |   |
| Book value                                                                   | 40.14 |  |   | 8 |  |   |   |   |   |   |
| Weighted average shares outstanding                                          | 165.3 |  |   | 0 |  |   | Value creation ratio | 4.0 | % |   |   |

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|                                                                                             |
|---------------------------------------------------------------------------------------------|
|                                                                                             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Cincinnati Financial Corporation and Subsidiaries                                           |
| Consolidated Statements of Income for the Twelve Months Ended December 31, 2014             |
|                                                                                        |   |   |   |   |   |   |
| (In millions)                                                                               | CFC | CONSOL P&C | CLIC | CFC-I | ELIM | Total |
| Revenues                                                                                    |   |   |   |   |   |   |
|   Premiums earned:                                                                |   |   |   |   |   |   |
|     Property casualty                                                   | $ | — |  | $ | 4,221 |  | $ | — |  | $ | — |  | $ | — |  | $ | 4,221 |  |
|     Life                                                                | — |  | — |  | 252 |  | — |  | — |  | 252 |  |
|     Accident health                                                     | — |  | — |  | 7 |  | — |  | — |  | 7 |  |
|     Premiums ceded                                                      | — |  | (176 | ) | (61 | ) | — |  | — |  | (237 | ) |
|       Total earned premium                                    | — |  | 4,045 |  | 198 |  | — |  | — |  | 4,243 |  |
|   Investment income                                                               | 46 |  | 359 |  | 144 |  | — |  | — |  | 549 |  |
|   Realized investment gains, net                                                  | 34 |  | 93 |  | 5 |  | — |  | 1 |  | 133 |  |
|   Fee revenue                                                                     | — |  | 6 |  | 6 |  |  |  | — |  | 12 |  |
|   Other revenue                                                                   | 16 |  | 2 |  | — |  | 6 |  | (16 | ) | 8 |  |
| Total revenues                                                                              | $ | 96 |  | $ | 4,505 |  | $ | 353 |  | $ | 6 |  | $ | (15 | ) | $ | 4,945 |  |
|                                                                                        |   |   |   |   |   |   |
| Benefits & expenses                                                                     |   |   |   |   |   |   |
|   Losses & policy benefits                                                    | $ | — |  | $ | 2,668 |  | $ | 299 |  | $ | — |  | $ | (1 | ) | $ | 2,966 |  |
|   Reinsurance recoveries                                                          | — |  | (41 | ) | (70 | ) | — |  | 1 |  | (110 | ) |
|   Underwriting, acquisition and insurance expenses                                | — |  | 1,238 |  | 63 |  | — |  | — |  | 1,301 |  |
|   Interest expense                                                                | 52 |  | — |  | — |  | 1 |  | — |  | 53 |  |
|   Other operating expense                                                         | 28 |  | — |  | — |  | 2 |  | (16 | ) | 14 |  |
| Total expenses                                                                              | $ | 80 |  | $ | 3,865 |  | $ | 292 |  | $ | 3 |  | $ | (16 | ) | $ | 4,224 |  |
|                                                                                        |   |   |   |   |   |   |
| Income (loss) before income taxes                                                           | $ | 16 |  | $ | 640 |  | $ | 61 |  | $ | 3 |  | $ | 1 |  | $ | 721 |  |
|                                                                                        |   |   |   |   |   |   |
| Provision (benefit) for income taxes                                                        |   |   |   |   |   |   |
|   Current operating income                                                        | $ | (11 | ) | $ | 127 |  | $ | (6 | ) | $ | 1 |  | $ | — |  | $ | 111 |  |
|   Capital gains/losses                                                            | 12 |  | 35 |  | 1 |  | — |  | — |  | 48 |  |
|   Deferred                                                                        | (6 | ) | 17 |  | 26 |  | — |  | — |  | 37 |  |
| Total provision (benefit) for income taxes                                                  | $ | (5 | ) | $ | 179 |  | $ | 21 |  | $ | 1 |  | $ | — |  | $ | 196 |  |
|                                                                                        |   |   |   |   |   |   |
| Operating income (loss)                                                                     | $ | (1 | ) | $ | 403 |  | $ | 36 |  | $ | 2 |  | $ | — |  | $ | 440 |  |
|                                                                                        |   |   |   |   |   |   |
| Net income - current year                                                                   | $ | 21 |  | $ | 461 |  | $ | 40 |  | $ | 2 |  | $ | 1 |  | $ | 525 |  |
|                                                                                        |   |   |   |   |   |   |
| Net income - prior year                                                                     | $ | 6 |  | $ | 459 |  | $ | 48 |  | $ | 4 |  | $ | — |  | $ | 517 |  |
| *Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. |   |   |   |

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|                                                                                                   |
|---------------------------------------------------------------------------------------------------|
|                                                                                                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Cincinnati Financial Corporation and Subsidiaries                                                 |
| Consolidated Statements of Income for the Three Months Ended December 31, 2014                    |
|                                                                                              |   |   |   |   |   |   |
| (In millions)                                                                                     | CFC | CONSOL P&C | CLIC | CFC-I | ELIM | Total |
| Revenues                                                                                          |   |   |   |   |   |   |
|   Premiums earned:                                                                      |   |   |   |   |   |   |
|     Property casualty                                                         | $ | — |  | $ | 1,079 |  | $ | — |  | $ | — |  | $ | 1 |  | $ | 1,080 |  |
|     Life                                                                      | — |  | — |  | 66 |  | — |  | — |  | 66 |  |
|     Accident health                                                           | — |  | — |  | 2 |  | — |  | — |  | 2 |  |
|     Premiums ceded                                                            | — |  | (44 | ) | (18 | ) | — |  | — |  | (62 | ) |
|       Total earned premium                                          | — |  | 1,035 |  | 51 |  | — |  | — |  | 1,086 |  |
|   Investment income                                                                     | 13 |  | 91 |  | 36 |  | — |  | — |  | 140 |  |
|   Realized investment gains, net                                                        | 8 |  | 24 |  | (1 | ) | — |  | 1 |  | 32 |  |
|   Fee revenue                                                                           | — |  | 1 |  | 2 |  | — |  | — |  | 3 |  |
|   Other revenue                                                                         | 4 |  | 1 |  | — |  | 1 |  | (5 | ) | 1 |  |
| Total revenues                                                                                    | $ | 25 |  | $ | 1,152 |  | $ | 88 |  | $ | 1 |  | $ | (4 | ) | $ | 1,262 |  |
|                                                                                              |   |   |   |   |   |   |
| Benefits & expenses                                                                           |   |   |   |   |   |   |
|   Losses & policy benefits                                                          | $ | — |  | $ | 636 |  | $ | 71 |  | $ | — |  | $ | — |  | $ | 707 |  |
|   Reinsurance recoveries                                                                | — |  | (14 | ) | (18 | ) | — |  | — |  | (32 | ) |
|   Underwriting, acquisition and insurance expenses                                      | — |  | 314 |  | 20 |  | — |  | — |  | 334 |  |
|   Interest expense                                                                      | 13 |  | — |  | — |  | — |  | — |  | 13 |  |
|   Other operating expenses                                                              | 7 |  | — |  | — |  | 1 |  | (4 | ) | 4 |  |
| Total expenses                                                                                    | $ | 20 |  | $ | 936 |  | $ | 73 |  | $ | 1 |  | $ | (4 | ) | $ | 1,026 |  |
|                                                                                              |   |   |   |   |   |   |
| Income before income taxes                                                                        | $ | 5 |  | $ | 216 |  | $ | 14 |  | $ | — |  | $ | 1 |  | $ | 236 |  |
|                                                                                              |   |   |   |   |   |   |
| Provision (benefit) for income taxes                                                              |   |   |   |   |   |   |
|   Current operating income                                                              | $ | (2 | ) | $ | 41 |  | $ | 1 |  | $ | — |  | $ | — |  | $ | 40 |  |
|   Capital gains/losses                                                                  | 3 |  | 11 |  | (1 | ) | — |  | — |  | 13 |  |
|   Deferred                                                                              | (2 | ) | 14 |  | 4 |  | — |  | — |  | 16 |  |
| Total provision (benefit) for income taxes                                                        | $ | (1 | ) | $ | 66 |  | $ | 4 |  | $ | — |  | $ | — |  | $ | 69 |  |
|                                                                                              |   |   |   |   |   |   |
| Operating income                                                                                  | $ | 1 |  | $ | 138 |  | $ | 10 |  | $ | — |  | $ | — |  | $ | 148 |  |
|                                                                                              |   |   |   |   |   |   |
| Net income - current year                                                                         | $ | 6 |  | $ | 150 |  | $ | 10 |  | $ | — |  | $ | 1 |  | $ | 167 |  |
|                                                                                              |   |   |   |   |   |   |
| Net income (loss) - prior year                                                                    | $ | 1 |  | $ | 110 |  | $ | 10 |  | $ | 2 |  | $ | (1 | ) | $ | 122 |  |
|  *Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. |   |   |   |

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|                                                                                                                                                  |
|--------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Cincinnati Financial Corporation                                                                                                                 |
| 5-Year Net Income Reconciliation                                                                                                                 |
| (Dollars in millions except per share data)                                                                                                      | Years ended December 31, |
|                                                                                                                                             | 2014 | 2013 | 2012 | 2011 | 2010 |
|    Net income                                                                                                                     | $ | 525 |  | $ | 517 |  | $ | 421 |  | $ | 164 |  | $ | 375 |  |
|    Net realized investment gains and losses                                                                                       | 85 |  | 54 |  | 28 |  | 45 |  | 103 |  |
|    Operating income                                                                                                               | 440 |  | 463 |  | 393 |  | 119 |  | 272 |  |
|    Less catastrophe losses                                                                                                        | (133 | ) | (112 | ) | (217 | ) | (261 | ) | (96 | ) |
|    Operating income before catastrophe losses                                                                                     | $ | 573 |  | $ | 575 |  | $ | 610 |  | $ | 380 |  | $ | 368 |  |
|                                                                                                                                             |   |   |   |   |   |
| Diluted per share data                                                                                                                           |   |   |   |   |   |
|    Net income                                                                                                                     | $ | 3.18 |  | $ | 3.12 |  | $ | 2.57 |  | $ | 1.01 |  | $ | 2.30 |  |
|    Net realized investment gains and losses                                                                                       | 0.52 |  | 0.32 |  | 0.17 |  | 0.28 |  | 0.63 |  |
|    Operating income                                                                                                               | 2.66 |  | 2.80 |  | 2.40 |  | 0.73 |  | 1.67 |  |
|    Less catastrophe losses                                                                                                        | (0.81 | ) | (0.67 | ) | (1.33 | ) | (1.6 | ) | (0.59 | ) |
|    Operating income before catastrophe losses                                                                                     | $ | 3.47 |  | $ | 3.47 |  | $ | 3.73 |  | $ | 2.33 |  | $ | 2.26 |  |
|                                                                                                                                             |   |   |   |   |   |
| Value creation ratio                                                                                                                             |   |   |   |   |   |
|    Book value per share growth                                                                                                    | 7.9 | % | 11.1 | % | 7.4 | % | 0.8 | % | 5.7 | % |
|    Shareholder dividend declared as a percentage of beginning book value                                                          | 4.7 |  | 5.0 |  | 5.2 |  | 5.2 |  | 5.4 |  |
|    Value creation ratio                                                                                                           | 12.6 | % | 16.1 | % | 12.6 | % | 6.0 | % | 11.1 | % |
|                                                                                                                                             |   |   |   |   |   |
| Investment income                                                                                                                                |   |   |   |   |   |
|    Investment income, net of expenses                                                                                             | $ | 549 |  | $ | 529 |  | $ | 531 |  | $ | 525 |  | $ | 518 |  |
| *Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts. |

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|                                                                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Cincinnati Financial Corporation Insurance Subsidiaries         |
| Selected Balance Sheet Data                                     |
|                                                            |   |   |   |   |   |   |   |   |
| (In millions)                                                   |   |
|                                                            | 12/31/2014 | 9/30/2014 | 6/30/2014 | 3/31/2014 | 12/31/2013 | 9/30/2013 | 6/30/2013 | 3/31/2013 |
| Cincinnati Insurance Consolidated                               |   |   |   |   |   |   |   |   |
|    Fixed maturities (fair value)                 | $ | 6,260 |  | $ | 6,344 |  | $ | 6,215 |  | $ | 6,111 |  | $ | 6,094 |  | $ | 6,039 |  | $ | 5,994 |  | $ | 6,083 |  |
|    Equities (fair value)                         | 3,195 |  | 3,121 |  | 3,094 |  | 3,022 |  | 2,990 |  | 2,710 |  | 2,658 |  | 2,645 |  |
|    Fixed maturities - pretax net unrealized gain | 366 |  | 379 |  | 414 |  | 361 |  | 312 |  | 344 |  | 359 |  | 532 |  |
|    Equities - pretax net unrealized gain         | 1,478 |  | 1,387 |  | 1,434 |  | 1,349 |  | 1,318 |  | 1,086 |  | 1,040 |  | 1,019 |  |
|    Loss and loss expense reserves - STAT         | 4,158 |  | 4,112 |  | 4,129 |  | 4,037 |  | 3,945 |  | 3,919 |  | 3,888 |  | 3,826 |  |
|    Equity - GAAP                                 | 5,594 |  | 5,480 |  | 5,481 |  | 5,384 |  | 5,324 |  | 5,188 |  | 5,143 |  | 5,288 |  |
|    Surplus - STAT                                | 4,472 |  | 4,364 |  | 4,332 |  | 4,308 |  | 4,325 |  | 4,173 |  | 4,142 |  | 4,131 |  |
|                                                            |   |   |   |   |   |   |   |   |
| The Cincinnati Life Insurance Company                           |   |   |   |   |   |   |   |   |
|    Fixed maturities (fair value)                 | $ | 3,126 |  | $ | 3,102 |  | $ | 3,091 |  | $ | 2,989 |  | $ | 2,946 |  | $ | 2,906 |  | $ | 2,900 |  | $ | 2,979 |  |
|    Equities (fair value)                         | 9 |  | 8 |  | 8 |  | 14 |  | 13 |  | 13 |  | 13 |  | 18 |  |
|    Fixed maturities - pretax net unrealized gain | 197 |  | 195 |  | 225 |  | 186 |  | 148 |  | 169 |  | 181 |  | 285 |  |
|    Equities - pretax net unrealized gain         | 3 |  | 3 |  | 3 |  | 6 |  | 6 |  | 6 |  | 6 |  | 8 |  |
|    Equity - GAAP                                 | 904 |  | 893 |  | 901 |  | 867 |  | 833 |  | 835 |  | 828 |  | 869 |  |
|    Surplus - STAT                                | 223 |  | 228 |  | 224 |  | 232 |  | 247 |  | 256 |  | 272 |  | 268 |  |

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| Consolidated Cincinnati Insurance Companies                                                                                                                                                                                                                                                                            |
| Statutory Statements of Income                                                                                                                                                                                                                                                                                         |
|                                                                                                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                   | For the Three Months Ended December 31, | For the Twelve Months Ended December 31, |
| (Dollars in millions)                                                                                                                                                                                                                                                                                                  | 2014 | 2013 | Change | % Change | 2014 | 2013 | Change | % Change |
| Underwriting income                                                                                                                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| Net premiums written                                                                                                                                                                                                                                                                                                   | $ | 987 |  | $ | 908 |  | $ | 79 |  | 9 |  | $ | 4,143 |  | $ | 3,893 |  | $ | 250 |  | 6 |  |
| Unearned premiums increase                                                                                                                                                                                                                                                                                             | (48 | ) | (52 | ) | 4 |  | (8 | ) | 98 |  | 180 |  | (82 | ) | (46 | ) |
| Earned premiums                                                                                                                                                                                                                                                                                                        | $ | 1,035 |  | $ | 960 |  | $ | 75 |  | 8 |  | $ | 4,045 |  | $ | 3,713 |  | $ | 332 |  | 9 |  |
|                                                                                                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |
| Losses incurred                                                                                                                                                                                                                                                                                                        | $ | 508 |  | $ | 495 |  | $ | 13 |  | 3 |  | $ | 2,199 |  | $ | 1,935 |  | $ | 264 |  | 14 |  |
| Allocated loss expenses incurred                                                                                                                                                                                                                                                                                       | 58 |  | 45 |  | 13 |  | 29 |  | 200 |  | 131 |  | 69 |  | 53 |  |
| Unallocated loss expenses incurred                                                                                                                                                                                                                                                                                     | 56 |  | 61 |  | (5 | ) | (8 | ) | 228 |  | 235 |  | (7 | ) | (3 | ) |
| Other underwriting expenses incurred                                                                                                                                                                                                                                                                                   | 308 |  | 295 |  | 13 |  | 4 |  | 1,232 |  | 1,185 |  | 47 |  | 4 |  |
| Workers compensation dividend incurred                                                                                                                                                                                                                                                                                 | 4 |  | 5 |  | (1 | ) | (20 | ) | 16 |  | 16 |  | — |  | — |  |
| Total underwriting deductions                                                                                                                                                                                                                                                                                          | $ | 934 |  | $ | 901 |  | $ | 33 |  | 4 |  | $ | 3,875 |  | $ | 3,502 |  | $ | 373 |  | 11 |  |
|                                                                                                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |
| Net underwriting profit                                                                                                                                                                                                                                                                                                | $ | 101 |  | $ | 59 |  | $ | 42 |  | 71 |  | $ | 170 |  | $ | 211 |  | $ | (41 | ) | (19 | ) |
|                                                                                                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |
| Investment income                                                                                                                                                                                                                                                                                                      |   |   |   |   |   |   |   |   |
| Gross investment income earned                                                                                                                                                                                                                                                                                         | $ | 93 |  | $ | 92 |  | $ | 1 |  | 1 |  | $ | 369 |  | $ | 360 |  | $ | 9 |  | 3 |  |
| Net investment income earned                                                                                                                                                                                                                                                                                           | 92 |  | 90 |  | 2 |  | 2 |  | 364 |  | 354 |  | 10 |  | 3 |  |
| Net realized capital gains                                                                                                                                                                                                                                                                                             | 11 |  | 1 |  | 10 |  | nm |  | 68 |  | 40 |  | 28 |  | 70 |  |
| Net investment gains (net of tax)                                                                                                                                                                                                                                                                                      | $ | 103 |  | $ | 91 |  | $ | 12 |  | 13 |  | $ | 432 |  | $ | 394 |  | $ | 38 |  | 10 |  |
|                                                                                                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |
| Other income                                                                                                                                                                                                                                                                                                           | $ | 1 |  | $ | 2 |  | $ | (1 | ) | (50 | ) | $ | 6 |  | $ | 5 |  | $ | 1 |  | 20 |  |
|                                                                                                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |
| Net income before federal income taxes                                                                                                                                                                                                                                                                                 | $ | 205 |  | $ | 152 |  | $ | 53 |  | 35 |  | $ | 608 |  | $ | 610 |  | $ | (2 | ) | — |  |
| Federal and foreign income taxes incurred                                                                                                                                                                                                                                                                              | 36 |  | 37 |  | (1 | ) | (3 | ) | 125 |  | 162 |  | (37 | ) | (23 | ) |
| Net income (statutory)                                                                                                                                                                                                                                                                                                 | $ | 169 |  | $ | 115 |  | $ | 54 |  | 47 |  | $ | 483 |  | $ | 448 |  | $ | 35 |  | 8 |  |
| *Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. *nm - Not meaningful*Statutory data prepared in accordance with statutory accounting rules as defined by the National Association of Insurance Commissioners and filed with the   appropriate regulatory bodies. |

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| Consolidated Cincinnati Insurance Companies                                                                                                                                             |
| Losses Incurred Detail                                                                                                                                                                  |
| (In millions)                                                                                                                                                                           | Three months ended | Six months ended | Nine months ended | Twelve months ended |
|                                                                                                                                                                                    | 12/31/14 | 9/30/14 | 6/30/14 | 3/31/14 | 12/31/13 | 9/30/13 | 6/30/13 | 3/31/13 | 6/30/14 | 6/30/13 | 9/30/14 | 9/30/13 | 12/31/14 | 12/31/13 |
| Consolidated                                                                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Current accident year losses greater than $5,000,000                                                                                                                                    | $ | 12 |  | $ | 7 |  | $ | 11 |  | $ | — |  | $ | 7 |  | $ | 5 |  | $ | 11 |  | $ | — |  | $ | 12 |  | $ | 11 |  | $ | 19 |  | $ | 16 |  | $ | 30 |  | $ | 23 |  |
| Current accident year losses $1,000,000-$5,000,000                                                                                                                                      | 46 |  | 51 |  | 52 |  | 23 |  | 58 |  | 48 |  | 31 |  | 31 |  | 74 |  | 62 |  | 125 |  | 110 |  | 172 |  | 167 |  |
| Large loss prior accident year reserve development                                                                                                                                      | (14 | ) | (6 | ) | 17 |  | 10 |  | (8 | ) | 3 |  | 24 |  | 23 |  | 27 |  | 47 |  | 21 |  | 52 |  | 7 |  | 44 |  |
|    Total large losses incurred                                                                                                                                           | $ | 44 |  | $ | 52 |  | $ | 80 |  | $ | 33 |  | $ | 57 |  | $ | 56 |  | $ | 66 |  | $ | 54 |  | $ | 113 |  | $ | 120 |  | $ | 165 |  | $ | 178 |  | $ | 209 |  | $ | 234 |  |
| Losses incurred but not reported                                                                                                                                                        | 112 |  | 17 |  | (17 | ) | 21 |  | 50 |  | 22 |  | 23 |  | 27 |  | 5 |  | 50 |  | 22 |  | 72 |  | 133 |  | 123 |  |
| Other losses excluding catastrophe losses                                                                                                                                               | 365 |  | 432 |  | 436 |  | 427 |  | 358 |  | 361 |  | 349 |  | 344 |  | 863 |  | 694 |  | 1,295 |  | 1,054 |  | 1,660 |  | 1,412 |  |
| Catastrophe losses                                                                                                                                                                      | (13 | ) | 11 |  | 112 |  | 86 |  | 29 |  | 54 |  | 75 |  | 10 |  | 197 |  | 84 |  | 208 |  | 137 |  | 197 |  | 166 |  |
|    Total losses incurred                                                                                                                                                 | $ | 508 |  | $ | 512 |  | $ | 611 |  | $ | 567 |  | $ | 494 |  | $ | 493 |  | $ | 513 |  | $ | 435 |  | $ | 1,178 |  | $ | 948 |  | $ | 1,690 |  | $ | 1,441 |  | $ | 2,199 |  | $ | 1,935 |  |
| Commercial Lines                                                                                                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Current accident year losses greater than $5,000,000                                                                                                                                    | $ | 12 |  | $ | 7 |  | $ | 11 |  | $ | — |  | $ | 7 |  | $ | 5 |  | $ | 11 |  | $ | — |  | $ | 12 |  | $ | 11 |  | $ | 19 |  | $ | 16 |  | $ | 30 |  | $ | 23 |  |
| Current accident year losses $1,000,000-$5,000,000                                                                                                                                      | 39 |  | 45 |  | 47 |  | 18 |  | 43 |  | 35 |  | 28 |  | 27 |  | 64 |  | 55 |  | 109 |  | 89 |  | 149 |  | 132 |  |
| Large loss prior accident year reserve development                                                                                                                                      | (11 | ) | (7 | ) | 15 |  | 10 |  | (5 | ) | 4 |  | 14 |  | 23 |  | 25 |  | 37 |  | 18 |  | 41 |  | 7 |  | 36 |  |
|    Total large losses incurred                                                                                                                                           | $ | 40 |  | $ | 45 |  | $ | 73 |  | $ | 28 |  | $ | 45 |  | $ | 44 |  | $ | 53 |  | $ | 50 |  | $ | 101 |  | $ | 103 |  | $ | 146 |  | $ | 146 |  | $ | 186 |  | $ | 191 |  |
| Losses incurred but not reported                                                                                                                                                        | 95 |  | 8 |  | (35 | ) | 22 |  | 35 |  | 41 |  | 28 |  | 22 |  | (12 | ) | 50 |  | (4 | ) | 91 |  | 90 |  | 125 |  |
| Other losses excluding catastrophe losses                                                                                                                                               | 240 |  | 282 |  | 292 |  | 282 |  | 241 |  | 227 |  | 228 |  | 225 |  | 574 |  | 454 |  | 856 |  | 682 |  | 1,096 |  | 923 |  |
| Catastrophe losses                                                                                                                                                                      | (10 | ) | 7 |  | 59 |  | 58 |  | 10 |  | 36 |  | 45 |  | 2 |  | 116 |  | 46 |  | 123 |  | 82 |  | 114 |  | 93 |  |
|    Total losses incurred                                                                                                                                                 | $ | 365 |  | $ | 342 |  | $ | 389 |  | $ | 390 |  | $ | 331 |  | $ | 348 |  | $ | 354 |  | $ | 299 |  | $ | 779 |  | $ | 653 |  | $ | 1,121 |  | $ | 1,001 |  | $ | 1,486 |  | $ | 1,332 |  |
| Personal Lines                                                                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Current accident year losses greater than $5,000,000                                                                                                                                    | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  |
| Current accident year losses $1,000,000-$5,000,000                                                                                                                                      | 6 |  | 6 |  | 4 |  | 4 |  | 14 |  | 12 |  | 3 |  | 3 |  | 8 |  | 6 |  | 14 |  | 19 |  | 20 |  | 32 |  |
| Large loss prior accident year reserve development                                                                                                                                      | (3 | ) | 2 |  | 2 |  | — |  | (3 | ) | — |  | 8 |  | — |  | 2 |  | 8 |  | 4 |  | 10 |  | 1 |  | 7 |  |
|    Total large losses incurred                                                                                                                                           | $ | 3 |  | $ | 8 |  | $ | 6 |  | $ | 4 |  | $ | 11 |  | $ | 12 |  | $ | 11 |  | $ | 3 |  | $ | 10 |  | $ | 14 |  | $ | 18 |  | $ | 29 |  | $ | 21 |  | $ | 39 |  |
| Losses incurred but not reported                                                                                                                                                        | 12 |  | 3 |  | 9 |  | (5 | ) | 9 |  | (27 | ) | (5 | ) | — |  | 4 |  | (5 | ) | 7 |  | (32 | ) | 19 |  | (22 | ) |
| Other losses excluding catastrophe losses                                                                                                                                               | 119 |  | 144 |  | 138 |  | 138 |  | 116 |  | 130 |  | 109 |  | 113 |  | 276 |  | 222 |  | 420 |  | 349 |  | 539 |  | 466 |  |
| Catastrophe losses                                                                                                                                                                      | (4 | ) | 4 |  | 52 |  | 27 |  | 19 |  | 17 |  | 29 |  | 8 |  | 79 |  | 37 |  | 83 |  | 54 |  | 79 |  | 72 |  |
|    Total losses incurred                                                                                                                                                 | $ | 130 |  | $ | 159 |  | $ | 205 |  | $ | 164 |  | $ | 155 |  | $ | 132 |  | $ | 144 |  | $ | 124 |  | $ | 369 |  | $ | 268 |  | $ | 528 |  | $ | 400 |  | $ | 658 |  | $ | 555 |  |
| Excess & Surplus Lines                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Current accident year losses greater than $5,000,000                                                                                                                                    | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  |
| Current accident year losses $1,000,000-$5,000,000                                                                                                                                      | 1 |  | — |  | 1 |  | 1 |  | 1 |  | 1 |  | — |  | 1 |  | 2 |  | 1 |  | 2 |  | 2 |  | 3 |  | 3 |  |
| Large loss prior accident year reserve development                                                                                                                                      | — |  | (1 | ) | — |  | — |  | — |  | (1 | ) | 2 |  | — |  | — |  | 2 |  | (1 | ) | 1 |  | (1 | ) | 1 |  |
|    Total large losses incurred                                                                                                                                           | $ | 1 |  | $ | (1 | ) | $ | 1 |  | $ | 1 |  | $ | 1 |  | $ | — |  | $ | 2 |  | $ | 1 |  | $ | 2 |  | $ | 3 |  | $ | 1 |  | $ | 3 |  | $ | 2 |  | $ | 4 |  |
| Losses incurred but not reported                                                                                                                                                        | 5 |  | 6 |  | 9 |  | 4 |  | 6 |  | 8 |  | — |  | 5 |  | 13 |  | 5 |  | 19 |  | 13 |  | 24 |  | 20 |  |
| Other losses excluding catastrophe losses                                                                                                                                               | 6 |  | 6 |  | 6 |  | 7 |  | 1 |  | 4 |  | 12 |  | 6 |  | 13 |  | 18 |  | 19 |  | 23 |  | 25 |  | 23 |  |
| Catastrophe losses                                                                                                                                                                      | 1 |  | — |  | 1 |  | 1 |  | — |  | 1 |  | 1 |  | — |  | 2 |  | 1 |  | 2 |  | 1 |  | 4 |  | 1 |  |
|    Total losses incurred                                                                                                                                                 | $ | 13 |  | $ | 11 |  | $ | 17 |  | $ | 13 |  | $ | 8 |  | $ | 13 |  | $ | 15 |  | $ | 12 |  | $ | 30 |  | $ | 27 |  | $ | 41 |  | $ | 40 |  | $ | 55 |  | $ | 48 |  |
|                                                                                                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| *Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. The sum of quarterly amounts may not equal the full year as each is computed independently. |

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| Consolidated Cincinnati Insurance Companies                                                        |
| Loss Ratio Detail                                                                                  |
|                                                                                               | Three months ended | Six months ended | Nine months ended | Twelve months ended |
|                                                                                               | 12/31/14 | 9/30/14 | 6/30/14 | 3/31/14 | 12/31/13 | 9/30/13 | 6/30/13 | 3/31/13 | 6/30/14 | 6/30/13 | 9/30/14 | 9/30/13 | 12/31/14 | 12/31/13 |
| Consolidated                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Current accident year losses greater than $5,000,000                                               | 1.0 |  % | 0.7 |  % | 1.1 |  % | — |  % | 0.7 |  % | 0.6 |  % | 1.2 |  % | — | % | 0.6 |  % | 0.6 |  % | 0.6 |  % | 0.6 |  % | 0.7 |  % | 0.6 |  % |
| Current accident year losses $1,000,000-$5,000,000                                                 | 4.7 |  | 4.8 |  | 5.0 |  | 2.3 |  | 6.0 |  | 5.0 |  | 3.5 |  | 3.4 |  | 3.8 |  | 3.4 |  | 4.2 |  | 4.0 |  | 4.3 |  | 4.5 |  |
| Large loss prior accident year reserve development                                                 | (1.4 | ) | (0.5 | ) | 1.7 |  | 1.1 |  | (0.8 | ) | 0.2 |  | 2.6 |  | 2.7 |  | 1.4 |  | 2.7 |  | 0.7 |  | 1.8 |  | 0.2 |  | 1.2 |  |
|    Total large losses incurred                                                      | 4.3 |  % | 5.0 |  % | 7.8 |  % | 3.4 |  % | 5.9 |  % | 5.8 |  % | 7.3 |  % | 6.1 | % | 5.8 |  % | 6.7 |  % | 5.5 |  % | 6.4 |  % | 5.2 |  % | 6.3 |  % |
| Losses incurred but not reported                                                                   | 10.7 |  | 1.7 |  | (1.6 | ) | 2.2 |  | 5.3 |  | 2.2 |  | 2.5 |  | 3.1 |  | 0.2 |  | 2.8 |  | 0.8 |  | 2.6 |  | 3.3 |  | 3.3 |  |
| Other losses excluding catastrophe losses                                                          | 35.2 |  | 42.3 |  | 43.4 |  | 43.6 |  | 37.4 |  | 38.2 |  | 38.3 |  | 38.6 |  | 43.5 |  | 38.5 |  | 43.0 |  | 38.3 |  | 41.0 |  | 38.0 |  |
| Catastrophe losses                                                                                 | (1.1 | ) | 1.0 |  | 11.1 |  | 8.7 |  | 3.0 |  | 5.5 |  | 8.2 |  | 1.1 |  | 9.9 |  | 4.7 |  | 6.9 |  | 5.0 |  | 4.9 |  | 4.5 |  |
|    Total losses incurred                                                            | 49.1 |  % | 50.0 |  % | 60.7 |  % | 57.9 |  % | 51.6 |  % | 51.7 |  % | 56.3 |  % | 48.9 | % | 59.4 |  % | 52.7 |  % | 56.2 |  % | 52.3 |  % | 54.4 |  % | 52.1 |  % |
| Commercial Lines                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Current accident year losses greater than $5,000,000                                               | 1.5 |  % | 1.0 |  % | 1.6 |  % | — |  % | 1.0 |  % | 0.8 |  % | 1.7 |  % | — | % | 0.8 |  % | 0.9 |  % | 0.9 |  % | 0.8 |  % | 1.0 |  % | 0.9 |  % |
| Current accident year losses $1,000,000-$5,000,000                                                 | 5.6 |  | 5.9 |  | 6.5 |  | 2.6 |  | 6.2 |  | 5.1 |  | 4.4 |  | 4.2 |  | 4.6 |  | 4.3 |  | 5.1 |  | 4.5 |  | 5.2 |  | 5.0 |  |
| Large loss prior accident year reserve development                                                 | (1.5 | ) | (0.9 | ) | 2.1 |  | 1.4 |  | (0.7 | ) | 0.5 |  | 2.2 |  | 3.7 |  | 1.8 |  | 2.8 |  | 0.9 |  | 2.2 |  | 0.3 |  | 1.4 |  |
|    Total large losses incurred                                                      | 5.6 |  % | 6.0 |  % | 10.2 |  % | 4.0 |  % | 6.5 |  % | 6.4 |  % | 8.3 |  % | 7.9 | % | 7.2 |  % | 8.0 |  % | 6.9 |  % | 7.5 |  % | 6.5 |  % | 7.3 |  % |
| Losses incurred but not reported                                                                   | 12.8 |  | 1.1 |  | (4.8 | ) | 3.2 |  | 5.1 |  | 6.0 |  | 4.3 |  | 3.5 |  | (0.9 | ) | 3.9 |  | (0.2 | ) | 4.6 |  | 3.1 |  | 4.8 |  |
| Other losses excluding catastrophe losses                                                          | 32.6 |  | 39.6 |  | 41.0 |  | 40.6 |  | 35.6 |  | 33.6 |  | 35.4 |  | 35.6 |  | 40.8 |  | 35.7 |  | 40.2 |  | 34.8 |  | 38.4 |  | 35.0 |  |
| Catastrophe losses                                                                                 | (1.1 | ) | 0.8 |  | 8.3 |  | 8.3 |  | 1.6 |  | 5.2 |  | 6.9 |  | 0.3 |  | 8.3 |  | 3.6 |  | 5.8 |  | 4.2 |  | 4.0 |  | 3.5 |  |
|    Total losses incurred                                                            | 49.9 |  % | 47.5 |  % | 54.7 |  % | 56.1 |  % | 48.8 |  % | 51.2 |  % | 54.9 |  % | 47.3 | % | 55.4 |  % | 51.2 |  % | 52.7 |  % | 51.1 |  % | 52.0 |  % | 50.6 |  % |
| Personal Lines                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Current accident year losses greater than $5,000,000                                               | — |  % | — |  % | — |  % | — |  % | — |  % | — |  % | — |  % | — | % | — |  % | — |  % | — |  % | — |  % | — |  % | — |  % |
| Current accident year losses $1,000,000-$5,000,000                                                 | 2.2 |  | 2.5 |  | 1.7 |  | 1.4 |  | 5.7 |  | 5.0 |  | 1.3 |  | 1.3 |  | 1.5 |  | 1.3 |  | 1.8 |  | 2.6 |  | 1.9 |  | 3.4 |  |
| Large loss prior accident year reserve development                                                 | (1.1 | ) | 0.8 |  | 0.6 |  | 0.3 |  | (1.2 | ) | (0.2 | ) | 3.3 |  | — |  | 0.5 |  | 1.7 |  | 0.7 |  | 1.3 |  | 0.1 |  | 0.7 |  |
|    Total large losses incurred                                                      | 1.1 |  % | 3.3 |  % | 2.3 |  % | 1.7 |  % | 4.5 |  % | 4.8 |  % | 4.6 |  % | 1.3 | % | 2.0 |  % | 3.0 |  % | 2.5 |  % | 3.9 |  % | 2.0 |  % | 4.1 |  % |
| Losses incurred but not reported                                                                   | 4.5 |  | 1.3 |  | 3.5 |  | (2.0 | ) | 3.9 |  | (11.1 | ) | (2.2 | ) | 0.1 |  | 0.8 |  | (1.1 | ) | 0.9 |  | (4.5 | ) | 1.8 |  | (2.3 | ) |
| Other losses excluding catastrophe losses                                                          | 44.8 |  | 54.1 |  | 53.6 |  | 54.5 |  | 46.6 |  | 53.6 |  | 45.8 |  | 48.9 |  | 54.0 |  | 47.4 |  | 54.1 |  | 49.1 |  | 51.9 |  | 48.5 |  |
| Catastrophe losses                                                                                 | (1.5 | ) | 1.7 |  | 20.0 |  | 10.6 |  | 7.6 |  | 6.7 |  | 12.4 |  | 3.3 |  | 15.4 |  | 7.9 |  | 10.7 |  | 7.5 |  | 7.6 |  | 7.5 |  |
|    Total losses incurred                                                            | 48.9 |  % | 60.4 |  % | 79.4 |  % | 64.8 |  % | 62.6 |  % | 54.0 |  % | 60.6 |  % | 53.6 | % | 72.2 |  % | 57.2 |  % | 68.2 |  % | 56.0 |  % | 63.3 |  % | 57.8 |  % |
| Excess & Surplus Lines                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Current accident year losses greater than $5,000,000                                               | — |  % | — |  % | — |  % | — |  % | — |  % | — |  % | — |  % | — | % | — |  % | — |  % | — |  % | — |  % | — |  % | — |  % |
| Current accident year losses $1,000,000-$5,000,000                                                 | 3.3 |  | — |  | 3.1 |  | 3.2 |  | 3.3 |  | 3.6 |  | — |  | 4.2 |  | 3.1 |  | 2.0 |  | 1.9 |  | 2.6 |  | 2.3 |  | 2.7 |  |
| Large loss prior accident year reserve development                                                 | (1.8 | ) | (1.3 | ) | — |  | (0.3 | ) | (0.1 | ) | (4.3 | ) | 7.8 |  | — |  | (0.1 | ) | 4.0 |  | (0.5 | ) | 1.0 |  | (0.9 | ) | 0.8 |  |
|    Total large losses incurred                                                      | 1.5 |  % | (1.3 | )% | 3.1 |  % | 2.9 |  % | 3.2 |  % | (0.7 | )% | 7.8 |  % | 4.2 | % | 3.0 |  % | 6.0 |  % | 1.4 |  % | 3.6 |  % | 1.4 |  % | 3.5 |  % |
| Losses incurred but not reported                                                                   | 12.4 |  | 14.6 |  | 25.7 |  | 13.1 |  | 19.7 |  | 25.9 |  | 1.0 |  | 19.6 |  | 19.6 |  | 10.1 |  | 17.7 |  | 15.7 |  | 16.4 |  | 16.8 |  |
| Other losses excluding catastrophe losses                                                          | 17.7 |  | 15.3 |  | 15.1 |  | 21.6 |  | 3.5 |  | 15.9 |  | 41.4 |  | 22.9 |  | 18.3 |  | 32.5 |  | 17.1 |  | 26.6 |  | 17.2 |  | 20.3 |  |
| Catastrophe losses                                                                                 | 2.9 |  | (0.7 | ) | 2.7 |  | 3.0 |  | (1.7 | ) | 2.4 |  | 1.9 |  | 0.4 |  | 2.8 |  | 1.1 |  | 1.4 |  | 1.6 |  | 1.8 |  | 0.7 |  |
|    Total losses incurred                                                            | 34.5 |  % | 27.9 |  % | 46.6 |  % | 40.6 |  % | 24.7 |  % | 43.5 |  % | 52.1 |  % | 47.1 | % | 43.7 |  % | 49.7 |  % | 37.6 |  % | 47.5 |  % | 36.8 |  % | 41.3 |  % |
| *Certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts. |

----

|                                                                                                                 |
|-----------------------------------------------------------------------------------------------------------------|
|                                                                                                                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Consolidated Cincinnati Insurance Companies                                                                     |
| Loss Claim Count Detail                                                                                         |
|                                                                                                            | Three months ended | Six months ended | Nine months ended | Twelve months ended |
|                                                                                                            | 12/31/14 | 9/30/14 | 6/30/14 | 3/31/14 | 12/31/13 | 9/30/13 | 6/30/13 | 3/31/13 | 6/30/14 | 6/30/13 | 9/30/14 | 9/30/13 | 12/31/14 | 12/31/13 |
| Consolidated                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Current accident year reported claim count greater   than $5,000,000                             | 2 |  | 1 |  | 2 |  | — |  | 1 |  | 1 |  | 2 |  | — |  | 2 |  | 2 |  | 3 |  | 3 |  | 5 |  | 4 |  |
| Current accident year reported claim count    $1,000,000 - $5,000,000                            | 31 |  | 31 |  | 34 |  | 15 |  | 31 |  | 29 |  | 21 |  | 18 |  | 52 |  | 41 |  | 83 |  | 72 |  | 120 |  | 108 |  |
| Prior accident year reported claim count on   large losses                                       | 4 |  | 13 |  | 10 |  | 8 |  | 10 |  | 5 |  | 14 |  | 20 |  | 18 |  | 35 |  | 26 |  | 41 |  | 32 |  | 47 |  |
|    Non-Catastrophe reported claim count on      large losses total | 37 |  | 45 |  | 46 |  | 23 |  | 42 |  | 35 |  | 37 |  | 38 |  | 72 |  | 78 |  | 112 |  | 116 |  | 157 |  | 159 |  |
| Commercial Lines                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Current accident year reported claim count greater   than $5,000,000                                            | 2 |  | 1 |  | 2 |  | — |  | 1 |  | 1 |  | 2 |  | — |  | 2 |  | 2 |  | 3 |  | 3 |  | 5 |  | 4 |  |
| Current accident year reported claim count    $1,000,000 - $5,000,000                                           | 27 |  | 24 |  | 30 |  | 11 |  | 20 |  | 21 |  | 18 |  | 14 |  | 43 |  | 34 |  | 68 |  | 56 |  | 99 |  | 80 |  |
| Prior accident year reported claim count on   large losses                                                      | 3 |  | 11 |  | 9 |  | 7 |  | 10 |  | 4 |  | 12 |  | 17 |  | 17 |  | 30 |  | 23 |  | 35 |  | 28 |  | 42 |  |
|    Non-Catastrophe reported claim count on      large losses total                               | 32 |  | 36 |  | 41 |  | 18 |  | 31 |  | 26 |  | 32 |  | 31 |  | 62 |  | 66 |  | 94 |  | 94 |  | 132 |  | 126 |  |
| Personal Lines                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Current accident year reported claim count greater   than $5,000,000                                            | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  |
| Current accident year reported claim count    $1,000,000 - $5,000,000                                           | 3 |  | 6 |  | 3 |  | 3 |  | 10 |  | 7 |  | 3 |  | 3 |  | 7 |  | 6 |  | 13 |  | 14 |  | 18 |  | 25 |  |
| Prior accident year reported claim count on   large losses                                                      | — |  | 2 |  | 1 |  | 1 |  | — |  | 1 |  | — |  | 3 |  | 1 |  | 3 |  | 3 |  | 5 |  | 3 |  | 4 |  |
|    Non-Catastrophe reported claim count on      large losses total                               | 3 |  | 8 |  | 4 |  | 4 |  | 10 |  | 8 |  | 3 |  | 6 |  | 8 |  | 9 |  | 16 |  | 19 |  | 21 |  | 29 |  |
| Excess & Surplus Lines                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Current accident year reported claim count greater   than $5,000,000                                            | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  |
| Current accident year reported claim count    $1,000,000 - $5,000,000                                           | 1 |  | 1 |  | 1 |  | 1 |  | 1 |  | 1 |  | — |  | 1 |  | 2 |  | 1 |  | 2 |  | 2 |  | 3 |  | 3 |  |
| Prior accident year reported claim count on   large losses                                                      | 1 |  | — |  | — |  | — |  | — |  | — |  | 2 |  | — |  | — |  | 2 |  | — |  | 1 |  | 1 |  | 1 |  |
|    Non-Catastrophe reported claim count on      large losses total                               | 2 |  | 1 |  | 1 |  | 1 |  | 1 |  | 1 |  | 2 |  | 1 |  | 2 |  | 3 |  | 2 |  | 3 |  | 4 |  | 4 |  |
| *The sum of quarterly amounts may not equal the full year as each is computed independently.                    |

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|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                      |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  Consolidated Cincinnati Insurance Companies                                                                                                                                                    |
| Agency Direct Written Premiums by Agency State by Line of Business for the Twelve Months Ended December 31, 2014                                                                                     |
|                                                                                                                                                                                                 | Commercial Lines |   |  Personal Lines |   | E & S |   | Consolidated | Comm'lChange% | PersonalChange% | E & SChange% | ConsolChange% |
| RiskState                                                                                                                                                                                            | CommCasualty | CommProperty | CommAuto | Workers'Comp | Other Comm |   | PersonalAuto | Home Owner | Other Personal |   | AllLines |   | 2014 | 2013 |
|                                                                                                                                                                                                 |   |   | Total | Total |
|                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  OH                                                                                                                                                                                             | $ | 150.2 |  | $ | 125.8 |  | $ | 77.1 |  | $ | — |  | $ | 38.9 |  |   | $ | 128.2 |  | $ | 115.2 |  | $ | 36.2 |  |   | $ | 13.2 |  |   | $ | 684.8 |  | $ | 674.3 |  | 1.6 |  | 1.6 |  | 7.8 |  | 1.7 |  |
|  IL                                                                                                                                                                                             | 65.7 |  | 54.7 |  | 31.0 |  | 57.2 |  | 18.0 |  |   | 32.4 |  | 30.6 |  | 8.6 |  |   | 10.7 |  |   | 308.9 |  | 301.6 |  | 1.5 |  | 2.1 |  | 31.3 |  | 2.4 |  |
|  IN                                                                                                                                                                                             | 53.3 |  | 48.6 |  | 29.1 |  | 31.2 |  | 14.0 |  |   | 34.0 |  | 37.8 |  | 8.7 |  |   | 11.4 |  |   | 268.1 |  | 266.2 |  | 0.5 |  | 0.6 |  | (0.7 | ) | 0.5 |  |
|  PA                                                                                                                                                                                             | 60.1 |  | 44.0 |  | 37.9 |  | 48.4 |  | 14.5 |  |   | 13.0 |  | 10.3 |  | 4.0 |  |   | 6.4 |  |   | 238.6 |  | 228.6 |  | 3.7 |  | 7.1 |  | 21.5 |  | 4.5 |  |
|  GA                                                                                                                                                                                             | 37.2 |  | 37.2 |  | 26.9 |  | 13.2 |  | 14.7 |  |   | 39.0 |  | 41.3 |  | 10.6 |  |   | 9.5 |  |   | 229.6 |  | 213.2 |  | 9.2 |  | 6.0 |  | 3.6 |  | 7.7 |  |
|  MI                                                                                                                                                                                             | 45.6 |  | 35.3 |  | 22.1 |  | 22.4 |  | 15.7 |  |   | 39.0 |  | 29.4 |  | 5.1 |  |   | 6.6 |  |   | 221.2 |  | 200.8 |  | 7.8 |  | 15.5 |  | 6.3 |  | 10.2 |  |
|  NC                                                                                                                                                                                             | 43.3 |  | 44.2 |  | 22.8 |  | 19.0 |  | 18.8 |  |   | 30.7 |  | 24.0 |  | 7.4 |  |   | 6.4 |  |   | 216.6 |  | 198.0 |  | 6.7 |  | 14.7 |  | 21.5 |  | 9.3 |  |
|  TN                                                                                                                                                                                             | 34.4 |  | 34.6 |  | 21.3 |  | 11.2 |  | 14.6 |  |   | 17.6 |  | 20.8 |  | 5.5 |  |   | 4.3 |  |   | 164.3 |  | 152.5 |  | 5.8 |  | 11.0 |  | 35.7 |  | 7.8 |  |
|  KY                                                                                                                                                                                             | 26.9 |  | 31.9 |  | 19.2 |  | 3.7 |  | 9.4 |  |   | 27.5 |  | 26.5 |  | 6.2 |  |   | 4.8 |  |   | 156.1 |  | 149.8 |  | 4.0 |  | 4.7 |  | (4.2 | ) | 4.0 |  |
|  AL                                                                                                                                                                                             | 25.9 |  | 32.6 |  | 12.4 |  | 1.5 |  | 12.2 |  |   | 20.2 |  | 33.5 |  | 6.9 |  |   | 7.7 |  |   | 152.9 |  | 138.8 |  | 12.6 |  | 5.3 |  | 30.4 |  | 10.3 |  |
|  VA                                                                                                                                                                                             | 34.1 |  | 28.3 |  | 21.8 |  | 19.0 |  | 11.9 |  |   | 11.4 |  | 10.2 |  | 3.3 |  |   | 5.3 |  |   | 145.3 |  | 140.7 |  | 2.0 |  | 6.9 |  | 14.5 |  | 3.3 |  |
|  WI                                                                                                                                                                                             | 29.6 |  | 24.5 |  | 14.4 |  | 29.3 |  | 7.9 |  |   | 8.7 |  | 9.5 |  | 3.6 |  |   | 3.7 |  |   | 131.2 |  | 133.3 |  | (2.2 | ) | (0.3 | ) | 16.7 |  | (1.5 | ) |
|  TX                                                                                                                                                                                             | 45.4 |  | 29.7 |  | 27.7 |  | 1.4 |  | 5.0 |  |   | — |  | — |  | — |  |   | 14.6 |  |   | 123.8 |  | 109.3 |  | 11.5 |  | nm |  | 30.8 |  | 13.5 |  |
|  MN                                                                                                                                                                                             | 27.7 |  | 21.9 |  | 10.5 |  | 9.8 |  | 6.8 |  |   | 17.4 |  | 17.7 |  | 5.0 |  |   | 4.1 |  |   | 120.9 |  | 113.5 |  | 3.2 |  | 12.5 |  | 20.3 |  | 6.6 |  |
|  MO                                                                                                                                                                                             | 27.6 |  | 30.0 |  | 15.4 |  | 13.0 |  | 9.1 |  |   | 6.4 |  | 9.3 |  | 1.9 |  |   | 6.9 |  |   | 119.6 |  | 115.8 |  | 2.3 |  | 6.2 |  | 8.5 |  | 3.2 |  |
|  IA                                                                                                                                                                                             | 19.0 |  | 19.5 |  | 9.0 |  | 20.0 |  | 7.1 |  |   | 4.8 |  | 5.8 |  | 1.8 |  |   | 2.2 |  |   | 89.2 |  | 92.2 |  | (4.5 | ) | 0.9 |  | 20.2 |  | (3.3 | ) |
|  MD                                                                                                                                                                                             | 20.1 |  | 11.2 |  | 15.5 |  | 11.7 |  | 4.8 |  |   | 6.3 |  | 5.1 |  | 1.5 |  |   | 2.3 |  |   | 78.5 |  | 72.6 |  | 4.1 |  | 30.4 |  | 23.0 |  | 8.2 |  |
|  NY                                                                                                                                                                                             | 30.7 |  | 16.5 |  | 11.4 |  | 2.9 |  | 4.4 |  |   | 3.5 |  | 1.6 |  | 0.4 |  |   | 3.3 |  |   | 74.7 |  | 72.4 |  | (2.9 | ) | nm |  | 82.9 |  | 3.2 |  |
|  FL                                                                                                                                                                                             | 24.0 |  | 17.3 |  | 8.2 |  | 1.5 |  | 3.1 |  |   | 5.9 |  | 5.2 |  | 1.2 |  |   | 5.1 |  |   | 71.5 |  | 71.5 |  | 15.3 |  | (41.7 | ) | 47.4 |  | — |  |
|  AR                                                                                                                                                                                             | 10.4 |  | 18.4 |  | 7.2 |  | 2.5 |  | 6.5 |  |   | 8.3 |  | 9.5 |  | 2.3 |  |   | 2.8 |  |   | 67.9 |  | 62.1 |  | 4.3 |  | 19.5 |  | 27.2 |  | 9.2 |  |
|  SC                                                                                                                                                                                             | 13.4 |  | 12.0 |  | 9.5 |  | 3.5 |  | 4.7 |  |   | 8.0 |  | 5.3 |  | 1.4 |  |   | 2.4 |  |   | 60.2 |  | 53.9 |  | 5.9 |  | 29.5 |  | 24.7 |  | 11.5 |  |
|  AZ                                                                                                                                                                                             | 16.1 |  | 9.7 |  | 13.3 |  | 6.2 |  | 2.5 |  |   | 4.7 |  | 3.3 |  | 1.3 |  |   | 2.1 |  |   | 59.2 |  | 51.6 |  | 12.1 |  | 25.3 |  | 36.4 |  | 14.8 |  |
|  UT                                                                                                                                                                                             | 17.5 |  | 8.5 |  | 10.6 |  | 0.6 |  | 3.5 |  |   | 8.0 |  | 4.0 |  | 0.9 |  |   | 2.3 |  |   | 55.9 |  | 50.1 |  | 12.8 |  | 7.9 |  | 11.8 |  | 11.6 |  |
|  KS                                                                                                                                                                                             | 9.6 |  | 12.9 |  | 5.7 |  | 6.1 |  | 4.2 |  |   | 5.2 |  | 7.1 |  | 1.4 |  |   | 1.1 |  |   | 53.3 |  | 54.5 |  | (2.8 | ) | 0.1 |  | 4.4 |  | (1.9 | ) |
|  CO                                                                                                                                                                                             | 15.2 |  | 9.4 |  | 10.3 |  | 0.8 |  | 2.0 |  |   | — |  | 0.3 |  | — |  |   | 4.3 |  |   | 42.3 |  | 33.5 |  | 22.2 |  | 13.3 |  | 87.6 |  | 26.6 |  |
|  MT                                                                                                                                                                                             | 15.0 |  | 8.8 |  | 7.7 |  | 0.1 |  | 2.3 |  |   | 2.8 |  | 2.8 |  | 0.7 |  |   | 0.8 |  |   | 41.0 |  | 38.0 |  | 6.8 |  | 10.9 |  | 13.6 |  | 7.5 |  |
|  NE                                                                                                                                                                                             | 9.0 |  | 9.8 |  | 4.5 |  | 9.4 |  | 2.8 |  |   | 0.7 |  | 1.1 |  | 0.3 |  |   | 1.9 |  |   | 39.5 |  | 37.9 |  | 3.1 |  | (0.1 | ) | 36.5 |  | 4.1 |  |
|  ID                                                                                                                                                                                             | 12.0 |  | 7.6 |  | 6.9 |  | 0.2 |  | 2.3 |  |   | 3.2 |  | 2.1 |  | 0.6 |  |   | 1.5 |  |   | 36.4 |  | 32.5 |  | 11.6 |  | 18.0 |  | 5.0 |  | 12.3 |  |
|  WV                                                                                                                                                                                             | 9.4 |  | 8.7 |  | 6.8 |  | 2.3 |  | 2.2 |  |   | — |  | 0.5 |  | 0.1 |  |   | 3.0 |  |   | 33.0 |  | 30.7 |  | 6.9 |  | (1.8 | ) | 13.9 |  | 7.3 |  |
|  OR                                                                                                                                                                                             | 8.3 |  | 5.2 |  | 5.5 |  | 0.1 |  | 2.0 |  |   | 1.6 |  | 0.7 |  | 0.2 |  |   | 3.5 |  |   | 27.1 |  | 16.4 |  | 62.4 |  | nm |  | 42.4 |  | 63.8 |  |
|  VT                                                                                                                                                                                             | 4.8 |  | 5.3 |  | 3.0 |  | 6.4 |  | 2.5 |  |   | 1.3 |  | 1.6 |  | 0.4 |  |   | 1.0 |  |   | 26.3 |  | 26.9 |  | (3.1 | ) | 2.2 |  | 9.7 |  | (2.0 | ) |
|  ND                                                                                                                                                                                             | 8.1 |  | 6.1 |  | 4.1 |  | — |  | 2.0 |  |   | 0.8 |  | 0.9 |  | 0.3 |  |   | 0.4 |  |   | 22.7 |  | 23.1 |  | (2.8 | ) | 9.3 |  | (11.1 | ) | (2.0 | ) |
|  WA                                                                                                                                                                                             | 7.2 |  | 4.2 |  | 4.8 |  | — |  | 1.9 |  |   | — |  | — |  | — |  |   | 1.6 |  |   | 19.7 |  | 16.8 |  | 16.9 |  | nm |  | 15.7 |  | 16.8 |  |
|  NH                                                                                                                                                                                             | 3.8 |  | 3.9 |  | 1.7 |  | 3.0 |  | 1.2 |  |   | 1.8 |  | 1.8 |  | 0.6 |  |   | 0.8 |  |   | 18.6 |  | 18.1 |  | 4.4 |  | (1.1 | ) | (13.6 | ) | 2.3 |  |
|  NM                                                                                                                                                                                             | 6.0 |  | 3.4 |  | 3.7 |  | 0.9 |  | 1.7 |  |   | — |  | — |  | — |  |   | 0.9 |  |   | 16.6 |  | 12.5 |  | 31.2 |  | nm |  | 56.3 |  | 32.4 |  |
|  DE                                                                                                                                                                                             | 4.1 |  | 3.2 |  | 2.3 |  | 2.8 |  | 1.2 |  |   | — |  | — |  | — |  |   | 0.5 |  |   | 14.1 |  | 13.3 |  | 3.9 |  | nm |  | 64.4 |  | 5.4 |  |
|  SD                                                                                                                                                                                             | 3.5 |  | 3.5 |  | 1.9 |  | 3.2 |  | 1.4 |  |   | — |  | — |  | — |  |   | 0.5 |  |   | 14.0 |  | 12.6 |  | 11.6 |  | nm |  | 2.9 |  | 11.1 |  |
|  CT                                                                                                                                                                                             | 3.8 |  | 3.5 |  | 2.1 |  | 1.2 |  | 0.7 |  |   | 0.4 |  | 0.4 |  | 0.1 |  |   | 0.5 |  |   | 12.7 |  | 7.5 |  | 52.3 |  | nm |  | 86.3 |  | 65.1 |  |
|  WY                                                                                                                                                                                             | 2.1 |  | 2.4 |  | 1.1 |  | — |  | 0.6 |  |   | — |  | — |  | — |  |   | 0.5 |  |   | 6.7 |  | 5.7 |  | 13.8 |  | 1.1 |  | 17.6 |  | 14.1 |  |
|  All Other                                                                                                                                                                                      | 4.4 |  | 2.8 |  | 4.2 |  | 5.4 |  | 2.5 |  |   | — |  | 0.3 |  | — |  |   | 1.4 |  |   | 21.0 |  | 18.9 |  | 11.1 |  | nm |  | (2.3 | ) | 10.5 |  |
|  Total                                                                                                                                                                                          | $ | 984.5 |  | $ | 837.1 |  | $ | 550.6 |  | $ | 371.1 |  | $ | 281.6 |  |   | $ | 492.8 |  | $ | 475.5 |  | $ | 128.5 |  |   | $ | 162.3 |  |   | $ | 4,284.0 |  | $ | 4,061.7 |  | 4.8 |  | 5.7 |  | 19.1 |  | 5.5 |  |
|  Other Direct                                                                                                                                                                                   | — |  | 2.6 |  | 4.4 |  | 8.2 |  | — |  |   | 9.7 |  | 0.2 |  | — |  |   | — |  |   | 25.1 |  | 19.3 |  | 40.9 |  | 16.0 |  | nm |  | 30.1 |  |
|  Total Direct                                                                                                                                                                                   | $ | 984.5 |  | $ | 839.7 |  | $ | 555.0 |  | $ | 379.3 |  | $ | 281.6 |  |   | $ | 502.5 |  | $ | 475.7 |  | $ | 128.5 |  |   | $ | 162.3 |  |   | $ | 4,309.1 |  | $ | 4,081.0 |  | 4.9 |  | 5.8 |  | 19.1 |  | 5.6 |  |
| *Dollar amounts shown are rounded to the nearest hundred thousand; certain amounts may not add due to rounding. Percentage changes are calculated based on whole dollar amounts.*nm - Not meaningful |

----

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|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Quarterly Property Casualty Data - Commercial Lines                                                                                                                                                                                          |
| (Dollars in millions)                                                                                                                                                                                                                        | Three months ended | Six months ended | Nine months ended | Twelve months ended |
|                                                                                                                                                                                                                                         | 12/31/14 | 9/30/14 | 6/30/14 | 3/31/14 | 12/31/13 | 9/30/13 | 6/30/13 | 3/31/13 | 6/30/14 | 6/30/13 | 9/30/14 | 9/30/13 | 12/31/14 | 12/31/13 |
| Commercial casualty:                                                                                                                                                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Written premiums                                                                                                                                                                                                                             | $ | 234 |  | $ | 228 |  | $ | 249 |  | $ | 258 |  | $ | 206 |  | $ | 232 |  | $ | 222 |  | $ | 237 |  | $ | 507 |  | $ | 459 |  | $ | 735 |  | $ | 691 |  | $ | 969 |  | $ | 897 |  |
| Earned premiums                                                                                                                                                                                                                              | 243 |  | 237 |  | 234 |  | 224 |  | 220 |  | 221 |  | 211 |  | 204 |  | 458 |  | 415 |  | 695 |  | 636 |  | 938 |  | 856 |  |
| Current accident year before catastrophe losses                                                                                                                                                                                              | 59.2 |  % | 60.2 |  % | 61.7 |  % | 56.3 |  % | 54.2 |  % | 53.5 |  % | 55.7 |  % | 60.8 |  % | 59.1 |  % | 58.2 |  % | 59.4 |  % | 56.6 |  % | 59.4 |  % | 56.0 |  % |
| Current accident year catastrophe losses                                                                                                                                                                                                     | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  |
| Prior accident years before catastrophe losses                                                                                                                                                                                               | 12.1 |  | (3.6 | ) | (10.5 | ) | 3.6 |  | 1.9 |  | (8.4 | ) | (15.1 | ) | (11.5 | ) | (3.6 | ) | (13.3 | ) | (3.6 | ) | (11.6 | ) | 0.5 |  | (8.2 | ) |
| Prior accident years catastrophe losses                                                                                                                                                                                                      | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  |
|    Total loss and loss expense ratio                                                                                                                                                                                          | 71.3 |  % | 56.6 |  % | 51.2 |  % | 59.9 |  % | 56.1 |  % | 45.1 |  % | 40.6 |  % | 49.3 |  % | 55.5 |  % | 44.9 |  % | 55.8 |  % | 45.0 |  % | 59.9 |  % | 47.8 |  % |
| Commercial property:                                                                                                                                                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Written premiums                                                                                                                                                                                                                             | $ | 192 |  | $ | 194 |  | $ | 197 |  | $ | 193 |  | $ | 157 |  | $ | 186 |  | $ | 164 |  | $ | 166 |  | $ | 390 |  | $ | 330 |  | $ | 584 |  | $ | 516 |  | $ | 776 |  | $ | 673 |  |
| Earned premiums                                                                                                                                                                                                                              | 191 |  | 186 |  | 180 |  | 171 |  | 163 |  | 161 |  | 152 |  | 147 |  | 351 |  | 299 |  | 537 |  | 460 |  | 728 |  | 623 |  |
| Current accident year before catastrophe losses                                                                                                                                                                                              | 45.7 |  % | 54.3 |  % | 50.8 |  % | 53.4 |  % | 51.3 |  % | 49.6 |  % | 52.9 |  % | 48.9 |  % | 52.1 |  % | 50.9 |  % | 52.9 |  % | 50.5 |  % | 51.0 |  % | 50.7 |  % |
| Current accident year catastrophe losses                                                                                                                                                                                                     | 0.5 |  | 5.2 |  | 25.8 |  | 27.7 |  | 9.0 |  | 19.1 |  | 28.4 |  | 2.8 |  | 26.7 |  | 15.8 |  | 19.3 |  | 17.0 |  | 14.3 |  | 14.9 |  |
| Prior accident years before catastrophe losses                                                                                                                                                                                               | 1.8 |  | (3.1 | ) | (9.8 | ) | (0.6 | ) | (2.5 | ) | 1.4 |  | (6.0 | ) | 2.0 |  | (5.3 | ) | (2.0 | ) | (4.6 | ) | (0.9 | ) | (2.9 | ) | (1.3 | ) |
| Prior accident years catastrophe losses                                                                                                                                                                                                      | (2.7 | ) | (1.3 | ) | (2.3 | ) | (0.9 | ) | (1.9 | ) | (2.0 | ) | (3.2 | ) | (1.9 | ) | (1.6 | ) | (2.6 | ) | (1.5 | ) | (2.4 | ) | (1.8 | ) | (2.3 | ) |
|    Total loss and loss expense ratio                                                                                                                                                                                          | 45.3 |  % | 55.1 |  % | 64.5 |  % | 79.6 |  % | 55.9 |  % | 68.1 |  % | 72.1 |  % | 51.8 |  % | 71.9 |  % | 62.1 |  % | 66.1 |  % | 64.2 |  % | 60.6 |  % | 62.0 |  % |
| Commercial auto:                                                                                                                                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Written premiums                                                                                                                                                                                                                             | $ | 131 |  | $ | 128 |  | $ | 144 |  | $ | 145 |  | $ | 117 |  | $ | 128 |  | $ | 127 |  | $ | 135 |  | $ | 289 |  | $ | 262 |  | $ | 417 |  | $ | 390 |  | $ | 548 |  | $ | 507 |  |
| Earned premiums                                                                                                                                                                                                                              | 137 |  | 133 |  | 132 |  | 126 |  | 124 |  | 124 |  | 117 |  | 114 |  | 258 |  | 231 |  | 391 |  | 355 |  | 528 |  | 479 |  |
| Current accident year before catastrophe losses                                                                                                                                                                                              | 65.6 |  % | 69.1 |  % | 72.1 |  % | 68.0 |  % | 70.6 |  % | 64.3 |  % | 76.3 |  % | 59.6 |  % | 70.0 |  % | 68.1 |  % | 69.8 |  % | 66.7 |  % | 68.7 |  % | 67.8 |  % |
| Current accident year catastrophe losses                                                                                                                                                                                                     | (0.1 | ) | (0.6 | ) | 4.1 |  | — |  | (0.1 | ) | 0.9 |  | 1.5 |  | 0.4 |  | 2.1 |  | 1.0 |  | 1.2 |  | 0.9 |  | 0.9 |  | 0.7 |  |
| Prior accident years before catastrophe losses                                                                                                                                                                                               | 11.2 |  | 9.3 |  | 9.0 |  | (0.2 | ) | 3.1 |  | (0.4 | ) | (3.2 | ) | 2.1 |  | 4.5 |  | (0.7 | ) | 6.1 |  | (0.5 | ) | 7.4 |  | 0.4 |  |
| Prior accident years catastrophe losses                                                                                                                                                                                                      | — |  | — |  | — |  | (0.2 | ) | — |  | (0.2 | ) | (0.3 | ) | (0.2 | ) | (0.1 | ) | (0.2 | ) | (0.1 | ) | (0.2 | ) | (0.1 | ) | (0.2 | ) |
|    Total loss and loss expense ratio                                                                                                                                                                                          | 76.7 |  % | 77.8 |  % | 85.2 |  % | 67.6 |  % | 73.6 |  % | 64.6 |  % | 74.3 |  % | 61.9 |  % | 76.5 |  % | 68.2 |  % | 77.0 |  % | 66.9 |  % | 76.9 |  % | 68.7 |  % |
| Workers' compensation:                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Written premiums                                                                                                                                                                                                                             | $ | 81 |  | $ | 86 |  | $ | 92 |  | $ | 106 |  | $ | 86 |  | $ | 90 |  | $ | 85 |  | $ | 113 |  | $ | 198 |  | $ | 198 |  | $ | 284 |  | $ | 288 |  | $ | 365 |  | $ | 374 |  |
| Earned premiums                                                                                                                                                                                                                              | 90 |  | 93 |  | 95 |  | 92 |  | 95 |  | 95 |  | 87 |  | 88 |  | 187 |  | 175 |  | 280 |  | 270 |  | 370 |  | 365 |  |
| Current accident year before catastrophe losses                                                                                                                                                                                              | 75.9 |  % | 75.0 |  % | 83.2 |  % | 76.8 |  % | 76.9 |  % | 78.6 |  % | 84.8 |  % | 71.8 |  % | 80.0 |  % | 78.3 |  % | 78.4 |  % | 78.4 |  % | 77.8 |  % | 78.0 |  % |
| Current accident year catastrophe losses                                                                                                                                                                                                     | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  |
| Prior accident years before catastrophe losses                                                                                                                                                                                               | (7.5 | ) | (16.1 | ) | (21.2 | ) | (10.3 | ) | (0.5 | ) | 9.3 |  | (17.8 | ) | (8.0 | ) | (15.8 | ) | (12.9 | ) | (15.9 | ) | (5.1 | ) | (13.9 | ) | (3.9 | ) |
| Prior accident years catastrophe losses                                                                                                                                                                                                      | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  |
|    Total loss and loss expense ratio                                                                                                                                                                                          | 68.4 |  % | 58.9 |  % | 62.0 |  % | 66.5 |  % | 76.4 |  % | 87.9 |  % | 67.0 |  % | 63.8 |  % | 64.2 |  % | 65.4 |  % | 62.5 |  % | 73.3 |  % | 63.9 |  % | 74.1 |  % |
| Other commercial:                                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Written premiums                                                                                                                                                                                                                             | $ | 61 |  | $ | 68 |  | $ | 66 |  | $ | 69 |  | $ | 70 |  | $ | 83 |  | $ | 80 |  | $ | 77 |  | $ | 135 |  | $ | 157 |  | $ | 203 |  | $ | 240 |  | $ | 264 |  | $ | 309 |  |
| Earned premiums                                                                                                                                                                                                                              | 69 |  | 71 |  | 73 |  | 79 |  | 78 |  | 79 |  | 78 |  | 78 |  | 152 |  | 156 |  | 223 |  | 235 |  | 292 |  | 313 |  |
| Current accident year before catastrophe losses                                                                                                                                                                                              | 58.5 |  % | 50.2 |  % | 59.6 |  % | 46.7 |  % | 46.4 |  % | 52.4 |  % | 68.1 |  % | 54.7 |  % | 52.9 |  % | 61.4 |  % | 52.0 |  % | 58.4 |  % | 53.4 |  % | 55.3 |  % |
| Current accident year catastrophe losses                                                                                                                                                                                                     | (2.7 | ) | 2.0 |  | 17.8 |  | 17.9 |  | 1.3 |  | 10.9 |  | 7.8 |  | 3.1 |  | 17.9 |  | 5.5 |  | 12.8 |  | 7.3 |  | 9.2 |  | 5.8 |  |
| Prior accident years before catastrophe losses                                                                                                                                                                                               | (13.8 | ) | (5.6 | ) | (4.2 | ) | 3.5 |  | (5.5 | ) | (2.1 | ) | (0.4 | ) | 22.4 |  | (0.2 | ) | 11.0 |  | (1.9 | ) | 6.6 |  | (4.8 | ) | 3.8 |  |
| Prior accident years catastrophe losses                                                                                                                                                                                                      | (1.2 | ) | (0.8 | ) | 0.8 |  | (1.3 | ) | (1.1 | ) | (0.1 | ) | (0.3 | ) | (1.7 | ) | (0.3 | ) | (1.0 | ) | (0.5 | ) | (0.7 | ) | (0.7 | ) | (0.6 | ) |
|    Total loss and loss expense ratio                                                                                                                                                                                          | 40.8 |  % | 45.8 |  % | 74.0 |  % | 66.8 |  % | 41.1 |  % | 61.1 |  % | 75.2 |  % | 78.5 |  % | 70.3 |  % | 76.9 |  % | 62.4 |  % | 71.6 |  % | 57.1 |  % | 64.3 |  % |
| *Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts. The sum of quarterly amounts may not equal the full year as each is computed independently. |

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|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Quarterly Property Casualty Data - Personal Lines                                                                                                                                                                                           |
|                                                                                                                                                                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (Dollars in millions)                                                                                                                                                                                                                       | Three months ended | Six months ended | Nine months ended | Twelve months ended |
|                                                                                                                                                                                                                                        | 12/31/14 | 9/30/14 | 6/30/14 | 3/31/14 | 12/31/13 | 9/30/13 | 6/30/13 | 3/31/13 | 6/30/14 | 6/30/13 | 9/30/14 | 9/30/13 | 12/31/14 | 12/31/13 |
| Personal auto:                                                                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Written premiums                                                                                                                                                                                                                            | $ | 114 |  | $ | 135 |  | $ | 133 |  | $ | 107 |  | $ | 107 |  | $ | 128 |  | $ | 125 |  | $ | 100 |  | $ | 240 |  | $ | 225 |  | $ | 375 |  | $ | 353 |  | $ | 489 |  | $ | 460 |  |
| Earned premiums                                                                                                                                                                                                                             | 122 |  | 121 |  | 117 |  | 116 |  | 115 |  | 112 |  | 109 |  | 107 |  | 233 |  | 216 |  | 354 |  | 328 |  | 476 |  | 443 |  |
| Current accident year before catastrophe losses                                                                                                                                                                                             | 70.2 |  % | 73.9 |  % | 80.5 |  % | 79.5 |  % | 73.2 |  % | 71.7 |  % | 85.4 |  % | 66.9 |  % | 80.1 |  % | 76.3 |  % | 77.9 |  % | 74.7 |  % | 76.0 |  % | 74.3 |  % |
| Current accident year catastrophe losses                                                                                                                                                                                                    | (1.2 | ) | 1.1 |  | 4.9 |  | 0.5 |  | 0.4 |  | 1.3 |  | 1.4 |  | 1.4 |  | 2.7 |  | 1.4 |  | 2.2 |  | 1.4 |  | 1.3 |  | 1.1 |  |
| Prior accident years before catastrophe losses                                                                                                                                                                                              | 2.8 |  | 2.0 |  | (1.7 | ) | (3.4 | ) | 2.7 |  | (0.4 | ) | (10.2 | ) | 7.9 |  | (2.6 | ) | (1.2 | ) | (1.0 | ) | (0.9 | ) | — |  | — |  |
| Prior accident years catastrophe losses                                                                                                                                                                                                     | — |  | — |  | (0.2 | ) | (0.4 | ) | — |  | (0.4 | ) | (0.4 | ) | (0.3 | ) | (0.3 | ) | (0.4 | ) | (0.2 | ) | (0.4 | ) | (0.2 | ) | (0.3 | ) |
|    Total loss and loss expense ratio                                                                                                                                                                                         | 71.8 |  % | 77.0 |  % | 83.5 |  % | 76.2 |  % | 76.3 |  % | 72.2 |  % | 76.2 |  % | 75.9 |  % | 79.9 |  % | 76.1 |  % | 78.9 |  % | 74.8 |  % | 77.1 |  % | 75.1 |  % |
| Homeowner:                                                                                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Written premiums                                                                                                                                                                                                                            | $ | 107 |  | $ | 123 |  | $ | 128 |  | $ | 98 |  | $ | 105 |  | $ | 118 |  | $ | 116 |  | $ | 89 |  | $ | 226 |  | $ | 205 |  | $ | 349 |  | $ | 323 |  | $ | 456 |  | $ | 428 |  |
| Earned premiums                                                                                                                                                                                                                             | 113 |  | 110 |  | 111 |  | 109 |  | 105 |  | 103 |  | 99 |  | 96 |  | 220 |  | 195 |  | 330 |  | 298 |  | 443 |  | 403 |  |
| Current accident year before catastrophe losses                                                                                                                                                                                             | 44.3 |  % | 51.1 |  % | 59.5 |  % | 61.3 |  % | 52.5 |  % | 55.2 |  % | 50.5 |  % | 40.6 |  % | 60.4 |  % | 45.6 |  % | 57.4 |  % | 48.9 |  % | 54.0 |  % | 49.9 |  % |
| Current accident year catastrophe losses                                                                                                                                                                                                    | (0.9 | ) | 4.8 |  | 41.5 |  | 28.3 |  | 16.1 |  | 18.7 |  | 30.1 |  | 9.4 |  | 35.0 |  | 19.9 |  | 25.0 |  | 19.5 |  | 18.3 |  | 18.6 |  |
| Prior accident years before catastrophe losses                                                                                                                                                                                              | (0.2 | ) | (0.7 | ) | 3.6 |  | (6.5 | ) | 0.2 |  | (3.2 | ) | (7.4 | ) | (0.7 | ) | (1.4 | ) | (4.1 | ) | (1.2 | ) | (3.8 | ) | (0.9 | ) | (2.8 | ) |
| Prior accident years catastrophe losses                                                                                                                                                                                                     | (1.2 | ) | (1.2 | ) | (0.9 | ) | (5.4 | ) | 0.6 |  | (4.2 | ) | (2.0 | ) | (2.4 | ) | (3.2 | ) | (2.2 | ) | (2.6 | ) | (2.9 | ) | (2.2 | ) | (2.0 | ) |
|    Total loss and loss expense ratio                                                                                                                                                                                         | 42.0 |  % | 54.0 |  % | 103.7 |  % | 77.7 |  % | 69.4 |  % | 66.5 |  % | 71.2 |  % | 46.9 |  % | 90.8 |  % | 59.2 |  % | 78.6 |  % | 61.7 |  % | 69.2 |  % | 63.7 |  % |
| Other personal:                                                                                                                                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Written premiums                                                                                                                                                                                                                            | $ | 28 |  | $ | 36 |  | $ | 33 |  | $ | 26 |  | $ | 27 |  | $ | 32 |  | $ | 32 |  | $ | 26 |  | $ | 59 |  | $ | 58 |  | $ | 95 |  | $ | 90 |  | $ | 123 |  | $ | 117 |  |
| Earned premiums                                                                                                                                                                                                                             | 31 |  | 32 |  | 30 |  | 29 |  | 29 |  | 29 |  | 29 |  | 28 |  | 59 |  | 57 |  | 91 |  | 86 |  | 122 |  | 115 |  |
| Current accident year before catastrophe losses                                                                                                                                                                                             | 44.3 |  % | 59.3 |  % | 42.3 |  % | 46.5 |  % | 57.2 |  % | 56.3 |  % | 52.5 |  % | 56.7 |  % | 44.3 |  % | 54.5 |  % | 49.6 |  % | 55.2 |  % | 48.3 |  % | 55.7 |  % |
| Current accident year catastrophe losses                                                                                                                                                                                                    | 0.5 |  | 0.4 |  | 7.9 |  | 7.8 |  | 3.1 |  | 5.5 |  | 4.3 |  | 1.5 |  | 7.8 |  | 2.9 |  | 5.2 |  | 3.8 |  | 4.0 |  | 3.6 |  |
| Prior accident years before catastrophe losses                                                                                                                                                                                              | (1.3 | ) | 17.3 |  | (5.4 | ) | (1.9 | ) | (2.1 | ) | (39.8 | ) | (17.8 | ) | (1.5 | ) | (3.6 | ) | (9.5 | ) | 3.8 |  | (19.9 | ) | 2.5 |  | (15.4 | ) |
| Prior accident years catastrophe losses                                                                                                                                                                                                     | (0.1 | ) | (0.4 | ) | (0.5 | ) | 0.2 |  | 0.2 |  | (1.6 | ) | (0.9 | ) | (1.2 | ) | (0.1 | ) | (1.1 | ) | (0.2 | ) | (1.3 | ) | (0.2 | ) | (0.9 | ) |
|    Total loss and loss expense ratio                                                                                                                                                                                         | 43.4 |  % | 76.6 |  % | 44.3 |  % | 52.6 |  % | 58.4 |  % | 20.4 |  % | 38.1 |  % | 55.5 |  % | 48.4 |  % | 46.8 |  % | 58.4 |  % | 37.8 |  % | 54.6 |  % | 43.0 |  % |
|                                                                                                                                                                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Quarterly Property Casualty Data - Excess & Surplus Lines                                                                                                                                                                               |
|                                                                                                                                                                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (Dollars in millions)                                                                                                                                                                                                                       | Three months ended | Six months ended | Nine months ended | Twelve months ended |
|                                                                                                                                                                                                                                        | 12/31/14 | 9/30/14 | 6/30/14 | 3/31/14 | 12/31/13 | 9/30/13 | 6/30/13 | 3/31/13 | 6/30/14 | 6/30/13 | 9/30/14 | 9/30/13 | 12/31/14 | 12/31/13 |
| Excess & Surplus:                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Written premiums                                                                                                                                                                                                                            | $ | 39 |  | $ | 39 |  | $ | 40 |  | $ | 35 |  | $ | 34 |  | $ | 34 |  | $ | 33 |  | $ | 27 |  | $ | 75 |  | $ | 60 |  | $ | 114 |  | $ | 94 |  | $ | 153 |  | $ | 128 |  |
| Earned premiums                                                                                                                                                                                                                             | 39 |  | 42 |  | 34 |  | 33 |  | 31 |  | 30 |  | 28 |  | 27 |  | 67 |  | 55 |  | 109 |  | 85 |  | 148 |  | 116 |  |
| Current accident year before catastrophe losses                                                                                                                                                                                             | 62.1 |  % | 57.8 |  % | 75.4 |  % | 80.6 |  % | 62.6 |  % | 67.2 |  % | 65.7 |  % | 73.6 |  % | 77.9 |  % | 69.6 |  % | 70.2 |  % | 68.7 |  % | 68.1 |  % | 67.1 |  % |
| Current accident year catastrophe losses                                                                                                                                                                                                    | 2.9 |  | (0.7 | ) | 2.3 |  | 3.0 |  | (1.9 | ) | 3.4 |  | 0.9 |  | 0.1 |  | 2.6 |  | 0.6 |  | 1.4 |  | 1.6 |  | 1.8 |  | 0.7 |  |
| Prior accident years before catastrophe losses                                                                                                                                                                                              | (16.1 | ) | (15.4 | ) | (21.3 | ) | (27.1 | ) | (19.9 | ) | (13.7 | ) | (0.7 | ) | (8.8 | ) | (24.1 | ) | (4.7 | ) | (20.8 | ) | (7.9 | ) | (19.6 | ) | (11.2 | ) |
| Prior accident years catastrophe losses                                                                                                                                                                                                     | 0.1 |  | 0.1 |  | 0.6 |  | 0.1 |  | 0.2 |  | (0.9 | ) | 1.0 |  | 0.3 |  | 0.4 |  | 0.6 |  | 0.2 |  | 0.1 |  | 0.2 |  | 0.1 |  |
|    Total loss and loss expense ratio                                                                                                                                                                                         | 49.0 |  % | 41.8 |  % | 57.0 |  % | 56.6 |  % | 41.0 |  % | 56.0 |  % | 66.9 |  % | 65.2 |  % | 56.8 |  % | 66.1 |  % | 51.0 |  % | 62.5 |  % | 50.5 |  % | 56.7 |  % |
| *Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts. The sum of quarterly amounts may not equal the full year as each is computed independently |

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| Cincinnati Insurance Companies Consolidated                                        |
| Loss and Loss Expense Analysis                                                     |
| (In millions)                                                                      |   |   |   |   |   |   |   | Change in |   | Change in |   | Change in |   | Total |   |   |   |   |   | Loss |   |   |
|                                                                               | Paid |   | Paid loss |   | Total |   | case |   | IBNR |   | loss expense |   | change in |   | Case |   | IBNR |   | expense |   | Total |
|                                                                               | losses |   | expense |   | paid |   | reserves |   | reserves |   | reserves |   | reserves |   | incurred |   | incurred |   | incurred |   | incurred |
| Gross loss and loss expense incurred for the twelve months ended December 31, 2014 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Commercial casualty                                                    |   | $ | 325 |  |   | $ | 146 |  |   | $ | 471 |  |   | $ | 4 |  |   | $ | 77 |  |   | $ | 24 |  |   | $ | 105 |  |   | $ | 329 |  |   | $ | 77 |  |   | $ | 170 |  |   | $ | 576 |  |
|   Commercial property                                                    |   | 420 |  |   | 36 |  |   | 456 |  |   | 15 |  |   | (34 | ) |   | 2 |  |   | (17 | ) |   | 435 |  |   | (34 | ) |   | 38 |  |   | 439 |  |
|   Commercial auto                                                        |   | 298 |  |   | 51 |  |   | 349 |  |   | 34 |  |   | 18 |  |   | 8 |  |   | 60 |  |   | 332 |  |   | 18 |  |   | 59 |  |   | 409 |  |
|   Workers' compensation                                                  |   | 196 |  |   | 39 |  |   | 235 |  |   | (10 | ) |   | 28 |  |   | (1 | ) |   | 17 |  |   | 186 |  |   | 28 |  |   | 38 |  |   | 252 |  |
|   Other commercial                                                       |   | 172 |  |   | 31 |  |   | 203 |  |   | (25 | ) |   | (3 | ) |   | (8 | ) |   | (36 | ) |   | 147 |  |   | (3 | ) |   | 23 |  |   | 167 |  |
|     Total commercial lines                                     |   | 1,411 |  |   | 303 |  |   | 1,714 |  |   | 18 |  |   | 86 |  |   | 25 |  |   | 129 |  |   | 1,429 |  |   | 86 |  |   | 328 |  |   | 1,843 |  |
|                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Personal auto                                                          |   | 304 |  |   | 50 |  |   | 354 |  |   | 17 |  |   | (2 | ) |   | 1 |  |   | 16 |  |   | 321 |  |   | (2 | ) |   | 51 |  |   | 370 |  |
|   Homeowners                                                             |   | 285 |  |   | 27 |  |   | 312 |  |   | (6 | ) |   | 3 |  |   | (1 | ) |   | (4 | ) |   | 279 |  |   | 3 |  |   | 26 |  |   | 308 |  |
|   Other personal                                                         |   | 53 |  |   | 4 |  |   | 57 |  |   | (1 | ) |   | 11 |  |   | — |  |   | 10 |  |   | 52 |  |   | 11 |  |   | 4 |  |   | 67 |  |
|     Total personal lines                                       |   | 642 |  |   | 81 |  |   | 723 |  |   | 10 |  |   | 12 |  |   | — |  |   | 22 |  |   | 652 |  |   | 12 |  |   | 81 |  |   | 745 |  |
|                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Commercial casualty & property                                     |   | 22 |  |   | 12 |  |   | 34 |  |   | 12 |  |   | 24 |  |   | 9 |  |   | 45 |  |   | 34 |  |   | 24 |  |   | 21 |  |   | 79 |  |
|     Total excess & surplus lines                           |   | 22 |  |   | 12 |  |   | 34 |  |   | 12 |  |   | 24 |  |   | 9 |  |   | 45 |  |   | 34 |  |   | 24 |  |   | 21 |  |   | 79 |  |
|       Total property casualty                        |   | $ | 2,075 |  |   | $ | 396 |  |   | $ | 2,471 |  |   | $ | 40 |  |   | $ | 122 |  |   | $ | 34 |  |   | $ | 196 |  |   | $ | 2,115 |  |   | $ | 122 |  |   | $ | 430 |  |   | $ | 2,667 |  |
|                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ceded loss and loss expense incurred for the twelve months ended December 31, 2014 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Commercial casualty                                                    |   | $ | 21 |  |   | $ | 2 |  |   | $ | 23 |  |   | $ | (11 | ) |   | $ | 4 |  |   | $ | (2 | ) |   | $ | (9 | ) |   | $ | 10 |  |   | $ | 4 |  |   | $ | — |  |   | $ | 14 |  |
|   Commercial property                                                    |   | 2 |  |   | — |  |   | 2 |  |   | (4 | ) |   | (2 | ) |   | — |  |   | (6 | ) |   | (2 | ) |   | (2 | ) |   | — |  |   | (4 | ) |
|   Commercial auto                                                        |   | 2 |  |   | — |  |   | 2 |  |   | — |  |   | — |  |   | — |  |   | — |  |   | 2 |  |   | — |  |   | — |  |   | 2 |  |
|   Workers' compensation                                                  |   | 15 |  |   | 1 |  |   | 16 |  |   | (1 | ) |   | — |  |   | — |  |   | (1 | ) |   | 14 |  |   | — |  |   | 1 |  |   | 15 |  |
|   Other commercial                                                       |   | 6 |  |   | — |  |   | 6 |  |   | (2 | ) |   | — |  |   | — |  |   | (2 | ) |   | 4 |  |   | — |  |   | — |  |   | 4 |  |
|     Total commercial lines                                     |   | 46 |  |   | 3 |  |   | 49 |  |   | (18 | ) |   | 2 |  |   | (2 | ) |   | (18 | ) |   | 28 |  |   | 2 |  |   | 1 |  |   | 31 |  |
|                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Personal auto                                                          |   | 2 |  |   | — |  |   | 2 |  |   | 1 |  |   | — |  |   | — |  |   | 1 |  |   | 3 |  |   | — |  |   | — |  |   | 3 |  |
|   Homeowners                                                             |   | 3 |  |   | — |  |   | 3 |  |   | (1 | ) |   | (1 | ) |   | — |  |   | (2 | ) |   | 2 |  |   | (1 | ) |   | — |  |   | 1 |  |
|   Other personal                                                         |   | — |  |   | — |  |   | — |  |   | — |  |   | 1 |  |   | — |  |   | 1 |  |   | — |  |   | 1 |  |   | — |  |   | 1 |  |
|     Total personal lines                                       |   | 5 |  |   | — |  |   | 5 |  |   | — |  |   | — |  |   | — |  |   | — |  |   | 5 |  |   | — |  |   | — |  |   | 5 |  |
|                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Commercial casualty & property                                     |   | 3 |  |   | 1 |  |   | 4 |  |   | (1 | ) |   | 1 |  |   | — |  |   | — |  |   | 2 |  |   | 1 |  |   | 1 |  |   | 4 |  |
|     Total excess & surplus lines                           |   | 3 |  |   | 1 |  |   | 4 |  |   | (1 | ) |   | 1 |  |   | — |  |   | — |  |   | 2 |  |   | 1 |  |   | 1 |  |   | 4 |  |
|       Total property casualty                        |   | $ | 54 |  |   | $ | 4 |  |   | $ | 58 |  |   | $ | (19 | ) |   | $ | 3 |  |   | $ | (2 | ) |   | $ | (18 | ) |   | $ | 35 |  |   | $ | 3 |  |   | $ | 2 |  |   | $ | 40 |  |
|                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss and loss expense incurred for the twelve months ended December 31, 2014   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Commercial casualty                                                    |   | $ | 304 |  |   | $ | 144 |  |   | $ | 448 |  |   | $ | 15 |  |   | $ | 73 |  |   | $ | 26 |  |   | $ | 114 |  |   | $ | 319 |  |   | $ | 73 |  |   | $ | 170 |  |   | $ | 562 |  |
|   Commercial property                                                    |   | 418 |  |   | 36 |  |   | 454 |  |   | 19 |  |   | (32 | ) |   | 2 |  |   | (11 | ) |   | 437 |  |   | (32 | ) |   | 38 |  |   | 443 |  |
|   Commercial auto                                                        |   | 296 |  |   | 51 |  |   | 347 |  |   | 34 |  |   | 18 |  |   | 8 |  |   | 60 |  |   | 330 |  |   | 18 |  |   | 59 |  |   | 407 |  |
|   Workers' compensation                                                  |   | 181 |  |   | 38 |  |   | 219 |  |   | (9 | ) |   | 28 |  |   | (1 | ) |   | 18 |  |   | 172 |  |   | 28 |  |   | 37 |  |   | 237 |  |
|   Other commercial                                                       |   | 166 |  |   | 31 |  |   | 197 |  |   | (23 | ) |   | (3 | ) |   | (8 | ) |   | (34 | ) |   | 143 |  |   | (3 | ) |   | 23 |  |   | 163 |  |
|     Total commercial lines                                     |   | 1,365 |  |   | 300 |  |   | 1,665 |  |   | 36 |  |   | 84 |  |   | 27 |  |   | 147 |  |   | 1,401 |  |   | 84 |  |   | 327 |  |   | 1,812 |  |
|                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Personal auto                                                          |   | 302 |  |   | 50 |  |   | 352 |  |   | 16 |  |   | (2 | ) |   | 1 |  |   | 15 |  |   | 318 |  |   | (2 | ) |   | 51 |  |   | 367 |  |
|   Homeowners                                                             |   | 282 |  |   | 27 |  |   | 309 |  |   | (5 | ) |   | 4 |  |   | (1 | ) |   | (2 | ) |   | 277 |  |   | 4 |  |   | 26 |  |   | 307 |  |
|   Other personal                                                         |   | 53 |  |   | 4 |  |   | 57 |  |   | (1 | ) |   | 10 |  |   | — |  |   | 9 |  |   | 52 |  |   | 10 |  |   | 4 |  |   | 66 |  |
|     Total personal lines                                       |   | 637 |  |   | 81 |  |   | 718 |  |   | 10 |  |   | 12 |  |   | — |  |   | 22 |  |   | 647 |  |   | 12 |  |   | 81 |  |   | 740 |  |
|                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Commercial casualty & property                                     |   | 19 |  |   | 11 |  |   | 30 |  |   | 13 |  |   | 23 |  |   | 9 |  |   | 45 |  |   | 32 |  |   | 23 |  |   | 20 |  |   | 75 |  |
|     Total excess & surplus lines                           |   | 19 |  |   | 11 |  |   | 30 |  |   | 13 |  |   | 23 |  |   | 9 |  |   | 45 |  |   | 32 |  |   | 23 |  |   | 20 |  |   | 75 |  |
|       Total property casualty                        |   | $ | 2,021 |  |   | $ | 392 |  |   | $ | 2,413 |  |   | $ | 59 |  |   | $ | 119 |  |   | $ | 36 |  |   | $ | 214 |  |   | $ | 2,080 |  |   | $ | 119 |  |   | $ | 428 |  |   | $ | 2,627 |  |
|                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

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|-----------------------------------------------------------------------------------|
|                                                                                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Cincinnati Insurance Companies Consolidated                                       |
| Loss and Loss Expense Analysis                                                    |
| (In millions)                                                                     |   |   |   |   |   |   |   | Change in |   | Change in |   | Change in |   | Total |   |   |   |   |   | Loss |   |   |
|                                                                              | Paid |   | Paid loss |   | Total |   | case |   | IBNR |   | loss expense |   | change in |   | Case |   | IBNR |   | expense |   | Total |
|                                                                              | losses |   | expense |   | paid |   | reserves |   | reserves |   | reserves |   | reserves |   | incurred |   | incurred |   | incurred |   | incurred |
| Gross loss and loss expense incurred for the three months ended December 31, 2014 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Commercial casualty                                                   |   | $ | 70 |  |   | $ | 37 |  |   | $ | 107 |  |   | $ | (21 | ) |   | $ | 73 |  |   | $ | 16 |  |   | $ | 68 |  |   | $ | 49 |  |   | $ | 73 |  |   | $ | 53 |  |   | $ | 175 |  |
|   Commercial property                                                   |   | 99 |  |   | 9 |  |   | 108 |  |   | (37 | ) |   | 11 |  |   | 2 |  |   | (24 | ) |   | 62 |  |   | 11 |  |   | 11 |  |   | 84 |  |
|   Commercial auto                                                       |   | 79 |  |   | 14 |  |   | 93 |  |   | 11 |  |   | — |  |   | 2 |  |   | 13 |  |   | 90 |  |   | — |  |   | 16 |  |   | 106 |  |
|   Workers' compensation                                                 |   | 46 |  |   | 10 |  |   | 56 |  |   | 1 |  |   | 4 |  |   | 3 |  |   | 8 |  |   | 47 |  |   | 4 |  |   | 13 |  |   | 64 |  |
|   Other commercial                                                      |   | 41 |  |   | 5 |  |   | 46 |  |   | (8 | ) |   | 2 |  |   | (8 | ) |   | (14 | ) |   | 33 |  |   | 2 |  |   | (3 | ) |   | 32 |  |
|     Total commercial lines                                    |   | 335 |  |   | 75 |  |   | 410 |  |   | (54 | ) |   | 90 |  |   | 15 |  |   | 51 |  |   | 281 |  |   | 90 |  |   | 90 |  |   | 461 |  |
|                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Personal auto                                                         |   | 83 |  |   | 13 |  |   | 96 |  |   | 3 |  |   | (8 | ) |   | (2 | ) |   | (7 | ) |   | 86 |  |   | (8 | ) |   | 11 |  |   | 89 |  |
|   Homeowners                                                            |   | 53 |  |   | 6 |  |   | 59 |  |   | (16 | ) |   | 7 |  |   | (1 | ) |   | (10 | ) |   | 37 |  |   | 7 |  |   | 5 |  |   | 49 |  |
|   Other personal                                                        |   | 14 |  |   | 1 |  |   | 15 |  |   | (7 | ) |   | 6 |  |   | — |  |   | (1 | ) |   | 7 |  |   | 6 |  |   | 1 |  |   | 14 |  |
|     Total personal lines                                      |   | 150 |  |   | 20 |  |   | 170 |  |   | (20 | ) |   | 5 |  |   | (3 | ) |   | (18 | ) |   | 130 |  |   | 5 |  |   | 17 |  |   | 152 |  |
|                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Commercial casualty & property                                    |   | 8 |  |   | 3 |  |   | 11 |  |   | 4 |  |   | 5 |  |   | 3 |  |   | 12 |  |   | 12 |  |   | 5 |  |   | 6 |  |   | 23 |  |
|     Total excess & surplus lines                          |   | 8 |  |   | 3 |  |   | 11 |  |   | 4 |  |   | 5 |  |   | 3 |  |   | 12 |  |   | 12 |  |   | 5 |  |   | 6 |  |   | 23 |  |
|       Total property casualty                       |   | $ | 493 |  |   | $ | 98 |  |   | $ | 591 |  |   | $ | (70 | ) |   | $ | 100 |  |   | $ | 15 |  |   | $ | 45 |  |   | $ | 423 |  |   | $ | 100 |  |   | $ | 113 |  |   | $ | 636 |  |
|                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ceded loss and loss expense incurred for the three months ended December 31, 2014 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Commercial casualty                                                   |   | $ | 4 |  |   | $ | 1 |  |   | $ | 5 |  |   | $ | (5 | ) |   | $ | 1 |  |   | $ | — |  |   | $ | (4 | ) |   | $ | (1 | ) |   | $ | 1 |  |   | $ | 1 |  |   | $ | 1 |  |
|   Commercial property                                                   |   | 1 |  |   | — |  |   | 1 |  |   | (4 | ) |   | (1 | ) |   | — |  |   | (5 | ) |   | (3 | ) |   | (1 | ) |   | — |  |   | (4 | ) |
|   Commercial auto                                                       |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |
|   Workers' compensation                                                 |   | 3 |  |   | — |  |   | 3 |  |   | — |  |   | (1 | ) |   | — |  |   | (1 | ) |   | 3 |  |   | (1 | ) |   | — |  |   | 2 |  |
|   Other commercial                                                      |   | 2 |  |   | — |  |   | 2 |  |   | 6 |  |   | — |  |   | — |  |   | 6 |  |   | 8 |  |   | — |  |   | — |  |   | 8 |  |
|     Total commercial lines                                    |   | 10 |  |   | 1 |  |   | 11 |  |   | (3 | ) |   | (1 | ) |   | — |  |   | (4 | ) |   | 7 |  |   | (1 | ) |   | 1 |  |   | 7 |  |
|                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Personal auto                                                         |   | 1 |  |   | — |  |   | 1 |  |   | 1 |  |   | — |  |   | — |  |   | 1 |  |   | 2 |  |   | — |  |   | — |  |   | 2 |  |
|   Homeowners                                                            |   | 1 |  |   | — |  |   | 1 |  |   | — |  |   | — |  |   | — |  |   | — |  |   | 1 |  |   | — |  |   | — |  |   | 1 |  |
|   Other personal                                                        |   | — |  |   | — |  |   | — |  |   | — |  |   | 1 |  |   | — |  |   | 1 |  |   | — |  |   | 1 |  |   | — |  |   | 1 |  |
|     Total personal lines                                      |   | 2 |  |   | — |  |   | 2 |  |   | 1 |  |   | 1 |  |   | — |  |   | 2 |  |   | 3 |  |   | 1 |  |   | — |  |   | 4 |  |
|                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Commercial casualty & property                                    |   | 2 |  |   | 1 |  |   | 3 |  |   | (1 | ) |   | 1 |  |   | — |  |   | — |  |   | 1 |  |   | 1 |  |   | 1 |  |   | 3 |  |
|     Total excess & surplus lines                          |   | 2 |  |   | 1 |  |   | 3 |  |   | (1 | ) |   | 1 |  |   | — |  |   | — |  |   | 1 |  |   | 1 |  |   | 1 |  |   | 3 |  |
|       Total property casualty                       |   | $ | 14 |  |   | $ | 2 |  |   | $ | 16 |  |   | $ | (3 | ) |   | $ | 1 |  |   | $ | — |  |   | $ | (2 | ) |   | $ | 11 |  |   | $ | 1 |  |   | $ | 2 |  |   | $ | 14 |  |
|                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss and loss expense incurred for the three months ended December 31, 2014   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Commercial casualty                                                   |   | $ | 66 |  |   | $ | 36 |  |   | $ | 102 |  |   | $ | (16 | ) |   | $ | 72 |  |   | $ | 16 |  |   | $ | 72 |  |   | $ | 50 |  |   | $ | 72 |  |   | $ | 52 |  |   | $ | 174 |  |
|   Commercial property                                                   |   | 98 |  |   | 9 |  |   | 107 |  |   | (33 | ) |   | 12 |  |   | 2 |  |   | (19 | ) |   | 65 |  |   | 12 |  |   | 11 |  |   | 88 |  |
|   Commercial auto                                                       |   | 79 |  |   | 14 |  |   | 93 |  |   | 11 |  |   | — |  |   | 2 |  |   | 13 |  |   | 90 |  |   | — |  |   | 16 |  |   | 106 |  |
|   Workers' compensation                                                 |   | 43 |  |   | 10 |  |   | 53 |  |   | 1 |  |   | 5 |  |   | 3 |  |   | 9 |  |   | 44 |  |   | 5 |  |   | 13 |  |   | 62 |  |
|   Other commercial                                                      |   | 39 |  |   | 5 |  |   | 44 |  |   | (14 | ) |   | 2 |  |   | (8 | ) |   | (20 | ) |   | 25 |  |   | 2 |  |   | (3 | ) |   | 24 |  |
|     Total commercial lines                                    |   | 325 |  |   | 74 |  |   | 399 |  |   | (51 | ) |   | 91 |  |   | 15 |  |   | 55 |  |   | 274 |  |   | 91 |  |   | 89 |  |   | 454 |  |
|                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Personal auto                                                         |   | 82 |  |   | 13 |  |   | 95 |  |   | 2 |  |   | (8 | ) |   | (2 | ) |   | (8 | ) |   | 84 |  |   | (8 | ) |   | 11 |  |   | 87 |  |
|   Homeowners                                                            |   | 52 |  |   | 6 |  |   | 58 |  |   | (16 | ) |   | 7 |  |   | (1 | ) |   | (10 | ) |   | 36 |  |   | 7 |  |   | 5 |  |   | 48 |  |
|   Other personal                                                        |   | 14 |  |   | 1 |  |   | 15 |  |   | (7 | ) |   | 5 |  |   | — |  |   | (2 | ) |   | 7 |  |   | 5 |  |   | 1 |  |   | 13 |  |
|     Total personal lines                                      |   | 148 |  |   | 20 |  |   | 168 |  |   | (21 | ) |   | 4 |  |   | (3 | ) |   | (20 | ) |   | 127 |  |   | 4 |  |   | 17 |  |   | 148 |  |
|                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Commercial casualty & property                                    |   | 6 |  |   | 2 |  |   | 8 |  |   | 5 |  |   | 4 |  |   | 3 |  |   | 12 |  |   | 11 |  |   | 4 |  |   | 5 |  |   | 20 |  |
|     Total excess & surplus lines                          |   | 6 |  |   | 2 |  |   | 8 |  |   | 5 |  |   | 4 |  |   | 3 |  |   | 12 |  |   | 11 |  |   | 4 |  |   | 5 |  |   | 20 |  |
|       Total property casualty                       |   | $ | 479 |  |   | $ | 96 |  |   | $ | 575 |  |   | $ | (67 | ) |   | $ | 99 |  |   | $ | 15 |  |   | $ | 47 |  |   | $ | 412 |  |   | $ | 99 |  |   | $ | 111 |  |   | $ | 622 |  |
|                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                              |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Consolidated Cincinnati Insurance Companies                                                                                                                                                                                                                                                                                                                                                  |
| 5-Year Property Casualty Data - All Lines                                                                                                                                                                                                                                                                                                                                                    |
| (Dollars in millions)                                                                                                                                                                                                                                                                                                                                                                        | Years ended December 31, |
|                                                                                                                                                                                                                                                                                                                                                                                         | 2014 | 2013 | 2012 | 2011 | 2010 |
| Premiums*                                                                                                                                                                                                                                                                                                                                                                                    |   |   |   |   |   |
|    Adjusted written premiums – statutory                                                                                                                                                                                                                                                                                                                                | $ | 4,156 |  | $ | 3,869 |  | $ | 3,467 |  | $ | 3,105 |  | $ | 2,952 |  |
|    Written premium adjustment – statutory                                                                                                                                                                                                                                                                                                                               | (13 | ) | 24 |  | 15 |  | (7 | ) | 11 |  |
|    Reported written premiums – statutory                                                                                                                                                                                                                                                                                                                                | 4,143 |  | 3,893 |  | 3,482 |  | 3,098 |  | 2,963 |  |
|    Unearned premium change                                                                                                                                                                                                                                                                                                                                                    | (98 | ) | (180 | ) | (138 | ) | (69 | ) | (39 | ) |
|    Earned premiums (GAAP)                                                                                                                                                                                                                                                                                                                                                     | $ | 4,045 |  | $ | 3,713 |  | $ | 3,344 |  | $ | 3,029 |  | $ | 2,924 |  |
|                                                                                                                                                                                                                                                                                                                                                                                         |   |   |   |   |   |
| Year-over-year growth rate:                                                                                                                                                                                                                                                                                                                                                                  |   |   |   |   |   |
|    Adjusted written premiums – statutory                                                                                                                                                                                                                                                                                                                                | 7 | % | 12 | % | 12 | % | 5 | % | 1 | % |
|    Written premiums – statutory                                                                                                                                                                                                                                                                                                                                         | 6 | % | 12 | % | 12 | % | 5 | % | 2 | % |
|    Earned premiums                                                                                                                                                                                                                                                                                                                                                            | 9 | % | 11 | % | 10 | % | 4 | % | — | % |
|                                                                                                                                                                                                                                                                                                                                                                                         |   |   |   |   |   |
| Statutory ratios*                                                                                                                                                                                                                                                                                                                                                                            |   |   |   |   |   |
|    Reported combined ratio                                                                                                                                                                                                                                                                                                                                                    | 95.1 | % | 92.7 | % | 95.4 | % | 108.9 | % | 101.8 | % |
|    Less catastrophe losses                                                                                                                                                                                                                                                                                                                                                    | 5.1 |  | 4.6 |  | 10.0 |  | 13.3 |  | 5.1 |  |
|    Combined ratio excluding catastrophe losses                                                                                                                                                                                                                                                                                                                                | 90.0 | % | 88.1 | % | 85.4 | % | 95.6 | % | 96.7 | % |
|                                                                                                                                                                                                                                                                                                                                                                                         |   |   |   |   |   |
|    Reported commission expense ratio                                                                                                                                                                                                                                                                                                                                          | 18.4 | % | 18.6 | % | 18.9 | % | 18.6 | % | 18.7 | % |
|    Reported other underwriting expense ratio                                                                                                                                                                                                                                                                                                                                  | 11.7 |  | 12.2 |  | 12.6 |  | 13.3 |  | 14.2 |  |
|    Reported expense ratio                                                                                                                                                                                                                                                                                                                                                     | 30.1 | % | 30.8 | % | 31.5 | % | 31.9 | % | 32.9 | % |
|                                                                                                                                                                                                                                                                                                                                                                                         |   |   |   |   |   |
| GAAP combined ratio                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |
|    GAAP combined ratio                                                                                                                                                                                                                                                                                                                                                        | 95.6 | % | 93.8 | % | 96.1 | % | 109.3 | % | 101.8 | % |
|                                                                                                                                                                                                                                                                                                                                                                                         |   |   |   |   |   |
| Written premiums to surplus                                                                                                                                                                                                                                                                                                                                                                  |   |   |   |   |   |
|    Written premiums to statutory surplus ratio                                                                                                                                                                                                                                                                                                                                | 0.926 |  | 0.900 |  | 0.890 |  | 0.826 |  | 0.784 |  |
| Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts. nm - Not meaningful * Statutory data prepared in accordance with statutory accounting rules as defined by the National Association of Insurance Commissioners and filed with the appropriate     regulatory bodies. |

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|                                                                                                                                                                                                                                                                                                                                                                                              |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Consolidated Cincinnati Insurance Companies                                                                                                                                                                                                                                                                                                                                                  |
| 5-Year Property Casualty Data - Commercial Lines                                                                                                                                                                                                                                                                                                                                             |
| (Dollars in millions)                                                                                                                                                                                                                                                                                                                                                                        | Years ended December 31, |
|                                                                                                                                                                                                                                                                                                                                                                                         | 2014 | 2013 | 2012 | 2011 | 2010 |
| Premiums*                                                                                                                                                                                                                                                                                                                                                                                    |   |   |   |   |   |
|    Adjusted written premiums – statutory                                                                                                                                                                                                                                                                                                                                | $ | 2,935 |  | $ | 2,736 |  | $ | 2,444 |  | $ | 2,225 |  | $ | 2,144 |  |
|    Written premium adjustment – statutory                                                                                                                                                                                                                                                                                                                               | (13 | ) | 24 |  | 15 |  | (7 | ) | 11 |  |
|    Reported written premiums – statutory                                                                                                                                                                                                                                                                                                                                | 2,922 |  | 2,760 |  | 2,459 |  | 2,218 |  | 2,155 |  |
|    Unearned premium change                                                                                                                                                                                                                                                                                                                                                    | (66 | ) | (124 | ) | (76 | ) | (21 | ) | (1 | ) |
|    Earned premiums (GAAP)                                                                                                                                                                                                                                                                                                                                                     | $ | 2,856 |  | $ | 2,636 |  | $ | 2,383 |  | $ | 2,197 |  | $ | 2,154 |  |
|                                                                                                                                                                                                                                                                                                                                                                                         |   |   |   |   |   |
| Year-over-year growth rate:                                                                                                                                                                                                                                                                                                                                                                  |   |   |   |   |   |
|    Adjusted written premiums – statutory                                                                                                                                                                                                                                                                                                                                | 7 | % | 13 | % | 10 | % | 4 | % | (2 | )% |
|    Written premiums – statutory                                                                                                                                                                                                                                                                                                                                         | 6 | % | 12 | % | 11 | % | 3 | % | (1 | )% |
|    Earned premiums                                                                                                                                                                                                                                                                                                                                                            | 8 | % | 11 | % | 8 | % | 2 | % | (2 | )% |
|                                                                                                                                                                                                                                                                                                                                                                                         |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                         |   |   |   |   |   |
| Statutory combined ratio*                                                                                                                                                                                                                                                                                                                                                                    |   |   |   |   |   |
|    Reported combined ratio                                                                                                                                                                                                                                                                                                                                                    | 94.3 | % | 91.8 | % | 92.1 | % | 104.2 | % | 99.6 |  % |
|    Less catastrophe losses                                                                                                                                                                                                                                                                                                                                                    | 4.3 |  | 3.7 |  | 8.2 |  | 10.4 |  | 4.1 |  |
|    Combined ratio excluding catastrophe losses                                                                                                                                                                                                                                                                                                                                | 90.0 | % | 88.1 | % | 83.9 | % | 93.8 | % | 95.5 |  % |
|                                                                                                                                                                                                                                                                                                                                                                                         |   |   |   |   |   |
| GAAP combined ratio                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |
|    GAAP combined ratio                                                                                                                                                                                                                                                                                                                                                        | 95.1 | % | 93.0 | % | 92.5 | % | 104.8 | % | 99.4 |  % |
| Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts. nm - Not meaningful * Statutory data prepared in accordance with statutory accounting rules as defined by the National Association of Insurance Commissioners and filed with the appropriate     regulatory bodies. |

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|                                                                                                                                                                                                                                                                                                                                                                                              |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Consolidated Cincinnati Insurance Companies                                                                                                                                                                                                                                                                                                                                                  |
| 5-Year Property Casualty Data - Personal Lines                                                                                                                                                                                                                                                                                                                                               |
| (Dollars in millions)                                                                                                                                                                                                                                                                                                                                                                        | Years ended December 31, |
|                                                                                                                                                                                                                                                                                                                                                                                         | 2014 | 2013 | 2012 | 2011 | 2010 |
| Premiums*                                                                                                                                                                                                                                                                                                                                                                                    |   |   |   |   |   |
|    Adjusted written premiums – statutory                                                                                                                                                                                                                                                                                                                                | $ | 1,068 |  | $ | 1,005 |  | $ | 918 |  | $ | 801 |  | $ | 750 |  |
|    Written premium adjustment – statutory                                                                                                                                                                                                                                                                                                                               | — |  | — |  | — |  | — |  | — |  |
|    Reported written premiums – statutory                                                                                                                                                                                                                                                                                                                                | 1,068 |  | 1,005 |  | 918 |  | 801 |  | 750 |  |
|    Unearned premium change                                                                                                                                                                                                                                                                                                                                                    | (27 | ) | (44 | ) | (50 | ) | (39 | ) | (29 | ) |
|    Earned premiums (GAAP)                                                                                                                                                                                                                                                                                                                                                     | $ | 1,041 |  | $ | 961 |  | $ | 868 |  | $ | 762 |  | $ | 721 |  |
|                                                                                                                                                                                                                                                                                                                                                                                         |   |   |   |   |   |
| Year-over-year growth rate:                                                                                                                                                                                                                                                                                                                                                                  |   |   |   |   |   |
|    Adjusted written premiums – statutory                                                                                                                                                                                                                                                                                                                                | 6 | % | 9 | % | 15 | % | 7 | % | 9 | % |
|    Written premiums – statutory                                                                                                                                                                                                                                                                                                                                         | 6 | % | 9 | % | 15 | % | 7 | % | 9 | % |
|    Earned premiums                                                                                                                                                                                                                                                                                                                                                            | 8 | % | 11 | % | 14 | % | 6 | % | 5 | % |
|                                                                                                                                                                                                                                                                                                                                                                                         |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                         |   |   |   |   |   |
| Statutory combined ratio*                                                                                                                                                                                                                                                                                                                                                                    |   |   |   |   |   |
|    Reported combined ratio                                                                                                                                                                                                                                                                                                                                                    | 99.1 | % | 96.3 | % | 104.0 | % | 124.2 | % | 107.1 | % |
|    Less catastrophe losses                                                                                                                                                                                                                                                                                                                                                    | 7.8 |  | 7.7 |  | 15.9 |  | 22.7 |  | 8.1 |  |
|    Combined ratio excluding catastrophe losses                                                                                                                                                                                                                                                                                                                                | 91.3 | % | 88.6 | % | 88.1 | % | 101.5 | % | 99.0 | % |
|                                                                                                                                                                                                                                                                                                                                                                                         |   |   |   |   |   |
| GAAP combined ratio                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |
|    GAAP combined ratio                                                                                                                                                                                                                                                                                                                                                        | 99.2 | % | 96.8 | % | 105.3 | % | 124.0 | % | 107.8 | % |
| Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts. nm - Not meaningful * Statutory data prepared in accordance with statutory accounting rules as defined by the National Association of Insurance Commissioners and filed with the appropriate     regulatory bodies. |

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|                                                                                                                                                                                                                                                                                                                                                                                              |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Consolidated Cincinnati Insurance Companies                                                                                                                                                                                                                                                                                                                                                  |
| 5-Year Property Casualty Data - Excess & Surplus Lines                                                                                                                                                                                                                                                                                                                                   |
| (Dollars in millions)                                                                                                                                                                                                                                                                                                                                                                        | Years ended December 31, |
|                                                                                                                                                                                                                                                                                                                                                                                         | 2014 | 2013 | 2012 | 2011 | 2010 |
| Premiums*                                                                                                                                                                                                                                                                                                                                                                                    |   |   |   |   |   |
|    Adjusted written premiums – statutory                                                                                                                                                                                                                                                                                                                                | $ | 153 |  | $ | 128 |  | $ | 105 |  | $ | 79 |  | $ | 58 |  |
|    Written premium adjustment – statutory                                                                                                                                                                                                                                                                                                                               | — |  | — |  | — |  | — |  | — |  |
|    Reported written premiums – statutory                                                                                                                                                                                                                                                                                                                                | 153 |  | 128 |  | 105 |  | 79 |  | 58 |  |
|    Unearned premium change                                                                                                                                                                                                                                                                                                                                                    | (5 | ) | (12 | ) | (12 | ) | (9 | ) | (9 | ) |
|    Earned premiums (GAAP)                                                                                                                                                                                                                                                                                                                                                     | $ | 148 |  | $ | 116 |  | $ | 93 |  | $ | 70 |  | $ | 49 |  |
|                                                                                                                                                                                                                                                                                                                                                                                         |   |   |   |   |   |
| Year-over-year growth rate:                                                                                                                                                                                                                                                                                                                                                                  |   |   |   |   |   |
|    Adjusted written premiums – statutory                                                                                                                                                                                                                                                                                                                                | 20 | % | 22 | % | 33 | % | 36 | % | 49 | % |
|    Written premiums – statutory                                                                                                                                                                                                                                                                                                                                         | 20 | % | 22 | % | 33 | % | 36 | % | 49 | % |
|    Earned premiums                                                                                                                                                                                                                                                                                                                                                            | 28 | % | 25 | % | 33 | % | 43 | % | 81 | % |
|                                                                                                                                                                                                                                                                                                                                                                                         |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                         |   |   |   |   |   |
| Statutory combined ratio*                                                                                                                                                                                                                                                                                                                                                                    |   |   |   |   |   |
|    Reported combined ratio                                                                                                                                                                                                                                                                                                                                                    | 81.8 | % | 87.8 | % | 100.8 | % | 90.8 | % | 118.9 | % |
|    Less catastrophe losses                                                                                                                                                                                                                                                                                                                                                    | 2.0 |  | 0.8 |  | 2.2 |  | 2.2 |  | 1.2 |  |
|    Combined ratio excluding catastrophe losses                                                                                                                                                                                                                                                                                                                                | 79.8 | % | 87.0 | % | 98.6 | % | 88.6 | % | 117.7 | % |
|                                                                                                                                                                                                                                                                                                                                                                                         |   |   |   |   |   |
| GAAP combined ratio                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |
|    GAAP combined ratio                                                                                                                                                                                                                                                                                                                                                        | 79.4 | % | 87.8 | % | 101.0 | % | 92.2 | % | 117.2 | % |
| Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts. nm - Not meaningful * Statutory data prepared in accordance with statutory accounting rules as defined by the National Association of Insurance Commissioners and filed with the appropriate     regulatory bodies. |

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|                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Consolidated Cincinnati Insurance Companies                                                                                                                                                                                                                                                                                                                                                                                                                            |
| Quarterly Property Casualty Data - Consolidated                                                                                                                                                                                                                                                                                                                                                                                                                        |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (Dollars in millions)                                                                                                                                                                                                                                                                                                                                                                                                                                                  | Three months ended | Six months ended | Nine months ended | Twelve months ended |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | 12/31/14 | 9/30/14 | 6/30/14 | 3/31/14 | 12/31/13 | 9/30/13 | 6/30/13 | 3/31/13 | 6/30/14 | 6/30/13 | 9/30/14 | 9/30/13 | 12/31/14 | 12/31/13 |
| Premiums                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Agency renewal written premiums                                                                                                                                                                                                                                                                                                                                                                                                                      | $ | 906 |  | $ | 958 |  | $ | 974 |  | $ | 956 |  | $ | 854 |  | $ | 915 |  | $ | 879 |  | $ | 845 |  | $ | 1,930 |  | $ | 1,724 |  | $ | 2,888 |  | $ | 2,639 |  | $ | 3,794 |  | $ | 3,493 |  |
|    Agency new business written premiums                                                                                                                                                                                                                                                                                                                                                                                                                 | 122 |  | 125 |  | 133 |  | 123 |  | 128 |  | 141 |  | 139 |  | 135 |  | 256 |  | 274 |  | 381 |  | 415 |  | 503 |  | 543 |  |
|    Other written premiums                                                                                                                                                                                                                                                                                                                                                                                                                               | (41 | ) | (46 | ) | (25 | ) | (42 | ) | (74 | ) | (25 | ) | (34 | ) | (10 | ) | (67 | ) | (44 | ) | (113 | ) | (69 | ) | (154 | ) | (143 | ) |
|    Reported written premiums – statutory*                                                                                                                                                                                                                                                                                                                                                                                                         | $ | 987 |  | $ | 1,037 |  | $ | 1,082 |  | $ | 1,037 |  | $ | 908 |  | $ | 1,031 |  | $ | 984 |  | $ | 970 |  | $ | 2,119 |  | $ | 1,954 |  | $ | 3,156 |  | $ | 2,985 |  | $ | 4,143 |  | $ | 3,893 |  |
|    Unearned premium change                                                                                                                                                                                                                                                                                                                                                                                                                              | 48 |  | (12 | ) | (76 | ) | (58 | ) | 52 |  | (77 | ) | (74 | ) | (81 | ) | (134 | ) | (155 | ) | (146 | ) | (232 | ) | (98 | ) | (180 | ) |
|    Earned premiums                                                                                                                                                                                                                                                                                                                                                                                                                                      | $ | 1,035 |  | $ | 1,025 |  | $ | 1,006 |  | $ | 979 |  | $ | 960 |  | $ | 954 |  | $ | 910 |  | $ | 889 |  | $ | 1,985 |  | $ | 1,799 |  | $ | 3,010 |  | $ | 2,753 |  | $ | 4,045 |  | $ | 3,713 |  |
| Year over year change %                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Agency renewal written premiums                                                                                                                                                                                                                                                                                                                                                                                                                      | 6 |  % | 5 |  % | 11 |  % | 13 |  % | 11 |  % | 13 | % | 10 |  % | 11 | % | 12 |  % | 11 | % | 9 |  % | 11 | % | 9 |  % | 11 | % |
|    Agency new business written premiums                                                                                                                                                                                                                                                                                                                                                                                                                 | (5 | ) | (11 | ) | (4 | ) | (9 | ) | (3 | ) | 8 |  | 6 |  | 25 |  | (7 | ) | 15 |  | (8 | ) | 12 |  | (7 | ) | 8 |  |
|    Other written premiums                                                                                                                                                                                                                                                                                                                                                                                                                               | 45 |  | (84 | ) | 26 |  | (320 | ) | (12 | ) | 34 |  | (31 | ) | 63 |  | (52 | ) | 17 |  | (64 | ) | 24 |  | (8 | ) | 9 |  |
|    Reported written premiums – statutory*                                                                                                                                                                                                                                                                                                                                                                                                         | 9 |  | 1 |  | 10 |  | 7 |  | 8 |  | 15 |  | 9 |  | 15 |  | 8 |  | 12 |  | 6 |  | 13 |  | 6 |  | 12 |  |
| Paid losses and loss expenses                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Losses paid                                                                                                                                                                                                                                                                                                                                                                                                                                          | $ | 478 |  | $ | 543 |  | $ | 517 |  | $ | 484 |  | $ | 477 |  | $ | 470 |  | $ | 431 |  | $ | 424 |  | $ | 1,001 |  | $ | 855 |  | $ | 1,543 |  | $ | 1,325 |  | $ | 2,021 |  | $ | 1,802 |  |
|    Loss expenses paid                                                                                                                                                                                                                                                                                                                                                                                                                                   | 98 |  | 96 |  | 98 |  | 100 |  | 98 |  | 92 |  | 90 |  | 89 |  | 198 |  | 179 |  | 295 |  | 271 |  | 392 |  | 369 |  |
|    Loss and loss expenses paid                                                                                                                                                                                                                                                                                                                                                                                                                          | $ | 576 |  | $ | 639 |  | $ | 615 |  | $ | 584 |  | $ | 575 |  | $ | 562 |  | $ | 521 |  | $ | 513 |  | $ | 1,199 |  | $ | 1,034 |  | $ | 1,838 |  | $ | 1,596 |  | $ | 2,413 |  | $ | 2,171 |  |
| Statutory combined ratio                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Loss ratio                                                                                                                                                                                                                                                                                                                                                                                                                                           | 49.0 |  % | 50.0 |  % | 60.7 |  % | 57.9 |  % | 51.6 |  % | 51.7 | % | 56.3 |  % | 48.9 | % | 59.4 |  % | 52.7 | % | 56.2 |  % | 52.3 | % | 54.4 |  % | 52.1 | % |
|    DCC expense ratio                                                                                                                                                                                                                                                                                                                                                                                                                                    | 5.7 |  | 5.1 |  | 3.9 |  | 5.2 |  | 4.7 |  | 4.4 |  | 1.1 |  | 3.9 |  | 4.5 |  | 2.4 |  | 4.7 |  | 3.1 |  | 5.0 |  | 3.5 |  |
|    AO expense ratio                                                                                                                                                                                                                                                                                                                                                                                                                                     | 5.4 |  | 5.6 |  | 5.6 |  | 6.0 |  | 6.3 |  | 6.1 |  | 6.6 |  | 6.2 |  | 5.8 |  | 6.4 |  | 5.7 |  | 6.3 |  | 5.6 |  | 6.3 |  |
|    Net underwriting expense ratio                                                                                                                                                                                                                                                                                                                                                                                                                       | 31.7 |  | 30.6 |  | 29.4 |  | 29.0 |  | 32.8 |  | 30.1 |  | 30.6 |  | 29.9 |  | 29.2 |  | 30.3 |  | 29.7 |  | 30.3 |  | 30.1 |  | 30.8 |  |
|    Statutory combined ratio                                                                                                                                                                                                                                                                                                                                                                                                                             | 91.8 |  % | 91.3 |  % | 99.6 |  % | 98.1 |  % | 95.4 |  % | 92.3 | % | 94.6 |  % | 88.9 | % | 98.9 |  % | 91.8 | % | 96.3 |  % | 92.0 | % | 95.1 |  % | 92.7 | % |
|    Contribution from catastrophe losses                                                                                                                                                                                                                                                                                                                                                                                                                 | (0.9 | ) | 1.2 |  | 11.4 |  | 8.9 |  | 3.2 |  | 5.7 |  | 8.3 |  | 1.2 |  | 10.2 |  | 4.8 |  | 7.1 |  | 5.1 |  | 5.1 |  | 4.6 |  |
|    Statutory combined ratio excl. catastrophe losses                                                                                                                                                                                                                                                                                                                                                                                                    | 92.7 |  % | 90.1 |  % | 88.2 |  % | 89.2 |  % | 92.2 |  % | 86.6 | % | 86.3 |  % | 87.7 | % | 88.7 |  % | 87.0 | % | 89.2 |  % | 86.9 | % | 90.0 |  % | 88.1 | % |
|    Commission expense ratio                                                                                                                                                                                                                                                                                                                                                                                                                             | 19.2 |  % | 18.9 |  % | 17.9 |  % | 17.7 |  % | 19.5 |  % | 18.5 | % | 18.5 |  % | 17.9 | % | 17.8 |  % | 18.2 | % | 18.1 |  % | 18.3 | % | 18.4 |  % | 18.6 | % |
|    Other expense ratio                                                                                                                                                                                                                                                                                                                                                                                                                                  | 12.5 |  | 11.7 |  | 11.5 |  | 11.3 |  | 13.3 |  | 11.6 |  | 12.1 |  | 12.0 |  | 11.4 |  | 12.1 |  | 11.6 |  | 12.0 |  | 11.7 |  | 12.2 |  |
|    Statutory expense ratio                                                                                                                                                                                                                                                                                                                                                                                                                              | 31.7 |  % | 30.6 |  % | 29.4 |  % | 29.0 |  % | 32.8 |  % | 30.1 | % | 30.6 |  % | 29.9 | % | 29.2 |  % | 30.3 | % | 29.7 |  % | 30.3 | % | 30.1 |  % | 30.8 | % |
| GAAP combined ratio                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    GAAP combined ratio                                                                                                                                                                                                                                                                                                                                                                                                                                  | 90.4 |  % | 91.0 |  % | 100.9 |  % | 100.3 |  % | 93.9 |  % | 93.7 | % | 96.4 |  % | 91.2 | % | 100.6 |  % | 93.9 | % | 97.3 |  % | 93.8 | % | 95.6 |  % | 93.8 | % |
|    Contribution from catastrophe losses                                                                                                                                                                                                                                                                                                                                                                                                                 | (0.9 | ) | 1.2 |  | 11.4 |  | 8.9 |  | 3.2 |  | 5.7 |  | 8.3 |  | 1.2 |  | 10.2 |  | 4.8 |  | 7.1 |  | 5.1 |  | 5.1 |  | 4.6 |  |
|    GAAP combined ratio excl. catastrophe losses                                                                                                                                                                                                                                                                                                                                                                                                         | 91.3 |  % | 89.8 |  % | 89.5 |  % | 91.4 |  % | 90.7 |  % | 88.0 | % | 88.1 |  % | 90.0 | % | 90.4 |  % | 89.1 | % | 90.2 |  % | 88.7 | % | 90.5 |  % | 89.2 | % |
| *Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts. The sum of quarterly amounts may not  equal the full year as each is computed independently. *nm - Not meaningful*Statutory data prepared in accordance with statutory accounting rules as defined by the National Association of Insurance Commissioners and filed with the appropriate regulatory bodies. |

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|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Consolidated Cincinnati Insurance Companies                                                                                                                                                                                                                                                                                                                                                                                                                            |
| Quarterly Property Casualty Data - Commercial Lines                                                                                                                                                                                                                                                                                                                                                                                                                    |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (Dollars in millions)                                                                                                                                                                                                                                                                                                                                                                                                                                                  | Three months ended | Six months ended | Nine months ended | Twelve months ended |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | 12/31/14 | 9/30/14 | 6/30/14 | 3/31/14 | 12/31/13 | 9/30/13 | 6/30/13 | 3/31/13 | 6/30/14 | 6/30/13 | 9/30/14 | 9/30/13 | 12/31/14 | 12/31/13 |
| Premiums                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Agency renewal written premiums                                                                                                                                                                                                                                                                                                                                                                                                                      | $ | 645 |  | $ | 651 |  | $ | 669 |  | $ | 713 |  | $ | 606 |  | $ | 632 |  | $ | 602 |  | $ | 631 |  | $ | 1,382 |  | $ | 1,233 |  | $ | 2,033 |  | $ | 1,865 |  | $ | 2,678 |  | $ | 2,471 |  |
|    Agency new business written premiums                                                                                                                                                                                                                                                                                                                                                                                                                 | 86 |  | 89 |  | 95 |  | 90 |  | 92 |  | 102 |  | 100 |  | 97 |  | 185 |  | 197 |  | 274 |  | 299 |  | 360 |  | 391 |  |
|    Other written premiums                                                                                                                                                                                                                                                                                                                                                                                                                               | (32 | ) | (36 | ) | (16 | ) | (32 | ) | (63 | ) | (15 | ) | (24 | ) | — |  | (48 | ) | (24 | ) | (84 | ) | (39 | ) | (116 | ) | (102 | ) |
|    Reported written premiums – statutory*                                                                                                                                                                                                                                                                                                                                                                                                         | $ | 699 |  | $ | 704 |  | $ | 748 |  | $ | 771 |  | $ | 635 |  | $ | 719 |  | $ | 678 |  | $ | 728 |  | $ | 1,519 |  | $ | 1,406 |  | $ | 2,223 |  | $ | 2,125 |  | $ | 2,922 |  | $ | 2,760 |  |
|    Unearned premium change                                                                                                                                                                                                                                                                                                                                                                                                                              | 31 |  | 16 |  | (34 | ) | (79 | ) | 45 |  | (39 | ) | (33 | ) | (97 | ) | (113 | ) | (130 | ) | (97 | ) | (169 | ) | (66 | ) | (124 | ) |
|    Earned premiums                                                                                                                                                                                                                                                                                                                                                                                                                                      | $ | 730 |  | $ | 720 |  | $ | 714 |  | $ | 692 |  | $ | 680 |  | $ | 680 |  | $ | 645 |  | $ | 631 |  | $ | 1,406 |  | $ | 1,276 |  | $ | 2,126 |  | $ | 1,956 |  | $ | 2,856 |  | $ | 2,636 |  |
| Year over year change %                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Agency renewal written premiums                                                                                                                                                                                                                                                                                                                                                                                                                      | 6 |  % | 3 |  % | 11 |  % | 13 |  % | 10 |  % | 13 | % | 9 |  % | 11 | % | 12 |  % | 10 | % | 9 |  % | 11 | % | 8 |  % | 11 | % |
|    Agency new business written premiums                                                                                                                                                                                                                                                                                                                                                                                                                 | (7 | ) | (13 | ) | (4 | ) | (7 | ) | (4 | ) | 13 |  | 10 |  | 29 |  | (6 | ) | 19 |  | (8 | ) | 17 |  | (8 | ) | 11 |  |
|    Other written premiums                                                                                                                                                                                                                                                                                                                                                                                                                               | 49 |  | (140 | ) | 33 |  | nm |  | (11 | ) | 46 |  | (41 | ) | 100 |  | (100 | ) | 35 |  | (115 | ) | 40 |  | (14 | ) | 16 |  |
|    Reported written premiums – statutory*                                                                                                                                                                                                                                                                                                                                                                                                         | 10 |  | (2 | ) | 10 |  | 6 |  | 8 |  | 16 |  | 8 |  | 16 |  | 8 |  | 12 |  | 5 |  | 14 |  | 6 |  | 12 |  |
| Paid losses and loss expenses                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Losses paid                                                                                                                                                                                                                                                                                                                                                                                                                                          | $ | 325 |  | $ | 368 |  | $ | 347 |  | $ | 327 |  | $ | 327 |  | $ | 306 |  | $ | 286 |  | $ | 297 |  | $ | 674 |  | $ | 585 |  | $ | 1,041 |  | $ | 891 |  | $ | 1,366 |  | $ | 1,218 |  |
|    Loss expenses paid                                                                                                                                                                                                                                                                                                                                                                                                                                   | 75 |  | 74 |  | 75 |  | 76 |  | 75 |  | 70 |  | 68 |  | 68 |  | 151 |  | 135 |  | 226 |  | 205 |  | 300 |  | 280 |  |
|    Loss and loss expenses paid                                                                                                                                                                                                                                                                                                                                                                                                                          | $ | 400 |  | $ | 442 |  | $ | 422 |  | $ | 403 |  | $ | 402 |  | $ | 376 |  | $ | 354 |  | $ | 365 |  | $ | 825 |  | $ | 720 |  | $ | 1,267 |  | $ | 1,096 |  | $ | 1,666 |  | $ | 1,498 |  |
| Statutory combined ratio                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Loss ratio                                                                                                                                                                                                                                                                                                                                                                                                                                           | 49.9 |  % | 47.5 |  % | 54.7 |  % | 56.1 |  % | 48.8 |  % | 51.1 | % | 54.9 |  % | 47.3 | % | 55.4 |  % | 51.2 | % | 52.8 |  % | 51.2 | % | 52.0 |  % | 50.6 | % |
|    DCC expense ratio                                                                                                                                                                                                                                                                                                                                                                                                                                    | 6.9 |  | 6.2 |  | 4.6 |  | 6.4 |  | 5.3 |  | 5.1 |  | 0.6 |  | 4.3 |  | 5.5 |  | 2.5 |  | 5.7 |  | 3.4 |  | 6.1 |  | 3.9 |  |
|    AO expense ratio                                                                                                                                                                                                                                                                                                                                                                                                                                     | 5.5 |  | 5.7 |  | 5.2 |  | 5.4 |  | 6.3 |  | 5.7 |  | 6.4 |  | 6.2 |  | 5.3 |  | 6.2 |  | 5.4 |  | 6.0 |  | 5.4 |  | 6.1 |  |
|    Net underwriting expense ratio                                                                                                                                                                                                                                                                                                                                                                                                                       | 32.5 |  | 32.2 |  | 30.5 |  | 28.5 |  | 34.0 |  | 30.8 |  | 31.5 |  | 29.0 |  | 29.5 |  | 30.2 |  | 30.3 |  | 30.4 |  | 30.8 |  | 31.2 |  |
|    Statutory combined ratio                                                                                                                                                                                                                                                                                                                                                                                                                             | 94.8 |  % | 91.6 |  % | 95.0 |  % | 96.4 |  % | 94.4 |  % | 92.7 | % | 93.4 |  % | 86.8 | % | 95.7 |  % | 90.1 | % | 94.2 |  % | 91.0 | % | 94.3 |  % | 91.8 | % |
|    Contribution from catastrophe losses                                                                                                                                                                                                                                                                                                                                                                                                                 | (1.0 | ) | 1.0 |  | 8.6 |  | 8.5 |  | 1.7 |  | 5.4 |  | 7.1 |  | 0.4 |  | 8.5 |  | 3.8 |  | 6.0 |  | 4.4 |  | 4.3 |  | 3.7 |  |
|    Statutory combined ratio excl. catastrophe losses                                                                                                                                                                                                                                                                                                                                                                                                    | 95.8 |  % | 90.6 |  % | 86.4 |  % | 87.9 |  % | 92.7 |  % | 87.3 | % | 86.3 |  % | 86.4 | % | 87.2 |  % | 86.3 | % | 88.2 |  % | 86.6 | % | 90.0 |  % | 88.1 | % |
|    Commission expense ratio                                                                                                                                                                                                                                                                                                                                                                                                                             | 18.9 |  % | 19.0 |  % | 17.7 |  % | 16.4 |  % | 19.1 |  % | 18.0 | % | 17.9 |  % | 16.5 | % | 17.0 |  % | 17.2 | % | 17.7 |  % | 17.4 | % | 18.0 |  % | 17.8 | % |
|    Other expense ratio                                                                                                                                                                                                                                                                                                                                                                                                                                  | 13.6 |  | 13.2 |  | 12.8 |  | 12.1 |  | 14.9 |  | 12.8 |  | 13.6 |  | 12.5 |  | 12.5 |  | 13.0 |  | 12.6 |  | 13.0 |  | 12.8 |  | 13.5 |  |
|    Statutory expense ratio                                                                                                                                                                                                                                                                                                                                                                                                                              | 32.5 |  % | 32.2 |  % | 30.5 |  % | 28.5 |  % | 34.0 |  % | 30.8 | % | 31.5 |  % | 29.0 | % | 29.5 |  % | 30.2 | % | 30.3 |  % | 30.4 | % | 30.8 |  % | 31.3 | % |
| GAAP combined ratio                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    GAAP combined ratio                                                                                                                                                                                                                                                                                                                                                                                                                                  | 93.6 |  % | 90.7 |  % | 96.3 |  % | 99.9 |  % | 92.7 |  % | 93.7 | % | 94.9 |  % | 90.8 | % | 98.1 |  % | 92.9 | % | 95.6 |  % | 93.2 | % | 95.1 |  % | 93.0 | % |
|    Contribution from catastrophe losses                                                                                                                                                                                                                                                                                                                                                                                                                 | (1.0 | ) | 1.0 |  | 8.6 |  | 8.5 |  | 1.7 |  | 5.4 |  | 7.1 |  | 0.4 |  | 8.5 |  | 3.8 |  | 6.0 |  | 4.4 |  | 4.3 |  | 3.7 |  |
|    GAAP combined ratio excl. catastrophe losses                                                                                                                                                                                                                                                                                                                                                                                                         | 94.6 |  % | 89.7 |  % | 87.7 |  % | 91.4 |  % | 91.0 |  % | 88.3 | % | 87.8 |  % | 90.4 | % | 89.6 |  % | 89.1 | % | 89.6 |  % | 88.8 | % | 90.8 |  % | 89.3 | % |
| *Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts. The sum of quarterly amounts may not  equal the full year as each is computed independently. *nm - Not meaningful*Statutory data prepared in accordance with statutory accounting rules as defined by the National Association of Insurance Commissioners and filed with the appropriate regulatory bodies. |

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| Consolidated Cincinnati Insurance Companies                                                                                                                                                                                                                                                                                                                                                                                                                            |
| Quarterly Property Casualty Data - Personal Lines                                                                                                                                                                                                                                                                                                                                                                                                                      |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (Dollars in millions)                                                                                                                                                                                                                                                                                                                                                                                                                                                  | Three months ended | Six months ended | Nine months ended | Twelve months ended |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | 12/31/14 | 9/30/14 | 6/30/14 | 3/31/14 | 12/31/13 | 9/30/13 | 6/30/13 | 3/31/13 | 6/30/14 | 6/30/13 | 9/30/14 | 9/30/13 | 12/31/14 | 12/31/13 |
| Premiums                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Agency renewal written premiums                                                                                                                                                                                                                                                                                                                                                                                                                      | $ | 233 |  | $ | 278 |  | $ | 276 |  | $ | 218 |  | $ | 224 |  | $ | 258 |  | $ | 251 |  | $ | 195 |  | $ | 494 |  | $ | 446 |  | $ | 772 |  | $ | 704 |  | $ | 1,005 |  | $ | 928 |  |
|    Agency new business written premiums                                                                                                                                                                                                                                                                                                                                                                                                                 | 24 |  | 23 |  | 24 |  | 21 |  | 24 |  | 28 |  | 30 |  | 28 |  | 45 |  | 58 |  | 68 |  | 86 |  | 92 |  | 110 |  |
|    Other written premiums                                                                                                                                                                                                                                                                                                                                                                                                                               | (8 | ) | (7 | ) | (6 | ) | (8 | ) | (9 | ) | (8 | ) | (8 | ) | (8 | ) | (14 | ) | (16 | ) | (21 | ) | (24 | ) | (29 | ) | (33 | ) |
|    Reported written premiums – statutory*                                                                                                                                                                                                                                                                                                                                                                                                         | $ | 249 |  | $ | 294 |  | $ | 294 |  | $ | 231 |  | $ | 239 |  | $ | 278 |  | $ | 273 |  | $ | 215 |  | $ | 525 |  | $ | 488 |  | $ | 819 |  | $ | 766 |  | $ | 1,068 |  | $ | 1,005 |  |
|    Unearned premium change                                                                                                                                                                                                                                                                                                                                                                                                                              | 17 |  | (31 | ) | (36 | ) | 23 |  | 10 |  | (34 | ) | (36 | ) | 16 |  | (13 | ) | (20 | ) | (44 | ) | (54 | ) | (27 | ) | (44 | ) |
|    Earned premiums                                                                                                                                                                                                                                                                                                                                                                                                                                      | $ | 266 |  | $ | 263 |  | $ | 258 |  | $ | 254 |  | $ | 249 |  | $ | 244 |  | $ | 237 |  | $ | 231 |  | $ | 512 |  | $ | 468 |  | $ | 775 |  | $ | 712 |  | $ | 1,041 |  | $ | 961 |  |
| Year over year change %                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Agency renewal written premiums                                                                                                                                                                                                                                                                                                                                                                                                                      | 4 |  % | 8 |  % | 10 |  % | 12 |  % | 10 |  % | 12 |  % | 11 |  % | 11 |  % | 11 |  % | 11 |  % | 10 |  % | 11 |  % | 8 |  % | 11 |  % |
|    Agency new business written premiums                                                                                                                                                                                                                                                                                                                                                                                                                 | 0 |  | (18 | ) | (20 | ) | (25 | ) | (11 | ) | (10 | ) | 3 |  | 17 |  | (22 | ) | 9 |  | (21 | ) | 2 |  | (16 | ) | (1 | ) |
|    Other written premiums                                                                                                                                                                                                                                                                                                                                                                                                                               | 11 |  | 13 |  | 25 |  | 0 |  | (13 | ) | 11 |  | (33 | ) | (33 | ) | 13 |  | (33 | ) | 13 |  | (14 | ) | 12 |  | (14 | ) |
|    Reported written premiums – statutory*                                                                                                                                                                                                                                                                                                                                                                                                         | 4 |  | 6 |  | 8 |  | 7 |  | 8 |  | 10 |  | 9 |  | 11 |  | 8 |  | 10 |  | 7 |  | 10 |  | 6 |  | 9 |  |
| Paid losses and loss expenses                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Losses paid                                                                                                                                                                                                                                                                                                                                                                                                                                          | $ | 147 |  | $ | 170 |  | $ | 167 |  | $ | 152 |  | $ | 141 |  | $ | 158 |  | $ | 141 |  | $ | 122 |  | $ | 319 |  | $ | 261 |  | $ | 489 |  | $ | 419 |  | $ | 636 |  | $ | 560 |  |
|    Loss expenses paid                                                                                                                                                                                                                                                                                                                                                                                                                                   | 21 |  | 19 |  | 20 |  | 21 |  | 20 |  | 19 |  | 19 |  | 19 |  | 41 |  | 39 |  | 60 |  | 58 |  | 81 |  | 78 |  |
|    Loss and loss expenses paid                                                                                                                                                                                                                                                                                                                                                                                                                          | $ | 168 |  | $ | 189 |  | $ | 187 |  | $ | 173 |  | $ | 161 |  | $ | 177 |  | $ | 160 |  | $ | 141 |  | $ | 360 |  | $ | 300 |  | $ | 549 |  | $ | 477 |  | $ | 717 |  | $ | 638 |  |
| Statutory combined ratio                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Loss ratio                                                                                                                                                                                                                                                                                                                                                                                                                                           | 48.9 |  % | 60.5 |  % | 79.4 |  % | 64.8 |  % | 62.6 |  % | 54.1 |  % | 60.6 |  % | 53.6 |  % | 72.2 |  % | 57.2 |  % | 68.2 |  % | 56.0 |  % | 63.3 |  % | 57.8 |  % |
|    DCC expense ratio                                                                                                                                                                                                                                                                                                                                                                                                                                    | 1.8 |  | 1.4 |  | 1.6 |  | 1.6 |  | 1.9 |  | 2.1 |  | 1.5 |  | 1.4 |  | 1.6 |  | 1.5 |  | 1.5 |  | 1.7 |  | 1.6 |  | 1.7 |  |
|    AO expense ratio                                                                                                                                                                                                                                                                                                                                                                                                                                     | 5.1 |  | 5.5 |  | 6.7 |  | 7.7 |  | 6.9 |  | 7.5 |  | 7.4 |  | 6.3 |  | 7.2 |  | 6.8 |  | 6.6 |  | 7.1 |  | 6.2 |  | 7.0 |  |
|    Net underwriting expense ratio                                                                                                                                                                                                                                                                                                                                                                                                                       | 29.3 |  | 26.3 |  | 26.6 |  | 30.5 |  | 30.1 |  | 28.4 |  | 28.5 |  | 32.8 |  | 28.3 |  | 30.4 |  | 27.6 |  | 29.7 |  | 28.0 |  | 29.8 |  |
|    Statutory combined ratio                                                                                                                                                                                                                                                                                                                                                                                                                             | 85.1 |  % | 93.7 |  % | 114.3 |  % | 104.6 |  % | 101.5 |  % | 92.1 |  % | 98.0 |  % | 94.1 |  % | 109.3 |  % | 95.9 |  % | 103.9 |  % | 94.5 |  % | 99.1 |  % | 96.3 |  % |
|    Contribution from catastrophe losses                                                                                                                                                                                                                                                                                                                                                                                                                 | (1.4 | ) | 2.0 |  | 20.4 |  | 10.8 |  | 7.7 |  | 7.0 |  | 12.6 |  | 3.5 |  | 15.7 |  | 8.1 |  | 11.0 |  | 7.7 |  | 7.8 |  | 7.7 |  |
|    Statutory combined ratio excl. catastrophe losses                                                                                                                                                                                                                                                                                                                                                                                                    | 86.5 |  % | 91.7 |  % | 93.9 |  % | 93.8 |  % | 93.8 |  % | 85.1 |  % | 85.4 |  % | 90.6 |  % | 93.6 |  % | 87.8 |  % | 92.9 |  % | 86.8 |  % | 91.3 |  % | 88.6 |  % |
|    Commission expense ratio                                                                                                                                                                                                                                                                                                                                                                                                                             | 19.0 |  % | 17.0 |  % | 17.4 |  % | 20.5 |  % | 19.5 |  % | 19.0 |  % | 19.0 |  % | 21.7 |  % | 18.8 |  % | 20.2 |  % | 18.2 |  % | 19.7 |  % | 18.3 |  % | 19.7 |  % |
|    Other expense ratio                                                                                                                                                                                                                                                                                                                                                                                                                                  | 10.3 |  | 9.3 |  | 9.2 |  | 10.0 |  | 10.6 |  | 9.4 |  | 9.5 |  | 11.1 |  | 9.5 |  | 10.2 |  | 9.4 |  | 10.0 |  | 9.7 |  | 10.0 |  |
|    Statutory expense ratio                                                                                                                                                                                                                                                                                                                                                                                                                              | 29.3 |  % | 26.3 |  % | 26.6 |  % | 30.5 |  % | 30.1 |  % | 28.4 |  % | 28.5 |  % | 32.8 |  % | 28.3 |  % | 30.4 |  % | 27.6 |  % | 29.7 |  % | 28.0 |  % | 29.7 |  % |
| GAAP combined ratio                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    GAAP combined ratio                                                                                                                                                                                                                                                                                                                                                                                                                                  | 83.7 |  % | 95.0 |  % | 115.8 |  % | 103.0 |  % | 100.3 |  % | 94.5 |  % | 100.4 |  % | 91.6 |  % | 109.4 |  % | 96.1 |  % | 104.5 |  % | 95.5 |  % | 99.2 |  % | 96.8 |  % |
|    Contribution from catastrophe losses                                                                                                                                                                                                                                                                                                                                                                                                                 | (1.4 | ) | 2.0 |  | 20.4 |  | 10.8 |  | 7.7 |  | 7.0 |  | 12.6 |  | 3.5 |  | 15.7 |  | 8.1 |  | 11.0 |  | 7.7 |  | 7.8 |  | 7.7 |  |
|    GAAP combined ratio excl. catastrophe losses                                                                                                                                                                                                                                                                                                                                                                                                         | 85.1 |  % | 93.0 |  % | 95.4 |  % | 92.2 |  % | 92.6 |  % | 87.5 |  % | 87.8 |  % | 88.1 |  % | 93.7 |  % | 88.0 |  % | 93.5 |  % | 87.8 |  % | 91.4 |  % | 89.1 |  % |
| *Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts. The sum of quarterly amounts may not  equal the full year as each is computed independently. *nm - Not meaningful*Statutory data prepared in accordance with statutory accounting rules as defined by the National Association of Insurance Commissioners and filed with the appropriate regulatory bodies. |

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|                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Consolidated Cincinnati Insurance Companies                                                                                                                                                                                                                                                                                                                                                                                                                            |
| Quarterly Property Casualty Data - Excess & Surplus Lines                                                                                                                                                                                                                                                                                                                                                                                                          |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (Dollars in millions)                                                                                                                                                                                                                                                                                                                                                                                                                                                  | Three months ended | Six months ended | Nine months ended | Twelve months ended |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | 12/31/14 | 9/30/14 | 6/30/14 | 3/31/14 | 12/31/13 | 9/30/13 | 6/30/13 | 3/31/13 | 6/30/14 | 6/30/13 | 9/30/14 | 9/30/13 | 12/31/14 | 12/31/13 |
| Premiums                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Agency renewal written premiums                                                                                                                                                                                                                                                                                                                                                                                                                      | $ | 28 |  | $ | 29 |  | $ | 29 |  | $ | 25 |  | $ | 24 |  | $ | 25 |  | $ | 26 |  | $ | 19 |  | $ | 54 |  | $ | 45 |  | $ | 83 |  | $ | 70 |  | $ | 111 |  | $ | 94 |  |
|    Agency new business written premiums                                                                                                                                                                                                                                                                                                                                                                                                                 | 12 |  | 13 |  | 14 |  | 12 |  | 12 |  | 11 |  | 9 |  | 10 |  | 26 |  | 19 |  | 39 |  | 30 |  | 51 |  | 42 |  |
|    Other written premiums                                                                                                                                                                                                                                                                                                                                                                                                                               | (1 | ) | (3 | ) | (3 | ) | (2 | ) | (2 | ) | (2 | ) | (2 | ) | (2 | ) | (5 | ) | (4 | ) | (8 | ) | (6 | ) | (9 | ) | (8 | ) |
|    Reported written premiums – statutory*                                                                                                                                                                                                                                                                                                                                                                                                         | $ | 39 |  | $ | 39 |  | $ | 40 |  | $ | 35 |  | $ | 34 |  | $ | 34 |  | $ | 33 |  | $ | 27 |  | $ | 75 |  | $ | 60 |  | $ | 114 |  | $ | 94 |  | $ | 153 |  | $ | 128 |  |
|    Unearned premium change                                                                                                                                                                                                                                                                                                                                                                                                                              | — |  | 3 |  | (6 | ) | (2 | ) | (3 | ) | (4 | ) | (5 | ) | — |  | (8 | ) | (5 | ) | (5 | ) | (9 | ) | (5 | ) | (12 | ) |
|    Earned premiums                                                                                                                                                                                                                                                                                                                                                                                                                                      | $ | 39 |  | $ | 42 |  | $ | 34 |  | $ | 33 |  | $ | 31 |  | $ | 30 |  | $ | 28 |  | $ | 27 |  | $ | 67 |  | $ | 55 |  | $ | 109 |  | $ | 85 |  | $ | 148 |  | $ | 116 |  |
| Year over year change %                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Agency renewal written premiums                                                                                                                                                                                                                                                                                                                                                                                                                      | 17 | % | 16 |  % | 12 |  % | 32 | % | 26 |  % | 32 |  % | 37 |  % | 19 |  % | 20 |  % | 29 |  % | 19 |  % | 30 |  % | 18 |  % | 29 |  % |
|    Agency new business written premiums                                                                                                                                                                                                                                                                                                                                                                                                                 | 0 |  | 18 |  | 56 |  | 20 |  | 33 |  | 22 |  | (18 | ) | 11 |  | 37 |  | (5 | ) | 30 |  | 3 |  | 21 |  | 11 |  |
|    Other written premiums                                                                                                                                                                                                                                                                                                                                                                                                                               | 50 |  | (50 | ) | (50 | ) | 0 |  | (100 | ) | (100 | ) | 33 |  | (100 | ) | (25 | ) | 0 |  | (33 | ) | (20 | ) | (13 | ) | (33 | ) |
|    Reported written premiums – statutory*                                                                                                                                                                                                                                                                                                                                                                                                         | 15 |  | 15 |  | 21 |  | 30 |  | 26 |  | 26 |  | 22 |  | 13 |  | 25 |  | 18 |  | 21 |  | 21 |  | 20 |  | 22 |  |
| Paid losses and loss expenses                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Losses paid                                                                                                                                                                                                                                                                                                                                                                                                                                          | $ | 6 |  | $ | 5 |  | $ | 3 |  | $ | 5 |  | $ | 9 |  | $ | 6 |  | $ | 4 |  | $ | 5 |  | $ | 8 |  | $ | 9 |  | $ | 13 |  | $ | 15 |  | $ | 19 |  | $ | 24 |  |
|    Loss expenses paid                                                                                                                                                                                                                                                                                                                                                                                                                                   | 2 |  | 3 |  | 3 |  | 3 |  | 3 |  | 3 |  | 3 |  | 2 |  | 6 |  | 5 |  | 9 |  | 8 |  | 11 |  | 11 |  |
|    Loss and loss expenses paid                                                                                                                                                                                                                                                                                                                                                                                                                          | $ | 8 |  | $ | 8 |  | $ | 6 |  | $ | 8 |  | $ | 12 |  | $ | 9 |  | $ | 7 |  | $ | 7 |  | $ | 14 |  | $ | 14 |  | $ | 22 |  | $ | 23 |  | $ | 30 |  | $ | 35 |  |
| Statutory combined ratio                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Loss ratio                                                                                                                                                                                                                                                                                                                                                                                                                                           | 34.4 | % | 27.9 |  % | 46.6 |  % | 40.6 | % | 24.7 |  % | 43.5 |  % | 52.1 |  % | 47.2 |  % | 43.7 |  % | 49.7 |  % | 37.6 |  % | 47.4 |  % | 36.8 |  % | 41.3 |  % |
|    DCC expense ratio                                                                                                                                                                                                                                                                                                                                                                                                                                    | 7.4 |  | 9.5 |  | 6.5 |  | 8.4 |  | 12.1 |  | 7.0 |  | 9.3 |  | 11.9 |  | 7.4 |  | 10.6 |  | 8.2 |  | 9.4 |  | 8.0 |  | 10.1 |  |
|    AO expense ratio                                                                                                                                                                                                                                                                                                                                                                                                                                     | 7.2 |  | 4.4 |  | 3.9 |  | 7.6 |  | 4.2 |  | 5.5 |  | 5.5 |  | 6.1 |  | 5.7 |  | 5.8 |  | 5.2 |  | 5.7 |  | 5.7 |  | 5.3 |  |
|    Net underwriting expense ratio                                                                                                                                                                                                                                                                                                                                                                                                                       | 31.4 |  | 34.0 |  | 29.1 |  | 30.4 |  | 29.9 |  | 30.9 |  | 30.9 |  | 33.3 |  | 29.7 |  | 32.0 |  | 31.2 |  | 31.6 |  | 31.3 |  | 31.1 |  |
|    Statutory combined ratio                                                                                                                                                                                                                                                                                                                                                                                                                             | 80.4 | % | 75.8 |  % | 86.1 |  % | 87.0 | % | 70.9 |  % | 86.9 |  % | 97.8 |  % | 98.5 |  % | 86.5 |  % | 98.1 |  % | 82.2 |  % | 94.1 |  % | 81.8 |  % | 87.8 |  % |
|    Contribution from catastrophe losses                                                                                                                                                                                                                                                                                                                                                                                                                 | 3.0 |  | (0.6 | ) | 2.9 |  | 3.1 |  | (1.7 | ) | 2.5 |  | 1.9 |  | 0.4 |  | 3.0 |  | 1.2 |  | 1.6 |  | 1.7 |  | 2.0 |  | 0.8 |  |
|    Statutory combined ratio excl. catastrophe losses                                                                                                                                                                                                                                                                                                                                                                                                    | 77.4 | % | 76.4 |  % | 83.2 |  % | 83.9 | % | 72.6 |  % | 84.4 |  % | 95.9 |  % | 98.1 |  % | 83.5 |  % | 96.9 |  % | 80.6 |  % | 92.4 |  % | 79.8 |  % | 87.0 |  % |
|    Commission expense ratio                                                                                                                                                                                                                                                                                                                                                                                                                             | 26.6 | % | 29.1 |  % | 25.8 |  % | 26.5 | % | 25.9 |  % | 26.3 |  % | 26.3 |  % | 26.9 |  % | 26.1 |  % | 26.6 |  % | 27.2 |  % | 26.5 |  % | 27.0 |  % | 26.3 |  % |
|    Other expense ratio                                                                                                                                                                                                                                                                                                                                                                                                                                  | 4.8 |  | 4.9 |  | 3.3 |  | 3.9 |  | 4.0 |  | 4.6 |  | 4.6 |  | 6.4 |  | 3.6 |  | 5.4 |  | 4.0 |  | 5.1 |  | 4.3 |  | 4.8 |  |
|    Statutory expense ratio                                                                                                                                                                                                                                                                                                                                                                                                                              | 31.4 | % | 34.0 |  % | 29.1 |  % | 30.4 | % | 29.9 |  % | 30.9 |  % | 30.9 |  % | 33.3 |  % | 29.7 |  % | 32.0 |  % | 31.2 |  % | 31.6 |  % | 31.3 |  % | 31.1 |  % |
| GAAP combined ratio                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    GAAP combined ratio                                                                                                                                                                                                                                                                                                                                                                                                                                  | 77.8 | % | 70.2 |  % | 85.0 |  % | 86.9 | % | 70.4 |  % | 86.7 |  % | 98.7 |  % | 98.0 |  % | 85.9 |  % | 98.4 |  % | 79.9 |  % | 94.2 |  % | 79.4 |  % | 87.8 |  % |
|    Contribution from catastrophe losses                                                                                                                                                                                                                                                                                                                                                                                                                 | 3.0 |  | (0.6 | ) | 2.9 |  | 3.1 |  | (1.7 | ) | 2.5 |  | 1.9 |  | 0.4 |  | 3.0 |  | 1.2 |  | 1.6 |  | 1.7 |  | 2.0 |  | 0.8 |  |
|    GAAP combined ratio excl. catastrophe losses                                                                                                                                                                                                                                                                                                                                                                                                         | 74.8 | % | 70.8 |  % | 82.1 |  % | 83.8 | % | 72.1 |  % | 84.2 |  % | 96.8 |  % | 97.6 |  % | 82.9 |  % | 97.2 |  % | 78.3 |  % | 92.5 |  % | 77.4 |  % | 87.0 |  % |
| *Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts. The sum of quarterly amounts may not  equal the full year as each is computed independently. *nm - Not meaningful*Statutory data prepared in accordance with statutory accounting rules as defined by the National Association of Insurance Commissioners and filed with the appropriate regulatory bodies. |

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| The Cincinnati Life Insurance Company                                                                                                                                                                                                                                                                                  |
| Statutory Statements of Income                                                                                                                                                                                                                                                                                         |
|                                                                                                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                   | For the Three Months Ended December 31, | For the Twelve Months Ended December 31, |
| (Dollars in millions)                                                                                                                                                                                                                                                                                                  | 2014 | 2013 | Change | % Change | 2014 | 2013 | Change | % Change |
| Net premiums written                                                                                                                                                                                                                                                                                                   | $ | 62 |  | $ | 60 |  | $ | 2 |  | 3 |  | $ | 244 |  | $ | 235 |  | $ | 9 |  | 4 |  |
| Net investment income                                                                                                                                                                                                                                                                                                  | 37 |  | 36 |  | 1 |  | 3 |  | 148 |  | 143 |  | 5 |  | 3 |  |
| Amortization of interest maintenance reserve                                                                                                                                                                                                                                                                           | 2 |  | 1 |  | 1 |  | 100 |  | 5 |  | 2 |  | 3 |  | 150 |  |
| Commissions and expense allowances on reinsurance ceded                                                                                                                                                                                                                                                                | 2 |  | 2 |  | — |  | 0 |  | 6 |  | 6 |  | — |  | 0 |  |
| Income from fees associated with Separate Accounts                                                                                                                                                                                                                                                                     | 2 |  | 1 |  | 1 |  | 100 |  | 6 |  | 5 |  | 1 |  | 20 |  |
| Total revenues                                                                                                                                                                                                                                                                                                         | $ | 105 |  | $ | 100 |  | $ | 5 |  | 5 |  | $ | 409 |  | $ | 391 |  | $ | 18 |  | 5 |  |
|                                                                                                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |
| Death benefits and matured endowments                                                                                                                                                                                                                                                                                  | $ | 25 |  | $ | 19 |  | $ | 6 |  | 32 |  | $ | 98 |  | $ | 74 |  | $ | 24 |  | 32 |  |
| Annuity benefits                                                                                                                                                                                                                                                                                                       | 15 |  | 13 |  | 2 |  | 15 |  | 62 |  | 51 |  | 11 |  | 22 |  |
| Disability benefits and benefits under accident and health contracts                                                                                                                                                                                                                                                   | 1 |  | 1 |  | — |  | 0 |  | 2 |  | 2 |  | — |  | 0 |  |
| Surrender benefits and group conversions                                                                                                                                                                                                                                                                               | 5 |  | 4 |  | 1 |  | 25 |  | 22 |  | 22 |  | — |  | 0 |  |
| Interest and adjustments on deposit-type contract funds                                                                                                                                                                                                                                                                | 2 |  | 3 |  | (1 | ) | (33 | ) | 10 |  | 10 |  | — |  | 0 |  |
| Increase in aggregate reserves for life and accident and health contracts                                                                                                                                                                                                                                              | 41 |  | 42 |  | (1 | ) | (2 | ) | 169 |  | 180 |  | (11 | ) | (6 | ) |
| Payments on supplementary contracts with life contingencies                                                                                                                                                                                                                                                            | — |  | — |  | — |  | nm |  | — |  | — |  | — |  | nm |  |
| Total benefit expenses                                                                                                                                                                                                                                                                                                 | $ | 89 |  | $ | 82 |  | $ | 7 |  | 9 |  | $ | 363 |  | $ | 339 |  | $ | 24 |  | 7 |  |
|                                                                                                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |
| Commissions                                                                                                                                                                                                                                                                                                            | $ | 9 |  | $ | 10 |  | $ | (1 | ) | (10 | ) | $ | 37 |  | $ | 39 |  | $ | (2 | ) | (5 | ) |
| General insurance expenses and taxes                                                                                                                                                                                                                                                                                   | 10 |  | 10 |  | — |  | 0 |  | 40 |  | 43 |  | (3 | ) | (7 | ) |
| Increase in loading on deferred and uncollected premiums                                                                                                                                                                                                                                                               | (1 | ) | (3 | ) | 2 |  | (67 | ) | (5 | ) | (8 | ) | 3 |  | (38 | ) |
| Net transfers from Separate Accounts                                                                                                                                                                                                                                                                                   | — |  | — |  | — |  | nm |  | (6 | ) | — |  | (6 | ) | nm |  |
| Other deductions                                                                                                                                                                                                                                                                                                       | — |  | — |  | — |  | nm |  | — |  | — |  | — |  | nm |  |
| Total operating expenses                                                                                                                                                                                                                                                                                               | $ | 18 |  | $ | 17 |  | $ | 1 |  | 6 |  | $ | 66 |  | $ | 74 |  | $ | (8 | ) | (11 | ) |
|                                                                                                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |
| Federal and foreign income tax (benefit)                                                                                                                                                                                                                                                                               | (1 | ) | 3 |  | (4 | ) | nm |  | (7 | ) | (1 | ) | (6 | ) | 600 |  |
|                                                                                                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |
| Net loss from operations before realized capital gains                                                                                                                                                                                                                                                                 | $ | (1 | ) | $ | (2 | ) | $ | 1 |  | (50 | ) | $ | (13 | ) | $ | (21 | ) | $ | 8 |  | (38 | ) |
|                                                                                                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |
| Net realized gains net of capital gains tax                                                                                                                                                                                                                                                                            | (6 | ) | — |  | (6 | ) | nm |  | (6 | ) | 1 |  | (7 | ) | (700 | ) |
|                                                                                                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |
| Net loss (statutory)                                                                                                                                                                                                                                                                                                   | $ | (7 | ) | $ | (2 | ) | $ | (5 | ) | 250 |  | $ | (19 | ) | $ | (20 | ) | $ | 1 |  | (5 | ) |
| *Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. *nm - Not meaningful*Statutory data prepared in accordance with statutory accounting rules as defined by the National Association of Insurance Commissioners and filed with the   appropriate regulatory bodies. |