|  |  |                                                                                                                                                                                                                                                                                                                                   |  |  |  |  |  |  |
|--|--|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|--|--|--|--|--|
|  |  | The Cincinnati Insurance Company nThe Cincinnati Indemnity CompanyThe Cincinnati Casualty CompanynThe Cincinnati Specialty Underwriters Insurance CompanyThe Cincinnati Life Insurance CompanynCFC Investment CompanynCSU Producer Resources Inc.Cincinnati Global Underwriting Ltd. n Cincinnati Global Underwriting Agency Ltd. |

|                                                              |                                  |                                 |             |  |             |   |             |     |             |             |          |   |             |  |  |     |             |  |  |    |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------------------|----------------------------------|---------------------------------|-------------|--|-------------|---|-------------|-----|-------------|-------------|----------|---|-------------|--|--|-----|-------------|--|--|----|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| (Dollars in millions, except per share data)                 | Three months ended September 30, | Nine months ended September 30, |
|                                                              | 2023                             |                                 | 2022        |  | % Change    |   | 2023        |     | 2022        |             | % Change |
| Revenue Data                                                 |                                  |                                 |             |  |             |   |             |     |             |             |          |   |
|    Earned premiums                            |                             | $                               | 2,033  |  |             | $ | 1,884  |     |             | 8           |          | $ | 5,894  |  |  | $   | 5,350  |  |  | 10 |
|    Investment income, net of expenses         |                                  | 225                        |             |  | 193    |   |             | 17  |             | 655    |          |   | 573    |  |  | 14  |
|    Total revenues                             |                                  | 1,811                      |             |  | 1,410  |   |             | 28  |             | 6,657  |          |   | 3,448  |  |  | 93  |
| Income Statement Data                                        |                                  |                                 |             |  |             |   |             |     |             |             |          |   |
|    Net income (loss)                          |                             | $                               | (99)        |  |             | $ | (416)       |     |             | 76          |          | $ | 660    |  |  | $   | (1,500)     |  |  | nm |
|    Investment gains and losses, after-tax     |                                  | (360)                           |             |  | (532)       |   |             | 32  |             | 67     |          |   | (1,970)     |  |  | nm  |
|                                                              |                                  |                                 |             |  |             |   |             |     |             |             |          |   |
|    Non-GAAP operating income*                 |                             | $                               | 261    |  |             | $ | 116    |     |             | 125         |          | $ | 593    |  |  | $   | 470    |  |  | 26 |
| Per Share Data (diluted)                                     |                                  |                                 |             |  |             |   |             |     |             |             |          |   |
|    Net income (loss)                          |                             | $                               | (0.63)      |  |             | $ | (2.63)      |     |             | 76          |          | $ | 4.17   |  |  | $   | (9.42)      |  |  | nm |
|    Investment gains and losses, after-tax     |                                  | (2.29)                          |             |  | (3.37)      |   |             | 32  |             | 0.42   |          |   | (12.37)     |  |  | nm  |
|                                                              |                                  |                                 |             |  |             |   |             |     |             |             |          |   |
|    Non-GAAP operating income*                 |                             | $                               | 1.66   |  |             | $ | 0.74   |     |             | 124         |          | $ | 3.75   |  |  | $   | 2.95   |  |  | 27 |
|                                                              |                                  |                                 |             |  |             |   |             |     |             |             |          |   |
|    Book value                                 |                                  |                                 |             |  |             |   |             | $   | 67.72  |             |          | $ | 60.32  |  |  | 12  |
|    Cash dividend declared                     |                                  | $                               | 0.75   |  |             | $ | 0.69   |     |             | 9           |          | $ | 2.25   |  |  | $   | 2.07   |  |  | 9  |
|    Diluted weighted average share outstanding |                                  | 156.9                      |             |  | 158.0  |   |             | (1) |             | 158.2  |          |   | 159.3  |  |  | (1) |
|                                                              |                                  |                                 |             |  |             |   |             |     |             |             |          |   |

----

----

|                                                                                               |                                  |                                 |       |           |             |             |          |           |          |      |            |            |          |            |       |           |           |          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------------------------------------------------|----------------------------------|---------------------------------|-------|-----------|-------------|-------------|----------|-----------|----------|------|------------|------------|----------|------------|-------|-----------|-----------|----------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| (Dollars in millions)                                                                         | Three months ended September 30, | Nine months ended September 30, |
|                                                                                               |                                  | 2023                            |       | 2022      |             | % Change    |          | 2023      |          | 2022 |            | % Change   |
| Earned premiums                                                                               |                             | $                               | 1,957 |           | $           | 1,809       |          | 8    |          |      | $          | 5,661      |          | $          | 5,124 |           | 10   |          |
| Fee revenues                                                                                  |                                  | 3                               |       | 3         |             | 0      |          |           | 8        |      | 8          |            | 0   |            |
|    Total revenues                                                              |                                  | 1,960                           |       | 1,812     |             | 8      |          |           | 5,669    |      | 5,132      |            | 10  |            |
|                                                                                               |                                  |                                 |       |           |             |             |          |           |          |      |            |            |
| Loss and loss expenses                                                                        |                                  | 1,261                           |       | 1,348     |             | (6)         |          |           | 3,840    |      | 3,544      |            | 8   |            |
| Underwriting expenses                                                                         |                                  | 587                             |       | 530       |             | 11     |          |           | 1,680    |      | 1,541      |            | 9   |            |
|    Underwriting profit (loss)                                                  |                             | $                               | 112   |           | $           | (66)        |          | nm        |          | $    | 149        |            | $        | 47         |       | 217  |           |
|                                                                                               |                                  |                                 |       |           |             |             |          |           |          |      |            |            |
| Ratios as a percent of earned premiums:                                                   |                                  |                                 |       |           |             | Pt. Change  |          |           |          |      |            | Pt. Change |
|      Loss and loss expenses                                          |                                  | 64.4                       | %     |           | 74.5   | %           |          | (10.1)    |          |      | 67.8  | %          |          | 69.1  | %     |           | (1.3)     |          |
|      Underwriting expenses                                           |                                  | 30.0                       |       |           | 29.4   |             |          | 0.6  |          |      | 29.7  |            |          | 30.1  |       |           | (0.4)     |          |
|            Combined ratio              |                                  | 94.4                       | %     |           | 103.9  | %           |          | (9.5)     |          |      | 97.5  | %          |          | 99.2  | %     |           | (1.7)     |          |
|                                                                                               |                                  |                                 |       |           |             |             |          |           |          |      |            |            |
|                                                                                               |                                  |                                 |       |           |             | % Change    |          |           |          |      |            | % Change   |
| Agency renewal written premiums                                                               |                             | $                               | 1,549 |           | $           | 1,390  |          |           | 11  |      |            | $          | 4,727    |            | $     | 4,269     |           | 11  |  |
| Agency new business written premiums                                                          |                                  | 313                             |       | 264  |             |             | 19  |           |          | 867  |            | 794        |          | 9     |       |
|                                                                                               |                                  |                                 |       |           |             |             |          |           |          |      |            |            |
|                                                                                               |                                  |                                 |       |           |             |             |          |           |          |      |            |            |
| Other written premiums                                                                        |                                  | 95                              |       | 96   |             |             | (1)      |           |          | 532  |            | 550        |          | (3)        |       |
|    Net written premiums                                                        |                             | $                               | 1,957 |           | $           | 1,750  |          |           | 12  |      |            | $          | 6,126    |            | $     | 5,613     |           | 9   |  |
|                                                                                               |                                  |                                 |       |           |             |             |          |           |          |      |            |            |
| Ratios as a percent of earned premiums:                                                   |                                  |                                 |       |           |             | Pt. Change  |          |           |          |      |            | Pt. Change |
|      Current accident year before catastrophe losses                 |                                  | 57.7                       | %     |           | 61.7   | %           |          | (4.0)     |          |      | 59.7  | %          |          | 61.0  | %     |           | (1.3)     |          |
|      Current accident year catastrophe losses                        |                                  | 9.4                        |       |           | 15.2   |             |          | (5.8)     |          |      | 11.9  |            |          | 10.9  |       |           | 1.0  |          |
|      Prior accident years before catastrophe losses                  |                                  | (2.4)                           |       |           | (1.1)       |             |          | (1.3)     |          |      | (3.2)      |            |          | (1.4)      |       |           | (1.8)     |          |
|      Prior accident years catastrophe losses                         |                                  | (0.3)                           |       |           | (1.3)       |             |          | 1.0  |          |      | (0.6)      |            |          | (1.4)      |       |           | 0.8  |          |
|            Loss and loss expense ratio |                                  | 64.4                       | %     |           | 74.5   | %           |          | (10.1)    |          |      | 67.8  | %          |          | 69.1  | %     |           | (1.3)     |          |
|                                                                                               |                                  |                                 |       |           |             |             |          |           |          |      |            |            |
| Current accident year combined ratio before  catastrophe losses                     |                                  | 87.7                       | %     |           | 91.1   | %           |          | (3.4)     |          |      | 89.4  | %          |          | 91.1  | %     |           | (1.7)     |          |
|                                                                                               |                                  |                                 |       |           |             |             |          |           |          |      |            |            |

----

|                                                                                               |                                  |                                 |             |      |               |            |             |           |  |           |             |            |   |             |   |  |           |             |  |  |           |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------------------------------------------------|----------------------------------|---------------------------------|-------------|------|---------------|------------|-------------|-----------|--|-----------|-------------|------------|---|-------------|---|--|-----------|-------------|--|--|-----------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| (Dollars in millions)                                                                         | Three months ended September 30, | Nine months ended September 30, |
|                                                                                               |                                  | 2023                            |             | 2022 |               | % Change   |             | 2023      |  | 2022      |             | % Change   |
| Earned premiums                                                                               |                             | $                               | 1,062  |      |               | $          | 1,028  |           |  | 3    |             |            | $ | 3,184  |   |  | $         | 2,984  |  |  | 7    |  |
| Fee revenues                                                                                  |                                  | 1                          |             |      | 1        |            |             | 0    |  |           | 3      |            |   | 3      |   |  | 0    |             |
|    Total revenues                                                              |                                  | 1,063                      |             |      | 1,029    |            |             | 3    |  |           | 3,187  |            |   | 2,987  |   |  | 7    |             |
|                                                                                               |                                  |                                 |             |      |               |            |             |           |  |           |             |            |
| Loss and loss expenses                                                                        |                                  | 680                        |             |      | 710      |            |             | (4)       |  |           | 2,136  |            |   | 2,046  |   |  | 4    |             |
| Underwriting expenses                                                                         |                                  | 331                        |             |      | 308      |            |             | 7    |  |           | 968    |            |   | 916    |   |  | 6    |             |
|    Underwriting profit                                                         |                             | $                               | 52     |      |               | $          | 11     |           |  | 373  |             |            | $ | 83     |   |  | $         | 25     |  |  | 232  |  |
|                                                                                               |                                  |                                 |             |      |               |            |             |           |  |           |             |            |
| Ratios as a percent of earned premiums:                                                   |                                  |                                 |             |      |               | Pt. Change |             |           |  |           |             | Pt. Change |
|      Loss and loss expenses                                          |                                  | 64.0                       | %           |      | 69.0     | %          |             | (5.0)     |  |           | 67.1   | %          |   | 68.6   | % |  | (1.5)     |             |
|      Underwriting expenses                                           |                                  | 31.2                       |             |      | 30.0     |            |             | 1.2  |  |           | 30.4   |            |   | 30.7   |   |  | (0.3)     |             |
|            Combined ratio              |                                  | 95.2                       | %           |      | 99.0     | %          |             | (3.8)     |  |           | 97.5   | %          |   | 99.3   | % |  | (1.8)     |             |
|                                                                                               |                                  |                                 |             |      |               |            |             |           |  |           |             |            |
|                                                                                               |                                  |                                 |             |      |               | % Change   |             |           |  |           |             | % Change   |
| Agency renewal written premiums                                                               |                                  | $                               | 914    |      |               | $          | 860    |           |  | 6    |             |            | $ | 2,940  |   |  | $         | 2,764  |  |  | 6    |  |
| Agency new business written premiums                                                          |                                  | 148                        |             |      | 149      |            |             | (1)       |  |           | 431    |            |   | 470    |   |  | (8)       |             |
| Other written premiums                                                                        |                                  | (33)                            |             |      | (25)          |            |             | (32)      |  |           | (95)        |            |   | (82)        |   |  | (16)      |             |
|    Net written premiums                                                        |                                  | $                               | 1,029  |      |               | $          | 984    |           |  | 5    |             |            | $ | 3,276  |   |  | $         | 3,152  |  |  | 4    |  |
|                                                                                               |                                  |                                 |             |      |               |            |             |           |  |           |             |            |
| Ratios as a percent of earned premiums:                                                   |                                  |                                 |             |      |               | Pt. Change |             |           |  |           |             | Pt. Change |
|      Current accident year before catastrophe losses                 |                                  | 60.5                       | %           |      | 64.5     | %          |             | (4.0)     |  |           | 61.6   | %          |   | 63.5   | % |  | (1.9)     |             |
|      Current accident year catastrophe losses                        |                                  | 6.8                        |             |      | 4.9      |            |             | 1.9  |  |           | 9.5    |            |   | 6.8    |   |  | 2.7  |             |
|      Prior accident years before catastrophe losses                  |                                  | (3.2)                           |             |      | —  |            |             | (3.2)     |  |           | (3.9)       |            |   | (1.1)       |   |  | (2.8)     |             |
|      Prior accident years catastrophe losses                         |                                  | (0.1)                           |             |      | (0.4)         |            |             | 0.3  |  |           | (0.1)       |            |   | (0.6)       |   |  | 0.5  |             |
|            Loss and loss expense ratio |                                  | 64.0                       | %           |      | 69.0     | %          |             | (5.0)     |  |           | 67.1   | %          |   | 68.6   | % |  | (1.5)     |             |
|                                                                                               |                                  |                                 |             |      |               |            |             |           |  |           |             |            |
| Current accident year combined ratio before   catastrophe losses               |                                  | 91.7                       | %           |      | 94.5     | %          |             | (2.8)     |  |           | 92.0   | %          |   | 94.2   | % |  | (2.2)     |             |
|                                                                                               |                                  |                                 |             |      |               |            |             |           |  |           |             |            |

----

|                                                                                               |                                  |                                 |           |      |             |            |           |           |  |          |             |            |      |             |   |   |           |             |  |    |          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------------------------------------------------|----------------------------------|---------------------------------|-----------|------|-------------|------------|-----------|-----------|--|----------|-------------|------------|------|-------------|---|---|-----------|-------------|--|----|----------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| (Dollars in millions)                                                                         | Three months ended September 30, | Nine months ended September 30, |
|                                                                                               |                                  | 2023                            |           | 2022 |             | % Change   |           | 2023      |  | 2022     |             | % Change   |
| Earned premiums                                                                               |                             | $                               | 527  |      |             | $          | 431  |           |  | 22  |             |            | $    | 1,484  |   |   | $         | 1,246  |  |    | 19  |  |
| Fee revenues                                                                                  |                                  | 1                          |           |      | 1      |            |           | 0    |  |          | 3      |            |      | 3      |   |   | 0    |             |
|    Total revenues                                                              |                                  | 528                        |           |      | 432    |            |           | 22   |  |          | 1,487  |            |      | 1,249  |   |   | 19   |             |
|                                                                                               |                                  |                                 |           |      |             |            |           |           |  |          |             |            |
| Loss and loss expenses                                                                        |                                  | 368                        |           |      | 324    |            |           | 14   |  |          | 1,138  |            |      | 878    |   |   | 30   |             |
| Underwriting expenses                                                                         |                                  | 159                        |           |      | 126    |            |           | 26   |  |          | 441    |            |      | 373    |   |   | 18   |             |
|    Underwriting profit (loss)                                                  |                             | $                               | 1    |      |             | $          | (18)      |           |  | nm       |             | $          | (92) |             |   | $ | (2)       |             |  | nm |
|                                                                                               |                                  |                                 |           |      |             |            |           |           |  |          |             |            |
| Ratios as a percent of earned premiums:                                                   |                                  |                                 |           |      |             | Pt. Change |           |           |  |          |             | Pt. Change |
|      Loss and loss expenses                                          |                                  | 69.8                       | %         |      | 75.2   | %          |           | (5.4)     |  |          | 76.7   | %          |      | 70.5   | % |   | 6.2  |             |
|      Underwriting expenses                                           |                                  | 30.1                       |           |      | 29.3   |            |           | 0.8  |  |          | 29.7   |            |      | 29.9   |   |   | (0.2)     |             |
|            Combined ratio              |                                  | 99.9                       | %         |      | 104.5  | %          |           | (4.6)     |  |          | 106.4  | %          |      | 100.4  | % |   | 6.0  |             |
|                                                                                               |                                  |                                 |           |      |             |            |           |           |  |          |             |            |
|                                                                                               |                                  |                                 |           |      |             | % Change   |           |           |  |          |             | % Change   |
| Agency renewal written premiums                                                               |                                  | $                               | 542  |      |             | $          | 437  |           |  | 24  |             |            | $    | 1,471  |   |   | $         | 1,208  |  |    | 22  |  |
| Agency new business written premiums                                                          |                                  | 122                        |           |      | 81     |            |           | 51   |  |          | 307    |            |      | 221    |   |   | 39   |             |
| Other written premiums                                                                        |                                  | (18)                            |           |      | (16)        |            |           | (13)      |  |          | (55)        |            |      | (43)        |   |   | (28)      |             |
|    Net written premiums                                                        |                             | $                               | 646  |      |             | $          | 502  |           |  | 29  |             |            | $    | 1,723  |   |   | $         | 1,386  |  |    | 24  |  |
|                                                                                               |                                  |                                 |           |      |             |            |           |           |  |          |             |            |
| Ratios as a percent of earned premiums:                                                   |                                  |                                 |           |      |             | Pt. Change |           |           |  |          |             | Pt. Change |
|      Current accident year before catastrophe losses                 |                                  | 56.3                       | %         |      | 59.5   | %          |           | (3.2)     |  |          | 58.3   | %          |      | 59.4   | % |   | (1.1)     |             |
|      Current accident year catastrophe losses                        |                                  | 15.1                       |           |      | 17.7   |            |           | (2.6)     |  |          | 22.0   |            |      | 15.6   |   |   | 6.4  |             |
|      Prior accident years before catastrophe losses                  |                                  | (0.4)                           |           |      | (0.2)       |            |           | (0.2)     |  |          | (0.8)       |            |      | (1.3)       |   |   | 0.5  |             |
|      Prior accident years catastrophe losses                         |                                  | (1.2)                           |           |      | (1.8)       |            |           | 0.6  |  |          | (2.8)       |            |      | (3.2)       |   |   | 0.4  |             |
|            Loss and loss expense ratio |                                  | 69.8                       | %         |      | 75.2   | %          |           | (5.4)     |  |          | 76.7   | %          |      | 70.5   | % |   | 6.2  |             |
|                                                                                               |                                  |                                 |           |      |             |            |           |           |  |          |             |            |
| Current accident year combined ratio before   catastrophe losses               |                                  | 86.4                       | %         |      | 88.8   | %          |           | (2.4)     |  |          | 88.0   | %          |      | 89.3   | % |   | (1.3)     |             |
|                                                                                               |                                  |                                 |           |      |             |            |           |           |  |          |             |            |

----

|                                                                                               |                                  |                                 |           |      |             |            |           |           |  |          |            |            |   |            |   |  |           |           |  |  |          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------------------------------------------------|----------------------------------|---------------------------------|-----------|------|-------------|------------|-----------|-----------|--|----------|------------|------------|---|------------|---|--|-----------|-----------|--|--|----------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| (Dollars in millions)                                                                         | Three months ended September 30, | Nine months ended September 30, |
|                                                                                               |                                  | 2023                            |           | 2022 |             | % Change   |           | 2023      |  | 2022     |            | % Change   |
| Earned premiums                                                                               |                                  | $                               | 135  |      |             | $          | 125  |           |  | 8   |            |            | $ | 394   |   |  | $         | 361  |  |  | 9   |  |
| Fee revenues                                                                                  |                                  | 1                          |           |      | 1      |            |           | 0    |  |          | 2     |            |   | 2     |   |  | 0    |           |
|    Total revenues                                                              |                                  | 136                        |           |      | 126    |            |           | 8    |  |          | 396   |            |   | 363   |   |  | 9    |           |
|                                                                                               |                                  |                                 |           |      |             |            |           |           |  |          |            |            |
| Loss and loss expenses                                                                        |                                  | 87                         |           |      | 86     |            |           | 1    |  |          | 257   |            |   | 226   |   |  | 14   |           |
| Underwriting expenses                                                                         |                                  | 35                         |           |      | 31     |            |           | 13   |  |          | 101   |            |   | 93    |   |  | 9    |           |
|    Underwriting profit                                                         |                                  | $                               | 14   |      |             | $          | 9    |           |  | 56  |            |            | $ | 38    |   |  | $         | 44   |  |  | (14)     |  |
|                                                                                               |                                  |                                 |           |      |             |            |           |           |  |          |            |            |
| Ratios as a percent of earned premiums:                                                   |                                  |                                 |           |      |             | Pt. Change |           |           |  |          |            | Pt. Change |
|      Loss and loss expenses                                          |                                  | 64.9                       | %         |      | 68.4   | %          |           | (3.5)     |  |          | 65.2  | %          |   | 62.4  | % |  | 2.8  |           |
|      Underwriting expenses                                           |                                  | 25.6                       |           |      | 25.5   |            |           | 0.1  |  |          | 25.7  |            |   | 26.0  |   |  | (0.3)     |           |
|            Combined ratio              |                                  | 90.5                       | %         |      | 93.9   | %          |           | (3.4)     |  |          | 90.9  | %          |   | 88.4  | % |  | 2.5  |           |
|                                                                                               |                                  |                                 |           |      |             |            |           |           |  |          |            |            |
|                                                                                               |                                  |                                 |           |      |             | % Change   |           |           |  |          |            | % Change   |
| Agency renewal written premiums                                                               |                             | $                               | 93   |      |             | $          | 93   |           |  | 0   |            |            | $ | 316   |   |  | $         | 297  |  |  | 6   |  |
| Agency new business written premiums                                                          |                                  | 43                         |           |      | 34     |            |           | 26   |  |          | 129   |            |   | 103   |   |  | 25   |           |
| Other written premiums                                                                        |                                  | (8)                             |           |      | (6)         |            |           | (33)      |  |          | (25)       |            |   | (20)       |   |  | (25)      |           |
|    Net written premiums                                                        |                             | $                               | 128  |      |             | $          | 121  |           |  | 6   |            |            | $ | 420   |   |  | $         | 380  |  |  | 11  |  |
|                                                                                               |                                  |                                 |           |      |             |            |           |           |  |          |            |            |
| Ratios as a percent of earned premiums:                                                   |                                  |                                 |           |      |             | Pt. Change |           |           |  |          |            | Pt. Change |
|      Current accident year before catastrophe losses                 |                                  | 64.8                       | %         |      | 74.8   | %          |           | (10.0)    |  |          | 67.9  | %          |   | 65.4  | % |  | 2.5  |           |
|      Current accident year catastrophe losses                        |                                  | (0.6)                           |           |      | (0.4)       |            |           | (0.2)     |  |          | 0.8   |            |   | 0.8   |   |  | 0.0  |           |
|      Prior accident years before catastrophe losses                  |                                  | 0.9                        |           |      | (5.9)       |            |           | 6.8  |  |          | (3.3)      |            |   | (3.6)      |   |  | 0.3  |           |
|      Prior accident years catastrophe losses                         |                                  | (0.2)                           |           |      | (0.1)       |            |           | (0.1)     |  |          | (0.2)      |            |   | (0.2)      |   |  | 0.0  |           |
|            Loss and loss expense ratio |                                  | 64.9                       | %         |      | 68.4   | %          |           | (3.5)     |  |          | 65.2  | %          |   | 62.4  | % |  | 2.8  |           |
|                                                                                               |                                  |                                 |           |      |             |            |           |           |  |          |            |            |
| Current accident year combined ratio before   catastrophe losses               |                                  | 90.4                       | %         |      | 100.3  | %          |           | (9.9)     |  |          | 93.6  | %          |   | 91.4  | % |  | 2.2  |           |
|                                                                                               |                                  |                                 |           |      |             |            |           |           |  |          |            |            |

----

|                                                     |                                  |                                 |          |  |           |   |          |           |      |         |           |  |   |           |  |  |           |           |  |  |          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------|----------------------------------|---------------------------------|----------|--|-----------|---|----------|-----------|------|---------|-----------|--|---|-----------|--|--|-----------|-----------|--|--|----------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| (Dollars in millions)                               | Three months ended September 30, | Nine months ended September 30, |
|                                                     | 2023                             |                                 | 2022     |  | % Change  |   | 2023     |           | 2022 |         | % Change  |
| Term life insurance                                 |                                  | $                               | 56  |  |           | $ | 55  |           |      | 2  |           |  | $ | 170  |  |  | $         | 165  |  |  | 3   |  |
| Whole life insurance                                |                                  | 12                         |          |  | 11   |   |          | 9    |      |         | 37   |  |   | 34   |  |  | 9    |           |
| Universal life and other                            |                                  | 8                          |          |  | 9    |   |          | (11)      |      |         | 26   |  |   | 27   |  |  | (4)       |           |
|     Earned premiums             |                                  | 76                         |          |  | 75   |   |          | 1    |      |         | 233  |  |   | 226  |  |  | 3    |           |
| Investment income, net of expenses                  |                                  | 46                         |          |  | 43   |   |          | 7    |      |         | 137  |  |   | 127  |  |  | 8    |           |
| Investment gains and losses, net                    |                                  | —                    |          |  | (1)       |   |          | 100  |      |         | (1)       |  |   | (1)       |  |  | 0    |           |
| Fee revenues                                        |                                  | 3                          |          |  | 2    |   |          | 50   |      |         | 8    |  |   | 4    |  |  | 100  |           |
| Total revenues                                      |                                  | 125                        |          |  | 119  |   |          | 5    |      |         | 377  |  |   | 356  |  |  | 6    |           |
| Contract holders’ benefits incurred           |                                  | 71                         |          |  | 70   |   |          | 1    |      |         | 230  |  |   | 228  |  |  | 1    |           |
| Underwriting expenses incurred                      |                                  | 22                         |          |  | 21   |   |          | 5    |      |         | 64   |  |   | 63   |  |  | 2    |           |
|     Total benefits and expenses |                                  | 93                         |          |  | 91   |   |          | 2    |      |         | 294  |  |   | 291  |  |  | 1    |           |
| Net income before income tax                        |                                  | 32                         |          |  | 28   |   |          | 14   |      |         | 83   |  |   | 65   |  |  | 28   |           |
| Income tax provision                                |                                  | 7                          |          |  | 5    |   |          | 40   |      |         | 18   |  |   | 14   |  |  | 29   |           |
| Net income of the life insurance subsidiary         |                                  | $                               | 25  |  |           | $ | 23  |           |      | 9  |           |  | $ | 65   |  |  | $         | 51   |  |  | 27  |  |
|                                                     |                                  |                                 |          |  |           |   |          |           |      |         |           |  |

----

|                                                                                |      |                                  |                                 |  |            |   |              |          |      |            |           |   |              |           |  |   |              |           |  |  |          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------------------------------------|------|----------------------------------|---------------------------------|--|------------|---|--------------|----------|------|------------|-----------|---|--------------|-----------|--|---|--------------|-----------|--|--|----------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| (Dollars in millions)                                                          |      | Three months ended September 30, | Nine months ended September 30, |
|                                                                                | 2023 |                                  | 2022                            |  | % Change   |   | 2023         |          | 2022 |            | % Change  |
| Investment income, net of expenses                                             |      | $                                | 225                        |  |            | $ | 193     |          |      | 17    |           |   | $            | 655  |  |   | $            | 573  |  |  | 14  |  |
| Investment interest credited to contract holders                               |      | (31)                             |                                 |  | (27)       |   |              | (15)     |      |            | (91)      |   |              | (82)      |  |   | (11)         |           |
| Investment gains and losses, net                                               |      | (456)                            |                                 |  | (674)      |   |              | 32  |      |            | 84   |   |              | (2,494)   |  |   | nm           |
|       Investments profit (loss)                  |      | $                                | (262)                           |  |            | $ | (508)        |          |      | 48    |           |   | $            | 648  |  |   | $            | (2,003)   |  |  | nm       |
|                                                                                |      |                                  |                                 |  |            |   |              |          |      |            |           |   |
| Investment income:                                                         |      |                                  |                                 |  |            |   |              |          |      |            |           |   |
|    Interest                                                     |      | $                                | 154                        |  |            | $ | 129     |          |      | 19    |           |   | $            | 441  |  |   | $            | 376  |  |  | 17  |  |
|    Dividends                                                    |      | 69                          |                                 |  | 66    |   |              | 5   |      |            | 205  |   |              | 203  |  |   | 1       |           |
|    Other                                                        |      | 5                           |                                 |  | 3     |   |              | 67  |      |            | 18   |   |              | 6    |  |   | 200     |           |
|    Less investment expenses                                     |      | 3                           |                                 |  | 5     |   |              | (40)     |      |            | 9    |   |              | 12   |  |   | (25)         |           |
|       Investment income, pretax                  |      | 225                         |                                 |  | 193   |   |              | 17  |      |            | 655  |   |              | 573  |  |   | 14      |           |
|       Less income taxes                          |      | 37                          |                                 |  | 30    |   |              | 23  |      |            | 106  |   |              | 90   |  |   | 18      |           |
|       Total investment income, after-tax         |      | $                                | 188                        |  |            | $ | 163     |          |      | 15    |           |   | $            | 549  |  |   | $            | 483  |  |  | 14  |  |
|                                                                                |      |                                  |                                 |  |            |   |              |          |      |            |           |   |
| Investment returns:                                                        |      |                                  |                                 |  |            |   |              |          |      |            |           |   |
|  Average invested assets plus cash and cash    equivalents |      | $                                | 25,490                     |  |            | $ | 23,323  |          |      |            |           | $ | 25,025  |           |  | $ | 24,081  |           |  |  |
|       Average yield pretax                       |      | 3.53                        | %                               |  | 3.31  | % |              |          |      | 3.49  | %         |   | 3.17    | %         |  |   |
|       Average yield after-tax                    |      | 2.95                        |                                 |  | 2.80  |   |              |          |      | 2.93  |           |   | 2.67    |           |  |   |
|       Effective tax rate                         |      | 16.3                        |                                 |  | 15.8  |   |              |          |      | 16.2  |           |   | 15.8    |           |  |   |
| Fixed-maturity returns:                                                    |      |                                  |                                 |  |            |   |              |          |      |            |           |   |
| Average amortized cost                                                         |      | $                                | 13,879                     |  |            | $ | 12,655  |          |      |            |           | $ | 13,515  |           |  | $ | 12,521  |           |  |  |
| Average yield pretax                                                           |      | 4.44                        | %                               |  | 4.08  | % |              |          |      | 4.35  | %         |   | 4.00    | %         |  |   |
| Average yield after-tax                                                        |      | 3.66                        |                                 |  | 3.38  |   |              |          |      | 3.59  |           |   | 3.32    |           |  |   |
| Effective tax rate                                                             |      | 17.6                        |                                 |  | 17.1  |   |              |          |      | 17.4  |           |   | 17.1    |           |  |   |
|                                                                                |      |                                  |                                 |  |            |   |              |          |      |            |           |   |

|                                                                                       |      |                                  |       |                                 |               |   |          |          |  |   |          |  |  |   |          |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------------------------------------|------|----------------------------------|-------|---------------------------------|---------------|---|----------|----------|--|---|----------|--|--|---|----------|--|--|--|--|--|--|--|--|--|--|--|
| (Dollars in millions)                                                                 |      | Three months ended September 30, |       | Nine months ended September 30, |
|                                                                                       | 2023 |                                  | 2022  |                                 | 2023          |   | 2022     |
| Investment gains and losses on equity securities sold, net                            |      | $                                | (5)   |                                 |               | $ | 16  |          |  | $ | 2   |  |  | $ | 34  |  |
| Unrealized gains and losses on equity securities still held, net                      |      | (458)                            |       |                                 | (705)         |   |          | 99  |  |   | (2,568)  |  |
| Investment gains and losses on fixed-maturity securities, net                         |      | —                     |       |                                 | —  |   |          | (4)      |  |   | 3   |  |
| Other                                                                                 |      | 7                           |       |                                 | 15       |   |          | (13)     |  |   | 37  |  |
| Subtotal - investment gains and losses reported in net income                         |      | (456)                            |       |                                 | (674)         |   |          | 84  |  |   | (2,494)  |  |
|                                                                                       |      |                                  |       |                                 |               |   |          |          |
| Change in unrealized investment gains and losses - fixed    maturities |      | (369)                            |       |                                 | (514)         |   |          | (360)    |  |   | (1,870)  |  |
| Total                                                                                 |      | $                                | (825) |                                 |               | $ | (1,188)  |          |  | $ | (276)    |  |  | $ | (4,364)  |  |
|                                                                                       |      |                                  |       |                                 |               |   |          |          |

----

|                                               |                  |                 |              |  |              |   |              |  |  |  |  |  |  |  |
|-----------------------------------------------|------------------|-----------------|--------------|--|--------------|---|--------------|--|--|--|--|--|--|--|
| (Dollars in millions, except share data)      | At September 30, | At December 31, |
|                                               | 2023             |                 | 2022         |
|    Total investments           |                  | $               | 23,408  |  |              | $ | 22,425  |  |
|    Total assets                |                  | 30,915     |              |  | 29,732  |   |
|    Short-term debt             |                  | 25         |              |  | 50      |   |
|    Long-term debt              |                  | 790        |              |  | 789     |   |
|    Shareholders’ equity  |                  | 10,624     |              |  | 10,562  |   |
|    Book value per share        |                  | 67.72      |              |  | 67.21   |   |
|    Debt-to-total-capital ratio |                  | 7.1        | %            |  | 7.4     | % |
|                                               |                  |                 |              |  |

----

----

----

----

|                                                                    |                                  |             |                                 |             |               |              |                   |              |   |              |  |  |   |             |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------------------------|----------------------------------|-------------|---------------------------------|-------------|---------------|--------------|-------------------|--------------|---|--------------|--|--|---|-------------|--|--|--|--|--|--|--|--|--|
| (Dollars in millions)                                              |                                  |             |                                 |             | September 30, |              | December 31, |
|                                                                    |                                  |             |                                 |             | 2023          |              | 2022              |
| Assets                                                             |                                  |             |                                 |             |               |              |                   |
|    Investments                                      |                                  |             |                                 |        | $             | 23,408  |                   |              | $ | 22,425  |  |
|    Cash and cash equivalents                        |                                  |             |                                 |             | 899      |              |                   | 1,264   |   |
|                                                                    |                                  |             |                                 |             |               |              |                   |
|    Premiums receivable                              |                                  |             |                                 |             | 2,654    |              |                   | 2,322   |   |
|    Reinsurance recoverable                          |                                  |             |                                 |             | 699      |              |                   | 665     |   |
| Deferred policy acquisition costs                                  |                                  |             |                                 |             | 1,101    |              |                   | 1,013   |   |
|    Other assets                                     |                                  |             |                                 |             | 2,154    |              |                   | 2,043   |   |
| Total assets                                                       |                                  |             |                                 |        | $             | 30,915  |                   |              | $ | 29,732  |  |
|                                                                    |                                  |             |                                 |             |               |              |                   |
| Liabilities                                                        |                                  |             |                                 |             |               |              |                   |
|    Insurance reserves                               |                                  |             |                                 |        | $             | 11,997  |                   |              | $ | 11,415  |  |
|    Unearned premiums                                |                                  |             |                                 |             | 4,195    |              |                   | 3,689   |   |
|    Deferred income tax                              |                                  |             |                                 |             | 997      |              |                   | 1,054   |   |
|    Long-term debt and lease obligations             |                                  |             |                                 |             | 844      |              |                   | 841     |   |
|    Other liabilities                                |                                  |             |                                 |             | 2,258    |              |                   | 2,171   |   |
| Total liabilities                                                  |                                  |             |                                 |             | 20,291   |              |                   | 19,170  |   |
|                                                                    |                                  |             |                                 |             |               |              |                   |
| Shareholders’ Equity                                         |                                  |             |                                 |             |               |              |                   |
|    Common stock and paid-in capital                 |                                  |             |                                 |             | 1,819    |              |                   | 1,789   |   |
|    Retained earnings                                |                                  |             |                                 |             | 12,018   |              |                   | 11,711  |   |
|    Accumulated other comprehensive income           |                                  |             |                                 |             | (827)         |              |                   | (614)        |   |
|    Treasury stock                                   |                                  |             |                                 |             | (2,386)       |              |                   | (2,324)      |   |
| Total shareholders' equity                                         |                                  |             |                                 |             | 10,624   |              |                   | 10,562  |   |
| Total liabilities and shareholders' equity                         |                                  |             |                                 |        | $             | 30,915  |                   |              | $ | 29,732  |  |
|                                                                    |                                  |             |                                 |             |               |              |                   |
| (Dollars in millions, except per share data)                       | Three months ended September 30, |             | Nine months ended September 30, |
|                                                                    | 2023                             |             | 2022                            |             | 2023          |              | 2022              |
| Revenues                                                           |                                  |             |                                 |             |               |              |                   |
|    Earned premiums                                  | $                                | 2,033  |                                 |             | $             | 1,884   |                   |              | $ | 5,894   |  |  | $ | 5,350  |  |
|    Investment income, net of expenses               | 225                         |             |                                 | 193    |               |              | 655          |              |   | 573     |  |
|    Investment gains and losses, net                 | (456)                            |             |                                 | (674)       |               |              | 84           |              |   | (2,494)      |  |
|    Other revenues                                   | 9                           |             |                                 | 7      |               |              | 24           |              |   | 19      |  |
|       Total revenues                 | 1,811                       |             |                                 | 1,410  |               |              | 6,657        |              |   | 3,448   |  |
|                                                                    |                                  |             |                                 |             |               |              |                   |
| Benefits and Expenses                                              |                                  |             |                                 |             |               |              |                   |
|    Insurance losses and contract holders' benefits  | 1,332                       |             |                                 | 1,418  |               |              | 4,070        |              |   | 3,772   |  |
|    Underwriting, acquisition and insurance expenses | 609                         |             |                                 | 551    |               |              | 1,744        |              |   | 1,604   |  |
|    Interest expense                                 | 13                          |             |                                 | 14     |               |              | 40           |              |   | 40      |  |
|    Other operating expenses                         | 5                           |             |                                 | 4      |               |              | 17           |              |   | 13      |  |
|       Total benefits and expenses    | 1,959                       |             |                                 | 1,987  |               |              | 5,871        |              |   | 5,429   |  |
|                                                                    |                                  |             |                                 |             |               |              |                   |
| Income (Loss) Before Income Taxes                                  | (148)                            |             |                                 | (577)       |               |              | 786          |              |   | (1,981)      |  |
|                                                                    |                                  |             |                                 |             |               |              |                   |
| Provision (Benefit) for Income Taxes                               | (49)                             |             |                                 | (161)       |               |              | 126          |              |   | (481)        |  |
|                                                                    |                                  |             |                                 |             |               |              |                   |
| Net Income (Loss)                                                  | $                                | (99)        |                                 |             | $             | (416)        |                   |              | $ | 660     |  |  | $ | (1,500)     |  |
|                                                                    |                                  |             |                                 |             |               |              |                   |
| Per Common Share:                                              |                                  |             |                                 |             |               |              |                   |
|    Net income (loss)—basic                    | $                                | (0.63)      |                                 |             | $             | (2.63)       |                   |              | $ | 4.20    |  |  | $ | (9.42)      |  |
|    Net income (loss)—diluted                  | (0.63)                           |             |                                 | (2.63)      |               |              | 4.17         |              |   | (9.42)       |  |
|                                                                    |                                  |             |                                 |             |               |              |                   |

----

----

|                                                             |                                  |                                 |            |      |            |      |            |            |  |   |            |  |  |   |            |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------------------|----------------------------------|---------------------------------|------------|------|------------|------|------------|------------|--|---|------------|--|--|---|------------|--|--|--|--|--|--|--|--|--|--|--|
|  Net Income Reconciliation                             |
|                                                             |
| (Dollars in millions, except per share data)                | Three months ended September 30, | Nine months ended September 30, |
|                                                             |                                  | 2023                            |            | 2022 |            | 2023 |            | 2022       |
| Net income (loss)                                           |                                  | $                               | (99)       |      |            | $    | (416)      |            |  | $ | 660   |  |  | $ | (1,500)    |  |
| Less:                                                   |                                  |                                 |            |      |            |      |            |            |
|    Investment gains and losses, net          |                                  | (456)                           |            |      | (674)      |      |            | 84    |  |   | (2,494)    |  |
|    Income tax on investment gains and losses |                                  | 96                         |            |      | 142   |      |            | (17)       |  |   | 524   |  |
|    Investment gains and losses, after-tax    |                                  | (360)                           |            |      | (532)      |      |            | 67    |  |   | (1,970)    |  |
|                                                             |                                  |                                 |            |      |            |      |            |            |
| Non-GAAP operating income                                   |                                  | $                               | 261   |      |            | $    | 116   |            |  | $ | 593   |  |  | $ | 470   |  |
|                                                             |                                  |                                 |            |      |            |      |            |            |
| Diluted per share data:                                 |                                  |                                 |            |      |            |      |            |            |
| Net income (loss)                                           |                                  | $                               | (0.63)     |      |            | $    | (2.63)     |            |  | $ | 4.17  |  |  | $ | (9.42)     |  |
| Less:                                                   |                                  |                                 |            |      |            |      |            |            |
|    Investment gains and losses, net          |                                  | (2.90)                          |            |      | (4.26)     |      |            | 0.53  |  |   | (15.65)    |  |
|    Income tax on investment gains and losses |                                  | 0.61                       |            |      | 0.89  |      |            | (0.11)     |  |   | 3.28  |  |
|    Investment gains and losses, after-tax    |                                  | (2.29)                          |            |      | (3.37)     |      |            | 0.42  |  |   | (12.37)    |  |
|                                                             |                                  |                                 |            |      |            |      |            |            |
|    Non-GAAP operating income                 |                                  | $                               | 1.66  |      |            | $    | 0.74  |            |  | $ | 3.75  |  |  | $ | 2.95  |  |
|                                                             |                                  |                                 |            |      |            |      |            |            |

|                                                                          |                                  |                                 |          |      |               |      |          |               |  |   |               |  |  |   |          |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------------------------------|----------------------------------|---------------------------------|----------|------|---------------|------|----------|---------------|--|---|---------------|--|--|---|----------|--|--|--|--|--|--|--|--|--|--|--|
| Life Insurance Reconciliation                                            |
|                                                                          |
| (Dollars in millions)                                                    | Three months ended September 30, | Nine months ended September 30, |
|                                                                          |                                  | 2023                            |          | 2022 |               | 2023 |          | 2022          |
| Net income of the life insurance subsidiary                              |                                  | $                               | 25  |      |               | $    | 23  |               |  | $ | 65       |  |  | $ | 51  |  |
| Investment gains and losses, net                                         |                                  | —                    |          |      | (1)           |      |          | (1)           |  |   | (1)           |  |
| Income tax on investment gains and losses                                |                                  | —                    |          |      | —  |      |          | —  |  |   | —  |  |
| Non-GAAP operating income                                                |                                  | 25                         |          |      | 24       |      |          | 66       |  |   | 52       |  |
|                                                                          |                                  |                                 |          |      |               |      |          |               |
| Investment income, net of expenses                                       |                                  | (46)                            |          |      | (43)          |      |          | (137)         |  |   | (127)         |  |
| Investment income credited to contract holders                           |                                  | 31                         |          |      | 27       |      |          | 91       |  |   | 82       |  |
| Income tax excluding tax on investment gains   and losses, net |                                  | 7                          |          |      | 5        |      |          | 18       |  |   | 14       |  |
| Life insurance segment profit                                            |                                  | $                               | 17  |      |               | $    | 13  |               |  | $ | 38       |  |  | $ | 21  |  |
|                                                                          |                                  |                                 |          |      |               |      |          |               |

----

|                                                                                                                                                                                       |                                       |               |             |         |        |          |   |             |  |       |  |   |             |         |  |        |   |           |  |  |  |   |           |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------|---------------|-------------|---------|--------|----------|---|-------------|--|-------|--|---|-------------|---------|--|--------|---|-----------|--|--|--|---|-----------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Property Casualty Insurance Reconciliation                                                                                                                                            |
| (Dollars in millions)                                                                                                                                                                 | Three months ended September 30, 2023 |
|                                                                                                                                                                                       | Consolidated                          | Commercial    | Personal    | E&S |        | Other*   |
| Premiums:                                                                                                                                                                         |                                       |               |             |         |        |          |   |             |  |       |  |   |             |         |
|    Written premiums                                                                                                                                                    |                                  | $             | 1,957  |         |        |     | $ | 1,029  |  |       |  | $ | 646    |         |  |   | $ | 128  |  |  |  | $ | 154  |  |
|    Unearned premiums change                                                                                                                                            |                                       | —  |             |         |        | 33  |   |             |  | (119) |  |   |             | 7  |  |        |   | 79   |  |
|    Earned premiums                                                                                                                                                     |                                  | $             | 1,957  |         |        |     | $ | 1,062  |  |       |  | $ | 527    |         |  |   | $ | 135  |  |  |  | $ | 233  |  |
|                                                                                                                                                                                       |                                       |               |             |         |        |          |   |             |  |       |  |   |             |         |
| Underwriting profit                                                                                                                                                                   |                                       | $             | 112    |         |        |          | $ | 52     |  |       |  | $ | 1      |         |  |        | $ | 14   |  |  |  | $ | 45   |  |
|                                                                                                                                                                                       |                                       |               |             |         |        |          |   |             |  |       |  |   |             |         |
| (Dollars in millions)                                                                                                                                                                 | Nine months ended September 30, 2023  |
|                                                                                                                                                                                       | Consolidated                          | Commercial    | Personal    | E&S |        | Other*   |
| Premiums:                                                                                                                                                                         |                                       |               |             |         |        |          |   |             |  |       |  |   |             |         |
|    Written premiums                                                                                                                                                    |                                  | $             | 6,126  |         |        |          | $ | 3,276  |  |       |  | $ | 1,723  |         |  |        | $ | 420  |  |  |  | $ | 707  |  |
|    Unearned premiums change                                                                                                                                            |                                       | (465)         |             |         |        | (92)     |   |             |  | (239) |  |   |             | (26)    |  |        |   | (108)     |  |
|    Earned premiums                                                                                                                                                     |                                  | $             | 5,661  |         |        |          | $ | 3,184  |  |       |  | $ | 1,484  |         |  |        | $ | 394  |  |  |  | $ | 599  |  |
|                                                                                                                                                                                       |                                       |               |             |         |        |          |   |             |  |       |  |   |             |         |
| Underwriting profit (loss)                                                                                                                                                            |                                       | $             | 149    |         |        |          | $ | 83     |  |       |  | $ | (92)        |         |  |        | $ | 38   |  |  |  | $ | 120  |  |
|                                                                                                                                                                                       |                                       |               |             |         |        |          |   |             |  |       |  |   |             |         |
| (Dollars in millions)                                                                                                                                                                 | Three months ended September 30, 2022 |
|                                                                                                                                                                                       | Consolidated                          | Commercial    | Personal    | E&S | Other* |
| Premiums:                                                                                                                                                                         |                                       |               |             |         |        |          |   |             |  |       |  |   |             |         |
|    Written premiums                                                                                                                                                    |                                       | $             | 1,750  |         |        |          | $ | 984    |  |       |  | $ | 502    |         |  |        | $ | 121  |  |  |  | $ | 143  |  |
|    Unearned premiums change                                                                                                                                            |                                       | 59       |             |         |        | 44  |   |             |  | (71)  |  |   |             | 4  |  |        |   | 82   |  |
|    Earned premiums                                                                                                                                                     |                                       | $             | 1,809  |         |        |          | $ | 1,028  |  |       |  | $ | 431    |         |  |        | $ | 125  |  |  |  | $ | 225  |  |
|                                                                                                                                                                                       |                                       |               |             |         |        |          |   |             |  |       |  |   |             |         |
| Underwriting profit (loss)                                                                                                                                                            |                                       | $             | (66)        |         |        |          | $ | 11     |  |       |  | $ | (18)        |         |  |        | $ | 9    |  |  |  | $ | (68)      |  |
|                                                                                                                                                                                       |                                       |               |             |         |        |          |   |             |  |       |  |   |             |         |
| (Dollars in millions)                                                                                                                                                                 | Nine months ended September 30, 2022  |
|                                                                                                                                                                                       | Consolidated                          | Commercial    | Personal    | E&S | Other* |
| Premiums:                                                                                                                                                                         |                                       |               |             |         |        |          |   |             |  |       |  |   |             |         |
|    Written premiums                                                                                                                                                    |                                       | $             | 5,613  |         |        |          | $ | 3,152  |  |       |  | $ | 1,386  |         |  |        | $ | 380  |  |  |  | $ | 695  |  |
|    Unearned premiums change                                                                                                                                            |                                       | (489)         |             |         |        | (168)    |   |             |  | (140) |  |   |             | (19)    |  |        |   | (162)     |  |
|    Earned premiums                                                                                                                                                     |                                       | $             | 5,124  |         |        |          | $ | 2,984  |  |       |  | $ | 1,246  |         |  |        | $ | 361  |  |  |  | $ | 533  |  |
|                                                                                                                                                                                       |                                       |               |             |         |        |          |   |             |  |       |  |   |             |         |
| Underwriting profit (loss)                                                                                                                                                            |                                       | $             | 47     |         |        |          | $ | 25     |  |       |  | $ | (2)         |         |  |        | $ | 44   |  |  |  | $ | (20)      |  |
|                                                                                                                                                                                       |                                       |               |             |         |        |          |   |             |  |       |  |   |             |         |
|   Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. *Included in Other are the results of Cincinnati Re and Cincinnati Global. |

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----

|                                                                                                                                                       |                                  |                                 |             |           |             |   |             |             |             |           |             |   |  |   |             |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------|---------------------------------|-------------|-----------|-------------|---|-------------|-------------|-------------|-----------|-------------|---|--|---|-------------|--|--|--|--|--|--|--|--|--|--|--|
| (Dollars are per share)                                                                                                                               | Three months ended September 30, | Nine months ended September 30, |
|                                                                                                                                                       | 2023                             |                                 | 2022        |           | 2023        |   | 2022        |
| Book value change per share                                                                                                                           |                                  |                                 |             |           |             |   |             |             |
| Book value as originally reported September 30, 2022                                                                                                  |                                  |                                 |             |           |             |   |             | $           | 60.01  |           |
| Cumulative effect of change in accounting for   long-duration insurance contracts, net of tax                                               |                                  |                                 |             |           |             |   |             | 0.31   |             |
| Book value as adjusted September 30, 2022                                                                                                             |                                  |                                 |             |           |             |   |             | $           | 60.32  |           |
|                                                                                                                                                       |                                  |                                 |             |           |             |   |             |             |
| Value creation ratio:                                                                                                                             |                                  |                                 |             |           |             |   |             |             |
|    End of period book value* - as originally reported                                                                                  |                                  | $                               | 67.72  |           |             | $ | 60.01  |             |             | $         | 67.72  |   |  | $ | 60.01  |  |
|    Less beginning of period book value - as originally     reported                                           |                                  | 70.33                      |             |           | 66.30  |   |             | 67.01  |             |           | 81.72  |   |
|    Change in book value - as originally reported                                                                                       |                                  | (2.61)                          |             |           | (6.29)      |   |             | 0.71   |             |           | (21.71)     |   |
|    Dividend declared to shareholders                                                                                                   |                                  | 0.75                       |             |           | 0.69   |   |             | 2.25   |             |           | 2.07   |   |
|    Total value creation                                                                                                                |                                  | $                               | (1.86)      |           |             | $ | (5.60)      |             |             | $         | 2.96   |   |  | $ | (19.64)     |  |
|                                                                                                                                                       |                                  |                                 |             |           |             |   |             |             |
| Value creation ratio from change in book value**                                                                                                      |                                  | (3.7)                           | %           |           | (9.4)       | % |             | 1.1    | %           |           | (26.5)      | % |
| Value creation ratio from dividends declared to            shareholders***                                                        | 1.1                         |                                 |             | 1.0  |             |   | 3.3    |             |             | 2.5  |             |
| Value creation ratio                                                                                                                                  |                                  | (2.6)                           | %           |           | (8.4)       | % |             | 4.4    | %           |           | (24.0)      | % |
|                                                                                                                                                       |                                  |                                 |             |           |             |   |             |             |
|     * Book value per share is calculated by dividing end of period total shareholders' equity by end of period shares outstanding |                                  |                                 |
|   ** Change in book value divided by the beginning of period book value                                                                     |                                  |                                 |
| *** Dividend declared to shareholders divided by beginning of period book value                                                                       |                                  |                                 |

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