|  |  |                                                                                                                                                                                                                                                                                                                                   |  |  |  |  |  |  |
|--|--|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|--|--|--|--|--|
|  |  | 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, |
|                                                              | 2024                             |                                 | 2023        |  | % Change    |   | 2024        |    | 2023        |             | % Change |
| Revenue Data                                                 |                                  |                                 |             |  |             |   |             |    |             |             |          |   |
|    Earned premiums                            |                             | $                               | 2,297  |  |             | $ | 2,033  |    |             | 13          |          | $ | 6,524  |  |  | $  | 5,894  |  |  | 11  |
|    Investment income, net of expenses         |                                  | 258                        |             |  | 225    |   |             | 15 |             | 745    |          |   | 655    |  |  | 14 |
|    Total revenues                             |                                  | 3,320                      |             |  | 1,811  |   |             | 83 |             | 8,799  |          |   | 6,657  |  |  | 32 |
| Income Statement Data                                        |                                  |                                 |             |  |             |   |             |    |             |             |          |   |
|    Net income (loss)                          |                             | $                               | 820    |  |             | $ | (99)        |    |             | nm          |          | $ | 1,887  |  |  | $  | 660    |  |  | 186 |
|    Investment gains and losses, after-tax     |                                  | 596                        |             |  | (360)       |   |             | nm |             | 1,187  |          |   | 67     |  |  | nm |
|                                                              |                                  |                                 |             |  |             |   |             |    |             |             |          |   |
|    Non-GAAP operating income*                 |                             | $                               | 224    |  |             | $ | 261    |    |             | (14)        |          | $ | 700    |  |  | $  | 593    |  |  | 18  |
| Per Share Data (diluted)                                     |                                  |                                 |             |  |             |   |             |    |             |             |          |   |
|    Net income (loss)                          |                             | $                               | 5.20   |  |             | $ | (0.63)      |    |             | nm          |          | $ | 11.97  |  |  | $  | 4.17   |  |  | 187 |
|    Investment gains and losses, after-tax     |                                  | 3.78                       |             |  | (2.29)      |   |             | nm |             | 7.53   |          |   | 0.42   |  |  | nm |
|                                                              |                                  |                                 |             |  |             |   |             |    |             |             |          |   |
|    Non-GAAP operating income*                 |                             | $                               | 1.42   |  |             | $ | 1.66   |    |             | (14)        |          | $ | 4.44   |  |  | $  | 3.75   |  |  | 18  |
|                                                              |                                  |                                 |             |  |             |   |             |    |             |             |          |   |
|    Book value                                 |                                  |                                 |             |  |             |   |             | $  | 88.32  |             |          | $ | 67.72  |  |  | 30 |
|    Cash dividend declared                     |                                  | $                               | 0.81   |  |             | $ | 0.75   |    |             | 8           |          | $ | 2.43   |  |  | $  | 2.25   |  |  | 8   |
|    Diluted weighted average share outstanding |                                  | 157.7                      |             |  | 156.9  |   |             | 1  |             | 157.7  |          |   | 158.2  |  |  | 0  |
|                                                              |                                  |                                 |             |  |             |   |             |    |             |             |          |   |

----

----

|                                                                                               |                                  |                                 |       |           |            |             |          |           |          |       |            |            |          |            |       |       |           |          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------------------------------------------------|----------------------------------|---------------------------------|-------|-----------|------------|-------------|----------|-----------|----------|-------|------------|------------|----------|------------|-------|-------|-----------|----------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| (Dollars in millions)                                                                         | Three months ended September 30, | Nine months ended September 30, |
|                                                                                               |                                  | 2024                            |       | 2023      |            | % Change    |          | 2024      |          | 2023  |            | % Change   |
| Earned premiums                                                                               |                             | $                               | 2,217 |           | $          | 1,957       |          | 13   |          |       | $          | 6,284      |          | $          | 5,661 |       | 11   |          |
| Fee revenues                                                                                  |                                  | 3                               |       | 3         |            | 0      |          |           | 9        |       | 8          |            | 13  |            |
|    Total revenues                                                              |                                  | 2,220                           |       | 1,960     |            | 13     |          |           | 6,293    |       | 5,669      |            | 11  |            |
|                                                                                               |                                  |                                 |       |           |            |             |          |           |          |       |            |            |
| Loss and loss expenses                                                                        |                                  | 1,499                           |       | 1,261     |            | 19     |          |           | 4,181    |       | 3,840      |            | 9   |            |
| Underwriting expenses                                                                         |                                  | 659                             |       | 587       |            | 12     |          |           | 1,884    |       | 1,680      |            | 12  |            |
|    Underwriting profit                                                         |                             | $                               | 62    |           | $          | 112         |          | (45)      |          |       | $          | 228        |          | $          | 149   |       | 53   |          |
|                                                                                               |                                  |                                 |       |           |            |             |          |           |          |       |            |            |
| Ratios as a percent of earned premiums:                                                   |                                  |                                 |       |           |            | Pt. Change  |          |           |          |       |            | Pt. Change |
|      Loss and loss expenses                                          |                                  | 67.6                       | %     |           | 64.4  | %           |          | 3.2  |          |       | 66.5  | %          |          | 67.8  | %     |       | (1.3)     |          |
|      Underwriting expenses                                           |                                  | 29.8                       |       |           | 30.0  |             |          | (0.2)     |          |       | 30.0  |            |          | 29.7  |       |       | 0.3  |          |
|            Combined ratio              |                                  | 97.4                       | %     |           | 94.4  | %           |          | 3.0  |          |       | 96.5  | %          |          | 97.5  | %     |       | (1.0)     |          |
|                                                                                               |                                  |                                 |       |           |            |             |          |           |          |       |            |            |
|                                                                                               |                                  |                                 |       |           |            | % Change    |          |           |          |       |            | % Change   |
| Agency renewal written premiums                                                               |                             | $                               | 1,795 |           | $          | 1,549  |          |           | 16  |       |            | $          | 5,321    |            | $     | 4,727 |           | 13  |  |
| Agency new business written premiums                                                          |                                  | 406                             |       | 313  |            |             | 30  |           |          | 1,159 |            | 867        |          | 34    |       |
|                                                                                               |                                  |                                 |       |           |            |             |          |           |          |       |            |            |
|                                                                                               |                                  |                                 |       |           |            |             |          |           |          |       |            |            |
| Other written premiums                                                                        |                                  | 92                              |       | 95   |            |             | (3)      |           |          | 520   |            | 532        |          | (2)        |       |
|    Net written premiums                                                        |                             | $                               | 2,293 |           | $          | 1,957  |          |           | 17  |       |            | $          | 7,000    |            | $     | 6,126 |           | 14  |  |
|                                                                                               |                                  |                                 |       |           |            |             |          |           |          |       |            |            |
| Ratios as a percent of earned premiums:                                                   |                                  |                                 |       |           |            | Pt. Change  |          |           |          |       |            | Pt. Change |
|      Current accident year before catastrophe losses                 |                                  | 57.0                       | %     |           | 57.7  | %           |          | (0.7)     |          |       | 58.6  | %          |          | 59.7  | %     |       | (1.1)     |          |
|      Current accident year catastrophe losses                        |                                  | 13.8                       |       |           | 9.4   |             |          | 4.4  |          |       | 11.2  |            |          | 11.9  |       |       | (0.7)     |          |
|      Prior accident years before catastrophe losses                  |                                  | (2.4)                           |       |           | (2.4)      |             |          | 0.0  |          |       | (2.2)      |            |          | (3.2)      |       |       | 1.0  |          |
|      Prior accident years catastrophe losses                         |                                  | (0.8)                           |       |           | (0.3)      |             |          | (0.5)     |          |       | (1.1)      |            |          | (0.6)      |       |       | (0.5)     |          |
|            Loss and loss expense ratio |                                  | 67.6                       | %     |           | 64.4  | %           |          | 3.2  |          |       | 66.5  | %          |          | 67.8  | %     |       | (1.3)     |          |
|                                                                                               |                                  |                                 |       |           |            |             |          |           |          |       |            |            |
| Current accident year combined ratio before    catastrophe losses                   |                                  | 86.8                       | %     |           | 87.7  | %           |          | (0.9)     |          |       | 88.6  | %          |          | 89.4  | %     |       | (0.8)     |          |
|                                                                                               |                                  |                                 |       |           |            |             |          |           |          |       |            |            |

----

|                                                                                               |                                  |                                 |             |      |             |            |             |           |  |          |             |            |   |             |   |  |           |             |  |  |          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------------------------------------------------|----------------------------------|---------------------------------|-------------|------|-------------|------------|-------------|-----------|--|----------|-------------|------------|---|-------------|---|--|-----------|-------------|--|--|----------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| (Dollars in millions)                                                                         | Three months ended September 30, | Nine months ended September 30, |
|                                                                                               |                                  | 2024                            |             | 2023 |             | % Change   |             | 2024      |  | 2023     |             | % Change   |
| Earned premiums                                                                               |                             | $                               | 1,137  |      |             | $          | 1,062  |           |  | 7   |             |            | $ | 3,326  |   |  | $         | 3,184  |  |  | 4   |  |
| Fee revenues                                                                                  |                                  | 1                          |             |      | 1      |            |             | 0    |  |          | 3      |            |   | 3      |   |  | 0    |             |
|    Total revenues                                                              |                                  | 1,138                      |             |      | 1,063  |            |             | 7    |  |          | 3,329  |            |   | 3,187  |   |  | 4    |             |
|                                                                                               |                                  |                                 |             |      |             |            |             |           |  |          |             |            |
| Loss and loss expenses                                                                        |                                  | 706                        |             |      | 680    |            |             | 4    |  |          | 2,171  |            |   | 2,136  |   |  | 2    |             |
| Underwriting expenses                                                                         |                                  | 351                        |             |      | 331    |            |             | 6    |  |          | 1,028  |            |   | 968    |   |  | 6    |             |
|    Underwriting profit                                                         |                             | $                               | 81     |      |             | $          | 52     |           |  | 56  |             |            | $ | 130    |   |  | $         | 83     |  |  | 57  |  |
|                                                                                               |                                  |                                 |             |      |             |            |             |           |  |          |             |            |
| Ratios as a percent of earned premiums:                                                   |                                  |                                 |             |      |             | Pt. Change |             |           |  |          |             | Pt. Change |
|      Loss and loss expenses                                          |                                  | 62.1                       | %           |      | 64.0   | %          |             | (1.9)     |  |          | 65.3   | %          |   | 67.1   | % |  | (1.8)     |             |
|      Underwriting expenses                                           |                                  | 30.9                       |             |      | 31.2   |            |             | (0.3)     |  |          | 30.9   |            |   | 30.4   |   |  | 0.5  |             |
|            Combined ratio              |                                  | 93.0                       | %           |      | 95.2   | %          |             | (2.2)     |  |          | 96.2   | %          |   | 97.5   | % |  | (1.3)     |             |
|                                                                                               |                                  |                                 |             |      |             |            |             |           |  |          |             |            |
|                                                                                               |                                  |                                 |             |      |             | % Change   |             |           |  |          |             | % Change   |
| Agency renewal written premiums                                                               |                                  | $                               | 987    |      |             | $          | 914    |           |  | 8   |             |            | $ | 3,086  |   |  | $         | 2,940  |  |  | 5   |  |
| Agency new business written premiums                                                          |                                  | 187                        |             |      | 148    |            |             | 26   |  |          | 562    |            |   | 431    |   |  | 30   |             |
| Other written premiums                                                                        |                                  | (36)                            |             |      | (33)        |            |             | (9)       |  |          | (101)       |            |   | (95)        |   |  | (6)       |             |
|    Net written premiums                                                        |                                  | $                               | 1,138  |      |             | $          | 1,029  |           |  | 11  |             |            | $ | 3,547  |   |  | $         | 3,276  |  |  | 8   |  |
|                                                                                               |                                  |                                 |             |      |             |            |             |           |  |          |             |            |
| Ratios as a percent of earned premiums:                                                   |                                  |                                 |             |      |             | Pt. Change |             |           |  |          |             | Pt. Change |
|      Current accident year before catastrophe losses                 |                                  | 60.7                       | %           |      | 60.5   | %          |             | 0.2  |  |          | 61.3   | %          |   | 61.6   | % |  | (0.3)     |             |
|      Current accident year catastrophe losses                        |                                  | 5.8                        |             |      | 6.8    |            |             | (1.0)     |  |          | 7.5    |            |   | 9.5    |   |  | (2.0)     |             |
|      Prior accident years before catastrophe losses                  |                                  | (4.0)                           |             |      | (3.2)       |            |             | (0.8)     |  |          | (2.9)       |            |   | (3.9)       |   |  | 1.0  |             |
|      Prior accident years catastrophe losses                         |                                  | (0.4)                           |             |      | (0.1)       |            |             | (0.3)     |  |          | (0.6)       |            |   | (0.1)       |   |  | (0.5)     |             |
|            Loss and loss expense ratio |                                  | 62.1                       | %           |      | 64.0   | %          |             | (1.9)     |  |          | 65.3   | %          |   | 67.1   | % |  | (1.8)     |             |
|                                                                                               |                                  |                                 |             |      |             |            |             |           |  |          |             |            |
| Current accident year combined ratio before    catastrophe losses                   |                                  | 91.6                       | %           |      | 91.7   | %          |             | (0.1)     |  |          | 92.2   | %          |   | 92.0   | % |  | 0.2  |             |
|                                                                                               |                                  |                                 |             |      |             |            |             |           |  |          |             |            |

----

|                                                                                               |                                  |                                 |           |      |            |            |           |            |  |          |             |            |      |             |   |   |           |             |  |          |          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------------------------------------------------|----------------------------------|---------------------------------|-----------|------|------------|------------|-----------|------------|--|----------|-------------|------------|------|-------------|---|---|-----------|-------------|--|----------|----------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| (Dollars in millions)                                                                         | Three months ended September 30, | Nine months ended September 30, |
|                                                                                               |                                  | 2024                            |           | 2023 |            | % Change   |           | 2024       |  | 2023     |             | % Change   |
| Earned premiums                                                                               |                             | $                               | 678  |      |            | $          | 527  |            |  | 29  |             |            | $    | 1,897  |   |   | $         | 1,484  |  |          | 28  |  |
| Fee revenues                                                                                  |                                  | 2                          |           |      | 1     |            |           | 100   |  |          | 4      |            |      | 3      |   |   | 33   |             |
|    Total revenues                                                              |                                  | 680                        |           |      | 528   |            |           | 29    |  |          | 1,901  |            |      | 1,487  |   |   | 28   |             |
|                                                                                               |                                  |                                 |           |      |            |            |           |            |  |          |             |            |
| Loss and loss expenses                                                                        |                                  | 553                        |           |      | 368   |            |           | 50    |  |          | 1,421  |            |      | 1,138  |   |   | 25   |             |
| Underwriting expenses                                                                         |                                  | 196                        |           |      | 159   |            |           | 23    |  |          | 554    |            |      | 441    |   |   | 26   |             |
|    Underwriting profit (loss)                                                  |                             | $                               | (69)      |      |            | $          | 1    |            |  | nm       |             | $          | (74) |             |   | $ | (92)      |             |  | 20  |          |
|                                                                                               |                                  |                                 |           |      |            |            |           |            |  |          |             |            |
| Ratios as a percent of earned premiums:                                                   |                                  |                                 |           |      |            | Pt. Change |           |            |  |          |             | Pt. Change |
|      Loss and loss expenses                                          |                                  | 81.5                       | %         |      | 69.8  | %          |           | 11.7  |  |          | 74.9   | %          |      | 76.7   | % |   | (1.8)     |             |
|      Underwriting expenses                                           |                                  | 28.8                       |           |      | 30.1  |            |           | (1.3)      |  |          | 29.2   |            |      | 29.7   |   |   | (0.5)     |             |
|            Combined ratio              |                                  | 110.3                      | %         |      | 99.9  | %          |           | 10.4  |  |          | 104.1  | %          |      | 106.4  | % |   | (2.3)     |             |
|                                                                                               |                                  |                                 |           |      |            |            |           |            |  |          |             |            |
|                                                                                               |                                  |                                 |           |      |            | % Change   |           |            |  |          |             | % Change   |
| Agency renewal written premiums                                                               |                                  | $                               | 695  |      |            | $          | 542  |            |  | 28  |             |            | $    | 1,870  |   |   | $         | 1,471  |  |          | 27  |  |
| Agency new business written premiums                                                          |                                  | 165                        |           |      | 122   |            |           | 35    |  |          | 450    |            |      | 307    |   |   | 47   |             |
| Other written premiums                                                                        |                                  | (28)                            |           |      | (18)       |            |           | (56)       |  |          | (74)        |            |      | (55)        |   |   | (35)      |             |
|    Net written premiums                                                        |                             | $                               | 832  |      |            | $          | 646  |            |  | 29  |             |            | $    | 2,246  |   |   | $         | 1,723  |  |          | 30  |  |
|                                                                                               |                                  |                                 |           |      |            |            |           |            |  |          |             |            |
| Ratios as a percent of earned premiums:                                                   |                                  |                                 |           |      |            | Pt. Change |           |            |  |          |             | Pt. Change |
|      Current accident year before catastrophe losses                 |                                  | 54.0                       | %         |      | 56.3  | %          |           | (2.3)      |  |          | 55.4   | %          |      | 58.3   | % |   | (2.9)     |             |
|      Current accident year catastrophe losses                        |                                  | 27.4                       |           |      | 15.1  |            |           | 12.3  |  |          | 20.9   |            |      | 22.0   |   |   | (1.1)     |             |
|      Prior accident years before catastrophe losses                  |                                  | 0.9                        |           |      | (0.4)      |            |           | 1.3   |  |          | 0.3    |            |      | (0.8)       |   |   | 1.1  |             |
|      Prior accident years catastrophe losses                         |                                  | (0.8)                           |           |      | (1.2)      |            |           | 0.4   |  |          | (1.7)       |            |      | (2.8)       |   |   | 1.1  |             |
|            Loss and loss expense ratio |                                  | 81.5                       | %         |      | 69.8  | %          |           | 11.7  |  |          | 74.9   | %          |      | 76.7   | % |   | (1.8)     |             |
|                                                                                               |                                  |                                 |           |      |            |            |           |            |  |          |             |            |
| Current accident year combined ratio before   catastrophe losses                    |                                  | 82.8                       | %         |      | 86.4  | %          |           | (3.6)      |  |          | 84.6   | %          |      | 88.0   | % |   | (3.4)     |             |
|                                                                                               |                                  |                                 |           |      |            |            |           |            |  |          |             |            |

----

|                                                                                               |                                  |                                 |           |      |            |            |           |           |  |          |            |            |   |            |   |  |           |           |  |  |          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------------------------------------------------|----------------------------------|---------------------------------|-----------|------|------------|------------|-----------|-----------|--|----------|------------|------------|---|------------|---|--|-----------|-----------|--|--|----------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| (Dollars in millions)                                                                         | Three months ended September 30, | Nine months ended September 30, |
|                                                                                               |                                  | 2024                            |           | 2023 |            | % Change   |           | 2024      |  | 2023     |            | % Change   |
| Earned premiums                                                                               |                                  | $                               | 157  |      |            | $          | 135  |           |  | 16  |            |            | $ | 447   |   |  | $         | 394  |  |  | 13  |  |
| Fee revenues                                                                                  |                                  | —                    |           |      | 1     |            |           | (100)     |  |          | 2     |            |   | 2     |   |  | 0    |           |
|    Total revenues                                                              |                                  | 157                        |           |      | 136   |            |           | 15   |  |          | 449   |            |   | 396   |   |  | 13   |           |
|                                                                                               |                                  |                                 |           |      |            |            |           |           |  |          |            |            |
| Loss and loss expenses                                                                        |                                  | 107                        |           |      | 87    |            |           | 23   |  |          | 299   |            |   | 257   |   |  | 16   |           |
| Underwriting expenses                                                                         |                                  | 42                         |           |      | 35    |            |           | 20   |  |          | 122   |            |   | 101   |   |  | 21   |           |
|    Underwriting profit                                                         |                                  | $                               | 8    |      |            | $          | 14   |           |  | (43)     |            |            | $ | 28    |   |  | $         | 38   |  |  | (26)     |  |
|                                                                                               |                                  |                                 |           |      |            |            |           |           |  |          |            |            |
| Ratios as a percent of earned premiums:                                                   |                                  |                                 |           |      |            | Pt. Change |           |           |  |          |            | Pt. Change |
|      Loss and loss expenses                                          |                                  | 68.6                       | %         |      | 64.9  | %          |           | 3.7  |  |          | 67.0  | %          |   | 65.2  | % |  | 1.8  |           |
|      Underwriting expenses                                           |                                  | 26.7                       |           |      | 25.6  |            |           | 1.1  |  |          | 27.3  |            |   | 25.7  |   |  | 1.6  |           |
|            Combined ratio              |                                  | 95.3                       | %         |      | 90.5  | %          |           | 4.8  |  |          | 94.3  | %          |   | 90.9  | % |  | 3.4  |           |
|                                                                                               |                                  |                                 |           |      |            |            |           |           |  |          |            |            |
|                                                                                               |                                  |                                 |           |      |            | % Change   |           |           |  |          |            | % Change   |
| Agency renewal written premiums                                                               |                             | $                               | 113  |      |            | $          | 93   |           |  | 22  |            |            | $ | 365   |   |  | $         | 316  |  |  | 16  |  |
| Agency new business written premiums                                                          |                                  | 54                         |           |      | 43    |            |           | 26   |  |          | 147   |            |   | 129   |   |  | 14   |           |
| Other written premiums                                                                        |                                  | (10)                            |           |      | (8)        |            |           | (25)      |  |          | (29)       |            |   | (25)       |   |  | (16)      |           |
|    Net written premiums                                                        |                             | $                               | 157  |      |            | $          | 128  |           |  | 23  |            |            | $ | 483   |   |  | $         | 420  |  |  | 15  |  |
|                                                                                               |                                  |                                 |           |      |            |            |           |           |  |          |            |            |
| Ratios as a percent of earned premiums:                                                   |                                  |                                 |           |      |            | Pt. Change |           |           |  |          |            | Pt. Change |
|      Current accident year before catastrophe losses                 |                                  | 64.2                       | %         |      | 64.8  | %          |           | (0.6)     |  |          | 64.6  | %          |   | 67.9  | % |  | (3.3)     |           |
|      Current accident year catastrophe losses                        |                                  | 1.7                        |           |      | (0.6)      |            |           | 2.3  |  |          | 1.4   |            |   | 0.8   |   |  | 0.6  |           |
|      Prior accident years before catastrophe losses                  |                                  | 2.9                        |           |      | 0.9   |            |           | 2.0  |  |          | 1.0   |            |   | (3.3)      |   |  | 4.3  |           |
|      Prior accident years catastrophe losses                         |                                  | (0.2)                           |           |      | (0.2)      |            |           | 0.0  |  |          | 0.0   |            |   | (0.2)      |   |  | 0.2  |           |
|            Loss and loss expense ratio |                                  | 68.6                       | %         |      | 64.9  | %          |           | 3.7  |  |          | 67.0  | %          |   | 65.2  | % |  | 1.8  |           |
|                                                                                               |                                  |                                 |           |      |            |            |           |           |  |          |            |            |
| Current accident year combined ratio before   catastrophe losses                    |                                  | 90.9                       | %         |      | 90.4  | %          |           | 0.5  |  |          | 91.9  | %          |   | 93.6  | % |  | (1.7)     |           |
|                                                                                               |                                  |                                 |           |      |            |            |           |           |  |          |            |            |

----

|                                                     |                                  |                                 |          |  |               |   |          |          |      |         |           |  |     |           |  |    |         |           |  |  |         |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------|----------------------------------|---------------------------------|----------|--|---------------|---|----------|----------|------|---------|-----------|--|-----|-----------|--|----|---------|-----------|--|--|---------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| (Dollars in millions)                               | Three months ended September 30, | Nine months ended September 30, |
|                                                     | 2024                             |                                 | 2023     |  | % Change      |   | 2024     |          | 2023 |         | % Change  |
| Term life insurance                                 |                                  | $                               | 58  |  |               | $ | 56  |          |      | 4  |           |  | $   | 174  |  |    | $       | 170  |  |  | 2  |  |
| Whole life insurance                                |                                  | 13                         |          |  | 12       |   |          | 8   |      |         | 39   |  |     | 37   |  |    | 5  |           |
| Universal life and other                            |                                  | 9                          |          |  | 8        |   |          | 13  |      |         | 27   |  |     | 26   |  |    | 4  |           |
|     Earned premiums             |                                  | 80                         |          |  | 76       |   |          | 5   |      |         | 240  |  |     | 233  |  |    | 3  |           |
| Investment income, net of expenses                  |                                  | 48                         |          |  | 46       |   |          | 4   |      |         | 142  |  |     | 137  |  |    | 4  |           |
| Investment gains and losses, net                    |                                  | —                    |          |  | —  |   |          | nm       |      | (9)     |           |  | (1) |           |  | nm |
| Fee revenues                                        |                                  | 1                          |          |  | 3        |   |          | (67)     |      |         | 4    |  |     | 8    |  |    | (50)    |           |
| Total revenues                                      |                                  | 129                        |          |  | 125      |   |          | 3   |      |         | 377  |  |     | 377  |  |    | 0  |           |
| Contract holders’ benefits incurred           |                                  | 79                         |          |  | 71       |   |          | 11  |      |         | 226  |  |     | 230  |  |    | (2)     |           |
| Underwriting expenses incurred                      |                                  | 24                         |          |  | 22       |   |          | 9   |      |         | 70   |  |     | 64   |  |    | 9  |           |
|     Total benefits and expenses |                                  | 103                        |          |  | 93       |   |          | 11  |      |         | 296  |  |     | 294  |  |    | 1  |           |
| Net income before income tax                        |                                  | 26                         |          |  | 32       |   |          | (19)     |      |         | 81   |  |     | 83   |  |    | (2)     |           |
| Income tax provision                                |                                  | 6                          |          |  | 7        |   |          | (14)     |      |         | 18   |  |     | 18   |  |    | 0  |           |
| Net income of the life insurance subsidiary         |                                  | $                               | 20  |  |               | $ | 25  |          |      | (20)    |           |  | $   | 63   |  |    | $       | 65   |  |  | (3)     |  |
|                                                     |                                  |                                 |          |  |               |   |          |          |      |         |           |  |

----

|                                                                                |      |                                  |                                 |  |            |   |              |          |      |             |           |   |              |           |  |    |              |           |  |           |          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------------------------------------|------|----------------------------------|---------------------------------|--|------------|---|--------------|----------|------|-------------|-----------|---|--------------|-----------|--|----|--------------|-----------|--|-----------|----------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| (Dollars in millions)                                                          |      | Three months ended September 30, | Nine months ended September 30, |
|                                                                                | 2024 |                                  | 2023                            |  | % Change   |   | 2024         |          | 2023 |             | % Change  |
| Investment income, net of expenses                                             |      | $                                | 258                        |  |            | $ | 225     |          |      | 15     |           |   | $            | 745  |  |    | $            | 655  |  |           | 14  |  |
| Investment interest credited to contract holders                               |      | (32)                             |                                 |  | (31)       |   |              | (3)      |      |             | (94)      |   |              | (91)      |  |    | (3)          |           |
| Investment gains and losses, net                                               |      | 758                         |                                 |  | (456)      |   |              | nm       |      | 1,507  |           |   | 84      |           |  | nm |
|       Investments profit (loss)                  |      | $                                | 984                        |  |            | $ | (262)        |          |      | nm          |           | $ | 2,158   |           |  | $  | 648     |           |  | 233  |          |
|                                                                                |      |                                  |                                 |  |            |   |              |          |      |             |           |   |
| Investment income:                                                         |      |                                  |                                 |  |            |   |              |          |      |             |           |   |
|    Interest                                                     |      | $                                | 187                        |  |            | $ | 154     |          |      | 21     |           |   | $            | 529  |  |    | $            | 441  |  |           | 20  |  |
|    Dividends                                                    |      | 68                          |                                 |  | 69    |   |              | (1)      |      |             | 209  |   |              | 205  |  |    | 2       |           |
|    Other                                                        |      | 7                           |                                 |  | 5     |   |              | 40  |      |             | 18   |   |              | 18   |  |    | 0       |           |
|    Less investment expenses                                     |      | 4                           |                                 |  | 3     |   |              | 33  |      |             | 11   |   |              | 9    |  |    | 22      |           |
|       Investment income, pretax                  |      | 258                         |                                 |  | 225   |   |              | 15  |      |             | 745  |   |              | 655  |  |    | 14      |           |
|       Less income taxes                          |      | 44                          |                                 |  | 37    |   |              | 19  |      |             | 125  |   |              | 106  |  |    | 18      |           |
|       Total investment income, after-tax         |      | $                                | 214                        |  |            | $ | 188     |          |      | 14     |           |   | $            | 620  |  |    | $            | 549  |  |           | 13  |  |
|                                                                                |      |                                  |                                 |  |            |   |              |          |      |             |           |   |
| Investment returns:                                                        |      |                                  |                                 |  |            |   |              |          |      |             |           |   |
|  Average invested assets plus cash and cash    equivalents |      | $                                | 29,107                     |  |            | $ | 25,490  |          |      |             |           | $ | 28,447  |           |  | $  | 25,025  |           |  |           |
|       Average yield pretax                       |      | 3.55                        | %                               |  | 3.53  | % |              |          |      | 3.49   | %         |   | 3.49    | %         |  |    |
|       Average yield after-tax                    |      | 2.94                        |                                 |  | 2.95  |   |              |          |      | 2.91   |           |   | 2.93    |           |  |    |
|       Effective tax rate                         |      | 16.9                        |                                 |  | 16.3  |   |              |          |      | 16.8   |           |   | 16.2    |           |  |    |
| Fixed-maturity returns:                                                    |      |                                  |                                 |  |            |   |              |          |      |             |           |   |
| Average amortized cost                                                         |      | $                                | 15,592                     |  |            | $ | 13,879  |          |      |             |           | $ | 15,218  |           |  | $  | 13,515  |           |  |           |
| Average yield pretax                                                           |      | 4.80                        | %                               |  | 4.44  | % |              |          |      | 4.63   | %         |   | 4.35    | %         |  |    |
| Average yield after-tax                                                        |      | 3.93                        |                                 |  | 3.66  |   |              |          |      | 3.80   |           |   | 3.59    |           |  |    |
| Effective tax rate                                                             |      | 18.1                        |                                 |  | 17.6  |   |              |          |      | 18.0   |           |   | 17.4    |           |  |    |
|                                                                                |      |                                  |                                 |  |            |   |              |          |      |             |           |   |

|                                                                                  |      |                                  |             |                                 |         |   |       |             |  |   |             |  |  |   |         |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------------------------------------------|------|----------------------------------|-------------|---------------------------------|---------|---|-------|-------------|--|---|-------------|--|--|---|---------|--|--|--|--|--|--|--|--|--|--|--|
| (Dollars in millions)                                                            |      | Three months ended September 30, |             | Nine months ended September 30, |
|                                                                                  | 2024 |                                  | 2023        |                                 | 2024    |   | 2023  |
| Investment gains and losses on equity securities sold, net                       |      | $                                | 24     |                                 |         | $ | (5)   |             |  | $ | 146    |  |  | $ | 2  |  |
| Unrealized gains and losses on equity securities still held, net                 |      | 817                         |             |                                 | (458)   |   |       | 1,446  |  |   | 99     |  |
| Investment gains and losses on fixed-maturity securities, net                    |      | (86)                             |             |                                 | 1  |   |       | (114)       |  |   | (6)         |  |
| Other                                                                            |      | 3                           |             |                                 | 6  |   |       | 29     |  |   | (11)        |  |
| Subtotal - investment gains and losses reported in net income                    |      | 758                         |             |                                 | (456)   |   |       | 1,507  |  |   | 84     |  |
|                                                                                  |      |                                  |             |                                 |         |   |       |             |
| Change in unrealized investment gains and losses - fixed    maturities |      | 497                         |             |                                 | (369)   |   |       | 367    |  |   | (360)       |  |
| Total                                                                            |      | $                                | 1,255  |                                 |         | $ | (825) |             |  | $ | 1,874  |  |  | $ | (276)   |  |
|                                                                                  |      |                                  |             |                                 |         |   |       |             |

----

|                                               |                  |                 |              |  |              |   |              |  |  |  |  |  |  |  |
|-----------------------------------------------|------------------|-----------------|--------------|--|--------------|---|--------------|--|--|--|--|--|--|--|
| (Dollars in millions, except share data)      | At September 30, | At December 31, |
|                                               | 2024             |                 | 2023         |
|    Total investments           |                  | $               | 28,104  |  |              | $ | 25,357  |  |
|    Total assets                |                  | 37,009     |              |  | 32,769  |   |
|    Short-term debt             |                  | 25         |              |  | 25      |   |
|    Long-term debt              |                  | 790        |              |  | 790     |   |
|    Shareholders’ equity  |                  | 13,804     |              |  | 12,098  |   |
|    Book value per share        |                  | 88.32      |              |  | 77.06   |   |
|    Debt-to-total-capital ratio |                  | 5.6        | %            |  | 6.3     | % |
|                                               |                  |                 |              |  |

----

----

----

----

|                                                                    |                                  |             |                                 |             |               |              |                   |              |   |              |  |  |   |             |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------------------------|----------------------------------|-------------|---------------------------------|-------------|---------------|--------------|-------------------|--------------|---|--------------|--|--|---|-------------|--|--|--|--|--|--|--|--|--|
| (Dollars in millions)                                              |                                  |             |                                 |             | September 30, |              | December 31, |
|                                                                    |                                  |             |                                 |             | 2024          |              | 2023              |
| Assets                                                             |                                  |             |                                 |             |               |              |                   |
|    Investments                                      |                                  |             |                                 |        | $             | 28,104  |                   |              | $ | 25,357  |  |
|    Cash and cash equivalents                        |                                  |             |                                 |             | 1,752    |              |                   | 907     |   |
|                                                                    |                                  |             |                                 |             |               |              |                   |
|    Premiums receivable                              |                                  |             |                                 |             | 3,012    |              |                   | 2,592   |   |
|    Reinsurance recoverable                          |                                  |             |                                 |             | 548      |              |                   | 651     |   |
| Deferred policy acquisition costs                                  |                                  |             |                                 |             | 1,241    |              |                   | 1,093   |   |
|    Other assets                                     |                                  |             |                                 |             | 2,352    |              |                   | 2,169   |   |
| Total assets                                                       |                                  |             |                                 |        | $             | 37,009  |                   |              | $ | 32,769  |  |
|                                                                    |                                  |             |                                 |             |               |              |                   |
| Liabilities                                                        |                                  |             |                                 |             |               |              |                   |
|    Insurance reserves                               |                                  |             |                                 |        | $             | 12,997  |                   |              | $ | 12,118  |  |
|    Unearned premiums                                |                                  |             |                                 |             | 4,874    |              |                   | 4,119   |   |
|    Deferred income tax                              |                                  |             |                                 |             | 1,600    |              |                   | 1,324   |   |
|    Long-term debt and lease obligations             |                                  |             |                                 |             | 849      |              |                   | 849     |   |
|    Other liabilities                                |                                  |             |                                 |             | 2,885    |              |                   | 2,261   |   |
| Total liabilities                                                  |                                  |             |                                 |             | 23,205   |              |                   | 20,671  |   |
|                                                                    |                                  |             |                                 |             |               |              |                   |
| Shareholders’ Equity                                         |                                  |             |                                 |             |               |              |                   |
|    Common stock and paid-in capital                 |                                  |             |                                 |             | 1,879    |              |                   | 1,834   |   |
|    Retained earnings                                |                                  |             |                                 |             | 14,591   |              |                   | 13,084  |   |
|    Accumulated other comprehensive loss             |                                  |             |                                 |             | (150)         |              |                   | (435)        |   |
|    Treasury stock                                   |                                  |             |                                 |             | (2,516)       |              |                   | (2,385)      |   |
| Total shareholders' equity                                         |                                  |             |                                 |             | 13,804   |              |                   | 12,098  |   |
| Total liabilities and shareholders' equity                         |                                  |             |                                 |        | $             | 37,009  |                   |              | $ | 32,769  |  |
|                                                                    |                                  |             |                                 |             |               |              |                   |
| (Dollars in millions, except per share data)                       | Three months ended September 30, |             | Nine months ended September 30, |
|                                                                    | 2024                             |             | 2023                            |             | 2024          |              | 2023              |
| Revenues                                                           |                                  |             |                                 |             |               |              |                   |
|    Earned premiums                                  | $                                | 2,297  |                                 |             | $             | 2,033   |                   |              | $ | 6,524   |  |  | $ | 5,894  |  |
|    Investment income, net of expenses               | 258                         |             |                                 | 225    |               |              | 745          |              |   | 655     |  |
|    Investment gains and losses, net                 | 758                         |             |                                 | (456)       |               |              | 1,507        |              |   | 84      |  |
|    Other revenues                                   | 7                           |             |                                 | 9      |               |              | 23           |              |   | 24      |  |
|       Total revenues                 | 3,320                       |             |                                 | 1,811  |               |              | 8,799        |              |   | 6,657   |  |
|                                                                    |                                  |             |                                 |             |               |              |                   |
| Benefits and Expenses                                              |                                  |             |                                 |             |               |              |                   |
|    Insurance losses and contract holders' benefits  | 1,578                       |             |                                 | 1,332  |               |              | 4,407        |              |   | 4,070   |  |
|    Underwriting, acquisition and insurance expenses | 683                         |             |                                 | 609    |               |              | 1,954        |              |   | 1,744   |  |
|    Interest expense                                 | 13                          |             |                                 | 13     |               |              | 40           |              |   | 40      |  |
|    Other operating expenses                         | 6                           |             |                                 | 5      |               |              | 19           |              |   | 17      |  |
|       Total benefits and expenses    | 2,280                       |             |                                 | 1,959  |               |              | 6,420        |              |   | 5,871   |  |
|                                                                    |                                  |             |                                 |             |               |              |                   |
| Income (Loss) Before Income Taxes                                  | 1,040                       |             |                                 | (148)       |               |              | 2,379        |              |   | 786     |  |
|                                                                    |                                  |             |                                 |             |               |              |                   |
| Provision (Benefit) for Income Taxes                               | 220                         |             |                                 | (49)        |               |              | 492          |              |   | 126     |  |
|                                                                    |                                  |             |                                 |             |               |              |                   |
| Net Income (Loss)                                                  | $                                | 820    |                                 |             | $             | (99)         |                   |              | $ | 1,887   |  |  | $ | 660    |  |
|                                                                    |                                  |             |                                 |             |               |              |                   |
| Per Common Share:                                              |                                  |             |                                 |             |               |              |                   |
|    Net income (loss)—basic                    | $                                | 5.25   |                                 |             | $             | (0.63)       |                   |              | $ | 12.06   |  |  | $ | 4.20   |  |
|    Net income (loss)—diluted                  | 5.20                        |             |                                 | (0.63)      |               |              | 11.97        |              |   | 4.17    |  |
|                                                                    |                                  |             |                                 |             |               |              |                   |

----

----

|                                                             |                                  |                                 |            |      |            |      |            |             |  |   |             |  |  |   |            |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------------------|----------------------------------|---------------------------------|------------|------|------------|------|------------|-------------|--|---|-------------|--|--|---|------------|--|--|--|--|--|--|--|--|--|--|--|
|  Net Income Reconciliation                             |
|                                                             |
| (Dollars in millions, except per share data)                | Three months ended September 30, | Nine months ended September 30, |
|                                                             |                                  | 2024                            |            | 2023 |            | 2024 |            | 2023        |
| Net income (loss)                                           |                                  | $                               | 820   |      |            | $    | (99)       |             |  | $ | 1,887  |  |  | $ | 660   |  |
| Less:                                                   |                                  |                                 |            |      |            |      |            |             |
|    Investment gains and losses, net          |                                  | 758                        |            |      | (456)      |      |            | 1,507  |  |   | 84     |  |
|    Income tax on investment gains and losses |                                  | (162)                           |            |      | 96    |      |            | (320)       |  |   | (17)        |  |
|    Investment gains and losses, after-tax    |                                  | 596                        |            |      | (360)      |      |            | 1,187  |  |   | 67     |  |
|                                                             |                                  |                                 |            |      |            |      |            |             |
| Non-GAAP operating income                                   |                                  | $                               | 224   |      |            | $    | 261   |             |  | $ | 700    |  |  | $ | 593   |  |
|                                                             |                                  |                                 |            |      |            |      |            |             |
| Diluted per share data:                                 |                                  |                                 |            |      |            |      |            |             |
| Net income (loss)                                           |                                  | $                               | 5.20  |      |            | $    | (0.63)     |             |  | $ | 11.97  |  |  | $ | 4.17  |  |
| Less:                                                   |                                  |                                 |            |      |            |      |            |             |
|    Investment gains and losses, net          |                                  | 4.80                       |            |      | (2.90)     |      |            | 9.55   |  |   | 0.53   |  |
|    Income tax on investment gains and losses |                                  | (1.02)                          |            |      | 0.61  |      |            | (2.02)      |  |   | (0.11)      |  |
|    Investment gains and losses, after-tax    |                                  | 3.78                       |            |      | (2.29)     |      |            | 7.53   |  |   | 0.42   |  |
|                                                             |                                  |                                 |            |      |            |      |            |             |
|    Non-GAAP operating income                 |                                  | $                               | 1.42  |      |            | $    | 1.66  |             |  | $ | 4.44   |  |  | $ | 3.75  |  |
|                                                             |                                  |                                 |            |      |            |      |            |             |

|                                                                          |                                  |                                 |          |      |               |      |          |          |  |   |               |  |  |   |          |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------------------------------|----------------------------------|---------------------------------|----------|------|---------------|------|----------|----------|--|---|---------------|--|--|---|----------|--|--|--|--|--|--|--|--|--|--|--|
| Life Insurance Reconciliation                                            |
|                                                                          |
| (Dollars in millions)                                                    | Three months ended September 30, | Nine months ended September 30, |
|                                                                          |                                  | 2024                            |          | 2023 |               | 2024 |          | 2023     |
| Net income of the life insurance subsidiary                              |                                  | $                               | 20  |      |               | $    | 25  |          |  | $ | 63       |  |  | $ | 65  |  |
| Investment gains and losses, net                                         |                                  | —                    |          |      | —  |      |          | (9)      |  |   | (1)           |  |
| Income tax on investment gains and losses                                |                                  | —                    |          |      | —  |      |          | (2)      |  |   | —  |  |
| Non-GAAP operating income                                                |                                  | 20                         |          |      | 25       |      |          | 70  |  |   | 66       |  |
|                                                                          |                                  |                                 |          |      |               |      |          |          |
| Investment income, net of expenses                                       |                                  | (48)                            |          |      | (46)          |      |          | (142)    |  |   | (137)         |  |
| Investment income credited to contract holders                           |                                  | 32                         |          |      | 31       |      |          | 94  |  |   | 91       |  |
| Income tax excluding tax on investment gains   and losses, net |                                  | 6                          |          |      | 7        |      |          | 20  |  |   | 18       |  |
| Life insurance segment profit                                            |                                  | $                               | 10  |      |               | $    | 17  |          |  | $ | 42       |  |  | $ | 38  |  |
|                                                                          |                                  |                                 |          |      |               |      |          |          |

----

|                                                                                                                                                                                       |                                       |               |             |         |        |          |   |             |  |       |  |   |             |               |  |        |   |           |  |  |  |   |           |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------|---------------|-------------|---------|--------|----------|---|-------------|--|-------|--|---|-------------|---------------|--|--------|---|-----------|--|--|--|---|-----------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Property Casualty Insurance Reconciliation                                                                                                                                            |
| (Dollars in millions)                                                                                                                                                                 | Three months ended September 30, 2024 |
|                                                                                                                                                                                       | Consolidated                          | Commercial    | Personal    | E&S |        | Other*   |
| Premiums:                                                                                                                                                                         |                                       |               |             |         |        |          |   |             |  |       |  |   |             |               |
|    Net written premiums                                                                                                                                                |                                  | $             | 2,293  |         |        |     | $ | 1,138  |  |       |  | $ | 832    |               |  |   | $ | 157  |  |  |  | $ | 166  |  |
|    Unearned premiums change                                                                                                                                            |                                       | (76)          |             |         |        | (1)      |   |             |  | (154) |  |   |             | —  |  |        |   | 79   |  |
|    Earned premiums                                                                                                                                                     |                                  | $             | 2,217  |         |        |     | $ | 1,137  |  |       |  | $ | 678    |               |  |   | $ | 157  |  |  |  | $ | 245  |  |
|                                                                                                                                                                                       |                                       |               |             |         |        |          |   |             |  |       |  |   |             |               |
| Underwriting profit (loss)                                                                                                                                                            |                                       | $             | 62     |         |        |          | $ | 81     |  |       |  | $ | (69)        |               |  |        | $ | 8    |  |  |  | $ | 42   |  |
|                                                                                                                                                                                       |                                       |               |             |         |        |          |   |             |  |       |  |   |             |               |
| (Dollars in millions)                                                                                                                                                                 | Nine months ended September 30, 2024  |
|                                                                                                                                                                                       | Consolidated                          | Commercial    | Personal    | E&S |        | Other*   |
| Premiums:                                                                                                                                                                         |                                       |               |             |         |        |          |   |             |  |       |  |   |             |               |
|    Net written premiums                                                                                                                                                |                                  | $             | 7,000  |         |        |          | $ | 3,547  |  |       |  | $ | 2,246  |               |  |        | $ | 483  |  |  |  | $ | 724  |  |
|    Unearned premiums change                                                                                                                                            |                                       | (716)         |             |         |        | (221)    |   |             |  | (349) |  |   |             | (36)          |  |        |   | (110)     |  |
|    Earned premiums                                                                                                                                                     |                                  | $             | 6,284  |         |        |          | $ | 3,326  |  |       |  | $ | 1,897  |               |  |        | $ | 447  |  |  |  | $ | 614  |  |
|                                                                                                                                                                                       |                                       |               |             |         |        |          |   |             |  |       |  |   |             |               |
| Underwriting profit (loss)                                                                                                                                                            |                                       | $             | 228    |         |        |          | $ | 130    |  |       |  | $ | (74)        |               |  |        | $ | 28   |  |  |  | $ | 144  |  |
|                                                                                                                                                                                       |                                       |               |             |         |        |          |   |             |  |       |  |   |             |               |
| (Dollars in millions)                                                                                                                                                                 | Three months ended September 30, 2023 |
|                                                                                                                                                                                       | Consolidated                          | Commercial    | Personal    | E&S | Other* |
| Premiums:                                                                                                                                                                         |                                       |               |             |         |        |          |   |             |  |       |  |   |             |               |
|    Net 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:                                                                                                                                                                         |                                       |               |             |         |        |          |   |             |  |       |  |   |             |               |
|    Net 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  |  |
|                                                                                                                                                                                       |                                       |               |             |         |        |          |   |             |  |       |  |   |             |               |
|   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, |
|                                                                                                                                                       | 2024                             |                                 | 2023        |  | 2024        |   | 2023        |
|                                                                                                                                                       |                                  |                                 |             |  |             |   |             |             |
|                                                                                                                                                       |                                  |                                 |             |  |             |   |             |             |
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|                                                                                                                                                       |                                  |                                 |             |  |             |   |             |             |
|                                                                                                                                                       |                                  |                                 |             |  |             |   |             |             |
| Value creation ratio:                                                                                                                             |                                  |                                 |             |  |             |   |             |             |
|    End of period book value*                                                                                                           |                                  | $                               | 88.32  |  |             | $ | 67.72  |             |   | $ | 88.32  |   |  | $ | 67.72  |  |
|    Less beginning of period book value                                                                                                 |                                  | 81.79                      |             |  | 70.33  |   |             | 77.06  |   |   | 67.01  |   |
|    Change in book value                                                                                                                |                                  | 6.53                       |             |  | (2.61)      |   |             | 11.26  |   |   | 0.71   |   |
|    Dividend declared to shareholders                                                                                                   |                                  | 0.81                       |             |  | 0.75   |   |             | 2.43   |   |   | 2.25   |   |
|    Total value creation                                                                                                                |                                  | $                               | 7.34   |  |             | $ | (1.86)      |             |   | $ | 13.69  |   |  | $ | 2.96   |  |
|                                                                                                                                                       |                                  |                                 |             |  |             |   |             |             |
| Value creation ratio from change in book value**                                                                                                      |                                  | 8.0                        | %           |  | (3.7)       | % |             | 14.6   | % |   | 1.1    | % |
| Value creation ratio from dividends declared to    shareholders***                                                                     |                                  | 1.0                        |             |  | 1.1    |   |             | 3.2    |   |   | 3.3    |   |
| Value creation ratio                                                                                                                                  |                                  | 9.0                        | %           |  | (2.6)       | % |             | 17.8   | % |   | 4.4    | % |
|                                                                                                                                                       |                                  |                                 |             |  |             |   |             |             |
|     * 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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