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

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

----

|                                                     |
|-----------------------------------------------------|
|                                                     |  |  |
|                                                | Cincinnati Financial Corporation |
|                                                | Supplemental Financial Data |
|                                                | for the period ending June 30, 2014 |
|                                                |   |   |
|                                                |   | Page |
|                                                | Definitions of Non-GAAP Information and Reconciliation to Comparable GAAP Measures | 3 |
|                                                |   |   |
| Consolidated                                        |   |
|                                                | Quick Reference | 4 |
|                                                | CFC and Subsidiaries Consolidation – Six Months Ended June 30, 2014 | 5 |
|                                                | CFC and Subsidiaries Consolidation – Three Months Ended June 30, 2014 | 6 |
|                                                | CFC Insurance Subsidiaries – Selected Balance Sheet Data | 7 |
|                                                |   |   |
| Consolidated Property Casualty Insurance Operations |   |
|                                                | Statutory Statements of Income | 8 |
|                                                | Consolidated Cincinnati Insurance Companies – Losses Incurred Detail | 9 |
|                                                | Consolidated Cincinnati Insurance Companies – Loss Ratio Detail | 10 |
|                                                | Consolidated Cincinnati Insurance Companies – Loss Claim Count Detail | 11 |
|                                                | Direct Written Premiums by Line of Business and State | 12 |
|                                                | Quarterly Property Casualty Data – Commercial Lines | 13 |
|                                                | Quarterly Property Casualty Data – Personal Lines and Excess & Surplus Lines | 14 |
|                                                | Loss and Loss Expense Analysis – Six Months Ended June 30, 2014 | 15 |
|                                                | Loss and Loss Expense Analysis – Three Months Ended June 30, 2014 | 16 |
|                                                |   |   |
| Reconciliation Data                                 |   |
|                                                | Quarterly Property Casualty Data – Consolidated | 17 |
|                                                | Quarterly Property Casualty Data – Commercial Lines | 18 |
|                                                | Quarterly Property Casualty Data – Personal Lines | 19 |
|                                                | Quarterly Property Casualty Data – Excess & Surplus Lines | 20 |
|                                                |   |   |
| Life Insurance Operations                           |   |
|                                                | Statutory Statements of Income | 21 |

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

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

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

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

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|                                                                              |
|------------------------------------------------------------------------------|
|                                                                              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Cincinnati Financial Corporation                                             |
| Quick Reference                                                              |   | — | Second Quarter 2014 |
| (all data shown is for the three months ended or as of June 30, 2014)        |
|                                                                         |   |   |   |   |   |   |   |   |
|                                                                         | 6/30/2014 |   | Year over year change % |   |   | 6/30/2014 |   | Year over year change % |
| Revenues:                                                                    |   |   |   |   | Benefits and expenses: |   |   |   |
|                                                                         |   |   |   |   |   |   |   |   |
| Commercial lines net written premiums                                        | $ | 748 |  |   | 10 |  |   | Commercial lines loss and loss expenses | $ | 461 |  |   | 16 |  |
| Personal lines net written premiums                                          | 294 |  |   | 8 |  |   | Personal lines loss and loss expenses | 227 |  |   | 37 |  |
| Excess & surplus lines net written premiums                              | 40 |  |   | 21 |  |   | Excess & surplus lines loss and loss expenses | 19 |  |   | 6 |  |
|    Property casualty net written premiums                     | 1,082 |  |   | 10 |  |   | Life and health contract holders' benefits incurred | 56 |  |   | 17 |  |
| Life and accident and health net written premiums                            | 54 |  |   | 4 |  |   | Underwriting, acquisition and insurance expenses | 328 |  |   | 7 |  |
| Annuity net written premiums                                                 | 12 |  |   | 17 |  |   | Interest expenses | 13 |  |   | (7 | ) |
|    Life, annuity and accident and health net written premiums | 66 |  |   | 6 |  |   | Other operating expenses | 3 |  |   | (25 | ) |
| Commercial lines net earned premiums                                         | 714 |  |   | 11 |  |   | Total benefits & expenses | 1,107 |  |   | 16 |  |
| Personal lines net earned premiums                                           | 258 |  |   | 9 |  |   | Income before income taxes | 107 |  |   | (28 | ) |
| Excess & surplus lines net earned premiums                               | 34 |  |   | 21 |  |   | Total income tax | 23 |  |   | (39 | ) |
| Property casualty net earned premiums                                        | 1,006 |  |   | 11 |  |   |   |   |   |   |
| Fee revenue                                                                  | 3 |  |   | 0 |  |   | Balance Sheet: |   |   |   |
| Life and accident and health net earned premiums                             | 53 |  |   | 20 |  |   |   |   |   |   |
| Investment income                                                            | 136 |  |   | 4 |  |   | Fixed maturity investments | $ | 9,383 |  |   |   |
| Realized gains on investments                                                | 14 |  |   | 0 |  |   | Equity securities | 4,605 |  |   |   |
| Other revenue                                                                | 2 |  |   | 0 |  |   | Other invested assets | 72 |  |   |   |
| Total revenues                                                               | 1,214 |  |   | 10 |  |   |   Total invested assets | $ | 14,060 |  |   |   |
|                                                                         |   |   |   |   |   |   |   |   |
|                                                                         |   |   |   |   | Loss and loss expense reserves | $ | 4,444 |  |   |   |
|                                                                         |   |   |   |   | Life policy and investment contract reserves | 2,454 |  |   |   |
| Income:                                                                      |   |   |   |   | Long-term debt and capital lease obligations | 831 |  |   |   |
|                                                                         |   |   |   |   | Shareholders' equity | 6,343 |  |   |   |
| Operating income                                                             | $ | 75 |  |   | (25 | ) |   |   |   |   |   |
| Net realized investment gains and losses                                     | 9 |  |   | (10 | ) |   | Key ratios: |   |   |   |
| Net income                                                                   | 84 |  |   | (24 | ) |   |   |   |   |   |
|                                                                         |   |   |   |   | Commercial lines GAAP combined ratio | 96.3 | % |   |   |
|                                                                         |   |   |   |   | Personal lines GAAP combined ratio | 115.8 |  |   |   |
|                                                                         |   |   |   |   | Excess & surplus lines GAAP combined ratio | 85.0 |  |   |   |
|                                                                         |   |   |   |   | Property casualty GAAP combined ratio | 100.9 |  |   |   |
| Per share (diluted):                                                         |   |   |   |   |   |   |   |   |
|                                                                         |   |   |   |   | Commercial lines STAT combined ratio | 95.0 | % |   |   |
| Operating income                                                             | $ | 0.46 |  |   | (25 | ) |   | Personal lines STAT combined ratio | 114.3 |  |   |   |
| Net realized investment gains and losses                                     | 0.05 |  |   | 0 |  |   | Excess & surplus lines STAT combined ratio | 86.1 |  |   |   |
| Net income                                                                   | 0.51 |  |   | (23 | ) |   | Property casualty STAT combined ratio | 99.6 |  |   |   |
| Book value                                                                   | 38.77 |  |   | 11 |  |   |   |   |   |   |
| Weighted average shares outstanding, in millions                             | 165.1 |  |   | 0 |  |   | Value creation ratio | 3.9 | % |   |   |

----

|                                                                                             |
|---------------------------------------------------------------------------------------------|
|                                                                                             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Cincinnati Financial Corporation and Subsidiaries                                           |
| Consolidated Statements of Income for the Six Months Ended June 30, 2014                    |
|                                                                                        |   |   |   |   |   |   |
| (In millions)                                                                               | CFC | CONSOL P&C | CLIC | CFC-I | ELIM | Total |
| Revenues                                                                                    |   |   |   |   |   |   |
|   Premiums earned:                                                                |   |   |   |   |   |   |
|     Property casualty                                                   | $ | — |  | $ | 2,072 |  | $ | — |  | $ | — |  | $ | — |  | $ | 2,072 |  |
|     Life                                                                | — |  | — |  | 127 |  | — |  | — |  | 127 |  |
|     Accident health                                                     | — |  | — |  | 3 |  | — |  | — |  | 3 |  |
|     Premiums ceded                                                      | — |  | (87 | ) | (29 | ) | — |  | — |  | (116 | ) |
|       Total earned premium                                    | — |  | 1,985 |  | 101 |  | — |  | — |  | 2,086 |  |
|   Investment income                                                               | 21 |  | 178 |  | 72 |  | — |  | — |  | 271 |  |
|   Realized gain on investments                                                    | 10 |  | 22 |  | 4 |  | — |  | — |  | 36 |  |
|   Fee revenue                                                                     | — |  | 3 |  | 3 |  | — |  | — |  | 6 |  |
|   Other revenue                                                                   | 7 |  | 1 |  | — |  | 3 |  | (7 | ) | 4 |  |
| Total revenues                                                                              | $ | 38 |  | $ | 2,189 |  | $ | 180 |  | $ | 3 |  | $ | (7 | ) | $ | 2,403 |  |
|                                                                                        |   |   |   |   |   |   |
| Benefits & expenses                                                                     |   |   |   |   |   |   |
|   Losses & policy benefits                                                    | $ | — |  | $ | 1,397 |  | $ | 148 |  | $ | — |  | $ | — |  | $ | 1,545 |  |
|   Reinsurance recoveries                                                          | — |  | (14 | ) | (36 | ) | — |  | — |  | (50 | ) |
|   Underwriting, acquisition and insurance expenses                                | — |  | 614 |  | 34 |  | — |  | — |  | 648 |  |
|   Interest expense                                                                | 27 |  | — |  | — |  | — |  | — |  | 27 |  |
|   Other operating expenses                                                        | 14 |  | — |  | — |  | 1 |  | (8 | ) | 7 |  |
| Total expenses                                                                              | $ | 41 |  | $ | 1,997 |  | $ | 146 |  | $ | 1 |  | $ | (8 | ) | $ | 2,177 |  |
|                                                                                        |   |   |   |   |   |   |
| Income (loss) before income taxes                                                           | $ | (3 | ) | $ | 192 |  | $ | 34 |  | $ | 2 |  | $ | 1 |  | $ | 226 |  |
|                                                                                        |   |   |   |   |   |   |
| Provision (benefit) for income taxes                                                        |   |   |   |   |   |   |
|   Current operating income                                                        | $ | (6 | ) | $ | 34 |  | $ | (4 | ) | $ | 1 |  | $ | — |  | $ | 25 |  |
|   Capital gains/losses                                                            | 4 |  | 8 |  | 1 |  | — |  | — |  | 13 |  |
|   Deferred                                                                        | (4 | ) | 2 |  | 15 |  | — |  | — |  | 13 |  |
| Total provision (benefit) for income taxes                                                  | $ | (6 | ) | $ | 44 |  | $ | 12 |  | $ | 1 |  | $ | — |  | $ | 51 |  |
|                                                                                        |   |   |   |   |   |   |
| Operating income (loss)                                                                     | $ | (3 | ) | $ | 134 |  | $ | 19 |  | $ | 1 |  | $ | 1 |  | $ | 152 |  |
|                                                                                        |   |   |   |   |   |   |
| Net income - current year                                                                   | $ | 3 |  | $ | 148 |  | $ | 22 |  | $ | 1 |  | $ | 1 |  | $ | 175 |  |
|                                                                                        |   |   |   |   |   |   |
| Net income - prior year                                                                     | $ | 3 |  | $ | 232 |  | $ | 27 |  | $ | 1 |  | $ | 1 |  | $ | 264 |  |
| *Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. |   |   |   |

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|                                                                                             |
|---------------------------------------------------------------------------------------------|
|                                                                                             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Cincinnati Financial Corporation and Subsidiaries                                           |
| Consolidated Statements of Income for the Three Months Ended June 30, 2014                  |
|                                                                                        |   |   |   |   |   |   |
| (In millions)                                                                               | CFC | CONSOL P&C | CLIC | CFC-I | ELIM | Total |
| Revenues                                                                                    |   |   |   |   |   |   |
|   Premiums earned:                                                                |   |   |   |   |   |   |
|     Property casualty                                                   | $ | — |  | $ | 1,050 |  | $ | — |  | $ | — |  | $ | — |  | $ | 1,050 |  |
|     Life                                                                | — |  | — |  | 66 |  | — |  | — |  | 66 |  |
|     Accident health                                                     | — |  | — |  | 2 |  | — |  | — |  | 2 |  |
|     Premiums ceded                                                      | — |  | (44 | ) | (15 | ) | — |  | — |  | (59 | ) |
|       Total earned premium                                    | — |  | 1,006 |  | 53 |  | — |  | — |  | 1,059 |  |
|   Investment income                                                               | 10 |  | 89 |  | 37 |  | — |  | — |  | 136 |  |
|   Realized gain (loss) on investments                                             | (3 | ) | 14 |  | 3 |  | — |  | — |  | 14 |  |
|   Fee revenue                                                                     | — |  | 2 |  | 1 |  | — |  | — |  | 3 |  |
|   Other revenue                                                                   | 3 |  | 1 |  | — |  | 1 |  | (3 | ) | 2 |  |
| Total revenues                                                                              | $ | 10 |  | $ | 1,112 |  | $ | 94 |  | $ | 1 |  | $ | (3 | ) | $ | 1,214 |  |
|                                                                                        |   |   |   |   |   |   |
| Benefits & expenses                                                                     |   |   |   |   |   |   |
|   Losses & policy benefits                                                    | $ | — |  | $ | 718 |  | $ | 68 |  | $ | — |  | $ | — |  | $ | 786 |  |
|   Reinsurance recoveries                                                          | — |  | (11 | ) | (12 | ) | — |  | — |  | (23 | ) |
|   Underwriting, acquisition and insurance expenses                                | — |  | 309 |  | 19 |  | — |  | — |  | 328 |  |
|   Interest expense                                                                | 13 |  | — |  | — |  | — |  | — |  | 13 |  |
|   Other operating expenses                                                        | 6 |  | — |  | — |  | — |  | (3 | ) | 3 |  |
| Total expenses                                                                              | $ | 19 |  | $ | 1,016 |  | $ | 75 |  | $ | — |  | $ | (3 | ) | $ | 1,107 |  |
|                                                                                        |   |   |   |   |   |   |
| Income (loss) before income taxes                                                           | $ | (9 | ) | $ | 96 |  | $ | 19 |  | $ | 1 |  | $ | — |  | $ | 107 |  |
|                                                                                        |   |   |   |   |   |   |
| Provision (benefit) for income taxes                                                        |   |   |   |   |   |   |
|   Current operating income                                                        | $ | (2 | ) | $ | 16 |  | $ | (2 | ) | $ | 1 |  | $ | — |  | $ | 13 |  |
|   Capital gains/losses                                                            | (1 | ) | 5 |  | 1 |  | — |  | — |  | 5 |  |
|   Deferred                                                                        | (3 | ) | 1 |  | 7 |  | — |  | — |  | 5 |  |
| Total provision (benefit) for income taxes                                                  | $ | (6 | ) | $ | 22 |  | $ | 6 |  | $ | 1 |  | $ | — |  | $ | 23 |  |
|                                                                                        |   |   |   |   |   |   |
| Operating income (loss)                                                                     | $ | (1 | ) | $ | 65 |  | $ | 11 |  | $ | — |  | $ | — |  | $ | 75 |  |
|                                                                                        |   |   |   |   |   |   |
| Net income (loss) - current year                                                            | $ | (3 | ) | $ | 74 |  | $ | 13 |  | $ | — |  | $ | — |  | $ | 84 |  |
|                                                                                        |   |   |   |   |   |   |
| Net income (loss) - prior year                                                              | $ | 1 |  | $ | 97 |  | $ | 13 |  | $ | — |  | $ | (1 | ) | $ | 110 |  |
| *Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. |   |   |   |

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

----

|                                                                                                                                                                                                                                                                                                                        |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Consolidated Cincinnati Insurance Companies                                                                                                                                                                                                                                                                            |
| Statutory Statements of Income                                                                                                                                                                                                                                                                                         |
|                                                                                                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                   | For the Three Months Ended June 30, | For the Six Months Ended June 30, |
| (Dollars in millions)                                                                                                                                                                                                                                                                                                  | 2014 | 2013 | Change | % Change | 2014 | 2013 | Change | % Change |
| Underwriting income                                                                                                                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| Net premiums written                                                                                                                                                                                                                                                                                                   | $ | 1,082 |  | $ | 984 |  | $ | 98 |  | 10 |  | $ | 2,119 |  | $ | 1,954 |  | $ | 165 |  | 8 |  |
| Unearned premiums increase                                                                                                                                                                                                                                                                                             | 76 |  | 74 |  | 2 |  | 3 |  | 134 |  | 155 |  | (21 | ) | (14 | ) |
| Earned premiums                                                                                                                                                                                                                                                                                                        | $ | 1,006 |  | $ | 910 |  | $ | 96 |  | 11 |  | $ | 1,985 |  | $ | 1,799 |  | $ | 186 |  | 10 |  |
|                                                                                                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |
| Losses incurred                                                                                                                                                                                                                                                                                                        | $ | 612 |  | $ | 513 |  | $ | 99 |  | 19 |  | $ | 1,178 |  | $ | 948 |  | $ | 230 |  | 24 |  |
| Allocated loss expenses incurred                                                                                                                                                                                                                                                                                       | 39 |  | 10 |  | 29 |  | nm |  | 90 |  | 44 |  | 46 |  | nm |  |
| Unallocated loss expenses incurred                                                                                                                                                                                                                                                                                     | 56 |  | 60 |  | (4 | ) | (7 | ) | 115 |  | 115 |  | — |  | — |  |
| Other underwriting expenses incurred                                                                                                                                                                                                                                                                                   | 314 |  | 297 |  | 17 |  | 6 |  | 611 |  | 584 |  | 27 |  | 5 |  |
| Workers compensation dividend incurred                                                                                                                                                                                                                                                                                 | 4 |  | 4 |  | — |  | — |  | 8 |  | 8 |  | — |  | — |  |
|                                                                                                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |
|      Total underwriting deductions                                                                                                                                                                                                                                                            | $ | 1,025 |  | $ | 884 |  | $ | 141 |  | 16 |  | $ | 2,002 |  | $ | 1,699 |  | $ | 303 |  | 18 |  |
| Net underwriting profit (loss)                                                                                                                                                                                                                                                                                         | $ | (19 | ) | $ | 26 |  | $ | (45 | ) | nm |  | $ | (17 | ) | $ | 100 |  | $ | (117 | ) | nm |  |
|                                                                                                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |
| Investment income                                                                                                                                                                                                                                                                                                      |   |   |   |   |   |   |   |   |
| Gross investment income earned                                                                                                                                                                                                                                                                                         | $ | 93 |  | $ | 90 |  | $ | 3 |  | 3 |  | $ | 184 |  | $ | 177 |  | $ | 7 |  | 4 |  |
| Net investment income earned                                                                                                                                                                                                                                                                                           | 91 |  | 88 |  | 3 |  | 3 |  | 181 |  | 174 |  | 7 |  | 4 |  |
| Net realized capital gains                                                                                                                                                                                                                                                                                             | 22 |  | 9 |  | 13 |  | nm |  | 28 |  | 28 |  | — |  | nm |  |
|      Net investment gains (net of tax)                                                                                                                                                                                                                                                        | $ | 113 |  | $ | 97 |  | $ | 16 |  | 16 |  | $ | 209 |  | $ | 202 |  | $ | 7 |  | 3 |  |
|                                                                                                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |
|      Other income                                                                                                                                                                                                                                                                             | $ | 1 |  | $ | 3 |  | $ | (2 | ) | (67 | ) | $ | 3 |  | $ | 3 |  | $ | — |  | — |  |
|                                                                                                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |
| Net income before federal income taxes                                                                                                                                                                                                                                                                                 | $ | 95 |  | $ | 126 |  | $ | (31 | ) | (25 | ) | $ | 195 |  | $ | 305 |  | $ | (110 | ) | (36 | ) |
| Federal and foreign income taxes incurred                                                                                                                                                                                                                                                                              | $ | 23 |  | $ | 39 |  | $ | (16 | ) | (41 | ) | $ | 40 |  | $ | 81 |  | $ | (41 | ) | (51 | ) |
|      Net income (statutory)                                                                                                                                                                                                                                                                   | $ | 72 |  | $ | 87 |  | $ | (15 | ) | (17 | ) | $ | 155 |  | $ | 224 |  | $ | (69 | ) | (31 | ) |
| *Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. *nm - Not meaningful*Statutory data prepared in accordance with statutory accounting rules as defined by the National Association of Insurance Commissioners and filed with the   appropriate regulatory bodies. |

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|                                                                                                                                                                                          |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Consolidated Cincinnati Insurance Companies                                                                                                                                              |
| Losses Incurred Detail                                                                                                                                                                   |
| (In millions)                                                                                                                                                                            | Three months ended | Six months ended | Nine months ended | Twelve months ended |
|                                                                                                                                                                                     | 12/31/14 | 9/30/14 | 6/30/14 | 3/31/14 | 12/31/13 | 9/30/13 | 6/30/13 | 3/31/13 | 6/30/14 | 6/30/13 | 9/30/14 | 9/30/13 | 12/31/14 | 12/31/13 |
| Consolidated                                                                                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Current accident year losses greater than $5,000,000                                                                                                                                     |  |  | $ | 11 |  | $ | — |  | $ | 7 |  | $ | 5 |  | $ | 11 |  | $ | — |  | $ | 12 |  | $ | 11 |  |  | $ | 16 |  |  | $ | 23 |  |
| Current accident year losses $1,000,000-$5,000,000                                                                                                                                       |  |  | 52 |  | 23 |  | 58 |  | 48 |  | 31 |  | 31 |  | 74 |  | 62 |  |  | 110 |  |  | 167 |  |
| Large loss prior accident year reserve development                                                                                                                                       |  |  | 17 |  | 10 |  | (8 | ) | 3 |  | 24 |  | 23 |  | 27 |  | 47 |  |  | 52 |  |  | 44 |  |
|    Total large losses incurred                                                                                                                                            |  |  | $ | 80 |  | $ | 33 |  | $ | 57 |  | $ | 56 |  | $ | 66 |  | $ | 54 |  | $ | 113 |  | $ | 120 |  |  | $ | 178 |  |  | $ | 234 |  |
| Losses incurred but not reported                                                                                                                                                         |  |  | (17 | ) | 21 |  | 50 |  | 22 |  | 23 |  | 27 |  | 5 |  | 50 |  |  | 72 |  |  | 123 |  |
| Other losses excluding catastrophe losses                                                                                                                                                |  |  | 436 |  | 427 |  | 358 |  | 362 |  | 349 |  | 344 |  | 863 |  | 694 |  |  | 1,054 |  |  | 1,412 |  |
| Catastrophe losses                                                                                                                                                                       |  |  | 112 |  | 86 |  | 29 |  | 53 |  | 75 |  | 10 |  | 197 |  | 84 |  |  | 137 |  |  | 166 |  |
|    Total losses incurred                                                                                                                                                  |  |  | $ | 611 |  | $ | 567 |  | $ | 494 |  | $ | 493 |  | $ | 513 |  | $ | 435 |  | $ | 1,178 |  | $ | 948 |  |  | $ | 1,441 |  |  | $ | 1,935 |  |
| Commercial Lines                                                                                                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Current accident year losses greater than $5,000,000                                                                                                                                     |  |  | $ | 11 |  | $ | — |  | $ | 7 |  | $ | 5 |  | $ | 11 |  | $ | — |  | $ | 12 |  | $ | 11 |  |  | $ | 16 |  |  | $ | 23 |  |
| Current accident year losses $1,000,000-$5,000,000                                                                                                                                       |  |  | 47 |  | 18 |  | 43 |  | 35 |  | 28 |  | 27 |  | 64 |  | 55 |  |  | 89 |  |  | 132 |  |
| Large loss prior accident year reserve development                                                                                                                                       |  |  | 15 |  | 10 |  | (5 | ) | 4 |  | 14 |  | 23 |  | 25 |  | 37 |  |  | 41 |  |  | 36 |  |
|    Total large losses incurred                                                                                                                                            |  |  | $ | 73 |  | $ | 28 |  | $ | 45 |  | $ | 44 |  | $ | 53 |  | $ | 50 |  | $ | 101 |  | $ | 103 |  |  | $ | 146 |  |  | $ | 191 |  |
| Losses incurred but not reported                                                                                                                                                         |  |  | (35 | ) | 22 |  | 35 |  | 41 |  | 28 |  | 22 |  | (12 | ) | 50 |  |  | 91 |  |  | 125 |  |
| Other losses excluding catastrophe losses                                                                                                                                                |  |  | 292 |  | 282 |  | 241 |  | 227 |  | 228 |  | 225 |  | 574 |  | 454 |  |  | 682 |  |  | 923 |  |
| Catastrophe losses                                                                                                                                                                       |  |  | 59 |  | 58 |  | 10 |  | 36 |  | 45 |  | 2 |  | 116 |  | 46 |  |  | 82 |  |  | 93 |  |
|    Total losses incurred                                                                                                                                                  |  |  | $ | 389 |  | $ | 390 |  | $ | 331 |  | $ | 348 |  | $ | 354 |  | $ | 299 |  | $ | 779 |  | $ | 653 |  |  | $ | 1,001 |  |  | $ | 1,332 |  |
| Personal Lines                                                                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Current accident year losses greater than $5,000,000                                                                                                                                     |  |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  |  | $ | — |  |  | $ | — |  |
| Current accident year losses $1,000,000-$5,000,000                                                                                                                                       |  |  | 4 |  | 4 |  | 14 |  | 12 |  | 3 |  | 3 |  | 8 |  | 6 |  |  | 19 |  |  | 32 |  |
| Large loss prior accident year reserve development                                                                                                                                       |  |  | 2 |  | — |  | (3 | ) | — |  | 8 |  | — |  | 2 |  | 8 |  |  | 10 |  |  | 7 |  |
|    Total large losses incurred                                                                                                                                            |  |  | $ | 6 |  | $ | 4 |  | $ | 11 |  | $ | 12 |  | $ | 11 |  | $ | 3 |  | $ | 10 |  | $ | 14 |  |  | $ | 29 |  |  | $ | 39 |  |
| Losses incurred but not reported                                                                                                                                                         |  |  | 9 |  | (5 | ) | 9 |  | (27 | ) | (5 | ) | — |  | 4 |  | (5 | ) |  | (32 | ) |  | (22 | ) |
| Other losses excluding catastrophe losses                                                                                                                                                |  |  | 138 |  | 138 |  | 116 |  | 131 |  | 109 |  | 113 |  | 276 |  | 222 |  |  | 349 |  |  | 466 |  |
| Catastrophe losses                                                                                                                                                                       |  |  | 52 |  | 27 |  | 19 |  | 16 |  | 29 |  | 8 |  | 79 |  | 37 |  |  | 54 |  |  | 72 |  |
|    Total losses incurred                                                                                                                                                  |  |  | $ | 205 |  | $ | 164 |  | $ | 155 |  | $ | 132 |  | $ | 144 |  | $ | 124 |  | $ | 369 |  | $ | 268 |  |  | $ | 400 |  |  | $ | 555 |  |
| Excess & Surplus Lines                                                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Current accident year losses greater than $5,000,000                                                                                                                                     |  |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  |  | $ | — |  |  | $ | — |  |
| Current accident year losses $1,000,000-$5,000,000                                                                                                                                       |  |  | 1 |  | 1 |  | 1 |  | 1 |  | — |  | 1 |  | 2 |  | 1 |  |  | 2 |  |  | 3 |  |
| Large loss prior accident year reserve development                                                                                                                                       |  |  | — |  | — |  | — |  | (1 | ) | 2 |  | — |  | — |  | 2 |  |  | 1 |  |  | 1 |  |
|    Total large losses incurred                                                                                                                                            |  |  | $ | 1 |  | $ | 1 |  | $ | 1 |  | $ | — |  | $ | 2 |  | $ | 1 |  | $ | 2 |  | $ | 3 |  |  | $ | 3 |  |  | $ | 4 |  |
| Losses incurred but not reported                                                                                                                                                         |  |  | 9 |  | 4 |  | 6 |  | 8 |  | — |  | 5 |  | 13 |  | 5 |  |  | 13 |  |  | 20 |  |
| Other losses excluding catastrophe losses                                                                                                                                                |  |  | 6 |  | 7 |  | 1 |  | 4 |  | 12 |  | 6 |  | 13 |  | 18 |  |  | 23 |  |  | 23 |  |
| Catastrophe losses                                                                                                                                                                       |  |  | 1 |  | 1 |  | — |  | 1 |  | 1 |  | — |  | 2 |  | 1 |  |  | 1 |  |  | 1 |  |
|    Total losses incurred                                                                                                                                                  |  |  | $ | 17 |  | $ | 13 |  | $ | 8 |  | $ | 13 |  | $ | 15 |  | $ | 12 |  | $ | 30 |  | $ | 27 |  |  | $ | 40 |  |  | $ | 48 |  |
|                                                                                                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| *Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.  The sum of quarterly amounts may not equal the full year as each is computed independently. |

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

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

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|  Consolidated Cincinnati Insurance Companies                                                                                                                                                     |
| Agency Direct Written Premiums by Agency State by Line of Business for the Six Months Ended June 30, 2014                                                                                             |
|                                                                                                                                                                                                  | Commercial Lines |   |  Personal Lines |   | E & S |   | Consolidated | Comm'lChange% | PersonalChange% | E & SChange% | ConsolChange% |
| RiskState                                                                                                                                                                                             | CommCasualty | CommProperty | CommAuto | Workers'Comp | SpecPackages | Mgmt Liab & Surety | Mach & Equipment |   | PersonalAuto | Home Owner | Other Personal |   | AllLines |   | 2014 | 2013 |
|                                                                                                                                                                                                  |   |   | Total | Total |
|                                                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  OH                                                                                                                                                                                              | $ | 79.7 |  | $ | 65.2 |  | $ | 40.8 |  | $ | — |  | $ | 5.1 |  | $ | 12.0 |  | $ | 3.8 |  |   | $ | 63.1 |  | $ | 56.4 |  | $ | 17.8 |  |   | $ | 7.1 |  |   | $ | 351.0 |  | $ | 345.5 |  | 1.3 |  | 2.3 |  | 14.2 |  | 1.9 |  |
|  IL                                                                                                                                                                                              | 34.0 |  | 27.7 |  | 16.0 |  | 29.8 |  | 3.7 |  | 3.6 |  | 1.8 |  |   | 16.2 |  | 15.0 |  | 4.3 |  |   | 5.7 |  |   | 157.8 |  | 150.7 |  | 4.1 |  | 2.9 |  | 34.3 |  | 4.7 |  |
|  IN                                                                                                                                                                                              | 28.2 |  | 25.4 |  | 15.7 |  | 16.8 |  | 2.1 |  | 3.2 |  | 1.7 |  |   | 16.6 |  | 18.5 |  | 4.3 |  |   | 5.3 |  |   | 137.8 |  | 133.2 |  | 3.1 |  | 2.4 |  | (0.5 | ) | 2.7 |  |
|  PA                                                                                                                                                                                              | 31.6 |  | 22.2 |  | 21.0 |  | 28.6 |  | 3.0 |  | 3.5 |  | 1.4 |  |   | 6.5 |  | 4.9 |  | 2.0 |  |   | 3.0 |  |   | 127.7 |  | 121.0 |  | 4.9 |  | 8.9 |  | 12.5 |  | 5.5 |  |
|  GA                                                                                                                                                                                              | 18.9 |  | 18.4 |  | 13.6 |  | 7.2 |  | 3.0 |  | 3.4 |  | 1.0 |  |   | 19.3 |  | 20.3 |  | 5.3 |  |   | 4.6 |  |   | 115.0 |  | 105.6 |  | 11.7 |  | 5.1 |  | 8.8 |  | 8.9 |  |
|  MI                                                                                                                                                                                              | 22.1 |  | 17.4 |  | 11.5 |  | 11.3 |  | 2.9 |  | 3.6 |  | 1.4 |  |   | 19.5 |  | 14.4 |  | 2.5 |  |   | 3.3 |  |   | 109.9 |  | 98.2 |  | 9.2 |  | 18.7 |  | 4.8 |  | 12.0 |  |
|  NC                                                                                                                                                                                              | 21.2 |  | 21.6 |  | 11.6 |  | 10.4 |  | 4.6 |  | 4.0 |  | 1.3 |  |   | 14.4 |  | 11.2 |  | 3.7 |  |   | 3.3 |  |   | 107.3 |  | 96.2 |  | 9.2 |  | 15.5 |  | 36.2 |  | 11.5 |  |
|  TN                                                                                                                                                                                              | 18.6 |  | 17.2 |  | 11.6 |  | 6.3 |  | 3.8 |  | 2.8 |  | 1.1 |  |   | 8.7 |  | 10.4 |  | 2.8 |  |   | 2.0 |  |   | 85.3 |  | 77.8 |  | 7.3 |  | 12.8 |  | 64.7 |  | 9.6 |  |
|  AL                                                                                                                                                                                              | 13.8 |  | 16.7 |  | 6.3 |  | 0.6 |  | 3.4 |  | 2.0 |  | 0.9 |  |   | 9.9 |  | 16.3 |  | 3.4 |  |   | 3.7 |  |   | 77.0 |  | 66.3 |  | 22.0 |  | 5.3 |  | 58.3 |  | 16.2 |  |
|  KY                                                                                                                                                                                              | 13.3 |  | 15.7 |  | 10.0 |  | 2.0 |  | 2.1 |  | 1.4 |  | 0.8 |  |   | 13.6 |  | 12.6 |  | 3.1 |  |   | 2.3 |  |   | 76.9 |  | 73.8 |  | 4.0 |  | 5.7 |  | (6.7 | ) | 4.3 |  |
|  VA                                                                                                                                                                                              | 17.9 |  | 14.7 |  | 11.5 |  | 10.3 |  | 1.4 |  | 3.6 |  | 0.8 |  |   | 5.4 |  | 4.8 |  | 1.6 |  |   | 2.8 |  |   | 74.8 |  | 70.5 |  | 5.0 |  | 6.8 |  | 31.4 |  | 6.1 |  |
|  WI                                                                                                                                                                                              | 16.8 |  | 12.4 |  | 8.5 |  | 17.8 |  | 1.4 |  | 1.7 |  | 1.1 |  |   | 4.3 |  | 4.7 |  | 1.8 |  |   | 1.9 |  |   | 72.4 |  | 72.2 |  | 0.3 |  | (1.0 | ) | 13.7 |  | 0.4 |  |
|  MN                                                                                                                                                                                              | 16.2 |  | 11.6 |  | 6.0 |  | 5.1 |  | 1.1 |  | 1.5 |  | 0.7 |  |   | 8.4 |  | 8.5 |  | 1.8 |  |   | 1.9 |  |   | 62.8 |  | 58.3 |  | 6.7 |  | 9.0 |  | 22.2 |  | 7.8 |  |
|  TX                                                                                                                                                                                              | 22.4 |  | 14.9 |  | 14.8 |  | 0.7 |  | 0.4 |  | 1.1 |  | 1.1 |  |   | — |  | — |  | — |  |   | 6.9 |  |   | 62.3 |  | 55.1 |  | 10.6 |  | (11.2 | ) | 37.6 |  | 13.1 |  |
|  MO                                                                                                                                                                                              | 14.7 |  | 15.0 |  | 8.1 |  | 6.9 |  | 2.4 |  | 1.3 |  | 1.0 |  |   | 3.1 |  | 4.4 |  | 1.0 |  |   | 3.2 |  |   | 61.1 |  | 57.8 |  | 4.1 |  | 7.1 |  | 31.1 |  | 5.7 |  |
|  IA                                                                                                                                                                                              | 10.1 |  | 9.2 |  | 4.5 |  | 9.8 |  | 1.0 |  | 1.8 |  | 0.6 |  |   | 2.4 |  | 2.8 |  | 0.9 |  |   | 1.1 |  |   | 44.2 |  | 45.8 |  | (4.8 | ) | 1.3 |  | 12.2 |  | (3.7 | ) |
|  MD                                                                                                                                                                                              | 10.3 |  | 5.7 |  | 7.8 |  | 6.0 |  | 0.7 |  | 1.1 |  | 0.4 |  |   | 2.9 |  | 2.3 |  | 0.7 |  |   | 1.3 |  |   | 39.2 |  | 35.6 |  | 6.2 |  | 33.8 |  | 33.2 |  | 10.4 |  |
|  FL                                                                                                                                                                                              | 12.9 |  | 9.0 |  | 4.1 |  | 0.5 |  | 0.2 |  | 0.9 |  | 0.3 |  |   | 3.6 |  | 4.7 |  | 0.9 |  |   | 2.2 |  |   | 39.3 |  | 35.5 |  | 20.8 |  | (16.3 | ) | 44.0 |  | 10.4 |  |
|  NY                                                                                                                                                                                              | 16.5 |  | 7.7 |  | 6.1 |  | 1.7 |  | 0.3 |  | 1.6 |  | 0.6 |  |   | 1.7 |  | 0.7 |  | 0.2 |  |   | 1.4 |  |   | 38.5 |  | 38.1 |  | (4.0 | ) | nm |  | 37.4 |  | 0.8 |  |
|  AR                                                                                                                                                                                              | 5.4 |  | 8.6 |  | 3.8 |  | 1.4 |  | 2.2 |  | 0.8 |  | 0.5 |  |   | 4.2 |  | 4.9 |  | 1.1 |  |   | 1.3 |  |   | 34.2 |  | 30.6 |  | 8.3 |  | 22.1 |  | 17.9 |  | 12.5 |  |
|  KS                                                                                                                                                                                              | 5.9 |  | 6.9 |  | 3.4 |  | 3.8 |  | 0.9 |  | 1.0 |  | 0.4 |  |   | 2.7 |  | 3.6 |  | 0.7 |  |   | 0.5 |  |   | 29.8 |  | 27.8 |  | 8.3 |  | 3.7 |  | 8.5 |  | 7.2 |  |
|  AZ                                                                                                                                                                                              | 7.9 |  | 5.2 |  | 6.3 |  | 3.2 |  | 0.4 |  | 0.7 |  | 0.1 |  |   | 2.3 |  | 1.6 |  | 0.6 |  |   | 1.3 |  |   | 29.6 |  | 24.3 |  | 18.7 |  | 29.0 |  | 52.3 |  | 21.4 |  |
|  UT                                                                                                                                                                                              | 8.6 |  | 3.9 |  | 5.9 |  | 0.3 |  | 0.5 |  | 1.1 |  | 0.2 |  |   | 3.8 |  | 1.8 |  | 0.4 |  |   | 0.9 |  |   | 27.4 |  | 24.2 |  | 17.2 |  | 7.9 |  | 2.0 |  | 14.4 |  |
|  SC                                                                                                                                                                                              | 5.7 |  | 5.1 |  | 4.1 |  | 2.0 |  | 1.3 |  | 0.9 |  | 0.2 |  |   | 3.9 |  | 2.5 |  | 0.7 |  |   | 1.1 |  |   | 27.5 |  | 24.5 |  | 5.8 |  | 29.7 |  | 38.5 |  | 12.3 |  |
|  CO                                                                                                                                                                                              | 8.4 |  | 4.9 |  | 5.4 |  | 0.2 |  | 0.1 |  | 0.6 |  | 0.4 |  |   | — |  | 0.1 |  | — |  |   | 2.3 |  |   | 22.4 |  | 16.0 |  | 35.4 |  | 25.0 |  | 82.9 |  | 39.0 |  |
|  MT                                                                                                                                                                                              | 7.9 |  | 4.3 |  | 4.4 |  | 0.1 |  | 0.4 |  | 0.3 |  | 0.3 |  |   | 1.3 |  | 1.3 |  | 0.3 |  |   | 0.4 |  |   | 21.0 |  | 18.8 |  | 11.9 |  | 11.0 |  | 8.8 |  | 11.7 |  |
|  NE                                                                                                                                                                                              | 4.4 |  | 4.8 |  | 2.4 |  | 4.0 |  | 0.6 |  | 0.8 |  | 0.3 |  |   | 0.4 |  | 0.6 |  | 0.1 |  |   | 1.1 |  |   | 19.5 |  | 18.8 |  | 1.1 |  | 3.6 |  | 57.8 |  | 3.3 |  |
|  ID                                                                                                                                                                                              | 6.6 |  | 3.8 |  | 4.1 |  | 0.1 |  | 0.4 |  | 0.5 |  | 0.3 |  |   | 1.5 |  | 1.0 |  | 0.3 |  |   | 0.7 |  |   | 19.3 |  | 17.1 |  | 11.9 |  | 17.5 |  | 20.9 |  | 13.0 |  |
|  WV                                                                                                                                                                                              | 5.3 |  | 4.5 |  | 3.8 |  | 1.7 |  | 0.6 |  | 0.3 |  | 0.3 |  |   | — |  | 0.3 |  | 0.1 |  |   | 1.4 |  |   | 18.3 |  | 16.4 |  | 10.5 |  | 2.9 |  | 24.3 |  | 11.3 |  |
|  OR                                                                                                                                                                                              | 3.9 |  | 2.7 |  | 3.0 |  | 0.1 |  | — |  | 0.7 |  | 0.3 |  |   | 0.6 |  | 0.3 |  | 0.1 |  |   | 1.8 |  |   | 13.5 |  | 7.6 |  | 79.6 |  | nm |  | 46.0 |  | 78.1 |  |
|  VT                                                                                                                                                                                              | 2.2 |  | 2.1 |  | 1.6 |  | 3.6 |  | 0.5 |  | 0.7 |  | 0.1 |  |   | 0.7 |  | 0.7 |  | 0.2 |  |   | 0.5 |  |   | 12.9 |  | 13.1 |  | (2.7 | ) | 3.7 |  | 17.2 |  | (1.3 | ) |
|  ND                                                                                                                                                                                              | 4.7 |  | 3.0 |  | 2.6 |  | — |  | 0.4 |  | 0.4 |  | 0.2 |  |   | 0.4 |  | 0.4 |  | 0.1 |  |   | 0.2 |  |   | 12.4 |  | 12.2 |  | 0.5 |  | 10.8 |  | 32.4 |  | 1.6 |  |
|  WA                                                                                                                                                                                              | 3.5 |  | 2.3 |  | 2.4 |  | — |  | — |  | 0.6 |  | 0.2 |  |   | — |  | — |  | — |  |   | 0.7 |  |   | 9.7 |  | 7.4 |  | 32.1 |  | 7.9 |  | 22.2 |  | 31.3 |  |
|  NH                                                                                                                                                                                              | 2.0 |  | 1.5 |  | 1.0 |  | 1.9 |  | 0.3 |  | 0.3 |  | 0.1 |  |   | 0.9 |  | 0.8 |  | 0.3 |  |   | 0.3 |  |   | 9.4 |  | 8.8 |  | 10.0 |  | (2.1 | ) | 1.1 |  | 6.8 |  |
|  NM                                                                                                                                                                                              | 3.1 |  | 1.6 |  | 2.0 |  | 0.6 |  | 0.1 |  | 0.8 |  | — |  |   | — |  | — |  | — |  |   | 0.4 |  |   | 8.6 |  | 6.5 |  | 32.0 |  | nm |  | 53.3 |  | 33.0 |  |
|  SD                                                                                                                                                                                              | 1.7 |  | 2.0 |  | 1.0 |  | 1.7 |  | 0.3 |  | 0.3 |  | 0.1 |  |   | — |  | — |  | — |  |   | 0.3 |  |   | 7.4 |  | 6.8 |  | 7.1 |  | (98.0 | ) | 3.9 |  | 6.8 |  |
|  DE                                                                                                                                                                                              | 2.0 |  | 1.4 |  | 1.2 |  | 1.1 |  | 0.2 |  | 0.2 |  | 0.1 |  |   | — |  | — |  | — |  |   | 0.2 |  |   | 6.4 |  | 5.4 |  | 17.0 |  | 20.8 |  | 51.0 |  | 17.7 |  |
|  CT                                                                                                                                                                                              | 1.8 |  | 1.5 |  | 0.6 |  | 0.6 |  | — |  | 0.1 |  | 0.1 |  |   | 0.1 |  | 0.1 |  | — |  |   | 0.2 |  |   | 5.1 |  | 2.9 |  | 71.2 |  | nm |  | 0.0 |  | 72.3 |  |
|  WY                                                                                                                                                                                              | 1.2 |  | 1.1 |  | 0.6 |  | — |  | — |  | 0.1 |  | — |  |   | — |  | — |  | — |  |   | 0.2 |  |   | 3.2 |  | 2.3 |  | 38.5 |  | 12.8 |  | 63.7 |  | 40.1 |  |
|  All Other                                                                                                                                                                                       | 2.7 |  | 1.2 |  | 1.6 |  | 3.0 |  | (0.1 | ) | 1.0 |  | 0.3 |  |   | 0.1 |  | 0.3 |  | (0.2 | ) |   | 0.9 |  |   | 10.8 |  | 9.0 |  | 19.5 |  | (2.1 | ) | (18.2 | ) | 16.8 |  |
|  Total                                                                                                                                                                                           | $ | 514.1 |  | $ | 420.1 |  | $ | 290.7 |  | $ | 201.2 |  | $ | 51.7 |  | $ | 66.3 |  | $ | 26.3 |  |   | $ | 242.5 |  | $ | 233.2 |  | $ | 62.9 |  |   | $ | 79.7 |  |   | $ | 2,188.7 |  | $ | 2,037.7 |  | 6.9 |  | 6.8 |  | 24.0 |  | 7.4 |  |
|  Other Direct                                                                                                                                                                                    | — |  | 1.1 |  | 2.4 |  | 2.7 |  | — |  | — |  | — |  |   | 5.0 |  | 0.1 |  | — |  |   | — |  |   | 11.3 |  | 9.0 |  | 31.1 |  | 22.9 |  | nm |  | 26.7 |  |
|  Total Direct                                                                                                                                                                                    | $ | 514.1 |  | $ | 421.2 |  | $ | 293.1 |  | $ | 203.9 |  | $ | 51.7 |  | $ | 66.3 |  | $ | 26.3 |  |   | $247.5 | $ | 233.3 |  | $ | 62.9 |  |   | $ | 79.7 |  |   | $ | 2,200.0 |  | $ | 2,046.7 |  | 7.0 |  | 6.9 |  | 24.0 |  | 7.5 |  |
| *Dollar amounts shown are rounded to the nearest hundred thousand; certain amounts may not add due to rounding.  Percentage changes are calculated based on whole dollar amounts.*nm - Not meaningful |

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| Quarterly Property Casualty Data - Commercial Lines                                                                                                                                                                                          |
| (Dollars in millions)                                                                                                                                                                                                                        | Three months ended | Six months ended | Nine months ended | Twelve months ended |
|                                                                                                                                                                                                                                         | 12/31/14 | 9/30/14 | 6/30/14 | 3/31/14 | 12/31/13 | 9/30/13 | 6/30/13 | 3/31/13 | 6/30/14 | 6/30/13 | 9/30/14 | 9/30/13 | 12/31/14 | 12/31/13 |
| Commercial casualty:                                                                                                                                                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Written premiums                                                                                                                                                                                                                             |  |  | $ | 249 |  | $ | 258 |  | $ | 206 |  | $ | 232 |  | $ | 222 |  | $ | 237 |  | $ | 507 |  | $ | 459 |  |  | $ | 691 |  |  | $ | 897 |  |
| Earned premiums                                                                                                                                                                                                                              |  |  | 234 |  | 224 |  | 220 |  | 221 |  | 211 |  | 204 |  | 458 |  | 415 |  |  | 636 |  |  | 856 |  |
| Current accident year before catastrophe losses                                                                                                                                                                                              |  |  | 61.7 |  % | 56.3 |  % | 54.2 |  % | 53.5 |  % | 55.7 |  % | 60.8 |  % | 59.1 |  % | 58.2 |  % |  | 56.6 |  % |  | 56.0 |  % |
| Current accident year catastrophe losses                                                                                                                                                                                                     |  |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  |  | — |  |  | — |  |
| Prior accident years before catastrophe losses                                                                                                                                                                                               |  |  | (10.5 | ) | 3.6 |  | 1.9 |  | (8.4 | ) | (15.1 | ) | (11.5 | ) | (3.6 | ) | (13.3 | ) |  | (11.6 | ) |  | (8.2 | ) |
| Prior accident years catastrophe losses                                                                                                                                                                                                      |  |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  |  | — |  |  | — |  |
|    Total loss and loss expense ratio                                                                                                                                                                                          |  |  | 51.2 |  % | 59.9 |  % | 56.1 |  % | 45.1 |  % | 40.6 |  % | 49.3 |  % | 55.5 |  % | 44.9 |  % |  | 45.0 |  % |  | 47.8 |  % |
| Commercial property:                                                                                                                                                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Written premiums                                                                                                                                                                                                                             |  |  | $ | 197 |  | $ | 193 |  | $ | 157 |  | $ | 186 |  | $ | 164 |  | $ | 166 |  | $ | 390 |  | $ | 330 |  |  | $ | 516 |  |  | $ | 673 |  |
| Earned premiums                                                                                                                                                                                                                              |  |  | 180 |  | 171 |  | 163 |  | 161 |  | 152 |  | 147 |  | 351 |  | 299 |  |  | 460 |  |  | 623 |  |
| Current accident year before catastrophe losses                                                                                                                                                                                              |  |  | 50.8 |  % | 53.4 |  % | 51.3 |  % | 49.6 |  % | 52.9 |  % | 48.9 |  % | 52.1 |  % | 50.9 |  % |  | 50.5 |  % |  | 50.7 |  % |
| Current accident year catastrophe losses                                                                                                                                                                                                     |  |  | 25.8 |  | 27.7 |  | 9.0 |  | 19.1 |  | 28.4 |  | 2.8 |  | 26.7 |  | 15.8 |  |  | 17.0 |  |  | 14.9 |  |
| Prior accident years before catastrophe losses                                                                                                                                                                                               |  |  | (9.8 | ) | (0.6 | ) | (2.5 | ) | 1.4 |  | (6.0 | ) | 2.0 |  | (5.3 | ) | (2.0 | ) |  | (0.9 | ) |  | (1.3 | ) |
| Prior accident years catastrophe losses                                                                                                                                                                                                      |  |  | (2.3 | ) | (0.9 | ) | (1.9 | ) | (2.0 | ) | (3.2 | ) | (1.9 | ) | (1.6 | ) | (2.6 | ) |  | (2.4 | ) |  | (2.3 | ) |
|    Total loss and loss expense ratio                                                                                                                                                                                          |  |  | 64.5 |  % | 79.6 |  % | 55.9 |  % | 68.1 |  % | 72.1 |  % | 51.8 |  % | 71.9 |  % | 62.1 |  % |  | 64.2 |  % |  | 62.0 |  % |
| Commercial auto:                                                                                                                                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Written premiums                                                                                                                                                                                                                             |  |  | $ | 144 |  | $ | 145 |  | $ | 117 |  | $ | 128 |  | $ | 127 |  | $ | 135 |  | $ | 289 |  | $ | 262 |  |  | $ | 390 |  |  | $ | 507 |  |
| Earned premiums                                                                                                                                                                                                                              |  |  | 132 |  | 126 |  | 124 |  | 124 |  | 117 |  | 114 |  | 258 |  | 231 |  |  | 355 |  |  | 479 |  |
| Current accident year before catastrophe losses                                                                                                                                                                                              |  |  | 72.1 |  % | 68.0 |  % | 70.6 |  % | 64.3 |  % | 76.3 |  % | 59.6 |  % | 70.0 |  % | 68.1 |  % |  | 66.7 |  % |  | 67.8 |  % |
| Current accident year catastrophe losses                                                                                                                                                                                                     |  |  | 4.1 |  | — |  | (0.1 | ) | 0.9 |  | 1.5 |  | 0.4 |  | 2.1 |  | 1.0 |  |  | 0.9 |  |  | 0.7 |  |
| Prior accident years before catastrophe losses                                                                                                                                                                                               |  |  | 9.0 |  | (0.2 | ) | 3.1 |  | (0.4 | ) | (3.2 | ) | 2.1 |  | 4.5 |  | (0.7 | ) |  | (0.5 | ) |  | 0.4 |  |
| Prior accident years catastrophe losses                                                                                                                                                                                                      |  |  | — |  | (0.2 | ) | — |  | (0.2 | ) | (0.3 | ) | (0.2 | ) | (0.1 | ) | (0.2 | ) |  | (0.2 | ) |  | (0.2 | ) |
|    Total loss and loss expense ratio                                                                                                                                                                                          |  |  | 85.2 |  % | 67.6 |  % | 73.6 |  % | 64.6 |  % | 74.3 |  % | 61.9 |  % | 76.5 |  % | 68.2 |  % |  | 66.9 |  % |  | 68.7 |  % |
| Workers' compensation:                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Written premiums                                                                                                                                                                                                                             |  |  | $ | 92 |  | $ | 106 |  | $ | 86 |  | $ | 90 |  | $ | 85 |  | $ | 113 |  | $ | 198 |  | $ | 198 |  |  | $ | 288 |  |  | $ | 374 |  |
| Earned premiums                                                                                                                                                                                                                              |  |  | 95 |  | 92 |  | 95 |  | 95 |  | 87 |  | 88 |  | 187 |  | 175 |  |  | 270 |  |  | 365 |  |
| Current accident year before catastrophe losses                                                                                                                                                                                              |  |  | 83.2 |  % | 76.8 |  % | 76.9 |  % | 78.6 |  % | 84.8 |  % | 71.8 |  % | 80.0 |  % | 78.3 |  % |  | 78.4 |  % |  | 78.0 |  % |
| Current accident year catastrophe losses                                                                                                                                                                                                     |  |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  |  | — |  |  | — |  |
| Prior accident years before catastrophe losses                                                                                                                                                                                               |  |  | (21.2 | ) | (10.3 | ) | (0.5 | ) | 9.3 |  | (17.8 | ) | (8.0 | ) | (15.8 | ) | (12.9 | ) |  | (5.1 | ) |  | (3.9 | ) |
| Prior accident years catastrophe losses                                                                                                                                                                                                      |  |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  |  | — |  |  | — |  |
|    Total loss and loss expense ratio                                                                                                                                                                                          |  |  | 62.0 |  % | 66.5 |  % | 76.4 |  % | 87.9 |  % | 67.0 |  % | 63.8 |  % | 64.2 |  % | 65.4 |  % |  | 73.3 |  % |  | 74.1 |  % |
| Specialty package:                                                                                                                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Written premiums                                                                                                                                                                                                                             |  |  | $ | 21 |  | $ | 27 |  | $ | 30 |  | $ | 36 |  | $ | 36 |  | $ | 40 |  | $ | 48 |  | $ | 76 |  |  | $ | 112 |  |  | $ | 142 |  |
| Earned premiums                                                                                                                                                                                                                              |  |  | 30 |  | 36 |  | 36 |  | 38 |  | 37 |  | 39 |  | 66 |  | 76 |  |  | 114 |  |  | 150 |  |
| Current accident year before catastrophe losses                                                                                                                                                                                              |  |  | 76.0 |  % | 63.9 |  % | 45.0 |  % | 56.2 |  % | 80.0 |  % | 73.5 |  % | 69.5 |  % | 76.7 |  % |  | 69.9 |  % |  | 63.9 |  % |
| Current accident year catastrophe losses                                                                                                                                                                                                     |  |  | 42.2 |  | 39.9 |  | 2.8 |  | 22.9 |  | 16.1 |  | 6.4 |  | 40.9 |  | 11.2 |  |  | 15.1 |  |  | 12.1 |  |
| Prior accident years before catastrophe losses                                                                                                                                                                                               |  |  | (13.0 | ) | (6.0 | ) | 5.2 |  | 9.0 |  | (3.3 | ) | (2.5 | ) | (9.2 | ) | (2.8 | ) |  | 1.1 |  |  | 2.1 |  |
| Prior accident years catastrophe losses                                                                                                                                                                                                      |  |  | 1.9 |  | (3.0 | ) | (2.4 | ) | (0.1 | ) | (0.6 | ) | (3.4 | ) | (0.7 | ) | (2.0 | ) |  | (1.4 | ) |  | (1.6 | ) |
|    Total loss and loss expense ratio                                                                                                                                                                                          |  |  | 107.1 |  % | 94.8 |  % | 50.6 |  % | 88.0 |  % | 92.2 |  % | 74.0 |  % | 100.5 |  % | 83.1 |  % |  | 84.7 |  % |  | 76.5 |  % |
| Management liability and surety:                                                                                                                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Written premiums                                                                                                                                                                                                                             |  |  | $ | 32 |  | $ | 30 |  | $ | 28 |  | $ | 34 |  | $ | 33 |  | $ | 26 |  | $ | 62 |  | $ | 59 |  |  | $ | 93 |  |  | $ | 121 |  |
| Earned premiums                                                                                                                                                                                                                              |  |  | 31 |  | 31 |  | 30 |  | 30 |  | 30 |  | 29 |  | 62 |  | 59 |  |  | 89 |  |  | 119 |  |
| Current accident year before catastrophe losses                                                                                                                                                                                              |  |  | 58.0 |  % | 37.4 |  % | 54.4 |  % | 57.1 |  % | 60.1 |  % | 44.5 |  % | 47.7 |  % | 52.4 |  % |  | 54.0 |  % |  | 54.1 |  % |
| Current accident year catastrophe losses                                                                                                                                                                                                     |  |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  |  | — |  |  | — |  |
| Prior accident years before catastrophe losses                                                                                                                                                                                               |  |  | 5.8 |  | 19.8 |  | (20.8 | ) | (16.3 | ) | 4.8 |  | 60.8 |  | 12.8 |  | 32.4 |  |  | 15.9 |  |  | 6.6 |  |
| Prior accident years catastrophe losses                                                                                                                                                                                                      |  |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  |  | — |  |  | — |  |
|    Total loss and loss expense ratio                                                                                                                                                                                          |  |  | 63.8 |  % | 57.2 |  % | 33.6 |  % | 40.8 |  % | 64.9 |  % | 105.3 |  % | 60.5 |  % | 84.8 |  % |  | 69.9 |  % |  | 60.7 |  % |
| Machinery and equipment:                                                                                                                                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Written premiums                                                                                                                                                                                                                             |  |  | $ | 13 |  | $ | 12 |  | $ | 12 |  | $ | 13 |  | $ | 11 |  | $ | 11 |  | $ | 25 |  | $ | 22 |  |  | $ | 35 |  |  | $ | 47 |  |
| Earned premiums                                                                                                                                                                                                                              |  |  | 12 |  | 12 |  | 12 |  | 11 |  | 11 |  | 10 |  | 24 |  | 21 |  |  | 32 |  |  | 44 |  |
| Current accident year before catastrophe losses                                                                                                                                                                                              |  |  | 18.2 |  % | 20.9 |  % | 29.6 |  % | 26.7 |  % | 45.8 |  % | 15.0 |  % | 19.6 |  % | 30.5 |  % |  | 29.2 |  % |  | 29.3 |  % |
| Current accident year catastrophe losses                                                                                                                                                                                                     |  |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  |  | — |  |  | — |  |
| Prior accident years before catastrophe losses                                                                                                                                                                                               |  |  | (7.0 | ) | (11.0 | ) | 1.1 |  | (1.1 | ) | (4.9 | ) | 8.0 |  | (9.0 | ) | 1.5 |  |  | 0.6 |  |  | 0.7 |  |
| Prior accident years catastrophe losses                                                                                                                                                                                                      |  |  |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  |  | — |  |  | — |  |
|    Total loss and loss expense ratio                                                                                                                                                                                          |  |  | 11.2 |  % | 9.9 |  % | 30.7 |  % | 25.6 |  % | 40.9 |  % | 23.0 |  % | 10.6 |  % | 32.0 |  % |  | 29.8 |  % |  | 30.0 |  % |
| *Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts. The sum of quarterly amounts may not equal the full year as each is computed independently. |

----

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

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|                                                                             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Cincinnati Insurance Companies Consolidated                                 |
| Loss and Loss Expense Analysis                                              |
| (In millions)                                                               |   |   |   |   |   |   |   | Change in |   | Change in |   | Change in |   | Total |   |   |   |   |   | Loss |   |   |
|                                                                        | Paid |   | Paid loss |   | Total |   | case |   | IBNR |   | loss expense |   | change in |   | Case |   | IBNR |   | expense |   | Total |
|                                                                        | losses |   | expense |   | paid |   | reserves |   | reserves |   | reserves |   | reserves |   | incurred |   | incurred |   | incurred |   | incurred |
| Gross loss and loss expense incurred for the six months ended June 30, 2014 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Commercial casualty                                             |   | $ | 158 |  |   | $ | 72 |  |   | $ | 230 |  |   | $ | 32 |  |   | $ | (3 | ) |   | $ | (1 | ) |   | $ | 28 |  |   | $ | 190 |  |   | $ | (3 | ) |   | $ | 71 |  |   | $ | 258 |  |
|   Commercial property                                             |   | 207 |  |   | 19 |  |   | 226 |  |   | 53 |  |   | (27 | ) |   | — |  |   | 26 |  |   | 260 |  |   | (27 | ) |   | 19 |  |   | 252 |  |
|   Commercial auto                                                 |   | 141 |  |   | 25 |  |   | 166 |  |   | 13 |  |   | 16 |  |   | 3 |  |   | 32 |  |   | 154 |  |   | 16 |  |   | 28 |  |   | 198 |  |
|   Workers' compensation                                           |   | 105 |  |   | 20 |  |   | 125 |  |   | (12 | ) |   | 23 |  |   | (5 | ) |   | 6 |  |   | 93 |  |   | 23 |  |   | 15 |  |   | 131 |  |
|   Specialty packages                                              |   | 48 |  |   | 9 |  |   | 57 |  |   | 19 |  |   | (7 | ) |   | (2 | ) |   | 10 |  |   | 67 |  |   | (7 | ) |   | 7 |  |   | 67 |  |
|   Management liability and surety                                 |   | 38 |  |   | 8 |  |   | 46 |  |   | (21 | ) |   | 8 |  |   | 3 |  |   | (10 | ) |   | 17 |  |   | 8 |  |   | 11 |  |   | 36 |  |
|   Machinery and equipment                                         |   | 4 |  |   | — |  |   | 4 |  |   | 2 |  |   | (4 | ) |   | — |  |   | (2 | ) |   | 6 |  |   | (4 | ) |   | — |  |   | 2 |  |
|     Total commercial lines                              |   | 701 |  |   | 153 |  |   | 854 |  |   | 86 |  |   | 6 |  |   | (2 | ) |   | 90 |  |   | 787 |  |   | 6 |  |   | 151 |  |   | 944 |  |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Personal auto                                                   |   | 147 |  |   | 25 |  |   | 172 |  |   | 6 |  |   | 7 |  |   | 2 |  |   | 15 |  |   | 153 |  |   | 7 |  |   | 27 |  |   | 187 |  |
|   Homeowners                                                      |   | 151 |  |   | 14 |  |   | 165 |  |   | 27 |  |   | 6 |  |   | 2 |  |   | 35 |  |   | 178 |  |   | 6 |  |   | 16 |  |   | 200 |  |
|   Other personal                                                  |   | 23 |  |   | 2 |  |   | 25 |  |   | 2 |  |   | 1 |  |   | — |  |   | 3 |  |   | 25 |  |   | 1 |  |   | 2 |  |   | 28 |  |
|     Total personal lines                                |   | 321 |  |   | 41 |  |   | 362 |  |   | 35 |  |   | 14 |  |   | 4 |  |   | 53 |  |   | 356 |  |   | 14 |  |   | 45 |  |   | 415 |  |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Commercial casualty & property                              |   | 8 |  |   | 6 |  |   | 14 |  |   | 8 |  |   | 13 |  |   | 3 |  |   | 24 |  |   | 16 |  |   | 13 |  |   | 9 |  |   | 38 |  |
|     Total excess & surplus lines                    |   | 8 |  |   | 6 |  |   | 14 |  |   | 8 |  |   | 13 |  |   | 3 |  |   | 24 |  |   | 16 |  |   | 13 |  |   | 9 |  |   | 38 |  |
|       Total property casualty                 |   | $ | 1,030 |  |   | $ | 200 |  |   | $ | 1,230 |  |   | $ | 129 |  |   | $ | 33 |  |   | $ | 5 |  |   | $ | 167 |  |   | $ | 1,159 |  |   | $ | 33 |  |   | $ | 205 |  |   | $ | 1,397 |  |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ceded loss and loss expense incurred for the six months ended June 30, 2014 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Commercial casualty                                             |   | $ | 15 |  |   | $ | — |  |   | $ | 15 |  |   | $ | (12 | ) |   | $ | 3 |  |   | $ | (2 | ) |   | $ | (11 | ) |   | $ | 3 |  |   | $ | 3 |  |   | $ | (2 | ) |   | $ | 4 |  |
|   Commercial property                                             |   | 1 |  |   | — |  |   | 1 |  |   | (1 | ) |   | (1 | ) |   | — |  |   | (2 | ) |   | — |  |   | (1 | ) |   | — |  |   | (1 | ) |
|   Commercial auto                                                 |   | 1 |  |   | — |  |   | 1 |  |   | — |  |   | — |  |   | — |  |   | — |  |   | 1 |  |   | — |  |   | — |  |   | 1 |  |
|   Workers' compensation                                           |   | 9 |  |   | — |  |   | 9 |  |   | 1 |  |   | 1 |  |   | — |  |   | 2 |  |   | 10 |  |   | 1 |  |   | — |  |   | 11 |  |
|   Specialty packages                                              |   | 1 |  |   | — |  |   | 1 |  |   | — |  |   | — |  |   | — |  |   | — |  |   | 1 |  |   | — |  |   | — |  |   | 1 |  |
|   Management liability and surety                                 |   | 2 |  |   | — |  |   | 2 |  |   | (4 | ) |   | — |  |   | — |  |   | (4 | ) |   | (2 | ) |   | — |  |   | — |  |   | (2 | ) |
|   Machinery and equipment                                         |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |
|     Total commercial lines                              |   | 29 |  |   | — |  |   | 29 |  |   | (16 | ) |   | 3 |  |   | (2 | ) |   | (15 | ) |   | 13 |  |   | 3 |  |   | (2 | ) |   | 14 |  |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Personal auto                                                   |   | 1 |  |   | — |  |   | 1 |  |   | — |  |   | — |  |   | — |  |   | — |  |   | 1 |  |   | — |  |   | — |  |   | 1 |  |
|   Homeowners                                                      |   | 1 |  |   | — |  |   | 1 |  |   | (1 | ) |   | (1 | ) |   | — |  |   | (2 | ) |   | — |  |   | (1 | ) |   | — |  |   | (1 | ) |
|   Other personal                                                  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |
|     Total personal lines                                |   | 2 |  |   | — |  |   | 2 |  |   | (1 | ) |   | (1 | ) |   | — |  |   | (2 | ) |   | 1 |  |   | (1 | ) |   | — |  |   | — |  |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Commercial casualty & property                              |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |
|     Total excess & surplus lines                    |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |
|       Total property casualty                 |   | $ | 31 |  |   | $ | — |  |   | $ | 31 |  |   | $ | (17 | ) |   | $ | 2 |  |   | $ | (2 | ) |   | $ | (17 | ) |   | $ | 14 |  |   | $ | 2 |  |   | $ | (2 | ) |   | $ | 14 |  |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss and loss expense incurred for the six months ended June 30, 2014   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Commercial casualty                                             |   | $ | 143 |  |   | $ | 72 |  |   | $ | 215 |  |   | $ | 44 |  |   | $ | (6 | ) |   | $ | 1 |  |   | $ | 39 |  |   | $ | 187 |  |   | $ | (6 | ) |   | $ | 73 |  |   | $ | 254 |  |
|   Commercial property                                             |   | 206 |  |   | 19 |  |   | 225 |  |   | 54 |  |   | (26 | ) |   | — |  |   | 28 |  |   | 260 |  |   | (26 | ) |   | 19 |  |   | 253 |  |
|   Commercial auto                                                 |   | 140 |  |   | 25 |  |   | 165 |  |   | 13 |  |   | 16 |  |   | 3 |  |   | 32 |  |   | 153 |  |   | 16 |  |   | 28 |  |   | 197 |  |
|   Workers' compensation                                           |   | 96 |  |   | 20 |  |   | 116 |  |   | (13 | ) |   | 22 |  |   | (5 | ) |   | 4 |  |   | 83 |  |   | 22 |  |   | 15 |  |   | 120 |  |
|   Specialty packages                                              |   | 47 |  |   | 9 |  |   | 56 |  |   | 19 |  |   | (7 | ) |   | (2 | ) |   | 10 |  |   | 66 |  |   | (7 | ) |   | 7 |  |   | 66 |  |
|   Management liability and surety                                 |   | 36 |  |   | 8 |  |   | 44 |  |   | (17 | ) |   | 8 |  |   | 3 |  |   | (6 | ) |   | 19 |  |   | 8 |  |   | 11 |  |   | 38 |  |
|   Machinery and equipment                                         |   | 4 |  |   | — |  |   | 4 |  |   | 2 |  |   | (4 | ) |   | — |  |   | (2 | ) |   | 6 |  |   | (4 | ) |   | — |  |   | 2 |  |
|     Total commercial lines                              |   | 672 |  |   | 153 |  |   | 825 |  |   | 102 |  |   | 3 |  |   | — |  |   | 105 |  |   | 774 |  |   | 3 |  |   | 153 |  |   | 930 |  |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Personal auto                                                   |   | 146 |  |   | 25 |  |   | 171 |  |   | 6 |  |   | 7 |  |   | 2 |  |   | 15 |  |   | 152 |  |   | 7 |  |   | 27 |  |   | 186 |  |
|   Homeowners                                                      |   | 150 |  |   | 14 |  |   | 164 |  |   | 28 |  |   | 7 |  |   | 2 |  |   | 37 |  |   | 178 |  |   | 7 |  |   | 16 |  |   | 201 |  |
|   Other personal                                                  |   | 23 |  |   | 2 |  |   | 25 |  |   | 2 |  |   | 1 |  |   | — |  |   | 3 |  |   | 25 |  |   | 1 |  |   | 2 |  |   | 28 |  |
|     Total personal lines                                |   | 319 |  |   | 41 |  |   | 360 |  |   | 36 |  |   | 15 |  |   | 4 |  |   | 55 |  |   | 355 |  |   | 15 |  |   | 45 |  |   | 415 |  |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Commercial casualty & property                              |   | 8 |  |   | 6 |  |   | 14 |  |   | 8 |  |   | 13 |  |   | 3 |  |   | 24 |  |   | 16 |  |   | 13 |  |   | 9 |  |   | 38 |  |
|     Total excess & surplus lines                    |   | 8 |  |   | 6 |  |   | 14 |  |   | 8 |  |   | 13 |  |   | 3 |  |   | 24 |  |   | 16 |  |   | 13 |  |   | 9 |  |   | 38 |  |
|       Total property casualty                 |   | $ | 999 |  |   | $ | 200 |  |   | $ | 1,199 |  |   | $ | 146 |  |   | $ | 31 |  |   | $ | 7 |  |   | $ | 184 |  |   | $ | 1,145 |  |   | $ | 31 |  |   | $ | 207 |  |   | $ | 1,383 |  |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                                               |
|-------------------------------------------------------------------------------|
|                                                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Cincinnati Insurance Companies Consolidated                                   |
| Loss and Loss Expense Analysis                                                |
| (In millions)                                                                 |   |   |   |   |   |   |   | Change in |   | Change in |   | Change in |   | Total |   |   |   |   |   | Loss |   |   |
|                                                                          | Paid |   | Paid loss |   | Total |   | case |   | IBNR |   | loss expense |   | change in |   | Case |   | IBNR |   | expense |   | Total |
|                                                                          | losses |   | expense |   | paid |   | reserves |   | reserves |   | reserves |   | reserves |   | incurred |   | incurred |   | incurred |   | incurred |
| Gross loss and loss expense incurred for the three months ended June 30, 2014 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Commercial casualty                                               |   | $ | 89 |  |   | $ | 36 |  |   | $ | 125 |  |   | $ | 33 |  |   | $ | (34 | ) |   | $ | 1 |  |   | $ | — |  |   | $ | 122 |  |   | $ | (34 | ) |   | $ | 37 |  |   | $ | 125 |  |
|   Commercial property                                               |   | 108 |  |   | 10 |  |   | 118 |  |   | 9 |  |   | (8 | ) |   | (4 | ) |   | (3 | ) |   | 117 |  |   | (8 | ) |   | 6 |  |   | 115 |  |
|   Commercial auto                                                   |   | 71 |  |   | 13 |  |   | 84 |  |   | 15 |  |   | 13 |  |   | 1 |  |   | 29 |  |   | 86 |  |   | 13 |  |   | 14 |  |   | 113 |  |
|   Workers' compensation                                             |   | 52 |  |   | 10 |  |   | 62 |  |   | (6 | ) |   | 13 |  |   | (3 | ) |   | 4 |  |   | 46 |  |   | 13 |  |   | 7 |  |   | 66 |  |
|   Specialty packages                                                |   | 26 |  |   | 4 |  |   | 30 |  |   | 7 |  |   | (3 | ) |   | (1 | ) |   | 3 |  |   | 33 |  |   | (3 | ) |   | 3 |  |   | 33 |  |
|   Management liability and surety                                   |   | 14 |  |   | 4 |  |   | 18 |  |   | (4 | ) |   | 4 |  |   | 1 |  |   | 1 |  |   | 10 |  |   | 4 |  |   | 5 |  |   | 19 |  |
|   Machinery and equipment                                           |   | 2 |  |   | — |  |   | 2 |  |   | — |  |   | (1 | ) |   | — |  |   | (1 | ) |   | 2 |  |   | (1 | ) |   | — |  |   | 1 |  |
|     Total commercial lines                                |   | 362 |  |   | 77 |  |   | 439 |  |   | 54 |  |   | (16 | ) |   | (5 | ) |   | 33 |  |   | 416 |  |   | (16 | ) |   | 72 |  |   | 472 |  |
|                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Personal auto                                                     |   | 73 |  |   | 12 |  |   | 85 |  |   | 5 |  |   | 7 |  |   | 1 |  |   | 13 |  |   | 78 |  |   | 7 |  |   | 13 |  |   | 98 |  |
|   Homeowners                                                        |   | 84 |  |   | 7 |  |   | 91 |  |   | 7 |  |   | 17 |  |   | 1 |  |   | 25 |  |   | 91 |  |   | 17 |  |   | 8 |  |   | 116 |  |
|   Other personal                                                    |   | 11 |  |   | 1 |  |   | 12 |  |   | 3 |  |   | (2 | ) |   | — |  |   | 1 |  |   | 14 |  |   | (2 | ) |   | 1 |  |   | 13 |  |
|     Total personal lines                                  |   | 168 |  |   | 20 |  |   | 188 |  |   | 15 |  |   | 22 |  |   | 2 |  |   | 39 |  |   | 183 |  |   | 22 |  |   | 22 |  |   | 227 |  |
|                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Commercial casualty & property                                |   | 3 |  |   | 3 |  |   | 6 |  |   | 4 |  |   | 9 |  |   | — |  |   | 13 |  |   | 7 |  |   | 9 |  |   | 3 |  |   | 19 |  |
|     Total excess & surplus lines                      |   | 3 |  |   | 3 |  |   | 6 |  |   | 4 |  |   | 9 |  |   | — |  |   | 13 |  |   | 7 |  |   | 9 |  |   | 3 |  |   | 19 |  |
|       Total property casualty                   |   | $ | 533 |  |   | $ | 100 |  |   | $ | 633 |  |   | $ | 73 |  |   | $ | 15 |  |   | $ | (3 | ) |   | $ | 85 |  |   | $ | 606 |  |   | $ | 15 |  |   | $ | 97 |  |   | $ | 718 |  |
|                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ceded loss and loss expense incurred for the three months ended June 30, 2014 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Commercial casualty                                               |   | $ | 7 |  |   | $ | — |  |   | $ | 7 |  |   | $ | (3 | ) |   | $ | — |  |   | $ | — |  |   | $ | (3 | ) |   | $ | 4 |  |   | $ | — |  |   | $ | — |  |   | $ | 4 |  |
|   Commercial property                                               |   | — |  |   | — |  |   | — |  |   | — |  |   | (1 | ) |   | — |  |   | (1 | ) |   | — |  |   | (1 | ) |   | — |  |   | (1 | ) |
|   Commercial auto                                                   |   | 1 |  |   | — |  |   | 1 |  |   | — |  |   | — |  |   | — |  |   | — |  |   | 1 |  |   | — |  |   | — |  |   | 1 |  |
|   Workers' compensation                                             |   | 6 |  |   | — |  |   | 6 |  |   | — |  |   | 1 |  |   | — |  |   | 1 |  |   | 6 |  |   | 1 |  |   | — |  |   | 7 |  |
|   Specialty packages                                                |   | 1 |  |   | — |  |   | 1 |  |   | — |  |   | — |  |   | — |  |   | — |  |   | 1 |  |   | — |  |   | — |  |   | 1 |  |
|   Management liability and surety                                   |   | 2 |  |   | — |  |   | 2 |  |   | (3 | ) |   | — |  |   | — |  |   | (3 | ) |   | (1 | ) |   | — |  |   | — |  |   | (1 | ) |
|   Machinery and equipment                                           |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |
|     Total commercial lines                                |   | 17 |  |   | — |  |   | 17 |  |   | (6 | ) |   | — |  |   | — |  |   | (6 | ) |   | 11 |  |   | — |  |   | — |  |   | 11 |  |
|                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Personal auto                                                     |   | 1 |  |   | — |  |   | 1 |  |   | — |  |   | — |  |   | — |  |   | — |  |   | 1 |  |   | — |  |   | — |  |   | 1 |  |
|   Homeowners                                                        |   | — |  |   | — |  |   | — |  |   | — |  |   | (1 | ) |   | — |  |   | (1 | ) |   | — |  |   | (1 | ) |   | — |  |   | (1 | ) |
|   Other personal                                                    |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |
|     Total personal lines                                  |   | 1 |  |   | — |  |   | 1 |  |   | — |  |   | (1 | ) |   | — |  |   | (1 | ) |   | 1 |  |   | (1 | ) |   | — |  |   | — |  |
|                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Commercial casualty & property                                |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |
|     Total excess & surplus lines                      |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |
|       Total property casualty                   |   | $ | 18 |  |   | $ | — |  |   | $ | 18 |  |   | $ | (6 | ) |   | $ | (1 | ) |   | $ | — |  |   | $ | (7 | ) |   | $ | 12 |  |   | $ | (1 | ) |   | $ | — |  |   | $ | 11 |  |
|                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss and loss expense incurred for the three months ended June 30, 2014   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Commercial casualty                                               |   | $ | 82 |  |   | $ | 36 |  |   | $ | 118 |  |   | $ | 36 |  |   | $ | (34 | ) |   | $ | 1 |  |   | $ | 3 |  |   | $ | 118 |  |   | $ | (34 | ) |   | $ | 37 |  |   | $ | 121 |  |
|   Commercial property                                               |   | 108 |  |   | 10 |  |   | 118 |  |   | 9 |  |   | (7 | ) |   | (4 | ) |   | (2 | ) |   | 117 |  |   | (7 | ) |   | 6 |  |   | 116 |  |
|   Commercial auto                                                   |   | 70 |  |   | 13 |  |   | 83 |  |   | 15 |  |   | 13 |  |   | 1 |  |   | 29 |  |   | 85 |  |   | 13 |  |   | 14 |  |   | 112 |  |
|   Workers' compensation                                             |   | 46 |  |   | 10 |  |   | 56 |  |   | (6 | ) |   | 12 |  |   | (3 | ) |   | 3 |  |   | 40 |  |   | 12 |  |   | 7 |  |   | 59 |  |
|   Specialty packages                                                |   | 25 |  |   | 4 |  |   | 29 |  |   | 7 |  |   | (3 | ) |   | (1 | ) |   | 3 |  |   | 32 |  |   | (3 | ) |   | 3 |  |   | 32 |  |
|   Management liability and surety                                   |   | 12 |  |   | 4 |  |   | 16 |  |   | (1 | ) |   | 4 |  |   | 1 |  |   | 4 |  |   | 11 |  |   | 4 |  |   | 5 |  |   | 20 |  |
|   Machinery and equipment                                           |   | 2 |  |   | — |  |   | 2 |  |   | — |  |   | (1 | ) |   | — |  |   | (1 | ) |   | 2 |  |   | (1 | ) |   | — |  |   | 1 |  |
|     Total commercial lines                                |   | 345 |  |   | 77 |  |   | 422 |  |   | 60 |  |   | (16 | ) |   | (5 | ) |   | 39 |  |   | 405 |  |   | (16 | ) |   | 72 |  |   | 461 |  |
|                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Personal auto                                                     |   | 72 |  |   | 12 |  |   | 84 |  |   | 5 |  |   | 7 |  |   | 1 |  |   | 13 |  |   | 77 |  |   | 7 |  |   | 13 |  |   | 97 |  |
|   Homeowners                                                        |   | 84 |  |   | 7 |  |   | 91 |  |   | 7 |  |   | 18 |  |   | 1 |  |   | 26 |  |   | 91 |  |   | 18 |  |   | 8 |  |   | 117 |  |
|   Other personal                                                    |   | 11 |  |   | 1 |  |   | 12 |  |   | 3 |  |   | (2 | ) |   | — |  |   | 1 |  |   | 14 |  |   | (2 | ) |   | 1 |  |   | 13 |  |
|     Total personal lines                                  |   | 167 |  |   | 20 |  |   | 187 |  |   | 15 |  |   | 23 |  |   | 2 |  |   | 40 |  |   | 182 |  |   | 23 |  |   | 22 |  |   | 227 |  |
|                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Commercial casualty & property                                |   | 3 |  |   | 3 |  |   | 6 |  |   | 4 |  |   | 9 |  |   | — |  |   | 13 |  |   | 7 |  |   | 9 |  |   | 3 |  |   | 19 |  |
|     Total excess & surplus lines                      |   | 3 |  |   | 3 |  |   | 6 |  |   | 4 |  |   | 9 |  |   | — |  |   | 13 |  |   | 7 |  |   | 9 |  |   | 3 |  |   | 19 |  |
|       Total property casualty                   |   | $ | 515 |  |   | $ | 100 |  |   | $ | 615 |  |   | $ | 79 |  |   | $ | 16 |  |   | $ | (3 | ) |   | $ | 92 |  |   | $ | 594 |  |   | $ | 16 |  |   | $ | 97 |  |   | $ | 707 |  |
|                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

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

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

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

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

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| The Cincinnati Life Insurance Company                                                                                                                                                                                                                                                                                  |
| Statutory Statements of Income                                                                                                                                                                                                                                                                                         |
|                                                                                                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                   | For the Three Months Ended June 30, | For the Six Months Ended June 30, |
| (Dollars in millions)                                                                                                                                                                                                                                                                                                  | 2014 | 2013 | Change | % Change | 2014 | 2013 | Change | % Change |
| Net premiums written                                                                                                                                                                                                                                                                                                   | $ | 65 |  | $ | 61 |  | $ | 4 |  | 7 |  | $ | 123 |  | $ | 119 |  | $ | 4 |  | 3 |  |
| Net investment income                                                                                                                                                                                                                                                                                                  | 37 |  | 36 |  | 1 |  | 3 |  | 74 |  | 71 |  | 3 |  | 4 |  |
| Amortization of interest maintenance reserve                                                                                                                                                                                                                                                                           | 2 |  | 1 |  | 1 |  | 100 |  | 2 |  | 1 |  | 1 |  | 100 |  |
| Commissions and expense allowances on reinsurance ceded                                                                                                                                                                                                                                                                | 1 |  | 1 |  | — |  | — |  | 3 |  | 3 |  | — |  | — |  |
| Income from fees associated with Separate Accounts                                                                                                                                                                                                                                                                     | 2 |  | 1 |  | 1 |  | 100 |  | 3 |  | 2 |  | 1 |  | 50 |  |
| Total revenues                                                                                                                                                                                                                                                                                                         | $ | 107 |  | $ | 100 |  | $ | 7 |  | 7 |  | $ | 205 |  | $ | 196 |  | $ | 9 |  | 5 |  |
|                                                                                                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |
| Death benefits and matured endowments                                                                                                                                                                                                                                                                                  | $ | 22 |  | $ | 17 |  | $ | 5 |  | 29 |  | $ | 48 |  | $ | 36 |  | $ | 12 |  | 33 |  |
| Annuity benefits                                                                                                                                                                                                                                                                                                       | 16 |  | 11 |  | 5 |  | 45 |  | 30 |  | 26 |  | 4 |  | 15 |  |
| Disability benefits and benefits under accident and health contracts                                                                                                                                                                                                                                                   | 1 |  | 1 |  | — |  | — |  | 1 |  | 1 |  | — |  | — |  |
| Surrender benefits and group conversions                                                                                                                                                                                                                                                                               | 6 |  | 5 |  | 1 |  | 20 |  | 11 |  | 12 |  | (1 | ) | (8 | ) |
| Interest and adjustments on deposit-type contract funds                                                                                                                                                                                                                                                                | 3 |  | 3 |  | — |  | — |  | 5 |  | 5 |  | — |  | — |  |
| Increase in aggregate reserves for life and accident and health contracts                                                                                                                                                                                                                                              | 47 |  | 44 |  | 3 |  | 7 |  | 88 |  | 82 |  | 6 |  | 7 |  |
| Payments on supplementary contracts with life contingencies                                                                                                                                                                                                                                                            | — |  | — |  | — |  | nm |  | — |  | — |  | — |  | nm |  |
| Total benefit expenses                                                                                                                                                                                                                                                                                                 | $ | 95 |  | $ | 81 |  | $ | 14 |  | 17 |  | $ | 183 |  | $ | 162 |  | $ | 21 |  | 13 |  |
|                                                                                                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |
| Commissions                                                                                                                                                                                                                                                                                                            | $ | 10 |  | $ | 9 |  | $ | 1 |  | 11 |  | $ | 19 |  | $ | 19 |  | $ | — |  | — |  |
| General insurance expenses and taxes                                                                                                                                                                                                                                                                                   | 10 |  | 11 |  | (1 | ) | (9 | ) | 20 |  | 22 |  | (2 | ) | (9 | ) |
| Increase in loading on deferred and uncollected premiums                                                                                                                                                                                                                                                               | (2 | ) | (2 | ) | — |  | — |  | (3 | ) | (4 | ) | 1 |  | (25 | ) |
| Net transfers from Separate Accounts                                                                                                                                                                                                                                                                                   | (4 | ) | — |  | (4 | ) | nm |  | (4 | ) | — |  | (4 | ) | nm |  |
| Other deductions                                                                                                                                                                                                                                                                                                       | — |  | — |  | — |  | nm |  | — |  | — |  | — |  | nm |  |
| Total operating expenses                                                                                                                                                                                                                                                                                               | $ | 14 |  | $ | 18 |  | $ | (4 | ) | (22 | ) | $ | 32 |  | $ | 37 |  | $ | (5 | ) | (14 | ) |
|                                                                                                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |
| Federal and foreign income tax benefit                                                                                                                                                                                                                                                                                 | (1 | ) | — |  | (1 | ) | nm |  | (3 | ) | — |  | (3 | ) | nm |  |
|                                                                                                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |
| Net income (loss) from operations before realized capital gains                                                                                                                                                                                                                                                        | $ | (1 | ) | $ | 1 |  | $ | (2 | ) | nm |  | $ | (7 | ) | $ | (3 | ) | $ | (4 | ) | 133 |  |
|                                                                                                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |
| Net realized gains net of capital gains tax                                                                                                                                                                                                                                                                            | — |  | 1 |  | (1 | ) | (100 | ) | — |  | 1 |  | (1 | ) | (100 | ) |
|                                                                                                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |
| Net income (loss) (statutory)                                                                                                                                                                                                                                                                                          | $ | (1 | ) | $ | 2 |  | $ | (3 | ) | nm |  | $ | (7 | ) | $ | (2 | ) | $ | (5 | ) | 250 |  |
| *Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. *nm - Not meaningful*Statutory data prepared in accordance with statutory accounting rules as defined by the National Association of Insurance Commissioners and filed with the   appropriate regulatory bodies. |