|                    |
|--------------------|
|                    |  |  |
| Investor Contact:  | Media Contact: | Shareholder Contact: |
| Dennis E. McDaniel | Betsy E. Ertel | Brandon McIntosh |
| 513-870-2768       | 513-603-5323 | 513-870-2696 |

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

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|                                                     |
|-----------------------------------------------------|
|                                                     |  |  |
|                                                | Cincinnati Financial Corporation |
|                                                | Supplemental Financial Data |
|                                                | Fourth Quarter 2019 |
|                                                |   |   |
|                                                |   | Page |
|                                                | Definitions of Non-GAAP Information and Reconciliation to Comparable GAAP Measures | 3 |
|                                                |   |   |
| Consolidated                                        |   |
|                                                | CFC and Subsidiaries Consolidation – Twelve Months Ended December 31, 2019 | 4 |
|                                                | CFC and Subsidiaries Consolidation – Three Months Ended December 31, 2019 | 5 |
|                                                | 5-Year Net Income Reconciliation | 6 |
|                                                |   |   |
| Consolidated Property Casualty Insurance Operations |   |
|                                                | Losses Incurred Detail | 7 |
|                                                | Loss Ratio Detail | 8 |
|                                                | Loss Claim Count Detail | 9 |
|                                                | Direct Written Premiums by Risk State by Line of Business | 10 |
|                                                | Quarterly Property Casualty Data – Commercial Lines | 11 |
|                                                | Quarterly Property Casualty Data – Personal Lines and Excess & Surplus Lines | 12 |
|                                                | Loss and Loss Expense Analysis – Twelve Months Ended December 31, 2019 | 13 |
|                                                | Loss and Loss Expense Analysis – Three Months Ended December 31, 2019 | 14 |
|                                                |   |   |
| Reconciliation Data                                 |   |
|                                                | Quarterly Property Casualty Data – Consolidated | 15 |
|                                                | Quarterly Property Casualty Data – Commercial Lines | 16 |
|                                                | Quarterly Property Casualty Data – Personal Lines | 17 |
|                                                | Quarterly Property Casualty Data – Excess & Surplus Lines | 18 |
|                                                |   |   |
| Statutory Statements of Income                      |   |
|                                                | Consolidated Cincinnati Insurance Companies Statutory Statements of Income | 19 |
|                                                | The Cincinnati Life Insurance Company Statutory Statements of Income | 20 |
|                                                |   |   |
| Other                                               |   |
|                                                | Quarterly Data – Other | 21 |

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|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Non-GAAP operating income: Non-GAAP operating income is calculated by excluding investment gains and losses (defined as investment gains and losses after applicable federal and state income taxes) and other significant non-recurring items from net income. Management evaluates non-GAAP operating income to measure the success of pricing, rate and underwriting strategies. While investment gains (or losses) are integral to the company’s insurance operations over the long term, the determination to realize investment gains or losses on fixed-maturity securities sold 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 are recognized from certain changes in market values of securities without actual realization. Management believes that the level of 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. |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Consolidated property casualty insurance results: To supplement reporting segment disclosures related to our property casualty insurance operations, we also evaluate results for those operations on a basis that includes results for our property casualty insurance and brokerage services subsidiaries. That is the total of our commercial lines, personal lines and our excess and surplus lines segments plus our reinsurance assumed operations known as Cincinnati Re and our London-based global specialty underwriter known as Cincinnati Global. |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Life insurance subsidiary results: To supplement life insurance reporting segment disclosures related to our life insurance operation, we also evaluate results for that operation on a basis that includes life insurance subsidiary investment income, or investment income plus investment gains and losses, that are also included in our investments reporting segment. We recognize that assets under management, capital appreciation and investment income are integral to evaluating the success of the life insurance segment because of the long duration of life products. |
|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | 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 measure is useful, 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 for insurance company regulation in the United States of America as defined in the NAIC’s Accounting Practices and Procedures Manual, which may be, and has been, modified by various state insurance departments and differ from GAAP. 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 in the U.S., 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. The difference between written and earned premium is unearned premium. |

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|                                                                                                                                                                                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Cincinnati Financial Corporation and Subsidiaries                                                                                                                                                             |
| Consolidated Statements of Income for the Twelve Months Ended December 31, 2019                                                                                                                               |
|                                                                                                                                                                                                          |   |   |   |   |   |   |
| (Dollars in millions)                                                                                                                                                                                         | CFC | CONSOL P&C | CLIC | CFC-I | ELIM | Total |
| Revenues                                                                                                                                                                                                      |   |   |   |   |   |   |
|   Premiums earned:                                                                                                                                                                                  |   |   |   |   |   |   |
|     Property casualty                                                                                                                                                                     | $ | — |  | $ | 5,539 |  | $ | — |  | $ | — |  | $ | — |  | $ | 5,539 |  |
|     Life                                                                                                                                                                                  | — |  | — |  | 341 |  | — |  | — |  | 341 |  |
|     Premiums ceded                                                                                                                                                                        | — |  | (205 | ) | (71 | ) | — |  | — |  | (276 | ) |
|       Total earned premium                                                                                                                                                      | — |  | 5,334 |  | 270 |  | — |  | — |  | 5,604 |  |
|   Investment income, net of expenses                                                                                                                                                                | 75 |  | 419 |  | 152 |  | — |  | — |  | 646 |  |
|   Investment gains and losses, net                                                                                                                                                                  | 728 |  | 926 |  | (4 | ) | — |  | — |  | 1,650 |  |
|   Fee revenues                                                                                                                                                                                      | — |  | 11 |  | 4 |  | — |  | — |  | 15 |  |
|   Other revenues                                                                                                                                                                                    | 15 |  | 4 |  | — |  | 5 |  | (15 | ) | 9 |  |
| Total revenues                                                                                                                                                                                                | $ | 818 |  | $ | 6,694 |  | $ | 422 |  | $ | 5 |  | $ | (15 | ) | $ | 7,924 |  |
|                                                                                                                                                                                                          |   |   |   |   |   |   |
| Benefits & expenses                                                                                                                                                                                       |   |   |   |   |   |   |
|   Losses & contract holders' benefits                                                                                                                                                           | $ | — |  | $ | 3,519 |  | $ | 359 |  | $ | — |  | $ | — |  | $ | 3,878 |  |
|   Reinsurance recoveries                                                                                                                                                                            | — |  | (167 | ) | (73 | ) | — |  | — |  | (240 | ) |
|   Underwriting, acquisition and insurance expenses                                                                                                                                                  | — |  | 1,652 |  | 86 |  | — |  | — |  | 1,738 |  |
|   Interest expense                                                                                                                                                                                  | 52 |  | — |  | — |  | 1 |  | — |  | 53 |  |
|   Other operating expenses                                                                                                                                                                          | 37 |  | — |  | — |  | 1 |  | (15 | ) | 23 |  |
| Total expenses                                                                                                                                                                                                | $ | 89 |  | $ | 5,004 |  | $ | 372 |  | $ | 2 |  | $ | (15 | ) | $ | 5,452 |  |
|                                                                                                                                                                                                               |   |   |   |   |   |   |
| Income before income taxes                                                                                                                                                                                    | $ | 729 |  | $ | 1,690 |  | $ | 50 |  | $ | 3 |  | $ | — |  | $ | 2,472 |  |
|                                                                                                                                                                                                          |   |   |   |   |   |   |
| Provision (benefit) for income taxes                                                                                                                                                                          |   |   |   |   |   |   |
|   Current operating income                                                                                                                                                                          | $ | (153 | ) | $ | (72 | ) | $ | 9 |  | $ | 1 |  | $ | — |  | $ | (215 | ) |
|   Capital gains/losses                                                                                                                                                                              | 153 |  | 194 |  | — |  | — |  | — |  | 347 |  |
|   Deferred                                                                                                                                                                                          | 146 |  | 195 |  | 2 |  | — |  | — |  | 343 |  |
| Total provision for income taxes                                                                                                                                                                              | $ | 146 |  | $ | 317 |  | $ | 11 |  | $ | 1 |  | $ | — |  | $ | 475 |  |
|                                                                                                                                                                                                          |   |   |   |   |   |   |
| Net income - current year                                                                                                                                                                                     | $ | 583 |  | $ | 1,373 |  | $ | 39 |  | $ | 2 |  | $ | — |  | $ | 1,997 |  |
|                                                                                                                                                                                                          |   |   |   |   |   |   |
| Net income (loss) - prior year                                                                                                                                                                                | $ | (80 | ) | $ | 316 |  | $ | 48 |  | $ | 1 |  | $ | — |  | $ | 285 |  |
| *Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.                                                                                                                   |   |   |   |
| *Consolidated property casualty data includes results from our Cincinnati Re operations and our London-based global specialty underwriter known as Cincinnati Global, which was acquired on February 28,2019. |

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|                                                                                                                                                                                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Cincinnati Financial Corporation and Subsidiaries                                                                                                                                                             |
| Consolidated Statements of Income for the Three Months Ended December 31, 2019                                                                                                                                |
|                                                                                                                                                                                                          |   |   |   |   |   |   |
| (Dollars in millions)                                                                                                                                                                                         | CFC | CONSOL P&C | CLIC | CFC-I | ELIM | Total |
| Revenues                                                                                                                                                                                                      |   |   |   |   |   |   |
|   Premiums earned:                                                                                                                                                                                  |   |   |   |   |   |   |
|     Property casualty                                                                                                                                                                     | $ | — |  | $ | 1,423 |  | $ | — |  | $ | — |  | $ | — |  | $ | 1,423 |  |
|     Life                                                                                                                                                                                  | — |  | — |  | 85 |  | — |  | — |  | 85 |  |
|     Premiums ceded                                                                                                                                                                        | — |  | (49 | ) | (18 | ) | — |  | — |  | (67 | ) |
|       Total earned premium                                                                                                                                                      | — |  | 1,374 |  | 67 |  | — |  | — |  | 1,441 |  |
|   Investment income, net of expenses                                                                                                                                                                | 23 |  | 107 |  | 38 |  | — |  | — |  | 168 |  |
|   Investment gains and losses, net                                                                                                                                                                  | 245 |  | 292 |  | — |  | — |  | — |  | 537 |  |
|   Fee revenues                                                                                                                                                                                      | — |  | 3 |  | 1 |  | — |  | — |  | 4 |  |
|   Other revenues                                                                                                                                                                                    | 3 |  | 1 |  | — |  | 1 |  | (3 | ) | 2 |  |
| Total revenues                                                                                                                                                                                                | $ | 271 |  | $ | 1,777 |  | $ | 106 |  | $ | 1 |  | $ | (3 | ) | $ | 2,152 |  |
|                                                                                                                                                                                                          |   |   |   |   |   |   |
| Benefits & expenses                                                                                                                                                                                       |   |   |   |   |   |   |
|   Losses & contract holders' benefits                                                                                                                                                           | $ | — |  | $ | 924 |  | $ | 100 |  | $ | — |  | $ | — |  | $ | 1,024 |  |
|   Reinsurance recoveries                                                                                                                                                                            | — |  | (89 | ) | (25 | ) | — |  | — |  | (114 | ) |
|   Underwriting, acquisition and insurance expenses                                                                                                                                                  | — |  | 423 |  | 19 |  | — |  | — |  | 442 |  |
|   Interest expense                                                                                                                                                                                  | 13 |  | — |  | — |  | — |  | — |  | 13 |  |
|   Other operating expenses                                                                                                                                                                          | 9 |  | — |  | — |  | — |  | (3 | ) | 6 |  |
| Total expenses                                                                                                                                                                                                | $ | 22 |  | $ | 1,258 |  | $ | 94 |  | $ | — |  | $ | (3 | ) | $ | 1,371 |  |
|                                                                                                                                                                                                               |   |   |   |   |   |   |
| Income before income taxes                                                                                                                                                                                    | $ | 249 |  | $ | 519 |  | $ | 12 |  | $ | 1 |  | $ | — |  | $ | 781 |  |
|                                                                                                                                                                                                          |   |   |   |   |   |   |
| Provision (benefit) for income taxes                                                                                                                                                                          |   |   |   |   |   |   |
|   Current operating income                                                                                                                                                                          | $ | (53 | ) | $ | (17 | ) | $ | 4 |  | $ | 1 |  | $ | — |  | $ | (65 | ) |
|   Capital gains/losses                                                                                                                                                                              | 51 |  | 61 |  | 1 |  | — |  | — |  | 113 |  |
|   Deferred                                                                                                                                                                                          | 52 |  | 57 |  | (2 | ) | — |  | — |  | 107 |  |
| Total provision for income taxes                                                                                                                                                                              | $ | 50 |  | $ | 101 |  | $ | 3 |  | $ | 1 |  | $ | — |  | $ | 155 |  |
|                                                                                                                                                                                                          |   |   |   |   |   |   |
| Net income - current year                                                                                                                                                                                     | $ | 199 |  | $ | 418 |  | $ | 9 |  | $ | — |  | $ | — |  | $ | 626 |  |
|                                                                                                                                                                                                          |   |   |   |   |   |   |
| Net (loss) income - prior year                                                                                                                                                                                | $ | (267 | ) | $ | (190 | ) | $ | 3 |  | $ | — |  | $ | — |  | $ | (454 | ) |
|  *Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.                                                                                                             |   |   |   |
| *Consolidated property casualty data includes results from our Cincinnati Re operations and our London-based global specialty underwriter known as Cincinnati Global, which was acquired on February 28,2019. |

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|                                                                                                                                                                            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Cincinnati Financial Corporation                                                                                                                                           |
| 5-Year Net Income Reconciliation                                                                                                                                           |
| (Dollars in millions except per share data)                                                                                                                                | Years ended December 31, |
|                                                                                                                                                                       | 2019 | 2018 | 2017 | 2016 | 2015 |
| Net income                                                                                                                                                                 | $ | 1,997 |  | $ | 287 |  | $ | 1,045 |  | $ | 591 |  | $ | 634 |  |
| Less:                                                                                                                                                                      |   |   |   |   |   |
| Investment gains and losses, net                                                                                                                                           | 1,650 |  | (402 | ) | 148 |  | 124 |  | 70 |  |
| Income tax on investment gains and losses                                                                                                                                  | (347 | ) | 84 |  | (53 | ) | (44 | ) | (25 | ) |
| Investment gains and losses, after-tax                                                                                                                                     | 1,303 |  | (318 | ) | 95 |  | 80 |  | 45 |  |
|      Other non-recurring items                                                                                                                    | — |  | 56 |  | 495 |  | — |  | — |  |
| Non-GAAP operating income                                                                                                                                                  | $ | 694 |  | $ | 549 |  | $ | 455 |  | $ | 511 |  | $ | 589 |  |
|                                                                                                                                                                       |   |   |   |   |   |
| Diluted per share data:                                                                                                                                                    |   |   |   |   |   |
| Net income                                                                                                                                                                 | $ | 12.10 |  | $ | 1.75 |  | $ | 6.29 |  | $ | 3.55 |  | $ | 3.83 |  |
| Less:                                                                                                                                                                      |   |   |   |   |   |
| Investment gains and losses, net                                                                                                                                           | 10.00 |  | (2.44 | ) | 0.89 |  | 0.74 |  | 0.42 |  |
| Income tax on investment gains and losses                                                                                                                                  | (2.10 | ) | 0.50 |  | (0.32 | ) | (0.26 | ) | (0.15 | ) |
| Investment gains and losses, after-tax                                                                                                                                     | 7.90 |  | (1.94 | ) | 0.57 |  | 0.48 |  | 0.27 |  |
|      Other non-recurring items                                                                                                                    | — |  | 0.34 |  | 2.98 |  | — |  | — |  |
| Non-GAAP operating income                                                                                                                                                  | $ | 4.20 |  | $ | 3.35 |  | $ | 2.74 |  | $ | 3.07 |  | $ | 3.56 |  |
|                                                                                                                                                                       |   |   |   |   |   |
| Value creation ratio                                                                                                                                                       |   |   |   |   |   |
| Book value per share growth                                                                                                                                                | 25.9 | % | (4.3 | )% | 17.1 | % | 9.6 | % | (2.3 | )% |
| Shareholder dividend declared as a percentage of beginning book value                                                                                                      | 4.6 |  | 4.2 |  | 5.8 |  | 4.9 |  | 5.7 |  |
| Value creation ratio                                                                                                                                                       | 30.5 | % | (0.1 | )% | 22.9 | % | 14.5 | % | 3.4 |  % |
|                                                                                                                                                                       |   |   |   |   |   |
| Investment income                                                                                                                                                          |   |   |   |   |   |
| Investment income, net of expenses                                                                                                                                         | $ | 646 |  | $ | 619 |  | $ | 609 |  | $ | 595 |  | $ | 572 |  |
| *Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts.                           |
| *Includes results from our Cincinnati Re operations and our London-based global specialty underwriter known as Cincinnati Global, which was acquired on February 28, 2019. |

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|                                                                                                                                                                                                                |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Consolidated Property Casualty                                                                                                                                                                                 |
| Losses Incurred Detail                                                                                                                                                                                         |
| (Dollars in millions)                                                                                                                                                                                          | Three months ended | Six months ended | Nine months ended | Twelve months ended |
|                                                                                                                                                                                                           | 12/31/19 | 9/30/19 | 6/30/19 | 3/31/19 | 12/31/18 | 9/30/18 | 6/30/18 | 3/31/18 | 6/30/19 | 6/30/18 | 9/30/19 | 9/30/18 | 12/31/19 | 12/31/18 |
| Consolidated                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Current accident year losses greater than $5,000,000                                                                                                                                                           | $ | 14 |  | $ | (1 | ) | $ | 14 |  | $ | — |  | $ | 14 |  | $ | 8 |  | $ | 6 |  | $ | 15 |  | $ | 14 |  | $ | 21 |  | $ | 13 |  | $ | 29 |  | $ | 27 |  | $ | 43 |  |
| Current accident year losses $1,000,000-$5,000,000                                                                                                                                                             | 77 |  | 76 |  | 53 |  | 37 |  | 54 |  | 70 |  | 62 |  | 32 |  | 90 |  | 94 |  | 166 |  | 164 |  | 243 |  | 218 |  |
| Large loss prior accident year reserve development                                                                                                                                                             | (4 | ) | 33 |  | 5 |  | 16 |  | 21 |  | 10 |  | 4 |  | 34 |  | 21 |  | 38 |  | 54 |  | 48 |  | 50 |  | 69 |  |
|    Total large losses incurred                                                                                                                                                                  | $ | 87 |  | $ | 108 |  | $ | 72 |  | $ | 53 |  | $ | 89 |  | $ | 88 |  | $ | 72 |  | $ | 81 |  | $ | 125 |  | $ | 153 |  | $ | 233 |  | $ | 241 |  | $ | 320 |  | $ | 330 |  |
| Losses incurred but not reported                                                                                                                                                                               | 41 |  | (24 | ) | (14 | ) | 47 |  | 23 |  | (10 | ) | 87 |  | 10 |  | 33 |  | 97 |  | 9 |  | 87 |  | 50 |  | 110 |  |
| Other losses excluding catastrophe losses                                                                                                                                                                      | 512 |  | 566 |  | 547 |  | 493 |  | 451 |  | 482 |  | 433 |  | 520 |  | 1,039 |  | 953 |  | 1,606 |  | 1,435 |  | 2,118 |  | 1,886 |  |
| Catastrophe losses                                                                                                                                                                                             | 42 |  | 70 |  | 128 |  | 69 |  | 83 |  | 117 |  | 83 |  | 51 |  | 198 |  | 134 |  | 268 |  | 251 |  | 309 |  | 334 |  |
|    Total losses incurred                                                                                                                                                                        | $ | 682 |  | $ | 720 |  | $ | 733 |  | $ | 662 |  | $ | 646 |  | $ | 677 |  | $ | 675 |  | $ | 662 |  | $ | 1,395 |  | $ | 1,337 |  | $ | 2,116 |  | $ | 2,014 |  | $ | 2,797 |  | $ | 2,660 |  |
| Commercial Lines                                                                                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Current accident year losses greater than $5,000,000                                                                                                                                                           | $ | 14 |  | $ | (1 | ) | $ | 14 |  | $ | — |  | $ | 8 |  | $ | 8 |  | $ | 6 |  | $ | 15 |  | $ | 14 |  | $ | 21 |  | $ | 13 |  | $ | 29 |  | $ | 27 |  | $ | 37 |  |
| Current accident year losses $1,000,000-$5,000,000                                                                                                                                                             | 62 |  | 56 |  | 41 |  | 26 |  | 47 |  | 62 |  | 51 |  | 22 |  | 68 |  | 73 |  | 124 |  | 135 |  | 185 |  | 182 |  |
| Large loss prior accident year reserve development                                                                                                                                                             | 1 |  | 32 |  | 3 |  | 13 |  | 24 |  | 11 |  | 1 |  | 29 |  | 16 |  | 30 |  | 48 |  | 41 |  | 49 |  | 65 |  |
|    Total large losses incurred                                                                                                                                                                  | $ | 77 |  | $ | 87 |  | $ | 58 |  | $ | 39 |  | $ | 79 |  | $ | 81 |  | $ | 58 |  | $ | 66 |  | $ | 98 |  | $ | 124 |  | $ | 185 |  | $ | 205 |  | $ | 261 |  | $ | 284 |  |
| Losses incurred but not reported                                                                                                                                                                               | 12 |  | (22 | ) | (7 | ) | 43 |  | 18 |  | (23 | ) | 53 |  | 16 |  | 36 |  | 69 |  | 14 |  | 46 |  | 26 |  | 64 |  |
| Other losses excluding catastrophe losses                                                                                                                                                                      | 302 |  | 314 |  | 320 |  | 286 |  | 266 |  | 284 |  | 247 |  | 325 |  | 605 |  | 572 |  | 919 |  | 856 |  | 1,222 |  | 1,122 |  |
| Catastrophe losses                                                                                                                                                                                             | (9 | ) | 32 |  | 94 |  | 25 |  | 32 |  | 75 |  | 51 |  | 22 |  | 119 |  | 73 |  | 151 |  | 148 |  | 142 |  | 180 |  |
|    Total losses incurred                                                                                                                                                                        | $ | 382 |  | $ | 411 |  | $ | 465 |  | $ | 393 |  | $ | 395 |  | $ | 417 |  | $ | 409 |  | $ | 429 |  | $ | 858 |  | $ | 838 |  | $ | 1,269 |  | $ | 1,255 |  | $ | 1,651 |  | $ | 1,650 |  |
| Personal Lines                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Current accident year losses greater than $5,000,000                                                                                                                                                           | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 6 |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 6 |  |
| Current accident year losses $1,000,000-$5,000,000                                                                                                                                                             | 11 |  | 20 |  | 10 |  | 10 |  | 4 |  | 7 |  | 11 |  | 10 |  | 19 |  | 21 |  | 39 |  | 28 |  | 51 |  | 32 |  |
| Large loss prior accident year reserve development                                                                                                                                                             | (3 | ) | (1 | ) | 1 |  | 2 |  | (3 | ) | (1 | ) | 3 |  | 5 |  | 3 |  | 8 |  | 2 |  | 7 |  | (1 | ) | 4 |  |
|    Total large losses incurred                                                                                                                                                                  | $ | 8 |  | $ | 19 |  | $ | 11 |  | $ | 12 |  | $ | 7 |  | $ | 6 |  | $ | 14 |  | $ | 15 |  | $ | 22 |  | $ | 29 |  | $ | 41 |  | $ | 35 |  | $ | 50 |  | $ | 42 |  |
| Losses incurred but not reported                                                                                                                                                                               | 17 |  | — |  | (4 | ) | 4 |  | (3 | ) | 11 |  | 31 |  | (1 | ) | — |  | 30 |  | (1 | ) | 41 |  | 17 |  | 38 |  |
| Other losses excluding catastrophe losses                                                                                                                                                                      | 160 |  | 172 |  | 167 |  | 163 |  | 154 |  | 172 |  | 157 |  | 167 |  | 330 |  | 324 |  | 504 |  | 496 |  | 662 |  | 650 |  |
| Catastrophe losses                                                                                                                                                                                             | 33 |  | 23 |  | 34 |  | 45 |  | 27 |  | 33 |  | 33 |  | 29 |  | 79 |  | 62 |  | 101 |  | 95 |  | 135 |  | 122 |  |
|    Total losses incurred                                                                                                                                                                        | $ | 218 |  | $ | 214 |  | $ | 208 |  | $ | 224 |  | $ | 185 |  | $ | 222 |  | $ | 235 |  | $ | 210 |  | $ | 431 |  | $ | 445 |  | $ | 645 |  | $ | 667 |  | $ | 864 |  | $ | 852 |  |
| Excess & Surplus Lines                                                                                                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Current accident year losses greater than $5,000,000                                                                                                                                                           | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  |
| Current accident year losses $1,000,000-$5,000,000                                                                                                                                                             | 4 |  | — |  | 2 |  | 1 |  | 3 |  | 1 |  | — |  | — |  | 3 |  | — |  | 3 |  | 1 |  | 7 |  | 4 |  |
| Large loss prior accident year reserve development                                                                                                                                                             | (2 | ) | 2 |  | 1 |  | 1 |  | — |  | — |  | — |  | — |  | 2 |  | — |  | 4 |  | — |  | 2 |  | — |  |
|    Total large losses incurred                                                                                                                                                                  | $ | 2 |  | $ | 2 |  | $ | 3 |  | $ | 2 |  | $ | 3 |  | $ | 1 |  | $ | — |  | $ | — |  | $ | 5 |  | $ | — |  | $ | 7 |  | $ | 1 |  | $ | 9 |  | $ | 4 |  |
| Losses incurred but not reported                                                                                                                                                                               | 12 |  | (2 | ) | (3 | ) | — |  | 8 |  | 2 |  | 3 |  | (5 | ) | (3 | ) | (2 | ) | (4 | ) | — |  | 7 |  | 8 |  |
| Other losses excluding catastrophe losses                                                                                                                                                                      | 14 |  | 25 |  | 18 |  | 19 |  | 8 |  | 11 |  | 17 |  | 14 |  | 36 |  | 31 |  | 61 |  | 42 |  | 76 |  | 50 |  |
| Catastrophe losses                                                                                                                                                                                             | 1 |  | 1 |  | — |  | — |  | — |  | 1 |  | — |  | 1 |  | 1 |  | 1 |  | 1 |  | 2 |  | 2 |  | 2 |  |
|    Total losses incurred                                                                                                                                                                        | $ | 29 |  | $ | 26 |  | $ | 18 |  | $ | 21 |  | $ | 19 |  | $ | 15 |  | $ | 20 |  | $ | 10 |  | $ | 39 |  | $ | 30 |  | $ | 65 |  | $ | 45 |  | $ | 94 |  | $ | 64 |  |
|                                                                                                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| *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.                        |
| *Consolidated property casualty data includes results from our Cincinnati Re operations and our London-based global specialty underwriter known as Cincinnati Global, which was acquired on February 28, 2019. |

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|                                                                                                                                                                                                                |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Consolidated Property Casualty                                                                                                                                                                                 |
| Loss Ratio Detail                                                                                                                                                                                              |
|                                                                                                                                                                                                           | Three months ended | Six months ended | Nine months ended | Twelve months ended |
|                                                                                                                                                                                                           | 12/31/19 | 9/30/19 | 6/30/19 | 3/31/19 | 12/31/18 | 9/30/18 | 6/30/18 | 3/31/18 | 6/30/19 | 6/30/18 | 9/30/19 | 9/30/18 | 12/31/19 | 12/31/18 |
| Consolidated                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Current accident year losses greater than $5,000,000                                                                                                                                                           | 1.1 |  % | (0.1 | )% | 1.1 |  % | — | % | 1.1 |  % | 0.7 |  % | 0.4 |  % | 1.3 |  % | 0.5 |  % | 0.8 |  % | 0.3 |  % | 0.8 |  % | 0.5 |  % | 0.9 |  % |
| Current accident year losses $1,000,000-$5,000,000                                                                                                                                                             | 5.6 |  | 5.5 |  | 4.0 |  | 2.9 |  | 4.3 |  | 5.7 |  | 5.1 |  | 2.7 |  | 3.5 |  | 3.9 |  | 4.2 |  | 4.5 |  | 4.6 |  | 4.4 |  |
| Large loss prior accident year reserve development                                                                                                                                                             | (0.4 | ) | 2.4 |  | 0.4 |  | 1.2 |  | 1.7 |  | 0.7 |  | 0.3 |  | 2.8 |  | 0.8 |  | 1.6 |  | 1.4 |  | 1.3 |  | 0.9 |  | 1.4 |  |
|    Total large loss ratio                                                                                                                                                                       | 6.3 |  % | 7.8 |  % | 5.5 |  % | 4.1 | % | 7.1 |  % | 7.1 |  % | 5.8 |  % | 6.8 |  % | 4.8 |  % | 6.3 |  % | 5.9 |  % | 6.6 |  % | 6.0 |  % | 6.7 |  % |
| Losses incurred but not reported                                                                                                                                                                               | 3.0 |  | (1.8 | ) | (1.1 | ) | 3.7 |  | 1.8 |  | (0.8 | ) | 7.1 |  | 0.8 |  | 1.3 |  | 4.0 |  | 0.2 |  | 2.4 |  | 0.9 |  | 2.2 |  |
| Other losses excluding catastrophe losses                                                                                                                                                                      | 37.3 |  | 41.2 |  | 41.6 |  | 38.9 |  | 36.0 |  | 39.0 |  | 35.1 |  | 43.4 |  | 40.2 |  | 39.2 |  | 40.5 |  | 39.0 |  | 39.7 |  | 38.4 |  |
| Catastrophe losses                                                                                                                                                                                             | 3.0 |  | 5.1 |  | 9.7 |  | 5.5 |  | 6.6 |  | 9.5 |  | 6.8 |  | 4.2 |  | 7.7 |  | 5.5 |  | 6.8 |  | 6.9 |  | 5.8 |  | 6.8 |  |
|    Total loss ratio                                                                                                                                                                             | 49.6 |  % | 52.3 |  % | 55.7 |  % | 52.2 | % | 51.5 |  % | 54.8 |  % | 54.8 |  % | 55.2 |  % | 54.0 |  % | 55.0 |  % | 53.4 |  % | 54.9 |  % | 52.4 |  % | 54.1 |  % |
| Commercial Lines                                                                                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Current accident year losses greater than $5,000,000                                                                                                                                                           | 1.7 |  % | (0.1 | )% | 1.7 |  % | — | % | 1.0 |  % | 1.1 |  % | 0.7 |  % | 1.9 |  % | 0.9 |  % | 1.3 |  % | 0.5 |  % | 1.2 |  % | 0.8 |  % | 1.2 |  % |
| Current accident year losses $1,000,000-$5,000,000                                                                                                                                                             | 7.0 |  | 6.8 |  | 5.0 |  | 3.3 |  | 5.6 |  | 7.7 |  | 6.2 |  | 2.9 |  | 4.1 |  | 4.6 |  | 5.1 |  | 5.6 |  | 5.6 |  | 5.6 |  |
| Large loss prior accident year reserve development                                                                                                                                                             | 0.2 |  | 3.8 |  | 0.4 |  | 1.6 |  | 3.0 |  | 1.3 |  | 0.2 |  | 3.6 |  | 1.0 |  | 1.8 |  | 1.9 |  | 1.7 |  | 1.5 |  | 2.0 |  |
|    Total large loss ratio                                                                                                                                                                       | 8.9 |  % | 10.5 |  % | 7.1 |  % | 4.9 | % | 9.6 |  % | 10.1 |  % | 7.1 |  % | 8.4 |  % | 6.0 |  % | 7.7 |  % | 7.5 |  % | 8.5 |  % | 7.9 |  % | 8.8 |  % |
| Losses incurred but not reported                                                                                                                                                                               | 1.5 |  | (2.6 | ) | (0.9 | ) | 5.4 |  | 2.2 |  | (2.9 | ) | 6.5 |  | 2.1 |  | 2.2 |  | 4.3 |  | 0.6 |  | 1.9 |  | 0.8 |  | 2.0 |  |
| Other losses excluding catastrophe losses                                                                                                                                                                      | 35.4 |  | 37.6 |  | 38.9 |  | 35.1 |  | 32.9 |  | 35.3 |  | 30.4 |  | 41.1 |  | 37.0 |  | 35.7 |  | 37.2 |  | 35.6 |  | 36.7 |  | 34.9 |  |
| Catastrophe losses                                                                                                                                                                                             | (1.0 | ) | 3.8 |  | 11.4 |  | 3.1 |  | 3.9 |  | 9.3 |  | 6.3 |  | 2.8 |  | 7.3 |  | 4.6 |  | 6.1 |  | 6.2 |  | 4.3 |  | 5.6 |  |
|    Total loss ratio                                                                                                                                                                             | 44.8 |  % | 49.3 |  % | 56.5 |  % | 48.5 | % | 48.6 |  % | 51.8 |  % | 50.3 |  % | 54.4 |  % | 52.5 |  % | 52.3 |  % | 51.4 |  % | 52.2 |  % | 49.7 |  % | 51.3 |  % |
| Personal Lines                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Current accident year losses greater than $5,000,000                                                                                                                                                           | — |  % | — |  % | — |  % | — | % | 1.6 |  % | — |  % | — |  % | — |  % | — |  % | — |  % | — |  % | — |  % | — |  % | 0.4 |  % |
| Current accident year losses $1,000,000-$5,000,000                                                                                                                                                             | 3.5 |  | 5.4 |  | 2.8 |  | 2.8 |  | 1.3 |  | 2.0 |  | 3.5 |  | 2.9 |  | 2.8 |  | 3.2 |  | 3.7 |  | 2.8 |  | 3.6 |  | 2.4 |  |
| Large loss prior accident year reserve development                                                                                                                                                             | (1.0 | ) | (0.2 | ) | 0.3 |  | 0.6 |  | (0.7 | ) | (0.3 | ) | 0.8 |  | 1.7 |  | 0.4 |  | 1.2 |  | 0.2 |  | 0.7 |  | (0.1 | ) | 0.4 |  |
|    Total large loss ratio                                                                                                                                                                       | 2.5 |  % | 5.2 |  % | 3.1 |  % | 3.4 | % | 2.2 |  % | 1.7 |  % | 4.3 |  % | 4.6 |  % | 3.2 |  % | 4.4 |  % | 3.9 |  % | 3.5 |  % | 3.5 |  % | 3.2 |  % |
| Losses incurred but not reported                                                                                                                                                                               | 5.1 |  | (0.1 | ) | (1.1 | ) | 1.0 |  | (0.9 | ) | 3.4 |  | 9.4 |  | (0.4 | ) | (0.1 | ) | 4.6 |  | (0.1 | ) | 4.2 |  | 1.2 |  | 2.8 |  |
| Other losses excluding catastrophe losses                                                                                                                                                                      | 44.2 |  | 48.9 |  | 48.0 |  | 47.4 |  | 45.1 |  | 50.5 |  | 47.3 |  | 51.6 |  | 47.8 |  | 49.4 |  | 48.1 |  | 49.7 |  | 47.2 |  | 48.7 |  |
| Catastrophe losses                                                                                                                                                                                             | 9.4 |  | 6.4 |  | 9.7 |  | 13.1 |  | 7.9 |  | 10.0 |  | 10.0 |  | 8.8 |  | 11.4 |  | 9.4 |  | 9.7 |  | 9.6 |  | 9.6 |  | 9.1 |  |
|    Total loss ratio                                                                                                                                                                             | 61.2 |  % | 60.4 |  % | 59.7 |  % | 64.9 | % | 54.3 |  % | 65.6 |  % | 71.0 |  % | 64.6 |  % | 62.3 |  % | 67.8 |  % | 61.6 |  % | 67.0 |  % | 61.5 |  % | 63.8 |  % |
| Excess & Surplus Lines                                                                                                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Current accident year losses greater than $5,000,000                                                                                                                                                           | — |  % | — |  % | — |  % | — | % | — |  % | — |  % | — |  % | — |  % | — |  % | — |  % | — |  % | — |  % | — |  % | — |  % |
| Current accident year losses $1,000,000-$5,000,000                                                                                                                                                             | 5.4 |  | — |  | 3.0 |  | 1.6 |  | 5.0 |  | 1.9 |  | — |  | — |  | 2.4 |  | — |  | 1.5 |  | 0.7 |  | 2.5 |  | 1.8 |  |
| Large loss prior accident year reserve development                                                                                                                                                             | (2.7 | ) | 2.7 |  | 1.5 |  | 1.2 |  | (0.3 | ) | 0.4 |  | (0.2 | ) | (0.4 | ) | 1.3 |  | (0.3 | ) | 1.8 |  | (0.1 | ) | 0.6 |  | (0.1 | ) |
|    Total large loss ratio                                                                                                                                                                       | 2.7 |  % | 2.7 |  % | 4.5 |  % | 2.8 | % | 4.7 |  % | 2.3 |  % | (0.2 | )% | (0.4 | )% | 3.7 |  % | (0.3 | )% | 3.3 |  % | 0.6 |  % | 3.1 |  % | 1.7 |  % |
| Losses incurred but not reported                                                                                                                                                                               | 14.4 |  | (2.6 | ) | (4.5 | ) | 0.8 |  | 13.5 |  | 4.3 |  | 4.5 |  | (9.0 | ) | (1.9 | ) | (2.1 | ) | (2.2 | ) | 0.1 |  | 2.4 |  | 3.6 |  |
| Other losses excluding catastrophe losses                                                                                                                                                                      | 20.5 |  | 34.5 |  | 26.7 |  | 29.1 |  | 11.8 |  | 18.7 |  | 28.6 |  | 26.4 |  | 27.9 |  | 27.4 |  | 30.3 |  | 24.4 |  | 27.7 |  | 21.1 |  |
| Catastrophe losses                                                                                                                                                                                             | 0.4 |  | 1.0 |  | 0.5 |  | 0.2 |  | 0.7 |  | 0.5 |  | 1.0 |  | 1.8 |  | 0.3 |  | 1.4 |  | 0.6 |  | 1.1 |  | 0.5 |  | 1.0 |  |
|    Total loss ratio                                                                                                                                                                             | 38.0 |  % | 35.6 |  % | 27.2 |  % | 32.9 | % | 30.7 |  % | 25.8 |  % | 33.9 |  % | 18.8 |  % | 30.0 |  % | 26.4 |  % | 32.0 |  % | 26.2 |  % | 33.7 |  % | 27.4 |  % |
| *Certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts.                                                                                                             |
| *Consolidated property casualty data includes results from our Cincinnati Re operations and our London-based global specialty underwriter known as Cincinnati Global, which was acquired on February 28, 2019. |

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|                                                                                                            |
|------------------------------------------------------------------------------------------------------------|
|                                                                                                            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Consolidated Property Casualty                                                                             |
| Loss Claim Count Detail                                                                                    |
|                                                                                                       | Three months ended | Six months ended | Nine months ended | Twelve months ended |
|                                                                                                       | 12/31/19 | 9/30/19 | 6/30/19 | 3/31/19 | 12/31/18 | 9/30/18 | 6/30/18 | 3/31/18 | 6/30/19 | 6/30/18 | 9/30/19 | 9/30/18 | 12/31/19 | 12/31/18 |
| Consolidated                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Current accident year reported losses greater   than $5,000,000                             | 2 |  | 1 |  | 2 |  | — |  | — |  | 1 |  | 1 |  | 3 |  | 2 |  | 4 |  | 2 |  | 5 |  | 4 |  | 7 |  |
| Current accident year reported losses    $1,000,000 - $5,000,000                            | 39 |  | 35 |  | 31 |  | 19 |  | 33 |  | 37 |  | 36 |  | 22 |  | 50 |  | 59 |  | 88 |  | 95 |  | 137 |  | 125 |  |
| Prior accident year reported losses on   large losses                                       | 9 |  | 18 |  | 13 |  | 10 |  | 9 |  | 8 |  | 9 |  | 24 |  | 24 |  | 35 |  | 44 |  | 44 |  | 55 |  | 56 |  |
|    Non-Catastrophe reported losses on      large losses total | 50 |  | 54 |  | 46 |  | 29 |  | 42 |  | 46 |  | 46 |  | 49 |  | 76 |  | 98 |  | 134 |  | 144 |  | 196 |  | 188 |  |
| Commercial Lines                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Current accident year reported losses greater   than $5,000,000                                            | 2 |  | 1 |  | 2 |  | — |  | — |  | 1 |  | 1 |  | 2 |  | 2 |  | 3 |  | 2 |  | 4 |  | 4 |  | 5 |  |
| Current accident year reported losses    $1,000,000 - $5,000,000                                           | 27 |  | 27 |  | 23 |  | 12 |  | 25 |  | 33 |  | 30 |  | 15 |  | 35 |  | 46 |  | 64 |  | 77 |  | 100 |  | 100 |  |
| Prior accident year reported losses on   large losses                                                      | 8 |  | 18 |  | 10 |  | 7 |  | 8 |  | 7 |  | 6 |  | 22 |  | 19 |  | 30 |  | 38 |  | 38 |  | 49 |  | 49 |  |
|    Non-Catastrophe reported losses on      large losses total                               | 37 |  | 46 |  | 35 |  | 19 |  | 33 |  | 41 |  | 37 |  | 39 |  | 56 |  | 79 |  | 104 |  | 119 |  | 153 |  | 154 |  |
| Personal Lines                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Current accident year reported losses greater   than $5,000,000                                            | — |  | — |  | — |  | — |  | — |  | — |  | — |  | 1 |  | — |  | 1 |  | — |  | 1 |  | — |  | 2 |  |
| Current accident year reported losses    $1,000,000 - $5,000,000                                           | 8 |  | 8 |  | 6 |  | 6 |  | 7 |  | 3 |  | 6 |  | 7 |  | 12 |  | 13 |  | 21 |  | 17 |  | 30 |  | 21 |  |
| Prior accident year reported losses on   large losses                                                      | 1 |  | — |  | 1 |  | 2 |  | 1 |  | 1 |  | 3 |  | 2 |  | 3 |  | 5 |  | 3 |  | 6 |  | 4 |  | 7 |  |
|    Non-Catastrophe reported losses on      large losses total                               | 9 |  | 8 |  | 7 |  | 8 |  | 8 |  | 4 |  | 9 |  | 10 |  | 15 |  | 19 |  | 24 |  | 24 |  | 34 |  | 30 |  |
| Excess & Surplus Lines                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Current accident year reported losses greater   than $5,000,000                                            | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  |
| Current accident year reported losses    $1,000,000 - $5,000,000                                           | 4 |  | — |  | 2 |  | 1 |  | 1 |  | 1 |  | — |  | — |  | 3 |  | — |  | 3 |  | 1 |  | 7 |  | 4 |  |
| Prior accident year reported losses on   large losses                                                      | — |  | — |  | 2 |  | 1 |  | — |  | — |  | — |  | — |  | 2 |  | — |  | 3 |  | — |  | 2 |  | — |  |
|    Non-Catastrophe reported losses on      large losses total                               | 4 |  | — |  | 4 |  | 2 |  | 1 |  | 1 |  | — |  | — |  | 5 |  | — |  | 6 |  | 1 |  | 9 |  | 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                                                                                                                                                                                                                                                                                       |
| Direct Written Premiums by Risk State by Line of Business for the Twelve Months Ended December 31, 2019                                                                                                                                                                                                                                       |
| (Dollars in millions)                                                                                                                                                                                                                                                                                                                         | Commercial Lines |   |  Personal Lines |   | E & S |   | Consolidated | Comm'lChange% | PersonalChange% | E & SChange% | ConsolChange% |
| RiskState                                                                                                                                                                                                                                                                                                                                     | CommCasualty | CommProperty | CommAuto | Workers'Comp | Other Comm |   | PersonalAuto | Home Owner | Other Personal |   | AllLines |   | 2019 | 2018 |
|                                                                                                                                                                                                                                                                                                                                          |   |   | Total | Total |
| OH                                                                                                                                                                                                                                                                                                                                            | $ | 160.0 |  | $ | 151.6 |  | $ | 102.0 |  | $ | — |  | $ | 42.8 |  |   | $ | 129.9 |  | $ | 117.0 |  | $ | 36.5 |  |   | $ | 19.7 |  |   | $ | 759.5 |  | $ | 731.0 |  | 5.8 |  | 0.2 |  | 18.3 |  | 3.9 |  |
| IL                                                                                                                                                                                                                                                                                                                                            | 66.1 |  | 58.1 |  | 37.2 |  | 39.7 |  | 14.4 |  |   | 30.5 |  | 30.8 |  | 9.5 |  |   | 18.6 |  |   | 304.9 |  | 299.2 |  | 0.1 |  | 4.2 |  | 16.1 |  | 1.9 |  |
| GA                                                                                                                                                                                                                                                                                                                                            | 43.8 |  | 51.1 |  | 33.6 |  | 11.8 |  | 16.3 |  |   | 57.8 |  | 53.4 |  | 13.5 |  |   | 20.7 |  |   | 302.0 |  | 288.6 |  | 4.4 |  | 2.8 |  | 19.9 |  | 4.6 |  |
| PA                                                                                                                                                                                                                                                                                                                                            | 72.7 |  | 57.0 |  | 44.9 |  | 39.4 |  | 13.6 |  |   | 16.4 |  | 14.3 |  | 5.4 |  |   | 14.7 |  |   | 278.4 |  | 262.1 |  | 5.2 |  | 6.0 |  | 24.6 |  | 6.2 |  |
| NC                                                                                                                                                                                                                                                                                                                                            | 53.5 |  | 64.8 |  | 28.0 |  | 14.3 |  | 14.3 |  |   | 36.7 |  | 35.2 |  | 9.9 |  |   | 13.9 |  |   | 270.6 |  | 266.9 |  | 1.0 |  | (0.3 | ) | 18.8 |  | 1.4 |  |
| IN                                                                                                                                                                                                                                                                                                                                            | 54.3 |  | 54.8 |  | 34.7 |  | 22.0 |  | 14.9 |  |   | 29.2 |  | 33.1 |  | 7.5 |  |   | 14.2 |  |   | 264.7 |  | 269.0 |  | (1.2 | ) | (4.4 | ) | 9.6 |  | (1.6 | ) |
| MI                                                                                                                                                                                                                                                                                                                                            | 44.7 |  | 44.8 |  | 25.7 |  | 14.6 |  | 12.3 |  |   | 34.5 |  | 26.9 |  | 5.8 |  |   | 8.2 |  |   | 217.5 |  | 228.2 |  | 1.8 |  | (17.0 | ) | 6.4 |  | (4.7 | ) |
| TN                                                                                                                                                                                                                                                                                                                                            | 41.3 |  | 47.3 |  | 27.9 |  | 8.3 |  | 12.1 |  |   | 18.1 |  | 23.4 |  | 6.3 |  |   | 8.9 |  |   | 193.6 |  | 186.8 |  | 5.9 |  | (4.6 | ) | 19.1 |  | 3.6 |  |
| NY                                                                                                                                                                                                                                                                                                                                            | 51.7 |  | 24.4 |  | 17.5 |  | 6.7 |  | 7.4 |  |   | 21.7 |  | 36.2 |  | 12.4 |  |   | 14.8 |  |   | 192.8 |  | 146.5 |  | 25.6 |  | 34.8 |  | 73.2 |  | 31.7 |  |
| AL                                                                                                                                                                                                                                                                                                                                            | 27.7 |  | 38.6 |  | 19.2 |  | 1.0 |  | 9.2 |  |   | 27.3 |  | 36.4 |  | 7.2 |  |   | 11.5 |  |   | 178.1 |  | 170.8 |  | 7.5 |  | (1.8 | ) | 20.2 |  | 4.3 |  |
| KY                                                                                                                                                                                                                                                                                                                                            | 29.0 |  | 39.1 |  | 25.0 |  | 3.7 |  | 9.2 |  |   | 26.5 |  | 27.6 |  | 6.4 |  |   | 7.0 |  |   | 173.5 |  | 172.1 |  | 5.3 |  | (7.4 | ) | 12.9 |  | 0.8 |  |
| VA                                                                                                                                                                                                                                                                                                                                            | 36.9 |  | 36.6 |  | 28.9 |  | 16.7 |  | 13.3 |  |   | 14.9 |  | 13.7 |  | 4.7 |  |   | 6.2 |  |   | 171.9 |  | 163.4 |  | 5.0 |  | 4.6 |  | 14.1 |  | 5.2 |  |
| TX                                                                                                                                                                                                                                                                                                                                            | 49.5 |  | 24.3 |  | 32.3 |  | 2.4 |  | 7.0 |  |   | 10.5 |  | 15.1 |  | 5.1 |  |   | 25.1 |  |   | 171.3 |  | 153.4 |  | (0.1 | ) | 89.1 |  | 17.1 |  | 11.7 |  |
| MO                                                                                                                                                                                                                                                                                                                                            | 35.2 |  | 38.7 |  | 22.4 |  | 10.9 |  | 6.4 |  |   | 13.6 |  | 17.3 |  | 3.8 |  |   | 11.5 |  |   | 159.8 |  | 150.6 |  | 4.2 |  | 10.6 |  | 13.0 |  | 6.1 |  |
| MN                                                                                                                                                                                                                                                                                                                                            | 29.3 |  | 31.3 |  | 11.3 |  | 9.5 |  | 6.1 |  |   | 18.5 |  | 21.1 |  | 5.7 |  |   | 9.8 |  |   | 142.6 |  | 133.3 |  | 12.6 |  | (4.8 | ) | 20.2 |  | 6.9 |  |
| WI                                                                                                                                                                                                                                                                                                                                            | 28.4 |  | 28.5 |  | 15.3 |  | 23.1 |  | 6.8 |  |   | 10.5 |  | 10.9 |  | 4.3 |  |   | 8.3 |  |   | 136.1 |  | 131.2 |  | 1.5 |  | 7.1 |  | 27.0 |  | 3.8 |  |
| FL                                                                                                                                                                                                                                                                                                                                            | 34.7 |  | 15.1 |  | 22.8 |  | 2.0 |  | 7.2 |  |   | 6.9 |  | 6.2 |  | 2.0 |  |   | 21.6 |  |   | 118.5 |  | 99.7 |  | 11.9 |  | 38.9 |  | 37.5 |  | 18.9 |  |
| MD                                                                                                                                                                                                                                                                                                                                            | 20.4 |  | 15.5 |  | 17.3 |  | 8.2 |  | 5.5 |  |   | 17.7 |  | 13.4 |  | 3.8 |  |   | 4.6 |  |   | 106.4 |  | 101.9 |  | 1.5 |  | 7.3 |  | 29.1 |  | 4.3 |  |
| AZ                                                                                                                                                                                                                                                                                                                                            | 23.9 |  | 16.1 |  | 18.3 |  | 6.1 |  | 3.3 |  |   | 8.5 |  | 7.4 |  | 3.0 |  |   | 5.8 |  |   | 92.4 |  | 79.9 |  | 15.9 |  | 6.3 |  | 55.8 |  | 15.6 |  |
| AR                                                                                                                                                                                                                                                                                                                                            | 11.7 |  | 21.4 |  | 13.1 |  | 2.2 |  | 3.9 |  |   | 8.8 |  | 10.9 |  | 2.9 |  |   | 4.5 |  |   | 79.4 |  | 80.9 |  | 2.4 |  | (12.3 | ) | 11.1 |  | (1.8 | ) |
| IA                                                                                                                                                                                                                                                                                                                                            | 17.0 |  | 21.4 |  | 8.7 |  | 11.6 |  | 5.4 |  |   | 4.9 |  | 5.9 |  | 1.5 |  |   | 2.5 |  |   | 78.9 |  | 80.2 |  | (2.3 | ) | (0.9 | ) | 18.0 |  | (1.5 | ) |
| SC                                                                                                                                                                                                                                                                                                                                            | 13.5 |  | 14.4 |  | 10.6 |  | 2.7 |  | 3.4 |  |   | 12.2 |  | 10.8 |  | 2.0 |  |   | 5.8 |  |   | 75.4 |  | 78.9 |  | (5.9 | ) | (5.6 | ) | 16.4 |  | (4.4 | ) |
| UT                                                                                                                                                                                                                                                                                                                                            | 19.2 |  | 13.5 |  | 13.3 |  | 1.4 |  | 3.4 |  |   | 9.5 |  | 6.2 |  | 1.5 |  |   | 6.1 |  |   | 74.1 |  | 68.0 |  | 10.2 |  | 4.7 |  | 12.6 |  | 9.1 |  |
| OR                                                                                                                                                                                                                                                                                                                                            | 22.2 |  | 12.1 |  | 16.2 |  | 0.4 |  | 3.3 |  |   | 6.1 |  | 3.2 |  | 0.9 |  |   | 6.0 |  |   | 70.4 |  | 62.0 |  | 15.7 |  | 1.2 |  | 18.4 |  | 13.5 |  |
| CO                                                                                                                                                                                                                                                                                                                                            | 17.4 |  | 9.2 |  | 14.3 |  | 1.0 |  | 2.6 |  |   | 1.7 |  | 3.9 |  | 0.6 |  |   | 11.7 |  |   | 62.4 |  | 60.0 |  | (3.5 | ) | 41.6 |  | 22.4 |  | 3.9 |  |
| CA                                                                                                                                                                                                                                                                                                                                            | 1.1 |  | 0.7 |  | 1.3 |  | 3.1 |  | 0.4 |  |   | 11.6 |  | 33.6 |  | 9.0 |  |   | 1.6 |  |   | 62.4 |  | 40.2 |  | 67.2 |  | 55.2 |  | 23.7 |  | 55.3 |  |
| MT                                                                                                                                                                                                                                                                                                                                            | 22.4 |  | 14.5 |  | 12.8 |  | 0.2 |  | 3.1 |  |   | 2.8 |  | 3.4 |  | 0.8 |  |   | 2.1 |  |   | 62.1 |  | 56.2 |  | 11.1 |  | 2.4 |  | 27.9 |  | 10.6 |  |
| CT                                                                                                                                                                                                                                                                                                                                            | 7.9 |  | 6.6 |  | 3.2 |  | 3.2 |  | 1.2 |  |   | 15.2 |  | 14.8 |  | 4.9 |  |   | 2.8 |  |   | 59.8 |  | 49.5 |  | 18.4 |  | 21.4 |  | 37.5 |  | 20.9 |  |
| KS                                                                                                                                                                                                                                                                                                                                            | 11.6 |  | 16.0 |  | 8.0 |  | 4.2 |  | 3.7 |  |   | 4.4 |  | 7.2 |  | 1.3 |  |   | 2.7 |  |   | 59.1 |  | 57.4 |  | 3.9 |  | (0.7 | ) | 10.7 |  | 3.2 |  |
| ID                                                                                                                                                                                                                                                                                                                                            | 16.3 |  | 11.5 |  | 10.7 |  | 2.0 |  | 2.5 |  |   | 3.4 |  | 2.9 |  | 0.8 |  |   | 3.3 |  |   | 53.4 |  | 48.8 |  | 10.7 |  | (5.7 | ) | 30.8 |  | 9.3 |  |
| WA                                                                                                                                                                                                                                                                                                                                            | 13.7 |  | 10.0 |  | 10.8 |  | — |  | 3.2 |  |   | 2.2 |  | 2.0 |  | 0.9 |  |   | 2.6 |  |   | 45.4 |  | 34.6 |  | 24.3 |  | 186.3 |  | 8.1 |  | 31.4 |  |
| NE                                                                                                                                                                                                                                                                                                                                            | 9.6 |  | 12.3 |  | 6.3 |  | 5.0 |  | 2.6 |  |   | 0.8 |  | 1.3 |  | 0.3 |  |   | 2.9 |  |   | 41.1 |  | 41.9 |  | (3.6 | ) | (1.3 | ) | 17.6 |  | (2.2 | ) |
| WV                                                                                                                                                                                                                                                                                                                                            | 9.1 |  | 9.9 |  | 8.5 |  | 1.2 |  | 1.3 |  |   | — |  | 0.4 |  | 0.1 |  |   | 3.6 |  |   | 34.1 |  | 33.1 |  | 1.4 |  | 0.5 |  | 13.5 |  | 2.6 |  |
| NM                                                                                                                                                                                                                                                                                                                                            | 10.8 |  | 7.1 |  | 7.6 |  | 0.9 |  | 2.3 |  |   | — |  | — |  | — |  |   | 2.8 |  |   | 31.5 |  | 29.3 |  | 5.7 |  | nm |  | 28.1 |  | 7.4 |  |
| VT                                                                                                                                                                                                                                                                                                                                            | 5.4 |  | 6.9 |  | 3.5 |  | 4.7 |  | 1.9 |  |   | 1.7 |  | 2.3 |  | 0.5 |  |   | 1.5 |  |   | 28.4 |  | 29.5 |  | (3.8 | ) | 7.4 |  | (22.7 | ) | (3.5 | ) |
| NJ                                                                                                                                                                                                                                                                                                                                            | 2.2 |  | 1.4 |  | 1.6 |  | 1.7 |  | 0.9 |  |   | 3.2 |  | 4.6 |  | 2.2 |  |   | 2.6 |  |   | 20.4 |  | 12.2 |  | 65.0 |  | 58.4 |  | 125.5 |  | 67.3 |  |
| DE                                                                                                                                                                                                                                                                                                                                            | 6.3 |  | 4.6 |  | 3.7 |  | 3.1 |  | 1.2 |  |   | 0.1 |  | 0.2 |  | — |  |   | 1.0 |  |   | 20.2 |  | 19.9 |  | (0.8 | ) | nm |  | 20.3 |  | 1.6 |  |
| NH                                                                                                                                                                                                                                                                                                                                            | 4.3 |  | 3.6 |  | 2.5 |  | 2.2 |  | 1.1 |  |   | 1.9 |  | 2.4 |  | 0.6 |  |   | 1.2 |  |   | 19.8 |  | 19.3 |  | (1.2 | ) | 9.2 |  | 24.0 |  | 2.5 |  |
| ND                                                                                                                                                                                                                                                                                                                                            | 5.3 |  | 4.9 |  | 3.1 |  | — |  | 1.2 |  |   | 0.9 |  | 1.0 |  | 0.3 |  |   | 0.8 |  |   | 17.5 |  | 16.6 |  | 5.3 |  | 7.5 |  | (6.6 | ) | 5.0 |  |
| SD                                                                                                                                                                                                                                                                                                                                            | 3.9 |  | 4.6 |  | 2.3 |  | 2.1 |  | 1.3 |  |   | — |  | — |  | — |  |   | 1.0 |  |   | 15.2 |  | 13.5 |  | 11.2 |  | (28.4 | ) | 36.0 |  | 12.5 |  |
| MA                                                                                                                                                                                                                                                                                                                                            | 1.6 |  | 1.0 |  | 0.8 |  | 0.6 |  | 0.2 |  |   | 1.8 |  | 4.5 |  | 1.2 |  |   | 0.8 |  |   | 12.5 |  | 4.7 |  | 193.9 |  | 163.3 |  | 102.0 |  | 167.6 |  |
| WY                                                                                                                                                                                                                                                                                                                                            | 3.2 |  | 3.0 |  | 2.5 |  | — |  | 0.7 |  |   | — |  | — |  | — |  |   | 1.1 |  |   | 10.5 |  | 9.9 |  | 7.9 |  | (47.4 | ) | 1.0 |  | 7.1 |  |
| DC                                                                                                                                                                                                                                                                                                                                            | 1.0 |  | 2.1 |  | 0.1 |  | 0.7 |  | 1.3 |  |   | 0.3 |  | 0.3 |  | 0.1 |  |   | 0.8 |  |   | 6.7 |  | 4.5 |  | 42.8 |  | 118.0 |  | 42.5 |  | 48.5 |  |
| All Other States                                                                                                                                                                                                                                                                                                                              | 2.5 |  | 1.8 |  | 2.8 |  | 2.0 |  | 1.5 |  |   | 0.1 |  | 0.3 |  | — |  |   | 2.3 |  |   | 13.3 |  | 12.1 |  | 3.5 |  | nm |  | 28.2 |  | 10.0 |  |
|  Total                                                                                                                                                                                                                                                                                                                                   | $ | 1,142.3 |  | $ | 1,052.2 |  | $ | 732.6 |  | $ | 296.6 |  | $ | 275.7 |  |   | $ | 623.3 |  | $ | 661.5 |  | $ | 185.2 |  |   | $ | 319.2 |  |   | $ | 5,288.6 |  | $ | 4,997.8 |  | 5.1 |  | 4.6 |  | 21.7 |  | 9.2 |  |
| *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*Total excludes our London-based global specialty underwriter known as Cincinnati Global and other direct, such as assigned risk pools. |

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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 |
|                                                                                                                                                                                                                                         | 12/31/19 | 9/30/19 | 6/30/19 | 3/31/19 | 12/31/18 | 9/30/18 | 6/30/18 | 3/31/18 | 6/30/19 | 6/30/18 | 9/30/19 | 9/30/18 | 12/31/19 | 12/31/18 |
| Commercial casualty:                                                                                                                                                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Written premiums                                                                                                                                                                                                                             | $ | 269 |  | $ | 263 |  | $ | 296 |  | $ | 303 |  | $ | 251 |  | $ | 251 |  | $ | 291 |  | $ | 287 |  | $ | 599 |  | $ | 578 |  | $ | 862 |  | $ | 829 |  | $ | 1,131 |  | $ | 1,080 |  |
| Year over year change %-written premium                                                                                                                                                                                                      | 7 |  % | 5 |  % | 2 |  % | 6 |  % | 1 |  % | (2 | )% | 4 |  % | (3 | )% | 4 |  % | — |  % | 4 |  % | (1 | )% | 5 |  % | — |  % |
| Earned premiums                                                                                                                                                                                                                              | $ | 280 |  | $ | 277 |  | $ | 277 |  | $ | 268 |  | $ | 270 |  | $ | 268 |  | $ | 272 |  | $ | 265 |  | $ | 545 |  | $ | 537 |  | $ | 822 |  | $ | 805 |  | $ | 1,102 |  | $ | 1,075 |  |
| Current accident year before catastrophe losses                                                                                                                                                                                              | 67.5 |  % | 66.1 |  % | 67.4 |  % | 66.7 |  % | 66.8 |  % | 64.5 |  % | 66.8 |  % | 67.9 |  % | 67.0 |  % | 67.3 |  % | 66.7 |  % | 66.4 |  % | 66.9 |  % | 66.5 |  % |
| Current accident year catastrophe losses                                                                                                                                                                                                     | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  |
| Prior accident years before catastrophe losses                                                                                                                                                                                               | (4.8 | ) | (2.9 | ) | (9.3 | ) | (11.5 | ) | (6.1 | ) | (8.0 | ) | (5.2 | ) | 1.7 |  | (10.3 | ) | (1.8 | ) | (7.8 | ) | (3.9 | ) | (7.1 | ) | (4.4 | ) |
| Prior accident years catastrophe losses                                                                                                                                                                                                      | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  |
|    Total loss and loss expense ratio                                                                                                                                                                                          | 62.7 |  % | 63.2 |  % | 58.1 |  % | 55.2 |  % | 60.7 |  % | 56.5 |  % | 61.6 |  % | 69.6 |  % | 56.7 |  % | 65.5 |  % | 58.9 |  % | 62.5 |  % | 59.8 |  % | 62.1 |  % |
| Commercial property:                                                                                                                                                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Written premiums                                                                                                                                                                                                                             | $ | 246 |  | $ | 245 |  | $ | 247 |  | $ | 247 |  | $ | 223 |  | $ | 232 |  | $ | 240 |  | $ | 237 |  | $ | 494 |  | $ | 477 |  | $ | 739 |  | $ | 709 |  | $ | 985 |  | $ | 932 |  |
| Year over year change %-written premium                                                                                                                                                                                                      | 10 |  % | 6 |  % | 3 |  % | 4 |  % | 3 |  % | 1 |  % | 3 |  % | (1 | )% | 3 |  % | 1 |  % | 4 |  % | 1 |  % | 6 |  % | 1 |  % |
| Earned premiums                                                                                                                                                                                                                              | $ | 249 |  | $ | 241 |  | $ | 234 |  | $ | 234 |  | $ | 232 |  | $ | 229 |  | $ | 231 |  | $ | 228 |  | $ | 468 |  | $ | 459 |  | $ | 709 |  | $ | 688 |  | $ | 958 |  | $ | 920 |  |
| Current accident year before catastrophe losses                                                                                                                                                                                              | 50.3 |  % | 49.4 |  % | 49.0 |  % | 51.5 |  % | 52.7 |  % | 40.7 |  % | 45.8 |  % | 58.6 |  % | 50.3 |  % | 52.2 |  % | 50.0 |  % | 48.3 |  % | 50.1 |  % | 49.4 |  % |
| Current accident year catastrophe losses                                                                                                                                                                                                     | 0.2 |  | 15.0 |  | 43.5 |  | 13.8 |  | 16.8 |  | 36.1 |  | 22.1 |  | 12.8 |  | 28.6 |  | 17.4 |  | 24.0 |  | 23.7 |  | 17.8 |  | 22.0 |  |
| Prior accident years before catastrophe losses                                                                                                                                                                                               | (1.3 | ) | (1.1 | ) | 0.8 |  | 1.9 |  | (2.0 | ) | (1.0 | ) | (1.9 | ) | (6.4 | ) | 1.3 |  | (4.1 | ) | 0.5 |  | (3.1 | ) | 0.1 |  | (2.8 | ) |
| Prior accident years catastrophe losses                                                                                                                                                                                                      | (2.6 | ) | (1.9 | ) | (3.6 | ) | (2.6 | ) | (2.5 | ) | (2.9 | ) | (1.2 | ) | (2.6 | ) | (3.0 | ) | (1.9 | ) | (2.7 | ) | (2.2 | ) | (2.7 | ) | (2.3 | ) |
|    Total loss and loss expense ratio                                                                                                                                                                                          | 46.6 |  % | 61.4 |  % | 89.7 |  % | 64.6 |  % | 65.0 |  % | 72.9 |  % | 64.8 |  % | 62.4 |  % | 77.2 |  % | 63.6 |  % | 71.8 |  % | 66.7 |  % | 65.3 |  % | 66.3 |  % |
| Commercial auto:                                                                                                                                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Written premiums                                                                                                                                                                                                                             | $ | 175 |  | $ | 176 |  | $ | 196 |  | $ | 188 |  | $ | 163 |  | $ | 160 |  | $ | 182 |  | $ | 177 |  | $ | 384 |  | $ | 359 |  | $ | 560 |  | $ | 519 |  | $ | 735 |  | $ | 682 |  |
| Year over year change %-written premium                                                                                                                                                                                                      | 7 |  % | 10 |  % | 8 |  % | 6 |  % | 7 |  % | 2 |  % | 9 |  % | 2 |  % | 7 |  % | 5 |  % | 8 |  % | 4 |  % | 8 |  % | 5 |  % |
| Earned premiums                                                                                                                                                                                                                              | $ | 183 |  | $ | 179 |  | $ | 175 |  | $ | 170 |  | $ | 169 |  | $ | 168 |  | $ | 166 |  | $ | 161 |  | $ | 345 |  | $ | 327 |  | $ | 524 |  | $ | 495 |  | $ | 707 |  | $ | 664 |  |
| Current accident year before catastrophe losses                                                                                                                                                                                              | 68.1 |  % | 67.8 |  % | 70.5 |  % | 74.5 |  % | 71.3 |  % | 73.5 |  % | 75.8 |  % | 80.6 |  % | 72.5 |  % | 78.2 |  % | 70.9 |  % | 76.6 |  % | 70.2 |  % | 75.3 |  % |
| Current accident year catastrophe losses                                                                                                                                                                                                     | (0.3 | ) | 1.5 |  | 1.4 |  | 0.3 |  | 0.1 |  | 0.1 |  | 2.1 |  | 0.2 |  | 0.9 |  | 1.1 |  | 1.1 |  | 0.8 |  | 0.7 |  | 0.6 |  |
| Prior accident years before catastrophe losses                                                                                                                                                                                               | 0.7 |  | 1.7 |  | 1.0 |  | (6.7 | ) | 4.4 |  | 1.8 |  | 3.3 |  | (0.8 | ) | (2.9 | ) | 1.3 |  | (1.3 | ) | 1.5 |  | (0.8 | ) | 2.2 |  |
| Prior accident years catastrophe losses                                                                                                                                                                                                      | — |  | (0.1 | ) | — |  | — |  | — |  | — |  | (0.1 | ) | (0.2 | ) | — |  | (0.1 | ) | (0.1 | ) | (0.1 | ) | — |  | (0.1 | ) |
|    Total loss and loss expense ratio                                                                                                                                                                                          | 68.5 |  % | 70.9 |  % | 72.9 |  % | 68.1 |  % | 75.8 |  % | 75.4 |  % | 81.1 |  % | 79.8 |  % | 70.5 |  % | 80.5 |  % | 70.6 |  % | 78.8 |  % | 70.1 |  % | 78.0 |  % |
| Workers' compensation:                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Written premiums                                                                                                                                                                                                                             | $ | 63 |  | $ | 62 |  | $ | 75 |  | $ | 94 |  | $ | 67 |  | $ | 66 |  | $ | 83 |  | $ | 95 |  | $ | 169 |  | $ | 178 |  | $ | 231 |  | $ | 244 |  | $ | 294 |  | $ | 311 |  |
| Year over year change %-written premium                                                                                                                                                                                                      | (6 | )% | (6 | )% | (10 | )% | (1 | )% | (8 | )% | (12 | )% | 5 |  % | (4 | )% | (5 | )% | — |  % | (5 | )% | (4 | )% | (5 | )% | (5 | )% |
| Earned premiums                                                                                                                                                                                                                              | $ | 76 |  | $ | 73 |  | $ | 74 |  | $ | 77 |  | $ | 79 |  | $ | 80 |  | $ | 85 |  | $ | 80 |  | $ | 151 |  | $ | 165 |  | $ | 224 |  | $ | 245 |  | $ | 300 |  | $ | 324 |  |
| Current accident year before catastrophe losses                                                                                                                                                                                              | 85.4 |  % | 81.1 |  % | 78.0 |  % | 78.8 |  % | 78.8 |  % | 74.6 |  % | 73.0 |  % | 73.1 |  % | 78.4 |  % | 73.1 |  % | 79.3 |  % | 73.6 |  % | 80.8 |  % | 74.9 |  % |
| Current accident year catastrophe losses                                                                                                                                                                                                     | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  |
| Prior accident years before catastrophe losses                                                                                                                                                                                               | (20.1 | ) | (27.0 | ) | (35.9 | ) | (20.1 | ) | (23.7 | ) | (10.8 | ) | (20.7 | ) | (16.1 | ) | (27.9 | ) | (18.5 | ) | (27.7 | ) | (16.0 | ) | (25.7 | ) | (17.9 | ) |
| Prior accident years catastrophe losses                                                                                                                                                                                                      | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  |
|    Total loss and loss expense ratio                                                                                                                                                                                          | 65.3 |  % | 54.1 |  % | 42.1 |  % | 58.7 |  % | 55.1 |  % | 63.8 |  % | 52.3 |  % | 57.0 |  % | 50.5 |  % | 54.6 |  % | 51.6 |  % | 57.6 |  % | 55.1 |  % | 57.0 |  % |
| Other commercial:                                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Written premiums                                                                                                                                                                                                                             | $ | 66 |  | $ | 70 |  | $ | 65 |  | $ | 64 |  | $ | 57 |  | $ | 65 |  | $ | 60 |  | $ | 58 |  | $ | 129 |  | $ | 118 |  | $ | 199 |  | $ | 183 |  | $ | 265 |  | $ | 240 |  |
| Year over year change %-written premium                                                                                                                                                                                                      | 16 |  % | 8 |  % | 10 |  % | 10 |  % | 4 |  % | 10 |  % | 11 |  % | 4 |  % | 10 |  % | 7 |  % | 9 |  % | 8 |  % | 10 |  % | 7 |  % |
| Earned premiums                                                                                                                                                                                                                              | $ | 64 |  | $ | 64 |  | $ | 63 |  | $ | 61 |  | $ | 61 |  | $ | 60 |  | $ | 58 |  | $ | 56 |  | $ | 124 |  | $ | 114 |  | $ | 188 |  | $ | 174 |  | $ | 252 |  | $ | 235 |  |
| Current accident year before catastrophe losses                                                                                                                                                                                              | 38.2 |  % | 34.3 |  % | 33.7 |  % | 38.0 |  % | 38.5 |  % | 33.2 |  % | 38.2 |  % | 37.8 |  % | 35.8 |  % | 38.0 |  % | 35.4 |  % | 36.3 |  % | 36.0 |  % | 37.0 |  % |
| Current accident year catastrophe losses                                                                                                                                                                                                     | 0.1 |  | (0.2 | ) | 0.3 |  | 0.4 |  | 0.2 |  | 0.3 |  | 1.7 |  | 0.3 |  | 0.3 |  | 1.0 |  | 0.1 |  | 0.8 |  | 0.1 |  | 0.6 |  |
| Prior accident years before catastrophe losses                                                                                                                                                                                               | (3.3 | ) | (2.1 | ) | (1.9 | ) | (4.1 | ) | (9.1 | ) | (2.7 | ) | (14.8 | ) | (6.8 | ) | (3.0 | ) | (10.9 | ) | (2.7 | ) | (8.1 | ) | (2.8 | ) | (8.4 | ) |
| Prior accident years catastrophe losses                                                                                                                                                                                                      | (0.3 | ) | 0.8 |  | — |  | 0.2 |  | 1.0 |  | (0.1 | ) | 0.3 |  | (0.3 | ) | 0.1 |  | — |  | 0.3 |  | — |  | 0.2 |  | 0.2 |  |
|    Total loss and loss expense ratio                                                                                                                                                                                          | 34.7 |  % | 32.8 |  % | 32.1 |  % | 34.5 |  % | 30.6 |  % | 30.7 |  % | 25.4 |  % | 31.0 |  % | 33.2 |  % | 28.1 |  % | 33.1 |  % | 29.0 |  % | 33.5 |  % | 29.4 |  % |
| *Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts. The sum of quarterly amounts may not equal the full year as each is computed independently. |

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|                                                                                                                                                                                                                                              |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Quarterly Property Casualty Data - Personal Lines                                                                                                                                                                                            |
|                                                                                                                                                                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (Dollars in millions)                                                                                                                                                                                                                        | Three months ended | Six months ended | Nine months ended | Twelve months ended |
|                                                                                                                                                                                                                                         | 12/31/19 | 9/30/19 | 6/30/19 | 3/31/19 | 12/31/18 | 9/30/18 | 6/30/18 | 3/31/18 | 6/30/19 | 6/30/18 | 9/30/19 | 9/30/18 | 12/31/19 | 12/31/18 |
| Personal auto:                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Written premiums                                                                                                                                                                                                                             | $ | 141 |  | $ | 166 |  | $ | 173 |  | $ | 140 |  | $ | 141 |  | $ | 169 |  | $ | 172 |  | $ | 140 |  | $ | 313 |  | $ | 312 |  | $ | 479 |  | $ | 481 |  | $ | 620 |  | $ | 622 |  |
| Year over year change %-written premium                                                                                                                                                                                                      | — |  % | (2 | )% | — |  % | — |  % | — |  % | 2 |  % | 4 |  % | 6 |  % | — |  % | 5 |  % | — |  % | 4 |  % | — |  % | 3 |  % |
| Earned premiums                                                                                                                                                                                                                              | $ | 155 |  | $ | 156 |  | $ | 155 |  | $ | 155 |  | $ | 155 |  | $ | 155 |  | $ | 153 |  | $ | 151 |  | $ | 310 |  | $ | 304 |  | $ | 466 |  | $ | 459 |  | $ | 621 |  | $ | 614 |  |
| Current accident year before catastrophe losses                                                                                                                                                                                              | 70.8 |  % | 70.2 |  % | 73.8 |  % | 76.2 |  % | 72.6 |  % | 77.9 |  % | 78.7 |  % | 81.2 |  % | 75.0 |  % | 80.0 |  % | 73.4 |  % | 79.2 |  % | 72.7 |  % | 77.6 |  % |
| Current accident year catastrophe losses                                                                                                                                                                                                     | 0.4 |  | 1.2 |  | 1.8 |  | 0.5 |  | 0.4 |  | 1.1 |  | 1.3 |  | 0.8 |  | 1.1 |  | 1.0 |  | 1.1 |  | 1.1 |  | 1.0 |  | 0.9 |  |
| Prior accident years before catastrophe losses                                                                                                                                                                                               | (1.7 | ) | (2.0 | ) | (9.4 | ) | (3.3 | ) | (0.6 | ) | (2.1 | ) | (1.5 | ) | (4.3 | ) | (6.3 | ) | (2.9 | ) | (4.9 | ) | (2.6 | ) | (4.1 | ) | (2.1 | ) |
| Prior accident years catastrophe losses                                                                                                                                                                                                      | — |  | (0.1 | ) | (0.2 | ) | — |  | — |  | — |  | (0.1 | ) | (0.1 | ) | (0.1 | ) | (0.1 | ) | (0.1 | ) | (0.1 | ) | (0.1 | ) | (0.1 | ) |
|    Total loss and loss expense ratio                                                                                                                                                                                          | 69.5 |  % | 69.3 |  % | 66.0 |  % | 73.4 |  % | 72.4 |  % | 76.9 |  % | 78.4 |  % | 77.6 |  % | 69.7 |  % | 78.0 |  % | 69.5 |  % | 77.6 |  % | 69.5 |  % | 76.3 |  % |
| Homeowner:                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Written premiums                                                                                                                                                                                                                             | $ | 152 |  | $ | 173 |  | $ | 176 |  | $ | 130 |  | $ | 141 |  | $ | 162 |  | $ | 164 |  | $ | 121 |  | $ | 306 |  | $ | 285 |  | $ | 479 |  | $ | 447 |  | $ | 631 |  | $ | 588 |  |
| Year over year change %-written premium                                                                                                                                                                                                      | 8 |  % | 7 |  % | 8 |  % | 7 |  % | 7 |  % | 8 |  % | 9 |  % | 10 |  % | 8 |  % | 10 |  % | 7 |  % | 9 |  % | 7 |  % | 8 |  % |
| Earned premiums                                                                                                                                                                                                                              | $ | 157 |  | $ | 154 |  | $ | 149 |  | $ | 147 |  | $ | 146 |  | $ | 142 |  | $ | 139 |  | $ | 136 |  | $ | 296 |  | $ | 275 |  | $ | 450 |  | $ | 417 |  | $ | 607 |  | $ | 563 |  |
| Current accident year before catastrophe losses                                                                                                                                                                                              | 55.7 |  % | 60.9 |  % | 53.1 |  % | 51.9 |  % | 42.6 |  % | 49.8 |  % | 57.7 |  % | 55.8 |  % | 52.5 |  % | 56.7 |  % | 55.3 |  % | 54.4 |  % | 55.5 |  % | 51.3 |  % |
| Current accident year catastrophe losses                                                                                                                                                                                                     | 21.7 |  | 14.0 |  | 22.6 |  | 23.2 |  | 17.0 |  | 19.2 |  | 20.6 |  | 19.6 |  | 22.9 |  | 20.1 |  | 19.9 |  | 19.8 |  | 20.3 |  | 19.1 |  |
| Prior accident years before catastrophe losses                                                                                                                                                                                               | (2.2 | ) | 1.0 |  | 4.5 |  | 2.0 |  | — |  | 3.6 |  | 8.1 |  | 2.4 |  | 3.3 |  | 5.3 |  | 2.5 |  | 4.7 |  | 1.3 |  | 3.5 |  |
| Prior accident years catastrophe losses                                                                                                                                                                                                      | (0.5 | ) | (0.8 | ) | (2.2 | ) | 5.7 |  | 0.5 |  | 1.0 |  | 1.6 |  | 0.1 |  | 1.7 |  | 0.9 |  | 0.9 |  | 0.9 |  | 0.5 |  | 0.8 |  |
|    Total loss and loss expense ratio                                                                                                                                                                                          | 74.7 |  % | 75.1 |  % | 78.0 |  % | 82.8 |  % | 60.1 |  % | 73.6 |  % | 88.0 |  % | 77.9 |  % | 80.4 |  % | 83.0 |  % | 78.6 |  % | 79.8 |  % | 77.6 |  % | 74.7 |  % |
| Other personal:                                                                                                                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Written premiums                                                                                                                                                                                                                             | $ | 43 |  | $ | 49 |  | $ | 53 |  | $ | 39 |  | $ | 41 |  | $ | 46 |  | $ | 45 |  | $ | 36 |  | $ | 92 |  | $ | 81 |  | $ | 141 |  | $ | 127 |  | $ | 184 |  | $ | 168 |  |
| Year over year change %-written premium                                                                                                                                                                                                      | 5 |  % | 7 |  % | 15 |  % | 10 |  % | 14 |  % | 15 |  % | 7 |  % | 16 |  % | 13 |  % | 11 |  % | 11 |  % | 12 |  % | 10 |  % | 13 |  % |
| Earned premiums                                                                                                                                                                                                                              | $ | 46 |  | $ | 44 |  | $ | 44 |  | $ | 42 |  | $ | 41 |  | $ | 41 |  | $ | 39 |  | $ | 38 |  | $ | 86 |  | $ | 77 |  | $ | 130 |  | $ | 118 |  | $ | 176 |  | $ | 159 |  |
| Current accident year before catastrophe losses                                                                                                                                                                                              | 60.9 |  % | 51.4 |  % | 51.5 |  % | 33.6 |  % | 42.7 |  % | 60.6 |  % | 50.1 |  % | 28.9 |  % | 42.7 |  % | 39.6 |  % | 45.7 |  % | 46.9 |  % | 49.6 |  % | 45.8 |  % |
| Current accident year catastrophe losses                                                                                                                                                                                                     | 2.9 |  | 4.3 |  | 4.7 |  | 5.6 |  | 4.7 |  | 9.7 |  | 3.0 |  | 4.0 |  | 5.1 |  | 3.6 |  | 4.8 |  | 5.7 |  | 4.3 |  | 5.4 |  |
| Prior accident years before catastrophe losses                                                                                                                                                                                               | (5.9 | ) | (6.4 | ) | (7.7 | ) | (6.1 | ) | (6.9 | ) | (8.7 | ) | 13.9 |  | 7.2 |  | (6.9 | ) | 10.6 |  | (6.7 | ) | 3.9 |  | (6.5 | ) | 1.1 |  |
| Prior accident years catastrophe losses                                                                                                                                                                                                      | (0.5 | ) | (0.7 | ) | 0.4 |  | 0.1 |  | 0.1 |  | 0.1 |  | 0.2 |  | (0.5 | ) | 0.2 |  | (0.2 | ) | (0.1 | ) | (0.1 | ) | (0.2 | ) | — |  |
|    Total loss and loss expense ratio                                                                                                                                                                                          | 57.4 |  % | 48.6 |  % | 48.9 |  % | 33.2 |  % | 40.6 |  % | 61.7 |  % | 67.2 |  % | 39.6 |  % | 41.1 |  % | 53.6 |  % | 43.7 |  % | 56.4 |  % | 47.2 |  % | 52.3 |  % |
|                                                                                                                                                                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Quarterly Property Casualty Data - Excess & Surplus Lines                                                                                                                                                                                |
|                                                                                                                                                                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (Dollars in millions)                                                                                                                                                                                                                        | Three months ended | Six months ended | Nine months ended | Twelve months ended |
|                                                                                                                                                                                                                                         | 12/31/19 | 9/30/19 | 6/30/19 | 3/31/19 | 12/31/18 | 9/30/18 | 6/30/18 | 3/31/18 | 6/30/19 | 6/30/18 | 9/30/19 | 9/30/18 | 12/31/19 | 12/31/18 |
| Excess & Surplus:                                                                                                                                                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Written premiums                                                                                                                                                                                                                             | $ | 80 |  | $ | 74 |  | $ | 78 |  | $ | 71 |  | $ | 65 |  | $ | 59 |  | $ | 64 |  | $ | 61 |  | $ | 149 |  | $ | 125 |  | $ | 223 |  | $ | 184 |  | $ | 303 |  | $ | 249 |  |
| Year over year change %-written premium                                                                                                                                                                                                      | 23 |  % | 25 |  % | 22 |  % | 16 |  % | 20 |  % | 16 |  % | 5 |  % | 15 |  % | 19 |  % | 10 |  % | 21 |  % | 12 |  % | 22 |  % | 14 |  % |
| Earned premiums                                                                                                                                                                                                                              | $ | 76 |  | $ | 72 |  | $ | 67 |  | $ | 63 |  | $ | 61 |  | $ | 60 |  | $ | 57 |  | $ | 56 |  | $ | 130 |  | $ | 113 |  | $ | 202 |  | $ | 173 |  | $ | 278 |  | $ | 234 |  |
| Current accident year before catastrophe losses                                                                                                                                                                                              | 54.3 |  % | 57.6 |  % | 50.8 |  % | 55.5 |  % | 50.9 |  % | 53.3 |  % | 56.9 |  % | 54.6 |  % | 53.1 |  % | 55.8 |  % | 54.7 |  % | 54.9 |  % | 54.6 |  % | 53.9 |  % |
| Current accident year catastrophe losses                                                                                                                                                                                                     | — |  | 0.6 |  | 0.7 |  | 0.3 |  | 0.8 |  | 0.9 |  | 1.0 |  | 1.8 |  | 0.5 |  | 1.4 |  | 0.5 |  | 1.2 |  | 0.4 |  | 1.1 |  |
| Prior accident years before catastrophe losses                                                                                                                                                                                               | (0.4 | ) | (6.0 | ) | (6.2 | ) | (4.2 | ) | (4.9 | ) | (11.3 | ) | (9.6 | ) | (17.2 | ) | (5.2 | ) | (13.3 | ) | (5.5 | ) | (12.6 | ) | (4.1 | ) | (10.6 | ) |
| Prior accident years catastrophe losses                                                                                                                                                                                                      | 0.5 |  | 0.5 |  | (0.2 | ) | (0.1 | ) | — |  | (0.3 | ) | 0.2 |  | 0.1 |  | (0.1 | ) | 0.1 |  | 0.1 |  | — |  | 0.2 |  | — |  |
|    Total loss and loss expense ratio                                                                                                                                                                                          | 54.4 |  % | 52.7 |  % | 45.1 |  % | 51.5 |  % | 46.8 |  % | 42.6 |  % | 48.5 |  % | 39.3 |  % | 48.3 |  % | 44.0 |  % | 49.8 |  % | 43.5 |  % | 51.1 |  % | 44.4 |  % |
| *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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|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                       |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Consolidated Property Casualty Loss and Loss Expense Analysis                                                                                                                         |
| (Dollars in millions)                                                                                                                                                                 |   |   |   |   |   |   |   | Change in |   | Change in |   | Change in |   | Total |   |   |   |   |   | Loss |   |   |
|                                                                                                                                                                                  | Paid |   | Paid loss |   | Total |   | case |   | IBNR |   | loss expense |   | change in |   | Case |   | IBNR |   | expense |   | Total |
|                                                                                                                                                                                  | losses |   | expense |   | paid |   | reserves |   | reserves |   | reserves |   | reserves |   | incurred |   | incurred |   | incurred |   | incurred |
| Gross loss and loss expense incurred for the twelve months ended December 31, 2019                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Commercial casualty                                                                                                                                                       |   | $ | 463 |  |   | $ | 183 |  |   | $ | 646 |  |   | $ | (43 | ) |   | $ | 34 |  |   | $ | 17 |  |   | $ | 8 |  |   | $ | 420 |  |   | $ | 34 |  |   | $ | 200 |  |   | $ | 654 |  |
|   Commercial property                                                                                                                                                       |   | 602 |  |   | 56 |  |   | 658 |  |   | 69 |  |   | 8 |  |   | 4 |  |   | 81 |  |   | 671 |  |   | 8 |  |   | 60 |  |   | 739 |  |
|   Commercial auto                                                                                                                                                           |   | 410 |  |   | 73 |  |   | 483 |  |   | 7 |  |   | 5 |  |   | 1 |  |   | 13 |  |   | 417 |  |   | 5 |  |   | 74 |  |   | 496 |  |
|   Workers' compensation                                                                                                                                                     |   | 154 |  |   | 32 |  |   | 186 |  |   | 19 |  |   | (26 | ) |   | 2 |  |   | (5 | ) |   | 173 |  |   | (26 | ) |   | 34 |  |   | 181 |  |
|   Other commercial                                                                                                                                                          |   | 66 |  |   | 14 |  |   | 80 |  |   | 9 |  |   | (1 | ) |   | (2 | ) |   | 6 |  |   | 75 |  |   | (1 | ) |   | 12 |  |   | 86 |  |
|     Total commercial lines                                                                                                                                        |   | 1,695 |  |   | 358 |  |   | 2,053 |  |   | 61 |  |   | 20 |  |   | 22 |  |   | 103 |  |   | 1,756 |  |   | 20 |  |   | 380 |  |   | 2,156 |  |
|                                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Personal auto                                                                                                                                                             |   | 373 |  |   | 70 |  |   | 443 |  |   | (8 | ) |   | (4 | ) |   | 5 |  |   | (7 | ) |   | 365 |  |   | (4 | ) |   | 75 |  |   | 436 |  |
|   Homeowners                                                                                                                                                                |   | 436 |  |   | 40 |  |   | 476 |  |   | (18 | ) |   | 22 |  |   | 1 |  |   | 5 |  |   | 418 |  |   | 22 |  |   | 41 |  |   | 481 |  |
|   Other personal                                                                                                                                                            |   | 70 |  |   | 6 |  |   | 76 |  |   | 4 |  |   | 5 |  |   | — |  |   | 9 |  |   | 74 |  |   | 5 |  |   | 6 |  |   | 85 |  |
|     Total personal lines                                                                                                                                          |   | 879 |  |   | 116 |  |   | 995 |  |   | (22 | ) |   | 23 |  |   | 6 |  |   | 7 |  |   | 857 |  |   | 23 |  |   | 122 |  |   | 1,002 |  |
|                                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Excess & surplus lines                                                                                                                                                |   | 66 |  |   | 33 |  |   | 99 |  |   | 31 |  |   | 6 |  |   | 16 |  |   | 53 |  |   | 97 |  |   | 6 |  |   | 49 |  |   | 152 |  |
| Other                                                                                                                                                                                 |   | 201 |  |   | 6 |  |   | 207 |  |   | (33 | ) |   | 35 |  |   | — |  |   | 2 |  |   | 168 |  |   | 35 |  |   | 6 |  |   | 209 |  |
|       Total property casualty                                                                                                                           |   | $ | 2,841 |  |   | $ | 513 |  |   | $ | 3,354 |  |   | $ | 37 |  |   | $ | 84 |  |   | $ | 44 |  |   | $ | 165 |  |   | $ | 2,878 |  |   | $ | 84 |  |   | $ | 557 |  |   | $ | 3,519 |  |
|                                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ceded loss and loss expense incurred for the twelve months ended December 31, 2019                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Commercial casualty                                                                                                                                                       |   | $ | 15 |  |   | $ | — |  |   | $ | 15 |  |   | $ | (20 | ) |   | $ | (1 | ) |   | $ | 1 |  |   | $ | (20 | ) |   | $ | (5 | ) |   | $ | (1 | ) |   | $ | 1 |  |   | $ | (5 | ) |
|   Commercial property                                                                                                                                                       |   | 3 |  |   | — |  |   | 3 |  |   | 106 |  |   | 5 |  |   | — |  |   | 111 |  |   | 109 |  |   | 5 |  |   | — |  |   | 114 |  |
|   Commercial auto                                                                                                                                                           |   | 1 |  |   | — |  |   | 1 |  |   | — |  |   | — |  |   | — |  |   | — |  |   | 1 |  |   | — |  |   | — |  |   | 1 |  |
|   Workers' compensation                                                                                                                                                     |   | 10 |  |   | — |  |   | 10 |  |   | 6 |  |   | (1 | ) |   | — |  |   | 5 |  |   | 16 |  |   | (1 | ) |   | — |  |   | 15 |  |
|   Other commercial                                                                                                                                                          |   | 1 |  |   | — |  |   | 1 |  |   | — |  |   | — |  |   | — |  |   | — |  |   | 1 |  |   | — |  |   | — |  |   | 1 |  |
|     Total commercial lines                                                                                                                                        |   | 30 |  |   | — |  |   | 30 |  |   | 92 |  |   | 3 |  |   | 1 |  |   | 96 |  |   | 122 |  |   | 3 |  |   | 1 |  |   | 126 |  |
|                                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Personal auto                                                                                                                                                             |   | 6 |  |   | — |  |   | 6 |  |   | (2 | ) |   | 1 |  |   | — |  |   | (1 | ) |   | 4 |  |   | 1 |  |   | — |  |   | 5 |  |
|   Homeowners                                                                                                                                                                |   | 22 |  |   | — |  |   | 22 |  |   | (11 | ) |   | — |  |   | — |  |   | (11 | ) |   | 11 |  |   | — |  |   | — |  |   | 11 |  |
|   Other personal                                                                                                                                                            |   | 1 |  |   | — |  |   | 1 |  |   | — |  |   | — |  |   | — |  |   | — |  |   | 1 |  |   | — |  |   | — |  |   | 1 |  |
|     Total personal lines                                                                                                                                          |   | 29 |  |   | — |  |   | 29 |  |   | (13 | ) |   | 1 |  |   | — |  |   | (12 | ) |   | 16 |  |   | 1 |  |   | — |  |   | 17 |  |
|                                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Excess & surplus lines                                                                                                                                                |   | 9 |  |   | — |  |   | 9 |  |   | — |  |   | 1 |  |   | — |  |   | 1 |  |   | 9 |  |   | 1 |  |   | — |  |   | 10 |  |
| Other                                                                                                                                                                                 |   | 25 |  |   | 1 |  |   | 26 |  |   | (3 | ) |   | (9 | ) |   | — |  |   | (12 | ) |   | 22 |  |   | (9 | ) |   | 1 |  |   | 14 |  |
|       Total property casualty                                                                                                                           |   | $ | 93 |  |   | $ | 1 |  |   | $ | 94 |  |   | $ | 76 |  |   | $ | (4 | ) |   | $ | 1 |  |   | $ | 73 |  |   | $ | 169 |  |   | $ | (4 | ) |   | $ | 2 |  |   | $ | 167 |  |
|                                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss and loss expense incurred for the twelve months ended December 31, 2019                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Commercial casualty                                                                                                                                                       |   | $ | 448 |  |   | $ | 183 |  |   | $ | 631 |  |   | $ | (23 | ) |   | $ | 35 |  |   | $ | 16 |  |   | $ | 28 |  |   | $ | 425 |  |   | $ | 35 |  |   | $ | 199 |  |   | $ | 659 |  |
|   Commercial property                                                                                                                                                       |   | 599 |  |   | 56 |  |   | 655 |  |   | (37 | ) |   | 3 |  |   | 4 |  |   | (30 | ) |   | 562 |  |   | 3 |  |   | 60 |  |   | 625 |  |
|   Commercial auto                                                                                                                                                           |   | 409 |  |   | 73 |  |   | 482 |  |   | 7 |  |   | 5 |  |   | 1 |  |   | 13 |  |   | 416 |  |   | 5 |  |   | 74 |  |   | 495 |  |
|   Workers' compensation                                                                                                                                                     |   | 144 |  |   | 32 |  |   | 176 |  |   | 13 |  |   | (25 | ) |   | 2 |  |   | (10 | ) |   | 157 |  |   | (25 | ) |   | 34 |  |   | 166 |  |
|   Other commercial                                                                                                                                                          |   | 65 |  |   | 14 |  |   | 79 |  |   | 9 |  |   | (1 | ) |   | (2 | ) |   | 6 |  |   | 74 |  |   | (1 | ) |   | 12 |  |   | 85 |  |
|     Total commercial lines                                                                                                                                        |   | 1,665 |  |   | 358 |  |   | 2,023 |  |   | (31 | ) |   | 17 |  |   | 21 |  |   | 7 |  |   | 1,634 |  |   | 17 |  |   | 379 |  |   | 2,030 |  |
|                                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Personal auto                                                                                                                                                             |   | 367 |  |   | 70 |  |   | 437 |  |   | (6 | ) |   | (5 | ) |   | 5 |  |   | (6 | ) |   | 361 |  |   | (5 | ) |   | 75 |  |   | 431 |  |
|   Homeowners                                                                                                                                                                |   | 414 |  |   | 40 |  |   | 454 |  |   | (7 | ) |   | 22 |  |   | 1 |  |   | 16 |  |   | 407 |  |   | 22 |  |   | 41 |  |   | 470 |  |
|   Other personal                                                                                                                                                            |   | 69 |  |   | 6 |  |   | 75 |  |   | 4 |  |   | 5 |  |   | — |  |   | 9 |  |   | 73 |  |   | 5 |  |   | 6 |  |   | 84 |  |
|     Total personal lines                                                                                                                                          |   | 850 |  |   | 116 |  |   | 966 |  |   | (9 | ) |   | 22 |  |   | 6 |  |   | 19 |  |   | 841 |  |   | 22 |  |   | 122 |  |   | 985 |  |
|                                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Excess & surplus lines                                                                                                                                                |   | 57 |  |   | 33 |  |   | 90 |  |   | 31 |  |   | 5 |  |   | 16 |  |   | 52 |  |   | 88 |  |   | 5 |  |   | 49 |  |   | 142 |  |
| Other                                                                                                                                                                                 |   | 176 |  |   | 5 |  |   | 181 |  |   | (30 | ) |   | 44 |  |   | — |  |   | 14 |  |   | 146 |  |   | 44 |  |   | 5 |  |   | 195 |  |
|       Total property casualty                                                                                                                           |   | $ | 2,748 |  |   | $ | 512 |  |   | $ | 3,260 |  |   | $ | (39 | ) |   | $ | 88 |  |   | $ | 43 |  |   | $ | 92 |  |   | $ | 2,709 |  |   | $ | 88 |  |   | $ | 555 |  |   | $ | 3,352 |  |
|                                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| *Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.                                                                                           |
| *Other data includes results from our Cincinnati Re operations and our London-based global specialty underwriter known as Cincinnati Global, which was acquired on February 28, 2019. |

----

|                                                                                                                                                                                       |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                       |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Consolidated Property Casualty Loss and Loss and Expense Analysis                                                                                                                     |
| (Dollars in millions)                                                                                                                                                                 |   |   |   |   |   |   |   | Change in |   | Change in |   | Change in |   | Total |   |   |   |   |   | Loss |   |   |
|                                                                                                                                                                                  | Paid |   | Paid loss |   | Total |   | case |   | IBNR |   | loss expense |   | change in |   | Case |   | IBNR |   | expense |   | Total |
|                                                                                                                                                                                  | losses |   | expense |   | paid |   | reserves |   | reserves |   | reserves |   | reserves |   | incurred |   | incurred |   | incurred |   | incurred |
| Gross loss and loss expense incurred for the three months ended December 31, 2019                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Commercial casualty                                                                                                                                                       |   | $ | 115 |  |   | $ | 46 |  |   | $ | 161 |  |   | $ | 3 |  |   | $ | 4 |  |   | $ | 7 |  |   | $ | 14 |  |   | $ | 118 |  |   | $ | 4 |  |   | $ | 53 |  |   | $ | 175 |  |
|   Commercial property                                                                                                                                                       |   | 155 |  |   | 14 |  |   | 169 |  |   | 26 |  |   | 4 |  |   | 2 |  |   | 32 |  |   | 181 |  |   | 4 |  |   | 16 |  |   | 201 |  |
|   Commercial auto                                                                                                                                                           |   | 108 |  |   | 19 |  |   | 127 |  |   | 8 |  |   | (12 | ) |   | 2 |  |   | (2 | ) |   | 116 |  |   | (12 | ) |   | 21 |  |   | 125 |  |
|   Workers' compensation                                                                                                                                                     |   | 37 |  |   | 8 |  |   | 45 |  |   | (5 | ) |   | 7 |  |   | 2 |  |   | 4 |  |   | 32 |  |   | 7 |  |   | 10 |  |   | 49 |  |
|   Other commercial                                                                                                                                                          |   | 18 |  |   | 4 |  |   | 22 |  |   | — |  |   | (2 | ) |   | 3 |  |   | 1 |  |   | 18 |  |   | (2 | ) |   | 7 |  |   | 23 |  |
|     Total commercial lines                                                                                                                                        |   | 433 |  |   | 91 |  |   | 524 |  |   | 32 |  |   | 1 |  |   | 16 |  |   | 49 |  |   | 465 |  |   | 1 |  |   | 107 |  |   | 573 |  |
|                                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Personal auto                                                                                                                                                             |   | 96 |  |   | 18 |  |   | 114 |  |   | 3 |  |   | (8 | ) |   | 1 |  |   | (4 | ) |   | 99 |  |   | (8 | ) |   | 19 |  |   | 110 |  |
|   Homeowners                                                                                                                                                                |   | 93 |  |   | 10 |  |   | 103 |  |   | (12 | ) |   | 21 |  |   | 2 |  |   | 11 |  |   | 81 |  |   | 21 |  |   | 12 |  |   | 114 |  |
|   Other personal                                                                                                                                                            |   | 18 |  |   | 1 |  |   | 19 |  |   | 3 |  |   | 5 |  |   | — |  |   | 8 |  |   | 21 |  |   | 5 |  |   | 1 |  |   | 27 |  |
|     Total personal lines                                                                                                                                          |   | 207 |  |   | 29 |  |   | 236 |  |   | (6 | ) |   | 18 |  |   | 3 |  |   | 15 |  |   | 201 |  |   | 18 |  |   | 32 |  |   | 251 |  |
|                                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Excess & surplus lines                                                                                                                                                |   | 16 |  |   | 9 |  |   | 25 |  |   | 4 |  |   | 10 |  |   | 4 |  |   | 18 |  |   | 20 |  |   | 10 |  |   | 13 |  |   | 43 |  |
| Other                                                                                                                                                                                 |   | 45 |  |   | 2 |  |   | 47 |  |   | (11 | ) |   | 21 |  |   | — |  |   | 10 |  |   | 34 |  |   | 21 |  |   | 2 |  |   | 57 |  |
|       Total property casualty                                                                                                                           |   | $ | 701 |  |   | $ | 131 |  |   | $ | 832 |  |   | $ | 19 |  |   | $ | 50 |  |   | $ | 23 |  |   | $ | 92 |  |   | $ | 720 |  |   | $ | 50 |  |   | $ | 154 |  |   | $ | 924 |  |
|                                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ceded loss and loss expense incurred for the three months ended December 31, 2019                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Commercial casualty                                                                                                                                                       |   | $ | 7 |  |   | $ | — |  |   | $ | 7 |  |   | $ | (7 | ) |   | $ | — |  |   | $ | — |  |   | $ | (7 | ) |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |
|   Commercial property                                                                                                                                                       |   | 5 |  |   | — |  |   | 5 |  |   | 81 |  |   | (1 | ) |   | — |  |   | 80 |  |   | 86 |  |   | (1 | ) |   | — |  |   | 85 |  |
|   Commercial auto                                                                                                                                                           |   | 1 |  |   | — |  |   | 1 |  |   | (1 | ) |   | — |  |   | — |  |   | (1 | ) |   | — |  |   | — |  |   | — |  |   | — |  |
|   Workers' compensation                                                                                                                                                     |   | 2 |  |   | — |  |   | 2 |  |   | (2 | ) |   | (1 | ) |   | — |  |   | (3 | ) |   | — |  |   | (1 | ) |   | — |  |   | (1 | ) |
|   Other commercial                                                                                                                                                          |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |
|     Total commercial lines                                                                                                                                        |   | 15 |  |   | — |  |   | 15 |  |   | 71 |  |   | (2 | ) |   | — |  |   | 69 |  |   | 86 |  |   | (2 | ) |   | — |  |   | 84 |  |
|                                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Personal auto                                                                                                                                                             |   | 2 |  |   | — |  |   | 2 |  |   | 1 |  |   | — |  |   | — |  |   | 1 |  |   | 3 |  |   | — |  |   | — |  |   | 3 |  |
|   Homeowners                                                                                                                                                                |   | — |  |   | — |  |   | — |  |   | (3 | ) |   | — |  |   | — |  |   | (3 | ) |   | (3 | ) |   | — |  |   | — |  |   | (3 | ) |
|   Other personal                                                                                                                                                            |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |
|     Total personal lines                                                                                                                                          |   | 2 |  |   | — |  |   | 2 |  |   | (2 | ) |   | — |  |   | — |  |   | (2 | ) |   | — |  |   | — |  |   | — |  |   | — |  |
|                                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Excess & surplus lines                                                                                                                                                |   | 2 |  |   | — |  |   | 2 |  |   | (1 | ) |   | — |  |   | — |  |   | (1 | ) |   | 2 |  |   | — |  |   | — |  |   | 2 |  |
| Other                                                                                                                                                                                 |   | 5 |  |   | — |  |   | 5 |  |   | 4 |  |   | (6 | ) |   | — |  |   | (2 | ) |   | 9 |  |   | (6 | ) |   | — |  |   | 3 |  |
|       Total property casualty                                                                                                                           |   | $ | 24 |  |   | $ | — |  |   | $ | 24 |  |   | $ | 72 |  |   | $ | (8 | ) |   | $ | — |  |   | $ | 64 |  |   | $ | 97 |  |   | $ | (8 | ) |   | $ | — |  |   | $ | 89 |  |
|                                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss and loss expense incurred for the three months ended December 31, 2019                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Commercial casualty                                                                                                                                                       |   | $ | 108 |  |   | $ | 46 |  |   | $ | 154 |  |   | $ | 10 |  |   | $ | 4 |  |   | $ | 7 |  |   | $ | 21 |  |   | $ | 118 |  |   | $ | 4 |  |   | $ | 53 |  |   | $ | 175 |  |
|   Commercial property                                                                                                                                                       |   | 150 |  |   | 14 |  |   | 164 |  |   | (55 | ) |   | 5 |  |   | 2 |  |   | (48 | ) |   | 95 |  |   | 5 |  |   | 16 |  |   | 116 |  |
|   Commercial auto                                                                                                                                                           |   | 107 |  |   | 19 |  |   | 126 |  |   | 9 |  |   | (12 | ) |   | 2 |  |   | (1 | ) |   | 116 |  |   | (12 | ) |   | 21 |  |   | 125 |  |
|   Workers' compensation                                                                                                                                                     |   | 35 |  |   | 8 |  |   | 43 |  |   | (3 | ) |   | 8 |  |   | 2 |  |   | 7 |  |   | 32 |  |   | 8 |  |   | 10 |  |   | 50 |  |
|   Other commercial                                                                                                                                                          |   | 18 |  |   | 4 |  |   | 22 |  |   | — |  |   | (2 | ) |   | 3 |  |   | 1 |  |   | 18 |  |   | (2 | ) |   | 7 |  |   | 23 |  |
|     Total commercial lines                                                                                                                                        |   | 418 |  |   | 91 |  |   | 509 |  |   | (39 | ) |   | 3 |  |   | 16 |  |   | (20 | ) |   | 379 |  |   | 3 |  |   | 107 |  |   | 489 |  |
|                                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Personal auto                                                                                                                                                             |   | 94 |  |   | 18 |  |   | 112 |  |   | 2 |  |   | (8 | ) |   | 1 |  |   | (5 | ) |   | 96 |  |   | (8 | ) |   | 19 |  |   | 107 |  |
|   Homeowners                                                                                                                                                                |   | 93 |  |   | 10 |  |   | 103 |  |   | (9 | ) |   | 21 |  |   | 2 |  |   | 14 |  |   | 84 |  |   | 21 |  |   | 12 |  |   | 117 |  |
|   Other personal                                                                                                                                                            |   | 18 |  |   | 1 |  |   | 19 |  |   | 3 |  |   | 5 |  |   | — |  |   | 8 |  |   | 21 |  |   | 5 |  |   | 1 |  |   | 27 |  |
|     Total personal lines                                                                                                                                          |   | 205 |  |   | 29 |  |   | 234 |  |   | (4 | ) |   | 18 |  |   | 3 |  |   | 17 |  |   | 201 |  |   | 18 |  |   | 32 |  |   | 251 |  |
|                                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Excess & surplus lines                                                                                                                                                |   | 14 |  |   | 9 |  |   | 23 |  |   | 5 |  |   | 10 |  |   | 4 |  |   | 19 |  |   | 18 |  |   | 10 |  |   | 13 |  |   | 41 |  |
| Other                                                                                                                                                                                 |   | 40 |  |   | 2 |  |   | 42 |  |   | (15 | ) |   | 27 |  |   | — |  |   | 12 |  |   | 25 |  |   | 27 |  |   | 2 |  |   | 54 |  |
|       Total property casualty                                                                                                                           |   | $ | 677 |  |   | $ | 131 |  |   | $ | 808 |  |   | $ | (53 | ) |   | $ | 58 |  |   | $ | 23 |  |   | $ | 28 |  |   | $ | 623 |  |   | $ | 58 |  |   | $ | 154 |  |   | $ | 835 |  |
|                                                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| *Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.                                                                                           |
| *Other data includes results from our Cincinnati Re operations and our London-based global specialty underwriter known as Cincinnati Global, which was acquired on February 28, 2019. |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| Quarterly Property Casualty Data - Consolidated                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (Dollars in millions)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | Three months ended | Six months ended | Nine months ended | Twelve months ended |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | 12/31/19 | 9/30/19 | 6/30/19 | 3/31/19 | 12/31/18 | 9/30/18 | 6/30/18 | 3/31/18 | 6/30/19 | 6/30/18 | 9/30/19 | 9/30/18 | 12/31/19 | 12/31/18 |
| Premiums                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Agency renewal written premiums                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | $ | 1,084 |  | $ | 1,119 |  | $ | 1,186 |  | $ | 1,130 |  | $ | 1,037 |  | $ | 1,088 |  | $ | 1,150 |  | $ | 1,083 |  | $ | 2,316 |  | $ | 2,233 |  | $ | 3,435 |  | $ | 3,321 |  | $ | 4,519 |  | $ | 4,358 |  |
|    Agency new business written premiums                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | 193 |  | 192 |  | 212 |  | 181 |  | 158 |  | 154 |  | 181 |  | 159 |  | 393 |  | 340 |  | 585 |  | 494 |  | 778 |  | 652 |  |
|    Other written premiums                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | 31 |  | 40 |  | 78 |  | 70 |  | (18 | ) | 4 |  | 18 |  | 16 |  | 148 |  | 34 |  | 188 |  | 38 |  | 219 |  | 20 |  |
|    Net written premiums                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | $ | 1,308 |  | $ | 1,351 |  | $ | 1,476 |  | $ | 1,381 |  | $ | 1,177 |  | $ | 1,246 |  | $ | 1,349 |  | $ | 1,258 |  | $ | 2,857 |  | $ | 2,607 |  | $ | 4,208 |  | $ | 3,853 |  | $ | 5,516 |  | $ | 5,030 |  |
|    Unearned premium change                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 66 |  | 25 |  | (159 | ) | (114 | ) | 76 |  | (9 | ) | (119 | ) | (58 | ) | (273 | ) | (177 | ) | (248 | ) | (186 | ) | (182 | ) | (110 | ) |
|    Earned premiums                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | $ | 1,374 |  | $ | 1,376 |  | $ | 1,317 |  | $ | 1,267 |  | $ | 1,253 |  | $ | 1,237 |  | $ | 1,230 |  | $ | 1,200 |  | $ | 2,584 |  | $ | 2,430 |  | $ | 3,960 |  | $ | 3,667 |  | $ | 5,334 |  | $ | 4,920 |  |
| Year over year change %                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Agency renewal written premiums                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | 5 | % | 3 | % | 3 | % | 4 | % | 5 |  % | 2 |  % | 6 | % | 2 |  % | 4 | % | 4 |  % | 3 | % | 3 | % | 4 | % | 4 | % |
|    Agency new business written premiums                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | 22 |  | 25 |  | 17 |  | 14 |  | 5 |  | (2 | ) | 10 |  | 4 |  | 16 |  | 7 |  | 18 |  | 4 |  | 19 |  | 4 |  |
|    Other written premiums                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | nm |  | nm |  | 333 |  | 338 |  | (125 | ) | 131 |  | 13 |  | (24 | ) | 335 |  | (8 | ) | 395 |  | 58 |  | nm |  | 25 |  |
|    Net written premiums                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | 11 |  | 8 |  | 9 |  | 10 |  | 4 |  | 3 |  | 6 |  | 2 |  | 10 |  | 4 |  | 9 |  | 4 |  | 10 |  | 4 |  |
| Paid losses and loss expenses                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Losses paid                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | $ | 677 |  | $ | 703 |  | $ | 677 |  | $ | 692 |  | $ | 606 |  | $ | 585 |  | $ | 586 |  | $ | 579 |  | $ | 1,369 |  | $ | 1,165 |  | $ | 2,072 |  | $ | 1,750 |  | $ | 2,748 |  | $ | 2,356 |  |
|    Loss expenses paid                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | 131 |  | 127 |  | 121 |  | 132 |  | 127 |  | 120 |  | 109 |  | 135 |  | 253 |  | 244 |  | 380 |  | 364 |  | 512 |  | 491 |  |
|    Loss and loss expenses paid                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | $ | 808 |  | $ | 830 |  | $ | 798 |  | $ | 824 |  | $ | 733 |  | $ | 705 |  | $ | 695 |  | $ | 714 |  | $ | 1,622 |  | $ | 1,409 |  | $ | 2,452 |  | $ | 2,114 |  | $ | 3,260 |  | $ | 2,847 |  |
| Incurred losses and loss expenses                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Loss and loss expense incurred                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | $ | 835 |  | $ | 864 |  | $ | 863 |  | $ | 790 |  | $ | 798 |  | $ | 813 |  | $ | 821 |  | $ | 791 |  | $ | 1,653 |  | $ | 1,612 |  | $ | 2,517 |  | $ | 2,425 |  | $ | 3,352 |  | $ | 3,223 |  |
|    Loss and loss expenses paid as a % of incurred                                                                                                                                                                                                                                                                                                                                                                                                                                                              | 96.8 | % | 96.1 | % | 92.5 | % | 104.3 | % | 91.9 |  % | 86.7 |  % | 84.7 | % | 90.3 |  % | 98.1 | % | 87.4 |  % | 97.4 | % | 87.2 | % | 97.3 | % | 88.3 | % |
| Statutory combined ratio                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Loss ratio                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | 49.6 | % | 52.1 | % | 55.7 | % | 52.5 | % | 51.5 |  % | 54.8 |  % | 54.9 | % | 55.2 |  % | 54.1 | % | 55.0 |  % | 53.4 | % | 54.9 | % | 52.5 | % | 54.1 | % |
|    Loss adjustment expense ratio                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | 11.3 |  | 11.0 |  | 9.9 |  | 10.1 |  | 12.2 |  | 10.9 |  | 11.8 |  | 10.8 |  | 10.1 |  | 11.3 |  | 10.4 |  | 11.2 |  | 10.6 |  | 11.4 |  |
|    Net underwriting expense ratio                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | 32.1 |  | 31.2 |  | 29.3 |  | 28.9 |  | 31.8 |  | 31.0 |  | 29.1 |  | 30.4 |  | 29.1 |  | 29.8 |  | 29.8 |  | 30.2 |  | 30.3 |  | 30.5 |  |
|    US Statutory combined ratio                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | 93.0 | % | 94.3 | % | 94.9 | % | 91.5 | % | 95.5 |  % | 96.7 |  % | 95.8 | % | 96.4 |  % | 93.3 | % | 96.1 |  % | 93.6 | % | 96.3 | % | 93.4 | % | 96.0 | % |
|    Contribution from catastrophe losses                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | 3.3 |  | 5.3 |  | 10.0 |  | 5.8 |  | 7.0 |  | 9.7 |  | 7.1 |  | 4.4 |  | 7.9 |  | 5.8 |  | 7.1 |  | 7.1 |  | 6.0 |  | 7.1 |  |
|    Statutory combined ratio excl. catastrophe losses                                                                                                                                                                                                                                                                                                                                                                                                                                                           | 89.7 | % | 89.0 | % | 84.9 | % | 85.7 | % | 88.5 |  % | 87.0 |  % | 88.7 | % | 92.0 |  % | 85.4 | % | 90.3 |  % | 86.5 | % | 89.2 | % | 87.4 | % | 88.9 | % |
| GAAP combined ratio                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    GAAP combined ratio                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | 91.6 | % | 94.2 | % | 96.5 | % | 93.0 | % | 93.9 |  % | 96.8 |  % | 97.2 | % | 97.9 |  % | 94.8 | % | 97.5 |  % | 94.6 | % | 97.3 | % | 93.8 | % | 96.4 | % |
|    Contribution from catastrophe losses                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | 3.3 |  | 5.3 |  | 10.0 |  | 5.8 |  | 7.0 |  | 9.7 |  | 7.1 |  | 4.4 |  | 7.9 |  | 5.8 |  | 7.1 |  | 7.1 |  | 6.0 |  | 7.1 |  |
|    GAAP combined ratio excl. catastrophe losses                                                                                                                                                                                                                                                                                                                                                                                                                                                                | 88.3 | % | 88.9 | % | 86.5 | % | 87.2 | % | 86.9 |  % | 87.1 |  % | 90.1 | % | 93.5 |  % | 86.9 | % | 91.7 |  % | 87.5 | % | 90.2 | % | 87.8 | % | 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 ratios exclude the results of our London-based global specialty underwriter known as Cincinnati Global, which was acquired on February 28, 2019.*Consolidated property casualty data includes the results of Cincinnati Re and Cincinnati Global. |

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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 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                        | 12/31/19 | 9/30/19 | 6/30/19 | 3/31/19 | 12/31/18 | 9/30/18 | 6/30/18 | 3/31/18 | 6/30/19 | 6/30/18 | 9/30/19 | 9/30/18 | 12/31/19 | 12/31/18 |
| Premiums                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Agency renewal written premiums                                                                                                                                                                                                                                                                                                                                                                                                           | $ | 719 |  | $ | 713 |  | $ | 767 |  | $ | 799 |  | $ | 694 |  | $ | 702 |  | $ | 758 |  | $ | 771 |  | $ | 1,566 |  | $ | 1,529 |  | $ | 2,279 |  | $ | 2,231 |  | $ | 2,998 |  | $ | 2,925 |  |
|    Agency new business written premiums                                                                                                                                                                                                                                                                                                                                                                                                      | 129 |  | 124 |  | 137 |  | 120 |  | 101 |  | 94 |  | 118 |  | 104 |  | 257 |  | 222 |  | 381 |  | 316 |  | 510 |  | 417 |  |
|    Other written premiums                                                                                                                                                                                                                                                                                                                                                                                                                    | (29 | ) | (21 | ) | (25 | ) | (23 | ) | (34 | ) | (22 | ) | (20 | ) | (21 | ) | (48 | ) | (41 | ) | (69 | ) | (63 | ) | (98 | ) | (97 | ) |
|    Net written premiums                                                                                                                                                                                                                                                                                                                                                                                                                      | $ | 819 |  | $ | 816 |  | $ | 879 |  | $ | 896 |  | $ | 761 |  | $ | 774 |  | $ | 856 |  | $ | 854 |  | $ | 1,775 |  | $ | 1,710 |  | $ | 2,591 |  | $ | 2,484 |  | $ | 3,410 |  | $ | 3,245 |  |
|    Unearned premium change                                                                                                                                                                                                                                                                                                                                                                                                                   | 33 |  | 18 |  | (56 | ) | (86 | ) | 50 |  | 31 |  | (44 | ) | (64 | ) | (142 | ) | (108 | ) | (124 | ) | (77 | ) | (91 | ) | (27 | ) |
|    Earned premiums                                                                                                                                                                                                                                                                                                                                                                                                                           | $ | 852 |  | $ | 834 |  | $ | 823 |  | $ | 810 |  | $ | 811 |  | $ | 805 |  | $ | 812 |  | $ | 790 |  | $ | 1,633 |  | $ | 1,602 |  | $ | 2,467 |  | $ | 2,407 |  | $ | 3,319 |  | $ | 3,218 |  |
| Year over year change %                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Agency renewal written premiums                                                                                                                                                                                                                                                                                                                                                                                                           | 4 |  % | 2 | % | 1 |  % | 4 |  % | 3 |  % | (1 | )% | 4 |  % | — |  % | 2 |  % | 2 |  % | 2 |  % | 1 |  % | 2 |  % | 2 |  % |
|    Agency new business written premiums                                                                                                                                                                                                                                                                                                                                                                                                      | 28 |  | 32 |  | 16 |  | 15 |  | 5 |  | (5 | ) | 19 |  | 1 |  | 16 |  | 10 |  | 21 |  | 5 |  | 22 |  | 5 |  |
|    Other written premiums                                                                                                                                                                                                                                                                                                                                                                                                                    | 15 |  | 5 |  | (25 | ) | (10 | ) | (55 | ) | 21 |  | (33 | ) | (110 | ) | (17 | ) | (64 | ) | (10 | ) | (19 | ) | (1 | ) | (29 | ) |
|    Net written premiums                                                                                                                                                                                                                                                                                                                                                                                                                      | 8 |  | 5 |  | 3 |  | 5 |  | 2 |  | (1 | ) | 5 |  | (1 | ) | 4 |  | 2 |  | 4 |  | 1 |  | 5 |  | 1 |  |
| Paid losses and loss expenses                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Losses paid                                                                                                                                                                                                                                                                                                                                                                                                                               | $ | 418 |  | $ | 417 |  | $ | 394 |  | $ | 436 |  | $ | 377 |  | $ | 370 |  | $ | 350 |  | $ | 371 |  | $ | 830 |  | $ | 722 |  | $ | 1,247 |  | $ | 1,092 |  | $ | 1,665 |  | $ | 1,469 |  |
|    Loss expenses paid                                                                                                                                                                                                                                                                                                                                                                                                                        | 91 |  | 89 |  | 85 |  | 92 |  | 90 |  | 84 |  | 77 |  | 96 |  | 178 |  | 173 |  | 266 |  | 257 |  | 358 |  | 347 |  |
|    Loss and loss expenses paid                                                                                                                                                                                                                                                                                                                                                                                                               | $ | 509 |  | $ | 506 |  | $ | 479 |  | $ | 528 |  | $ | 467 |  | $ | 454 |  | $ | 427 |  | $ | 467 |  | $ | 1,008 |  | $ | 895 |  | $ | 1,513 |  | $ | 1,349 |  | $ | 2,023 |  | $ | 1,816 |  |
| Incurred losses and loss expenses                                                                                                                                                                                                                                                                                                                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Loss and loss expense incurred                                                                                                                                                                                                                                                                                                                                                                                                            | $ | 489 |  | $ | 510 |  | $ | 550 |  | $ | 481 |  | $ | 505 |  | $ | 515 |  | $ | 510 |  | $ | 519 |  | $ | 1,031 |  | $ | 1,029 |  | $ | 1,541 |  | $ | 1,544 |  | $ | 2,030 |  | $ | 2,049 |  |
|    Loss and loss expenses paid as a % of incurred                                                                                                                                                                                                                                                                                                                                                                                            | 104.1 |  % | 99.2 | % | 87.1 |  % | 109.8 |  % | 92.5 |  % | 88.2 |  % | 83.7 |  % | 90.0 |  % | 97.8 |  % | 87.0 |  % | 98.2 |  % | 87.4 |  % | 99.7 |  % | 88.6 |  % |
| Statutory combined ratio                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Loss ratio                                                                                                                                                                                                                                                                                                                                                                                                                                | 44.8 |  % | 49.3 | % | 56.5 |  % | 48.5 |  % | 48.6 |  % | 51.8 |  % | 50.3 |  % | 54.4 |  % | 52.5 |  % | 52.3 |  % | 51.5 |  % | 52.1 |  % | 49.7 |  % | 51.3 |  % |
|    Loss adjustment expense ratio                                                                                                                                                                                                                                                                                                                                                                                                             | 12.6 |  | 11.9 |  | 10.3 |  | 10.9 |  | 13.7 |  | 12.1 |  | 12.6 |  | 11.2 |  | 10.6 |  | 11.9 |  | 11.0 |  | 12.0 |  | 11.5 |  | 12.4 |  |
|    Net underwriting expense ratio                                                                                                                                                                                                                                                                                                                                                                                                            | 32.8 |  | 32.7 |  | 30.2 |  | 28.9 |  | 32.7 |  | 32.8 |  | 30.0 |  | 30.5 |  | 29.6 |  | 30.3 |  | 30.6 |  | 31.1 |  | 31.1 |  | 31.4 |  |
|    Statutory combined ratio                                                                                                                                                                                                                                                                                                                                                                                                                  | 90.2 |  % | 93.9 | % | 97.0 |  % | 88.3 |  % | 95.0 |  % | 96.7 |  % | 92.9 |  % | 96.1 |  % | 92.7 |  % | 94.5 |  % | 93.1 |  % | 95.2 |  % | 92.3 |  % | 95.1 |  % |
|    Contribution from catastrophe losses                                                                                                                                                                                                                                                                                                                                                                                                      | (0.7 | ) | 4.1 |  | 11.7 |  | 3.3 |  | 4.2 |  | 9.5 |  | 6.5 |  | 2.9 |  | 7.5 |  | 4.7 |  | 6.4 |  | 6.3 |  | 4.5 |  | 5.8 |  |
|    Statutory combined ratio excl. catastrophe losses                                                                                                                                                                                                                                                                                                                                                                                         | 90.9 |  % | 89.8 | % | 85.3 |  % | 85.0 |  % | 90.8 |  % | 87.2 |  % | 86.4 |  % | 93.2 |  % | 85.2 |  % | 89.8 |  % | 86.7 |  % | 88.9 |  % | 87.8 |  % | 89.3 |  % |
| GAAP combined ratio                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    GAAP combined ratio                                                                                                                                                                                                                                                                                                                                                                                                                       | 88.8 |  % | 93.4 | % | 98.6 |  % | 90.8 |  % | 93.4 |  % | 95.9 |  % | 94.2 |  % | 98.3 |  % | 94.7 |  % | 96.2 |  % | 94.3 |  % | 96.1 |  % | 92.9 |  % | 95.4 |  % |
|    Contribution from catastrophe losses                                                                                                                                                                                                                                                                                                                                                                                                      | (0.7 | ) | 4.1 |  | 11.7 |  | 3.3 |  | 4.2 |  | 9.5 |  | 6.5 |  | 2.9 |  | 7.5 |  | 4.7 |  | 6.4 |  | 6.3 |  | 4.5 |  | 5.8 |  |
|    GAAP combined ratio excl. catastrophe losses                                                                                                                                                                                                                                                                                                                                                                                              | 89.5 |  % | 89.3 | % | 86.9 |  % | 87.5 |  % | 89.2 |  % | 86.4 |  % | 87.7 |  % | 95.4 |  % | 87.2 |  % | 91.5 |  % | 87.9 |  % | 89.8 |  % | 88.4 |  % | 89.6 |  % |
| *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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|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| Quarterly Property Casualty Data - Personal Lines                                                                                                                                                                                                                                                                                                                                                                                                           |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (Dollars in millions)                                                                                                                                                                                                                                                                                                                                                                                                                                       | Three months ended | Six months ended | Nine months ended | Twelve months ended |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                        | 12/31/19 | 9/30/19 | 6/30/19 | 3/31/19 | 12/31/18 | 9/30/18 | 6/30/18 | 3/31/18 | 6/30/19 | 6/30/18 | 9/30/19 | 9/30/18 | 12/31/19 | 12/31/18 |
| Premiums                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Agency renewal written premiums                                                                                                                                                                                                                                                                                                                                                                                                           | $ | 309 |  | $ | 356 |  | $ | 365 |  | $ | 282 |  | $ | 293 |  | $ | 342 |  | $ | 342 |  | $ | 264 |  | $ | 647 |  | $ | 606 |  | $ | 1,003 |  | $ | 948 |  | $ | 1,312 |  | $ | 1,241 |  |
|    Agency new business written premiums                                                                                                                                                                                                                                                                                                                                                                                                      | 36 |  | 40 |  | 47 |  | 35 |  | 38 |  | 42 |  | 46 |  | 39 |  | 82 |  | 85 |  | 122 |  | 127 |  | 158 |  | 165 |  |
|    Other written premiums                                                                                                                                                                                                                                                                                                                                                                                                                    | (9 | ) | (8 | ) | (10 | ) | (8 | ) | (8 | ) | (7 | ) | (7 | ) | (6 | ) | (18 | ) | (13 | ) | (26 | ) | (20 | ) | (35 | ) | (28 | ) |
|    Net written premiums                                                                                                                                                                                                                                                                                                                                                                                                                      | $ | 336 |  | $ | 388 |  | $ | 402 |  | $ | 309 |  | $ | 323 |  | $ | 377 |  | $ | 381 |  | $ | 297 |  | $ | 711 |  | $ | 678 |  | $ | 1,099 |  | $ | 1,055 |  | $ | 1,435 |  | $ | 1,378 |  |
|    Unearned premium change                                                                                                                                                                                                                                                                                                                                                                                                                   | 22 |  | (34 | ) | (54 | ) | 35 |  | 19 |  | (39 | ) | (50 | ) | 28 |  | (19 | ) | (22 | ) | (53 | ) | (61 | ) | (31 | ) | (42 | ) |
|    Earned premiums                                                                                                                                                                                                                                                                                                                                                                                                                           | $ | 358 |  | $ | 354 |  | $ | 348 |  | $ | 344 |  | $ | 342 |  | $ | 338 |  | $ | 331 |  | $ | 325 |  | $ | 692 |  | $ | 656 |  | $ | 1,046 |  | $ | 994 |  | $ | 1,404 |  | $ | 1,336 |  |
| Year over year change %                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Agency renewal written premiums                                                                                                                                                                                                                                                                                                                                                                                                           | 5 |  % | 4 |  % | 7 |  % | 7 |  % | 7 |  % | 8 |  % | 8 |  % | 8 | % | 7 |  % | 8 |  % | 6 |  % | 8 |  % | 6 |  % | 7 |  % |
|    Agency new business written premiums                                                                                                                                                                                                                                                                                                                                                                                                      | (5 | ) | (5 | ) | 2 |  | (10 | ) | (3 | ) | (2 | ) | 2 |  | 15 |  | (4 | ) | 8 |  | (4 | ) | 4 |  | (4 | ) | 2 |  |
|    Other written premiums                                                                                                                                                                                                                                                                                                                                                                                                                    | (13 | ) | (14 | ) | (43 | ) | (33 | ) | (60 | ) | (17 | ) | (17 | ) | — |  | (38 | ) | (8 | ) | (30 | ) | (11 | ) | (25 | ) | (22 | ) |
|    Net written premiums                                                                                                                                                                                                                                                                                                                                                                                                                      | 4 |  | 3 |  | 6 |  | 4 |  | 5 |  | 6 |  | 7 |  | 9 |  | 5 |  | 8 |  | 4 |  | 7 |  | 4 |  | 6 |  |
| Paid losses and loss expenses                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Losses paid                                                                                                                                                                                                                                                                                                                                                                                                                               | $ | 205 |  | $ | 221 |  | $ | 217 |  | $ | 209 |  | $ | 207 |  | $ | 199 |  | $ | 210 |  | $ | 187 |  | $ | 426 |  | $ | 396 |  | $ | 647 |  | $ | 595 |  | $ | 850 |  | $ | 802 |  |
|    Loss expenses paid                                                                                                                                                                                                                                                                                                                                                                                                                        | 29 |  | 29 |  | 27 |  | 31 |  | 28 |  | 28 |  | 25 |  | 32 |  | 58 |  | 56 |  | 87 |  | 84 |  | 116 |  | 112 |  |
|    Loss and loss expenses paid                                                                                                                                                                                                                                                                                                                                                                                                               | $ | 234 |  | $ | 250 |  | $ | 244 |  | $ | 240 |  | $ | 235 |  | $ | 227 |  | $ | 235 |  | $ | 219 |  | $ | 484 |  | $ | 452 |  | $ | 734 |  | $ | 679 |  | $ | 966 |  | $ | 914 |  |
| Incurred losses and loss expenses                                                                                                                                                                                                                                                                                                                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Loss and loss expense incurred                                                                                                                                                                                                                                                                                                                                                                                                            | $ | 251 |  | $ | 244 |  | $ | 240 |  | $ | 250 |  | $ | 216 |  | $ | 249 |  | $ | 269 |  | $ | 238 |  | $ | 490 |  | $ | 507 |  | $ | 734 |  | $ | 756 |  | $ | 985 |  | $ | 972 |  |
|    Loss and loss expenses paid as a % of incurred                                                                                                                                                                                                                                                                                                                                                                                            | 93.2 |  % | 102.0 |  % | 101.7 |  % | 96.0 |  % | 108.8 |  % | 91.2 |  % | 87.4 |  % | 92.0 | % | 98.8 |  % | 89.2 |  % | 100.0 |  % | 89.8 |  % | 98.1 |  % | 94.0 |  % |
| Statutory combined ratio                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Loss ratio                                                                                                                                                                                                                                                                                                                                                                                                                                | 61.2 |  % | 60.4 |  % | 59.7 |  % | 64.9 |  % | 54.3 |  % | 65.6 |  % | 71.0 |  % | 64.5 | % | 62.3 |  % | 67.7 |  % | 61.6 |  % | 67.0 |  % | 61.5 |  % | 63.8 |  % |
|    Loss adjustment expense ratio                                                                                                                                                                                                                                                                                                                                                                                                             | 9.0 |  | 8.8 |  | 9.2 |  | 7.6 |  | 9.0 |  | 8.1 |  | 10.1 |  | 8.8 |  | 8.4 |  | 9.5 |  | 8.5 |  | 9.0 |  | 8.7 |  | 9.0 |  |
|    Net underwriting expense ratio                                                                                                                                                                                                                                                                                                                                                                                                            | 30.7 |  | 28.2 |  | 27.3 |  | 30.7 |  | 29.8 |  | 26.9 |  | 26.6 |  | 31.3 |  | 28.8 |  | 28.7 |  | 28.6 |  | 28.0 |  | 29.1 |  | 28.4 |  |
|    Statutory combined ratio                                                                                                                                                                                                                                                                                                                                                                                                                  | 100.9 |  % | 97.4 |  % | 96.2 |  % | 103.2 |  % | 93.1 |  % | 100.6 |  % | 107.7 |  % | 104.6 | % | 99.5 |  % | 105.9 |  % | 98.7 |  % | 104.0 |  % | 99.3 |  % | 101.2 |  % |
|    Contribution from catastrophe losses                                                                                                                                                                                                                                                                                                                                                                                                      | 9.7 |  | 6.7 |  | 10.0 |  | 13.3 |  | 8.2 |  | 10.2 |  | 10.2 |  | 8.9 |  | 11.6 |  | 9.6 |  | 10.0 |  | 9.8 |  | 9.9 |  | 9.4 |  |
|    Statutory combined ratio excl. catastrophe losses                                                                                                                                                                                                                                                                                                                                                                                         | 91.2 |  % | 90.7 |  % | 86.2 |  % | 89.9 |  % | 84.9 |  % | 90.4 |  % | 97.5 |  % | 95.7 | % | 87.9 |  % | 96.3 |  % | 88.7 |  % | 94.2 |  % | 89.4 |  % | 91.8 |  % |
| GAAP combined ratio                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    GAAP combined ratio                                                                                                                                                                                                                                                                                                                                                                                                                       | 99.3 |  % | 99.6 |  % | 98.9 |  % | 101.3 |  % | 91.7 |  % | 103.0 |  % | 110.1 |  % | 103.2 | % | 100.1 |  % | 106.7 |  % | 99.9 |  % | 105.4 |  % | 99.8 |  % | 101.9 |  % |
|    Contribution from catastrophe losses                                                                                                                                                                                                                                                                                                                                                                                                      | 9.7 |  | 6.7 |  | 10.0 |  | 13.3 |  | 8.2 |  | 10.2 |  | 10.2 |  | 8.9 |  | 11.6 |  | 9.6 |  | 10.0 |  | 9.8 |  | 9.9 |  | 9.4 |  |
|    GAAP combined ratio excl. catastrophe losses                                                                                                                                                                                                                                                                                                                                                                                              | 89.6 |  % | 92.9 |  % | 88.9 |  % | 88.0 |  % | 83.5 |  % | 92.8 |  % | 99.9 |  % | 94.3 | % | 88.5 |  % | 97.1 |  % | 89.9 |  % | 95.6 |  % | 89.9 |  % | 92.5 |  % |
| *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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|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| Quarterly Property Casualty Data - Excess & Surplus Lines                                                                                                                                                                                                                                                                                                                                                                                               |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (Dollars in millions)                                                                                                                                                                                                                                                                                                                                                                                                                                       | Three months ended | Six months ended | Nine months ended | Twelve months ended |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                        | 12/31/19 | 9/30/19 | 6/30/19 | 3/31/19 | 12/31/18 | 9/30/18 | 6/30/18 | 3/31/18 | 6/30/19 | 6/30/18 | 9/30/19 | 9/30/18 | 12/31/19 | 12/31/18 |
| Premiums                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Agency renewal written premiums                                                                                                                                                                                                                                                                                                                                                                                                           | $ | 56 |  | $ | 50 |  | $ | 54 |  | $ | 49 |  | $ | 50 |  | $ | 44 |  | $ | 50 |  | $ | 48 |  | $ | 103 |  | $ | 98 |  | $ | 153 |  | $ | 142 |  | $ | 209 |  | $ | 192 |  |
|    Agency new business written premiums                                                                                                                                                                                                                                                                                                                                                                                                      | 28 |  | 28 |  | 28 |  | 26 |  | 19 |  | 18 |  | 17 |  | 16 |  | 54 |  | 33 |  | 82 |  | 51 |  | 110 |  | 70 |  |
|    Other written premiums                                                                                                                                                                                                                                                                                                                                                                                                                    | (4 | ) | (4 | ) | (4 | ) | (4 | ) | (4 | ) | (3 | ) | (3 | ) | (3 | ) | (8 | ) | (6 | ) | (12 | ) | (9 | ) | (16 | ) | (13 | ) |
|    Net written premiums                                                                                                                                                                                                                                                                                                                                                                                                                      | $ | 80 |  | $ | 74 |  | $ | 78 |  | $ | 71 |  | $ | 65 |  | $ | 59 |  | $ | 64 |  | $ | 61 |  | $ | 149 |  | $ | 125 |  | $ | 223 |  | $ | 184 |  | $ | 303 |  | $ | 249 |  |
|    Unearned premium change                                                                                                                                                                                                                                                                                                                                                                                                                   | (4 | ) | (2 | ) | (11 | ) | (8 | ) | (4 | ) | 1 |  | (7 | ) | (5 | ) | (19 | ) | (12 | ) | (21 | ) | (11 | ) | (25 | ) | (15 | ) |
|    Earned premiums                                                                                                                                                                                                                                                                                                                                                                                                                           | $ | 76 |  | $ | 72 |  | $ | 67 |  | $ | 63 |  | $ | 61 |  | $ | 60 |  | $ | 57 |  | $ | 56 |  | $ | 130 |  | $ | 113 |  | $ | 202 |  | $ | 173 |  | $ | 278 |  | $ | 234 |  |
| Year over year change %                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Agency renewal written premiums                                                                                                                                                                                                                                                                                                                                                                                                           | 12 | % | 14 |  % | 8 |  % | 2 |  % | 25 |  % | 13 | % | 16 |  % | 20 | % | 5 |  % | 18 |  % | 8 |  % | 16 |  % | 9 |  % | 19 |  % |
|    Agency new business written premiums                                                                                                                                                                                                                                                                                                                                                                                                      | 47 |  | 56 |  | 65 |  | 63 |  | 19 |  | 20 |  | (19 | ) | — |  | 64 |  | (11 | ) | 61 |  | (2 | ) | 57 |  | 3 |  |
|    Other written premiums                                                                                                                                                                                                                                                                                                                                                                                                                    | — |  | (33 | ) | (33 | ) | (33 | ) | (100 | ) | — |  | — |  | — |  | (33 | ) | — |  | (33 | ) | — |  | (23 | ) | (18 | ) |
|    Net written premiums                                                                                                                                                                                                                                                                                                                                                                                                                      | 23 |  | 25 |  | 22 |  | 16 |  | 20 |  | 16 |  | 5 |  | 15 |  | 19 |  | 10 |  | 21 |  | 12 |  | 22 |  | 14 |  |
| Paid losses and loss expenses                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Losses paid                                                                                                                                                                                                                                                                                                                                                                                                                               | $ | 14 |  | $ | 16 |  | $ | 10 |  | $ | 18 |  | $ | 13 |  | $ | 10 |  | $ | 14 |  | $ | 9 |  | $ | 28 |  | $ | 23 |  | $ | 43 |  | $ | 33 |  | $ | 57 |  | $ | 46 |  |
|    Loss expenses paid                                                                                                                                                                                                                                                                                                                                                                                                                        | 9 |  | 8 |  | 7 |  | 8 |  | 8 |  | 7 |  | 6 |  | 7 |  | 15 |  | 13 |  | 23 |  | 20 |  | 33 |  | 28 |  |
|    Loss and loss expenses paid                                                                                                                                                                                                                                                                                                                                                                                                               | $ | 23 |  | $ | 24 |  | $ | 17 |  | $ | 26 |  | $ | 21 |  | $ | 17 |  | $ | 20 |  | $ | 16 |  | $ | 43 |  | $ | 36 |  | $ | 66 |  | $ | 53 |  | $ | 90 |  | $ | 74 |  |
| Incurred losses and loss expenses                                                                                                                                                                                                                                                                                                                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Loss and loss expense incurred                                                                                                                                                                                                                                                                                                                                                                                                            | $ | 41 |  | $ | 39 |  | $ | 29 |  | $ | 33 |  | $ | 29 |  | $ | 25 |  | $ | 29 |  | $ | 21 |  | $ | 62 |  | $ | 50 |  | $ | 101 |  | $ | 75 |  | $ | 142 |  | $ | 104 |  |
|    Loss and loss expenses paid as a % of incurred                                                                                                                                                                                                                                                                                                                                                                                            | 56.1 | % | 63.2 |  % | 53.5 |  % | 78.8 |  % | 72.4 |  % | 68.0 | % | 69.0 |  % | 76.2 | % | 68.8 |  % | 72.0 |  % | 65.3 |  % | 70.7 |  % | 63.4 |  % | 71.2 |  % |
| Statutory combined ratio                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Loss ratio                                                                                                                                                                                                                                                                                                                                                                                                                                | 38.0 | % | 35.6 |  % | 27.2 |  % | 32.9 |  % | 30.7 |  % | 25.8 | % | 33.9 |  % | 18.8 | % | 30.0 |  % | 26.5 |  % | 32.0 |  % | 26.2 |  % | 33.7 |  % | 27.4 |  % |
|    Loss adjustment expense ratio                                                                                                                                                                                                                                                                                                                                                                                                             | 16.4 |  | 17.1 |  | 17.9 |  | 18.6 |  | 16.1 |  | 16.8 |  | 14.6 |  | 20.5 |  | 18.3 |  | 17.5 |  | 17.9 |  | 17.3 |  | 17.4 |  | 17.0 |  |
|    Net underwriting expense ratio                                                                                                                                                                                                                                                                                                                                                                                                            | 29.1 |  | 29.6 |  | 28.5 |  | 28.5 |  | 29.3 |  | 30.5 |  | 28.7 |  | 28.0 |  | 28.4 |  | 28.3 |  | 28.8 |  | 29.0 |  | 28.9 |  | 29.1 |  |
|    Statutory combined ratio                                                                                                                                                                                                                                                                                                                                                                                                                  | 83.5 | % | 82.3 |  % | 73.6 |  % | 80.0 |  % | 76.1 |  % | 73.1 | % | 77.2 |  % | 67.3 | % | 76.7 |  % | 72.3 |  % | 78.7 |  % | 72.5 |  % | 80.0 |  % | 73.5 |  % |
|    Contribution from catastrophe losses                                                                                                                                                                                                                                                                                                                                                                                                      | 0.5 |  | 1.1 |  | 0.5 |  | 0.2 |  | 0.8 |  | 0.6 |  | 1.2 |  | 1.9 |  | 0.4 |  | 1.5 |  | 0.6 |  | 1.2 |  | 0.6 |  | 1.1 |  |
|    Statutory combined ratio excl. catastrophe losses                                                                                                                                                                                                                                                                                                                                                                                         | 83.0 | % | 81.2 |  % | 73.1 |  % | 79.8 |  % | 75.3 |  % | 72.5 | % | 76.0 |  % | 65.4 | % | 76.3 |  % | 70.8 |  % | 78.1 |  % | 71.3 |  % | 79.4 |  % | 72.4 |  % |
| GAAP combined ratio                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    GAAP combined ratio                                                                                                                                                                                                                                                                                                                                                                                                                       | 82.9 | % | 83.2 |  % | 76.1 |  % | 83.5 |  % | 75.4 |  % | 72.0 | % | 77.6 |  % | 68.8 | % | 79.7 |  % | 73.3 |  % | 80.9 |  % | 72.8 |  % | 81.5 |  % | 73.5 |  % |
|    Contribution from catastrophe losses                                                                                                                                                                                                                                                                                                                                                                                                      | 0.5 |  | 1.1 |  | 0.5 |  | 0.2 |  | 0.8 |  | 0.6 |  | 1.2 |  | 1.9 |  | 0.4 |  | 1.5 |  | 0.6 |  | 1.2 |  | 0.6 |  | 1.1 |  |
|    GAAP combined ratio excl. catastrophe losses                                                                                                                                                                                                                                                                                                                                                                                              | 82.4 | % | 82.1 |  % | 75.6 |  % | 83.3 |  % | 74.6 |  % | 71.4 | % | 76.4 |  % | 66.9 | % | 79.3 |  % | 71.8 |  % | 80.3 |  % | 71.6 |  % | 80.9 |  % | 72.4 |  % |
| *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                                                                                                                                                                                                                                                                |
| Statutory Statements of Income                                                                                                                                                                                                                                                                             |
|                                                                                                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                       | For the Three Months Ended December 31, | For the Twelve Months Ended December 31, |
| (Dollars in millions)                                                                                                                                                                                                                                                                                      | 2019 | 2018 | Change | % Change | 2019 | 2018 | Change | % Change |
| Underwriting income                                                                                                                                                                                                                                                                                        |   |   |   |   |   |   |   |   |
| Net premiums written                                                                                                                                                                                                                                                                                       | $ | 1,272 |  | $ | 1,177 |  | $ | 95 |  | 8 |  | $ | 5,376 |  | $ | 5,030 |  | $ | 346 |  | 7 |  |
| Unearned premium change                                                                                                                                                                                                                                                                                    | (64 | ) | (76 | ) | 12 |  | 16 |  | 191 |  | 110 |  | 81 |  | 74 |  |
| Earned premiums                                                                                                                                                                                                                                                                                            | $ | 1,336 |  | $ | 1,253 |  | $ | 83 |  | 7 |  | $ | 5,185 |  | $ | 4,920 |  | $ | 265 |  | 5 |  |
|                                                                                                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |
| Losses incurred                                                                                                                                                                                                                                                                                            | $ | 662 |  | $ | 646 |  | $ | 16 |  | 2 |  | $ | 2,720 |  | $ | 2,660 |  | $ | 60 |  | 2 |  |
| Defense and cost containment expenses incurred                                                                                                                                                                                                                                                             | 74 |  | 80 |  | (6 | ) | (8 | ) | 278 |  | 308 |  | (30 | ) | (10 | ) |
| Adjusting and other expenses incurred                                                                                                                                                                                                                                                                      | 77 |  | 72 |  | 5 |  | 7 |  | 274 |  | 255 |  | 19 |  | 7 |  |
| Other underwriting expenses incurred                                                                                                                                                                                                                                                                       | 406 |  | 371 |  | 35 |  | 9 |  | 1,618 |  | 1,524 |  | 94 |  | 6 |  |
| Workers compensation dividend incurred                                                                                                                                                                                                                                                                     | 3 |  | 3 |  | — |  | — |  | 12 |  | 12 |  | — |  | 0 |  |
| Total underwriting deductions                                                                                                                                                                                                                                                                              | $ | 1,222 |  | $ | 1,172 |  | $ | 50 |  | 4 |  | $ | 4,902 |  | $ | 4,759 |  | $ | 143 |  | 3 |  |
|                                                                                                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |
| Net underwriting profit                                                                                                                                                                                                                                                                                    | $ | 114 |  | $ | 81 |  | $ | 33 |  | 41 |  | $ | 283 |  | $ | 161 |  | $ | 122 |  | 76 |  |
|                                                                                                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |
| Investment income                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |
| Gross investment income earned                                                                                                                                                                                                                                                                             | $ | 108 |  | $ | 106 |  | $ | 2 |  | 2 |  | $ | 419 |  | $ | 407 |  | $ | 12 |  | 3 |  |
| Net investment income earned                                                                                                                                                                                                                                                                               | 106 |  | 104 |  | 2 |  | 2 |  | 411 |  | 400 |  | 11 |  | 3 |  |
| Net realized capital gains and losses, net                                                                                                                                                                                                                                                                 | (7 | ) | 17 |  | (24 | ) | nm |  | (3 | ) | 98 |  | (101 | ) | nm |  |
| Net investment gains                                                                                                                                                                                                                                                                                       | $ | 99 |  | $ | 121 |  | $ | (22 | ) | (18 | ) | $ | 408 |  | $ | 498 |  | $ | (90 | ) | (18 | ) |
|                                                                                                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |
| Other income                                                                                                                                                                                                                                                                                               | $ | 2 |  | $ | 2 |  | $ | — |  | — |  | $ | 8 |  | $ | 9 |  | $ | (1 | ) | (11 | ) |
|                                                                                                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |
| Net income before federal income taxes                                                                                                                                                                                                                                                                     | $ | 215 |  | $ | 204 |  | $ | 11 |  | 5 |  | $ | 699 |  | $ | 668 |  | $ | 31 |  | 5 |  |
| Federal and foreign income taxes incurred                                                                                                                                                                                                                                                                  | 44 |  | 34 |  | 10 |  | 29 |  | 117 |  | (28 | ) | 145 |  | nm |  |
| Net income (statutory)                                                                                                                                                                                                                                                                                     | $ | 171 |  | $ | 170 |  | $ | 1 |  | 1 |  | $ | 582 |  | $ | 696 |  | $ | (114 | ) | (16 | ) |
|                                                                                                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |
| Policyholders' surplus - statutory                                                                                                                                                                                                                                                                         | $ | 5,621 |  | $ | 4,919 |  | $ | 702 |  | 14 |  | $ | 5,621 |  | $ | 4,919 |  | $ | 702 |  | 14 |  |
|                                                                                                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |
| Fixed maturities at amortized cost - statutory                                                                                                                                                                                                                                                             | $ | 7,424 |  | $ | 7,150 |  | $ | 274 |  | 4 |  | $ | 7,424 |  | $ | 7,150 |  | $ | 274 |  | 4 |  |
| *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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|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| The Cincinnati Life Insurance Company                                                                                                                                                                                                                                                                      |
| Statutory Statements of Income                                                                                                                                                                                                                                                                             |
|                                                                                                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                       | For the Three Months Ended December 31, | For the Twelve Months Ended December 31, |
| (Dollars in millions)                                                                                                                                                                                                                                                                                      | 2019 | 2018 | Change | % Change | 2019 | 2018 | Change | % Change |
| Net premiums written                                                                                                                                                                                                                                                                                       | $ | 80 |  | $ | 77 |  | $ | 3 |  | 4 |  | $ | 313 |  | $ | 294 |  | $ | 19 |  | 6 |  |
| Net investment income                                                                                                                                                                                                                                                                                      | 41 |  | 39 |  | 2 |  | 5 |  | 160 |  | 157 |  | 3 |  | 2 |  |
| Amortization of interest maintenance reserve                                                                                                                                                                                                                                                               | — |  | 1 |  | (1 | ) | (100 | ) | 1 |  | 3 |  | (2 | ) | (67 | ) |
| Commissions and expense allowances on reinsurance ceded                                                                                                                                                                                                                                                    | 2 |  | 2 |  | — |  | — |  | 5 |  | 5 |  | — |  | — |  |
| Income from fees associated with separate accounts                                                                                                                                                                                                                                                         | 1 |  | 1 |  | — |  | — |  | 4 |  | 4 |  | — |  | — |  |
| Total revenues                                                                                                                                                                                                                                                                                             | $ | 124 |  | $ | 120 |  | $ | 4 |  | 3 |  | $ | 483 |  | $ | 463 |  | $ | 20 |  | 4 |  |
|                                                                                                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |
| Death benefits and matured endowments                                                                                                                                                                                                                                                                      | $ | 37 |  | $ | 38 |  | $ | (1 | ) | (3 | ) | $ | 139 |  | $ | 114 |  | $ | 25 |  | 22 |  |
| Annuity benefits                                                                                                                                                                                                                                                                                           | 21 |  | 28 |  | (7 | ) | (25 | ) | 89 |  | 101 |  | (12 | ) | (12 | ) |
| Disability benefits and benefits under accident and health contracts                                                                                                                                                                                                                                       | 1 |  | 1 |  | — |  | — |  | 2 |  | 2 |  | — |  | — |  |
| Surrender benefits and group conversions                                                                                                                                                                                                                                                                   | 5 |  | 6 |  | (1 | ) | (17 | ) | 20 |  | 27 |  | (7 | ) | (26 | ) |
| Interest and adjustments on deposit-type contract funds                                                                                                                                                                                                                                                    | 2 |  | 2 |  | — |  | — |  | 9 |  | 9 |  | — |  | — |  |
| Increase in aggregate reserves for life and accident and health contracts                                                                                                                                                                                                                                  | 25 |  | 25 |  | — |  | — |  | 102 |  | 103 |  | (1 | ) | (1 | ) |
| Total benefit expenses                                                                                                                                                                                                                                                                                     | $ | 91 |  | $ | 100 |  | $ | (9 | ) | (9 | ) | $ | 361 |  | $ | 356 |  | $ | 5 |  | 1 |  |
|                                                                                                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |
| Commissions                                                                                                                                                                                                                                                                                                | $ | 13 |  | $ | 14 |  | $ | (1 | ) | (7 | ) | $ | 52 |  | $ | 52 |  | $ | — |  | — |  |
| General insurance expenses and taxes                                                                                                                                                                                                                                                                       | 12 |  | 13 |  | (1 | ) | (8 | ) | 52 |  | 50 |  | 2 |  | 4 |  |
| Increase in loading on deferred and uncollected premiums                                                                                                                                                                                                                                                   | (5 | ) | — |  | (5 | ) | nm |  | (7 | ) | 1 |  | (8 | ) | nm |  |
| Net transfers from Separate Accounts                                                                                                                                                                                                                                                                       | (2 | ) | (2 | ) | — |  | — |  | (8 | ) | (2 | ) | (6 | ) | (300 | ) |
| Total underwriting expenses                                                                                                                                                                                                                                                                                | $ | 18 |  | $ | 25 |  | $ | (7 | ) | (28 | ) | $ | 89 |  | $ | 101 |  | $ | (12 | ) | (12 | ) |
|                                                                                                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |
| Federal and foreign income tax provision                                                                                                                                                                                                                                                                   | 4 |  | 3 |  | 1 |  | 33 |  | 9 |  | 2 |  | 7 |  | 350 |  |
|                                                                                                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |
| Net gain from operations before capital gains or (losses)                                                                                                                                                                                                                                                  | $ | 11 |  | $ | (8 | ) | $ | 19 |  | nm |  | $ | 24 |  | $ | 4 |  | $ | 20 |  | nm |  |
|                                                                                                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |
| Gains and losses net of capital gains tax, net                                                                                                                                                                                                                                                             | (3 | ) | (4 | ) | 1 |  | 25 |  | (5 | ) | (4 | ) | (1 | ) | (25 | ) |
|                                                                                                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |
| Net income (loss)  - statutory                                                                                                                                                                                                                                                                             | $ | 8 |  | $ | (12 | ) | $ | 20 |  | nm |  | $ | 19 |  | $ | — |  | $ | 19 |  | nm |  |
|                                                                                                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |
| Policyholders' surplus - statutory                                                                                                                                                                                                                                                                         | $ | 204 |  | $ | 191 |  | $ | 13 |  | 7 |  | $ | 204 |  | $ | 191 |  | $ | 13 |  | 7 |  |
|                                                                                                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |
| Fixed maturities at amortized cost - statutory                                                                                                                                                                                                                                                             | $ | 3,454 |  | $ | 3,384 |  | $ | 70 |  | 2 |  | $ | 3,454 |  | $ | 3,384 |  | $ | 70 |  | 2 |  |
| *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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|                                                                                                                                                                                                                                                                          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Quarterly Data - Other                                                                                                                                                                                                                                                   |
|                                                                                                                                                                                                                                                                     |   |   |   |   |
| (Dollars in millions)                                                                                                                                                                                                                                                    | Three months ended | Six months ended | Nine months ended | Twelve months ended |
|                                                                                                                                                                                                                                                                     | 12/31/19 | 9/30/19 | 6/30/19 | 3/31/19 | 12/31/18 | 9/30/18 | 6/30/18 | 3/31/18 | 6/30/19 | 6/30/18 | 9/30/19 | 9/30/18 | 12/31/19 | 12/31/18 |
| Cincinnati Re:                                                                                                                                                                                                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Written premiums                                                                                                                                                                                                                                                         | $ | 36 |  | $ | 35 |  | $ | 73 |  | $ | 84 |  | $ | 28 |  | $ | 36 |  | $ | 48 |  | $ | 46 |  | $ | 157 |  | $ | 94 |  | $ | 192 |  | $ | 130 |  | $ | 228 |  | $ | 158 |  |
| Year over year change %- written premium                                                                                                                                                                                                                                 | 29 |  % | (3 | )% | 52 |  % | 83 |  % | 33 |  % | 50 | % | 20 |  % | 15 |  % | 67 |  % | 18 |  % | 48 |  % | 25 |  % | 44 |  % | 26 | % |
| Earned premiums                                                                                                                                                                                                                                                          | $ | 50 |  | $ | 48 |  | $ | 46 |  | $ | 40 |  | $ | 39 |  | $ | 34 |  | $ | 30 |  | $ | 29 |  | $ | 86 |  | $ | 59 |  | $ | 134 |  | $ | 93 |  | $ | 184 |  | $ | 132 |  |
| Current accident year before catastrophe losses                                                                                                                                                                                                                          | 43.9 |  % | 55.6 |  % | 51.3 |  % | 54.3 |  % | 47.4 |  % | 42.5 | % | 50.0 |  % | 53.4 |  % | 52.7 |  % | 51.6 |  % | 53.7 |  % | 48.3 |  % | 51.1 |  % | 48.0 | % |
| Current accident year catastrophe losses                                                                                                                                                                                                                                 | 20.5 |  | 17.3 |  | — |  | — |  | 63.9 |  | 23.7 |  | — |  | — |  | — |  | — |  | 6.3 |  | 8.8 |  | 10.1 |  | 24.9 |  |
| Prior accident years before catastrophe losses                                                                                                                                                                                                                           | 2.2 |  | 1.2 |  | (3.7 | ) | 6.2 |  | 13.2 |  | 2.3 |  | (5.8 | ) | (9.3 | ) | 0.9 |  | (7.5 | ) | 1.0 |  | (3.9 | ) | 1.3 |  | 1.1 |  |
| Prior accident years catastrophe losses                                                                                                                                                                                                                                  | 0.2 |  | (7.9 | ) | 8.7 |  | (0.3 | ) | (0.6 | ) | 0.8 |  | (0.1 | ) | (0.3 | ) | 4.5 |  | (0.2 | ) | — |  | 0.2 |  | 0.1 |  | — |  |
| Total loss and loss expense ratio                                                                                                                                                                                                                                        | 66.8 |  % | 66.2 |  % | 56.3 |  % | 60.2 |  % | 123.9 |  % | 69.3 | % | 44.1 |  % | 43.8 |  % | 58.1 |  % | 43.9 |  % | 61.0 |  % | 53.4 |  % | 62.6 |  % | 74.0 | % |
|                                                                                                                                                                                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cincinnati Global:                                                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Written premiums                                                                                                                                                                                                                                                         | $ | 37 |  | $ | 38 |  | $ | 44 |  | $ | 21 |  | — |  | — |  | — |  | — |  | $ | 65 |  | — |  | $ | 103 |  | — |  | $ | 140 |  | — |  |
| Earned premiums                                                                                                                                                                                                                                                          | 38 |  | 68 |  | 33 |  | 10 |  | — |  | — |  | — |  | — |  | 43 |  | — |  | 111 |  | — |  | 149 |  | — |  |
| Current accident year before catastrophe losses                                                                                                                                                                                                                          | 39.6 |  % | 44.6 |  % | 75.5 |  % | 103.9 |  % | — |  | — |  | — |  | — |  | 82.6 |  % | — |  | 59.3 |  % | — |  | 54.3 |  % | — |  |
| Current accident year catastrophe losses                                                                                                                                                                                                                                 | 4.8 |  | 19.4 |  | 9.8 |  | — |  | — |  | — |  | — |  | — |  | 7.3 |  | — |  | 14.7 |  | — |  | 12.2 |  | — |  |
| Prior accident years before catastrophe losses                                                                                                                                                                                                                           | (0.2 | ) | (2.9 | ) | (8.5 | ) | (84.0 | ) | — |  | — |  | — |  | — |  | (27.3 | ) | — |  | (12.3 | ) | — |  | (9.2 | ) | — |  |
| Prior accident years catastrophe losses                                                                                                                                                                                                                                  | 9.1 |  | (4.2 | ) | (22.5 | ) | 4.3 |  | — |  | — |  | — |  | — |  | (15.8 | ) | — |  | (8.7 | ) | — |  | (4.2 | ) | — |  |
| Total loss and loss expense ratio                                                                                                                                                                                                                                        | 53.3 |  % | 56.9 |  % | 54.3 |  % | 24.2 |  % | — |  | — |  | — |  | — |  | 46.8 |  % | — |  | 53.0 |  % | — |  | 53.1 |  % | — |  |
|                                                                                                                                                                                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Noninsurance operations:                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest and fees on loans and leases                                                                                                                                                                                                                                    | $ | 1 |  | $ | 1 |  | $ | 1 |  | $ | 2 |  | $ | — |  | $ | 2 |  | $ | 1 |  | $ | 1 |  | $ | 3 |  | $ | 2 |  | $ | 4 |  | $ | 4 |  | $ | 5 |  | $ | 4 |  |
| Other revenue                                                                                                                                                                                                                                                            | 1 |  | 2 |  | 1 |  | — |  | 1 |  | — |  | — |  | — |  | 1 |  | — |  | 3 |  | — |  | 4 |  | 1 |  |
| Interest expense                                                                                                                                                                                                                                                         | 13 |  | 14 |  | 13 |  | 13 |  | 13 |  | 14 |  | 13 |  | 13 |  | 26 |  | 26 |  | 40 |  | 40 |  | 53 |  | 53 |  |
| Operating expense                                                                                                                                                                                                                                                        | 6 |  | 5 |  | 4 |  | 8 |  | 6 |  | 3 |  | 3 |  | 4 |  | 12 |  | 7 |  | 17 |  | 10 |  | 23 |  | 16 |  |
| Total noninsurance operations loss                                                                                                                                                                                                                                       | $ | (17 | ) | $ | (16 | ) | $ | (15 | ) | $ | (19 | ) | $ | (18 | ) | $ | (15 | ) | $ | (15 | ) | $ | (16 | ) | $ | (34 | ) | $ | (31 | ) | $ | (50 | ) | $ | (46 | ) | $ | (67 | ) | $ | (64 | ) |
|                                                                                                                                                                                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| *Dollar amounts shown are in conformity with GAAP and 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. |
| *Cincinnati Global, our London-based global specialty underwriter, was acquired on February 28, 2019. Noninsurance operations include the noninvestment operations of the parent company and a noninsurance subsidiary, CFC Investment Company.                          |