UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-KCURRENT REPORTPursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934Date of Report: December 11, 2020(Date of earliest event reported)CINCINNATI FINANCIAL CORPORATION(Exact name of registrant as specified in its charter)Ohio0-460431-0746871(State or other jurisdiction  of incorporation)(Commission File Number)(I.R.S. Employer Identification No.)6200 S. Gilmore RoadFairfield,Ohio45014‐5141(Address of principal executive offices)(Zip Code)Registrant’s telephone number, including area code:  (513) 870-2000N/A(Former name or former address, if changed since last report.)Securities registered pursuant to Section 12(b) of the Act:Title of each classTrading Symbol(s)Name of each exchange on which registeredCommon stockCINFNasdaq Global Select MarketCheck the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13a-4(c))Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§203.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).☐    Emerging growth company☐    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.Items 1.01 Entry into Material Definitive Agreements.Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance SheetArrangement of a Registrant.On December 11, 2020, Cincinnati Financial Corporation and CFC Investment Company, a subsidiary of Cincinnati Financial Corporation (Borrowers) entered into a Limited Consent to Credit Agreement ("2020 Extension") for the Amended and Restated Credit Agreement, dated May 13, 2014, as amended (the "Credit Agreement"), by and among the lenders party thereto; PNC Bank, N.A., as Administrative Agent; PNC Capital Markets, LLC, as Sole Bookrunner and Joint Lead Arranger; Fifth Third Bank, N.A. as Joint Lead Arranger and Syndication Agent; and The Huntington National Bank and U.S Bank, N.A. as Documentation Agents. The 2020 Extension changes the Expiration Date of the Credit Agreement to February 4, 2026, which is a one-year extension of the prior expiration. All other terms and conditions of the Credit Agreement, as amended are unchanged and remain in full force and effect.The foregoing description of the 2020 Extension does not purport to be complete and is qualified in its entirety by the full terms of the Credit Agreement and the First, Second, Third and Fourth Amendments and the extensions thereto, each of which is incorporated herein by reference. Safe Harbor StatementThis is our “Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995. Our business is subject to certain risks and uncertainties that may cause actual results to differ materially from those suggested by the forward-looking statements in this report. Some of those risks and uncertainties are discussed in our 2019 Annual Report on Form 10-K, Item 1A, Risk Factors, Page 35 and Item 1A, Risk Factors in our subsequent Quarterly Reports on Form 10-Q. Factors that could cause or contribute to such differences include, but are not limited to: •Effects of the COVID-19 pandemic that could affect results for reasons such as: ◦Securities market disruption or volatility and related effects such as decreased economic activity that affect the company’s investment portfolio and book value◦An unusually high level of claims in our insurance or reinsurance operations that increase litigation-related expenses◦An unusually high level of insurance losses, including risk of legislation or court decisions extending business interruption insurance in commercial property coverage forms to cover claims for pure economic loss related to the COVID-19 pandemic◦Decreased premium revenue from disruption to our distribution channel of independent agents, consumer self-isolation, travel limitations, business restrictions and decreased economic activity◦Inability of our workforce, agencies or vendors to perform necessary business functions•Unusually high levels of catastrophe losses due to risk concentrations, changes in weather patterns, environmental events, terrorism incidents or other causes •Increased frequency and/or severity of claims or development of claims that are unforeseen at the time of policy issuance•Inadequate estimates, assumptions or reliance on third-party data used for critical accounting estimates •Declines in overall stock market values negatively affecting the company’s equity portfolio and book value•Prolonged low interest rate environment or other factors that limit the company’s ability to generate growth in investment income or interest rate fluctuations that result in declining values of fixed-maturity investments, including declines in accounts in which we hold bank-owned life insurance contract assets•Domestic and global events resulting in capital market or credit market uncertainty, followed by prolonged periods of economic instability or recession, that lead to:◦Significant or prolonged decline in the fair value of a particular security or group of securities and impairment of the asset(s)◦Significant decline in investment income due to reduced or eliminated dividend payouts from a particular security or group of securities◦Significant rise in losses from surety and director and officer policies written for financial institutions or other insured entities•Our inability to integrate Cincinnati Global and its subsidiaries into our on-going operations, or disruptions to our on-going operations due to such integration•Recession or other economic conditions resulting in lower demand for insurance products or increased payment delinquencies•Difficulties with technology or data security breaches, including cyberattacks, that could negatively affect our ability to conduct business; disrupt our relationships with agents, policyholders and others; cause reputational damage, mitigation expenses and data loss and expose us to liability under federal and state laws•Disruption of the insurance market caused by technology innovations such as driverless cars that could decrease consumer demand for insurance products•Delays, inadequate data developed internally or from third parties, or performance inadequacies from ongoing development and implementation of underwriting and pricing methods, including telematics and other usage-based insurance methods, or technology projects and enhancements expected to increase our pricing accuracy, underwriting profit and competitiveness•Increased competition that could result in a significant reduction in the company’s premium volume•Changing consumer insurance-buying habits and consolidation of independent insurance agencies that could alter our competitive advantages •Inability to obtain adequate ceded reinsurance on acceptable terms, amount of reinsurance coverage purchased, financial strength of reinsurers and the potential for nonpayment or delay in payment by reinsurers•Inability to defer policy acquisition costs for any business segment if pricing and loss trends would lead management to conclude that segment could not achieve sustainable profitability•Inability of our subsidiaries to pay dividends consistent with current or past levels•Events or conditions that could weaken or harm the company’s relationships with its independent agencies and hamper opportunities to add new agencies, resulting in limitations on the company’s opportunities for growth, such as: ◦Downgrades of the company’s financial strength ratings ◦Concerns that doing business with the company is too difficult ◦Perceptions that the company’s level of service, particularly claims service, is no longer a distinguishing characteristic in the marketplace◦Inability or unwillingness to nimbly develop and introduce coverage product updates and innovations that our competitors offer and consumers expect to find in the marketplace•Actions of insurance departments, state attorneys general or other regulatory agencies, including a change to a federal system of regulation from a state-based system, that:◦Impose new obligations on us that increase our expenses or change the assumptions underlying our critical accounting estimates◦Place the insurance industry under greater regulatory scrutiny or result in new statutes, rules and regulations ◦Restrict our ability to exit or reduce writings of unprofitable coverages or lines of business◦Add assessments for guaranty funds, other insurance-related assessments or mandatory reinsurance arrangements; or that impair our ability to recover such assessments through future surcharges or other rate changes◦Increase our provision for federal income taxes due to changes in tax law◦Increase our other expenses◦Limit our ability to set fair, adequate and reasonable rates ◦Place us at a disadvantage in the marketplace ◦Restrict our ability to execute our business model, including the way we compensate agents•Adverse outcomes from litigation or administrative proceedings•Events or actions, including unauthorized intentional circumvention of controls, that reduce the company’s future ability to maintain effective internal control over financial reporting under the Sarbanes-Oxley Act of 2002 •Unforeseen departure of certain executive officers or other key employees due to retirement, health or other causes that could interrupt progress toward important strategic goals or diminish the effectiveness of certain longstanding relationships with insurance agents and others•Events, such as an epidemic, natural catastrophe or terrorism, that could hamper our ability to assemble our workforce at our headquarters location Further, the company’s insurance businesses are subject to the effects of changing social, global, economic and regulatory environments. Public and regulatory initiatives have included efforts to adversely influence and restrict premium rates, restrict the ability to cancel policies, impose underwriting standards and expand overall regulation. The company also is subject to public and regulatory initiatives that can affect the market value for its common stock, such as measures affecting corporate financial reporting and governance. The ultimate changes and eventual effects, if any, of these initiatives are uncertain.Item 9.01 Financial Statements and Exhibits.(c)     ExhibitsExhibit 10.1 – Amended and Restated Credit Agreement, dated May 13, 2014 (incorporated herein byreference to the Company’s Current Report on Form 8-K dated May 13, 2014, Exhibit 10.1)Exhibit 10.2 – First Amendment to Amended and Restated Credit Agreement, dated February 8, 2016(incorporated herein by reference to the Company’s Current Report on Form 8-K dated February 8,2016, Exhibit 10.1)Exhibit 10.3 – Second Amendment to Amended and Restated Credit Agreement, dated March 31, 2016(incorporated herein by reference to the Company’s Current Report on Form 8-K dated March 31,2016, Exhibit 10.1)Exhibit 10.4 – Third Amendment to Amended and Restated Credit Agreement, dated February 4, 2019(incorporated herein by reference to the Company’s Current Report on Form 8-K dated February 4,2019, Exhibit 10.1)Exhibit 10.5 – Fourth Amendment to Amended and Restated Credit Agreement, dated February 26, 2019(incorporated herein by reference to the Company's Current Report on Form 8-K dated February 25,2019, Exhibit 10.6)Exhibit 10.6 – Limited Consent to Credit Agreement, dated December 6, 2019(incorporated herein by reference to the Company's Current Report on Form 8-K dated December 6, 2020, Exhibit 10.6)Exhibit 10.7 –Limited Consent to Credit Agreement, dated December 11, 2020, among Cincinnati Financial Corporation, CFC Investment Company, PNC Bank, N.A., Fifth Third Bank, N.A., The Huntington National Bank, U.S. Bank, N.A., and Trust Bank.Exhibit 104 –    The cover page from this Current Report on Form 8-K, formatted as Inline XBRLSignaturePursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CINCINNATI FINANCIAL CORPORATIONDate: December 11, 2020/S/ Michael J. SewellMichael J. Sewell, CPAChief Financial Officer, Senior Vice President and Treasurer(Principal Accounting Officer)