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: October 31, 2022(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 Sheet Arrangement of a Registrant.On October 31, 2022, Cincinnati Financial Corporation as borrower, entered into an Amendment Letter No. 4 (the “Fourth Amendment”) to the Letter of Credit Facility Agreement, dated February 25, 2019 (the “Facility Agreement”) with The Bank of Nova Scotia as issuing lender. The Fourth Amendment and Annex A to the Fourth Amendment amend Section 1.1 Expiration Date to February 28, 2027; change multiple references from the year 2022 to 2023; remove all references to LIBOR and replace them with Term SOFR; amend the Benchmark Replacement language in Section 3.6; add a Negative Covenant in Section 6.2.16; add definitions in Section 1.1 to address the aforementioned changes; and make other edits in Sections 2.4.3, 6.1.11, and Section 7 to reflect changes in Lloyd's procedures.All other material terms and conditions of the Facility Agreement are unchanged and remain in full force and effect. The Fourth Amendment filed as Exhibit 10.1 hereto and the description set forth above is qualified in its entirety by the full terms of the Facility Agreement dated February 25, 2019, the First Amendment dated November 4, 2019, the Second Amendment dated October 30, 2020, and the Third Amendment dated November 2, 2021.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 2021 Annual Report on Form 10-K, Item 1A, Risk Factors, Page 32. 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 and continued supply chain disruptions that affect our 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 and cash flow 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•Ongoing developments concerning business interruption insurance claims and litigation related to the COVID-19 pandemic that affect our estimates of losses and loss adjustment expenses or our ability to reasonably estimate such losses, such as:•The continuing duration of the pandemic and governmental actions to limit the spread of the virus that may produce additional economic losses•The number of policyholders that will ultimately submit claims or file lawsuits•The lack of submitted proofs of loss for allegedly covered claims•Judicial rulings in similar litigation involving other companies in the insurance industry•Differences in state laws and developing case law•Litigation trends, including varying legal theories advanced by policyholders•Whether and to what degree any class of policyholders may be certified•The inherent unpredictability of litigation•Unusually high levels of catastrophe losses due to risk concentrations, changes in weather patterns (whether as a result of global climate change or otherwise), environmental events, war or political unrest, terrorism incidents, cyberattacks, civil unrest or other causes •Increased frequency and/or severity of claims or development of claims that are unforeseen at the time of policy issuance, due to inflationary trends or other causes•Inadequate estimates or assumptions, or reliance on third-party data used for critical accounting estimates •Declines in overall stock market values negatively affecting our equity portfolio and book value•Prolonged low interest rate environment or other factors that limit our 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, such as Russia’s invasion of Ukraine, 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 or director and officer policies written for financial institutions or other insured entities•Our inability to manage Cincinnati Global or other subsidiaries to produce related business opportunities and growth prospects for our ongoing operations•Recession, prolonged elevated inflation or other economic conditions resulting in lower demand for insurance products or increased payment delinquencies•Ineffective information technology systems or discontinuing to develop and implement improvements in technology may impact our success and profitability•Difficulties with technology or data security breaches, including cyberattacks, that could negatively affect our or our agents’ 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•Difficulties with our operations and technology that may negatively impact our ability to conduct business, including cloud-based data information storage, data security, cyberattacks, remote working capabilities, and/or outsourcing relationships and third-party operations and data security•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•Intense competition, and the impact of innovation, technological change and changing customer preferences on the insurance industry and the markets in which we operate, could harm our ability to maintain or increase our ability to maintain or increase our business volumes and profitability•Changing consumer insurance-buying habits and consolidation of independent insurance agencies 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 our relationships with our independent agencies and hamper opportunities to add new agencies, resulting in limitations on our opportunities for growth, such as: •Downgrades of our financial strength ratings •Concerns that doing business with us is too difficult •Perceptions that our 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, including effects of social inflation on the size of litigation awards•Events or actions, including unauthorized intentional circumvention of controls, that reduce our 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•Our inability, or the inability of our independent agents, to attract and retain personnel in a competitive labor market, impacting the customer experience and altering our competitive advantages•Events, such as an epidemic, natural catastrophe or terrorism, that could hamper our ability to assemble our workforce at our headquarters location or work effectively in a remote environmentFurther, our 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. We also are subject to public and regulatory initiatives that can affect the market value for our 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 -    Amendment Letter No. 4 to the Letter of Credit Facility Agreement dated October 31, 2022.    Exhibit 10.2 -    Amendment Letter No. 3 to the Letter of Credit Facility Agreement dated November 2, 2021 (incorporated herein by reference to the company's Current Report on Form 8-K dated November 3, 2021, Exhibit 10.1).Exhibit 10.3 -     Amendment Letter No. 2 to the Letter of Credit Facility Agreement dated October 30, 2020 (incorporated herein by reference to the company's Current Report on Form 8-K dated November 2, 2020, Exhibit 10.1).Exhibit 10.4 -     Amendment Letter No. 1 to the Letter of Credit Facility Agreement dated November 4, 2019 (incorporated herein by reference to the company's Current Report on Form 8-K dated November 5, 2019, Exhibit 10.1).Exhibit 10.5 -    Letter of Credit Facility Agreement, dated February 25, 2019, between Cincinnati Financial Corporation and The Bank of Nova Scotia (incorporated herein by reference to the company’s Current Report on Form 8-K dated February 28, 2019, Exhibit 10.1).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: November 2, 2022/S/ Michael J. SewellMichael J. Sewell, CPAChief Financial Officer, Senior Vice President and Treasurer(Principal Accounting Officer)