# EDGAR Filing Document

**Accession Number:** 0000020286
**File Stem:** 0001104659-25-082176
**Filing Date:** 2025-8
**Character Count:** 26416
**Document Hash:** 1c993c8084f8d039b249f25dfc3fc1b3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-082176.hdr.sgml**: 20250825

**ACCESSION NUMBER**: 0001104659-25-082176

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250825

**EFFECTIVENESS DATE**: 20250825

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CINCINNATI FINANCIAL CORP
- **CENTRAL INDEX KEY:** 0000020286
- **STANDARD INDUSTRIAL CLASSIFICATION:** FIRE, MARINE & CASUALTY INSURANCE [6331]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 310746871
- **STATE OF INCORPORATION:** OH
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-10798
- **FILM NUMBER:** 251248131

**BUSINESS ADDRESS:**
- **STREET 1:** 6200 S GILMORE RD
- **CITY:** FAIRFIELD
- **STATE:** OH
- **ZIP:** 45014
- **BUSINESS PHONE:** 5138702000

**MAIL ADDRESS:**
- **STREET 1:** P.O. BOX 145496
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45250

## FORM N-PX
### ANNUAL REPORT OF PROXY VOTING RECORD

## N-PX: Filer Information

**Filer CIK:** 0000020286

**Date of Report:** 06/30/2025

**Are you a Registered Management Investment Company or an Institutional Manager?:** Institutional Manager

**Is this a LIVE or TEST Filing?:** LIVE

**Is this an electronic copy of an official filing submitted in paper format?:** [ ]

### Submission Contact Information
_Not provided in this filing._

### Notification Information
**Notify via Filing Website only?:** [ ]

## N-PX: Cover Page

**Name of reporting person:** CINCINNATI FINANCIAL CORP

**Address:** P.O. BOX 145496, CINCINNATI, OH 45250

**Telephone number:** 513-870-2000

**Name of agent for service:** —

**Agent Address:** —, —, — —

**Reporting Period:** Report for the year ended 06/30/2025

**SEC File Number:** 028-10798

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** —

**Report Type (check only one):**

Institutional Manager.

- [ ] Institutional Manager Voting Report

- [ ] Institutional Manager Notice Report

- [x] Institutional Manager Combination Report

Registered Management Investment Company.

- [ ] Fund Voting Report

- [ ] Fund Notice Report

**Do you wish to provide explanatory information pursuant to Special Instruction B.4?:**

- [x] No

- [ ] Yes

**Additional information:** —

## N-PX: Summary - Included Managers

**Number of Included Institutional Managers:** 0

**Included Institutional Managers:** —

## FORM N-PX PROXY VOTING RECORD

| NAME OF ISSUER                    | CUSIP     | MEETING DATE   | VOTE DESCRIPTION                                                                                                                                                                                                      | VOTE CATEGORY                |   SHARES VOTED |   SHARES ON LOAN | HOW VOTED   |   SHARES VOTED FOR OR AGAINST MANAGEMENT | FOR OR AGAINST MANAGEMENT   | OTHER INFO                                                          |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| 3M Company                        | 88579Y101 | 05/13/2025     | Advisory approval of executive compensation.                                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |         142578 |            68422 | FOR         |                                   142578 | FOR                         | Fee would be incurred to vote the small fraction of unvoted shares. |
| Abbott Laboratories               | 002824100 | 04/25/2025     | Say on Pay - An Advisory Vote on the Approval of Executive Compensation                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |         159717 |            78083 | FOR         |                                   159717 | FOR                         | Fee would be incurred to vote the small fraction of unvoted shares. |
| AbbVie Inc.                       | 00287Y109 | 05/09/2025     | Say on Pay - An advisory vote on the approval of executive compensation                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |         566800 |                0 | FOR         |                                   566800 | FOR                         |  |
| Accenture plc                     | G1151C101 | 02/06/2025     | To approve, in a non-binding vote, the compensation of our named executive officers.                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |         318812 |            26188 | FOR         |                                   318812 | FOR                         | Fee would be incurred to vote the small fraction of unvoted shares. |
| Air Products and Chemicals, Inc.  | 009158106 | 01/23/2025     | Advisory Vote Approving the Compensation of the Company's Executive Officers.                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |         113366 |            32534 | FOR         |                                   113366 | FOR                         | Fee would be incurred to vote the small fraction of unvoted shares. |
| American Tower Corporation        | 03027X100 | 05/14/2025     | To approve, on an advisory basis, the Company's executive compensation.                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |         162755 |            38864 | FOR         |                                   162755 | FOR                         | Fee would be incurred to vote the small fraction of unvoted shares. |
| Analog Devices, Inc.              | 032654105 | 03/12/2025     | Advisory vote to approve the compensation of our named executive officers.                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |         445870 |                0 | FOR         |                                   445870 | FOR                         |  |
| Apple Inc.                        | 037833100 | 02/25/2025     | Advisory vote to approve executive compensation                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |        2791826 |            40190 | FOR         |                                  2791826 | FOR                         | Fee would be incurred to vote the small fraction of unvoted shares. |
| AT Inc.                           | 00206R102 | 05/15/2025     | Advisory Approval of Executive Compensation                                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |         532000 |                0 | FOR         |                                   532000 | FOR                         |  |
| Automatic Data Processing, Inc.   | 053015103 | 11/06/2024     | Advisory Vote on Executive Compensation.                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |         232750 |                0 | FOR         |                                   232750 | FOR                         |  |
| BlackRock, Inc.                   | 09290D101 | 05/15/2025     | Approval, in a non-binding advisory vote, of the compensation for named executive officers.                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |          18744 |            10100 | FOR         |                                    18744 | FOR                         | Fee would be incurred to vote the small fraction of unvoted shares. |
| Broadcom Inc.                     | 11135F101 | 04/21/2025     | Advisory vote to approve the named executive officer compensation.                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |        1649849 |            75060 | FOR         |                                  1649849 | FOR                         | Fee would be incurred to vote the small fraction of unvoted shares. |
| Chubb Limited                     | H1467J104 | 05/15/2025     | Advisory vote to approve executive compensation under U.S. securities law requirements                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |         362902 |                0 | FOR         |                                   362902 | FOR                         |  |
| Cisco Systems, Inc.               | 17275R102 | 12/09/2024     | Approval, on an advisory basis, of executive compensation.                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |        2546500 |                0 | FOR         |                                  2546500 | FOR                         |  |
| CME Group Inc.                    | 12572Q105 | 05/08/2025     | Advisory vote on the compensation of our named executive officers.                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |        1002000 |                0 | FOR         |                                  1002000 | FOR                         |  |
| Comcast Corporation               | 20030N101 | 06/18/2025     | Advisory vote on executive compensation                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |         776650 |                0 | FOR         |                                   776650 | FOR                         |  |
| Dollar General Corporation        | 256677105 | 05/29/2025     | To approve, on an advisory (non-binding) basis, the resolution regarding the compensation of Dollar General Corporation's named executive officers as disclosed in the proxy statement.                               | SECTION 14A SAY-ON-PAY VOTES |          55000 |                0 | FOR         |                                    55000 | FOR                         |  |
| Dover Corporation                 | 260003108 | 05/02/2025     | To approve, on an advisory basis, named executive officer compensation.                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |         843600 |                0 | FOR         |                                   843600 | FOR                         |  |
| Enbridge Inc.                     | 29250N105 | 05/07/2025     | Advisory Vote on Executive Compensation Approach                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |         185828 |                0 | FOR         |                                   185828 | FOR                         |  |
| Hasbro, Inc.                      | 418056107 | 05/21/2025     | Advisory Vote to Approve the Compensation of Hasbro's Named Executive Officers                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |         260600 |                0 | FOR         |                                   260600 | FOR                         |  |
| Honeywell International Inc.      | 438516106 | 05/20/2025     | Advisory Vote to Approve Executive Compensation.                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |         793797 |            43703 | FOR         |                                   793797 | FOR                         | Fee would be incurred to vote the small fraction of unvoted shares. |
| Johnson  Johnson                  | 478160104 | 04/24/2025     | Advisory Vote to Approve Named Executive Officer Compensation                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |         201000 |                0 | FOR         |                                   201000 | FOR                         |  |
| JPMorgan Chase  Co.               | 46625H100 | 05/20/2025     | Advisory resolution to approve executive compensation                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |          49360 |            40640 | FOR         |                                    49360 | FOR                         | Fee would be incurred to vote the small fraction of unvoted shares. |
| Lam Research Corporation          | 512807108 | 11/05/2024     | Advisory vote to approve the compensation of the named executive officers of Lam Research, or "Say on Pay."                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |          27724 |                0 | FOR         |                                    27724 | FOR                         |  |
| LyondellBasell Industries N.V.    | N53745100 | 05/23/2025     | Advisory Vote Approving Executive Compensation (Say-on-Pay)                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |         221991 |                0 | FOR         |                                   221991 | FOR                         |  |
| McDonald's Corporation            | 580135101 | 05/20/2025     | Advisory Vote to Approve Executive Compensation.                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |         416281 |            31357 | FOR         |                                   416281 | FOR                         | Fee would be incurred to vote the small fraction of unvoted shares. |
| Microchip Technology Incorporated | 595017104 | 08/20/2024     | Proposal to approve, on an advisory (non-binding) basis, the compensation of our named executives.                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |         782250 |                0 | FOR         |                                   782250 | FOR                         |  |
| Microsoft Corporation             | 594918104 | 12/10/2024     | Advisory Vote to Approve Named Executive Officer Compensation ("say-on-pay vote")                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |         620383 |            21867 | FOR         |                                   620383 | FOR                         | Fee would be incurred to vote the small fraction of unvoted shares. |
| Mondelez International, Inc.      | 609207105 | 05/21/2025     | Advisory vote to approve executive compensation                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |        1324084 |           123916 | FOR         |                                  1324084 | FOR                         | Fee would be incurred to vote the small fraction of unvoted shares. |
| National Storage Affiliates Trust | 637870106 | 05/12/2025     | Shareholder advisory vote (non-binding) on the executive compensation of the Company's Named Executive Officers as more fully described in the Proxy Statement.                                                       | SECTION 14A SAY-ON-PAY VOTES |          82030 |                0 | FOR         |                                    82030 | FOR                         |  |
| NextEra Energy, Inc.              | 65339F101 | 05/22/2025     | Approval, by non-binding advisory vote, of NextEra Energy's compensation of its named executive officers as disclosed in the proxy statement.                                                                         | SECTION 14A SAY-ON-PAY VOTES |          48000 |                0 | FOR         |                                    48000 | FOR                         |  |
| Norfolk Southern Corporation      | 655844108 | 05/08/2025     | Approval of the advisory resolution on executive compensation, as disclosed in the proxy statement for the 2025 Annual Meeting of Shareholders.                                                                       | SECTION 14A SAY-ON-PAY VOTES |         552516 |            35171 | FOR         |                                   552516 | FOR                         | Fee would be incurred to vote the small fraction of unvoted shares. |
| PepsiCo, Inc.                     | 713448108 | 05/07/2025     | Advisory approval of the Company's executive compensation.                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |          77072 |            50428 | FOR         |                                    77072 | FOR                         | Fee would be incurred to vote the small fraction of unvoted shares. |
| Pfizer Inc.                       | 717081103 | 04/24/2025     | 2025 advisory approval of executive compensation                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |         262742 |           316358 | FOR         |                                   262742 | FOR                         | Fee would be incurred to vote the small fraction of unvoted shares. |
| Philip Morris International Inc.  | 718172109 | 05/07/2025     | Advisory Vote Approving Executive Compensation                                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |        1101700 |                0 | FOR         |                                  1101700 | FOR                         |  |
| Pinnacle West Capital Corporation | 723484101 | 05/21/2025     | To hold an advisory vote to approve executive compensation.                                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |         628067 |           101393 | FOR         |                                   628067 | FOR                         | Fee would be incurred to vote the small fraction of unvoted shares. |
| Prologis, Inc.                    | 74340W103 | 05/08/2025     | Advisory Vote to Approve the Company's Executive Compensation for 2024.                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |         590000 |                0 | FOR         |                                   590000 | FOR                         |  |
| QUALCOMM Incorporated             | 747525103 | 03/18/2025     | Approval, on an advisory basis, of the compensation of our named executive officers.                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |         957500 |                0 | FOR         |                                   957500 | FOR                         |  |
| RPM International Inc.            | 749685103 | 10/03/2024     | Approve the Company's executive compensation.                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |         824725 |                0 | FOR         |                                   824725 | FOR                         |  |
| RTX Corporation                   | 75513E101 | 05/01/2025     | Advisory Vote to Approve Executive Compensation                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |          71000 |                0 | FOR         |                                    71000 | FOR                         |  |
| Snap-on Incorporated              | 833034101 | 04/24/2025     | Advisory vote to approve the compensation of Snap-on Incorporated's named executive officers, as disclosed in 'Compensation Discussion and Analysis' and 'Executive Compensation Information' in the Proxy Statement. | SECTION 14A SAY-ON-PAY VOTES |         336764 |                0 | FOR         |                                   336764 | FOR                         |  |
| The Estee Lauder Companies Inc.   | 518439104 | 11/08/2024     | Advisory vote to approve executive compensation.                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |          53000 |                0 | FOR         |                                    53000 | FOR                         |  |
| The Home Depot, Inc.              | 437076102 | 05/22/2025     | Advisory Vote to Approve Executive Compensation ("Say-on-Pay")                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |         401507 |            24547 | FOR         |                                   401507 | FOR                         | Fee would be incurred to vote the small fraction of unvoted shares. |
| The Procter  Gamble Company       | 742718109 | 10/08/2024     | Advisory Vote to Approve the Company's Executive Compensation (the "Say on Pay" vote)                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |          22041 |            27859 | FOR         |                                    22041 | FOR                         | Fee would be incurred to vote the small fraction of unvoted shares. |
| The TJX Companies, Inc.           | 872540109 | 06/10/2025     | Advisory approval of TJX's executive compensation (the say-on-pay vote)                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |         866500 |                0 | FOR         |                                   866500 | FOR                         |  |
| U.S. Bancorp                      | 902973304 | 04/15/2025     | An advisory vote to approve the compensation of our executives disclosed in the proxy statement.                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |         570507 |           192993 | FOR         |                                   570507 | FOR                         | Fee would be incurred to vote the small fraction of unvoted shares. |
| UnitedHealth Group Incorporated   | 91324P102 | 06/02/2025     | Advisory approval of the Company's executive compensation.                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |         453867 |            14955 | FOR         |                                   453867 | FOR                         | Fee would be incurred to vote the small fraction of unvoted shares. |
| Valero Energy Corporation         | 91913Y100 | 05/06/2025     | Advisory vote to approve the 2024 compensation of named executive officers.                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |         451310 |            63330 | FOR         |                                   451310 | FOR                         | Fee would be incurred to vote the small fraction of unvoted shares. |
| Verizon Communications Inc.       | 92343V104 | 05/22/2025     | Advisory vote to approve executive compensation                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |         278152 |           208548 | FOR         |                                   278152 | FOR                         | Fee would be incurred to vote the small fraction of unvoted shares. |

## N-PX: Signature Block

**Reporting Person:** CINCINNATI FINANCIAL CORP

**By (Signature):** /s/ Steven A. Soloria

**By (Printed Signature):** /s/ Steven A. Soloria

**By (Title):** Chief Investment Officer

**Date:** 08/20/2025