# EDGAR Filing Document

**Accession Number:** 0000020286
**File Stem:** 0000020286-26-000005
**Filing Date:** 2026-2
**Character Count:** 265826
**Document Hash:** d3219c73125519376dc935504f04b6f4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000020286-26-000005.hdr.sgml**: 20260209

**ACCESSION NUMBER**: 0000020286-26-000005

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20260209

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260209

**DATE AS OF CHANGE**: 20260209

**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:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-04604
- **FILM NUMBER:** 26611546

**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

?xml version='1.0' encoding='ASCII'? cinf-20260209

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K** 

**CURRENT REPORT**

**Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934**

Date of Report: February 9, 2026

(Date of earliest event reported)

**CINCINNATI FINANCIAL CORPORATION**

(Exact name of registrant as specified in its charter)

---

| | | | |
|:---|:---|:---|:---|
| Ohio | 0-4604 | 0-4604 | 31-0746871 |
| (State or other jurisdiction <br>of incorporation) | (Commission <br>File Number) | (Commission <br>File Number) | (I.R.S. Employer <br>Identification No.) |
| 6200 S. Gilmore Road | Fairfield, | Ohio | 45014-5141 |
| (Address of principal executive offices) | | | (Zip Code) |

---

Registrant's telephone number, including area code: (513) 870-2000

N/A

(Former name or former address, if changed since last report.)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered <br> Common stock CINF Nasdaq Global Select Market

Check 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:

☐&nbsp;&nbsp;&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐&nbsp;&nbsp;&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐&nbsp;&nbsp;&nbsp;&nbsp;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).

☐&nbsp;&nbsp;&nbsp;&nbsp;Emerging growth company

☐&nbsp;&nbsp;&nbsp;&nbsp;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.

------

**Item 2.02 Results of Operations and Financial Condition.** 

On February 9, 2026, Cincinnati Financial Corporation issued the attached news release titled "Cincinnati Financial Reports Fourth-Quarter and Full-Year 2025 Results," furnished as Exhibit 99.1 hereto and incorporated herein by reference. On February 9, 2026, the company also distributed the attached information titled "Supplemental Financial Data," furnished as Exhibit 99.2 hereto and incorporated herein by reference. This report should not be deemed an admission as to the materiality of any information contained in the news release or supplemental financial data.

In accordance with general instruction B.2 of Form 8-K, the information furnished in this report shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.

------

**Item 9.01 Financial Statements and Exhibits.**

(c) &nbsp;&nbsp;&nbsp;&nbsp;Exhibits

**Exhibit 99.1** – <u>[News release dated February 9, 2026, "Cincinnati Financial Reports Fourth-Quarter and Full-Year 2025 Results"](exhibit991q425.htm)</u>

**Exhibit 99.2** – <u>[Supplemental Financial Data for the Period Ending December 31, 2025 distributed February 9, 2026](exhibit992q425.htm)</u>

**Exhibit 104** – The cover page from this Current Report on Form 8-K, formatted as Inline XBRL

**Signature**

Pursuant 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 CORPORATION |
| Date: February 9, 2026 | /S/ Michael J. Sewell |
| | Michael J. Sewell, CPA |
| | Chief Financial Officer, Senior Vice President and Treasurer<br>(Principal Accounting Officer) |

---

## Exhibit 99.1

---

| | |
|:---|:---|
| ![cfc3025rgba.jpg](cfc3025rgba.jpg) | The Cincinnati Insurance Company ■ The Cincinnati Indemnity Company<br>The Cincinnati Casualty Company ■ The Cincinnati Specialty Underwriters Insurance Company<br>The Cincinnati Life Insurance Company ■ CFC Investment Company ■ CSU Producer Resources Inc.<br>Cincinnati Global Underwriting Ltd. ■ Cincinnati Global Underwriting Agency Ltd. |

---

**Investor Contact:** Dennis E. McDaniel, 513-870-2768

*CINF-IR@cinfin.com*

**Media Contact**: Betsy E. Ertel, 513-603-5323

*Media_Inquiries@cinfin.com*

**Cincinnati Financial Reports Fourth-Quarter and Full-Year 2025 Results**

**Cincinnati, February 9, 2026 – Cincinnati Financial Corporation (Nasdaq: CINF)** today reported:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fourth-quarter 2025 net income of $676 million, or $4.29 per share, compared with $405 million, or $2.56 per share, in the fourth quarter of 2024, after recognizing a $145 million fourth-quarter 2025 after-tax increase in the fair value of equity securities still held.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Full-year 2025 net income of $2.393 billion, or $15.17 per share, compared with $2.292 billion, or $14.53 per share, in 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• $34 million or 7% increase in fourth-quarter 2025 non-GAAP operating income\* to $531 million, or $3.37 per share, compared with $497 million, or $3.14 per share, in the fourth quarter of last year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• $57 million or 5% increase in full-year 2025 non-GAAP operating income to $1.254 billion, or $7.95 per share, up from $1.197 billion, or $7.58 per share, with an increase of $112 million in after-tax net investment income partially offset by a decrease of $62 million in after-tax property casualty underwriting profit.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• $271 million increase in fourth-quarter 2025 net income, compared with fourth-quarter 2024, including the effects of after-tax net increases of $237 million from net investment gains, $21 million from property casualty underwriting profit and $20 million from investment income.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• $102.35 book value per share at December 31, 2025, up $13.24 since year-end 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 18.8% value creation ratio for full-year 2025, compared with 19.8% for 2024.

**Financial Highlights**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| (Dollars in millions except per share data) | Three months ended December 31, | Three months ended December 31, | Three months ended December 31, | Twelve months ended December 31, | Twelve months ended December 31, | Twelve months ended December 31, |
| (Dollars in millions except per share data) | **2025** | 2024 | % Change | **2025** | 2024 | % Change |
| **Revenue Data** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Earned premiums | $**2592** | $2365 | 10 | $**9983** | $8889 | 12 |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment income, net of expenses | **305** | 280 | 9 | **1165** | 1025 | 14 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total revenues | **3091** | 2538 | 22 | **12631** | 11337 | 11 |
| **Income Statement Data** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net income | $**676** | $405 | 67 | $**2393** | $2292 | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment gains and losses, after-tax | **145** | (92) | nm | **1139** | 1095 | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-GAAP operating income\* | $**531** | $497 | 7 | $**1254** | $1197 | 5 |
| **Per Share Data (diluted)** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net income | $**4.29** | $2.56 | 68 | $**15.17** | $14.53 | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment gains and losses, after-tax | **0.92** | (0.58) | nm | **7.22** | 6.95 | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-GAAP operating income\* | $**3.37** | $3.14 | 7 | $**7.95** | $7.58 | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;Book value |  |  |  | $**102.35** | $89.11 | 15 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash dividend declared | $**0.87** | $0.81 | 7 | $**3.48** | $3.24 | 7 |
| &nbsp;&nbsp;&nbsp;&nbsp;Diluted weighted average shares outstanding | **157.5** | 158.1 | 0 | **157.7** | 157.8 | 0 |

---

\*&nbsp;&nbsp;&nbsp;&nbsp;The Definitions of Non-GAAP Information and Reconciliation to Comparable GAAP Measures defines and reconciles measures presented in this release that are not based on U.S. Generally Accepted Accounting Principles.

&nbsp;&nbsp;&nbsp;&nbsp;Forward-looking statements and related assumptions are subject to the risks outlined in the company's safe harbor statement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CINF 4Q25 Release 1

------

**Insurance Operations Highlights**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 85.2% fourth-quarter 2025 property casualty combined ratio, up from 84.7% for the fourth quarter of 2024. Full-year 2025 property casualty combined ratio at 94.9%, with net written premiums up 9%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 5% growth in fourth-quarter 2025 net written premiums, including price increases, premium growth initiatives and a higher level of insured exposures.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• $331 million fourth-quarter 2025 property casualty new business written premiums. Agencies appointed since the beginning of 2024 contributed $33 million or 10% of total fourth-quarter new business written premiums.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• $31 million of fourth-quarter 2025 life insurance subsidiary net income and 3% growth in fourth-quarter 2025 term life insurance earned premiums. Full-year 2025 net income rose 16%.

**Investment and Balance Sheet Highlights** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 9% or $25 million increase in fourth-quarter 2025 pretax investment income, including a 10% increase in bond interest income.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 12% full-year increase in fair value of total investments at December 31, 2025, including a 12% increase for the bond portfolio and a 13% increase for the stock portfolio.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• $5.568 billion parent company cash and marketable securities at year-end 2025, up 7% from a year ago.

**Resiliency Led to Insurance Profitability** 

Stephen M. Spray, president and chief executive officer, commented: "After beginning the year with the worst catastrophe loss in our company's history, it took persistence and focus to record a 4% increase in full-year net income of $2.393 billion and $1.254 billion in full-year 2025 non-GAAP operating income – a 5% increase compared with 2024.

"For the fourth quarter, our insurance operations produced a combined ratio of 85.2% – one of our best fourth quarters in the last decade. On a full-year basis, our combined ratio of 94.9% is comfortably within our long-term annual average goal of 92% to 98% and marks 14 consecutive years of achieving an underwriting profit.

"Importantly, we continued seeing steady progress in our current accident year combined ratio before catastrophe losses. That measure improved 0.4 percentage points to 86.1% for 2025, even with the unfavorable effects of $52 million in reinsurance reinstatement premiums related to the California wildfires.

"Our life insurance subsidiary also contributed nicely, recording a 16% increase in net income to $106 million."

**Balancing Pricing Discipline and Growth**

"Total property casualty net written premiums increased 9% for the year, crossing $10 billion for the first time in our company's 75-year history. While new business written premiums slowed in total for the fourth quarter and the full year, our commercial business recorded 4% growth in standard and 17% growth in excess and surplus lines new business over the course of 2025.

"Looking ahead, we know that it will take continued pricing discipline and product innovation – supported by the ongoing appointment of new agencies – to keep up the profitable growth of our insurance business.

"Our 189 commercial lines field marketing representatives work closely with the agencies in their territories, developing a deep understanding of the market conditions unique to that community. Leaning on their colleagues in a variety of disciplines, including excess and surplus lines, management liability, life insurance and loss control – they can craft comprehensive risk management programs enhanced by the ease of doing business through the Cincinnati family of companies.

"We believe that our hallmarks of strong agency relationships and fast, fair and empathetic claims service, will continue to encourage appointed agents to place their high-quality business with Cincinnati Insurance."

**Record Book Value**

"At December 31, 2025, our book value per share climbed 15% from a year ago, to $102.35, bolstered by a 14% increase in net pretax investment income, reaching nearly $1.2 billion for the year.

"Consolidated cash and total investments reached more than $33 billion. Our ample capital allows us to execute our long-term strategies and, at the same time, continue to pay dividends to shareholders. Our value creation ratio for 2025, which considers the dividends we pay as well as the growth in book value, was 18.8%, ahead of our 10% to 13% average annual target for this measure."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CINF 4Q25 Release 2

------

**Insurance Operations Highlights**

**Consolidated Property Casualty Insurance Results**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| (Dollars in millions) | Three months ended December 31, | Three months ended December 31, | Three months ended December 31, | Twelve months ended December 31, | Twelve months ended December 31, | Twelve months ended December 31, |
|  | **2025** | 2024 | % Change | **2025** | 2024 | % Change |
| Earned premiums | $**2508** | $2284 | 10 | $**9653** | $8568 | 13 |
| Fee revenues | **3** | 3 | 0 | **14** | 12 | 17 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total revenues | **2511** | 2287 | 10 | **9667** | 8580 | 13 |
| Loss and loss expenses | **1397** | 1255 | 11 | **6335** | 5436 | 17 |
| Underwriting expenses | **736** | 680 | 8 | **2831** | 2564 | 10 |
| &nbsp;&nbsp;&nbsp;&nbsp;Underwriting profit | $**378** | $352 | 7 | $**501** | $580 | (14) |
| Ratios as a percent of earned premiums: |  |  | Pt. Change |  |  | Pt. Change |
| &nbsp;&nbsp;&nbsp;&nbsp; Loss and loss expenses | **55.7%** | 55.0% | 0.7 | **65.6%** | 63.5% | 2.1 |
| &nbsp;&nbsp;&nbsp;&nbsp; Underwriting expenses | **29.5** | 29.7 | (0.2) | **29.3** | 29.9 | (0.6) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Combined ratio | **85.2%** | 84.7% | 0.5 | **94.9%** | 93.4% | 1.5 |
|  |  |  | % Change |  |  | % Change |
| Agency renewal written premiums | $**1939** | $1759 | 10 | $**8023** | $7080 | 13 |
| Agency new business written premiums | **331** | 382 | (13) | **1474** | 1541 | (4) |
| Other written premiums | **91** | 102 | (11) | **585** | 622 | (6) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net written premiums | $**2361** | $2243 | 5 | $**10082** | $9243 | 9 |
| Ratios as a percent of earned premiums: |  |  | Pt. Change |  |  | Pt. Change |
| &nbsp;&nbsp;&nbsp;&nbsp; Current accident year before catastrophe losses | **55.3%** | 51.0% | 4.3 | **56.8%** | 56.6% | 0.2 |
| &nbsp;&nbsp;&nbsp;&nbsp; Current accident year catastrophe losses | **1.2** | 5.0 | (3.8) | **10.8** | 9.6 | 1.2 |
| &nbsp;&nbsp;&nbsp;&nbsp; Prior accident years before catastrophe losses | **(0.6)** | (0.0) | (0.6) | **(1.3)** | (1.6) | 0.3 |
| &nbsp;&nbsp;&nbsp;&nbsp; Prior accident years catastrophe losses | **(0.2)** | (1.0) | 0.8 | **(0.7)** | (1.1) | 0.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss and loss expense ratio | **55.7%** | 55.0% | 0.7 | **65.6%** | 63.5% | 2.1 |
| Current accident year combined ratio before <br> catastrophe losses | **84.8%** | 80.7% | 4.1 | **86.1%** | 86.5% | (0.4) |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 5% and 9% growth in fourth-quarter and full-year 2025 property casualty net written premiums, reflecting price increases, premium growth initiatives and a higher level of insured exposures. The contribution to growth from Cincinnati Re<sup>®</sup> and Cincinnati Global Underwriting Ltd.<sup>SM</sup> in total was less than 1 percentage point for both the fourth-quarter and full-year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 13% and 4% decrease in fourth-quarter and full-year 2025 new business premiums written by agencies, compared with a year ago. The full-year decrease included an $87 million increase in standard market property casualty production from agencies appointed since the beginning of 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 420 new agency appointments in full-year 2025, including 71 that market only our personal lines products.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 0.5 percentage-point fourth-quarter 2025 combined ratio increase, compared with 2024, including a decrease of 3.0 points for losses from catastrophes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 1.5 percentage-point full-year 2025 combined ratio increase, including an increase of 1.6 points for losses from catastrophes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 0.4 percentage-point improvement in full-year 2025 current accident year combined ratio before catastrophe losses, including an unfavorable 0.5 points for the net effect of $52 million for reinsurance treaty reinstatement premiums related to the January 2025 wildfires in southern California.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 0.8 and 2.0 percentage-point fourth-quarter and full-year 2025 benefit from favorable prior accident year reserve development of $20 million and $196 million, compared with 1.0 points or $25 million for fourth-quarter 2024 and 2.7 points or $236 million of favorable development for full-year 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 0.2 percentage-point increase, to 56.8%, for the full-year 2025 ratio of current accident year losses and loss expenses before catastrophes, including an increase of 1.4 points for the portion estimated as reserves for claims incurred but not reported (IBNR) and a decrease of 1.2 points for the case incurred portion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 0.6 percentage-point decrease in full-year 2025 underwriting expense ratio, compared with the same period of 2024, primarily due to growth in earned premiums outpacing growth in various expenses.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CINF 4Q25 Release 3

------

**Commercial Lines Insurance Results**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| (Dollars in millions) | Three months ended December 31, | Three months ended December 31, | Three months ended December 31, | Twelve months ended December 31, | Twelve months ended December 31, | Twelve months ended December 31, |
|  | **2025** | 2024 | % Change | **2025** | 2024 | % Change |
| Earned premiums | $**1243** | $1160 | 7 | $**4863** | $4486 | 8 |
| Fee revenues | **1** | 1 | 0 | **5** | 4 | 25 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total revenues | **1244** | 1161 | 7 | **4868** | 4490 | 8 |
| Loss and loss expenses | **721** | 624 | 16 | **2970** | 2795 | 6 |
| Underwriting expenses | **379** | 356 | 6 | **1459** | 1384 | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;Underwriting profit | $**144** | $181 | (20) | $**439** | $311 | 41 |
| Ratios as a percent of earned premiums: |  |  | Pt. Change |  |  | Pt. Change |
| &nbsp;&nbsp;&nbsp;&nbsp; Loss and loss expenses | **57.9%** | 53.8% | 4.1 | **61.1%** | 62.3% | (1.2) |
| &nbsp;&nbsp;&nbsp;&nbsp; Underwriting expenses | **30.5** | 30.7 | (0.2) | **30.0** | 30.9 | (0.9) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Combined ratio | **88.4%** | 84.5% | 3.9 | **91.1%** | 93.2% | (2.1) |
|  |  |  | % Change |  |  | % Change |
| Agency renewal written premiums | $**1039** | $1001 | 4 | $**4350** | $4087 | 6 |
| Agency new business written premiums | **180** | 179 | 1 | **768** | 741 | 4 |
| Other written premiums | **(34)** | (37) | 8 | **(120)** | (138) | 13 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net written premiums | $**1185** | $1143 | 4 | $**4998** | $4690 | 7 |
| Ratios as a percent of earned premiums: |  |  | Pt. Change |  |  | Pt. Change |
| &nbsp;&nbsp;&nbsp;&nbsp; Current accident year before catastrophe losses | **59.6%** | 53.8% | 5.8 | **59.9%** | 59.3% | 0.6 |
| &nbsp;&nbsp;&nbsp;&nbsp; Current accident year catastrophe losses | **0.5** | 1.8 | (1.3) | **3.9** | 6.1 | (2.2) |
| &nbsp;&nbsp;&nbsp;&nbsp; Prior accident years before catastrophe losses | **(2.3)** | (0.9) | (1.4) | **(2.3)** | (2.4) | 0.1 |
| &nbsp;&nbsp;&nbsp;&nbsp; Prior accident years catastrophe losses | **0.1** | (0.9) | 1.0 | **(0.4)** | (0.7) | 0.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss and loss expense ratio | **57.9%** | 53.8% | 4.1 | **61.1%** | 62.3% | (1.2) |
| Current accident year combined ratio before <br> catastrophe losses | **90.1%** | 84.5% | 5.6 | **89.9%** | 90.2% | (0.3) |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 4% and 7% growth in fourth-quarter and full-year 2025 commercial lines net written premiums, primarily due to higher agency renewal written premiums. Fourth-quarter and full-year 2025 commercial lines average renewal pricing increased in the mid-single-digit percent range.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 1% and 4% increase in fourth-quarter and full-year 2025 new business written premiums, as we continue to carefully underwrite each policy in a highly competitive market.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 3.9 percentage-point fourth-quarter 2025 combined ratio increase, compared with 2024, including a decrease of 0.3 points for losses from catastrophes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 2.1 percentage-point full-year 2025 combined ratio improvement, including a decrease of 1.9 points for losses from catastrophes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 2.2 and 2.7 percentage-point fourth-quarter and full-year 2025 benefit from favorable prior accident year reserve development of $27 million and $130 million, compared with 1.8 points or $21 million for fourth-quarter 2024 and 3.1 points or $138 million of favorable development for full-year 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 0.6 percentage-point increase, to 59.9%, for the full-year 2025 ratio of current accident year losses and loss expenses before catastrophes, including an increase of 0.6 points in the ratio for current accident year losses of $2 million or more per claim.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CINF 4Q25 Release 4

------

**Personal Lines Insurance Results**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| (Dollars in millions) | Three months ended December 31, | Three months ended December 31, | Three months ended December 31, | Twelve months ended December 31, | Twelve months ended December 31, | Twelve months ended December 31, |
|  | **2025** | 2024 | % Change | **2025** | 2024 | % Change |
| Earned premiums | $**859** | $726 | 18 | $**3199** | $2623 | 22 |
| Fee revenues | **1** | 1 | 0 | **5** | 5 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total revenues | **860** | 727 | 18 | **3204** | 2628 | 22 |
| Loss and loss expenses | **468** | 374 | 25 | **2419** | 1795 | 35 |
| Underwriting expenses | **231** | 208 | 11 | **896** | 762 | 18 |
| &nbsp;&nbsp;&nbsp;&nbsp;Underwriting profit (loss) | $**161** | $145 | 11 | $**(111)** | $71 | nm |
| Ratios as a percent of earned premiums: |  |  | Pt. Change |  |  | Pt. Change |
| &nbsp;&nbsp;&nbsp;&nbsp; Loss and loss expenses | **54.6%** | 51.5% | 3.1 | **75.6%** | 68.5% | 7.1 |
| &nbsp;&nbsp;&nbsp;&nbsp; Underwriting expenses | **26.9** | 28.7 | (1.8) | **28.0** | 29.0 | (1.0) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Combined ratio | **81.5%** | 80.2% | 1.3 | **103.6%** | 97.5% | 6.1 |
|  |  |  | % Change |  |  | % Change |
| Agency renewal written premiums | $**764** | $625 | 22 | $**3128** | $2495 | 25 |
| Agency new business written premiums | **92** | 154 | (40) | **476** | 604 | (21) |
| Other written premiums | **(29)** | (26) | (12) | **(174)** | (100) | (74) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net written premiums | $**827** | $753 | 10 | $**3430** | $2999 | 14 |
| Ratios as a percent of earned premiums: |  |  | Pt. Change |  |  | Pt. Change |
| &nbsp;&nbsp;&nbsp;&nbsp; Current accident year before catastrophe losses | **50.7%** | 49.7% | 1.0 | **53.6%** | 53.9% | (0.3) |
| &nbsp;&nbsp;&nbsp;&nbsp; Current accident year catastrophe losses | **1.7** | 1.8 | (0.1) | **22.2** | 15.6 | 6.6 |
| &nbsp;&nbsp;&nbsp;&nbsp; Prior accident years before catastrophe losses | **2.6** | 1.6 | 1.0 | **1.0** | 0.7 | 0.3 |
| &nbsp;&nbsp;&nbsp;&nbsp; Prior accident years catastrophe losses | **(0.4)** | (1.6) | 1.2 | **(1.2)** | (1.7) | 0.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss and loss expense ratio | **54.6%** | 51.5% | 3.1 | **75.6%** | 68.5% | 7.1 |
| Current accident year combined ratio before <br> catastrophe losses | **77.6%** | 78.4% | (0.8) | **81.6%** | 82.9% | (1.3) |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 10% and 14% growth in fourth-quarter and full-year 2025 personal lines net written premiums, including higher renewal written premiums that benefited from rate increases in the high-single-digit percent range.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 40% and 21% decrease in fourth-quarter and full-year 2025 new business premiums written by agencies, as we continue to carefully underwrite each policy in a highly competitive market. The fourth quarter decrease included $8 million for California.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 1.3 percentage-point fourth-quarter 2025 combined ratio increase, compared with 2024, including an increase of 1.1 points for losses from catastrophes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 6.1 percentage-point full-year 2025 combined ratio increase, including an increase of 7.1 points for losses from catastrophes and an increase in the underwriting expense ratio of 0.5 points for the effect of reinstatement premiums.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• $20 million of fourth-quarter 2025 unfavorable prior accident year reserve development, primarily from personal umbrella claims, compared with less than $1 million for fourth-quarter 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 0.2 percentage-point full-year 2025 benefit from favorable prior accident year reserve development of $4 million, compared to 1.0 points or $26 million for full-year 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 0.3 percentage-point improvement, to 53.6%, for the full-year 2025 ratio of current accident year losses and loss expenses before catastrophes, including an increase of 0.5 points in the ratio for current accident year losses of $2 million or more per claim.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CINF 4Q25 Release 5

------

**Excess and Surplus Lines Insurance Results**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| (Dollars in millions) | Three months ended December 31, | Three months ended December 31, | Three months ended December 31, | Twelve months ended December 31, | Twelve months ended December 31, | Twelve months ended December 31, |
|  | **2025** | 2024 | % Change | **2025** | 2024 | % Change |
| Earned premiums | $**188** | $168 | 12 | $**698** | $615 | 13 |
| Fee revenues | **1** | 1 | 0 | **4** | 3 | 33 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total revenues | **189** | 169 | 12 | **702** | 618 | 14 |
| Loss and loss expenses | **108** | 112 | (4) | **425** | 411 | 3 |
| Underwriting expenses | **51** | 45 | 13 | **192** | 167 | 15 |
| &nbsp;&nbsp;&nbsp;&nbsp;Underwriting profit | $**30** | $12 | 150 | $**85** | $40 | 113 |
| Ratios as a percent of earned premiums: |  |  | Pt. Change |  |  | Pt. Change |
| &nbsp;&nbsp;&nbsp;&nbsp; Loss and loss expenses | **57.5%** | 66.5% | (9.0) | **60.9%** | 66.9% | (6.0) |
| &nbsp;&nbsp;&nbsp;&nbsp; Underwriting expenses | **27.2** | 26.6 | 0.6 | **27.5** | 27.1 | 0.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Combined ratio | **84.7%** | 93.1% | (8.4) | **88.4%** | 94.0% | (5.6) |
|  |  |  | % Change |  |  | % Change |
| Agency renewal written premiums | $**136** | $133 | 2 | $**545** | $498 | 9 |
| Agency new business written premiums | **59** | 49 | 20 | **230** | 196 | 17 |
| Other written premiums | **(11)** | (11) | 0 | **(46)** | (40) | (15) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net written premiums | $**184** | $171 | 8 | $**729** | $654 | 11 |
| Ratios as a percent of earned premiums: |  |  | Pt. Change |  |  | Pt. Change |
| &nbsp;&nbsp;&nbsp;&nbsp; Current accident year before catastrophe losses | **58.4%** | 63.1% | (4.7) | **63.1%** | 64.2% | (1.1) |
| &nbsp;&nbsp;&nbsp;&nbsp; Current accident year catastrophe losses | **(0.4)** | 1.0 | (1.4) | **0.5** | 1.3 | (0.8) |
| &nbsp;&nbsp;&nbsp;&nbsp; Prior accident years before catastrophe losses | **(0.3)** | 2.3 | (2.6) | **(2.5)** | 1.4 | (3.9) |
| &nbsp;&nbsp;&nbsp;&nbsp; Prior accident years catastrophe losses | **(0.2)** | 0.1 | (0.3) | **(0.2)** | 0.0 | (0.2) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss and loss expense ratio | **57.5%** | 66.5% | (9.0) | **60.9%** | 66.9% | (6.0) |
| Current accident year combined ratio before<br> catastrophe losses | **85.6%** | 89.7% | (4.1) | **90.6%** | 91.3% | (0.7) |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 8% and 11% growth in fourth-quarter and full-year 2025 excess and surplus lines net written premiums, including fourth-quarter 2025 renewal price increases averaging in the mid-single-digit percent range.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 20% and 17% increase in fourth-quarter and full-year 2025 new business premiums written by agencies, as we continue to carefully underwrite each policy in a highly competitive market.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 8.4 percentage-point fourth-quarter 2025 combined ratio improvement, primarily due to a decrease of 4.7 points from current accident year loss and loss expenses before catastrophes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 5.6 percentage-point full-year 2025 combined ratio improvement, primarily due to a decrease of 3.9 points from prior accident year loss and loss expenses before catastrophes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 0.5 percentage-point fourth-quarter 2025 favorable prior accident year reserve development of $1 million, compared with unfavorable 2.4 points or $3 million for fourth-quarter 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 2.7 percentage-point full-year 2025 favorable prior accident year reserve development of $19 million, compared with unfavorable development of 1.4 points or $8 million for full-year 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 1.1 percentage-point improvement, to 63.1%, for the full-year 2025 ratio of current accident year losses and loss expenses before catastrophes, including a decrease of 0.4 points in the ratio for current accident year losses of $2 million or more per claim.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CINF 4Q25 Release 6

------

**Life Insurance Subsidiary Results**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| (Dollars in millions) | Three months ended December 31, | Three months ended December 31, | Three months ended December 31, | Twelve months ended December 31, | Twelve months ended December 31, | Twelve months ended December 31, |
| (Dollars in millions) | **2025** | 2024 | % Change | **2025** | 2024 | % Change |
| Term life insurance | $**61** | $59 | 3 | $**240** | $233 | 3 |
| Whole life insurance | **14** | 13 | 8 | **54** | 52 | 4 |
| Universal life and other | **9** | 9 | 0 | **36** | 36 | 0 |
| &nbsp;&nbsp;&nbsp;Earned premiums | **84** | 81 | 4 | **330** | 321 | 3 |
| Investment income, net of expenses | **51** | 48 | 6 | **202** | 190 | 6 |
| Investment gains and losses, net | **—** | 2 | (100) | **(6)** | (7) | 14 |
| Fee revenues | **2** | 1 | 100 | **6** | 5 | 20 |
| &nbsp;&nbsp;&nbsp;Total revenues | **137** | 132 | 4 | **532** | 509 | 5 |
| Contract holders' benefits incurred | **75** | 75 | 0 | **305** | 301 | 1 |
| Underwriting expenses incurred | **23** | 23 | 0 | **93** | 93 | 0 |
| &nbsp;&nbsp;&nbsp;Total benefits and expenses | **98** | 98 | 0 | **398** | 394 | 1 |
| Net income before income tax | **39** | 34 | 15 | **134** | 115 | 17 |
| Income tax | **8** | 6 | 33 | **28** | 24 | 17 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net income of the life insurance subsidiary | $**31** | $28 | 11 | $**106** | $91 | 16 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• $9 million or 3% increase in full-year 2025 earned premiums, including a 3% increase for term life insurance, our largest life insurance product line.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• $15 million or 16% increase in full-year 2025 life insurance subsidiary net income, primarily due to increases in investment income and earned premiums.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• $160 million or 12% full-year 2025 increase to $1.467 billion in GAAP shareholders' equity for The Cincinnati Life Insurance Company, primarily from net income and a decrease in unrealized investment losses on fixed-maturity securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CINF 4Q25 Release 7

------

**Investment and Balance Sheet Highlights**

**Investments Results**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| (Dollars in millions) | Three months ended December 31, | Three months ended December 31, | Three months ended December 31, | Twelve months ended December 31, | Twelve months ended December 31, | Twelve months ended December 31, |
| (Dollars in millions) | **2025** | 2024 | % Change | **2025** | 2024 | % Change |
| Investment income, net of expenses | $**305** | $280 | 9 | $**1165** | $1025 | 14 |
| Investment interest credited to contract holders | **(32)** | (31) | (3) | **(127)** | (125) | (2) |
| Investment gains and losses, net | **183** | (116) | nm | **1442** | 1391 | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments profit | $**456** | $133 | 243 | $**2480** | $2291 | 8 |
| Investment income: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest | $**224** | $204 | 10 | $**875** | $733 | 19 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dividends | **74** | 74 | 0 | **280** | 283 | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | **11** | 7 | 57 | **27** | 25 | 8 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less investment expenses | **4** | 5 | (20) | **17** | 16 | 6 |
| &nbsp;&nbsp;&nbsp;&nbsp; Investment income, pretax | **305** | 280 | 9 | **1165** | 1025 | 14 |
| &nbsp;&nbsp;&nbsp;&nbsp; Less income taxes | **52** | 47 | 11 | **200** | 172 | 16 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total investment income, after-tax | $**253** | $233 | 9 | $**965** | $853 | 13 |
| Investment returns: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Average invested assets plus cash and cash <br> equivalents | $**33086** | $29987 |  | $**31655** | $28374 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Average yield pretax | **3.69%** | 3.73% |  | **3.68%** | 3.61% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Average yield after-tax | **3.06** | 3.11 |  | **3.05** | 3.01 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Effective tax rate | **17.2** | 17.0 |  | **17.2** | 16.8 |  |
| Fixed-maturity returns: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Average amortized cost | $**18224** | $16554 |  | $**17743** | $15697 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Average yield pretax | **4.92%** | 4.93% |  | **4.93%** | 4.67% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Average yield after-tax | **4.02** | 4.03 |  | **4.02** | 3.83 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Effective tax rate | **18.3** | 18.3 |  | **18.4** | 18.0 |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• $25 million or 9% rise in fourth-quarter 2025 pretax investment income, primarily due to a 10% increase in interest income from fixed-maturity securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• $219 million in fourth-quarter and $1.814 billion in full-year 2025 pretax total investment gains, summarized in the table below. Changes in unrealized gains or losses reported in other comprehensive income, in addition to investment gains and losses reported in net income, are useful for evaluating total investment performance over time and are major components of changes in book value and the value creation ratio.

---

| | | | | |
|:---|:---|:---|:---|:---|
| (Dollars in millions) | Three months ended December 31, | Three months ended December 31, | Twelve months ended December 31, | Twelve months ended December 31, |
| (Dollars in millions) | **2025** | 2024 | **2025** | 2024 |
| Investment gains and losses on equity securities sold, net | $**(2)** | $— | $**(13)** | $181 |
| Unrealized gains and losses on equity securities still held, net | **183** | (136) | **1448** | 1275 |
| Investment gains and losses on fixed-maturity securities, net | **(12)** | (2) | **(25)** | (116) |
| Other | **14** | 22 | **32** | 51 |
| Subtotal - investment gains and losses reported in net income | **183** | (116) | **1442** | 1391 |
| Change in unrealized investment gains and losses - fixed maturities | **36** | (350) | **372** | 17 |
| &nbsp;&nbsp;&nbsp;Total | $**219** | $(466) | $**1814** | $1408 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CINF 4Q25 Release 8

------

**Balance Sheet Highlights**

---

| | | |
|:---|:---|:---|
| (Dollars in millions except share data) | **At December 31,** | At December 31, |
| (Dollars in millions except share data) | **2025** | 2024 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total investments | $**31783** | $28378 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total assets | **41002** | 36501 |
| &nbsp;&nbsp;&nbsp;&nbsp;Short-term debt | **25** | 25 |
| &nbsp;&nbsp;&nbsp;&nbsp;Long-term debt | **790** | 790 |
| &nbsp;&nbsp;&nbsp;&nbsp;Shareholders' equity | **15911** | 13935 |
| &nbsp;&nbsp;&nbsp;&nbsp;Book value per share | **102.35** | 89.11 |
| &nbsp;&nbsp;&nbsp;&nbsp;Debt-to-total-capital ratio | **4.9%** | 5.5% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• $33.214 billion in consolidated cash and invested assets at December 31, 2025, an increase of 13% from $29.361 billion at year-end 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• $18.123 billion bond portfolio at December 31, 2025, with an average rating of A2/A. Fair value increased $493 million during the fourth quarter of 2025, including $667 million in net purchases of fixed-maturity securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• $12.694 billion equity portfolio was 39.9% of total investments, including $8.539 billion in appreciated value before taxes at December 31, 2025. Fair value increased $147 million during the fourth quarter of 2025, including $44 million in net sales of equity securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• $400 million unsecured revolving credit agreement established during fourth-quarter 2025, enhancing financial flexibility and financial strength.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• $3.59 fourth-quarter 2025 increase in book value per share, including an addition of $3.42 from net income before investment gains and $1.04 from investment portfolio net investment losses or changes in unrealized gains for fixed-maturity securities that were partially offset by $0.87 from dividends declared to shareholders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Value creation ratio of 18.8% for full-year 2025, including 9.1% from net income before investment gains, which includes underwriting and investment income, 10.2% from investment portfolio net investment gains or changes in unrealized gains for fixed-maturity securities, including 8.2% from our stock portfolio and 2.0% from our bond portfolio, partially offset by 0.5% from other items.

For additional information or to register for our conference call webcast, please visit *investors.cinfin.com*.

**About Cincinnati Financial**

Cincinnati Financial Corporation offers primarily business, home and auto insurance through The Cincinnati Insurance Company and its two standard market property casualty companies. The same local independent insurance agencies that market those policies may offer products of our other subsidiaries, including life insurance, fixed annuities and surplus lines property and casualty insurance. For additional information about the company, please visit *cinfin.com*.

Mailing Address:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Street Address:

P.O. Box 145496&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6200 South Gilmore Road

Cincinnati, Ohio 45250-5496&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fairfield, Ohio 45014-5141

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CINF 4Q25 Release 9

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**Safe Harbor Statement**

Our business is subject to certain risks and uncertainties that may cause actual results to differ materially from those suggested by forward-looking statements. Any forward-looking statements contained herein, are based upon our current estimates, assumptions and plans that are subject to uncertainty. These statements are made subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words like "seek," "expect," "will," "should," "could," "might," "anticipate," "believe," "estimate," "intend," "likely," "future," or other similar expressions. Forward-looking statements speak only as of the date they were made; we assume no obligation to update such statements. Factors that could cause actual results to differ materially from those expressed in, or implied by, the forward-looking statements include, but are not limited to:

**Insurance-Related Risks**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Risks and uncertainties associated with our loss reserves or actual claim costs exceeding reserves

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Increased frequency and/or severity of claims or development of claims that are unforeseen at the time of policy issuance

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Unusually high levels of catastrophe losses due to risk concentrations or changes in weather patterns, environmental events, war or political unrest, terrorism incidents, cyberattacks, civil unrest or other causes; and our ability to manage catastrophe risk

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Risks associated with analytical models in key areas such as underwriting, pricing, capital management, reserving, investments, reinsurance, and catastrophe risk management

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Inadequate estimates or assumptions, or reliance on third-party data used for critical accounting estimates

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Mergers, acquisitions, and other consolidations of agencies that result in a concentration of a significant amount of premium in one agency or agency group and/or alter our competitive advantages

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Our inability to manage business opportunities, growth prospects, and expenses for our ongoing operations

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Changing consumer insurance-buying habits

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The inability to obtain adequate ceded reinsurance on acceptable terms, for acceptable amounts, and from financially strong reinsurers; and the potential for nonpayment or delay in payment by reinsurers

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Domestic and global events, such as the wars in Ukraine and in the Middle East, future pandemics, inflationary trends, changes in U.S. trade and tariff policy, and disruptions in the banking and financial services industry, resulting in insurance losses, capital market or credit market uncertainty, followed by prolonged periods of economic instability or recession, that lead to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ 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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Significant or prolonged decline in the fair value of securities and impairment of the assets

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Significant decline in investment income due to reduced or eliminated dividend payouts from securities

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Significant rise in losses from surety or director and officer policies written for financial institutions or other insured entities or in losses from policies written by Cincinnati Re or Cincinnati Global

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ An unusually high level of claims in our insurance or reinsurance operations that increase litigation-related expenses

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ 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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ The inability of our workforce, agencies, or vendors to perform necessary business functions

**Financial, Economic, and Investment Risks** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Declines in overall stock market values negatively affecting our equity portfolio and book value

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Downgrades in our financial strength ratings

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Interest rate fluctuations or other factors that could significantly affect:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Our ability to generate growth in investment income

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Values of our fixed-maturity investments and accounts in which we hold bank-owned life insurance contract assets

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Our traditional life policy reserves

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Economic volatility and illiquidity associated with our alternative investments in private equity, private credit, real property, and limited partnerships

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CINF 4Q25 Release 10

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Failure to comply with covenants and other requirements under our credit facilities, senior debt, and other debt obligations

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Recession, prolonged elevated inflation, or other economic conditions resulting in lower demand for insurance products or increased payment delinquencies

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The inability of our subsidiaries to pay dividends consistent with current or past levels impacting our ability to pay shareholder dividends or repurchase shares

**General Business, Technology, and Operational Risks** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Ineffective information technology systems or failing to develop and implement improvements in technology

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Difficulties with technology or data security breaches, including cyberattacks, could negatively affect our, or our agents', ability to conduct business; disrupt our relationships with agents, policyholders, and others; cause reputational damage, mitigation expenses, data loss, and expose us to liability

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Difficulties with our operations and technology that may negatively impact our ability to conduct business, including cloud-based data information storage, data security, remote working capabilities, and/or outsourcing relationships and third-party operations and data security

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Disruption of the insurance market caused by technology innovations such as driverless cars that could decrease consumer demand for insurance products

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Delays, inadequate data developed internally or from third parties, or performance inadequacies from ongoing development and implementation of underwriting and pricing models and methods, including usage-based insurance methods, automation, artificial intelligence, or technology projects and enhancements expected to increase our efficiency, pricing accuracy, underwriting profit, and competitiveness

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Intense competition, and the impact of innovation, emerging technologies, artificial intelligence and changing customer preferences on the insurance industry and the markets in which we operate, could harm our ability to maintain or increase our business volumes and profitability

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Inability to defer policy acquisition costs for any business segment if pricing and loss trends would lead management to conclude that the segment could not achieve sustainable profitability

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Unforeseen departure of certain executive officers or other key employees that could interrupt progress toward important strategic goals or diminish the effectiveness of certain longstanding relationships with insurance agents and others

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Our inability, or the inability of our independent agents, to attract and retain personnel

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Events, such as a pandemic, an epidemic, natural catastrophe, or terrorism, which could hamper our ability to assemble our workforce, work effectively in a remote environment, or other failures of business continuity or disaster recovery programs

**Regulatory, Compliance, and Legal Risks** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Impose new obligations on us that increase our expenses or change the assumptions underlying our critical accounting estimates

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Place the insurance industry under greater regulatory scrutiny or result in new statutes, rules, and regulations

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Restrict our ability to exit or reduce writings of unprofitable coverages or lines of business

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Increase 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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Increase our provision for federal income taxes due to changes in tax laws, regulations, or interpretations

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Increase other expenses

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Limit our ability to set fair, adequate, and reasonable rates

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Restrict our ability to cancel policies

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Impose new underwriting standards

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Place us at a disadvantage in the marketplace

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Restrict our ability to execute our business model, including the way we compensate agents

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CINF 4Q25 Release 11

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Adverse outcomes from litigation, environmental claims, mass torts or administrative proceedings, including effects of social inflation and third-party litigation funding on the size and frequency of litigation awards

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Events or actions, including unauthorized intentional circumvention of controls, which reduce our future ability to maintain effective internal control over financial reporting under the Sarbanes-Oxley Act of 2002

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Effects of changing social, global, economic, and regulatory environments

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Additional measures affecting corporate financial reporting and governance that can affect the market value of our common stock

Risks and uncertainties are further discussed in other filings with the Securities and Exchange Commission, including our 2024 Annual Report on Form 10-K, Item 1A, Risk Factors, Page 30.

\* \* \*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CINF 4Q25 Release 12

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**Cincinnati Financial Corporation** 

**Condensed Consolidated Balance Sheets (unaudited)** 

---

| | | |
|:---|:---|:---|
| (Dollars in millions except per share data) | **December 31,** | December 31, |
|  | **2025** | 2024 |
| **Assets** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Investments |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Fixed maturities, at fair value (amortized cost: 2025—$18,304; 2024—$16,735) | $**18123** | $16182 |
| &nbsp;&nbsp;&nbsp;&nbsp;Equity securities, at fair value (cost: 2025—$4,155; 2024—$3,953) | **12694** | 11185 |
| &nbsp;&nbsp;&nbsp;&nbsp;Short-term investments, at fair value (amortized cost: 2025—$148; 2024—$298) | **148** | 298 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other invested assets | **818** | 713 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total investments | **31783** | 28378 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents | **1431** | 983 |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment income receivable | **235** | 222 |
| &nbsp;&nbsp;&nbsp;&nbsp;Finance receivable | **146** | 120 |
| &nbsp;&nbsp;&nbsp;&nbsp;Premiums receivable | **3142** | 2969 |
| &nbsp;&nbsp;&nbsp;&nbsp;Reinsurance recoverable | **655** | 523 |
| &nbsp;&nbsp;&nbsp;&nbsp;Prepaid reinsurance premiums | **71** | 70 |
| &nbsp;&nbsp;&nbsp;&nbsp;Deferred policy acquisition costs | **1344** | 1242 |
| &nbsp;&nbsp;&nbsp;&nbsp;Land, building and equipment, net, for company use (accumulated depreciation:<br>&nbsp;&nbsp;&nbsp;&nbsp; 2025—$367; 2024—$347) | **219** | 214 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other assets | **995** | 828 |
| &nbsp;&nbsp;&nbsp;&nbsp;Separate accounts | **981** | 952 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $**41002** | $36501 |
| **Liabilities** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Insurance reserves |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss and loss expense reserves | $**11507** | $10003 |
| &nbsp;&nbsp;&nbsp;&nbsp;Life policy and investment contract reserves | **2992** | 2960 |
| &nbsp;&nbsp;&nbsp;&nbsp;Unearned premiums | **5254** | 4813 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other liabilities | **1638** | 1487 |
| &nbsp;&nbsp;&nbsp;&nbsp;Deferred income tax | **1833** | 1476 |
| &nbsp;&nbsp;&nbsp;&nbsp;Note payable | **25** | 25 |
| &nbsp;&nbsp;&nbsp;&nbsp;Long-term debt and lease obligations | **861** | 850 |
| &nbsp;&nbsp;&nbsp;&nbsp;Separate accounts | **981** | 952 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | **25091** | 22566 |
| **Shareholders' Equity** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common stock, par value—$2 per share; (authorized: 2025 and 2024—500 million shares;<br>&nbsp;&nbsp;&nbsp;&nbsp;issued: 2025 and 2024—198.3 million shares) | **397** | 397 |
| &nbsp;&nbsp;&nbsp;Paid-in capital | **1561** | 1502 |
| &nbsp;&nbsp;&nbsp;Retained earnings | **16719** | 14869 |
| &nbsp;&nbsp;&nbsp;Accumulated other comprehensive loss | **(34)** | (309) |
| &nbsp;&nbsp;&nbsp;Treasury stock at cost (2025—42.9 million shares and 2024—41.9 million shares) | **(2732)** | (2524) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total shareholders' equity | **15911** | 13935 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and shareholders' equity | $**41002** | $36501 |

---

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**Cincinnati Financial Corporation** 

**Condensed Consolidated Statements of Income (unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| (Dollars in millions except per share data) | Three months ended December 31, | Three months ended December 31, | Twelve months ended December 31, | Twelve months ended December 31, |
|  | **2025** | 2024 | **2025** | 2024 |
| **Revenues** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Earned premiums | $**2592** | $2365 | $**9983** | $8889 |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment income, net of expenses | **305** | 280 | **1165** | 1025 |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment gains and losses, net | **183** | (116) | **1442** | 1391 |
| &nbsp;&nbsp;&nbsp;&nbsp;Fee revenues | **5** | 4 | **20** | 17 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other revenues | **6** | 5 | **21** | 15 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total revenues | **3091** | 2538 | **12631** | 11337 |
| **Benefits and Expenses** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Insurance losses and contract holders' benefits | **1472** | 1330 | **6640** | 5737 |
| &nbsp;&nbsp;&nbsp;&nbsp;Underwriting, acquisition and insurance expenses | **759** | 703 | **2924** | 2657 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest expense | **13** | 13 | **53** | 53 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other operating expenses | **7** | 13 | **34** | 32 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total benefits and expenses | **2251** | 2059 | **9651** | 8479 |
| **Income Before Income Taxes** | **840** | 479 | **2980** | 2858 |
| **Provision (Benefit) for Income Taxes** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Current | **137** | 156 | **304** | 449 |
| &nbsp;&nbsp;&nbsp;&nbsp;Deferred | **27** | (82) | **283** | 117 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total provision for income taxes | **164** | 74 | **587** | 566 |
| **Net Income** | $**676** | $405 | $**2393** | $2292 |
| **Per Common Share** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net income—basic | $**4.34** | $2.59 | $**15.32** | $14.65 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net income—diluted | **4.29** | 2.56 | **15.17** | 14.53 |

---

**Definitions of Non-GAAP Information and Reconciliation to Comparable GAAP Measures**

(See attached tables for reconciliations; additional prior-period reconciliations available at *investors.cinfin.com*.)

Cincinnati Financial Corporation prepares its public financial statements in conformity with accounting principles generally accepted in the United States of America (GAAP). Statutory data is prepared in accordance with statutory accounting rules for insurance company regulation in the United States of America as defined by the National Association of Insurance Commissioners' (NAIC) Accounting Practices and Procedures Manual, and therefore is not reconciled to GAAP data.

Management uses certain non-GAAP financial measures to evaluate its primary business areas – property casualty insurance, life insurance and investments. Management uses these measures when analyzing both GAAP and non-GAAP results to improve its understanding of trends in the underlying business and to help avoid incorrect or misleading assumptions and conclusions about the success or failure of company strategies. Management adjustments to GAAP measures generally: apply to non-recurring events that are unrelated to business performance and distort short-term results; involve values that fluctuate based on events outside of management's control; supplement reporting segment disclosures with disclosures for a subsidiary company or for a combination of subsidiaries or reporting segments; or relate to accounting refinements that affect comparability between periods, creating a need to analyze data on the same basis.

• 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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CINF 4Q25 Release 14

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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.

For these reasons, many investors and shareholders consider non-GAAP operating income to be one of the more meaningful measures for evaluating insurance company performance. Equity analysts who report on the insurance industry and the company generally focus on this metric in their analyses. The company presents non-GAAP operating income so that all investors have what management believes to be a useful supplement to GAAP information.

• &nbsp;&nbsp;&nbsp;&nbsp;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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CINF 4Q25 Release 15

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**Cincinnati Financial Corporation**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Net Income Reconciliation** | **Net Income Reconciliation** | **Net Income Reconciliation** | **Net Income Reconciliation** | **Net Income Reconciliation** |
| (Dollars in millions except per share data) | Three months ended December 31, | Three months ended December 31, | Twelve months ended December 31, | Twelve months ended December 31, |
|  | **2025** | 2024 | **2025** | 2024 |
| Net income | $**676** | $405 | $**2393** | $2292 |
| Less: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment gains and losses, net | **183** | (116) | **1442** | 1391 |
| &nbsp;&nbsp;&nbsp;&nbsp;Income tax on investment gains and losses | **(38)** | 24 | **(303)** | (296) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment gains and losses, after-tax | **145** | (92) | **1139** | 1095 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-GAAP operating income | $**531** | $497 | $**1254** | $1197 |
| Diluted per share data: |  |  |  |  |
| Net income | $**4.29** | $2.56 | $**15.17** | $14.53 |
| Less: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment gains and losses, net | **1.16** | (0.73) | **9.14** | 8.82 |
| &nbsp;&nbsp;&nbsp;&nbsp;Income tax on investment gains and losses | **(0.24)** | 0.15 | **(1.92)** | (1.87) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment gains and losses, after-tax | **0.92** | (0.58) | **7.22** | 6.95 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-GAAP operating income | $**3.37** | $3.14 | $**7.95** | $7.58 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Life Insurance Reconciliation** | **Life Insurance Reconciliation** | **Life Insurance Reconciliation** | **Life Insurance Reconciliation** | **Life Insurance Reconciliation** |
| (Dollars in millions) | Three months ended December 31, | Three months ended December 31, | Twelve months ended December 31, | Twelve months ended December 31, |
|  | **2025** | 2024 | **2025** | 2024 |
| &nbsp;&nbsp;&nbsp;Net income of life insurance subsidiary | $**31** | $28 | $**106** | $91 |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment gains and losses, net | **—** | 2 | **(6)** | (7) |
| &nbsp;&nbsp;&nbsp;&nbsp;Income tax on investment gains and losses | **—** | 1 | **(1)** | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-GAAP operating income | **31** | 27 | **111** | 97 |
| &nbsp;&nbsp;&nbsp;Investment income, net of expenses | **(51)** | (48) | **(202)** | (190) |
| &nbsp;&nbsp;&nbsp;Investment income credited to contract holders | **32** | 31 | **127** | 125 |
| &nbsp;&nbsp;&nbsp;Income tax excluding tax on investment gains and losses,<br> net | **8** | 5 | **29** | 25 |
| &nbsp;&nbsp;&nbsp;Life insurance segment profit | $**20** | $15 | $**65** | $57 |

---

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---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Property Casualty Insurance Reconciliation** | **Property Casualty Insurance Reconciliation** | **Property Casualty Insurance Reconciliation** | **Property Casualty Insurance Reconciliation** | **Property Casualty Insurance Reconciliation** | **Property Casualty Insurance Reconciliation** |
| (Dollars in millions) | Three months ended December 31, 2025 | Three months ended December 31, 2025 | Three months ended December 31, 2025 | Three months ended December 31, 2025 | Three months ended December 31, 2025 |
|  | Consolidated | Commercial | Personal | E&S | Other\* |
| Premiums: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net written premiums | $**2361** | $**1185** | $**827** | $**184** | $**165** |
| &nbsp;&nbsp;&nbsp;&nbsp;Unearned premiums change | **147** | **58** | **32** | **4** | **53** |
| &nbsp;&nbsp;&nbsp;&nbsp;Earned premiums | $**2508** | $**1243** | $**859** | $**188** | $**218** |
| Underwriting profit | $**378** | $**144** | $**161** | $**30** | $**43** |
| (Dollars in millions) | Twelve months ended December 31, 2025 | Twelve months ended December 31, 2025 | Twelve months ended December 31, 2025 | Twelve months ended December 31, 2025 | Twelve months ended December 31, 2025 |
|  | Consolidated | Commercial | Personal | E&S | Other\* |
| Premiums: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net written premiums | $**10082** | $**4998** | $**3430** | $**729** | $**925** |
| &nbsp;&nbsp;&nbsp;&nbsp;Unearned premiums change | **(429)** | **(135)** | **(231)** | **(31)** | **(32)** |
| &nbsp;&nbsp;&nbsp;&nbsp;Earned premiums | $**9653** | $**4863** | $**3199** | $**698** | $**893** |
| Underwriting profit (loss) | $**501** | $**439** | $**(111)** | $**85** | $**88** |
| (Dollars in millions) | Three months ended December 31, 2024 | Three months ended December 31, 2024 | Three months ended December 31, 2024 | Three months ended December 31, 2024 | Three months ended December 31, 2024 |
|  | Consolidated | Commercial | Personal | E&S | Other\* |
| Premiums: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net written premiums | $2243 | $1143 | $753 | $171 | $176 |
| &nbsp;&nbsp;&nbsp;&nbsp;Unearned premiums change | 41 | 17 | (27) | (3) | 54 |
| &nbsp;&nbsp;&nbsp;&nbsp;Earned premiums | $2284 | $1160 | $726 | $168 | $230 |
| Underwriting profit | $352 | $181 | $145 | $12 | $14 |
| (Dollars in millions) | Twelve months ended December 31, 2024 | Twelve months ended December 31, 2024 | Twelve months ended December 31, 2024 | Twelve months ended December 31, 2024 | Twelve months ended December 31, 2024 |
|  | Consolidated | Commercial | Personal | E&S | Other\* |
| Premiums: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net written premiums | $9243 | $4690 | $2999 | $654 | $900 |
| &nbsp;&nbsp;&nbsp;&nbsp;Unearned premiums change | (675) | (204) | (376) | (39) | (56) |
| &nbsp;&nbsp;&nbsp;&nbsp;Earned premiums | $8568 | $4486 | $2623 | $615 | $844 |
| Underwriting profit | $580 | $311 | $71 | $40 | $158 |
| Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. | Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. | Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. | Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. | Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. | Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. |

---

\*Included in Other are the results of Cincinnati Re and Cincinnati Global.

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**Cincinnati Financial Corporation**

**Other Measures**

• 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.

• &nbsp;&nbsp;&nbsp;&nbsp;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.

**Value Creation Ratio Calculations**

---

| | | | | |
|:---|:---|:---|:---|:---|
| (Dollars are per share) | Three months ended December 31, | Three months ended December 31, | Twelve months ended December 31, | Twelve months ended December 31, |
| (Dollars are per share) | **2025** | 2024 | **2025** | 2024 |
| Value creation ratio: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period book value\* | $**102.35** | $89.11 | $**102.35** | $89.11 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less beginning of period book value | **98.76** | 88.32 | **89.11** | 77.06 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in book value | **3.59** | 0.79 | **13.24** | 12.05 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dividend declared to shareholders | **0.87** | 0.81 | **3.48** | 3.24 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total value creation | $**4.46** | $1.60 | $**16.72** | $15.29 |
| &nbsp;&nbsp;&nbsp;Value creation ratio from change in book value\*\* | **3.6%** | 0.9% | **14.9%** | 15.6% |
| &nbsp;&nbsp;&nbsp;Value creation ratio from dividends declared to<br> shareholders\*\*\* | **0.9** | 0.9 | **3.9** | 4.2 |
| &nbsp;&nbsp;&nbsp;Value creation ratio | **4.5%** | 1.8% | **18.8%** | 19.8% |
| \* Book value per share is calculated by dividing end of period total shareholders' equity by end of period shares outstanding | \* Book value per share is calculated by dividing end of period total shareholders' equity by end of period shares outstanding | \* Book value per share is calculated by dividing end of period total shareholders' equity by end of period shares outstanding | \* Book value per share is calculated by dividing end of period total shareholders' equity by end of period shares outstanding |  |
| \*\* Change in book value divided by the beginning of period book value | \*\* Change in book value divided by the beginning of period book value | \*\* Change in book value divided by the beginning of period book value | \*\* Change in book value divided by the beginning of period book value |  |
| \*\*\* Dividend declared to shareholders divided by beginning of period book value | \*\*\* Dividend declared to shareholders divided by beginning of period book value | \*\*\* Dividend declared to shareholders divided by beginning of period book value | \*\*\* Dividend declared to shareholders divided by beginning of period book value |  |

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## Exhibit 99.2

**Cincinnati Financial Corporation**

**Supplemental Financial Data**

**for the Period Ending December 31, 2025** 

6200 South Gilmore Road

Fairfield, Ohio 45014-5141

*cinfin.com*

---

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

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **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 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Standard Market Subsidiaries: | A+ | AA- | A1 | A+ |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Cincinnati Insurance Company | A+ | AA- | A1 | A+ |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Cincinnati Indemnity Company | A+ | AA- | A1 | A+ |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Cincinnati Casualty Company | A+ | AA- | A1 | A+ |
| &nbsp;&nbsp;&nbsp;&nbsp; Surplus Lines Subsidiary: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Cincinnati Specialty Underwriters Insurance Company | A+ |  |  |  |
| The Cincinnati Life Insurance Company | A+ | AA- |  | A+ |

---

Ratings are as of February 6, 2026, under continuous review and subject to change and/or affirmation. For the current ratings, select Financial Strength on *cinfin.com*.

The consolidated financial statements and financial exhibits that follow are unaudited. These consolidated financial statements and exhibits should be read in conjunction with the consolidated financial statements and notes included with our periodic filings with the U.S. Securities and Exchange Commission. The results of operations for interim periods may not be indicative of results to be expected for the full year.

CINF Fourth-Quarter 2025 Supplemental Financial Data

------

---

| | |
|:---|:---|
| **Cincinnati Financial Corporation** | **Cincinnati Financial Corporation** |
| **Supplemental Financial Data** | **Supplemental Financial Data** |
| **Fourth Quarter 2025** | **Fourth Quarter 2025** |
| | **Page** |
| Definitions of Non-GAAP Information and Reconciliation to Comparable GAAP Measures | [3](#ic4f844441edb430fb09426964de94f1e_7) |
| **Consolidated** |  |
| CFC and Subsidiaries Consolidation – Twelve Months Ended December 31, 2025 | [4](#ic4f844441edb430fb09426964de94f1e_13) |
| CFC and Subsidiaries Consolidation – Three Months Ended December 31, 2025 | [5](#ic4f844441edb430fb09426964de94f1e_16) |
| Five-Year Net Income Reconciliation and Key Metrics | [6](#ic4f844441edb430fb09426964de94f1e_19) |
| **Consolidated Property Casualty Insurance Operations** |  |
| Losses Incurred Detail | [7](#ic4f844441edb430fb09426964de94f1e_25) |
| Loss Ratio Detail | [8](#ic4f844441edb430fb09426964de94f1e_28) |
| Loss Claim Count Detail | [9](#ic4f844441edb430fb09426964de94f1e_31) |
| Direct Written Premiums by Risk State by Line of Business | [10](#ic4f844441edb430fb09426964de94f1e_34) |
| Quarterly Property Casualty Data – Commercial Lines | [11](#ic4f844441edb430fb09426964de94f1e_37) |
| Quarterly Property Casualty Data – Personal Lines and Excess & Surplus Lines | [12](#ic4f844441edb430fb09426964de94f1e_40) |
| Loss and Loss Expense Analysis – Twelve Months Ended December 31, 2025 | [13](#ic4f844441edb430fb09426964de94f1e_43) |
| Loss and Loss Expense Analysis – Three Months Ended December 31, 2025 | [14](#ic4f844441edb430fb09426964de94f1e_46) |
| **Reconciliation Data** |  |
| Quarterly Property Casualty Data – Consolidated | [15](#ic4f844441edb430fb09426964de94f1e_49) |
| Quarterly Property Casualty Data – Commercial Lines | [16](#ic4f844441edb430fb09426964de94f1e_52) |
| Quarterly Property Casualty Data – Personal Lines | [17](#ic4f844441edb430fb09426964de94f1e_55) |
| Quarterly Property Casualty Data – Excess & Surplus Lines | [18](#ic4f844441edb430fb09426964de94f1e_58) |
| **Statutory Statements of Income** |  |
| Consolidated Cincinnati Insurance Companies Statutory Statements of Income | [19](#ic4f844441edb430fb09426964de94f1e_61) |
| The Cincinnati Life Insurance Company Statutory Statements of Income | [20](#ic4f844441edb430fb09426964de94f1e_64) |
| **Other** |  |
| Quarterly Data – Other | [21](#ic4f844441edb430fb09426964de94f1e_67) |

---

CINF Fourth-Quarter 2025 Supplemental Financial Data

------

**Definitions of Non-GAAP Information and** 

**Reconciliation to Comparable GAAP Measures**

Cincinnati Financial Corporation prepares its public financial statements in conformity with accounting principles generally accepted in the United States of America (GAAP). Statutory data is prepared in accordance with statutory accounting rules for insurance company regulation in the United States of America as defined by the National Association of Insurance Commissioners' (NAIC) Accounting Practices and Procedures Manual, and therefore is not reconciled to GAAP data.

Management uses certain non-GAAP financial measures to evaluate its primary business areas – property casualty insurance, life insurance and investments. Management uses these measures when analyzing both GAAP and non-GAAP results to improve its understanding of trends in the underlying business and to help avoid incorrect or misleading assumptions and conclusions about the success or failure of company strategies. Management adjustments to GAAP measures generally: apply to non-recurring events that are unrelated to business performance and distort short-term results; involve values that fluctuate based on events outside of management's control; supplement reporting segment disclosures with disclosures for a subsidiary company or for a combination of subsidiaries or reporting segments; or relate to accounting refinements that affect comparability between periods, creating a need to analyze data on the same basis.

• 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.

For these reasons, many investors and shareholders consider non-GAAP operating income to be one of the more meaningful measures for evaluating insurance company performance. Equity analysts who report on the insurance industry and the company generally focus on this metric in their analyses. The company presents non-GAAP operating income so that all investors have what management believes to be a useful supplement to GAAP information.

• &nbsp;&nbsp;&nbsp;&nbsp;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.

**Other Measures**

• &nbsp;&nbsp;&nbsp;&nbsp;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.

• &nbsp;&nbsp;&nbsp;&nbsp;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.

• &nbsp;&nbsp;&nbsp;&nbsp;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.

CINF Fourth-Quarter 2025 Supplemental Financial Data

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Cincinnati Financial Corporation and Subsidiaries** | **Cincinnati Financial Corporation and Subsidiaries** | **Cincinnati Financial Corporation and Subsidiaries** | **Cincinnati Financial Corporation and Subsidiaries** | **Cincinnati Financial Corporation and Subsidiaries** | **Cincinnati Financial Corporation and Subsidiaries** | **Cincinnati Financial Corporation and Subsidiaries** |
| **Consolidated Statements of Income for the Twelve Months Ended December 31, 2025** | **Consolidated Statements of Income for the Twelve Months Ended December 31, 2025** | **Consolidated Statements of Income for the Twelve Months Ended December 31, 2025** | **Consolidated Statements of Income for the Twelve Months Ended December 31, 2025** | **Consolidated Statements of Income for the Twelve Months Ended December 31, 2025** | **Consolidated Statements of Income for the Twelve Months Ended December 31, 2025** | **Consolidated Statements of Income for the Twelve Months Ended December 31, 2025** |
| (Dollars in millions) | **CFC** | **CONSOL P&C** | **CLIC** | **CFC-I** | **ELIM** | **Total** |
| **Revenues** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Premiums earned: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Property casualty | $— | $10147 | $— | $— | $— | $10147 |
| &nbsp;&nbsp;&nbsp;&nbsp;Life |  |  | 412 |  |  | 412 |
| &nbsp;&nbsp;&nbsp;&nbsp;Premiums ceded |  | (494) | (82) |  |  | (576) |
| &nbsp;&nbsp;&nbsp;&nbsp; Total earned premium |  | 9653 | 330 |  |  | 9983 |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment income, net of expenses | 112 | 854 | 202 |  | (3) | 1165 |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment gains and losses, net | 478 | 970 | (6) | 1 | (1) | 1442 |
| &nbsp;&nbsp;&nbsp;&nbsp;Fee revenues |  | 14 | 6 |  |  | 20 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other revenues | 15 | 15 |  | 11 | (20) | 21 |
| **Total revenues** | $**605** | $**11506** | $**532** | $**12** | $**(24)** | $**12631** |
| **Benefits & expenses** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Losses & contract holders' benefits | $— | $6918 | $378 | $— | $— | $7296 |
| &nbsp;&nbsp;&nbsp;&nbsp;Reinsurance recoveries |  | (583) | (73) |  |  | (656) |
| &nbsp;&nbsp;&nbsp;&nbsp;Underwriting, acquisition and insurance expenses |  | 2831 | 93 |  |  | 2924 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest expense | 52 |  |  | 4 | (3) | 53 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other operating expenses | 44 | 6 |  | 5 | (21) | 34 |
| **Total expenses** | $**96** | $**9172** | $**398** | $**9** | $**(24)** | $**9651** |
| **Income before income taxes** | $**509** | $**2334** | $**134** | $**3** | $**—** | $**2980** |
| **Provision (benefit) for income taxes** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Current operating income | $(87) | $49 | $38 | $1 | $— | $1 |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital gains/losses | 101 | 203 | (1) |  |  | 303 |
| &nbsp;&nbsp;&nbsp;&nbsp;Deferred | 89 | 203 | (9) |  |  | 283 |
| **Total provision for income taxes** | $**103** | $**455** | $**28** | $**1** | $**—** | $**587** |
| **Net income - current year** | $**406** | $**1879** | $**106** | $**2** | $**—** | $**2393** |
| Net income - prior year | $547 | $1653 | $91 | $1 | $— | $2292 |
| *\*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.* | *\*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.* | *\*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.* | *\*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 Cincinnati Global.* | *Consolidated property casualty data includes results from our Cincinnati Re operations and Cincinnati Global.* | *Consolidated property casualty data includes results from our Cincinnati Re operations and Cincinnati Global.* | *Consolidated property casualty data includes results from our Cincinnati Re operations and Cincinnati Global.* | *Consolidated property casualty data includes results from our Cincinnati Re operations and Cincinnati Global.* | *Consolidated property casualty data includes results from our Cincinnati Re operations and Cincinnati Global.* | *Consolidated property casualty data includes results from our Cincinnati Re operations and Cincinnati Global.* |

---

CINF Fourth-Quarter 2025 Supplemental Financial Data

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Cincinnati Financial Corporation and Subsidiaries** | **Cincinnati Financial Corporation and Subsidiaries** | **Cincinnati Financial Corporation and Subsidiaries** | **Cincinnati Financial Corporation and Subsidiaries** | **Cincinnati Financial Corporation and Subsidiaries** | **Cincinnati Financial Corporation and Subsidiaries** | **Cincinnati Financial Corporation and Subsidiaries** |
| **Consolidated Statements of Income for the Three Months Ended December 31, 2025** | **Consolidated Statements of Income for the Three Months Ended December 31, 2025** | **Consolidated Statements of Income for the Three Months Ended December 31, 2025** | **Consolidated Statements of Income for the Three Months Ended December 31, 2025** | **Consolidated Statements of Income for the Three Months Ended December 31, 2025** | **Consolidated Statements of Income for the Three Months Ended December 31, 2025** | **Consolidated Statements of Income for the Three Months Ended December 31, 2025** |
| (Dollars in millions) | **CFC** | **CONSOL P&C** | **CLIC** | **CFC-I** | **ELIM** | **Total** |
| **Revenues** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Premiums earned: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Property casualty | $— | $2613 | $— | $— | $— | $2613 |
| &nbsp;&nbsp;&nbsp;&nbsp;Life |  |  | 105 |  |  | 105 |
| &nbsp;&nbsp;&nbsp;&nbsp;Premiums ceded |  | (105) | (21) |  |  | (126) |
| &nbsp;&nbsp;&nbsp;&nbsp; Total earned premium |  | 2508 | 84 |  |  | 2592 |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment income, net of expenses | 28 | 227 | 51 |  | (1) | 305 |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment gains and losses, net | 58 | 125 |  | 1 | (1) | 183 |
| &nbsp;&nbsp;&nbsp;&nbsp;Fee revenues |  | 3 | 2 |  |  | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other revenues | 3 | 5 |  | 3 | (5) | 6 |
| **Total revenues** | $**89** | $**2868** | $**137** | $**4** | $**(7)** | $**3091** |
| **Benefits & expenses** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Losses & contract holders' benefits | $— | $1448 | $89 | $— | $(1) | $1536 |
| &nbsp;&nbsp;&nbsp;&nbsp;Reinsurance recoveries |  | (51) | (14) |  | 1 | (64) |
| &nbsp;&nbsp;&nbsp;&nbsp;Underwriting, acquisition and insurance expenses |  | 736 | 23 |  |  | 759 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest expense | 13 |  |  | 1 | (1) | 13 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other operating expenses | 11 | 1 |  | 1 | (6) | 7 |
| **Total expenses** | $**24** | $**2134** | $**98** | $**2** | $**(7)** | $**2251** |
| **Income before income taxes** | $**65** | $**734** | $**39** | $**2** | $**—** | $**840** |
| **Provision (benefit) for income taxes** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Current operating income | $(13) | $102 | $10 | $1 | $— | $100 |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital gains/losses | 12 | 25 |  |  |  | 37 |
| &nbsp;&nbsp;&nbsp;&nbsp;Deferred | 12 | 17 | (2) |  |  | 27 |
| **Total provision for income taxes** | $**11** | $**144** | $**8** | $**1** | $**—** | $**164** |
| **Net income - current year** | $**54** | $**590** | $**31** | $**1** | $**—** | $**676** |
| Net income - prior year | $45 | $332 | $28 | $— | $— | $405 |
| *\*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.* | *\*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.* | *\*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.* | *\*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 Cincinnati Global.* | *Consolidated property casualty data includes results from our Cincinnati Re operations and Cincinnati Global.* | *Consolidated property casualty data includes results from our Cincinnati Re operations and Cincinnati Global.* | *Consolidated property casualty data includes results from our Cincinnati Re operations and Cincinnati Global.* | *Consolidated property casualty data includes results from our Cincinnati Re operations and Cincinnati Global.* | *Consolidated property casualty data includes results from our Cincinnati Re operations and Cincinnati Global.* | *Consolidated property casualty data includes results from our Cincinnati Re operations and Cincinnati Global.* |

---

CINF Fourth-Quarter 2025 Supplemental Financial Data

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Cincinnati Financial Corporation** | **Cincinnati Financial Corporation** | **Cincinnati Financial Corporation** | **Cincinnati Financial Corporation** | **Cincinnati Financial Corporation** | **Cincinnati Financial Corporation** |
| **Five-Year Net Income Reconciliation and Key Metrics** | **Five-Year Net Income Reconciliation and Key Metrics** | **Five-Year Net Income Reconciliation and Key Metrics** | **Five-Year Net Income Reconciliation and Key Metrics** | **Five-Year Net Income Reconciliation and Key Metrics** | **Five-Year Net Income Reconciliation and Key Metrics** |
| (Dollars in millions except per share data) | Years ended December 31, | Years ended December 31, | Years ended December 31, | Years ended December 31, | Years ended December 31, |
|  | **2025** | 2024 | 2023 | 2022 | 2021 |
| Net income (loss) | $**2393** | $2292 | $1843 | $(487) | $2968 |
| Less: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Investment gains and losses, net | **1442** | 1391 | 1127 | (1467) | 2409 |
| &nbsp;&nbsp;&nbsp;Income tax on investment gains and losses | **(303)** | (296) | (236) | 308 | (506) |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment gains and losses, after-tax | **1139** | 1095 | 891 | (1159) | 1903 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-GAAP operating income | $**1254** | $1197 | $952 | $672 | $1065 |
| Non-GAAP operating income: Five-year compound annual growth rate | **18.7%** | 11.5% | 11.6% | 8.1% | 15.8% |
| Diluted per share data: |  |  |  |  |  |
| Net income (loss) | $**15.17** | $14.53 | $11.66 | $(3.06) | $18.24 |
| Less: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Investment gains and losses, net | **9.14** | 8.82 | 7.13 | (9.24) | 14.80 |
| &nbsp;&nbsp;&nbsp;Income tax on investment gains and losses | **(1.92)** | (1.87) | (1.50) | 1.94 | (3.11) |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment gains and losses, after-tax | **7.22** | 6.95 | 5.63 | (7.30) | 11.69 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-GAAP operating income | $**7.95** | $7.58 | $6.03 | $4.24 | $6.55 |
| Value creation ratio |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Book value per share growth | **14.9%** | 15.6% | 15.0% | (18)% | 21.9% |
| &nbsp;&nbsp;&nbsp;Shareholder dividend declared as a percentage of beginning book value | **3.9** | 4.2 | 4.5 | 3.4 | 3.8 |
| &nbsp;&nbsp;&nbsp;Value creation ratio | **18.8%** | 19.8% | 19.5% | (14.6)% | 25.7% |
| Value creation ratio: Five-year average | **13.8%** | 13.0% | 15.2% | 11.2% | 18.7% |
| Investment income, net of expenses | $**1165** | $1025 | $894 | $781 | $714 |
| *\*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts.* | *\*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts.* | *\*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts.* | *\*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts.* | *\*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts.* | *\*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts.* |
| *\*Net income (loss) and Net income (loss) per diluted share have been adjusted due to the adoption of an accounting standards update for long-duration contracts for 2022 and 2021.* | *\*Net income (loss) and Net income (loss) per diluted share have been adjusted due to the adoption of an accounting standards update for long-duration contracts for 2022 and 2021.* | *\*Net income (loss) and Net income (loss) per diluted share have been adjusted due to the adoption of an accounting standards update for long-duration contracts for 2022 and 2021.* | *\*Net income (loss) and Net income (loss) per diluted share have been adjusted due to the adoption of an accounting standards update for long-duration contracts for 2022 and 2021.* | *\*Net income (loss) and Net income (loss) per diluted share have been adjusted due to the adoption of an accounting standards update for long-duration contracts for 2022 and 2021.* | *\*Net income (loss) and Net income (loss) per diluted share have been adjusted due to the adoption of an accounting standards update for long-duration contracts for 2022 and 2021.* |

---

CINF Fourth-Quarter 2025 Supplemental Financial Data

------

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Consolidated Property Casualty** | **Consolidated Property Casualty** | **Consolidated Property Casualty** | **Consolidated Property Casualty** | **Consolidated Property Casualty** | **Consolidated Property Casualty** | **Consolidated Property Casualty** | **Consolidated Property Casualty** | **Consolidated Property Casualty** | **Consolidated Property Casualty** | **Consolidated Property Casualty** | **Consolidated Property Casualty** | **Consolidated Property Casualty** | **Consolidated Property Casualty** | **Consolidated Property Casualty** |
| **Losses Incurred Detail** | **Losses Incurred Detail** | **Losses Incurred Detail** | **Losses Incurred Detail** | **Losses Incurred Detail** | **Losses Incurred Detail** | **Losses Incurred Detail** | **Losses Incurred Detail** | **Losses Incurred Detail** | **Losses Incurred Detail** | **Losses Incurred Detail** | **Losses Incurred Detail** | **Losses Incurred Detail** | **Losses Incurred Detail** | **Losses Incurred Detail** |
| (Dollars in millions) | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended | Six months ended | Six months ended | Nine months ended | Nine months ended | Twelve months ended | Twelve months ended |
|  | **12/31/25** | 9/30/25 | 6/30/25 | 3/31/25 | 12/31/24 | 9/30/24 | 6/30/24 | 3/31/24 | 6/30/25 | 6/30/24 | 9/30/25 | 9/30/24 | **12/31/25** | 12/31/24 |
| **Consolidated** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Current accident year losses greater than $5,000,000 | $**27** | $48 | $15 | $26 | $19 | $18 | $31 | $— | $41 | $31 | $89 | $49 | $**116** | $68 |
| Current accident year losses $2,000,000-$5,000,000 | **61** | 35 | 40 | 20 | 37 | 51 | 28 | 22 | 60 | 50 | 95 | 101 | **156** | 138 |
| Large loss prior accident year reserve development | **40** | 49 | 27 | 56 | 19 | 19 | 15 | 22 | 83 | 37 | 132 | 56 | **172** | 75 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total large losses incurred | $**128** | $132 | $82 | $102 | $75 | $88 | $74 | $44 | $184 | $118 | $316 | $206 | $**444** | $281 |
| Losses incurred but not reported | **164** | 158 | 213 | 279 | 182 | 185 | 165 | 251 | 492 | 416 | 650 | 601 | **814** | 783 |
| Other losses excluding catastrophe losses | **786** | 831 | 741 | 688 | 653 | 711 | 741 | 677 | 1429 | 1418 | 2260 | 2129 | **3046** | 2782 |
| Catastrophe losses | **18** | 83 | 280 | 558 | 83 | 282 | 228 | 111 | 838 | 339 | 921 | 621 | **939** | 704 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total losses incurred | $**1096** | $1204 | $1316 | $1627 | $993 | $1266 | $1208 | $1083 | $2943 | $2291 | $4147 | $3557 | $**5243** | $4550 |
| **Commercial Lines** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Current accident year losses greater than $5,000,000 | $**11** | $48 | $5 | $7 | $9 | $11 | $31 | $— | $12 | $31 | $60 | $42 | $**71** | $51 |
| Current accident year losses $2,000,000-$5,000,000 | **34** | 12 | 22 | 15 | 12 | 36 | 11 | 11 | 37 | 22 | 49 | 58 | **83** | 70 |
| Large loss prior accident year reserve development | **37** | 47 | 14 | 44 | 19 | 20 | 22 | 12 | 58 | 34 | 105 | 54 | **142** | 73 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total large losses incurred | $**82** | $107 | $41 | $66 | $40 | $67 | $64 | $23 | $107 | $87 | $214 | $154 | $**296** | $194 |
| Losses incurred but not reported | **44** | 67 | 106 | 163 | 105 | 117 | 92 | 156 | 269 | 248 | 336 | 365 | **380** | 470 |
| Other losses excluding catastrophe losses | **408** | 405 | 383 | 318 | 328 | 337 | 384 | 368 | 701 | 752 | 1106 | 1089 | **1514** | 1417 |
| Catastrophe losses | **5** | 29 | 83 | 40 | 8 | 58 | 101 | 64 | 123 | 165 | 152 | 223 | **157** | 231 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total losses incurred | $**539** | $608 | $613 | $587 | $481 | $579 | $641 | $611 | $1200 | $1252 | $1808 | $1831 | $**2347** | $2312 |
| **Personal Lines** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Current accident year losses greater than $5,000,000 | $**16** | $— | $10 | $19 | $10 | $7 | $— | $— | $29 | $— | $29 | $7 | $**45** | $17 |
| Current accident year losses $2,000,000-$5,000,000 | **25** | 23 | 18 | 5 | 25 | 13 | 15 | 11 | 23 | 26 | 46 | 39 | **71** | 64 |
| Large loss prior accident year reserve development | **3** | 2 | 13 | 12 |  | (1) | (7) | 10 | 25 | 3 | 27 | 2 | **30** | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total large losses incurred | $**44** | $25 | $41 | $36 | $35 | $19 | $8 | $21 | $77 | $29 | $102 | $48 | $**146** | $83 |
| Losses incurred but not reported | **39** | 32 | 37 | 74 | 22 | 33 | 31 | 22 | 111 | 53 | 143 | 86 | **182** | 108 |
| Other losses excluding catastrophe losses | **298** | 316 | 257 | 254 | 245 | 256 | 256 | 231 | 511 | 487 | 827 | 743 | **1125** | 988 |
| Catastrophe losses | **6** | 54 | 186 | 405 | (4) | 178 | 129 | 50 | 591 | 179 | 645 | 357 | **651** | 353 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total losses incurred | $**387** | $427 | $521 | $769 | $298 | $486 | $424 | $324 | $1290 | $748 | $1717 | $1234 | $**2104** | $1532 |
| **Excess & Surplus Lines** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Current accident year losses greater than $5,000,000 | $**—** | $— | $— | $— | $— | $— | $— | $— | $— | $— | $— | $— | $**—** | $— |
| Current accident year losses $2,000,000-$5,000,000 | **2** |  |  |  |  | 2 | 2 |  |  | 2 |  | 4 | **2** | 4 |
| Large loss prior accident year reserve development | **—** |  |  |  |  |  |  |  |  |  |  |  | **—** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total large losses incurred | $**2** | $— | $— | $— | $— | $2 | $2 | $— | $— | $2 | $— | $4 | $**2** | $4 |
| Losses incurred but not reported | **24** | 16 | 31 | 46 | 28 | 12 | 17 | 30 | 77 | 47 | 93 | 59 | **117** | 87 |
| Other losses excluding catastrophe losses | **48** | 59 | 42 | 24 | 46 | 55 | 51 | 37 | 66 | 88 | 125 | 143 | **173** | 189 |
| Catastrophe losses | **(1)** |  | 3 |  | 2 | 2 | 3 | 1 | 3 | 4 | 3 | 6 | **2** | 8 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total losses incurred | $**73** | $75 | $76 | $70 | $76 | $71 | $73 | $68 | $146 | $141 | $221 | $212 | $**294** | $288 |
| *\*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.* | *\*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.* | *\*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.* | *\*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.* | *\*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.* | *\*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.* | *\*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.* | *\*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.* | *\*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.* | *\*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.* | *\*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.* | *\*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.* | *\*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.* | *\*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.* | *\*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 Cincinnati Global.* | *\*Consolidated property casualty data includes results from our Cincinnati Re operations and Cincinnati Global.* | *\*Consolidated property casualty data includes results from our Cincinnati Re operations and Cincinnati Global.* | *\*Consolidated property casualty data includes results from our Cincinnati Re operations and Cincinnati Global.* | *\*Consolidated property casualty data includes results from our Cincinnati Re operations and Cincinnati Global.* | *\*Consolidated property casualty data includes results from our Cincinnati Re operations and Cincinnati Global.* | *\*Consolidated property casualty data includes results from our Cincinnati Re operations and Cincinnati Global.* | *\*Consolidated property casualty data includes results from our Cincinnati Re operations and Cincinnati Global.* | *\*Consolidated property casualty data includes results from our Cincinnati Re operations and Cincinnati Global.* | *\*Consolidated property casualty data includes results from our Cincinnati Re operations and Cincinnati Global.* | *\*Consolidated property casualty data includes results from our Cincinnati Re operations and Cincinnati Global.* | *\*Consolidated property casualty data includes results from our Cincinnati Re operations and Cincinnati Global.* | *\*Consolidated property casualty data includes results from our Cincinnati Re operations and Cincinnati Global.* | *\*Consolidated property casualty data includes results from our Cincinnati Re operations and Cincinnati Global.* | *\*Consolidated property casualty data includes results from our Cincinnati Re operations and Cincinnati Global.* |

---

CINF Fourth-Quarter 2025 Supplemental Financial Data

------

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| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Consolidated Property Casualty** | **Consolidated Property Casualty** | **Consolidated Property Casualty** | **Consolidated Property Casualty** | **Consolidated Property Casualty** | **Consolidated Property Casualty** | **Consolidated Property Casualty** | **Consolidated Property Casualty** | **Consolidated Property Casualty** | **Consolidated Property Casualty** | **Consolidated Property Casualty** | **Consolidated Property Casualty** | **Consolidated Property Casualty** | **Consolidated Property Casualty** | **Consolidated Property Casualty** |
| **Loss Ratio Detail** | **Loss Ratio Detail** | **Loss Ratio Detail** | **Loss Ratio Detail** | **Loss Ratio Detail** | **Loss Ratio Detail** | **Loss Ratio Detail** | **Loss Ratio Detail** | **Loss Ratio Detail** | **Loss Ratio Detail** | **Loss Ratio Detail** | **Loss Ratio Detail** | **Loss Ratio Detail** | **Loss Ratio Detail** | **Loss Ratio Detail** |
|  | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended | Six months ended | Six months ended | Nine months ended | Nine months ended | Twelve months ended | Twelve months ended |
|  | **12/31/25** | 9/30/25 | 6/30/25 | 3/31/25 | 12/31/24 | 9/30/24 | 6/30/24 | 3/31/24 | 6/30/25 | 6/30/24 | 9/30/25 | 9/30/24 | **12/31/25** | 12/31/24 |
| **Consolidated** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Current accident year losses greater than $5,000,000 | **1.1%** | 1.9% | 0.6% | 1.2% | 0.8% | 0.9% | 1.5% | —% | 0.9% | 0.8% | 1.3% | 0.8% | **1.2%** | 0.8% |
| Current accident year losses $2,000,000-$5,000,000 | **2.4** | 1.4 | 1.7 | 0.9 | 1.5 | 2.3 | 1.4 | 1.1 | 1.3 | 1.2 | 1.3 | 1.6 | **1.6** | 1.6 |
| Large loss prior accident year reserve development | **1.6** | 2.0 | 1.1 | 2.4 | 0.9 | 0.8 | 0.7 | 1.1 | 1.8 | 0.9 | 1.8 | 0.9 | **1.8** | 0.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total large loss ratio | **5.1%** | 5.3% | 3.4% | 4.5% | 3.2% | 4.0% | 3.6% | 2.2% | 4.0% | 2.9% | 4.4% | 3.3% | **4.6%** | 3.3% |
| Losses incurred but not reported | **6.5** | 6.4 | 8.9 | 12.3 | 8.0 | 8.4 | 8.0 | 12.6 | 10.5 | 10.2 | 9.1 | 9.6 | **8.4** | 9.1 |
| Other losses excluding catastrophe losses | **31.4** | 33.4 | 30.9 | 30.4 | 28.7 | 32.0 | 35.6 | 34.0 | 30.6 | 34.9 | 31.6 | 33.8 | **31.6** | 32.5 |
| Catastrophe losses | **0.7** | 3.4 | 11.7 | 24.6 | 3.6 | 12.7 | 11.0 | 5.6 | 18.0 | 8.3 | 12.9 | 9.9 | **9.7** | 8.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loss ratio | **43.7%** | 48.5% | 54.9% | 71.8% | 43.5% | 57.1% | 58.2% | 54.4% | 63.1% | 56.3% | 58.0% | 56.6% | **54.3%** | 53.1% |
| **Commercial Lines** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Current accident year losses greater than $5,000,000 | **0.9%** | 3.9% | 0.5% | 0.6% | 0.8% | 1.0% | 2.8% | —% | 0.5% | 1.4% | 1.7% | 1.3% | **1.5%** | 1.1% |
| Current accident year losses $2,000,000-$5,000,000 | **2.7** | 1.0 | 1.8 | 1.2 | 1.0 | 3.2 | 1.0 | 1.0 | 1.5 | 1.0 | 1.3 | 1.7 | **1.7** | 1.5 |
| Large loss prior accident year reserve development | **3.0** | 3.8 | 1.2 | 3.8 | 1.6 | 1.7 | 2.0 | 1.1 | 2.5 | 1.6 | 2.9 | 1.6 | **2.9** | 1.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total large loss ratio | **6.6%** | 8.7% | 3.5% | 5.6% | 3.4% | 5.9% | 5.8% | 2.1% | 4.5% | 4.0% | 5.9% | 4.6% | **6.1%** | 4.3% |
| Losses incurred but not reported | **3.6** | 5.4 | 8.7 | 13.9 | 9.1 | 10.3 | 8.3 | 14.4 | 11.3 | 11.3 | 9.3 | 11.0 | **7.8** | 10.5 |
| Other losses excluding catastrophe losses | **32.8** | 33.0 | 31.6 | 26.8 | 28.2 | 29.7 | 34.6 | 34.0 | 29.3 | 34.3 | 30.5 | 32.8 | **31.2** | 31.5 |
| Catastrophe losses | **0.4** | 2.4 | 6.8 | 3.4 | 0.7 | 5.1 | 9.1 | 6.0 | 5.1 | 7.6 | 4.2 | 6.7 | **3.2** | 5.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loss ratio | **43.4%** | 49.5% | 50.6% | 49.7% | 41.4% | 51.0% | 57.8% | 56.5% | 50.2% | 57.2% | 49.9% | 55.1% | **48.3%** | 51.5% |
| **Personal Lines** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Current accident year losses greater than $5,000,000 | **1.8%** | —% | 1.3% | 2.8% | 1.4% | 1.1% | —% | —% | 2.0% | —% | 1.3% | 0.4% | **1.4%** | 0.7% |
| Current accident year losses $2,000,000-$5,000,000 | **2.8** | 2.9 | 2.2 | 0.7 | 3.4 | 2.0 | 2.4 | 1.8 | 1.5 | 2.1 | 2.0 | 2.1 | **2.2** | 2.4 |
| Large loss prior accident year reserve development | **0.4** | 0.2 | 1.5 | 1.8 |  | (0.2) | (1.1) | 1.8 | 1.6 | 0.3 | 1.1 | 0.1 | **0.9** | 0.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total large loss ratio | **5.0%** | 3.1% | 5.0% | 5.3% | 4.8% | 2.9% | 1.3% | 3.6% | 5.1% | 2.4% | 4.4% | 2.6% | **4.5%** | 3.2% |
| Losses incurred but not reported | **4.5** | 3.8 | 4.7 | 10.5 | 3.0 | 5.0 | 4.8 | 3.8 | 7.4 | 4.3 | 6.1 | 4.6 | **5.7** | 4.1 |
| Other losses excluding catastrophe losses | **34.8** | 37.5 | 32.0 | 36.4 | 33.7 | 37.6 | 40.5 | 39.4 | 34.1 | 39.9 | 35.4 | 39.0 | **35.2** | 37.6 |
| Catastrophe losses | **0.8** | 6.5 | 23.1 | 57.9 | (0.4) | 26.2 | 20.5 | 8.4 | 39.3 | 14.7 | 27.5 | 18.8 | **20.4** | 13.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loss ratio | **45.1%** | 50.9% | 64.8% | 110.1% | 41.1% | 71.7% | 67.1% | 55.2% | 85.9% | 61.3% | 73.4% | 65.0% | **65.8%** | 58.4% |
| **Excess & Surplus Lines** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Current accident year losses greater than $5,000,000 | **— %** | —% | —% | —% | —% | —% | —% | —% | —% | —% | —% | —% | **— %** | —% |
| Current accident year losses $2,000,000-$5,000,000 | **1.1** |  |  |  |  | 1.3 | 1.3 |  |  | 0.7 |  | 0.9 | **0.3** | 0.7 |
| Large loss prior accident year reserve development | **(0.1)** |  |  |  |  |  |  |  |  |  |  |  | **—** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total large loss ratio | **1.0%** | —% | —% | —% | —% | 1.3% | 1.3% | —% | —% | 0.7% | —% | 0.9% | **0.3%** | 0.7% |
| Losses incurred but not reported | **12.7** | 9.2 | 18.1 | 28.1 | 16.9 | 7.1 | 11.6 | 21.6 | 23.0 | 16.4 | 18.3 | 13.2 | **16.8** | 14.2 |
| Other losses excluding catastrophe losses | **26.0** | 33.6 | 24.4 | 14.8 | 27.2 | 35.4 | 33.8 | 26.8 | 19.7 | 30.4 | 24.4 | 32.1 | **24.8** | 30.8 |
| Catastrophe losses | **(0.6)** |  | 1.3 | 0.2 | 1.0 | 1.5 | 1.9 | 0.5 | 0.8 | 1.2 | 0.5 | 1.3 | **0.2** | 1.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loss ratio | **39.1%** | 42.8% | 43.8% | 43.1% | 45.1% | 45.3% | 48.6% | 48.9% | 43.5% | 48.7% | 43.2% | 47.5% | **42.1%** | 46.9% |
| *\*Certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts.* | *\*Certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts.* | *\*Certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts.* | *\*Certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts.* | *\*Certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts.* | *\*Certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts.* | *\*Certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts.* | *\*Certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts.* | *\*Certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts.* | *\*Certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts.* | *\*Certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts.* | *\*Certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts.* | *\*Certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts.* | *\*Certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts.* | *\*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 Cincinnati Global.* | *\*Consolidated property casualty data includes results from our Cincinnati Re operations and Cincinnati Global.* | *\*Consolidated property casualty data includes results from our Cincinnati Re operations and Cincinnati Global.* | *\*Consolidated property casualty data includes results from our Cincinnati Re operations and Cincinnati Global.* | *\*Consolidated property casualty data includes results from our Cincinnati Re operations and Cincinnati Global.* | *\*Consolidated property casualty data includes results from our Cincinnati Re operations and Cincinnati Global.* | *\*Consolidated property casualty data includes results from our Cincinnati Re operations and Cincinnati Global.* | *\*Consolidated property casualty data includes results from our Cincinnati Re operations and Cincinnati Global.* | *\*Consolidated property casualty data includes results from our Cincinnati Re operations and Cincinnati Global.* | *\*Consolidated property casualty data includes results from our Cincinnati Re operations and Cincinnati Global.* | *\*Consolidated property casualty data includes results from our Cincinnati Re operations and Cincinnati Global.* | *\*Consolidated property casualty data includes results from our Cincinnati Re operations and Cincinnati Global.* | *\*Consolidated property casualty data includes results from our Cincinnati Re operations and Cincinnati Global.* | *\*Consolidated property casualty data includes results from our Cincinnati Re operations and Cincinnati Global.* | *\*Consolidated property casualty data includes results from our Cincinnati Re operations and Cincinnati Global.* |

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CINF Fourth-Quarter 2025 Supplemental Financial Data

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| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Consolidated Property Casualty** | **Consolidated Property Casualty** | **Consolidated Property Casualty** | **Consolidated Property Casualty** | **Consolidated Property Casualty** | **Consolidated Property Casualty** | **Consolidated Property Casualty** | **Consolidated Property Casualty** | **Consolidated Property Casualty** | **Consolidated Property Casualty** | **Consolidated Property Casualty** | **Consolidated Property Casualty** | **Consolidated Property Casualty** | **Consolidated Property Casualty** | **Consolidated Property Casualty** |
| **Loss Claim Count Detail** | **Loss Claim Count Detail** | **Loss Claim Count Detail** | **Loss Claim Count Detail** | **Loss Claim Count Detail** | **Loss Claim Count Detail** | **Loss Claim Count Detail** | **Loss Claim Count Detail** | **Loss Claim Count Detail** | **Loss Claim Count Detail** | **Loss Claim Count Detail** | **Loss Claim Count Detail** | **Loss Claim Count Detail** | **Loss Claim Count Detail** | **Loss Claim Count Detail** |
|  | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended | Six months ended | Six months ended | Nine months ended | Nine months ended | Twelve months ended | Twelve months ended |
|  | **12/31/25** | 9/30/25 | 6/30/25 | 3/31/25 | 12/31/24 | 9/30/24 | 6/30/24 | 3/31/24 | 6/30/25 | 6/30/24 | 9/30/25 | 9/30/24 | **12/31/25** | 12/31/24 |
| **Consolidated** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Current accident year reported losses greater <br> than $5,000,000 | **3** | 6 | 2 | 3 | 1 | 3 | 5 |  | 5 | 5 | 12 | 8 | **15** | 10 |
| Current accident year reported losses <br> $2,000,000 - $5,000,000 | **21** | 17 | 14 | 7 | 14 | 18 | 11 | 8 | 21 | 19 | 32 | 37 | **53** | 49 |
| Prior accident year reported losses on<br> large losses | **15** | 11 | 13 | 15 | 11 | 6 | 9 | 7 | 28 | 16 | 39 | 22 | **54** | 33 |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-Catastrophe reported losses on<br>&nbsp;&nbsp;&nbsp;&nbsp; large losses total | **39** | 34 | 29 | 25 | 26 | 27 | 25 | 15 | 54 | 40 | 83 | 67 | **122** | 92 |
| **Commercial Lines** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Current accident year reported losses greater<br> than $5,000,000 | **2** | 6 | 1 | 1 |  | 2 | 5 |  | 2 | 5 | 9 | 7 | **10** | 8 |
| Current accident year reported losses<br> $2,000,000 - $5,000,000 | **11** | 9 | 7 | 5 | 7 | 12 | 4 | 4 | 12 | 8 | 16 | 20 | **28** | 26 |
| Prior accident year reported losses on<br> large losses | **14** | 11 | 10 | 11 | 11 | 6 | 9 | 4 | 21 | 13 | 32 | 19 | **46** | 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-Catastrophe reported losses on<br>&nbsp;&nbsp;&nbsp;&nbsp; large losses total | **27** | 26 | 18 | 17 | 18 | 20 | 18 | 8 | 35 | 26 | 57 | 46 | **84** | 64 |
| **Personal Lines** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Current accident year reported losses greater <br> than $5,000,000 | **1** |  | 1 | 2 | 1 | 1 |  |  | 3 |  | 3 | 1 | **5** | 2 |
| Current accident year reported losses <br> $2,000,000 - $5,000,000 | **9** | 8 | 7 | 2 | 7 | 5 | 6 | 4 | 9 | 10 | 16 | 15 | **24** | 21 |
| Prior accident year reported losses on<br> large losses | **1** |  | 3 | 4 |  |  |  | 3 | 7 | 3 | 7 | 3 | **8** | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-Catastrophe reported losses on<br>&nbsp;&nbsp;&nbsp;&nbsp; large losses total | **11** | 8 | 11 | 8 | 8 | 6 | 6 | 7 | 19 | 13 | 26 | 19 | **37** | 26 |
| **Excess & Surplus Lines** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Current accident year reported losses greater<br> than $5,000,000 | **—** |  |  |  |  |  |  |  |  |  |  |  | **—** |  |
| Current accident year reported losses<br> $2,000,000 - $5,000,000 | **1** |  |  |  |  | 1 | 1 |  |  | 1 |  | 2 | **1** | 2 |
| Prior accident year reported losses on<br> large losses | **—** |  |  |  |  |  |  |  |  |  |  |  | **—** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-Catastrophe reported losses on<br>&nbsp;&nbsp;&nbsp;&nbsp; large losses total | **1** |  |  |  |  | 1 | 1 |  |  | 1 |  | 2 | **1** | 2 |
| *\*The sum of quarterly amounts may not equal the full year as each is computed independently.* | *\*The sum of quarterly amounts may not equal the full year as each is computed independently.* | *\*The sum of quarterly amounts may not equal the full year as each is computed independently.* | *\*The sum of quarterly amounts may not equal the full year as each is computed independently.* | *\*The sum of quarterly amounts may not equal the full year as each is computed independently.* | *\*The sum of quarterly amounts may not equal the full year as each is computed independently.* | *\*The sum of quarterly amounts may not equal the full year as each is computed independently.* | *\*The sum of quarterly amounts may not equal the full year as each is computed independently.* | *\*The sum of quarterly amounts may not equal the full year as each is computed independently.* | *\*The sum of quarterly amounts may not equal the full year as each is computed independently.* | *\*The sum of quarterly amounts may not equal the full year as each is computed independently.* | *\*The sum of quarterly amounts may not equal the full year as each is computed independently.* | *\*The sum of quarterly amounts may not equal the full year as each is computed independently.* | *\*The sum of quarterly amounts may not equal the full year as each is computed independently.* | *\*The sum of quarterly amounts may not equal the full year as each is computed independently.* |

---

CINF Fourth-Quarter 2025 Supplemental Financial Data

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| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Consolidated Cincinnati Insurance Companies** | **Consolidated Cincinnati Insurance Companies** | **Consolidated Cincinnati Insurance Companies** | **Consolidated Cincinnati Insurance Companies** | **Consolidated Cincinnati Insurance Companies** | **Consolidated Cincinnati Insurance Companies** | **Consolidated Cincinnati Insurance Companies** | **Consolidated Cincinnati Insurance Companies** | **Consolidated Cincinnati Insurance Companies** | **Consolidated Cincinnati Insurance Companies** | **Consolidated Cincinnati Insurance Companies** | **Consolidated Cincinnati Insurance Companies** | **Consolidated Cincinnati Insurance Companies** | **Consolidated Cincinnati Insurance Companies** | **Consolidated Cincinnati Insurance Companies** | **Consolidated Cincinnati Insurance Companies** |
| **Direct Written Premiums by Risk State by Line of Business for the Twelve Months Ended December 31, 2025** | **Direct Written Premiums by Risk State by Line of Business for the Twelve Months Ended December 31, 2025** | **Direct Written Premiums by Risk State by Line of Business for the Twelve Months Ended December 31, 2025** | **Direct Written Premiums by Risk State by Line of Business for the Twelve Months Ended December 31, 2025** | **Direct Written Premiums by Risk State by Line of Business for the Twelve Months Ended December 31, 2025** | **Direct Written Premiums by Risk State by Line of Business for the Twelve Months Ended December 31, 2025** | **Direct Written Premiums by Risk State by Line of Business for the Twelve Months Ended December 31, 2025** | **Direct Written Premiums by Risk State by Line of Business for the Twelve Months Ended December 31, 2025** | **Direct Written Premiums by Risk State by Line of Business for the Twelve Months Ended December 31, 2025** | **Direct Written Premiums by Risk State by Line of Business for the Twelve Months Ended December 31, 2025** | **Direct Written Premiums by Risk State by Line of Business for the Twelve Months Ended December 31, 2025** | **Direct Written Premiums by Risk State by Line of Business for the Twelve Months Ended December 31, 2025** | **Direct Written Premiums by Risk State by Line of Business for the Twelve Months Ended December 31, 2025** | **Direct Written Premiums by Risk State by Line of Business for the Twelve Months Ended December 31, 2025** | **Direct Written Premiums by Risk State by Line of Business for the Twelve Months Ended December 31, 2025** | **Direct Written Premiums by Risk State by Line of Business for the Twelve Months Ended December 31, 2025** |
| (Dollars in millions) | Commercial Lines | Commercial Lines | Commercial Lines | Commercial Lines | Commercial Lines | Personal Lines | Personal Lines | Personal Lines | E & S | Consolidated | Consolidated | Comm'l<br>Change% | Personal<br>Change% | E & S<br>Change% | Consol<br>Change% |
| Risk<br>State | Comm<br>Casualty | Comm<br>Property | Comm<br>Auto | Workers'<br>Comp | Other Comm | Personal<br>Auto | Home Owner | Other <br>Personal | All<br>Lines | **2025** | 2024 | Comm'l<br>Change% | Personal<br>Change% | E & S<br>Change% | Consol<br>Change% |
| Risk<br>State | Comm<br>Casualty | Comm<br>Property | Comm<br>Auto | Workers'<br>Comp | Other Comm | Personal<br>Auto | Home Owner | Other <br>Personal | All<br>Lines | **Total** | Total | Comm'l<br>Change% | Personal<br>Change% | E & S<br>Change% | Consol<br>Change% |
| OH | $214.0 | $262.8 | $136.7 | $0.1 | $59.0 | $181.5 | $222.3 | $50.7 | $39.8 | $**1166.6** | $1082.4 | 6.8 | 8.7 | 14.1 | 7.8 |
| IL | 81.2 | 99.1 | 47.1 | 28.2 | 22.0 | 78.7 | 102.7 | 24.2 | 46.8 | **530.0** | 493.7 | 5.3 | 10.5 | 6.6 | 7.4 |
| NY | 104.9 | 65.9 | 26.1 | 10.9 | 18.0 | 49.3 | 147.6 | 33.1 | 63.0 | **518.8** | 466.4 | 9.0 | 13.6 | 10.9 | 11.2 |
| NC | 73.1 | 124.4 | 46.4 | 13.5 | 26.9 | 54.4 | 76.5 | 16.8 | 30.0 | **462.0** | 417.2 | 5.2 | 22.1 | 15.7 | 10.7 |
| GA | 49.3 | 69.4 | 40.0 | 7.0 | 23.1 | 77.6 | 88.8 | 18.8 | 32.7 | **406.7** | 386.2 | 1.0 | 10.7 | 2.7 | 5.3 |
| IN | 80.3 | 91.6 | 48.8 | 21.3 | 20.7 | 43.8 | 60.9 | 12.2 | 23.6 | **403.2** | 367.9 | 10.0 | 9.4 | 5.8 | 9.6 |
| TX | 57.8 | 27.2 | 38.8 | 3.4 | 16.1 | 53.7 | 115.2 | 23.3 | 56.6 | **392.1** | 348.3 | (1.6) | 26.8 | 10.9 | 12.6 |
| MO | 62.0 | 60.3 | 43.2 | 14.8 | 10.0 | 57.2 | 86.1 | 10.0 | 25.1 | **368.7** | 330.5 | 5.1 | 23.9 | (2.3) | 11.6 |
| PA | 85.3 | 82.9 | 46.8 | 20.2 | 18.5 | 27.0 | 36.1 | 9.5 | 31.1 | **357.4** | 338.6 | 2.9 | 15.9 | 5.4 | 5.5 |
| MI | 52.5 | 65.3 | 34.6 | 9.3 | 16.7 | 48.0 | 49.3 | 10.0 | 27.7 | **313.4** | 289.5 | 4.1 | 12.3 | 22.8 | 8.3 |
| TN | 54.8 | 72.8 | 39.2 | 6.4 | 18.9 | 29.3 | 53.7 | 11.2 | 23.2 | **309.5** | 287.4 | 4.3 | 12.2 | 20.4 | 7.7 |
| VA | 61.9 | 60.0 | 43.8 | 11.5 | 19.5 | 32.4 | 41.1 | 12.0 | 16.4 | **298.6** | 262.1 | 6.9 | 32.6 | 19.5 | 13.9 |
| KY | 46.8 | 58.1 | 38.0 | 4.4 | 17.1 | 37.3 | 46.8 | 8.6 | 15.2 | **272.4** | 248.7 | 10.3 | 9.2 | 3.0 | 9.5 |
| AL | 40.6 | 60.2 | 27.3 | 2.1 | 15.9 | 30.7 | 60.5 | 9.7 | 21.1 | **268.1** | 247.6 | 5.5 | 12.0 | 10.3 | 8.2 |
| CA | 1.7 | 2.3 | 2.0 | 4.3 | 0.9 | 30.0 | 191.1 | 29.6 | 1.8 | **263.6** | 258.3 | 20.6 | 0.9 | 174.4 | 2.0 |
| WI | 34.2 | 48.3 | 17.6 | 13.2 | 11.1 | 24.8 | 28.5 | 9.3 | 19.3 | **206.3** | 185.7 | 4.2 | 26.3 | 15.2 | 11.1 |
| FL | 33.3 | 15.7 | 25.3 | 3.3 | 14.6 | 11.8 | 40.7 | 15.0 | 37.9 | **197.8** | 203.8 | (5.5) | (2.0) | 1.8 | (2.9) |
| WA | 32.5 | 23.9 | 22.0 |  | 7.7 | 41.3 | 34.9 | 9.0 | 18.7 | **190.2** | 157.8 | 6.1 | 39.2 | 22.5 | 20.5 |
| CT | 16.6 | 14.4 | 7.5 | 4.7 | 2.8 | 45.3 | 60.8 | 16.9 | 6.7 | **175.7** | 144.7 | 6.1 | 28.6 | 17.4 | 21.4 |
| AZ | 29.8 | 24.0 | 20.1 | 3.8 | 6.9 | 28.5 | 34.2 | 10.8 | 17.1 | **175.3** | 147.6 | 7.8 | 32.4 | 26.2 | 18.7 |
| MD | 25.1 | 24.0 | 21.3 | 5.3 | 8.9 | 28.6 | 38.7 | 10.5 | 10.0 | **172.3** | 152.7 | 8.9 | 18.2 | 7.7 | 12.8 |
| MN | 30.4 | 40.3 | 12.6 | 6.2 | 8.8 | 16.6 | 30.0 | 5.8 | 18.5 | **169.1** | 155.6 | 5.5 | 15.5 | 7.9 | 8.7 |
| MA | 23.0 | 17.5 | 11.1 | 4.2 | 3.1 | 22.0 | 57.1 | 11.8 | 10.1 | **159.8** | 134.6 | 12.2 | 22.5 | 27.4 | 18.8 |
| OR | 42.6 | 26.3 | 27.9 | 0.2 | 7.6 | 12.2 | 11.2 | 2.6 | 20.8 | **151.5** | 138.7 | 4.5 | 23.4 | 18.7 | 9.2 |
| KS | 26.2 | 28.2 | 23.1 | 5.6 | 6.1 | 20.9 | 28.9 | 5.1 | 6.5 | **150.5** | 125.7 | 11.3 | 38.4 | 8.7 | 19.8 |
| UT | 27.4 | 25.1 | 18.5 | 1.9 | 6.9 | 20.6 | 22.0 | 3.4 | 18.5 | **144.3** | 128.0 | 11.0 | 17.5 | 9.2 | 12.8 |
| AR | 20.4 | 32.0 | 24.3 | 2.5 | 5.7 | 15.0 | 23.3 | 4.4 | 9.4 | **137.0** | 125.2 | 3.7 | 23.6 | 7.4 | 9.5 |
| CO | 25.1 | 16.3 | 16.4 | 1.9 | 4.4 | 8.5 | 27.5 | 3.1 | 25.2 | **128.3** | 113.1 | 7.6 | 26.8 | 10.8 | 13.5 |
| SC | 15.8 | 20.9 | 10.6 | 4.3 | 6.7 | 19.9 | 28.7 | 4.4 | 14.8 | **126.3** | 109.6 | 3.9 | 28.7 | 21.6 | 15.2 |
| MT | 36.6 | 30.6 | 19.3 | 0.6 | 5.1 | 4.8 | 12.7 | 1.5 | 10.4 | **121.5** | 112.2 | 4.8 | 19.5 | 24.6 | 8.3 |
| NJ | 19.9 | 16.4 | 8.6 | 4.0 | 4.3 | 15.5 | 24.3 | 9.2 | 15.5 | **117.6** | 91.4 | 28.1 | 25.6 | 42.0 | 28.7 |
| IA | 21.4 | 27.1 | 10.2 | 5.4 | 8.0 | 10.2 | 16.0 | 2.4 | 7.5 | **108.2** | 97.6 | 7.6 | 19.1 | 13.8 | 10.9 |
| ID | 21.3 | 18.4 | 13.2 | 0.8 | 4.0 | 4.5 | 6.0 | 1.2 | 6.3 | **75.5** | 73.7 | (0.9) | 18.5 | 9.2 | 2.5 |
| NE | 14.6 | 17.4 | 12.5 | 3.1 | 3.4 | 0.6 | 1.5 | 0.3 | 9.5 | **62.9** | 57.5 | 6.2 | 18.8 | 26.9 | 9.3 |
| WV | 12.4 | 16.3 | 9.8 | 1.1 | 2.0 | 0.7 | 1.4 | 0.2 | 7.7 | **51.6** | 48.7 | 4.9 | 42.1 | 3.7 | 6.0 |
| VT | 9.0 | 10.3 | 5.0 | 3.8 | 3.3 | 2.8 | 5.9 | 0.8 | 3.7 | **44.7** | 41.8 | 5.3 | 14.1 | 3.5 | 6.9 |
| NH | 6.9 | 7.3 | 4.5 | 1.5 | 2.0 | 4.2 | 7.7 | 1.9 | 2.7 | **38.6** | 34.3 | 7.2 | 25.4 | 1.1 | 12.6 |
| NM | 9.9 | 7.8 | 7.7 | 0.8 | 3.0 | 1.4 | 2.6 | 0.4 | 4.9 | **38.4** | 35.9 | 7.3 | 32.0 | (10.4) | 7.0 |
| NV | 2.3 | 2.4 | 4.3 | 1.2 | 0.6 | 11.2 | 9.0 | 2.7 | 3.7 | **37.3** | 21.7 | 69.9 | 75.2 | 59.2 | 72.0 |
| DE | 7.6 | 7.3 | 3.7 | 1.3 | 1.4 | 3.5 | 4.9 | 0.9 | 2.6 | **33.0** | 33.5 | (16.9) | 66.1 | 1.3 | (1.7) |
| WY | 7.3 | 6.8 | 5.2 |  | 1.7 | 0.4 | 2.2 | 0.3 | 3.8 | **27.8** | 25.8 | 3.4 | 28.3 | 20.4 | 7.7 |
| SD | 7.6 | 7.2 | 4.5 | 1.9 | 2.1 |  |  |  | 1.5 | **24.9** | 21.9 | 14.5 |  | (2.6) | 13.3 |
| ME | 2.2 | 1.8 | 1.2 | 0.2 | 0.6 | 3.7 | 9.5 | 1.3 | 1.4 | **21.8** | 12.4 | 94.8 | 70.0 | 57.7 | 75.3 |
| DC | 3.3 | 2.4 | 0.4 | 0.8 | 1.9 | 3.4 | 4.9 | 1.3 | 3.1 | **21.5** | 18.2 | 0.2 | 50.4 | 3.6 | 18.4 |
| RI | 2.5 | 1.2 | 1.5 | 0.3 | 0.2 | 1.9 | 8.4 | 1.6 | 1.2 | **18.9** | 15.6 | 72.6 | 18.1 | (44.0) | 21.1 |
| ND | 4.0 | 5.3 | 2.6 |  | 1.7 | 1.2 | 1.6 | 0.4 | 1.3 | **18.1** | 17.4 | 5.2 | 5.2 | (10.9) | 3.9 |
| All Other States | 1.7 | 1.2 | 1.6 | 1.6 | 1.5 | 0.4 | 4.8 | 0.1 | 0.4 | **13.4** | 13.9 | (6.6) | 1.7 | (19.8) | (4.0) |
| Total | $1639.1 | $1746.1 | $1033.0 | $243.2 | $451.3 | $1217.2 | $1968.7 | $418.1 | $774.9 | $**9491.2** | $8621.2 | 5.9 | 16.3 | 11.5 | 10.0 |
| *\*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<br>\*Total excludes Cincinnati Re, Cincinnati Global and other direct, such as assigned risk pools.* | *\*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<br>\*Total excludes Cincinnati Re, Cincinnati Global and other direct, such as assigned risk pools.* | *\*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<br>\*Total excludes Cincinnati Re, Cincinnati Global and other direct, such as assigned risk pools.* | *\*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<br>\*Total excludes Cincinnati Re, Cincinnati Global and other direct, such as assigned risk pools.* | *\*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<br>\*Total excludes Cincinnati Re, Cincinnati Global and other direct, such as assigned risk pools.* | *\*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<br>\*Total excludes Cincinnati Re, Cincinnati Global and other direct, such as assigned risk pools.* | *\*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<br>\*Total excludes Cincinnati Re, Cincinnati Global and other direct, such as assigned risk pools.* | *\*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<br>\*Total excludes Cincinnati Re, Cincinnati Global and other direct, such as assigned risk pools.* | *\*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<br>\*Total excludes Cincinnati Re, Cincinnati Global and other direct, such as assigned risk pools.* | *\*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<br>\*Total excludes Cincinnati Re, Cincinnati Global and other direct, such as assigned risk pools.* | *\*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<br>\*Total excludes Cincinnati Re, Cincinnati Global and other direct, such as assigned risk pools.* | *\*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<br>\*Total excludes Cincinnati Re, Cincinnati Global and other direct, such as assigned risk pools.* | *\*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<br>\*Total excludes Cincinnati Re, Cincinnati Global and other direct, such as assigned risk pools.* | *\*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<br>\*Total excludes Cincinnati Re, Cincinnati Global and other direct, such as assigned risk pools.* | *\*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<br>\*Total excludes Cincinnati Re, Cincinnati Global and other direct, such as assigned risk pools.* | *\*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<br>\*Total excludes Cincinnati Re, Cincinnati Global and other direct, such as assigned risk pools.* |

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CINF Fourth-Quarter 2025 Supplemental Financial Data

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| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Quarterly Property Casualty Data - Commercial Lines** | **Quarterly Property Casualty Data - Commercial Lines** | **Quarterly Property Casualty Data - Commercial Lines** | **Quarterly Property Casualty Data - Commercial Lines** | **Quarterly Property Casualty Data - Commercial Lines** | **Quarterly Property Casualty Data - Commercial Lines** | **Quarterly Property Casualty Data - Commercial Lines** | **Quarterly Property Casualty Data - Commercial Lines** | **Quarterly Property Casualty Data - Commercial Lines** | **Quarterly Property Casualty Data - Commercial Lines** | **Quarterly Property Casualty Data - Commercial Lines** | **Quarterly Property Casualty Data - Commercial Lines** | **Quarterly Property Casualty Data - Commercial Lines** | **Quarterly Property Casualty Data - Commercial Lines** | **Quarterly Property Casualty Data - Commercial Lines** |
| (Dollars in millions) | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended | Six months ended | Six months ended | Nine months ended | Nine months ended | Twelve months ended | Twelve months ended |
|  | **12/31/25** | 9/30/25 | 6/30/25 | 3/31/25 | 12/31/24 | 9/30/24 | 6/30/24 | 3/31/24 | 6/30/25 | 6/30/24 | 9/30/25 | 9/30/24 | **12/31/25** | 12/31/24 |
| **Commercial casualty:** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Net written premiums | $**394** | $372 | $428 | $443 | $385 | $364 | $391 | $417 | $871 | $808 | $1244 | $1172 | $**1638** | $1557 |
| Year over year change %-written premium | **2%** | 2% | 9% | 6% | 7% | 10% | 3% | 3% | 8% | 3% | 6% | 5% | **5%** | 6% |
| Earned premiums | $**409** | $403 | $402 | $387 | $390 | $381 | $372 | $365 | $789 | $737 | $1192 | $1118 | $**1601** | $1508 |
| Current accident year before catastrophe losses | **86.9%** | 74.8% | 72.3% | 72.8% | 72.9% | 74.1% | 69.6% | 73.6% | 72.6% | 71.6% | 73.3% | 72.5% | **76.8%** | 72.6% |
| Current accident year catastrophe losses | **—** |  |  |  |  |  |  |  |  |  |  |  | **—** |  |
| Prior accident years before catastrophe losses | **(0.2)** | 6.0 | (0.4) | (0.3) | (0.3) | (0.4) | 7.6 | 0.1 | (0.4) | 3.9 | 1.8 | 2.4 | **1.3** | 1.7 |
| Prior accident years catastrophe losses | **—** |  |  |  |  |  |  |  |  |  |  |  | **—** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loss and loss expense ratio | **86.7%** | 80.8% | 71.9% | 72.5% | 72.6% | 73.7% | 77.2% | 73.7% | 72.2% | 75.5% | 75.1% | 74.9% | **78.1%** | 74.3% |
| **Commercial property:** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Net written premiums | $**395** | $422 | $428 | $411 | $383 | $389 | $392 | $362 | $839 | $754 | $1260 | $1143 | $**1655** | $1526 |
| Year over year change %-written premium | **3%** | 8% | 9% | 14% | 13% | 13% | 17% | 15% | 11% | 16% | 10% | 15% | **8%** | 15% |
| Earned premiums | $**410** | $405 | $399 | $389 | $373 | $361 | $348 | $336 | $787 | $684 | $1192 | $1045 | $**1602** | $1418 |
| Current accident year before catastrophe losses | **23.9%** | 37.2% | 40.2% | 43.5% | 22.3% | 40.9% | 45.7% | 48.5% | 41.8% | 47.0% | 40.2% | 44.9% | **36.0%** | 39.0% |
| Current accident year catastrophe losses | **1.6** | 8.6 | 21.5 | 13.3 | 7.7 | 16.7 | 28.9 | 21.3 | 17.5 | 25.2 | 14.5 | 22.3 | **11.2** | 18.4 |
| Prior accident years before catastrophe losses | **(3.6)** | (8.2) | (9.5) | (5.3) | 3.2 | (7.8) | (3.9) | (4.2) | (7.4) | (4.0) | (7.7) | (5.4) | **(6.7)** | (3.1) |
| Prior accident years catastrophe losses | **0.3** | (1.2) | (0.6) | (3.6) | (2.6) | (1.3) | (2.1) | (2.5) | (2.1) | (2.3) | (1.8) | (1.9) | **(1.2)** | (2.1) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loss and loss expense ratio | **22.2%** | 36.4% | 51.6% | 47.9% | 30.6% | 48.5% | 68.6% | 63.1% | 49.8% | 65.9% | 45.2% | 59.9% | **39.3%** | 52.2% |
| **Commercial auto:** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Net written premiums | $**240** | $243 | $271 | $283 | $223 | $223 | $248 | $259 | $555 | $506 | $797 | $730 | $**1037** | $953 |
| Year over year change %-written premium | **8%** | 9% | 9% | 9% | 8% | 12% | 6% | 8% | 10% | 7% | 9% | 9% | **9%** | 9% |
| Earned premiums | $**258** | $253 | $247 | $241 | $237 | $231 | $228 | $220 | $489 | $448 | $742 | $679 | $**1000** | $916 |
| Current accident year before catastrophe losses | **66.5%** | 64.7% | 65.0% | 68.6% | 65.5% | 66.7% | 67.9% | 70.0% | 66.8% | 68.9% | 66.1% | 68.2% | **66.2%** | 67.5% |
| Current accident year catastrophe losses | **0.1** | 0.8 | 0.8 | 1.8 | (3.3) | 2.2 | 4.4 | 1.6 | 1.3 | 3.0 | 1.1 | 2.7 | **0.8** | 1.2 |
| Prior accident years before catastrophe losses | **2.5** | 4.1 | 7.2 | 2.9 | 2.4 | 0.2 | (3.8) | (0.8) | 5.1 | (2.4) | 4.8 | (1.5) | **4.2** | (0.5) |
| Prior accident years catastrophe losses | **(0.1)** |  | (0.1) | (0.1) | (0.2) |  |  | (0.1) | (0.1) |  | (0.1) |  | **(0.1)** | (0.1) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loss and loss expense ratio | **69.0%** | 69.6% | 72.9% | 73.2% | 64.4% | 69.1% | 68.5% | 70.7% | 73.1% | 69.5% | 71.9% | 69.4% | **71.1%** | 68.1% |
| **Workers' compensation:** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Net written premiums | $**53** | $56 | $57 | $79 | $54 | $56 | $55 | $79 | $135 | $134 | $191 | $190 | $**244** | $244 |
| Year over year change %-written premium | **(2)%** | —% | 4% | —% | (5)% | (2)% | (15)% | (4)% | 1% | (9)% | 1% | (6)% | **— %** | (6)% |
| Earned premiums | $**61** | $61 | $60 | $61 | $60 | $61 | $59 | $61 | $121 | $120 | $181 | $182 | $**242** | $242 |
| Current accident year before catastrophe losses | **96.4%** | 94.6% | 97.0% | 95.5% | 87.9% | 88.2% | 86.5% | 91.5% | 96.2% | 89.0% | 95.7% | 88.8% | **95.9%** | 88.5% |
| Current accident year catastrophe losses | **—** |  |  |  |  |  |  |  |  |  |  |  | **—** |  |
| Prior accident years before catastrophe losses | **(32.3)** | (28.3) | (27.8) | (18.6) | (44.4) | (26.7) | (46.9) | (19.3) | (23.1) | (32.9) | (24.9) | (30.8) | **(26.8)** | (34.2) |
| Prior accident years catastrophe losses | **—** |  |  |  |  |  |  |  |  |  |  |  | **—** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loss and loss expense ratio | **64.1%** | 66.3% | 69.2% | 76.9% | 43.5% | 61.5% | 39.6% | 72.2% | 73.1% | 56.1% | 70.8% | 58.0% | **69.1%** | 54.3% |
| **Other commercial:** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Net written premiums | $**103** | $105 | $106 | $109 | $98 | $106 | $100 | $106 | $215 | $207 | $321 | $312 | $**424** | $410 |
| Year over year change %-written premium | **5%** | (1)% | 6% | 3% | 1% | 8% | 5% | 6% | 4% | 6% | 3% | 6% | **3%** | 5% |
| Earned premiums | $**105** | $107 | $104 | $101 | $100 | $103 | $100 | $100 | $205 | $200 | $313 | $302 | $**418** | $402 |
| Current accident year before catastrophe losses | **53.6%** | 51.1% | 50.5% | 45.8% | 47.9% | 50.5% | 40.7% | 40.5% | 48.2% | 40.6% | 49.2% | 43.9% | **50.3%** | 44.9% |
| Current accident year catastrophe losses | **0.2** |  | 0.1 | 0.1 | 0.1 | 0.1 |  | 0.1 | 0.1 | 0.1 |  | 0.1 | **0.1** | 0.1 |
| Prior accident years before catastrophe losses | **0.5** | 2.9 | (1.5) | (2.2) |  | 0.4 | 0.2 | (2.8) | (1.8) | (1.3) | (0.2) | (0.6) | **—** | (0.5) |
| Prior accident years catastrophe losses | **—** |  | 0.1 |  |  | (0.1) | 0.1 | 0.1 |  | 0.1 |  |  | **—** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loss and loss expense ratio | **54.3%** | 54.0% | 49.2% | 43.7% | 48.0% | 50.9% | 41.0% | 37.9% | 46.5% | 39.5% | 49.0% | 43.4% | **50.4%** | 44.5% |
| *\*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.* | *\*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.* | *\*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.* | *\*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.* | *\*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.* | *\*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.* | *\*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.* | *\*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.* | *\*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.* | *\*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.* | *\*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.* | *\*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.* | *\*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.* | *\*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.* | *\*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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CINF Fourth-Quarter 2025 Supplemental Financial Data

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| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Quarterly Property Casualty Data - Personal Lines** | **Quarterly Property Casualty Data - Personal Lines** | **Quarterly Property Casualty Data - Personal Lines** | **Quarterly Property Casualty Data - Personal Lines** | **Quarterly Property Casualty Data - Personal Lines** | **Quarterly Property Casualty Data - Personal Lines** | **Quarterly Property Casualty Data - Personal Lines** | **Quarterly Property Casualty Data - Personal Lines** | **Quarterly Property Casualty Data - Personal Lines** | **Quarterly Property Casualty Data - Personal Lines** | **Quarterly Property Casualty Data - Personal Lines** | **Quarterly Property Casualty Data - Personal Lines** | **Quarterly Property Casualty Data - Personal Lines** | **Quarterly Property Casualty Data - Personal Lines** | **Quarterly Property Casualty Data - Personal Lines** |
| (Dollars in millions) | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended | Six months ended | Six months ended | Nine months ended | Nine months ended | Twelve months ended | Twelve months ended |
|  | **12/31/25** | 9/30/25 | 6/30/25 | 3/31/25 | 12/31/24 | 9/30/24 | 6/30/24 | 3/31/24 | 6/30/25 | 6/30/24 | 9/30/25 | 9/30/24 | **12/31/25** | 12/31/24 |
| **Personal auto:** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Net written premiums | $**285** | $328 | $333 | $266 | $270 | $296 | $283 | $216 | $599 | $499 | $927 | $795 | $**1212** | $1065 |
| Year over year change %-written premium | **6%** | 11% | 18% | 23% | 30% | 30% | 33% | 33% | 20% | 33% | 17% | 32% | **14%** | 32% |
| Earned premiums | $**300** | $295 | $285 | $271 | $258 | $242 | $224 | $208 | $556 | $432 | $851 | $674 | $**1151** | $932 |
| Current accident year before catastrophe losses | **68.3%** | 67.8% | 67.8% | 71.2% | 70.0% | 68.7% | 73.3% | 73.8% | 69.5% | 73.5% | 68.9% | 71.8% | **68.8%** | 71.3% |
| Current accident year catastrophe losses | **0.1** | 1.1 | 3.2 | 3.0 | (3.6) | 6.6 | 3.6 | 3.4 | 3.1 | 3.5 | 2.4 | 4.6 | **1.8** | 2.3 |
| Prior accident years before catastrophe losses | **1.9** | 1.9 |  | (0.8) | 4.0 | 1.5 | 5.3 | (1.9) | (0.4) | 1.9 | 0.4 | 1.7 | **0.8** | 2.4 |
| Prior accident years catastrophe losses | **—** |  |  | (0.3) |  |  | (0.1) | (0.7) | (0.2) | (0.4) | (0.1) | (0.2) | **(0.1)** | (0.2) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loss and loss expense ratio | **70.3%** | 70.8% | 71.0% | 73.1% | 70.4% | 76.8% | 82.1% | 74.6% | 72.0% | 78.5% | 71.6% | 77.9% | **71.3%** | 75.8% |
| **Homeowner:** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Net written premiums | $**446** | $518 | $532 | $320 | $394 | $442 | $433 | $303 | $852 | $736 | $1370 | $1178 | $**1816** | $1572 |
| Year over year change %-written premium | **13%** | 17% | 23% | 6% | 32% | 30% | 31% | 36% | 16% | 33% | 16% | 32% | **16%** | 32% |
| Earned premiums | $**459** | $444 | $425 | $338 | $379 | $352 | $326 | $303 | $763 | $629 | $1208 | $981 | $**1667** | $1360 |
| Current accident year before catastrophe losses | **38.1%** | 37.6% | 38.8% | 53.4% | 34.2% | 40.9% | 42.2% | 46.9% | 45.2% | 44.4% | 42.4% | 43.1% | **41.2%** | 40.7% |
| Current accident year catastrophe losses | **1.8** | 12.9 | 44.3 | 122.5 | 2.6 | 47.4 | 38.5 | 21.0 | 79.0 | 30.1 | 54.7 | 36.3 | **40.1** | 26.9 |
| Prior accident years before catastrophe losses | **0.5** | 0.9 | (3.0) | (2.0) | (1.3) | (1.4) | 1.2 | (2.0) | (2.6) | (0.3) | (1.3) | (0.7) | **(0.8)** | (0.9) |
| Prior accident years catastrophe losses | **(0.8)** | (1.6) | (3.0) | (3.5) | (3.1) | (1.7) | (1.7) | (6.3) | (3.2) | (4.0) | (2.6) | (3.1) | **(2.1)** | (3.1) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loss and loss expense ratio | **39.6%** | 49.8% | 77.1% | 170.4% | 32.4% | 85.2% | 80.2% | 59.6% | 118.4% | 70.2% | 93.2% | 75.6% | **78.4%** | 63.6% |
| **Other personal:** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Net written premiums | $**96** | $105 | $115 | $86 | $89 | $94 | $103 | $76 | $201 | $179 | $306 | $273 | $**402** | $362 |
| Year over year change %-written premium | **8%** | 12% | 12% | 13% | 20% | 18% | 18% | 21% | 12% | 19% | 12% | 18% | **11%** | 19% |
| Earned premiums | $**100** | $99 | $94 | $89 | $89 | $84 | $81 | $77 | $183 | $158 | $281 | $242 | $**381** | $331 |
| Current accident year before catastrophe losses | **55.5%** | 58.8% | 58.3% | 76.2% | 57.0% | 66.5% | 54.6% | 57.4% | 67.0% | 56.0% | 64.2% | 59.7% | **61.9%** | 59.0% |
| Current accident year catastrophe losses | **6.3** | 6.9 | 6.8 | 1.1 | 14.0 | 4.1 | 5.3 | 2.3 | 4.0 | 3.8 | 5.0 | 3.9 | **5.3** | 6.6 |
| Prior accident years before catastrophe losses | **14.3** | 12.5 | 7.4 | 3.7 | 7.3 | 8.7 | (5.8) | (2.6) | 5.6 | (4.3) | 8.0 | 0.2 | **9.7** | 2.1 |
| Prior accident years catastrophe losses | **—** | (0.8) | (0.1) | (0.4) |  |  | 0.2 | (0.3) | (0.2) |  | (0.5) |  | **(0.3)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loss and loss expense ratio | **76.1%** | 77.4% | 72.4% | 80.6% | 78.3% | 79.3% | 54.3% | 56.8% | 76.4% | 55.5% | 76.7% | 63.8% | **76.6%** | 67.7% |
| **Quarterly Property Casualty Data - Excess & Surplus Lines** | **Quarterly Property Casualty Data - Excess & Surplus Lines** | **Quarterly Property Casualty Data - Excess & Surplus Lines** | **Quarterly Property Casualty Data - Excess & Surplus Lines** | **Quarterly Property Casualty Data - Excess & Surplus Lines** | **Quarterly Property Casualty Data - Excess & Surplus Lines** | **Quarterly Property Casualty Data - Excess & Surplus Lines** | **Quarterly Property Casualty Data - Excess & Surplus Lines** | **Quarterly Property Casualty Data - Excess & Surplus Lines** | **Quarterly Property Casualty Data - Excess & Surplus Lines** | **Quarterly Property Casualty Data - Excess & Surplus Lines** | **Quarterly Property Casualty Data - Excess & Surplus Lines** | **Quarterly Property Casualty Data - Excess & Surplus Lines** | **Quarterly Property Casualty Data - Excess & Surplus Lines** | **Quarterly Property Casualty Data - Excess & Surplus Lines** |
| (Dollars in millions) | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended | Six months ended | Six months ended | Nine months ended | Nine months ended | Twelve months ended | Twelve months ended |
|  | **12/31/25** | 9/30/25 | 6/30/25 | 3/31/25 | 12/31/24 | 9/30/24 | 6/30/24 | 3/31/24 | 6/30/25 | 6/30/24 | 9/30/25 | 9/30/24 | **12/31/25** | 12/31/24 |
| **Excess & Surplus:** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Net written premiums | $**184** | $175 | $202 | $168 | $171 | $157 | $180 | $146 | $370 | $326 | $545 | $483 | $**729** | $654 |
| Year over year change %-written premium | **8%** | 11% | 12% | 15% | 14% | 23% | 15% | 7% | 13% | 12% | 13% | 15% | **11%** | 15% |
| Earned premiums | $**188** | $174 | $174 | $162 | $168 | $157 | $151 | $139 | $336 | $290 | $510 | $447 | $**698** | $615 |
| Current accident year before catastrophe losses | **58.4%** | 64.1% | 64.9% | 65.6% | 63.1% | 64.2% | 64.0% | 65.7% | 65.2% | 64.8% | 64.8% | 64.6% | **63.1%** | 64.2% |
| Current accident year catastrophe losses | **(0.4)** | 0.2 | 1.6 | 0.8 | 1.0 | 1.7 | 1.4 | 0.9 | 1.2 | 1.2 | 0.9 | 1.4 | **0.5** | 1.3 |
| Prior accident years before catastrophe losses | **(0.3)** | (2.1) | (2.7) | (5.0) | 2.3 | 2.9 | 1.6 | (1.7) | (3.8) |  | (3.2) | 1.0 | **(2.5)** | 1.4 |
| Prior accident years catastrophe losses | **(0.2)** | (0.1) | (0.3) | (0.5) | 0.1 | (0.2) | 0.5 | (0.4) | (0.3) |  | (0.3) |  | **(0.2)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loss and loss expense ratio | **57.5%** | 62.1% | 63.5% | 60.9% | 66.5% | 68.6% | 67.5% | 64.5% | 62.3% | 66.0% | 62.2% | 67.0% | **60.9%** | 66.9% |
| *\*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.* | *\*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.* | *\*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.* | *\*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.* | *\*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.* | *\*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.* | *\*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.* | *\*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.* | *\*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.* | *\*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.* | *\*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.* | *\*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.* | *\*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.* | *\*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.* | *\*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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CINF Fourth-Quarter 2025 Supplemental Financial Data

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| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Consolidated Property Casualty Loss and Loss Expense Analysis** | **Consolidated Property Casualty Loss and Loss Expense Analysis** | **Consolidated Property Casualty Loss and Loss Expense Analysis** | **Consolidated Property Casualty Loss and Loss Expense Analysis** | **Consolidated Property Casualty Loss and Loss Expense Analysis** | **Consolidated Property Casualty Loss and Loss Expense Analysis** | **Consolidated Property Casualty Loss and Loss Expense Analysis** | **Consolidated Property Casualty Loss and Loss Expense Analysis** | **Consolidated Property Casualty Loss and Loss Expense Analysis** | **Consolidated Property Casualty Loss and Loss Expense Analysis** | **Consolidated Property Casualty Loss and Loss Expense Analysis** | **Consolidated Property Casualty Loss and Loss Expense Analysis** |
| (Dollars in millions) |  |  |  | Change in | Change in | Change in | **Total** |  |  | Loss |  |
| (Dollars in millions) | Paid | Paid loss | **Total** | case | IBNR | loss expense | **change in** | Case | IBNR | expense | **Total** |
| (Dollars in millions) | losses | expense | **paid** | reserves | reserves | reserves | **reserves** | incurred | incurred | incurred | **incurred** |
| **Gross loss and loss expense incurred for the twelve months ended December 31, 2025** | **Gross loss and loss expense incurred for the twelve months ended December 31, 2025** | **Gross loss and loss expense incurred for the twelve months ended December 31, 2025** | **Gross loss and loss expense incurred for the twelve months ended December 31, 2025** | **Gross loss and loss expense incurred for the twelve months ended December 31, 2025** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial casualty | $646 | $214 | $**860** | $125 | $239 | $81 | $**445** | $771 | $239 | $295 | $**1305** |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial property | 587 | 74 | **661** | (41) | (4) | 18 | **(27)** | 546 | (4) | 92 | **634** |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial auto | 474 | 88 | **562** | 25 | 100 | 26 | **151** | 499 | 100 | 114 | **713** |
| &nbsp;&nbsp;&nbsp;&nbsp;Workers' compensation | 122 | 30 | **152** | (20) | 30 | 13 | **23** | 102 | 30 | 43 | **175** |
| &nbsp;&nbsp;&nbsp;&nbsp;Other commercial | 100 | 22 | **122** | 12 | 29 | 56 | **97** | 112 | 29 | 78 | **219** |
| &nbsp;&nbsp;&nbsp;&nbsp;Total commercial lines | 1929 | 428 | **2357** | 101 | 394 | 194 | **689** | 2030 | 394 | 622 | **3046** |
| &nbsp;&nbsp;&nbsp;&nbsp;Personal auto | 577 | 110 | **687** | 54 | 46 | 35 | **135** | 631 | 46 | 145 | **822** |
| &nbsp;&nbsp;&nbsp;&nbsp;Homeowners | 1389 | 115 | **1504** | 86 | 101 | 41 | **228** | 1475 | 101 | 156 | **1732** |
| &nbsp;&nbsp;&nbsp;&nbsp;Other personal | 179 | 12 | **191** | 18 | 93 | 2 | **113** | 197 | 93 | 14 | **304** |
| &nbsp;&nbsp;&nbsp;&nbsp;Total personal lines | 2145 | 237 | **2382** | 158 | 240 | 78 | **476** | 2303 | 240 | 315 | **2858** |
| &nbsp;&nbsp;&nbsp;&nbsp;Excess & surplus lines | 170 | 73 | **243** | 13 | 120 | 58 | **191** | 183 | 120 | 131 | **434** |
| &nbsp;&nbsp;&nbsp;Other | 400 | 23 | **423** | 19 | 137 | 1 | **157** | 419 | 137 | 24 | **580** |
| &nbsp;&nbsp;&nbsp;&nbsp; Total property casualty | $4644 | $761 | $**5405** | $291 | $891 | $331 | $**1513** | $4935 | $891 | $1092 | $**6918** |
| **Ceded loss and loss expense incurred for the twelve months ended December 31, 2025** | **Ceded loss and loss expense incurred for the twelve months ended December 31, 2025** | **Ceded loss and loss expense incurred for the twelve months ended December 31, 2025** | **Ceded loss and loss expense incurred for the twelve months ended December 31, 2025** | **Ceded loss and loss expense incurred for the twelve months ended December 31, 2025** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial casualty | $23 | $— | $**23** | $23 | $12 | $(3) | $**32** | $46 | $12 | $(3) | $**55** |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial property | 8 | 2 | **10** | (6) | 1 |  | **(5)** | 2 | 1 | 2 | **5** |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial auto |  |  | **—** |  |  |  | **—** |  |  |  | **—** |
| &nbsp;&nbsp;&nbsp;&nbsp;Workers' compensation | 8 |  | **8** |  | (1) |  | **(1)** | 8 | (1) |  | **7** |
| &nbsp;&nbsp;&nbsp;&nbsp;Other commercial | 14 |  | **14** | (6) | 1 |  | **(5)** | 8 | 1 |  | **9** |
| &nbsp;&nbsp;&nbsp;&nbsp;Total commercial lines | 53 | 2 | **55** | 11 | 13 | (3) | **21** | 64 | 13 | (1) | **76** |
| &nbsp;&nbsp;&nbsp;&nbsp;Personal auto | 2 |  | **2** | 1 | (1) |  | **—** | 3 | (1) |  | **2** |
| &nbsp;&nbsp;&nbsp;&nbsp;Homeowners | 310 |  | **310** | 59 | 57 |  | **116** | 369 | 57 |  | **426** |
| &nbsp;&nbsp;&nbsp;&nbsp;Other personal | 9 |  | **9** | 2 |  |  | **2** | 11 |  |  | **11** |
| &nbsp;&nbsp;&nbsp;&nbsp;Total personal lines | 321 |  | **321** | 62 | 56 |  | **118** | 383 | 56 |  | **439** |
| &nbsp;&nbsp;&nbsp;&nbsp;Excess & surplus lines | 7 | 1 | **8** | (2) | 3 |  | **1** | 5 | 3 | 1 | **9** |
| &nbsp;&nbsp;&nbsp;Other | 29 | 1 | **30** | 19 | 10 |  | **29** | 48 | 10 | 1 | **59** |
| &nbsp;&nbsp;&nbsp;&nbsp; Total property casualty | $410 | $4 | $**414** | $90 | $82 | $(3) | $**169** | $500 | $82 | $1 | $**583** |
| **Net loss and loss expense incurred for the twelve months ended December 31, 2025** | **Net loss and loss expense incurred for the twelve months ended December 31, 2025** | **Net loss and loss expense incurred for the twelve months ended December 31, 2025** | **Net loss and loss expense incurred for the twelve months ended December 31, 2025** | **Net loss and loss expense incurred for the twelve months ended December 31, 2025** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial casualty | $623 | $214 | $**837** | $102 | $227 | $84 | $**413** | $725 | $227 | $298 | $**1250** |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial property | 579 | 72 | **651** | (35) | (5) | 18 | **(22)** | 544 | (5) | 90 | **629** |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial auto | 474 | 88 | **562** | 25 | 100 | 26 | **151** | 499 | 100 | 114 | **713** |
| &nbsp;&nbsp;&nbsp;&nbsp;Workers' compensation | 114 | 30 | **144** | (20) | 31 | 13 | **24** | 94 | 31 | 43 | **168** |
| &nbsp;&nbsp;&nbsp;&nbsp;Other commercial | 86 | 22 | **108** | 18 | 28 | 56 | **102** | 104 | 28 | 78 | **210** |
| &nbsp;&nbsp;&nbsp;&nbsp;Total commercial lines | 1876 | 426 | **2302** | 90 | 381 | 197 | **668** | 1966 | 381 | 623 | **2970** |
| &nbsp;&nbsp;&nbsp;&nbsp;Personal auto | 575 | 110 | **685** | 53 | 47 | 35 | **135** | 628 | 47 | 145 | **820** |
| &nbsp;&nbsp;&nbsp;&nbsp;Homeowners | 1079 | 115 | **1194** | 27 | 44 | 41 | **112** | 1106 | 44 | 156 | **1306** |
| &nbsp;&nbsp;&nbsp;&nbsp;Other personal | 170 | 12 | **182** | 16 | 93 | 2 | **111** | 186 | 93 | 14 | **293** |
| &nbsp;&nbsp;&nbsp;&nbsp;Total personal lines | 1824 | 237 | **2061** | 96 | 184 | 78 | **358** | 1920 | 184 | 315 | **2419** |
| &nbsp;&nbsp;&nbsp;&nbsp;Excess & surplus lines | 163 | 72 | **235** | 15 | 117 | 58 | **190** | 178 | 117 | 130 | **425** |
| &nbsp;&nbsp;&nbsp;Other | 371 | 22 | **393** |  | 127 | 1 | **128** | 371 | 127 | 23 | **521** |
| &nbsp;&nbsp;&nbsp;&nbsp; Total property casualty | $4234 | $757 | $**4991** | $201 | $809 | $334 | $**1344** | $4435 | $809 | $1091 | $**6335** |
| *\*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.* | *\*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.* | *\*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.* | *\*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.* | *\*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.* | *\*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.* | *\*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.* | *\*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.* | *\*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.* | *\*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.* | *\*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.* | *\*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 Cincinnati Global.* | *\*Other data includes results from our Cincinnati Re operations and Cincinnati Global.* | *\*Other data includes results from our Cincinnati Re operations and Cincinnati Global.* | *\*Other data includes results from our Cincinnati Re operations and Cincinnati Global.* | *\*Other data includes results from our Cincinnati Re operations and Cincinnati Global.* | *\*Other data includes results from our Cincinnati Re operations and Cincinnati Global.* | *\*Other data includes results from our Cincinnati Re operations and Cincinnati Global.* | *\*Other data includes results from our Cincinnati Re operations and Cincinnati Global.* | *\*Other data includes results from our Cincinnati Re operations and Cincinnati Global.* | *\*Other data includes results from our Cincinnati Re operations and Cincinnati Global.* | *\*Other data includes results from our Cincinnati Re operations and Cincinnati Global.* | *\*Other data includes results from our Cincinnati Re operations and Cincinnati Global.* |

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CINF Fourth-Quarter 2025 Supplemental Financial Data

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| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Consolidated Property Casualty Loss and Loss Expense Analysis** | **Consolidated Property Casualty Loss and Loss Expense Analysis** | **Consolidated Property Casualty Loss and Loss Expense Analysis** | **Consolidated Property Casualty Loss and Loss Expense Analysis** | **Consolidated Property Casualty Loss and Loss Expense Analysis** | **Consolidated Property Casualty Loss and Loss Expense Analysis** | **Consolidated Property Casualty Loss and Loss Expense Analysis** | **Consolidated Property Casualty Loss and Loss Expense Analysis** | **Consolidated Property Casualty Loss and Loss Expense Analysis** | **Consolidated Property Casualty Loss and Loss Expense Analysis** | **Consolidated Property Casualty Loss and Loss Expense Analysis** | **Consolidated Property Casualty Loss and Loss Expense Analysis** |
| (Dollars in millions) |  |  |  | Change in | Change in | Change in | **Total** |  |  | Loss |  |
| (Dollars in millions) | Paid | Paid loss | **Total** | case | IBNR | loss expense | **change in** | Case | IBNR | expense | **Total** |
| (Dollars in millions) | losses | expense | **paid** | reserves | reserves | reserves | **reserves** | incurred | incurred | incurred | **incurred** |
| **Gross loss and loss expense incurred for the three months ended December 31, 2025** | **Gross loss and loss expense incurred for the three months ended December 31, 2025** | **Gross loss and loss expense incurred for the three months ended December 31, 2025** | **Gross loss and loss expense incurred for the three months ended December 31, 2025** | **Gross loss and loss expense incurred for the three months ended December 31, 2025** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial casualty | $204 | $52 | $**256** | $40 | $54 | $36 | $**130** | $244 | $54 | $88 | $**386** |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial property | 122 | 19 | **141** | (14) | (39) | 5 | **(48)** | 108 | (39) | 24 | **93** |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial auto | 121 | 21 | **142** | 16 | 14 | 7 | **37** | 137 | 14 | 28 | **179** |
| &nbsp;&nbsp;&nbsp;&nbsp;Workers' compensation | 30 | 8 | **38** | (10) | 16 |  | **6** | 20 | 16 | 8 | **44** |
| &nbsp;&nbsp;&nbsp;&nbsp;Other commercial | 23 | 5 | **28** | 4 | 2 | 25 | **31** | 27 | 2 | 30 | **59** |
| &nbsp;&nbsp;&nbsp;&nbsp;Total commercial lines | 500 | 105 | **605** | 36 | 47 | 73 | **156** | 536 | 47 | 178 | **761** |
| &nbsp;&nbsp;&nbsp;&nbsp;Personal auto | 147 | 26 | **173** | 31 | (2) | 10 | **39** | 178 | (2) | 36 | **212** |
| &nbsp;&nbsp;&nbsp;&nbsp;Homeowners | 203 | 29 | **232** | (23) | (27) | 13 | **(37)** | 180 | (27) | 42 | **195** |
| &nbsp;&nbsp;&nbsp;&nbsp;Other personal | 32 | 3 | **35** | 13 | 23 |  | **36** | 45 | 23 | 3 | **71** |
| &nbsp;&nbsp;&nbsp;&nbsp;Total personal lines | 382 | 58 | **440** | 21 | (6) | 23 | **38** | 403 | (6) | 81 | **478** |
| &nbsp;&nbsp;&nbsp;&nbsp;Excess & surplus lines | 43 | 19 | **62** | 7 | 24 | 16 | **47** | 50 | 24 | 35 | **109** |
| &nbsp;&nbsp;&nbsp;Other | 80 | 6 | **86** | (10) | 25 | (1) | **14** | 70 | 25 | 5 | **100** |
| &nbsp;&nbsp;&nbsp;&nbsp; Total property casualty | $1005 | $188 | $**1193** | $54 | $90 | $111 | $**255** | $1059 | $90 | $299 | $**1448** |
| **Ceded loss and loss expense incurred for the three months ended December 31, 2025** | **Ceded loss and loss expense incurred for the three months ended December 31, 2025** | **Ceded loss and loss expense incurred for the three months ended December 31, 2025** | **Ceded loss and loss expense incurred for the three months ended December 31, 2025** | **Ceded loss and loss expense incurred for the three months ended December 31, 2025** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial casualty | $23 | $— | $**23** | $(1) | $14 | $(3) | $**10** | $22 | $14 | $(3) | $**33** |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial property | (11) | 1 | **(10)** | 14 | (3) |  | **11** | 3 | (3) | 1 | **1** |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial auto |  |  | **—** |  |  |  | **—** |  |  |  | **—** |
| &nbsp;&nbsp;&nbsp;&nbsp;Workers' compensation | 4 |  | **4** | 2 | (1) |  | **1** | 6 | (1) |  | **5** |
| &nbsp;&nbsp;&nbsp;&nbsp;Other commercial | 3 |  | **3** | (2) |  |  | **(2)** | 1 |  |  | **1** |
| &nbsp;&nbsp;&nbsp;&nbsp;Total commercial lines | 19 | 1 | **20** | 13 | 10 | (3) | **20** | 32 | 10 | (2) | **40** |
| &nbsp;&nbsp;&nbsp;&nbsp;Personal auto | 1 |  | **1** |  |  |  | **—** | 1 |  |  | **1** |
| &nbsp;&nbsp;&nbsp;&nbsp;Homeowners | 34 |  | **34** | (2) | (20) |  | **(22)** | 32 | (20) |  | **12** |
| &nbsp;&nbsp;&nbsp;&nbsp;Other personal | 1 |  | **1** | (2) | (2) |  | **(4)** | (1) | (2) |  | **(3)** |
| &nbsp;&nbsp;&nbsp;&nbsp;Total personal lines | 36 |  | **36** | (4) | (22) |  | **(26)** | 32 | (22) |  | **10** |
| &nbsp;&nbsp;&nbsp;&nbsp;Excess & surplus lines |  |  | **—** | (1) | 2 |  | **1** | (1) | 2 |  | **1** |
| &nbsp;&nbsp;&nbsp;Other | 8 |  | **8** | 22 | (30) |  | **(8)** | 30 | (30) |  | **—** |
| &nbsp;&nbsp;&nbsp;&nbsp; Total property casualty | $63 | $1 | $**64** | $30 | $(40) | $(3) | $**(13)** | $93 | $(40) | $(2) | $**51** |
| **Net loss and loss expense incurred for the three months ended December 31, 2025** | **Net loss and loss expense incurred for the three months ended December 31, 2025** | **Net loss and loss expense incurred for the three months ended December 31, 2025** | **Net loss and loss expense incurred for the three months ended December 31, 2025** | **Net loss and loss expense incurred for the three months ended December 31, 2025** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial casualty | $181 | $52 | $**233** | $41 | $40 | $39 | $**120** | $222 | $40 | $91 | $**353** |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial property | 133 | 18 | **151** | (28) | (36) | 5 | **(59)** | 105 | (36) | 23 | **92** |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial auto | 121 | 21 | **142** | 16 | 14 | 7 | **37** | 137 | 14 | 28 | **179** |
| &nbsp;&nbsp;&nbsp;&nbsp;Workers' compensation | 26 | 8 | **34** | (12) | 17 |  | **5** | 14 | 17 | 8 | **39** |
| &nbsp;&nbsp;&nbsp;&nbsp;Other commercial | 20 | 5 | **25** | 6 | 2 | 25 | **33** | 26 | 2 | 30 | **58** |
| &nbsp;&nbsp;&nbsp;&nbsp;Total commercial lines | 481 | 104 | **585** | 23 | 37 | 76 | **136** | 504 | 37 | 180 | **721** |
| &nbsp;&nbsp;&nbsp;&nbsp;Personal auto | 146 | 26 | **172** | 31 | (2) | 10 | **39** | 177 | (2) | 36 | **211** |
| &nbsp;&nbsp;&nbsp;&nbsp;Homeowners | 169 | 29 | **198** | (21) | (7) | 13 | **(15)** | 148 | (7) | 42 | **183** |
| &nbsp;&nbsp;&nbsp;&nbsp;Other personal | 31 | 3 | **34** | 15 | 25 |  | **40** | 46 | 25 | 3 | **74** |
| &nbsp;&nbsp;&nbsp;&nbsp;Total personal lines | 346 | 58 | **404** | 25 | 16 | 23 | **64** | 371 | 16 | 81 | **468** |
| &nbsp;&nbsp;&nbsp;&nbsp;Excess & surplus lines | 43 | 19 | **62** | 8 | 22 | 16 | **46** | 51 | 22 | 35 | **108** |
| &nbsp;&nbsp;&nbsp;Other | 72 | 6 | **78** | (32) | 55 | (1) | **22** | 40 | 55 | 5 | **100** |
| &nbsp;&nbsp;&nbsp;&nbsp; Total property casualty | $942 | $187 | $**1129** | $24 | $130 | $114 | $**268** | $966 | $130 | $301 | $**1397** |
| *\*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.* | *\*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.* | *\*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.* | *\*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.* | *\*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.* | *\*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.* | *\*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.* | *\*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.* | *\*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.* | *\*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.* | *\*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.* | *\*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 Cincinnati Global.* | *\*Other data includes results from our Cincinnati Re operations and Cincinnati Global.* | *\*Other data includes results from our Cincinnati Re operations and Cincinnati Global.* | *\*Other data includes results from our Cincinnati Re operations and Cincinnati Global.* | *\*Other data includes results from our Cincinnati Re operations and Cincinnati Global.* | *\*Other data includes results from our Cincinnati Re operations and Cincinnati Global.* | *\*Other data includes results from our Cincinnati Re operations and Cincinnati Global.* | *\*Other data includes results from our Cincinnati Re operations and Cincinnati Global.* | *\*Other data includes results from our Cincinnati Re operations and Cincinnati Global.* | *\*Other data includes results from our Cincinnati Re operations and Cincinnati Global.* | *\*Other data includes results from our Cincinnati Re operations and Cincinnati Global.* | *\*Other data includes results from our Cincinnati Re operations and Cincinnati Global.* |

---

CINF Fourth-Quarter 2025 Supplemental Financial Data

------

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| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Quarterly Property Casualty Data - Consolidated** | **Quarterly Property Casualty Data - Consolidated** | **Quarterly Property Casualty Data - Consolidated** | **Quarterly Property Casualty Data - Consolidated** | **Quarterly Property Casualty Data - Consolidated** | **Quarterly Property Casualty Data - Consolidated** | **Quarterly Property Casualty Data - Consolidated** | **Quarterly Property Casualty Data - Consolidated** | **Quarterly Property Casualty Data - Consolidated** | **Quarterly Property Casualty Data - Consolidated** | **Quarterly Property Casualty Data - Consolidated** | **Quarterly Property Casualty Data - Consolidated** | **Quarterly Property Casualty Data - Consolidated** | **Quarterly Property Casualty Data - Consolidated** | **Quarterly Property Casualty Data - Consolidated** |
| (Dollars in millions) | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended | Six months ended | Six months ended | Nine months ended | Nine months ended | Twelve months ended | Twelve months ended |
|  | **12/31/25** | 9/30/25 | 6/30/25 | 3/31/25 | 12/31/24 | 9/30/24 | 6/30/24 | 3/31/24 | 6/30/25 | 6/30/24 | 9/30/25 | 9/30/24 | **12/31/25** | 12/31/24 |
| **Premiums** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Agency renewal written premiums | $**1939** | $2037 | $2135 | $1912 | $1759 | $1795 | $1843 | $1683 | $4047 | $3526 | $6084 | $5321 | $**8023** | $7080 |
| &nbsp;&nbsp;&nbsp;&nbsp;Agency new business written premiums | **331** | 356 | 404 | 383 | 382 | 406 | 407 | 346 | 787 | 753 | 1143 | 1159 | **1474** | 1541 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other written premiums | **91** | 100 | 194 | 200 | 102 | 92 | 209 | 219 | 394 | 428 | 494 | 520 | **585** | 622 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net written premiums | $**2361** | $2493 | $2733 | $2495 | $2243 | $2293 | $2459 | $2248 | $5228 | $4707 | $7721 | $7000 | $**10082** | $9243 |
| &nbsp;&nbsp;&nbsp;&nbsp;Unearned premium change | **147** | (9) | (336) | (231) | 41 | (76) | (384) | (256) | (567) | (640) | (576) | (716) | **(429)** | (675) |
| &nbsp;&nbsp;&nbsp;&nbsp;Earned premiums | $**2508** | $2484 | $2397 | $2264 | $2284 | $2217 | $2075 | $1992 | $4661 | $4067 | $7145 | $6284 | $**9653** | $8568 |
| **Year over year change %** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Agency renewal written premiums | **10%** | 13% | 16% | 14% | 15% | 16% | 12% | 10% | 15% | 11% | 14% | 13% | **13%** | 13% |
| &nbsp;&nbsp;&nbsp;&nbsp;Agency new business written premiums | **(13)** | (12) | (1) | 11 | 23 | 30 | 34 | 38 | 5 | 36 | (1) | 34 | **(4)** | 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other written premiums | **(11)** | 9 | (7) | (9) | 34 | (3) | 2 | (6) | (8) | (2) | (5) | (2) | **(6)** | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net written premiums | **5** | 9 | 11 | 11 | 17 | 17 | 14 | 11 | 11 | 13 | 10 | 14 | **9** | 15 |
| **Paid losses and loss expenses** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Losses paid | $**942** | $1039 | $1049 | $1203 | $978 | $946 | $893 | $861 | $2253 | $1755 | $3292 | $2701 | $**4234** | $3680 |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss expenses paid | **187** | 178 | 197 | 196 | 185 | 168 | 174 | 176 | 392 | 349 | 570 | 517 | **757** | 701 |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss and loss expenses paid | $**1129** | $1217 | $1246 | $1399 | $1163 | $1114 | $1067 | $1037 | $2645 | $2104 | $3862 | $3218 | $**4991** | $4381 |
| **Incurred losses and loss expenses** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss and loss expense incurred | $**1397** | $1464 | $1587 | $1887 | $1255 | $1499 | $1412 | $1270 | $3474 | $2682 | $4938 | $4181 | $**6335** | $5436 |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss and loss expenses paid as a % of incurred | **80.8%** | 83.1% | 78.5% | 74.1% | 92.7% | 74.3% | 75.6% | 81.7% | 76.1% | 78.4% | 78.2% | 77.0% | **78.8%** | 80.6% |
| **Statutory combined ratio** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss ratio | **43.7%** | 49.5% | 55.4% | 72.4% | 43.2% | 58.3% | 59.1% | 55.2% | 63.6% | 57.2% | 58.7% | 57.6% | **54.9%** | 53.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss adjustment expense ratio | **12.4** | 10.9 | 11.6 | 11.7 | 11.8 | 11.0 | 10.1 | 9.6 | 11.7 | 9.8 | 11.4 | 10.2 | **11.6** | 10.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net underwriting expense ratio | **30.2** | 28.3 | 26.4 | 28.2 | 30.2 | 28.5 | 27.7 | 27.5 | 27.3 | 27.6 | 27.6 | 27.9 | **28.2** | 28.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;US Statutory combined ratio | **86.3%** | 88.7% | 93.4% | 112.3% | 85.2% | 97.8% | 96.9% | 92.3% | 102.6% | 94.6% | 97.7% | 95.7% | **94.7%** | 92.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;Contribution from catastrophe losses | **0.7** | 4.0 | 11.9 | 25.2 | 2.8 | 13.4 | 11.6 | 6.1 | 18.4 | 8.9 | 13.4 | 10.5 | **10.1** | 8.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;Statutory combined ratio excl. catastrophe losses | **85.6%** | 84.7% | 81.5% | 87.1% | 82.4% | 84.4% | 85.3% | 86.2% | 84.2% | 85.7% | 84.3% | 85.2% | **84.6%** | 84.5% |
| **GAAP combined ratio** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;GAAP combined ratio | **85.2%** | 88.2% | 94.9% | 113.3% | 84.7% | 97.4% | 98.5% | 93.6% | 103.8% | 96.1% | 98.4% | 96.5% | **94.9%** | 93.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;Contribution from catastrophe losses | **1.0** | 3.7 | 12.2 | 25.0 | 4.0 | 13.0 | 11.2 | 5.9 | 18.4 | 8.6 | 13.3 | 10.1 | **10.1** | 8.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;GAAP combined ratio excl. catastrophe losses | **84.2%** | 84.5% | 82.7% | 88.3% | 80.7% | 84.4% | 87.3% | 87.7% | 85.4% | 87.5% | 85.1% | 86.4% | **84.8%** | 84.9% |
| *\*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.* <br>*\*nm - Not meaningful*<br>*\*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. Statutory ratios exclude the results of Cincinnati Global.*<br>*\*Consolidated property casualty data includes the results of Cincinnati Re and Cincinnati Global.* | *\*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.* <br>*\*nm - Not meaningful*<br>*\*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. Statutory ratios exclude the results of Cincinnati Global.*<br>*\*Consolidated property casualty data includes the results of Cincinnati Re and Cincinnati Global.* | *\*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.* <br>*\*nm - Not meaningful*<br>*\*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. Statutory ratios exclude the results of Cincinnati Global.*<br>*\*Consolidated property casualty data includes the results of Cincinnati Re and Cincinnati Global.* | *\*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.* <br>*\*nm - Not meaningful*<br>*\*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. Statutory ratios exclude the results of Cincinnati Global.*<br>*\*Consolidated property casualty data includes the results of Cincinnati Re and Cincinnati Global.* | *\*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.* <br>*\*nm - Not meaningful*<br>*\*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. Statutory ratios exclude the results of Cincinnati Global.*<br>*\*Consolidated property casualty data includes the results of Cincinnati Re and Cincinnati Global.* | *\*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.* <br>*\*nm - Not meaningful*<br>*\*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. Statutory ratios exclude the results of Cincinnati Global.*<br>*\*Consolidated property casualty data includes the results of Cincinnati Re and Cincinnati Global.* | *\*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.* <br>*\*nm - Not meaningful*<br>*\*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. Statutory ratios exclude the results of Cincinnati Global.*<br>*\*Consolidated property casualty data includes the results of Cincinnati Re and Cincinnati Global.* | *\*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.* <br>*\*nm - Not meaningful*<br>*\*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. Statutory ratios exclude the results of Cincinnati Global.*<br>*\*Consolidated property casualty data includes the results of Cincinnati Re and Cincinnati Global.* | *\*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.* <br>*\*nm - Not meaningful*<br>*\*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. Statutory ratios exclude the results of Cincinnati Global.*<br>*\*Consolidated property casualty data includes the results of Cincinnati Re and Cincinnati Global.* | *\*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.* <br>*\*nm - Not meaningful*<br>*\*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. Statutory ratios exclude the results of Cincinnati Global.*<br>*\*Consolidated property casualty data includes the results of Cincinnati Re and Cincinnati Global.* | *\*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.* <br>*\*nm - Not meaningful*<br>*\*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. Statutory ratios exclude the results of Cincinnati Global.*<br>*\*Consolidated property casualty data includes the results of Cincinnati Re and Cincinnati Global.* | *\*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.* <br>*\*nm - Not meaningful*<br>*\*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. Statutory ratios exclude the results of Cincinnati Global.*<br>*\*Consolidated property casualty data includes the results of Cincinnati Re and Cincinnati Global.* | *\*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.* <br>*\*nm - Not meaningful*<br>*\*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. Statutory ratios exclude the results of Cincinnati Global.*<br>*\*Consolidated property casualty data includes the results of Cincinnati Re and Cincinnati Global.* | *\*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.* <br>*\*nm - Not meaningful*<br>*\*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. Statutory ratios exclude the results of Cincinnati Global.*<br>*\*Consolidated property casualty data includes the results of Cincinnati Re and Cincinnati Global.* | *\*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.* <br>*\*nm - Not meaningful*<br>*\*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. Statutory ratios exclude the results of Cincinnati Global.*<br>*\*Consolidated property casualty data includes the results of Cincinnati Re and Cincinnati Global.* |

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CINF Fourth-Quarter 2025 Supplemental Financial Data

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| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Quarterly Property Casualty Data - Commercial Lines** | **Quarterly Property Casualty Data - Commercial Lines** | **Quarterly Property Casualty Data - Commercial Lines** | **Quarterly Property Casualty Data - Commercial Lines** | **Quarterly Property Casualty Data - Commercial Lines** | **Quarterly Property Casualty Data - Commercial Lines** | **Quarterly Property Casualty Data - Commercial Lines** | **Quarterly Property Casualty Data - Commercial Lines** | **Quarterly Property Casualty Data - Commercial Lines** | **Quarterly Property Casualty Data - Commercial Lines** | **Quarterly Property Casualty Data - Commercial Lines** | **Quarterly Property Casualty Data - Commercial Lines** | **Quarterly Property Casualty Data - Commercial Lines** | **Quarterly Property Casualty Data - Commercial Lines** | **Quarterly Property Casualty Data - Commercial Lines** |
| (Dollars in millions) | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended | Six months ended | Six months ended | Nine months ended | Nine months ended | Twelve months ended | Twelve months ended |
|  | **12/31/25** | 9/30/25 | 6/30/25 | 3/31/25 | 12/31/24 | 9/30/24 | 6/30/24 | 3/31/24 | 6/30/25 | 6/30/24 | 9/30/25 | 9/30/24 | **12/31/25** | 12/31/24 |
| **Premiums** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Agency renewal written premiums | $**1039** | $1043 | $1116 | $1152 | $1001 | $987 | $1023 | $1076 | $2268 | $2099 | $3311 | $3086 | $**4350** | $4087 |
| &nbsp;&nbsp;&nbsp;&nbsp;Agency new business written premiums | **180** | 185 | 200 | 203 | 179 | 187 | 193 | 182 | 403 | 375 | 588 | 562 | **768** | 741 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other written premiums | **(34)** | (30) | (26) | (30) | (37) | (36) | (30) | (35) | (56) | (65) | (86) | (101) | **(120)** | (138) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net written premiums | $**1185** | $1198 | $1290 | $1325 | $1143 | $1138 | $1186 | $1223 | $2615 | $2409 | $3813 | $3547 | $**4998** | $4690 |
| &nbsp;&nbsp;&nbsp;&nbsp;Unearned premium change | **58** | 31 | (78) | (146) | 17 | (1) | (79) | (141) | (224) | (220) | (193) | (221) | **(135)** | (204) |
| &nbsp;&nbsp;&nbsp;&nbsp;Earned premiums | $**1243** | $1229 | $1212 | $1179 | $1160 | $1137 | $1107 | $1082 | $2391 | $2189 | $3620 | $3326 | $**4863** | $4486 |
| **Year over year change %** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Agency renewal written premiums | **4%** | 6% | 9% | 7% | 7% | 8% | 4% | 3% | 8% | 4% | 7% | 5% | **6%** | 5% |
| &nbsp;&nbsp;&nbsp;&nbsp;Agency new business written premiums | **1** | (1) | 4 | 12 | 17 | 26 | 30 | 36 | 7 | 33 | 5 | 30 | **4** | 27 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other written premiums | **8** | 17 | 13 | 14 | (28) | (9) | (7) | (3) | 14 | (5) | 15 | (6) | **13** | (11) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net written premiums | **4** | 5 | 9 | 8 | 8 | 11 | 7 | 7 | 9 | 7 | 7 | 8 | **7** | 8 |
| **Paid losses and loss expenses** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Losses paid | $**481** | $497 | $493 | $403 | $481 | $500 | $460 | $479 | $897 | $941 | $1393 | $1440 | $**1876** | $1922 |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss expenses paid | **104** | 102 | 110 | 109 | 104 | 102 | 103 | 106 | 218 | 207 | 321 | 311 | **426** | 413 |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss and loss expenses paid | $**585** | $599 | $603 | $512 | $585 | $602 | $563 | $585 | $1115 | $1148 | $1714 | $1751 | $**2302** | $2335 |
| **Incurred losses and loss expenses** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss and loss expense incurred | $**721** | $747 | $767 | $735 | $624 | $706 | $746 | $719 | $1502 | $1465 | $2249 | $2171 | $**2970** | $2795 |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss and loss expenses paid as a % of incurred | **81.1%** | 80.2% | 78.6% | 69.7% | 93.8% | 85.3% | 75.5% | 81.4% | 74.2% | 78.4% | 76.2% | 80.7% | **77.5%** | 83.5% |
| **Statutory combined ratio** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss ratio | **43.4%** | 49.5% | 50.7% | 49.7% | 41.4% | 51.0% | 57.8% | 56.5% | 50.2% | 57.2% | 50.0% | 55.1% | **48.2%** | 51.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss adjustment expense ratio | **14.5** | 11.3 | 12.7 | 12.6 | 12.4 | 11.1 | 9.6 | 9.9 | 12.6 | 9.7 | 12.2 | 10.2 | **12.8** | 10.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net underwriting expense ratio | **31.4** | 30.9 | 28.3 | 26.9 | 31.4 | 31.2 | 29.9 | 27.4 | 27.6 | 28.7 | 28.6 | 29.4 | **29.3** | 29.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;Statutory combined ratio | **89.3%** | 91.7% | 91.7% | 89.2% | 85.2% | 93.3% | 97.3% | 93.8% | 90.4% | 95.6% | 90.8% | 94.7% | **90.3%** | 92.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;Contribution from catastrophe losses | **0.6** | 2.6 | 7.0 | 3.6 | 0.9 | 5.4 | 9.3 | 6.2 | 5.4 | 7.8 | 4.4 | 6.9 | **3.5** | 5.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;Statutory combined ratio excl. catastrophe losses | **88.7%** | 89.1% | 84.7% | 85.6% | 84.3% | 87.9% | 88.0% | 87.6% | 85.0% | 87.8% | 86.4% | 87.8% | **86.8%** | 86.8% |
| **GAAP combined ratio** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;GAAP combined ratio | **88.4%** | 91.1% | 92.9% | 91.9% | 84.5% | 93.0% | 99.1% | 96.5% | 92.4% | 97.9% | 92.0% | 96.2% | **91.1%** | 93.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;Contribution from catastrophe losses | **0.6** | 2.6 | 7.0 | 3.6 | 0.9 | 5.4 | 9.3 | 6.2 | 5.4 | 7.8 | 4.4 | 6.9 | **3.5** | 5.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;GAAP combined ratio excl. catastrophe losses | **87.8%** | 88.5% | 85.9% | 88.3% | 83.6% | 87.6% | 89.8% | 90.3% | 87.0% | 90.1% | 87.6% | 89.3% | **87.6%** | 87.8% |
| *\*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. <br>\*nm - Not meaningful<br>\*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.* | *\*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. <br>\*nm - Not meaningful<br>\*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.* | *\*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. <br>\*nm - Not meaningful<br>\*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.* | *\*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. <br>\*nm - Not meaningful<br>\*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.* | *\*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. <br>\*nm - Not meaningful<br>\*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.* | *\*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. <br>\*nm - Not meaningful<br>\*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.* | *\*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. <br>\*nm - Not meaningful<br>\*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.* | *\*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. <br>\*nm - Not meaningful<br>\*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.* | *\*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. <br>\*nm - Not meaningful<br>\*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.* | *\*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. <br>\*nm - Not meaningful<br>\*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.* | *\*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. <br>\*nm - Not meaningful<br>\*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.* | *\*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. <br>\*nm - Not meaningful<br>\*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.* | *\*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. <br>\*nm - Not meaningful<br>\*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.* | *\*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. <br>\*nm - Not meaningful<br>\*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.* | *\*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. <br>\*nm - Not meaningful<br>\*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.* |

---

CINF Fourth-Quarter 2025 Supplemental Financial Data

------

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| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Quarterly Property Casualty Data - Personal Lines** | **Quarterly Property Casualty Data - Personal Lines** | **Quarterly Property Casualty Data - Personal Lines** | **Quarterly Property Casualty Data - Personal Lines** | **Quarterly Property Casualty Data - Personal Lines** | **Quarterly Property Casualty Data - Personal Lines** | **Quarterly Property Casualty Data - Personal Lines** | **Quarterly Property Casualty Data - Personal Lines** | **Quarterly Property Casualty Data - Personal Lines** | **Quarterly Property Casualty Data - Personal Lines** | **Quarterly Property Casualty Data - Personal Lines** | **Quarterly Property Casualty Data - Personal Lines** | **Quarterly Property Casualty Data - Personal Lines** | **Quarterly Property Casualty Data - Personal Lines** | **Quarterly Property Casualty Data - Personal Lines** |
| (Dollars in millions) | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended | Six months ended | Six months ended | Nine months ended | Nine months ended | Twelve months ended | Twelve months ended |
|  | **12/31/25** | 9/30/25 | 6/30/25 | 3/31/25 | 12/31/24 | 9/30/24 | 6/30/24 | 3/31/24 | 6/30/25 | 6/30/24 | 9/30/25 | 9/30/24 | **12/31/25** | 12/31/24 |
| **Premiums** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Agency renewal written premiums | $**764** | $864 | $866 | $634 | $625 | $695 | $681 | $494 | $1500 | $1175 | $2364 | $1870 | $**3128** | $2495 |
| &nbsp;&nbsp;&nbsp;&nbsp;Agency new business written premiums | **92** | 116 | 141 | 127 | 154 | 165 | 163 | 122 | 268 | 285 | 384 | 450 | **476** | 604 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other written premiums | **(29)** | (29) | (27) | (89) | (26) | (28) | (25) | (21) | (116) | (46) | (145) | (74) | **(174)** | (100) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net written premiums | $**827** | $951 | $980 | $672 | $753 | $832 | $819 | $595 | $1652 | $1414 | $2603 | $2246 | $**3430** | $2999 |
| &nbsp;&nbsp;&nbsp;&nbsp;Unearned premium change | **32** | (113) | (176) | 26 | (27) | (154) | (188) | (7) | (150) | (195) | (263) | (349) | **(231)** | (376) |
| &nbsp;&nbsp;&nbsp;&nbsp;Earned premiums | $**859** | $838 | $804 | $698 | $726 | $678 | $631 | $588 | $1502 | $1219 | $2340 | $1897 | $**3199** | $2623 |
| **Year over year change %** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Agency renewal written premiums | **22%** | 24% | 27% | 28% | 29% | 28% | 26% | 27% | 28% | 26% | 26% | 27% | **25%** | 27% |
| &nbsp;&nbsp;&nbsp;&nbsp;Agency new business written premiums | **(40)** | (30) | (13) | 4 | 41 | 35 | 54 | 54 | (6) | 54 | (15) | 47 | **(21)** | 45 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other written premiums | **(12)** | (4) | (8) | (324) | (63) | (56) | (39) | (11) | (152) | (24) | (96) | (35) | **(74)** | (41) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net written premiums | **10** | 14 | 20 | 13 | 30 | 29 | 30 | 33 | 17 | 31 | 16 | 30 | **14** | 30 |
| **Paid losses and loss expenses** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Losses paid | $**346** | $424 | $446 | $609 | $388 | $355 | $335 | $282 | $1055 | $618 | $1479 | $973 | $**1824** | $1361 |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss expenses paid | **58** | 52 | 63 | 64 | 56 | 46 | 51 | 51 | 127 | 102 | 179 | 148 | **237** | 204 |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss and loss expenses paid | $**404** | $476 | $509 | $673 | $444 | $401 | $386 | $333 | $1182 | $720 | $1658 | $1121 | $**2061** | $1565 |
| **Incurred losses and loss expenses** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss and loss expense incurred | $**468** | $507 | $598 | $846 | $374 | $553 | $489 | $379 | $1444 | $868 | $1951 | $1421 | $**2419** | $1795 |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss and loss expenses paid as a % of incurred | **86.3%** | 93.9% | 85.1% | 79.6% | 118.7% | 72.5% | 78.9% | 87.9% | 81.9% | 82.9% | 85.0% | 78.9% | **85.2%** | 87.2% |
| **Statutory combined ratio** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss ratio | **45.1%** | 50.9% | 64.8% | 110.1% | 41.1% | 71.7% | 67.1% | 55.2% | 85.9% | 61.3% | 73.4% | 65.0% | **65.8%** | 58.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss adjustment expense ratio | **9.5** | 9.5 | 9.6 | 11.0 | 10.4 | 9.8 | 10.5 | 9.3 | 10.3 | 9.9 | 10.0 | 9.9 | **9.9** | 10.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net underwriting expense ratio | **28.2** | 25.9 | 24.7 | 31.2 | 28.5 | 25.8 | 25.2 | 29.6 | 27.3 | 27.1 | 26.8 | 26.6 | **27.1** | 27.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;Statutory combined ratio | **82.8%** | 86.3% | 99.1% | 152.3% | 80.0% | 107.3% | 102.8% | 94.1% | 123.5% | 98.3% | 110.2% | 101.5% | **102.8%** | 95.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;Contribution from catastrophe losses | **1.3** | 7.1 | 23.8 | 58.7 | 0.2 | 26.6 | 20.9 | 8.8 | 40.0 | 15.0 | 28.3 | 19.2 | **21.0** | 13.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;Statutory combined ratio excl. catastrophe losses | **81.5%** | 79.2% | 75.3% | 93.6% | 79.8% | 80.7% | 81.9% | 85.3% | 83.5% | 83.3% | 81.9% | 82.3% | **81.8%** | 81.6% |
| **GAAP combined ratio** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;GAAP combined ratio | **81.5%** | 88.2% | 102.0% | 151.3% | 80.2% | 110.3% | 106.9% | 93.9% | 124.9% | 100.6% | 111.8% | 104.1% | **103.6%** | 97.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;Contribution from catastrophe losses | **1.3** | 7.1 | 23.8 | 58.7 | 0.2 | 26.6 | 20.9 | 8.8 | 40.0 | 15.0 | 28.3 | 19.2 | **21.0** | 13.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;GAAP combined ratio excl. catastrophe losses | **80.2%** | 81.1% | 78.2% | 92.6% | 80.0% | 83.7% | 86.0% | 85.1% | 84.9% | 85.6% | 83.5% | 84.9% | **82.6%** | 83.6% |
| *\*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. <br>\*nm - Not meaningful<br>\*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.* | *\*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. <br>\*nm - Not meaningful<br>\*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.* | *\*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. <br>\*nm - Not meaningful<br>\*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.* | *\*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. <br>\*nm - Not meaningful<br>\*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.* | *\*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. <br>\*nm - Not meaningful<br>\*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.* | *\*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. <br>\*nm - Not meaningful<br>\*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.* | *\*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. <br>\*nm - Not meaningful<br>\*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.* | *\*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. <br>\*nm - Not meaningful<br>\*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.* | *\*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. <br>\*nm - Not meaningful<br>\*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.* | *\*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. <br>\*nm - Not meaningful<br>\*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.* | *\*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. <br>\*nm - Not meaningful<br>\*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.* | *\*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. <br>\*nm - Not meaningful<br>\*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.* | *\*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. <br>\*nm - Not meaningful<br>\*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.* | *\*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. <br>\*nm - Not meaningful<br>\*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.* | *\*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. <br>\*nm - Not meaningful<br>\*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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CINF Fourth-Quarter 2025 Supplemental Financial Data

------

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| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Quarterly Property Casualty Data - Excess & Surplus Lines** | **Quarterly Property Casualty Data - Excess & Surplus Lines** | **Quarterly Property Casualty Data - Excess & Surplus Lines** | **Quarterly Property Casualty Data - Excess & Surplus Lines** | **Quarterly Property Casualty Data - Excess & Surplus Lines** | **Quarterly Property Casualty Data - Excess & Surplus Lines** | **Quarterly Property Casualty Data - Excess & Surplus Lines** | **Quarterly Property Casualty Data - Excess & Surplus Lines** | **Quarterly Property Casualty Data - Excess & Surplus Lines** | **Quarterly Property Casualty Data - Excess & Surplus Lines** | **Quarterly Property Casualty Data - Excess & Surplus Lines** | **Quarterly Property Casualty Data - Excess & Surplus Lines** | **Quarterly Property Casualty Data - Excess & Surplus Lines** | **Quarterly Property Casualty Data - Excess & Surplus Lines** | **Quarterly Property Casualty Data - Excess & Surplus Lines** |
| (Dollars in millions) | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended | Six months ended | Six months ended | Nine months ended | Nine months ended | Twelve months ended | Twelve months ended |
|  | **12/31/25** | 9/30/25 | 6/30/25 | 3/31/25 | 12/31/24 | 9/30/24 | 6/30/24 | 3/31/24 | 6/30/25 | 6/30/24 | 9/30/25 | 9/30/24 | **12/31/25** | 12/31/24 |
| **Premiums** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Agency renewal written premiums | $**136** | $130 | $153 | $126 | $133 | $113 | $139 | $113 | $279 | $252 | $409 | $365 | $**545** | $498 |
| &nbsp;&nbsp;&nbsp;&nbsp;Agency new business written premiums | **59** | 55 | 63 | 53 | 49 | 54 | 51 | 42 | 116 | 93 | 171 | 147 | **230** | 196 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other written premiums | **(11)** | (10) | (14) | (11) | (11) | (10) | (10) | (9) | (25) | (19) | (35) | (29) | **(46)** | (40) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net written premiums | $**184** | $175 | $202 | $168 | $171 | $157 | $180 | $146 | $370 | $326 | $545 | $483 | $**729** | $654 |
| &nbsp;&nbsp;&nbsp;&nbsp;Unearned premium change | **4** | (1) | (28) | (6) | (3) |  | (29) | (7) | (34) | (36) | (35) | (36) | **(31)** | (39) |
| &nbsp;&nbsp;&nbsp;&nbsp;Earned premiums | $**188** | $174 | $174 | $162 | $168 | $157 | $151 | $139 | $336 | $290 | $510 | $447 | $**698** | $615 |
| **Year over year change %** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Agency renewal written premiums | **2%** | 15% | 10% | 12% | 19% | 22% | 19% | 7% | 11% | 13% | 12% | 16% | **9%** | 16% |
| &nbsp;&nbsp;&nbsp;&nbsp;Agency new business written premiums | **20** | 2 | 24 | 26 | 2 | 26 | 6 | 11 | 25 | 8 | 16 | 14 | **17** | 11 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other written premiums | **—** |  | (40) | (22) | (10) | (25) | (11) | (13) | (32) | (12) | (21) | (16) | **(15)** | (14) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net written premiums | **8** | 11 | 12 | 15 | 14 | 23 | 15 | 7 | 13 | 12 | 13 | 15 | **11** | 15 |
| **Paid losses and loss expenses** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Losses paid | $**43** | $42 | $38 | $40 | $39 | $34 | $41 | $46 | $78 | $86 | $121 | $121 | $**163** | $160 |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss expenses paid | **19** | 19 | 17 | 18 | 19 | 17 | 16 | 17 | 35 | 34 | 53 | 49 | **72** | 69 |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss and loss expenses paid | $**62** | $61 | $55 | $58 | $58 | $51 | $57 | $63 | $113 | $120 | $174 | $170 | $**235** | $229 |
| **Incurred losses and loss expenses** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss and loss expense incurred | $**108** | $108 | $110 | $99 | $112 | $107 | $102 | $90 | $209 | $192 | $317 | $299 | $**425** | $411 |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss and loss expenses paid as a % of incurred | **57.4%** | 56.5% | 50.0% | 58.6% | 51.8% | 47.7% | 55.9% | 70.0% | 54.1% | 62.5% | 54.9% | 56.9% | **55.3%** | 55.7% |
| **Statutory combined ratio** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss ratio | **39.1%** | 42.8% | 43.8% | 43.1% | 45.1% | 45.2% | 48.6% | 48.9% | 43.4% | 48.7% | 43.2% | 47.5% | **42.1%** | 46.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss adjustment expense ratio | **18.4** | 19.2 | 19.7 | 17.8 | 21.4 | 23.4 | 19.0 | 15.6 | 18.8 | 17.4 | 19.0 | 19.5 | **18.8** | 20.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net underwriting expense ratio | **27.3** | 26.6 | 25.3 | 25.5 | 27.3 | 26.7 | 26.0 | 26.0 | 25.4 | 26.0 | 25.8 | 26.2 | **26.2** | 26.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;Statutory combined ratio | **84.8%** | 88.6% | 88.8% | 86.4% | 93.8% | 95.3% | 93.6% | 90.5% | 87.6% | 92.1% | 88.0% | 93.2% | **87.1%** | 93.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;Contribution from catastrophe losses | **(0.6)** | 0.1 | 1.3 | 0.3 | 1.1 | 1.5 | 1.9 | 0.5 | 0.9 | 1.2 | 0.6 | 1.4 | **0.3** | 1.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;Statutory combined ratio excl. catastrophe losses | **85.4%** | 88.5% | 87.5% | 86.1% | 92.7% | 93.8% | 91.7% | 90.0% | 86.7% | 90.9% | 87.4% | 91.8% | **86.8%** | 92.0% |
| **GAAP combined ratio** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;GAAP combined ratio | **84.7%** | 89.8% | 91.1% | 88.3% | 93.1% | 95.3% | 95.4% | 91.9% | 89.8% | 93.7% | 89.8% | 94.3% | **88.4%** | 94.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;Contribution from catastrophe losses | **(0.6)** | 0.1 | 1.3 | 0.3 | 1.1 | 1.5 | 1.9 | 0.5 | 0.9 | 1.2 | 0.6 | 1.4 | **0.3** | 1.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;GAAP combined ratio excl. catastrophe losses | **85.3%** | 89.7% | 89.8% | 88.0% | 92.0% | 93.8% | 93.5% | 91.4% | 88.9% | 92.5% | 89.2% | 92.9% | **88.1%** | 92.7% |
| *\*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts. The sum of quarterly amounts may not equal the full year as each is computed independently. <br>\*nm - Not meaningful<br>\*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.* | *\*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. <br>\*nm - Not meaningful<br>\*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.* | *\*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. <br>\*nm - Not meaningful<br>\*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.* | *\*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. <br>\*nm - Not meaningful<br>\*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.* | *\*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. <br>\*nm - Not meaningful<br>\*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.* | *\*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. <br>\*nm - Not meaningful<br>\*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.* | *\*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. <br>\*nm - Not meaningful<br>\*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.* | *\*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. <br>\*nm - Not meaningful<br>\*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.* | *\*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. <br>\*nm - Not meaningful<br>\*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.* | *\*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. <br>\*nm - Not meaningful<br>\*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.* | *\*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. <br>\*nm - Not meaningful<br>\*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.* | *\*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. <br>\*nm - Not meaningful<br>\*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.* | *\*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. <br>\*nm - Not meaningful<br>\*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.* | *\*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. <br>\*nm - Not meaningful<br>\*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.* | *\*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. <br>\*nm - Not meaningful<br>\*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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CINF Fourth-Quarter 2025 Supplemental Financial Data

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Consolidated Cincinnati Insurance Companies** | **Consolidated Cincinnati Insurance Companies** | **Consolidated Cincinnati Insurance Companies** | **Consolidated Cincinnati Insurance Companies** | **Consolidated Cincinnati Insurance Companies** | **Consolidated Cincinnati Insurance Companies** | **Consolidated Cincinnati Insurance Companies** | **Consolidated Cincinnati Insurance Companies** | **Consolidated Cincinnati Insurance Companies** |
| **Statutory Statements of Income** | **Statutory Statements of Income** | **Statutory Statements of Income** | **Statutory Statements of Income** | **Statutory Statements of Income** | **Statutory Statements of Income** | **Statutory Statements of Income** | **Statutory Statements of Income** | **Statutory Statements of Income** |
| | **For the Three Months Ended December 31,** | **For the Three Months Ended December 31,** | **For the Three Months Ended December 31,** | **For the Three Months Ended December 31,** | **For the Twelve Months Ended December 31,** | **For the Twelve Months Ended December 31,** | **For the Twelve Months Ended December 31,** | **For the Twelve Months Ended December 31,** |
| (Dollars in millions) | **2025** | 2024 | Change | % Change | **2025** | 2024 | Change | % Change |
| **Underwriting income** |  |  |  |  |  |  |  |  |
| Net premiums written | $**2282** | $2166 | $116 | 5 | $**9748** | $8940 | $808 | 9 |
| Unearned premium change | **(146)** | (50) | (96) | (192) | **406** | 643 | (237) | (37) |
| &nbsp;&nbsp;&nbsp;&nbsp;**Earned premiums** | $**2428** | $2216 | $212 | 10 | $**9342** | $8297 | $1045 | 13 |
| Losses incurred | $**1062** | $957 | $105 | 11 | $**5124** | $4460 | $664 | 15 |
| Defense and cost containment expenses incurred | **163** | 140 | 23 | 16 | **554** | 427 | 127 | 30 |
| Adjusting and other expenses incurred | **137** | 122 | 15 | 12 | **533** | 455 | 78 | 17 |
| Other underwriting expenses incurred | **686** | 653 | 33 | 5 | **2746** | 2539 | 207 | 8 |
| Workers compensation dividend incurred | **1** | 2 | (1) | (50) | **4** | 6 | (2) | (33) |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total underwriting deductions** | $**2049** | $1874 | $175 | 9 | $**8961** | $7887 | $1074 | 14 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Net underwriting profit** | $**379** | $342 | $37 | 11 | $**381** | $410 | $(29) | (7) |
| **Investment income** |  |  |  |  |  |  |  |  |
| Gross investment income earned | $**221** | $195 | $26 | 13 | $**808** | $679 | $129 | 19 |
| **Net investment income earned** | **220** | 191 | 29 | 15 | **797** | 669 | 128 | 19 |
| Realized capital gains and losses, net | **(3)** | 67 | (70) | nm | **23** | 400 | (377) | (94) |
| &nbsp;&nbsp;&nbsp;&nbsp;**Net investment gains** | $**217** | $258 | $(41) | (16) | $**820** | $1069 | $(249) | (23) |
| &nbsp;&nbsp;&nbsp;&nbsp;**Other income** | $**2** | $2 | $— |  | $**7** | $7 | $— |  |
| Net income before federal income taxes | $**598** | $602 | $(4) | (1) | $**1208** | $1486 | $(278) | (19) |
| Federal and foreign income taxes incurred | **106** | 99 | 7 | 7 | **167** | 182 | (15) | (8) |
| &nbsp;&nbsp;&nbsp;&nbsp;**Net income (statutory)** | $**492** | $503 | $(11) | (2) | $**1041** | $1304 | $(263) | (20) |
| &nbsp;&nbsp;&nbsp;&nbsp;**Policyholders' surplus - statutory\*\*** | $**9749** | $8603 | $1146 | 13 | $**9749** | $8603 | $1146 | 13 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Fixed maturities at amortized cost - statutory** | $**13768** | $12237 | $1531 | 13 | $**13768** | $12237 | $1531 | 13 |
| *\*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. <br>\*nm - Not meaningful<br>\*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.<br>\*\*Current year policyholders' surplus amount subject to change.* | *\*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. <br>\*nm - Not meaningful<br>\*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.<br>\*\*Current year policyholders' surplus amount subject to change.* | *\*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. <br>\*nm - Not meaningful<br>\*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.<br>\*\*Current year policyholders' surplus amount subject to change.* | *\*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. <br>\*nm - Not meaningful<br>\*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.<br>\*\*Current year policyholders' surplus amount subject to change.* | *\*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. <br>\*nm - Not meaningful<br>\*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.<br>\*\*Current year policyholders' surplus amount subject to change.* | *\*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. <br>\*nm - Not meaningful<br>\*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.<br>\*\*Current year policyholders' surplus amount subject to change.* | *\*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. <br>\*nm - Not meaningful<br>\*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.<br>\*\*Current year policyholders' surplus amount subject to change.* | *\*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. <br>\*nm - Not meaningful<br>\*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.<br>\*\*Current year policyholders' surplus amount subject to change.* | *\*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. <br>\*nm - Not meaningful<br>\*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.<br>\*\*Current year policyholders' surplus amount subject to change.* |

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CINF Fourth-Quarter 2025 Supplemental Financial Data

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **The Cincinnati Life Insurance Company** | **The Cincinnati Life Insurance Company** | **The Cincinnati Life Insurance Company** | **The Cincinnati Life Insurance Company** | **The Cincinnati Life Insurance Company** | **The Cincinnati Life Insurance Company** | **The Cincinnati Life Insurance Company** | **The Cincinnati Life Insurance Company** | **The Cincinnati Life Insurance Company** |
| **Statutory Statements of Income** | **Statutory Statements of Income** | **Statutory Statements of Income** | **Statutory Statements of Income** | **Statutory Statements of Income** | **Statutory Statements of Income** | **Statutory Statements of Income** | **Statutory Statements of Income** | **Statutory Statements of Income** |
| | **For the Three Months Ended December 31,** | **For the Three Months Ended December 31,** | **For the Three Months Ended December 31,** | **For the Three Months Ended December 31,** | **For the Twelve Months Ended December 31,** | **For the Twelve Months Ended December 31,** | **For the Twelve Months Ended December 31,** | **For the Twelve Months Ended December 31,** |
| (Dollars in millions) | **2025** | 2024 | Change | % Change | **2025** | 2024 | Change | % Change |
| Net premiums written | $**94** | $91 | $3 | 3 | $**357** | $359 | $(2) | (1) |
| Net investment income | **54** | 50 | 4 | 8 | **204** | 192 | 12 | 6 |
| Commissions and expense allowances on reinsurance ceded | **1** | 1 |  |  | **4** | 4 |  |  |
| Income from fees associated with separate accounts | **1** | 1 |  |  | **6** | 5 | 1 | 20 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total revenues** | $**150** | $143 | $7 | 5 | $**571** | $560 | $11 | 2 |
| Death benefits and matured endowments | $**38** | $46 | $(8) | (17) | $**170** | $172 | $(2) | (1) |
| Annuity benefits | **27** | 21 | 6 | 29 | **92** | 118 | (26) | (22) |
| Disability benefits and benefits under accident and health contracts | **—** |  |  |  | **2** | 2 |  |  |
| Surrender benefits and group conversions | **11** | 9 | 2 | 22 | **39** | 35 | 4 | 11 |
| Interest and adjustments on deposit-type contract funds | **2** | 2 |  |  | **7** | 6 | 1 | 17 |
| Increase in aggregate reserves for life and accident and health contracts | **(2)** | 2 | (4) | nm | **(7)** | (18) | 11 | 61 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total benefit expenses** | $**76** | $80 | $(4) | (5) | $**303** | $315 | $(12) | (4) |
| Commissions | $**14** | $12 | $2 | 17 | $**51** | $49 | $2 | 4 |
| General insurance expenses and taxes | **15** | 17 | (2) | (12) | **60** | 62 | (2) | (3) |
| Increase in loading on deferred and uncollected premiums | **1** | (2) | 3 | nm | **5** |  | 5 | nm |
| Net transfers from Separate Accounts | **(2)** | (3) | 1 | 33 | **(11)** | (6) | (5) | (83) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total underwriting expenses** | $**28** | $24 | $4 | 17 | $**105** | $105 | $— |  |
| Federal and foreign income tax provision | **10** | 11 | (1) | (9) | **38** | 35 | 3 | 9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Net gain from operations before capital gains or losses** | $**36** | $28 | $8 | 29 | $**125** | $105 | $20 | 19 |
| Gains and losses net of capital gains tax, net | **(1)** | 1 | (2) | nm | **(5)** | (9) | 4 | 44 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Net income - statutory** | $**35** | $29 | $6 | 21 | $**120** | $96 | $24 | 25 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Policyholders' surplus - statutory\*\*** | $**623** | $508 | $115 | 23 | $**623** | $508 | $115 | 23 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Fixed maturities at amortized cost - statutory** | $**3912** | $3884 | $28 | 1 | $**3912** | $3884 | $28 | 1 |
| *\*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. <br>\*nm - Not meaningful<br>\*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.<br>\*\*Current year policyholders' surplus amount subject to change.* | *\*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. <br>\*nm - Not meaningful<br>\*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.<br>\*\*Current year policyholders' surplus amount subject to change.* | *\*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. <br>\*nm - Not meaningful<br>\*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.<br>\*\*Current year policyholders' surplus amount subject to change.* | *\*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. <br>\*nm - Not meaningful<br>\*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.<br>\*\*Current year policyholders' surplus amount subject to change.* | *\*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. <br>\*nm - Not meaningful<br>\*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.<br>\*\*Current year policyholders' surplus amount subject to change.* | *\*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. <br>\*nm - Not meaningful<br>\*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.<br>\*\*Current year policyholders' surplus amount subject to change.* | *\*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. <br>\*nm - Not meaningful<br>\*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.<br>\*\*Current year policyholders' surplus amount subject to change.* | *\*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. <br>\*nm - Not meaningful<br>\*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.<br>\*\*Current year policyholders' surplus amount subject to change.* | *\*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. <br>\*nm - Not meaningful<br>\*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.<br>\*\*Current year policyholders' surplus amount subject to change.* |

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*&nbsp;&nbsp;&nbsp;&nbsp;*

CINF Fourth-Quarter 2025 Supplemental Financial Data

------

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| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Quarterly Data - Other** | **Quarterly Data - Other** | **Quarterly Data - Other** | **Quarterly Data - Other** | **Quarterly Data - Other** | **Quarterly Data - Other** | **Quarterly Data - Other** | **Quarterly Data - Other** | **Quarterly Data - Other** | **Quarterly Data - Other** | **Quarterly Data - Other** | **Quarterly Data - Other** | **Quarterly Data - Other** | **Quarterly Data - Other** | **Quarterly Data - Other** |
| (Dollars in millions) | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended | Six months ended | Six months ended | Nine months ended | Nine months ended | Twelve months ended | Twelve months ended |
|  | **12/31/25** | 9/30/25 | 6/30/25 | 3/31/25 | 12/31/24 | 9/30/24 | 6/30/24 | 3/31/24 | 6/30/25 | 6/30/24 | 9/30/25 | 9/30/24 | **12/31/25** | 12/31/24 |
| **Cincinnati Re:** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Written premiums | $**86** | $87 | $164 | $255 | $99 | $89 | $207 | $202 | $418 | $409 | $505 | $498 | $**591** | $597 |
| &nbsp;&nbsp;&nbsp;Year over year change %- written premium | **(13)%** | (2)% | (21)% | 26% | 50% | 5% | 17% | (12)% | 2% | —% | 1% | 1% | **(1)%** | 7% |
| &nbsp;&nbsp;&nbsp;Earned premiums | $**138** | $141 | $142 | $161 | $162 | $138 | $138 | $135 | $303 | $273 | $444 | $411 | $**582** | $573 |
| &nbsp;&nbsp;&nbsp;Current accident year before catastrophe losses | **52.7%** | 52.9% | 56.2% | 46.6% | 37.6% | 52.5% | 49.6% | 63.0% | 51.1% | 56.3% | 51.7% | 55.0% | **51.9%** | 50.0% |
| &nbsp;&nbsp;&nbsp;Current accident year catastrophe losses | **(0.8)** | 3.6 | (0.6) | 66.3 | 29.1 | 30.2 | 2.4 |  | 34.9 | 1.2 | 25.0 | 11.0 | **18.9** | 16.1 |
| &nbsp;&nbsp;&nbsp;Prior accident years before catastrophe losses | **(5.3)** | (0.9) | 5.7 | (4.5) | 0.7 | (10.1) | (0.8) | (10.4) | 0.3 | (5.6) | (0.1) | (7.1) | **(1.3)** | (4.9) |
| &nbsp;&nbsp;&nbsp;Prior accident years catastrophe losses | **0.4** | (2.1) | (1.2) | (2.4) |  | (2.5) | (4.7) |  | (1.8) | (2.4) | (1.9) | (2.4) | **(1.4)** | (1.7) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loss and loss expense ratio | **47.0%** | 53.5% | 60.1% | 106.0% | 67.4% | 70.1% | 46.5% | 52.6% | 84.5% | 49.5% | 74.7% | 56.5% | **68.1%** | 59.5% |
| **Cincinnati Global:** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Written premiums | $**79** | $82 | $97 | $75 | $77 | $77 | $67 | $82 | $173 | $149 | $255 | $226 | $**334** | $303 |
| &nbsp;&nbsp;&nbsp;Year over year change %- written premium | **3%** | 6% | 45% | (9)% | 18% | 12% | (18)% | 28% | 16% | 2% | 13% | 5% | **10%** | 8% |
| &nbsp;&nbsp;&nbsp;Earned premiums | $**80** | $102 | $65 | $64 | $68 | $107 | $48 | $48 | $129 | $96 | $231 | $203 | $**311** | $271 |
| &nbsp;&nbsp;&nbsp;Current accident year before catastrophe losses | **35.6%** | 35.1% | 41.8% | 39.3% | 20.6% | 31.6% | 47.9% | 48.2% | 40.6% | 48.1% | 38.2% | 39.4% | **37.5%** | 34.7% |
| &nbsp;&nbsp;&nbsp;Current accident year catastrophe losses | **14.3** | 0.5 | 3.7 | 31.4 | 47.1 | 9.6 |  |  | 17.4 |  | 9.9 | 5.0 | **11.0** | 15.6 |
| &nbsp;&nbsp;&nbsp;Prior accident years before catastrophe losses | **(1.7)** | (10.1) | (22.4) | (0.2) | (10.4) | (3.8) | (21.2) | (19.7) | (11.4) | (20.4) | (10.8) | (11.7) | **(8.5)** | (11.4) |
| &nbsp;&nbsp;&nbsp;Prior accident years catastrophe losses | **(4.0)** | (0.1) | 17.3 | (13.9) | (3.4) | (3.6) | (4.4) | (5.9) | 1.8 | (5.2) | 0.9 | (4.3) | **(0.3)** | (4.1) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loss and loss expense ratio | **44.2%** | 25.4% | 40.4% | 56.6% | 53.9% | 33.8% | 22.3% | 22.6% | 48.4% | 22.5% | 38.2% | 28.4% | **39.7%** | 34.8% |
| **Noninsurance operations:** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest and fees on loans and leases | $**3** | $3 | $2 | $3 | $2 | $3 | $2 | $2 | $5 | $4 | $8 | $7 | $**11** | $9 |
| &nbsp;&nbsp;&nbsp;Other revenue | **3** | 3 | 3 | 1 | 3 |  | 2 | 1 | 4 | 3 | 7 | 3 | **10** | 6 |
| &nbsp;&nbsp;&nbsp;Interest expense | **13** | 13 | 14 | 13 | 13 | 13 | 14 | 13 | 27 | 27 | 40 | 40 | **53** | 53 |
| &nbsp;&nbsp;&nbsp;Operating expense | **7** | 6 | 10 | 11 | 13 | 6 | 9 | 4 | 21 | 13 | 27 | 19 | **34** | 32 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total noninsurance operations loss | $**(14)** | $(13) | $(19) | $(20) | $(21) | $(16) | $(19) | $(14) | $(39) | $(33) | $(52) | $(49) | $**(66)** | $(70) |
| *\*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.* | *\*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.* | *\*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.* | *\*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.* | *\*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.* | *\*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.* | *\*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.* | *\*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.* | *\*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.* | *\*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.* | *\*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.* | *\*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.* | *\*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.* | *\*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.* | *\*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.* |
| *\*Noninsurance operations include the noninvestment operations of the parent company and a noninsurance subsidiary, CFC Investment Company.* | *\*Noninsurance operations include the noninvestment operations of the parent company and a noninsurance subsidiary, CFC Investment Company.* | *\*Noninsurance operations include the noninvestment operations of the parent company and a noninsurance subsidiary, CFC Investment Company.* | *\*Noninsurance operations include the noninvestment operations of the parent company and a noninsurance subsidiary, CFC Investment Company.* | *\*Noninsurance operations include the noninvestment operations of the parent company and a noninsurance subsidiary, CFC Investment Company.* | *\*Noninsurance operations include the noninvestment operations of the parent company and a noninsurance subsidiary, CFC Investment Company.* | *\*Noninsurance operations include the noninvestment operations of the parent company and a noninsurance subsidiary, CFC Investment Company.* | *\*Noninsurance operations include the noninvestment operations of the parent company and a noninsurance subsidiary, CFC Investment Company.* | *\*Noninsurance operations include the noninvestment operations of the parent company and a noninsurance subsidiary, CFC Investment Company.* | *\*Noninsurance operations include the noninvestment operations of the parent company and a noninsurance subsidiary, CFC Investment Company.* | *\*Noninsurance operations include the noninvestment operations of the parent company and a noninsurance subsidiary, CFC Investment Company.* | *\*Noninsurance operations include the noninvestment operations of the parent company and a noninsurance subsidiary, CFC Investment Company.* | *\*Noninsurance operations include the noninvestment operations of the parent company and a noninsurance subsidiary, CFC Investment Company.* | *\*Noninsurance operations include the noninvestment operations of the parent company and a noninsurance subsidiary, CFC Investment Company.* | *\*Noninsurance operations include the noninvestment operations of the parent company and a noninsurance subsidiary, CFC Investment Company.* |

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CINF Fourth-Quarter 2025 Supplemental Financial Data