CINCINNATI FINANCIAL CORP
For the period ended Dec 31, 2023. Filed Feb 26, 2024.
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FY2023 · Filed Feb 26, 2024
CINF$186.18+0.4%Stored close · as of Nov 9, 2026
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Consolidated Statements of Shareholders’ Equity
| (Dollars in millions) | Years ended December 31, | ||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Common Stock | |||
| Beginning of year | $397 | $397 | $397 |
| Share-based awards | — | — | — |
| End of year | 397 | 397 | 397 |
| Paid-In Capital | |||
| Beginning of year | 1,392 | 1,356 | 1,328 |
| Share-based awards | (3) | (10) | (14) |
| Share-based compensation | 40 | 37 | 33 |
| Other | 8 | 9 | 9 |
| End of year | 1,437 | 1,392 | 1,356 |
| Retained Earnings | |||
| Beginning of year | 11,711 | 12,635 | 10,085 |
| Cumulative effect of change in accounting for long-duration insurance contracts (Note 1) | — | — | (12) |
| Adjusted beginning of year | 11,711 | 12,635 | 10,073 |
| Net income (loss) | 1,843 | (487) | 2,968 |
| Dividends declared | (470) | (437) | (406) |
| End of year | 13,084 | 11,711 | 12,635 |
| Accumulated Other Comprehensive Income (Loss) | |||
| Beginning of year | (614) | 297 | 769 |
| Cumulative effect of change in accounting for long-duration insurance contracts (Note 1) | — | — | (434) |
| Adjusted beginning of year | (614) | 297 | 335 |
| Other comprehensive income (loss) | 179 | (911) | (38) |
| End of year | (435) | (614) | 297 |
| Treasury Stock | |||
| Beginning of year | (2,324) | (1,921) | (1,790) |
| Share-based awards | 11 | 14 | 18 |
| Shares acquired - share repurchase authorization | (67) | (410) | (144) |
| Shares acquired - share-based compensation plans | (8) | (10) | (8) |
| Other | 3 | 3 | 3 |
| End of year | (2,385) | (2,324) | (1,921) |
| Total Shareholders' Equity | $12,098 | $10,562 | $12,764 |
| (In millions) | |||
| Common Stock - Shares Outstanding | |||
| Beginning of year | 157.1 | 160.3 | 160.9 |
| Share-based awards | 0.4 | 0.5 | 0.6 |
| Shares acquired - share repurchase authorization | (0.6) | (3.8) | (1.2) |
| Shares acquired - share-based compensation plans | — | — | (0.1) |
| Other | 0.1 | 0.1 | 0.1 |
| End of year | 157.0 | 157.1 | 160.3 |
Cincinnati Financial Corporation - 2023 10-K - Page 126
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.