CINCINNATI FINANCIAL CORP
For the period ended Jun 30, 2024. Filed Jul 25, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Jul 25, 2024
CINF$189.89+2.0%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Income
| (Dollars in millions, except per share data) | Three months ended June 30, | Six months ended June 30, | ||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues | ||||
| Earned premiums | $2,156 | $1,943 | $4,227 | $3,861 |
| Investment income, net of expenses | 242 | 220 | 487 | 430 |
| Investment gains and losses, net | 137 | 434 | 749 | 540 |
| Fee revenues | 5 | 6 | 9 | 10 |
| Other revenues | 4 | 2 | 7 | 5 |
| Total revenues | 2,544 | 2,605 | 5,479 | 4,846 |
| Benefits and Expenses | ||||
| Insurance losses and contract holders' benefits | 1,480 | 1,340 | 2,829 | 2,738 |
| Underwriting, acquisition and insurance expenses | 655 | 579 | 1,271 | 1,135 |
| Interest expense | 14 | 13 | 27 | 27 |
| Other operating expenses | 9 | 7 | 13 | 12 |
| Total benefits and expenses | 2,158 | 1,939 | 4,140 | 3,912 |
| Income Before Income Taxes | 386 | 666 | 1,339 | 934 |
| Provision for Income Taxes | ||||
| Current | 61 | 51 | 122 | 67 |
| Deferred | 13 | 81 | 150 | 108 |
| Total provision for income taxes | 74 | 132 | 272 | 175 |
| Net Income | $312 | $534 | $1,067 | $759 |
| Per Common Share | ||||
| Net income — basic | $1.99 | $3.40 | $6.82 | $4.83 |
| Net income — diluted | 1.98 | 3.38 | 6.77 | 4.80 |
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