CINCINNATI FINANCIAL CORP
For the period ended Dec 31, 2024. Filed Feb 24, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 24, 2025
CINF$186.18+0.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| (Dollars in millions, except per share data) | December 31, | December 31, |
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Investments | ||
| Fixed maturities, at fair value (amortized cost: 2024—$16,735; 2023—$14,361) | $16,182 | $13,791 |
| Equity securities, at fair value (cost: 2024—$3,953; 2023—$4,282) | 11,185 | 10,989 |
| Short-term investments, at fair value (amortized cost: 2024—$298) | 298 | — |
| Other invested assets | 713 | 577 |
| Total investments | 28,378 | 25,357 |
| Cash and cash equivalents | 983 | 907 |
| Investment income receivable | 222 | 192 |
| Finance receivable | 120 | 108 |
| Premiums receivable | 2,969 | 2,592 |
| Reinsurance recoverable | 523 | 651 |
| Prepaid reinsurance premiums | 70 | 55 |
| Deferred policy acquisition costs | 1,242 | 1,093 |
| Land, building and equipment, net, for company use (accumulated depreciation: 2024—$347; 2023—$337) | 214 | 208 |
| Other assets | 828 | 681 |
| Separate accounts | 952 | 925 |
| Total assets | $36,501 | $32,769 |
| Liabilities | ||
| Insurance reserves | ||
| Loss and loss expense reserves | $10,003 | $9,050 |
| Life policy and investment contract reserves | 2,960 | 3,068 |
| Unearned premiums | 4,813 | 4,119 |
| Other liabilities | 1,487 | 1,311 |
| Deferred income tax | 1,476 | 1,324 |
| Note payable | 25 | 25 |
| Long-term debt and lease obligations | 850 | 849 |
| Separate accounts | 952 | 925 |
| Total liabilities | 22,566 | 20,671 |
| Commitments and contingent liabilities (Note 16) | ||
| Shareholders' Equity | ||
| Common stock, par value—$2 per share; (authorized: 2024 and 2023—500 million shares; issued: 2024 and 2023—198.3 million shares) | 397 | 397 |
| Paid-in capital | 1,502 | 1,437 |
| Retained earnings | 14,869 | 13,084 |
| Accumulated other comprehensive loss | (309) | (435) |
| Treasury stock, at cost (2024—41.9 million shares and 2023—41.3 million shares) | (2,524) | (2,385) |
| Total shareholders' equity | 13,935 | 12,098 |
| Total liabilities and shareholders' equity | $36,501 | $32,769 |
Cincinnati Financial Corporation - 2024 10-K - Page 123
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.