Cincinnati Financial Corporation (CINF) Financial Statements (2024 and earlier)

Company Profile

Business Address 6200 S GILMORE RD
FAIRFIELD, OH 45014
State of Incorp. OH
Fiscal Year End December 31
Industry (SIC) 6331 - Fire, Marine, and Casualty Insurance (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 1,139900767784657
Cash and cash equivalents 1,139900767784657
Total current assets: 1,139900767784657
Noncurrent Assets
Property, plant and equipment202205213207195185
Total noncurrent assets:202205213207195185
Other undisclosed assets29,53430,04326,42924,43420,95621,001
TOTAL ASSETS:29,73631,38727,54225,40821,93521,843
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Long-term debt and lease obligation, including:841843845846834827
Other undisclosed long-term debt and lease obligation841843845846834827
Liabilities, other than long-term debt 1,0451,7441,299   
Deferred income tax liabilities 1,0451,7441,299 
Total noncurrent liabilities:1,8862,5872,144846834827
Other undisclosed liabilities17,31915,69514,60914,69813,26812,773
Total liabilities:19,20518,28216,75315,54414,10213,600
Equity
Equity, attributable to parent10,53113,10510,7899,8647,8338,243
Common stock397397397397397397
Treasury stock, value(2,324)(1,921)(1,790)(1,544)(1,492)(1,387)
Additional paid in capital1,3921,3561,3281,3061,2811,265
Accumulated other comprehensive income (loss)(636)648769448222,788
Retained earnings11,70212,62510,0859,2577,6255,180
Total equity:10,53113,10510,7899,8647,8338,243
TOTAL LIABILITIES AND EQUITY:29,73631,38727,54225,40821,93521,843

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues6,5579,6307,5367,9245,4075,732
Premiums earned, net7,2196,4825,9805,604 
Realized investment gains (losses)(1,467)2,4098651,650(402)148
Financial services revenue5,1854,970
Cost of revenue(5,012)(3,936)(4,134)(3,638)(3,490)(3,390)
Policyholder benefits and claims incurred, net(5,012)(3,936)(4,134)(3,638) 
Financial services costs(3,490)(3,390)
Gross profit:1,5455,6943,4024,2861,9172,342
Operating expenses(23)(20)(20)(23)(16)(13)
Operating income:1,5225,6743,3824,2631,9012,329
Nonoperating expense
(Investment Income, Nonoperating)
      
Interest and debt expense(53)(53)(54)(53)(53)(53)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (1,829)(1,738)(1,597)(1,546)
Income from continuing operations before equity method investments, income taxes:1,4695,6211,4992,472251730
Other undisclosed loss from continuing operations before income taxes(2,162)(1,951)    
Income (loss) from continuing operations before income taxes:(693)3,6701,4992,472251730
Income tax expense (benefit)207(724)(283)(475)36315
Income (loss) from continuing operations:(486)2,9461,2161,9972871,045
Income before gain (loss) on sale of properties:2,9461,2161,9972871,045
Net income (loss) available to common stockholders, diluted:(486)2,9461,2161,9972871,045

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(486)2,9461,2161,9972871,045
Other comprehensive income (loss)(1,284)(121)321426(263)603
Comprehensive income (loss):(1,770)2,8251,5372,423241,648
Comprehensive loss, net of tax, attributable to noncontrolling interest    (421)  
Other undisclosed comprehensive income, net of tax, attributable to parent    421  
Comprehensive income (loss), net of tax, attributable to parent:(1,770)2,8251,5372,423241,648

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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