Cincinnati Financial Corporation (CINF) financial statements (2022 and earlier)
Company profile
| Business Address |
6200 S GILMORE RD FAIRFIELD, OH 45014 |
| State of Incorp. | OH |
| Fiscal Year End | December 31 |
| SIC | 6331 - Fire, Marine, and Casualty Insurance (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,139 | 900 | 767 | 784 | 657 | 777 | 544 | ||
| Cash and cash equivalents | 1,139 | 900 | 767 | 784 | 657 | 777 | 544 | ||
| Total current assets: | 1,139 | 900 | 767 | 784 | 657 | 777 | 544 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 205 | 213 | 207 | 195 | 185 | 183 | 185 | ||
| Total noncurrent assets: | 205 | 213 | 207 | 195 | 185 | 183 | 185 | ||
| Other undisclosed assets | 30,043 | 26,429 | 24,434 | 20,956 | 21,001 | 19,426 | 18,159 | ||
| TOTAL ASSETS: | 31,387 | 27,542 | 25,408 | 21,935 | 21,843 | 20,386 | 18,888 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 843 | 845 | 846 | 834 | 827 | 826 | 821 | ||
| Other undisclosed long-term debt and lease obligation | 843 | 845 | 846 | 834 | 827 | 826 | 821 | ||
| Liabilities, other than long-term debt | 1,744 | 1,299 | |||||||
| Deferred income tax liabilities | 1,744 | 1,299 | ✕ | ✕ | ✕ | ✕ | |||
| Total noncurrent liabilities: | 2,587 | 2,144 | 846 | 834 | 827 | 826 | 821 | ||
| Other undisclosed liabilities | 15,695 | 14,609 | 14,698 | 13,268 | 12,773 | 12,500 | 11,640 | ||
| Total liabilities: | 18,282 | 16,753 | 15,544 | 14,102 | 13,600 | 13,326 | 12,461 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 13,105 | 10,789 | 9,864 | 7,833 | 8,243 | 7,060 | 6,427 | ||
| Common stock | 397 | 397 | 397 | 397 | 397 | 397 | 397 | ||
| Treasury stock, value | (1,921) | (1,790) | (1,544) | (1,492) | (1,387) | (1,319) | (1,308) | ||
| Additional paid in capital | 1,356 | 1,328 | 1,306 | 1,281 | 1,265 | 1,252 | 1,232 | ||
| Accumulated other comprehensive income | 648 | 769 | 448 | 22 | 2,788 | 1,693 | 1,344 | ||
| Retained earnings | 12,625 | 10,085 | 9,257 | 7,625 | 5,180 | 5,037 | 4,762 | ||
| Total stockholders' equity: | 13,105 | 10,789 | 9,864 | 7,833 | 8,243 | 7,060 | 6,427 | ||
| TOTAL LIABILITIES AND EQUITY: | 31,387 | 27,542 | 25,408 | 21,935 | 21,843 | 20,386 | 18,888 | ||
Income statement (P&L) ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 9,630 | 7,536 | 7,924 | 5,407 | 5,732 | 5,449 | 5,142 | |
| Premiums earned, net | 6,482 | 5,980 | 5,604 | ✕ | ✕ | ✕ | ||
| Realized investment gains (losses) | 2,409 | 865 | 1,650 | (402) | 148 | 124 | 70 | |
| Financial services revenue | ✕ | ✕ | ✕ | 5,185 | 4,970 | 4,725 | 4,493 | |
| Cost of revenue | (3,936) | (4,134) | (3,638) | (3,490) | (3,390) | (3,107) | (2,808) | |
| Policyholder benefits and claims incurred, net | (3,936) | (4,134) | (3,638) | ✕ | ✕ | ✕ | ||
| Financial services costs | ✕ | ✕ | ✕ | (3,490) | (3,390) | (3,107) | (2,808) | |
| Gross profit: | 5,694 | 3,402 | 4,286 | 1,917 | 2,342 | 2,342 | 2,334 | |
| Operating expenses | (20) | (20) | (23) | (16) | (13) | (12) | (13) | |
| Operating income: | 5,674 | 3,382 | 4,263 | 1,901 | 2,329 | 2,330 | 2,321 | |
| Interest and debt expense | (53) | (54) | (53) | (53) | (53) | (53) | (53) | |
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (1,829) | (1,738) | (1,597) | (1,546) | (1,465) | (1,387) | ||
| Income from continuing operations before equity method investments, income taxes: | 5,621 | 1,499 | 2,472 | 251 | 730 | 812 | 881 | |
| Other undisclosed loss from continuing operations before income taxes | (1,951) | |||||||
| Income from continuing operations before income taxes: | 3,670 | 1,499 | 2,472 | 251 | 730 | 812 | 881 | |
| Income tax expense (benefit) | (724) | (283) | (475) | 36 | 315 | (221) | (247) | |
| Net income available to common stockholders, diluted: | 2,946 | 1,216 | 1,997 | 287 | 1,045 | 591 | 634 | |
Comprehensive Income ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 2,946 | 1,216 | 1,997 | 287 | 1,045 | 591 | 634 | |
| Other comprehensive income (loss) | (121) | 321 | 426 | (263) | 603 | 349 | (400) | |
| Comprehensive income: | 2,825 | 1,537 | 2,423 | 24 | 1,648 | 940 | 234 | |
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (421) | |||||||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 421 | |||||||
| Comprehensive income, net of tax, attributable to parent: | 2,825 | 1,537 | 2,423 | 24 | 1,648 | 940 | 234 | |
Statements sources
The financial statements are based on the company's filings with the 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.