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Stocks / United States / CINF · Fire, Marine & Casualty Insurance · Nasdaq

Cincinnati Financial Corp. (CINF)

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Cincinnati Financial Corp. (CINF) reported revenue of $4.3 billion for Q2 FY2026, the quarter ended 30 June 2026, up 31.6% on the same quarter a year earlier. Net income was $1.3 billion, up 83.2% on the year, and diluted earnings per share $8.05. The figures are the company's own, from the 10-Q it filed with the SEC on 27 July 2026.

Revenue$4.3 billionup 31.6%
Net income$1.3 billionup 83.2%
Diluted EPS$8.05
QuarterQ2 FY2026ended 30 June 2026

Ratios

From the filings

ROE20.0%
ROCE23.8%
Operating margin29.8%
Net margin23.8%
FCF margin24.4%
Interest cover78.40
Debt to equity0.05
Cash conversion1.03
Share count, 1 year-1.9%
Sales CAGR, 3 years24.4%
Profit CAGR, 3 yearsn/a
EPS, TTM$21.20

At the close of 21 September 2026

Price$166.85
Market cap$25.6 billion
Stock P/E7.87
Price to book1.54
EV / EBITDAn/a
Dividend yield2.1%
Market cap / sales1.84
52-week high$192.03
52-week low$151.39
Price, 1 year6.9%
Price CAGR, 3 years16.0%
Price CAGR, 5 years7.8%

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, CBOE delayed quotes, daily history, by CBOE, for splits. Debt to equity here stands on long-term debt as Cincinnati Financial Corp. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.

Price, 17 September 2021 to 21 September 2026

Daily closes from CBOE delayed quotes, daily history, by CBOE, for splits; the last is 21 September 2026. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on CINF

Filings22 in twelve months: 14 current reports (8-K), about 9 regulation fd disclosure; 4 results of operations; 3 officer or director change; 1 other events; 1 shareholder vote
Planned insider salesno Form 144 notice in twelve months
Options tapeput/call 0.31 by open interest on 23 September 2026; the straddle prices a 4.1% move to 16 October 2026
Holders6 of the followed funds hold it; largest Geode Capital Management; 3 Schedule 13D or 13G filings in twelve months
Insider trading1 sale and 2 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest3.6 million shares short, 8.41 days to cover at 31 August 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue1,8113,3562,9352,5443,3202,5382,5663,2483,7263,0912,8634,274
Operating income-1481,4909533861,040479-1288551,4138403261,576
Operating margin-8%44%32%15%31%19%-5%26%38%27%11%37%
Interest expense13.014.013.014.013.013.013.014.013.013.013.014.0
Pre-tax income-1481,4909533861,040479-1288551,4138403261,576
Tax raten/a21%21%19%21%15%n/a20%21%20%16%20%
Net income-99.01,183755312820405-90.06851,1226762741,255
Net margin-5%35%26%12%25%16%-4%21%30%22%10%29%
Diluted EPS-$0.63$7.49$4.78$1.98$5.20$2.57-$0.57$4.34$7.11$4.29$1.75$8.05
Operating cash flow6505773537429126423107411,114947656700
Capital expenditure2.08.07.05.06.04.03.04.05.08.02.02.0
Free cash flow6485693467379066383077371,109939654698
Buybacks1.00.075.046.00.05.042.00.060.0103179216
Dividends paid115116116125124125125133134133133143
Shares outstanding157m157m157m156m156m157m156m156m156m156m155m153m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Profit and loss, 12 fiscal years and the trailing twelve months

FY2014 FY2015 FY2016 FY2017FY2018FY2019FY2020FY2021 FY2022 FY2023FY2024FY2025TTM
Revenue4,9455,1425,4495,7325,4077,9247,5369,6306,55710,01311,33712,63113,954
Operating income7218818127302512,4721,4993,670-6932,2762,8582,9804,155
Operating margin14.6%17.1%14.9%12.7%4.6%31.2%19.9%38.1%-10.6%22.7%25.2%23.6%29.8%
Interest expense53.053.053.053.053.053.054.053.053.054.053.053.053.0
Pre-tax income7218818127302512,4721,4993,698-6932,2762,8582,9804,155
Income tax196247221-315-36.0475283730-207433566587828
Effective tax rate27.2%28.0%27.2%-43.2%-14.3%19.2%18.9%19.7%n/a19.0%19.8%19.7%19.9%
Net income5256345911,0452871,9971,2162,968-4871,8432,2922,3933,327
Net margin10.6%12.3%10.8%18.2%5.3%25.2%16.1%30.8%-7.4%18.4%20.2%18.9%23.8%
Diluted EPS$3.18$3.83$3.55$6.29$1.75$12.10$7.49$18.10-$3.06$11.66$14.53$15.17$21.20
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

FY2014 FY2015 FY2016 FY2017FY2018FY2019FY2020FY2021 FY2022 FY2023FY2024FY2025TTM
Operating cash flow8731,0751,1151,0521,1811,2081,4911,9812,0522,0522,6493,1123,417
Capital expenditure9.010.013.016.020.024.020.015.015.018.022.020.017.0
Free cash flow8641,0651,1021,0361,1611,1841,4711,9662,0372,0342,6273,0923,400
Free cash flow margin17.5%20.7%20.2%18.1%21.5%14.9%19.5%20.4%31.1%20.3%23.2%24.5%24.4%
Depreciation and amortisation51.052.048.055.063.072.081.093.0n/an/an/an/an/a
Share-based compensation19.020.023.026.028.030.031.033.0n/an/an/an/an/a
Buybacks21.053.039.092.012567.026114441067.0126205558
Dividends paid278366306400336355375395423454490525543
Dividend per share$1.76$2.30$1.92$2.50$2.12$2.24$2.40$2.52$2.76$3.00$3.24$3.48n/a
Diluted shares, weighted165m166m166m166m164m165m162m163m159m158m158m158m156m
Shares outstanding at period end198m198m198m198m198m198mn/an/an/an/an/an/a153m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 FY2015 FY2016 FY2017FY2018FY2019FY2020FY2021 FY2022 FY2023FY2024FY2025TTM
Total assets18,75318,88820,38621,84321,93525,40827,54231,38729,73632,76936,50141,00243,231
Cash and equivalents5915447776577847679001,1391,2649079831,4311,750
Long-term debt786786787787788788788789789790790790791
Long-term debt including finance leases822821826827834846845843841849850861859
Borrowings, as the company tags them49.035.020.024.032.039.054.054.050.025.025.025.017.0
Shareholders' equity6,5736,4277,0608,2437,8339,86410,78912,76410,56212,09813,93515,91116,671
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

At the fiscal year end; the TTM column is the latest quarter end. A line the company does not tag under the usual name is left out.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded9.4%10.9%24.4%19.6%
Profit growth, compounded14.2%14.5%n/a82.8%
Return on equity, average12.2%13.1%15.6%15.0%

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Fire, Marine & Casualty Insurance

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Chubb Ltd. CB$131.0 billion11.9315.3%23.6%8.2%0.221.1%
Progressive Corp/Oh/ PGR$123.4 billion10.6534.1%16.2%10.5%0.246.5%
Travelers Companies, Inc. TRV$77.4 billion9.9725.1%21.1%2.4%0.270.8%
Allstate Corp. ALL$61.7 billion4.8539.4%23.2%5.9%0.221.6%
American International Group, Inc. AIG$39.1 billion13.607.3%13.6%-4.2%0.222.3%
Hartford Insurance Group, Inc. HIG$35.4 billion8.4622.2%17.3%6.0%0.221.7%
Arch Capital Group Ltd. ACGL$32.7 billion7.5019.5%26.9%0.4%0.185.2%
Everest Group, Ltd. EG$27.5 billion7.8212.4%13.4%-5.1%0.032.2%
Cincinnati Financial Corp. CINF$25.6 billion7.8720.0%29.8%19.6%0.052.1%
Berkley W R Corp. WRB$25.5 billion14.1319.6%n/a4.3%n/a2.7%
Loews Corp. L$21.8 billion13.108.8%12.3%3.5%0.470.2%
Berkshire Hathaway Inc. BRK.Bn/an/a11.5%15.0%3.9%n/an/a

The names on this site in the same industry (the SEC's SIC description), by market capitalisation. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close.

Filings

FilingPeriodFiledWhere
10-Q30 June 202627 July 2026EDGAR
10-Q31 March 202627 April 2026EDGAR
10-K31 December 202523 February 2026EDGAR
10-Q30 September 202527 October 2025EDGAR
10-Q30 June 202528 July 2025EDGAR
10-Q31 March 202528 April 2025EDGAR
10-K31 December 202424 February 2025EDGAR
10-Q30 September 202424 October 2024EDGAR
10-Q30 June 202425 July 2024EDGAR
10-Q31 March 202425 April 2024EDGAR

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