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Company file · CINF

Cincinnati Financial

Cincinnati Financial's revenue rose 11.4% in FY2025, to $12.6B, and net income rose 4.4% to $2.4B

Revenue rose 11.4% to $12.6B in FY2025, from $11.3B in FY2024. Net income rose 4.4% to $2.4B. Commercial Lines Insurance was the largest segment, at 39% of revenue.

Prepared from SEC filings · Latest annual report: 10-K for FY2025 (filed Feb 23, 2026) · Latest quarter: 10-Q for the quarter ended Sep 30, 2026 (filed Oct 26, 2026) · Data pulled Nov 11, 2026

Key facts

Cincinnati Financial (Nasdaq: CINF) reported revenue of $12.6B for fiscal 2025, the year ended Dec 31, 2025, up 11.4% from fiscal 2024. Net income was $2.4B, up 4.4%. In its latest 10-Q, for the quarter ended Sep 30, 2026, revenue was $3.0B, down 18.2% from the same quarter a year earlier, and net income was $459M. Sources: 10-K for fiscal 2025 (filed Feb 23, 2026) and 10-Q for the quarter ended Sep 30, 2026 (filed Oct 26, 2026).

Revenue$12.6BFY2025 · +11.4% vs FY2024
Net income$2.4BFY2025 · +4.4% vs FY2024
Revenue and net income, three fiscal yearsBy fiscal year, $bn
RevenueNet income
Revenue and net income by fiscal yearRevenue FY2023: $10.0B10.0Net income FY2023: $1.8B1.8FY2023Revenue FY2024: $11.3B11.3Net income FY2024: $2.3B2.3FY2024Revenue FY2025: $12.6B12.6Net income FY2025: $2.4B2.4FY2025Data: Ticker Sage, from SEC EDGAR · tickersage.com

Source: 10-K FY2025, filed Feb 23, 2026

Quarterly revenue: fiscal 2026 vs a year earlierFiscal Q1–Q3, $bn (each quarter from that quarter's 10-Q)
FY2025FY2026
Quarterly revenue, fiscal 2026 vs 2025FY2025 Q1: $2.6B2.6FY2026 Q1: $2.9B2.9Q1FY2025 Q2: $3.2B3.2FY2026 Q2: $4.3B4.3Q2FY2025 Q3: $3.7B3.7FY2026 Q3: $3.0B3.0Q3Data: Ticker Sage, from SEC EDGAR · tickersage.com

Source: 10-Q filed Apr 27, 2026 · 10-Q filed Jul 27, 2026 · 10-Q filed Oct 26, 2026

How it makes money

By segment in FY2025: Commercial Lines Insurance (39%), Personal Lines Insurance (25%), Investment Segment of CINF (21%) and Excess and Surplus Lines Insurance (6%), as shares of total revenue; the rest of revenue isn't part of this breakdown. Total revenue was $12.6B.

By segment, FY2025

Commercial Lines Insurance$4.9B39%+8.4%
Personal Lines Insurance$3.2B25%+21.9%
Investment Segment of CINF$2.6B21%+7.9%
Excess and Surplus Lines Insurance$702M6%+13.6%
Life Insurance$336M3%+3.1%

Share is of FY2025 revenue; the items listed don't cover all of it. The last column is the change from FY2024.

Learn more: Revenue vs. net income · Gross, operating and net margin

What changed last quarter

How the quarter compared with a year earlier

Comparing Q3 2026 (Jul to Sep 2026) compared with Q3 2025 (Jul to Sep 2025)

Each pair of bars shows the dollar amount for both quarters. Longer bar, more money. Bars in a group share one scale.

Q3 2026Q3 2025

Company

Revenue
$3.0B Q3 2026
$3.7B Q3 2025
18.2% decrease
Net income
$459M Q3 2026
$1.1B Q3 2025
59.1% decrease

Source: Cincinnati Financial 10-Q for the quarter ended Sep 30, 2026, filed Oct 26, 2026

The bull case and the bear case

The bull case

  • Revenue rose 11.4% in FY2025 to $12.6B, from $11.3B a year earlier. 10-K, FY2025
  • Net income rose 4.4% in FY2025 to $2.4B, from $2.3B. 10-K, FY2025

The bear case

  • Revenue in the quarter ended Sep 30, 2026 was $3.0B, down 18.2% on a year earlier. 10-Q, quarter ended Sep 30, 2026
  • Net income in the quarter ended Sep 30, 2026 was $459M, down 59.1% on a year earlier. 10-Q, quarter ended Sep 30, 2026
  • The company's own risk factors are in Item 1A of its 10-K. Risks common in this industry include catastrophes and claims; reserves; investments and rates. 10-K, Item 1A

What optimists and skeptics tend to point to, each tied to a filing. Ticker Sage doesn't pick a side, and neither list is a reason to buy or sell.

What the company does

Cincinnati Financial is in the property & casualty insurance industry, part of the financials sector. The SEC files it under Fire, Marine & Casualty Insurance.

Cincinnati Financial reports 5 segments: Commercial Lines Insurance, Personal Lines Insurance, Investment Segment of CINF, Excess and Surplus Lines Insurance and Life Insurance.

Its fiscal year ends in December; the latest, FY2025, ended Dec 31, 2025.

Source: 10-K, Item 1 Business

Risks common in this industry

These are general risks for companies in the property & casualty insurance industry. They are not a summary of Cincinnati Financial’s own risk factors; for those, read Item 1A of its latest 10-K, linked below.

  1. Catastrophes and claimsStorms, disasters and large claims can cause losses that are hard to predict.
  2. ReservesInsurers estimate future claims, and estimates can turn out too low.
  3. Investments and ratesReturns on the investment portfolio move with interest rates and markets.
  4. RegulationState and national insurance rules shape pricing, capital and products.
  5. Competition and pricingRivals can cut prices, and premiums may not keep pace with claims costs.

Source: 10-K, Item 1A Risk Factors (the company's own list, in the company's words)

Three years of key numbers

Every number links to its filing; hover for the XBRL tag. A dash means the number isn't cleanly available, and we don't estimate it.

US$FY2023FY2024FY2025
Revenue$10.0B$11.3B$12.6B
Net income$1.8B$2.3B$2.4B
Diluted shares158M158M158M
  • Revenue: Total revenue for the fiscal year, as the company reports it on its income statement.
  • Net income: Net income attributable to the company's shareholders, after all costs, interest and taxes.
  • Diluted shares: Weighted average shares outstanding for the year, including the effect of options and stock awards.

Learn more: How to read an income statement · Earnings per share, basic and diluted · Free cash flow · How to read a balance sheet · Growth rate calculator · P/E calculator · Market cap calculator · Free cash flow calculator · Return on equity and assets calculator

Explainers for this page

Plain-English guides to terms this file uses, with real numbers from filings.

About these numbers

  • Cincinnati Financial's revenue is the total revenue figure in its filings. For financial companies it can combine interest, fees, premiums and other income, so it isn't directly comparable with revenue at companies that sell products.
  • The segment chart covers only part of revenue: the company reports other lines that aren't part of this breakdown.

What we left out

  • Operating cash flow, total debt and cash are left out: for this kind of financial company they mostly reflect lending, trading or investing flows and say little about the business, and they aren't comparable with other companies'.

Recent filings

FormFiledPeriod
10-QOct 26, 2026Sep 30, 2026
10-QJul 27, 2026Jun 30, 2026
10-QApr 27, 2026Mar 31, 2026
DEF 14AMar 18, 2026May 2, 2026
10-KFeb 23, 2026Dec 31, 2025

Learn more: 10-K vs. 10-Q vs. 8-K · Form 4 insider filings · Fiscal years and quarters

Common questions about Cincinnati Financial

How does Cincinnati Financial make money?

Cincinnati Financial's revenue was $12.6B in fiscal 2025. By segment in FY2025: Commercial Lines Insurance (39%), Personal Lines Insurance (25%), Investment Segment of CINF (21%) and Excess and Surplus Lines Insurance (6%), as shares of total revenue; the rest of revenue isn't part of this breakdown. Total revenue was $12.6B. Source: 10-K for fiscal 2025, filed Feb 23, 2026.

What was Cincinnati Financial's revenue in fiscal 2025?

$12.6B of revenue for the fiscal year ended Dec 31, 2025, up 11.4% from $11.3B in fiscal 2024. Fiscal 2023 was $10.0B. Source: 10-K for fiscal 2025, filed Feb 23, 2026.

Is Cincinnati Financial profitable?

Cincinnati Financial reported net income of $2.4B for fiscal 2025, up 4.4% from $2.3B in fiscal 2024. That is a profit under US accounting rules (GAAP). In the quarter ended Sep 30, 2026, net income was $459M. The page's About these numbers section explains what is included. Source: 10-K for fiscal 2025, filed Feb 23, 2026.

What did Cincinnati Financial report in its latest quarterly filing?

Revenue was $3.0B in the quarter ended Sep 30, 2026, down 18.2% from $3.7B a year earlier. Net income was $459M, down 59.1% from $1.1B. Source: 10-Q for the quarter ended Sep 30, 2026, filed Oct 26, 2026.

What are the main risks Cincinnati Financial faces?

Cincinnati Financial's own risk factors are in Item 1A of its 10-K for fiscal 2025, filed Feb 23, 2026. Risks that are common among companies in the property & casualty insurance industry include Catastrophes and claims; reserves; investments and rates; regulation; competition and pricing. The first: Storms, disasters and large claims can cause losses that are hard to predict. Source: 10-K, Item 1A Risk Factors.

Where do these Cincinnati Financial numbers come from?

From Cincinnati Financial's own SEC filings: the 10-K for fiscal 2025 (filed Feb 23, 2026) and the 10-Q for the quarter ended Sep 30, 2026 (filed Oct 26, 2026), read through the SEC's public XBRL data. Each number on this page links to its filing. Methodology explains how fiscal years and missing numbers are handled.

Tracked funds that report owning Cincinnati Financial

  • GQG Partners: 1,170,338 shares, reported value $216.7M at Jun 30, 2026 (−22.9% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 12, 2026.
  • Millennium Management: 171,738 shares, reported value $31.8M at Jun 30, 2026 (+30.8% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
  • Two Sigma Investments: 106,073 shares, reported value $19.6M at Jun 30, 2026 (−41.4% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
  • Citadel Advisors: 66,716 shares, reported value $12.4M at Jun 30, 2026 (+31.6% in shares since the filing for Mar 31, 2026). Form 13F filed Sep 2, 2026.

From each fund’s latest Form 13F, which is filed up to 45 days after quarter end and lists long positions in US-listed stocks only. A listing here is a fact about a filing, not a view on the stock. What a 13F does and doesn’t show.

Disclosures

Editor holdings in CINF
The editor holds no position in Cincinnati Financial (CINF). As of Nov 11, 2026.
Trading rule
The editor does not buy or sell CINF from 3 days before to 3 days after this page is published or substantively updated.
Compensation
Nobody paid for this page. No affiliate links on this page.
Sources
The company's SEC filings, linked next to each number or, for charts, in the source line under them.
Last updated
Nov 9, 2026

General education, the same for every reader. Not a recommendation to buy, sell or hold CINF, and it doesn't consider your situation.

Compare with peers

CompanyFiscal yearRevenueRevenue growthNet income
Cincinnati FinancialCINFFY2025$12.6B+11.4%$2.4B
ChubbCBFY2025$59.4B+6.5%$10.3B
ProgressivePGRFY2025$87.7B+16.3%$11.3B
TravelersTRVFY2025$48.8B+5.2%$6.3B
AllstateALLFY2025$67.7B+5.6%$10.3B

Each row is that company’s latest fiscal year from its own 10-K, using its own revenue and net income lines. Fiscal years end in different months, and line definitions differ (banks, insurers and oil companies count revenue differently), so this is a rough side-by-side, not a like-for-like comparison.

More company files

New to filings? Learn has plain-English explainers and Tools has calculators. Methodology & Disclosures covers where every number comes from.