Cincinnati Financial Corp Stock Research

Market Summary

USD112.08+1.72

Market Closed

1.56%

CINF Stock Price

CINF RSI Chart

CINF Valuation

Market Cap

16.3B

Price/Earnings (Trailing)

30.1

Price/Sales (Trailing)

2.28

EV/EBITDA

20.42

Price/Free Cashflow

9.04

CINF Price/Sales (Trailing)

CINF Profitability

EBT Margin

-10.57%

Return on Equity

-4.61%

Return on Assets

-1.63%

Free Cashflow Yield

11.06%

CINF Fundamentals

CINF Revenue

Revenue (TTM)

6.6B

Revenue Y/Y

-6.29%

Revenue Q/Q

121.16%

CINF Earnings

Earnings (TTM)

-486.0M

Earnings Y/Y

-31.09%

Earnings Q/Q

342.34%

Price Action

52 Week Range

87.47139.50

(Low)(High)

Last 7 days

5.1%

Last 30 days

-5.9%

Last 90 days

10.2%

Trailing 12 Months

-15.4%

CINF Financial Health

Debt/Equity

0.07

Debt/Cashflow

2.6

CINF Investor Care

Diluted EPS (TTM)

-3.06

Peers (Alternatives to Cincinnati Financial)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
PGR	83.6B	49.6B	0.58%	25.50%	115.9	1.69	4.00%	-78.47%
TRV	39.8B	36.9B	-6.38%	-4.19%	14	1.08	5.94%	-22.39%
AIG	38.4B	56.4B	-16.83%	-17.84%	3.74	0.68	8.41%	9.46%
ALL	29.1B	51.4B	-13.17%	-17.86%	-20.58	0.57	1.63%	-195.35%
RE	25.0B	12.1B	-8.40%	20.85%	41.92	2.08	1.63%	-56.71%
HIG	23.3B	22.4B	-9.63%	-2.44%	11.93	1.05	-0.13%	-23.26%
Y	11.4B	6.8B	0.57%	29.95%	32.11	0.97	-36.57%	-61.35%
AFG	10.4B	7.0B	-11.01%	-6.05%	11.53	1.47	7.45%	-54.99%
MID-CAP
RNR	8.8B	6.3B	-7.76%	26.39%	-8.25	1.38	21.94%	-2542.77%
ESGR	4.1B	-	-3.51%	-11.24%	-4.26	4.2	-80.45%	-283.49%
SMALL-CAP
HMN	1.4B	1.4B	-8.37%	-19.24%	-533.1	1	3.97%	-101.82%
PLMR	1.4B	327.1M	-9.06%	-13.74%	26.48	4.22	39.88%	13.79%
PRA	997.7M	1.1B	-5.28%	-31.25%	-2.5K	0.9	-1.58%	-100.28%
JRVR	773.8M	813.7M	-16.83%	-16.53%	24.98	0.95	5.28%	117.92%

Financials for Cincinnati Financial

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	-3.1%	6,557	6,766	7,143	8,618	9,630
EBITDA	-2240.0%	-535	25.00	784	2,694	-
EBITDA Margin	-2308.2%	-0.08*	0.00*	0.11*	0.31*	-
Earnings Before Taxes	-417.2%	-693	-134	629	2,542	3,670
EBT Margin	-433.6%	-0.11*	-0.02*	0.09*	0.29*	-
Interest Expenses	-1.9%	53.00	54.00	53.00	53.00	53.00
Net Income	-1575.9%	-486	-29.00	542	2,053	2,946
Net Income Margin	-1629.3%	-0.07*	0.00*	0.08*	0.24*	-
Free Cahsflow	9.0%	2,037	1,869	1,805	1,811	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	5.5%	29,736	28,199	29,192	30,250	31,387
Cash Equivalents	16.7%	1,264	1,083	1,098	987	1,139
Net PPE	-1.0%	202	204	201	203	205
Liabilities	2.3%	19,205	18,768	18,639	18,158	18,282
Long Term Debt	-6.4%	789	843	841	841	789
Shareholder's Equity	11.7%	10,531	9,431	10,553	12,092	13,105
Retained Earnings	8.4%	11,702	10,797	11,324	12,241	12,625
Additional Paid-In Capital	0.9%	1,392	1,379	1,367	1,354	1,356
Accumulated Depreciation	1.6%	322	317	312	309	303

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	8.9%	2,052	1,884	1,819	1,825	1,981
Share Based Compensation	2.8%	37.00	36.00	35.00	33.00	-
Cashflow From Investing	-14.9%	-933	-812	-855	-1,066	-1,057
Cashflow From Financing	7.4%	-994	-1,074	-869	-719	-685
Dividend Payments	1.7%	423	416	408	399	395
Buy Backs	-18.5%	410	503	312	161	144

Risks for CINF

What is the probability of a big loss on CINF?

36.9%

Probability that Cincinnati Financial stock will be more than 20% underwater in next one year

32.7%

Probability that Cincinnati Financial stock will be more than 30% underwater in next one year.

19.2%

Probability that Cincinnati Financial stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does CINF drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Cincinnati Financial was unfortunately bought at previous high price.

Drawdowns

Returns for CINF

Cumulative Returns on CINF

12.4%

10-Year Cumulative Returns

10.8%

7-Year Cumulative Returns

11.4%

5-Year Cumulative Returns

17.1%

3-Year Cumulative Returns

What are the long-term rolling returns for CINF?

FIve years rolling returns for Cincinnati Financial.

Annualized Returns

Which funds bought or sold CINF recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-27	Neo Ivy Capital Management	new	-	60,000	60,000	0.04%
2023-03-23	ETF MANAGERS GROUP, LLC	added	4.74	89,667	542,667	0.03%
2023-03-23	MetLife Investment Management, LLC	reduced	-2.91	415,129	4,194,710	0.03%
2023-03-17	American Portfolios Advisors	unchanged	-	-1,824	5,553	-%
2023-03-15	B. Riley Wealth Advisors, Inc.	reduced	-5.15	41,735	512,735	0.01%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-8.9	485,281	12,230,300	0.01%
2023-03-10	MATHER GROUP, LLC.	added	124	358,821	587,821	0.01%
2023-03-06	Aldebaran Financial Inc.	reduced	-4.94	17,953	253,953	0.27%
2023-03-06	Rockefeller Capital Management L.P.	added	1.02	1,193,000	8,896,000	0.04%
2023-03-01	Regal Investment Advisors LLC	added	1.35	389,040	2,840,040	0.28%

Latest Funds Activity

Are funds buying CINF calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own CINF

No. of Funds

Cincinnati Financial News

Schedule 13G FIlings of Cincinnati Financial

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	aristotle capital management, llc	5.78%	9,082,339	SC 13G/A
Feb 09, 2023	vanguard group inc	12.35%	19,410,493	SC 13G/A
Feb 08, 2023	state street corp	6.07%	9,548,725	SC 13G/A
Feb 07, 2023	blackrock inc.	7.6%	12,025,853	SC 13G/A
Feb 14, 2022	select equity group, l.p.	1.94%	3,131,880	SC 13G/A
Feb 14, 2022	aristotle capital management, llc	6.04%	9,732,247	SC 13G/A
Feb 10, 2022	state street corp	5.45%	8,787,811	SC 13G/A
Feb 09, 2022	vanguard group inc	11.07%	17,833,459	SC 13G/A
Feb 01, 2022	blackrock inc.	6.9%	11,137,445	SC 13G/A
Feb 12, 2021	select equity group, l.p.	5.66%	9,110,578	SC 13G

CINF Fair Value

Recent SEC filings of Cincinnati Financial

View All Filings

Date Filed	Form Type	Document
Mar 24, 2023	8-K	Current Report
Mar 22, 2023	DEF 14A	DEF 14A
Mar 22, 2023	DEFA14A	DEFA14A
Mar 09, 2023	4	Insider Trading
Mar 08, 2023	4	Insider Trading
Mar 06, 2023	8-K	Current Report
Mar 03, 2023	4	Insider Trading
Mar 03, 2023	4	Insider Trading
Mar 03, 2023	4	Insider Trading
Mar 03, 2023	4	Insider Trading

Latest Insider Trading transactions for CINF

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-07	SCHAMBOW MARC JON	sold (taxes)	-13,996	119	-117	srvp/chief claims officer-sub
2023-03-07	SCHAMBOW MARC JON	acquired	52,925	61.47	861	srvp/chief claims officer-sub
2023-03-06	Doyle Donald J Jr	gifted	-	-	-311	sr vice president - subsidiary
2023-03-01	KELLINGTON JOHN S	acquired	-	-	1,464	evp, chief info off. -sub
2023-03-01	Cracas Teresa C	acquired	-	-	1,339	evp, chief risk off. - sub
2023-03-01	Sewell Michael J	sold (taxes)	-74,507	119	-621	cfo, evp & treasurer
2023-03-01	Van Den Heuvel Will H	acquired	-	-	1,212	sr. vice president-subsidiary
2023-03-01	Hoffer Theresa A	sold (taxes)	-28,435	119	-237	sr vice president - subsidiary
2023-03-01	Love Lisa Anne	sold (taxes)	-49,791	119	-415	evp/clo & corp secy
2023-03-01	Brown Roger A	acquired	-	-	885	sr vp, coo - subsidiary

About Cincinnati Financial

Steven J. Johnston

www.cinfin.com

5170

Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. The company operates through five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment offers coverage for commercial casualty, commercial property, commercial auto, and workers' compensation. It also provides director and officer liability insurance, contract and commercial surety bonds, and fidelity bonds; and machinery and equipment coverage. The Personal Lines Insurance segment offers personal auto insurance; homeowner insurance; and dwelling fire, inland marine, personal umbrella liability, and watercraft coverages to individuals. The Excess and Surplus Lines Insurance segment offers commercial casualty insurance that covers businesses for third-party liability from accidents occurring on their premises or arising out of their operations, such as injuries sustained from products; and commercial property insurance, which insures buildings, inventory, equipment, and business income from loss or damage due to various causes, such as fire, wind, hail, water, theft, and vandalism. The Life Insurance segment provides term life insurance products; universal life insurance products; worksite products, such as term life; and whole life insurance products. The Investments segment invests in fixed-maturity investments, including taxable and tax-exempt bonds, and redeemable preferred stocks; and equity investments comprising common and nonredeemable preferred stocks. The company also offers commercial leasing and financing services; and insurance brokerage services. Cincinnati Financial Corporation was founded in 1950 and is headquartered in Fairfield, Ohio.

CINF Income Statement

2022-12-31

Consolidated Statements Of Income - USD ($) $ in Millions	12 Months Ended
Consolidated Statements Of Income - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenues
Earned premiums	$ 7,219	$ 6,482	$ 5,980
Investment income, net of expenses	781	714	670
Investment gains and losses, net	(1,467)	2,409	865
Fee revenues	14	15	11
Other revenues	10	10	10
Total revenues	6,557	9,630	7,536
Benefits and Expenses
Insurance losses and contract holders' benefits	5,012	3,936	4,134
Underwriting, acquisition and insurance expenses	2,162	1,951	1,829
Interest expense	53	53	54
Other operating expenses	23	20	20
Total benefits and expenses	7,250	5,960	6,037
Income from Continuing Operations before Income Taxes, Noncontrolling Interest, Total	(693)	3,670	1,499
Provision (Benefit) for Income Taxes
Current	148	247	147
Deferred	(355)	477	136
Total provision (benefit) for income taxes	(207)	724	283
Net Income (Loss)	$ (486)	$ 2,946	$ 1,216
Per Common Share
Net income—basic (in usd per share)	$ (3.06)	$ 18.29	$ 7.55
Net income—diluted (in usd per share)	$ (3.06)	$ 18.10	$ 7.49

CINF Balance Sheet

2022-12-31

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Investments
Fixed maturities, at fair value (amortized cost: 2022—$12,979; 2021—$12,230)	$ 12,132	$ 13,022
Equity securities, at fair value (cost: 2022—$4,294; 2021—$4,121)	9,841	11,315
Other invested assets	452	329
Total investments	22,425	24,666
Cash and cash equivalents	1,264	1,139
Investment income receivable	160	144
Finance receivable	92	98
Premiums receivable	2,322	2,053
Reinsurance recoverable	640	570
Prepaid reinsurance premiums	79	78
Deferred policy acquisition costs	1,014	905
Land, building and equipment, net, for company use (accumulated depreciation: 2022—$322; 2021—$303)	202	205
Other assets	646	570
Separate accounts	892	959
Total assets	29,736	31,387
Insurance reserves
Loss and loss expense reserves	8,400	7,305
Life policy and investment contract reserves	3,059	3,014
Unearned premiums	3,689	3,271
Other liabilities	1,229	1,092
Deferred income tax	1,045	1,744
Note payable	50	54
Long-term debt and lease obligations	841	843
Separate accounts	892	959
Total liabilities	19,205	18,282
Commitments and contingent liabilities (Note 16)
Shareholders' Equity
Common stock, par value—$2 per share; (authorized: 2022 and 2021—500 million shares; issued: 2022 and 2021—198.3 million shares)	397	397
Paid-in capital	1,392	1,356
Retained earnings	11,702	12,625
Accumulated other comprehensive income	(636)	648
Treasury stock, at cost (2022—41.2 million shares and 2021—38.0 million shares)	(2,324)	(1,921)
Total shareholders' equity	10,531	13,105
Total liabilities and shareholders' equity	$ 29,736	$ 31,387