Cincinnati Financial Corp.

Cincinnati Financial Corp.

CINF

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Market Cap$24.35B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Cincinnati Financial Corp.Cincinnati Financial Corp.8.82.26%18%1.90.4

Earnings Call Q1 2026

April 28, 2026 - AI Summary

Strong Q1 2026 profitability + major combined ratio improvement (good) - Reported net income: $274M for Q1 2026, including $82M after-tax from decrease in fair value of equity securities still held. - Non-GAAP operating income: $330M vs operating loss of $37M a year ago. - Property & Casualty combined ratio: 95.6% (improved 17.7 pts YoY), including catastrophe losses down 14.2 pts; accident-year combined ratio: 87.5% before catastrophe.
Premium growth continues, but “hard-market” tailwinds are easing (good + caution) - Consolidated P&C net written premiums: +7% YoY, including a +2% impact from net reinstatement premiums recorded in Q1 2025. - Commercial lines: premiums +3%, combined ratio 98.6% (up 6.7 pts, including +6.0 pts from higher cat losses). - Personal lines: premiums +15% led by Cincinnati Private Client; combined ratio 96.8% improved 54.5 pts YoY, with cat losses down 41.9 pts. - Management said growth is slowing vs recent years as underwriters emphasize pricing + policy-by-policy risk segmentation; renewal price increases are healthy but lower than 2025 (e.g., commercial near low single-digit high end, excess & surplus mid single-digit, personal high single-digit).
Social inflation / legal system abuse remains a key risk despite better recent results (bad/ongoing risk) - CFO/CEO emphasized they’re seeing improving KPIs over recent quarters, but not “out of the woods.” - Commercial auto was called out as the epicenter; even with favorable developments, they highlighted uncertainty around social inflation/legal system abuse and possible impacts from tort reforms (pushback exists, but direction of impact is not guaranteed). - They continue to rely on risk selection and analytics and adjust expectations prudently in a market where rate pressure persists.

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$182.50

Target Price by Analysts

13.6% upsideCincinnati Financial Target Price DetailsTarget Price
$374.01

Current Fair Value

132.8% upside

Undervalued by 132.8% based on the discounted cash flow analysis.

Share Statistics

Market cap$24.35 Billion
Enterprise Value$29.45 Billion
Dividend Yield$3.55 (2.26%)
Earnings per Share$15.17
Beta0.6
Outstanding Shares154,802,260

Return

Return on Equity17.54%ROE
Return on Assets6.69%
Return on Invested Capital11.45%

Valuation & Multiples

P/E Ratio8.84P/E Ratio
PEG-2.19PEG
Price to Sales1.94Price to Sales
Price to Book Ratio1.59Price to Book Ratio
Enterprise Value to Revenue2.28
Enterprise Value to EBIT11.37
Enterprise Value to Net Income10
Total Debt to Enterprise0.21
Debt to Equity0.4Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
April 27, 2026
EPS Estimate
$1.93
Average shareholder expectation
Revenue Estimate
$2.61 B
Average shareholder expectation

Next Earnings Call

Expected Date
July 27, 2026
EPS Estimate
$1.70
Average shareholder expectation
Revenue Estimate
$2.71 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.2479 0.41%
Total Calls262,200 7.36%
Total Puts65,000 5.80%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %67.79% 1.70%
Total Invested$16.83B 5.11%
Investors Holding925 14.00%

ESG Score

No data

About Cincinnati Financial Corp.

CEO: Steven Johnston

Relevant Senate Committees

Joint Committee on Taxation

This committee provides official revenue estimates and expert analysis for all tax legislation. Its work directly shapes tax policy, which is a fundamental driver of CINF's financial performance and strategic planning.

Finance

As the primary tax-writing committee, it controls taxation policy, which directly and profoundly impacts Cincinnati Financial's profitability, capital management, and overall corporate valuation.

Appropriations

This committee allocates discretionary federal spending across all government sectors. Its decisions directly impact economic activity, infrastructure projects, and research, thereby significantly influencing the insurable base and claims environment for property and casualty insurers.

Agriculture, Nutrition, and Forestry

This committee oversees the CFTC, which regulates derivatives and futures markets—critical instruments for an insurer's investment portfolio management. It also influences agricultural policies, impacting risks in a sector covered by P&C insurers.

Banking, Housing, and Urban Affairs

This committee directly regulates the broader financial system, including federal oversight of systemic risk, investment markets, and housing/real estate sectors, all of which are critical to a property and casualty insurer's operations, investments, and covered risks.