Cincinnati Financial Corp.

Cincinnati Financial Corp.

CINF

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Market Cap$27.27B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Cincinnati Financial Corp.Cincinnati Financial Corp.8.32.04%20%20.4

Earnings Call Q2 2026

July 28, 2026 - AI Summary

Strong profitability headline, but operating earnings soft (good + mildly bad): - Net income: nearly $1.3B in Q2 2026, driven heavily by $882M after-tax recognition of equity fair value gains still held (investment mark-to-market—non-operational in the underwriting sense). - Non-GAAP operating income: $224M, down from $311M a year ago. - P&C combined ratio: 100.8% for the quarter, up 5.9 points YoY; catastrophe losses were up 2.3 points contribution to the deterioration.
Underwriting discipline remains intact despite higher cat volatility (good + outlook directionally stable): - Management emphasized that other P&C metrics were generally in line with expectations even though cats were modestly higher than longer-term average. - Current accident year (1H 2026) combined ratio pre-cat: 87.8%, essentially flat vs 87.7% through 1H 2025 → suggests pricing/underwriting quality is holding. - Loss reserves approach: targets net additions in the upper half of actuarial ranges; in Q2 there was $42M net favorable prior-year reserve development, helping the combined ratio by 1.7 points.
Premium growth continues, but is slowing due to pricing/risk selection (good business, but growth challenge): - Consolidated P&C net written premiums: +3% for the quarter. - ~2/3 from rate, ~1/3 from exposure (explicitly called out). - Renewal pricing increases are lower than Q1 but still described as “healthy.” - Segment detail: - Commercial lines: +3% premium; 104.1% combined ratio, up 11.2 points YoY (including +4.9 points from higher catastrophe losses). - Personal lines: +1% premium; combined ratio 99.9%, 2.1 points better YoY (improved catastrophe impact), but new business premiums down due to a softening market. - Excess & surplus: +8% premium; excellent 90.5% combined ratio.

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$191.80

Target Price by Analysts

7.9% upsideCincinnati Financial Target Price DetailsTarget Price
$374.01

Current Fair Value

110.5% upside

Undervalued by 110.5% based on the discounted cash flow analysis.

Share Statistics

Market cap$27.27 Billion
Enterprise Value$32.00 Billion
Dividend Yield$3.62 (2.04%)
Earnings per Share$15.17
Beta0.55
Outstanding Shares154,176,904

Return

Return on Equity19.96%ROE
Return on Assets7.72%
Return on Invested Capital18.98%

Valuation & Multiples

P/E Ratio8.35P/E Ratio
PEG10.03PEG
Price to Sales1.97Price to Sales
Price to Book Ratio1.66Price to Book Ratio
Enterprise Value to Revenue2.29
Enterprise Value to EBIT7.67
Enterprise Value to Net Income9
Total Debt to Enterprise0.2
Debt to Equity0.39Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
July 27, 2026
EPS Estimate
$1.84
Average shareholder expectation
Revenue Estimate
$2.71 B
Average shareholder expectation

Next Earnings Call

Expected Date
October 26, 2026
EPS Estimate
$1.95
Average shareholder expectation
Revenue Estimate
$2.65 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.0000▼ 24.79%
Total Calls-▼ 100.00%
Total Puts-▼ 100.00%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %6.80%▼ 62.31%
Total Invested$1.95B▼ 88.44%
Investors Holding395▼ 535.00%

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.