Company
Cincinnati Financial Corporation
Headquarters: Fairfield, OH, United States
Founded: Cincinnati, Ohio, U.S 1950
Employees: 5,166
CEO: Mr. Steven Justus Johnston C.F.A., CERA, CFA, FCAS, MAAA
Market Cap
$16.73 Billion
USD as of Jan. 1, 2024
Cincinnati Financial Corporation Categories
United States Financials Insurance—Property & CasualtyUnited States Financials United States Insurance—Property & Casualty
Company Description
Cincinnati Financial Corporation is an insurance company primarily involved in property and casualty insurance. Founded in 1950, the Cincinnati Financial Corporation operates through its specialized subsidiaries in insurance, indemnity, casualty, life insurance, and underwriting. It is also involved in investments and financial support to other subsidiaries through the CFC Investment Company and asset management services with the CinFin Capital Management Company.
Top Competitors by Market Capitalization
Industry: Insurance—Property & Casualty
| Company | Market Cap (USD) |
|---|---|
| The Progressive Corporation | $95.50 B |
| Chubb Limited | $92.74 B |
| Tokio Marine Holdings, Inc. | $50.24 B |
| The Travelers Companies, Inc. | $43.98 B |
| The Allstate Corporation | $38.86 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| Berkshire Hathaway | $797.77 B |
| Visa | $530.20 B |
| JPMorgan | $495.55 B |
| Mastercard | $392.71 B |
| Bank of America | $267.48 B |
Detailed Description
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.
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Stocks & Indices
Cincinnati Financial Corporation has the following listings and related stock indices.
Stock: NASDAQ: CINF wb_incandescent
Stock: Bovespa: CINF34 wb_incandescent
Stock: FSX: CCJ wb_incandescent
Product & Services
Property & Casualty Insurance; Life Insurance; Asset management
Key People
Founder(s): John J. Schiff Sr. Robert C. Schiff Sr.
Steven J. Johnston (CEO)
Financials
Revenue: US$7.536 Billion (Fiscal Year Ended 31 December 2020)
Operating income: US$1.499 Billion (Fiscal Year Ended 31 December 2020)
Net income: US$1.216 Billion (Fiscal Year Ended 31 December 2020)
Total assets: US$27.542 Billion (Fiscal Year Ended 31 December 2020)
Total equity: US$10.789 Billion (Fiscal Year Ended 31 December 2020)