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US property-casualty insurer selling commercial and personal insurance through independent agents, mainly in the Midwest and Southeast.
US property-casualty insurer selling commercial and personal insurance through independent agents, mainly in the Midwest and Southeast.
Sells entirely through independent agents it appoints and supports with local field representatives, so each agency is a long-term partner. Unlike most insurers it holds a large portfolio of dividend-paying stocks, so investment gains and dividends swing results alongside underwriting.
Moat: narrow (distribution, customer qualification). Deep multi-generation relationships with independent agents who steer business its way.
Headquarters: Fairfield, Ohio, US · Founded: 1968 · Employees: 5,705
Size Cincinnati Financial (CINF) is a United States Financials company (Multi-Line Insurance) with a market value of $28.5B, the 381st largest of 3,117 United States companies the cockpit tracks. Shares closed at $185.48 on 6 Nov 2026.
Performance Over six months the shares gained 15.5%, against +13.6% for the median peer and -1.1% for the United States market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue grew 9.9% over the last twelve months (peer median +8.2%); the operating margin is 25.2% (peer median 15.2%).
Valuation It trades at 1.76× book value against a peer median of 1.60× (9th most expensive of 21).
Price implies The share price implies a return on equity of about 10.6%; Cincinnati Financial delivers 16.9%, so the price asks less than the business earns today.
Credit Cincinnati Financial has 2 bonds outstanding ($755M), rated BBB+ by the agencies and trading like A- at a weighted spread of 70 bp.
Short interest Short interest is 2.6% of the free float (15 Oct 2026).
Next results Next results expected around 15 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $13.3B | $12.6B | $11.3B | $10.0B | $6.56B |
| Revenue growth | — | +11% | +13% | +53% | — |
| Net income | $2.66B | $2.39B | $2.29B | $1.84B | -$487M |
| Free cash flow | $3.08B | $3.09B | $2.63B | $2.03B | $2.04B |
| Capital expenditure | $16.0M | $20.0M | $22.0M | $18.0M | $15.0M |
| Total debt | $875M | $878M | $868M | $868M | $891M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Cincinnati Financial CINF | $28.5B | +15% | +10% | 17% | 1.76× | 10.6% |
| Travelers Companies (The) TRV | $81.0B | +33% | +1% | 28% | 2.79× | 13.9% |
| Hartford (The) HIG | $35.8B | +1% | +4% | 23% | 1.94× | 11.3% |
| Progressive PGR | $132B | +17% | +8% | 33% | 3.82× | 15.8% |
| Erie Indemnity ERIE | $12.7B | +26% | +2% | 24% | 4.98× | 19.7% |
| W. R. Berkley WRB | $27.9B | +16% | +1% | 19% | 2.91× | 12.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CINF | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +12.2% | +2.9% | highest of 21 |
| 6-month return | +15.5% | +13.6% | 8th highest of 21 |
| Return on equity | 16.9% | 15.6% | 10th highest of 21 |
| Price / book | 1.76× | 1.60× | 9th most expensive of 21 |
| Trailing P/E | 10.9× | 10.6× | 10th most expensive of 20 |
| ROE the price implies | 10.6% | 10.4% | 11th least demanding of 21 |
| ROE delivered | 16.9% | 15.6% | 9th highest of 21 |
| Bond spread | 70 bp | 86 bp | 4th tightest of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Cincinnati Financial CINF | United States | $28.5B | +15% | +10% | 17% | 1.76× | 10.6% | 16.9% |
| W. R. Berkley WRB | United States | $27.9B | +16% | +1% | 19% | 2.91× | 12.8% | 19.2% |
| Aviva AV..L | United Kingdom | $29.5B | +18% | +86% | 7% | 2.46× | 23.8% | 6.8% |
| Helvetia Baloise HBAN.SW | Switzerland | $27.0B | +5% | +54% | 4% | 1.80× | 4.8% | 4.0% |
| Prudential 2378.HK | Hong Kong | $30.8B | -24% | +30% | 19% | 1.54× | 11.3% | 19.3% |
| Prudential plc Sponsored ADR PUK | United States | $31.7B | -21% | +39% | 19% | 1.56× | 11.4% | 19.2% |
| Unipol Assicurazioni UNI.MI | Italy | $23.8B | +13% | +7% | 17% | 1.62× | 14.9% | 16.9% |
| Arch Capital ACGL | United States | $36.6B | +14% | -5% | 19% | 1.58× | 8.3% | 18.7% |
| Legal & General LGEN.L | United Kingdom | $21.9B | +24% | +137% | 26% | 7.73× | 70.7% | 26.2% |
| New China Life Insurance 601336.SS | China | $21.7B | -19% | +19% | 22% | 1.27× | 13.6% | 22.4% |
| Sompo 8630.T | Japan | $39.6B | +17% | +41% | 15% | 1.14× | 6.2% | 14.6% |
| Sun Life Financial SLF.TO | Canada | $40.1B | +7% | -1% | 13% | 2.38× | 13.7% | 13.5% |
| American International AIG | United States | $40.7B | +2% | +1% | 8% | 1.04× | 7.5% | 8.2% |
| Power Corporation of Canada POW.TO | Canada | $40.7B | +16% | +10% | 11% | 2.42× | 15.9% | 11.0% |
| China Pacific Insurance (Group) 2601.HK | Hong Kong | $42.5B | -22% | +9% | 14% | 0.69× | 8.4% | 14.4% |
| Ms&ad Ins Gp Hldgs 8725.T | Japan | $44.4B | +22% | +21% | 17% | 1.07× | 6.9% | 16.6% |
| People's Insurance Co. (Group) of China 601319.SS | China | $44.4B | +1% | +4% | 10% | 0.96× | 6.0% | 9.7% |
| ASR Nederland ASRNL.AS | Netherlands | $17.3B | +14% | +6% | 13% | 1.74× | 8.3% | 13.1% |
| Powszechny Zaklad Ubezpieczen Spolka Akcyjna PZU.WA | Poland | $16.1B | +15% | +1% | 20% | 1.83× | 19.5% | 19.5% |
| Swiss Re SREN.SW | Switzerland | $50.6B | +27% | -12% | 20% | 2.27× | 6.1% | 20.4% |
| Brookfield Wealth Solutions BNT.TO | Canada | $14.9B | -8% | -18% | 1% | 0.70× | 9.4% | 0.7% |
Cincinnati Financial has 2 bonds outstanding with $755M face value. The agencies rate it BBB+; its bonds trade like A-. Weighted yield 5.34%, a spread of 70 bp over government bonds.