Cincinnati Financial Corporation Declares Regular Quarterly Cash Dividend

PR Newswire

CINCINNATI, May 5, 2025

CINCINNATI, May 5, 2025 /PRNewswire/ -- Cincinnati Financial Corporation (Nasdaq: CINF) announced that at its regular meeting on May 3, 2025, the board of directors declared an 87 cents-per-share regular quarterly cash dividend. The dividend is payable July 15, 2025, to shareholders of record as of June 23, 2025.

Stephen M. Spray, president and chief executive officer, commented, "Our lead subsidiary, The Cincinnati Insurance Company, was founded 75 years ago. The values that led four independent agents to create a new kind of insurance company still guide our company today. The relationships we've built with agents, the stellar customer service delivered by our associates and our superior financial strength all serve to set our company apart and to give our board confidence in our future.

"We keep a long-term view when managing our business and creating value for shareholders. The dividend just declared matches the one paid in April, keeping us on the path to reach 65 years of increasing annual cash dividends."

About Cincinnati Financial

Cincinnati Financial Corporation offers primarily business, home and auto insurance through The Cincinnati Insurance Company and its two standard market property casualty companies. The same local independent insurance agencies that market those policies may offer products of our other subsidiaries, including life insurance, fixed annuities and surplus lines property and casualty insurance. For additional information about the company, please visit cinfin.com.

 
Mailing Address:             Street Address: 
P.O. Box 145496              6200 South Gilmore Road 
Cincinnati, Ohio 45250-5496  Fairfield, Ohio 45014-5141 
 

Safe Harbor Statement

This is our "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995. Our business is subject to certain risks and uncertainties that may cause actual results to differ materially from those suggested by the forward-looking statements in this report. Some of those risks and uncertainties are discussed in our 2024 Annual Report on Form 10-K, Item 1A, Risk Factors, Page 30.

   -- Effects of any future pandemic that could affect results for reasons such 
      as: 
 
          -- Securities market disruption or volatility and related effects 
             such as decreased economic activity and continued supply chain 
             disruptions that affect our investment portfolio and book value 
 
          -- An unusually high level of claims in our insurance or reinsurance 
             operations that increase litigation-related expenses 
 
          -- An unusually high level of insurance losses, including risk of 
             court decisions extending business interruption insurance in 
             commercial property coverage forms to cover claims for pure 
             economic loss related to such pandemic 
 
          -- Decreased premium revenue and cash flow from disruption to our 
             distribution channel of independent agents, consumer 
             self-isolation, travel limitations, business restrictions and 
             decreased economic activity 
 
          -- Inability of our workforce, agencies or vendors to perform 
             necessary business functions 
 
   -- Unusually high levels of catastrophe losses due to risk concentrations, 
      changes in weather patterns (whether as a result of climate change or 
      otherwise), environmental events, war or political unrest, terrorism 
      incidents, cyberattacks, civil unrest or other causes and our ability to 
      manage catastrophe risk due to inaccurate catastrophe models or 
      incomplete data 
 
   -- Increased frequency and/or severity of claims or development of claims 
      that are unforeseen at the time of policy issuance, due to inflationary 
      trends or other causes 
 
   -- Inadequate estimates or assumptions, or reliance on third-party data used 
      for critical accounting estimates 
 
   -- Declines in overall stock market values negatively affecting our equity 
      portfolio and book value 
 
   -- Interest rate fluctuations or other factors that could significantly 
      affect: 
 
          -- Our ability to generate growth in investment income 
 
          -- Values of our fixed-maturity investments, including accounts in 
             which we hold bank-owned life insurance contract assets 
 
          -- Our traditional life policy reserves 
 
   -- Domestic and global events, such as the wars in Ukraine and in the Middle 
      East, recent tariff and trade policy announcements, and disruptions in 
      the banking and financial services industry, resulting in insurance 
      losses, capital market or credit market uncertainty, followed by 
      prolonged periods of economic instability or recession, that lead to: 
 
          -- Significant or prolonged decline in the fair value of a particular 
             security or group of securities and impairment of the asset(s) 
 
          -- Significant decline in investment income due to reduced or 
             eliminated dividend payouts from a particular security or group of 
             securities 
 
          -- Significant rise in losses from surety or director and officer 
             policies written for financial institutions or other insured 
             entities or in losses from policies written by Cincinnati Re or 
             Cincinnati Global. 
   -- Our inability to manage business opportunities, growth prospects, and 
      expenses for our ongoing operations 
 
   -- Recession, prolonged elevated inflation or other economic conditions 
      resulting in lower demand for insurance products or increased payment 
      delinquencies 
 
   -- Ineffective information technology systems or discontinuing to develop 
      and implement improvements in technology may impact our success and 
      profitability 
 
   -- Difficulties with technology or data security breaches, including 
      cyberattacks, that could negatively affect our -- or our agents' -- 
      ability to conduct business; disrupt our relationships with agents, 
      policyholders and others; cause reputational damage, mitigation expenses 
      and data loss and expose us to liability 
 
   -- Difficulties with our operations and technology that may negatively 
      impact our ability to conduct business, including cloud-based data 
      information storage, data security, cyberattacks, remote working 
      capabilities, and/or outsourcing relationships and third-party operations 
      and data security 
 
   -- Disruption of the insurance market caused by technology innovations such 
      as driverless cars that could decrease consumer demand for insurance 
      products 
 
   -- Delays, inadequate data developed internally or from third parties, or 
      performance inadequacies from ongoing development and implementation of 
      underwriting and pricing methods, including telematics and other 
      usage-based insurance methods, or technology projects and enhancements 
      expected to increase our pricing accuracy, underwriting profit and 
      competitiveness 
 
   -- Intense competition, and the impact of innovation, artificial 
      intelligence and changing customer preferences on the insurance industry 
      and the markets in which we operate, could harm our ability to maintain 
      or increase our business volumes and profitability 
 
   -- Changing consumer insurance-buying habits 
 
   -- Mergers, acquisitions and other consolidations of agencies that result in 
      a concentration of a significant amount of premium in one agency or 
      agency group and/or alter our competitive advantages 
 
   -- Inability to obtain adequate ceded reinsurance on acceptable terms, 
      amount of reinsurance coverage purchased, financial strength of 
      reinsurers and the potential for nonpayment or delay in payment by 
      reinsurers 
 
   -- Inability to defer policy acquisition costs for any business segment if 
      pricing and loss trends would lead management to conclude that segment 
      could not achieve sustainable profitability 
 
   -- Inability of our subsidiaries to pay dividends consistent with current or 
      past levels 
 
   -- Events or conditions that could weaken or harm our relationships with our 
      independent agencies and hamper opportunities to add new agencies, 
      resulting in limitations on our opportunities for growth, such as: 
 
          -- Downgrades of our financial strength ratings 
 
          -- Concerns that doing business with us is too difficult 
 
          -- Perceptions that our level of service, particularly claims service, 
             is no longer a distinguishing characteristic in the marketplace 
 
          -- Inability or unwillingness to nimbly develop and introduce 
             coverage product updates and innovations that our competitors 
             offer and consumers expect to find in the marketplace 
 
   -- Actions of insurance departments, state attorneys general or other 
      regulatory agencies, including a change to a federal system of regulation 
      from a state-based system, that: 
 
          -- Impose new obligations on us that increase our expenses or change 
             the assumptions underlying our critical accounting estimates 
 
          -- Place the insurance industry under greater regulatory scrutiny or 
             result in new statutes, rules and regulations 
 
          -- Restrict our ability to exit or reduce writings of unprofitable 
             coverages or lines of business 
 
          -- Add assessments for guaranty funds, other insurance--related 
             assessments or mandatory reinsurance arrangements; or that impair 
             our ability to recover such assessments through future surcharges 
             or other rate changes 
 
          -- Increase our provision for federal income taxes due to changes in 
             tax law 
 

          -- Increase our other expenses 
 
          -- Limit our ability to set fair, adequate and reasonable rates 
 
          -- Place us at a disadvantage in the marketplace 
 
          -- Restrict our ability to execute our business model, including the 
             way we compensate agents 
 
   -- Adverse outcomes from litigation or administrative proceedings, including 
      effects of social inflation and third-party litigation funding on the 
      size of litigation awards 
 
   -- Events or actions, including unauthorized intentional circumvention of 
      controls, that reduce our future ability to maintain effective internal 
      control over financial reporting under the Sarbanes-Oxley Act of 2002 
 
   -- Unforeseen departure of certain executive officers or other key employees 
      due to retirement, health or other causes that could interrupt progress 
      toward important strategic goals or diminish the effectiveness of certain 
      longstanding relationships with insurance agents and others 
 
   -- Our inability, or the inability of our independent agents, to attract and 
      retain personnel in a competitive labor market 
 
   -- Events, such as an epidemic, natural catastrophe or terrorism, that could 
      hamper our ability to assemble our workforce at our headquarters location 
      or work effectively in a remote environment 

Further, our insurance businesses are subject to the effects of changing social, global, economic and regulatory environments. Public and regulatory initiatives have included efforts to adversely influence and restrict premium rates, restrict the ability to cancel policies, impose underwriting standards and expand overall regulation. We also are subject to public and regulatory initiatives that can affect the market value for our common stock, such as measures affecting corporate financial reporting and governance. The ultimate changes and eventual effects, if any, of these initiatives are uncertain.

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SOURCE Cincinnati Financial Corporation

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May 05, 2025 08:54 ET (12:54 GMT)