Last10K.com

Cincinnati Financial Corp (CINF) SEC Filing 10-Q Quarterly Report for the period ending Thursday, March 31, 2022

SEC Filings

CINF Quarterly Reports

Cincinnati Financial Corp

CIK: 20286 Ticker: CINF

cfc3025rgb.jpg
The Cincinnati Insurance Company n The Cincinnati Indemnity Company
The Cincinnati Casualty Company n The Cincinnati Specialty Underwriters Insurance Company
The Cincinnati Life Insurance Company n CFC Investment Company n CSU Producer Resources Inc.
Cincinnati Global Underwriting Ltd. n Cincinnati Global Underwriting Agency Ltd.

Investor Contact: Dennis E. McDaniel, 513-870-2768
CINF-IR@cinfin.com

Media Contact: Betsy E. Ertel, 513-603-5323
Media_Inquiries@cinfin.com
Cincinnati Financial Reports Fourth-Quarter and Full-Year 2021 Results

Cincinnati, February 15, 2022 – Cincinnati Financial Corporation (Nasdaq: CINF)
today reported:
Fourth-quarter 2021 net income of $1.470 billion, or $9.04 per share, compared with net income of $1.049 billion, or $6.47 per share, in the fourth quarter of 2020, after recognizing a $1.113 billion fourth-quarter 2021 after-tax increase in the fair value of equity securities still held.
Full-year 2021 net income of $2.946 billion, or $18.10 per share, compared with $1.216 billion, or $7.49 per share, in 2020.
$58 million or 22% increase in fourth-quarter 2021 non-GAAP operating income* to $320 million, or $1.97 per share, compared with $262 million, or $1.61 per share, in the fourth quarter of last year.
$510 million or 96% increase in full-year 2021 non-GAAP operating income to $1.043 billion, or $6.41 per share, up from $533 million, or $3.28 per share, with after-tax property casualty underwriting profit up $483 million.
$421 million increase in fourth-quarter 2021 net income reflected the after-tax net effect of a $363 million increase in net investment gains and a $55 million increase in after-tax property casualty underwriting profit.
$81.72 book value per share at December 31, 2021, up $14.68 or 21.9% since year-end 2020.
25.7% value creation ratio for full-year 2021, compared with 14.7% for 2020.

Financial Highlights
(Dollars in millions except per share data)Three months ended December 31,Twelve months ended December 31,
20212020% Change20212020% Change
Revenue Data
   Earned premiums $1,676 $1,520 10$6,482 $5,980 8
   Investment income, net of expenses186 172 8714 670 7
   Total revenues3,323 2,694 239,630 7,536 28
Income Statement Data
   Net income  $1,470 $1,049 40$2,946 $1,216 142
   Investment gains and losses, after-tax1,150 787 461,903 683 179
   Non-GAAP operating income* $320 $262 22$1,043 $533 96
Per Share Data (diluted)
   Net income $9.04 $6.47 40$18.10 $7.49 142
   Investment gains and losses, after-tax7.07 4.86 4511.69 4.21 178
   Non-GAAP operating income* $1.97 $1.61 22$6.41 $3.28 95
   Book value$81.72 $67.04 22
   Cash dividend declared$0.63 $0.60 5$2.52 $2.40 5
   Diluted weighted average shares outstanding162.5 162.1 0162.7 162.4 0

*    The Definitions of Non-GAAP Information and Reconciliation to Comparable GAAP Measures defines and reconciles measures presented in this release that are not based on U.S. Generally Accepted Accounting Principles.
    Forward-looking statements and related assumptions are subject to the risks outlined in the company’s safe harbor statement.
                                             CINF 4Q21 Release 1

The following information was filed by Cincinnati Financial Corp (CINF) on Tuesday, February 15, 2022 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate Cincinnati Financial Corp's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Cincinnati Financial Corp.

Continue

Assess how Cincinnati Financial Corp's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Cincinnati Financial Corp's Definitive Proxy Statement (Form DEF 14A) filed after their 2022 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools

Rating

Learn More
Bullish Bearish Neutral
Filter Sentiment:
All
Positive
Negative
Filter Category:
All
Financial
Revenue
M & A
Legal
Other
Filter Subcategory:
All
Expense
Product
Earnings
Shares
Dividend
Cash Flow
Income
Geography
Other
Inside Cincinnati Financial Corp's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Cover
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (Parenthetical)
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Comprehensive Income
Condensed Consolidated Statements Of Comprehensive Income (Parenthetical)
Condensed Consolidated Statements Of Income
Condensed Consolidated Statements Of Shareholders' Equity
Accounting Policies
Accounting Policies Pending Accounting Updates (Policies)
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income (Details)
Accumulated Other Comprehensive Income (Tables)
Commitments And Contingent Liabilities
Deferred Acquisition Costs
Deferred Acquisition Costs (Tables)
Deferred Acquisition Costs - Deferred Policy Acquisition Costs And Asset Reconciliation (Detail)
Employee Retirement Benefits
Employee Retirement Benefits (Tables)
Employee Retirement Benefits - Components Of Net Periodic Costs For Qualified And Supplemental Pension Plans (Detail)
Employee Retirement Benefits - Defined Contribution Plan (Detail)
Fair Value Measurements
Fair Value Measurements (Tables)
Fair Value Measurements - Additional Information (Detail)
Fair Value Measurements - Fair Value Hierarchy For Assets Measured At Fair Value On Recurring Basis (Detail)
Fair Value Measurements - Fair Value Of Life Policy Loans, Deferred Annuities, And Structured Settlements (Detail)
Fair Value Measurements - Fair Values Of Note Payable And Long-Term Debt (Detail)
Fair Value Measurements - Summary Of Book Value And Principal Amounts Of Long-Term Debt (Detail)
Income Taxes
Income Taxes (Narrative) (Details)
Income Taxes (Tables)
Income Taxes - Differences Between Statutory Income Tax Rate And Effective Income Tax Rate (Detail)
Investments
Investments (Tables)
Investments - Additional Information (Detail)
Investments - Analysis Of Cost Or Amortized Cost, Gross Unrealized Gains And Losses And Fair Value For Investments (Detail)
Investments - Fair Values And Unrealized Losses By Investment Category And By Duration Of Securities' Continuous Unrealized Loss Position (Detail)
Investments - Realized Investment Gains And Losses And Change In Unrealized Investment Gains And Losses And Other Items (Detail)
Investments - Schedule Of Contractual Maturities Of Investments (Details)
Life Policy And Investment Contract Reserves
Life Policy And Investment Contract Reserves (Tables)
Net Income Per Common Share
Net Income Per Common Share (Tables)
Net Income Per Common Share - Calculations For Basic And Diluted Earnings Per Share (Detail)
Property Casualty Loss And Loss Expenses
Property Casualty Loss And Loss Expenses (Tables)
Property Casualty Loss And Loss Expenses - Additional Information (Detail)
Property Casualty Loss And Loss Expenses - Consolidated Property Casualty Loss And Loss Expense Reserves (Detail)
Reinsurance
Reinsurance (Details)
Reinsurance (Tables)
Reinsurance - Consolidated Property Casualty Insurance Assumed And Ceded Business (Details)
Reinsurance - Life Insurance Ceded Business (Detail)
Reserves In Addition To Account Balance, Based On Expected No-Lapse Guarantee Benefits And Expected Policy Assessments (Detail)
Segment Information
Segment Information (Detail)
Segment Information (Tables)
Segment Information - Narrative (Details)

Material Contracts, Statements, Certifications & more

Cincinnati Financial Corp provided additional information to their SEC Filing as exhibits

Ticker: CINF
CIK: 20286
Form Type: 10-Q Quarterly Report
Accession Number: 0000020286-22-000030
Submitted to the SEC: Thu Apr 28 2022 4:12:41 PM EST
Accepted by the SEC: Thu Apr 28 2022
Period: Thursday, March 31, 2022
Industry: Fire Marine And Casualty Insurance

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/cinf/0000020286-22-000030.htm