Income StatementBalance SheetCash FlowSegments
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Cincinnati Financial Cash Flow Statement

Operating, investing, and financing cash movements

Cincinnati Financial generated $3.5B in operating cash flow over the trailing twelve months. After $19.0M in capital expenditures, free cash flow was $3.4B. Free cash flow increased 0.3% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$3.5BNet Cash From Investing (TTM)-$2.1BNet Cash From Financing (TTM)-$1.1BCapital Expenditures (TTM)$19.0MDepreciation And Amortization Cf (TTM)$105.0MNet Change In Cash (TTM)$229.0M
Latest FilingQ1 2026
Report Date2026-04-27
Market Cap$25.9B
P/E Ratio9.41
ROE18.73%

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Sales of short-term available-for-sale investments$848.0M$497.0M$851.0M$1.3B$1.2B$1.0B
Capital expenditures$4.0M$3.0M$4.0M$5.0M$8.0M$2.0M
Proceeds from Sale of Retained Ownership Interests$267.0M$17.0M$17.0M$167.0M$134.0M$454.0M
Change in short-term investments-$295.0M$200.0M$1.0M-$47.0M$2.0M$101.0M
Payment for (Proceeds from) Other Investing Activity$44.0M$27.0M$5.0M$35.0M$45.0M$25.0M
Payments to Acquire Equity Securities, FV-NI$39.0M$22.0M$73.0M$224.0M$90.0M$400.0M
Payments to acquire (proceeds from sale and collection of) finance receivables$5.0M$3.0M$0.0$27.0M$0.0-$3.0M
Sale of investments$848.0M$497.0M$851.0M$1.3B$1.2B$1.0B
Proceeds from disposal of certain strategic investments$267.0M$17.0M$17.0M$167.0M$134.0M$454.0M
Proceeds from Sale of Seagen Inc. Common Stock$267.0M$17.0M$17.0M$167.0M$134.0M$454.0M
Net cash from investing activities-$1.2B-$58.0M-$556.0M-$403.0M-$674.0M-$493.0M
Other investing activities$44.0M$27.0M$5.0M$35.0M$45.0M$25.0M
Proceeds from maturities/sales of investments$848.0M$497.0M$851.0M$1.3B$1.2B$1.0B
Purchases of equity securities$39.0M$22.0M$73.0M$224.0M$90.0M$400.0M
Purchases of investments$1.9B$717.0M$1.3B$1.5B$1.8B$1.6B

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
ROU assets obtained - finance leases$6.0M$8.0M$4.0M$4.0M$8.0M$3.0M
Non-cash Capital Expenditures$6.0M$8.0M$4.0M$4.0M$8.0M$3.0M
Capital Lease Obligations Incurred$6.0M$8.0M$4.0M$4.0M$8.0M$3.0M
Income taxes paid$174.0M$2.0M$95.0M$2.0M$121.0M$4.0M
Accrued Payables for Stock Repurchases—$100.0M$154.0M$90.0M—$38.0M
Liabilities assumed—$100.0M$154.0M$90.0M—$38.0M
Income Taxes Paid, Net$174.0M$2.0M$95.0M$2.0M$121.0M$4.0M
Capital Lease Obligations Incurred$6.0M$8.0M$4.0M$4.0M$8.0M$3.0M

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in deferred policy acquisition costs$1.0M$55.0M$70.0M-$7.0M—$40.0M
Change in loss reserves$75.0M$777.0M$292.0M$188.0M$247.0M$452.0M
Change in other assets$6.0M$22.0M$43.0M-$8.0M$16.0M$13.0M
Change in other liabilities$79.0M-$135.0M$81.0M$97.0M$41.0M-$187.0M
Change in unearned premiums$0.0$255.0M$376.0M-$21.0M—$170.0M
Deferred income taxes—$4.0M$89.0M$163.0M$27.0M-$82.0M
Gain (loss) on sale of assets$0.0-$74.0M$466.0M$843.0M$170.0M-$75.0M
Net cash from operating activities$642.0M$310.0M$741.0M$1.1B$947.0M$656.0M
Net income$405.0M-$90.0M$685.0M$1.1B$676.0M$274.0M
Depreciation, amortization and other$15.0M$47.0M$46.0M$33.0M$42.0M$40.0M
Gain (Loss) on Sale of Investments$0.0-$74.0M$466.0M$843.0M$170.0M-$75.0M
Increase (Decrease) in Deferred Income Taxes—$59.0M$28.0M-$110.0M-$3.0M-$113.0M
Increase (Decrease) in Deferred Policy Acquisition Costs$1.0M$55.0M$70.0M-$7.0M—$40.0M
Future policy benefits$15.0M$5.0M$3.0M$26.0M$21.0M$18.0M
Unpaid losses and loss expenses$75.0M$777.0M$292.0M$188.0M$247.0M$452.0M
Increase (Decrease) in Other Operating Assets$6.0M$22.0M$43.0M-$8.0M$16.0M$13.0M
Unearned premiums$0.0$255.0M$376.0M-$21.0M—$170.0M
Increase (Decrease ) in Premiums and Reinsurance receivable—$502.0M$235.0M-$213.0M—$175.0M
Interest credited to policyholder account balances$10.0M$11.0M$11.0M$11.0M$11.0M$11.0M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net Change in Cash Excluding Exchange Rate Effect—$27.0M-$15.0M$465.0M—-$221.0M
Net Change in Cash Excluding FX Effect—$27.0M-$15.0M$465.0M—-$221.0M
Liabilities Assumed—$100.0M$154.0M$90.0M—$38.0M
Net increase (decrease) in cash—$27.0M-$15.0M$465.0M$0.0-$221.0M
Net Change in Cash Excluding Exchange Rate Effect—$27.0M-$15.0M$465.0M—-$221.0M
Accrued payables for stock repurchases, including applicable excise tax—$100.0M$154.0M$90.0M—$38.0M
Non Cash Share-Based Compensation$12.8M$9.3M$9.3M$9.3M$9.3M—
Purchase Of Treasury Shares Non Cash—$13.0M$13.0M$3.0M—$27.0M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Dividends paid$125.0M$125.0M$133.0M$134.0M$133.0M$133.0M
Policyholder contract deposits$15.0M$14.0M$17.0M$16.0M$19.0M$16.0M
Other, net-$54.0M-$36.0M-$46.0M-$29.0M-$42.0M-$54.0M
Withdrawal from Contract Holders Funds$38.0M$40.0M$40.0M$41.0M$45.0M$39.0M
Payment of Deferred Purchase Consideration-$54.0M-$36.0M-$46.0M-$29.0M-$42.0M-$54.0M
Noncontrolling interest transactions and other-$54.0M-$36.0M-$46.0M-$29.0M-$42.0M-$54.0M
Net cash from financing activities-$204.0M-$225.0M-$200.0M-$246.0M-$302.0M-$384.0M
Other financing activities-$54.0M-$36.0M-$46.0M-$29.0M-$42.0M-$54.0M
Noncontrolling Interests Activity and Other-$54.0M-$36.0M-$46.0M-$29.0M-$42.0M-$54.0M
Proceeds from issuance of common stock$3.0M$4.0M$2.0M$2.0M$2.0M$5.0M
Repurchases of common stock$5.0M$42.0M$0.0$60.0M$103.0M$179.0M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$638.0M$307.0M$737.0M$1.1B$939.0M$654.0M