Business Segments · Deferred policy acquisition costs
Property, Liability and Casualty Insurance — Deferred policy acquisition costs
Cincinnati Financial Property, Liability and Casualty Insurance — Deferred policy acquisition costs increased by 9.9% to $974.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 9.9%, from $886.00M to $974.00M.
Analysis
StatementSegment
CategoryEfficiency
SignalContext dependent
VolatilityStable
First reportedQ4 2018
Last reportedQ4 2025
Rolls up toDeferred acquisition costs
How to read this metric
An increase suggests higher investment in new business growth, while a decrease may indicate lower acquisition activity or a shift in expense recognition.
Detailed definition
Represents the capitalized costs directly associated with acquiring new or renewal insurance policies, such as commissio...
Peer comparison
Standard across P&C insurers; peers report this as Deferred Policy Acquisition Costs (DAC).
Metric ID:
cinf_segment_property_liability_and_casualty_insurance_deferred_policy_acquisition_costsHistorical Data
5 periods
| Q4 '21 | Q4 '22 | Q4 '23 | Q4 '24 | Q4 '25 | |
|---|---|---|---|---|---|
| Value | $602.00M | $682.00M | $749.00M | $886.00M | $974.00M |
| QoQ Change | — | +13.3% | +9.8% | +18.3% | +9.9% |
| YoY Change | — | +13.3% | +9.8% | +18.3% | +9.9% |
Range$602.00M – $974.00M
CAGR+61.8%
Avg YoY Growth+12.8%
Median YoY Growth+11.6%
Current Streak4+ quarters growth
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Frequently Asked Questions
- What is Cincinnati Financial's property, liability and casualty insurance — deferred policy acquisition costs?
- Cincinnati Financial (CINF) reported property, liability and casualty insurance — deferred policy acquisition costs of $974.00M in Q4 2025.
- How has Cincinnati Financial's property, liability and casualty insurance — deferred policy acquisition costs changed year-over-year?
- Cincinnati Financial's property, liability and casualty insurance — deferred policy acquisition costs increased by 9.9% year-over-year, from $886.00M to $974.00M.
- What does property, liability and casualty insurance — deferred policy acquisition costs mean?
- The portion of policy acquisition costs that are spread out over the life of the insurance policy.