Universal life — Deferred policy acquisition costs
Cincinnati Financial Universal life — Deferred policy acquisition costs decreased by 2.0% to $49.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 3.9%, from $51.00M to $49.00M. Over 3 years (FY 2022 to FY 2025), Universal life — Deferred policy acquisition costs shows relatively stable performance with a -1.8% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase indicates high investment in new business, while a decrease may suggest lower sales or accelerated amortization.
Detailed definition
This metric represents the unamortized balance of costs incurred to acquire new insurance policies, such as commissions...
Peer comparison
Standard industry metric known as 'DAC' (Deferred Acquisition Costs) reported by almost all insurance companies.
cinf_segment_universal_life_deferred_policy_acquisition_costsHistorical Data
| Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $54.00M | $53.00M | $54.00M | $53.00M | $53.00M | $52.00M | $52.00M | $52.00M | $52.00M | $52.00M | $52.00M | $52.00M | $51.00M | $51.00M | $51.00M | $50.00M | $50.00M | $49.00M |
| QoQ Change | — | -1.9% | +1.9% | -1.9% | +0.0% | -1.9% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | -1.9% | +0.0% | +0.0% | -2.0% | +0.0% | -2.0% |
| YoY Change | — | — | — | — | -1.9% | -1.9% | -3.7% | -1.9% | -1.9% | +0.0% | +0.0% | +0.0% | -1.9% | -1.9% | -1.9% | -3.8% | -2.0% | -3.9% |
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Frequently Asked Questions
- What is Cincinnati Financial's universal life — deferred policy acquisition costs?
- Cincinnati Financial (CINF) reported universal life — deferred policy acquisition costs of $49.00M in Q1 2026.
- How has Cincinnati Financial's universal life — deferred policy acquisition costs changed year-over-year?
- Cincinnati Financial's universal life — deferred policy acquisition costs decreased by 3.9% year-over-year, from $51.00M to $49.00M.
- What is the long-term trend for Cincinnati Financial's universal life — deferred policy acquisition costs?
- Over 3 years (2022 to 2025), Cincinnati Financial's universal life — deferred policy acquisition costs has grown at a -1.8% compound annual growth rate (CAGR), from $213.00M to $202.00M.
- What does universal life — deferred policy acquisition costs mean?
- The unamortized balance of costs spent to acquire new insurance policies.