Liability for Unpaid Claims and Claims Adjustment Expense, Net
Cincinnati Financial Liability for Unpaid Claims and Claims Adjustment Expense, Net increased by 2.4% to $8.59B in Q3 2023 compared to the prior quarter. Year-over-year, this metric grew by 11.3%, from $7.72B to $8.59B. Over 2 years (FY 2020 to FY 2022), Liability for Unpaid Claims and Claims Adjustment Expense, Net shows an upward trend with a 11.3% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
Rising levels may indicate higher claim frequency or severity, while declining levels could suggest improved claims management or a shrinking book.
Detailed definition
The estimated liability for claims that have been reported but not yet paid, including the associated costs to investiga...
Peer comparison
Standard liability for all property, casualty, and health insurers; essential for assessing underwriting risk.
other_liability_for_unpaid_claims_and_claims_adjustment__8d26f0Historical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Value | $6.68B | $6.90B | $6.90B | $6.97B | $7.32B | $7.72B | $7.93B | $8.20B | $8.38B | $8.59B |
| QoQ Change | — | +3.3% | -0.0% | +1.0% | +5.0% | +5.5% | +2.8% | +3.4% | +2.2% | +2.4% |
| YoY Change | — | — | — | — | +9.5% | +11.8% | +14.9% | +17.7% | +14.6% | +11.3% |
Product Breakdown
| Segment | Q2 '24 | Q2 '25 |
|---|---|---|
| Property and Casualty Insurance | $9.19B | $10.50B |
| Total | — | — |
Liability for Unpaid Claims and Claims Adjustment Expense, Net at Other Companies
Frequently Asked Questions
- What is Cincinnati Financial's liability for unpaid claims and claims adjustment expense, net?
- Cincinnati Financial (CINF) reported liability for unpaid claims and claims adjustment expense, net of $8.59B in Q3 2023.
- How has Cincinnati Financial's liability for unpaid claims and claims adjustment expense, net changed year-over-year?
- Cincinnati Financial's liability for unpaid claims and claims adjustment expense, net increased by 11.3% year-over-year, from $7.72B to $8.59B.
- What is the long-term trend for Cincinnati Financial's liability for unpaid claims and claims adjustment expense, net?
- Over 2 years (2020 to 2022), Cincinnati Financial's liability for unpaid claims and claims adjustment expense, net has grown at a 11.3% compound annual growth rate (CAGR), from $6.40B to $7.93B.
- What does liability for unpaid claims and claims adjustment expense, net mean?
- The total estimated cost to settle insurance claims that have been reported but not yet paid.