Cincinnati Financial Underwriting, acquisition and insurance expenses increased by 0.7% to $764.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 8.8%, from $702.00M to $764.00M. Over 4 years (FY 2021 to FY 2025), Underwriting, acquisition and insurance expenses shows an upward trend with a 10.6% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Lower expenses relative to premiums indicate higher operational efficiency, while rising expenses may signal increased competition or higher acquisition costs.
Operating costs associated with acquiring new insurance business, including agent commissions, marketing, and administra...
Standard for all insurers; peers often report this as 'underwriting expenses' or 'acquisition costs'.
other_underwriting_acquisition_and_insurance_expenses| Q2 '21 | Q3 '21 | 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 | $490.00M | $511.00M | $511.00M | $519.00M | $534.00M | $551.00M | $558.00M | $556.00M | $579.00M | $609.00M | $640.00M | $616.00M | $655.00M | $683.00M | $703.00M | $702.00M | $709.00M | $754.00M | $759.00M | $764.00M |
| QoQ Change | — | +4.3% | +0.0% | +1.6% | +2.9% | +3.2% | +1.3% | -0.4% | +4.1% | +5.2% | +5.1% | -3.8% | +6.3% | +4.3% | +2.9% | -0.1% | +1.0% | +6.3% | +0.7% | +0.7% |
| YoY Change | — | — | — | — | +9.0% | +7.8% | +9.2% | +7.1% | +8.4% | +10.5% | +14.7% | +10.8% | +13.1% | +12.2% | +9.8% | +14.0% | +8.2% | +10.4% | +8.0% | +8.8% |
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Commercial Insurance | $352.00M | $351.00M | $356.00M | $349.00M | $358.00M | $373.00M | $379.00M | $377.00M |
| Personal Insurance | $185.00M | $196.00M | $208.00M | $210.00M | $222.00M | $233.00M | $231.00M | $238.00M |
| Excess and Surplus Lines Insurance | $42.00M | $42.00M | $45.00M | $44.00M | $49.00M | $48.00M | $51.00M | $50.00M |
| Life Insurance Segment | $24.00M | $24.00M | $23.00M | $23.00M | $24.00M | $23.00M | — | $23.00M |
| Total | $655.00M | $683.00M | $703.00M | $702.00M | $709.00M | $754.00M | $759.00M | $764.00M |