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Cincinnati Financial CINF Excess and Surplus Lines Insurance — Gross losses

Other segment segments

Life Insurance Segment
$75M+2.7%

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JRVRExcess & Surplus Lines — Underwriting Profit (Loss)
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JRVRExcess & Surplus Lines — Underwriting Profit Loss Of Operating Segments
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JRVRExcess & Surplus Lines — Gross written premiums
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JRVRExcess and Surplus Lines — Losses and loss adjustment expenses excluding retroactive reinsurance
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JRVRExcess and Surplus Lines — All outstanding losses and loss adjustment expenses, net of reinsurance
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Other financials

Income statement

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Revenue$2.9B+11.6%
Net income$274.0M+404%
EPS (diluted)$1.75+407%

Balance sheet

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Cash & equivalents$1.2B+19.8%
Total debt$791.0M+0.1%
Total equity$15.7B+14.6%
Total assets$41.2B+10.6%

Cash flow

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Operating cash flow$656.0M+112%
CapEx$2.0M-33.3%
Free cash flow$654.0M+113%

Valuation

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Market cap$28.64B+30.4%
Enterprise value$28.22B+29.7%
P/E10.4×-1.7×
P/S2.2×+0.3×

Profitability

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Net margin21.3%+8.1pp
FCF margin26.6%+3.0pp

Returns & leverage

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Return on equity18.7%+7.8pp
Debt / equity0.1×0.0×

Where this comes from

Reported directly by Cincinnati Financial in its filing.

Tagged under the XBRL concept us-gaap:LiabilityForClaimsAndClaimsAdjustmentExpense.

The official record: Cincinnati Financial’s 10-K, filed February 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Cincinnati Financial's excess and surplus lines insurance — gross losses?
Cincinnati Financial (CINF) reported excess and surplus lines insurance — gross losses of $1.22B in Q4 2025.
How has Cincinnati Financial's excess and surplus lines insurance — gross losses changed year-over-year?
Cincinnati Financial's excess and surplus lines insurance — gross losses increased by 17.0% year-over-year, from $1.04B to $1.22B.
What does excess and surplus lines insurance — gross losses mean?
The total value of insurance claims incurred by the excess and surplus lines segment before any deductions for reinsurance recoveries. This represents the raw underwriting performance and the total cost of claims activity.