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Cincinnati Financial CINF Personal Insurance — Amortization of deferred policy acquisition cost

Other segment segments

Commercial Insurance
$937M+9.8%
Excess and Surplus Lines Insurance
$115M+12.7%

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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:SupplementalInformationForPropertyCasualtyInsuranceUnderwritersAmortizationOfDeferredPolicyAcquisitionCosts.

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 personal insurance — amortization of deferred policy acquisition cost?
Cincinnati Financial (CINF) reported personal insurance — amortization of deferred policy acquisition cost of $143M in Q4 2025.
How has Cincinnati Financial's personal insurance — amortization of deferred policy acquisition cost changed year-over-year?
Cincinnati Financial's personal insurance — amortization of deferred policy acquisition cost increased by 25.2% year-over-year, from $114.25M to $143M.
What is the long-term trend for Cincinnati Financial's personal insurance — amortization of deferred policy acquisition cost?
Over 4 years (2021 to 2025), Cincinnati Financial's personal insurance — amortization of deferred policy acquisition cost has grown at a 20.0% compound annual growth rate (CAGR), from $276M to $572M.
What does personal insurance — amortization of deferred policy acquisition cost mean?
Represents the systematic expensing of costs directly associated with acquiring new insurance policies, such as agent commissions and underwriting fees. These costs are initially capitalized and then amortized over the life of the insurance contract. This metric reflects the efficiency of the company's distribution and sales acquisition process.