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Cincinnati Financial CINF Property, Liability and Casualty Insurance — Deferred policy acquisition costs

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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:SupplementaryInsuranceInformationDeferredPolicyAcquisitionCosts.

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 property, liability and casualty insurance — deferred policy acquisition costs?
Cincinnati Financial (CINF) reported property, liability and casualty insurance — deferred policy acquisition costs of $974M in Q4 2025.
How has Cincinnati Financial's property, liability and casualty insurance — deferred policy acquisition costs changed year-over-year?
Cincinnati Financial's property, liability and casualty insurance — deferred policy acquisition costs increased by 9.9% year-over-year, from $886M to $974M.
What does property, liability and casualty insurance — deferred policy acquisition costs mean?
Represents the capitalized costs directly associated with acquiring new or renewal insurance policies, such as commissions and underwriting expenses. These costs are deferred and amortized over the life of the insurance contract to match expenses with the related premium revenue. This reflects the company's investment in business growth and customer acquisition.