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Cincinnati Financial CINF Whole Life Insurance — Deferred policy acquisition costs

Other product segments

Term Life Insurance
$260M+4.8%
Universal life
$49M-3.9%
Deferred Fixed Annuity
$8M0.0%

Similar metrics at other companies

Horace Mann Educators logo
HMNWhole Life — Deferred policy acquisition costs
$25.1M+4.1%
Brighthouse Financial logo
BHFTerm and Whole Life Insurance — Deferred Policy Acquisition Cost
$254M-15.1%
Horace Mann Educators logo
HMNWhole Life — Deferred policy acquisition cost amortization
$300K0.0%
Corebridge Financial logo
CRBGLife Insurance — Deferred Policy Acquisition Cost
$4.17B+1.0%
Kemper logo
KMPRLife Insurance — Deferred Policy Acquisition Costs
$506.4M+7.5%
Brighthouse Financial logo
BHFTerm and Whole Life Insurance — Deferred Policy Acquisition Costs, Amortization Expense
$10M-9.1%

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:DeferredPolicyAcquisitionCosts.

The official record: Cincinnati Financial’s 10-Q, filed April 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Cincinnati Financial's whole life insurance — deferred policy acquisition costs?
Cincinnati Financial (CINF) reported whole life insurance — deferred policy acquisition costs of $56M in Q1 2026.
How has Cincinnati Financial's whole life insurance — deferred policy acquisition costs changed year-over-year?
Cincinnati Financial's whole life insurance — deferred policy acquisition costs increased by 5.7% year-over-year, from $53M to $56M.
What is the long-term trend for Cincinnati Financial's whole life insurance — deferred policy acquisition costs?
Over 3 years (2022 to 2025), Cincinnati Financial's whole life insurance — deferred policy acquisition costs has grown at a 9.7% compound annual growth rate (CAGR), from $163M to $215M.
What does whole life insurance — deferred policy acquisition costs mean?
This represents the unamortized portion of costs directly related to acquiring new insurance policies, such as agent commissions and underwriting expenses. These costs are capitalized and amortized over the life of the policy rather than expensed immediately. It is a key asset on the balance sheet representing future economic benefits from existing policies.