Non-Current Assets
Deferred policy acquisition costs
Cincinnati Financial Deferred policy acquisition costs increased by 3.0% to $1.38B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 6.7%, from $1.30B to $1.38B. Over 5 years (FY 2020 to FY 2025), Deferred policy acquisition costs shows an upward trend with a 9.9% CAGR.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryEfficiency
SignalContext dependent
VolatilityStable
First reportedQ4 2014
Last reportedQ1 2026
How to read this metric
An increase suggests high growth in new business, while a decrease may indicate slowing sales or higher amortization rates.
Detailed definition
These are the incremental costs directly related to acquiring new insurance policies, such as commissions, which are cap...
Peer comparison
Standard accounting practice for insurance companies under GAAP.
Metric ID:
ins_deferred_policy_acquisition_costsHistorical Data
20 periods
| 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 | $924.00M | $915.00M | $916.00M | $984.00M | $1.05B | $1.03B | $1.01B | $1.05B | $1.11B | $1.10B | $1.09B | $1.14B | $1.23B | $1.24B | $1.24B | $1.30B | $1.37B | $1.36B | $1.34B | $1.38B |
| QoQ Change | — | -1.0% | +0.1% | +7.4% | +6.3% | -1.2% | -1.9% | +3.5% | +5.8% | -0.7% | -0.7% | +4.6% | +7.5% | +1.0% | +0.1% | +4.4% | +5.4% | -0.5% | -1.2% | +3.0% |
| YoY Change | — | — | — | — | +13.2% | +12.9% | +10.6% | +6.5% | +6.0% | +6.6% | +7.9% | +9.1% | +10.8% | +12.7% | +13.6% | +13.5% | +11.2% | +9.6% | +8.2% | +6.7% |
Range$915.00M – $1.38B
CAGR+8.9%
Avg YoY Growth+9.9%
Median YoY Growth+10.1%
Product Breakdown
| Segment | Q2 '23 | Q2 '24 | Q2 '25 | Q3 '25 | Q1 '26 |
|---|---|---|---|---|---|
| Term Life Insurance | $233.00M | $241.00M | $251.00M | $254.00M | $260.00M |
| Whole Life Insurance | $45.00M | $50.00M | $53.00M | $54.00M | $56.00M |
| Universal life | $52.00M | $52.00M | $51.00M | $50.00M | $49.00M |
| Deferred Fixed Annuity | $8.00M | $8.00M | $7.00M | $8.00M | $8.00M |
| Total | $1.11B | $1.23B | $1.37B | $1.36B | $1.38B |
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Life Insurance Segment | $351.00M | $354.00M | $356.00M | $360.00M | $362.00M | $366.00M | $370.00M | $373.00M |
| Consolidated Property And Casualty Insurance | $878.00M | — | — | — | $1.01B | — | — | — |
| Total | $1.23B | $1.24B | $1.24B | $1.30B | $1.37B | $1.36B | $1.34B | $1.38B |
Deferred policy acquisition costs at Other Companies
Frequently Asked Questions
- What is Cincinnati Financial's deferred policy acquisition costs?
- Cincinnati Financial (CINF) reported deferred policy acquisition costs of $1.38B in Q1 2026.
- How has Cincinnati Financial's deferred policy acquisition costs changed year-over-year?
- Cincinnati Financial's deferred policy acquisition costs increased by 6.7% year-over-year, from $1.30B to $1.38B.
- What is the long-term trend for Cincinnati Financial's deferred policy acquisition costs?
- Over 5 years (2020 to 2025), Cincinnati Financial's deferred policy acquisition costs has grown at a 9.9% compound annual growth rate (CAGR), from $838.00M to $1.34B.
- What does deferred policy acquisition costs mean?
- Costs of selling insurance policies that are spread out over the life of the policy.