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Cincinnati Financial CINF Underwriting, acquisition and insurance expenses

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Segments

By segment

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Commercial Insurance$377M+8.0%
Personal Insurance$238M+13.3%
Excess and Surplus Lines Insurance$50M+13.6%
Life Insurance Segment$23M0.0%

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 cinf:UnderwritingAcquisitionAndInsuranceExpenses.

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 underwriting, acquisition and insurance expenses?
Cincinnati Financial (CINF) reported underwriting, acquisition and insurance expenses of $764M in Q1 2026.
How has Cincinnati Financial's underwriting, acquisition and insurance expenses changed year-over-year?
Cincinnati Financial's underwriting, acquisition and insurance expenses increased by 8.8% year-over-year, from $702M to $764M.
What is the long-term trend for Cincinnati Financial's underwriting, acquisition and insurance expenses?
Over 4 years (2021 to 2025), Cincinnati Financial's underwriting, acquisition and insurance expenses has grown at a 10.7% compound annual growth rate (CAGR), from $1.95B to $2.92B.
What does underwriting, acquisition and insurance expenses mean?
Operating costs associated with acquiring new insurance business, including agent commissions, marketing, and administrative overhead. These expenses are essential for maintaining the distribution network and servicing existing policies. They are a key component of the company's overall expense ratio.