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Cincinnati Financial Corporation

Financial Services US CINF

143.21USD
0.21(0.15%)

Last update at 2024-12-19T18:55:00Z

Day Range

141.67144.44
LowHigh

52 Week Range

98.34161.75
LowHigh

Fundamentals

  • Previous Close 143.00
  • Market Cap24017.80M
  • Volume280682
  • P/E Ratio7.90
  • Dividend Yield2.08%
  • EBITDA4062.00M
  • Revenue TTM12155.00M
  • Revenue Per Share TTM77.61
  • Gross Profit TTM -533.00000M
  • Diluted EPS TTM19.46

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax -693.00000M 3670.00M 1499.00M 2472.00M 251.00M
Minority interest - - - - -
Net income -486.00000M 2946.00M 1216.00M 1997.00M 287.00M
Selling general administrative - - - - 0.00000M
Selling and marketing expenses - - - - -
Gross profit 6534.00M 9610.00M 7516.00M 7901.00M 5391.00M
Reconciled depreciation 127.00M 93.00M 81.00M 72.00M 63.00M
Ebit -640.00000M 3660.00M 1489.00M 2463.00M 304.00M
Ebitda -513.00000M 3753.00M 1570.00M 2535.00M 367.00M
Depreciation and amortization 127.00M 93.00M 81.00M 72.00M 63.00M
Non operating income net other - - - - -
Operating income -640.00000M 3660.00M 1489.00M 2463.00M 304.00M
Other operating expenses 7250.00M 5960.00M 6037.00M 5452.00M 5156.00M
Interest expense 53.00M 53.00M 54.00M 53.00M 53.00M
Tax provision -207.00000M 724.00M 283.00M 475.00M -36.00000M
Interest income 785.00M 723.00M 675.00M 647.00M 53.00M
Net interest income -53.00000M -53.00000M -54.00000M -53.00000M -53.00000M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense -207.00000M 724.00M 283.00M 475.00M -36.00000M
Total revenue 6557.00M 9630.00M 7536.00M 7924.00M 5407.00M
Total operating expenses -7174.00000M -5970.00000M -6047.00000M -5461.00000M -5103.00000M
Cost of revenue 23.00M 20.00M 20.00M 23.00M 16.00M
Total other income expense net -53.00000M 10.00M 10.00M 9.00M 5.00M
Discontinued operations - - - - -
Net income from continuing ops -486.00000M 2946.00M 1216.00M 2947.00M 215.00M
Net income applicable to common shares -486.00000M 2946.00M 1216.00M 1997.00M 287.00M
Preferred stock and other adjustments - - - - -
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 32063.00M 29736.00M 31387.00M 27542.00M 25408.00M
Intangible assets -152.00000M - - - 774.00M
Earning assets - - - - -
Other current assets 3799.00M 837.00M -2767.00000M -2627.00000M -2597.00000M
Total liab 19965.00M 19205.00M 18282.00M 16753.00M 15544.00M
Total stockholder equity 12098.00M 10531.00M 13105.00M 10789.00M 9864.00M
Deferred long term liab - 1045.00M 1744.00M 1299.00M 1079.00M
Other current liab 8399.00M -1045.00000M -54.00000M -54.00000M -39.00000M
Common stock 397.00M 397.00M 397.00M 397.00M 397.00M
Capital stock 397.00M 397.00M 397.00M 397.00M 397.00M
Retained earnings 13084.00M 11702.00M 12625.00M 10085.00M 9257.00M
Other liab - 11433.00M 14114.00M 12894.00M 9599.00M
Good will 30.00M - - - -
Other assets - 3083.00M 2841.00M 2608.00M 2387.00M
Cash 907.00M 1264.00M 1139.00M 900.00M 767.00M
Cash and equivalents - - - - -
Total current liabilities 8424.00M 50.00M 54.00M 54.00M 39.00M
Current deferred revenue - 1045.00M - - -
Net debt -33.00000M -373.00000M -242.00000M -1.00000M 118.00M
Short term debt 25.00M 50.00M 54.00M 54.00M 39.00M
Short long term debt 25.00M 50.00M 54.00M 54.00M 39.00M
Short long term debt total 874.00M 891.00M 897.00M 899.00M 885.00M
Other stockholder equity -948.00000M -932.00000M -565.00000M -462.00000M -238.00000M
Property plant equipment - 202.00M 205.00M 213.00M 207.00M
Total current assets 3799.00M 4478.00M 4004.00M 3527.00M 3364.00M
Long term investments 24780.00M 21973.00M 24666.00M 21773.00M 19956.00M
Net tangible assets - 10531.00M 13105.00M 10789.00M 9864.00M
Short term investments 13791.00M 452.00M 329.00M 348.00M 296.00M
Net receivables 3543.00M 3214.00M 2865.00M 2627.00M 2597.00M
Long term debt 790.00M 841.00M 843.00M 54.00M 39.00M
Inventory -18241.00000M - 24666.00M - -
Accounts payable - 3052.00M 2627.00M 2368.00M 2144.00M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -435.00000M -636.00000M 648.00M 769.00M 448.00M
Additional paid in capital - - - - -
Common stock total equity - 397.00M 397.00M 397.00M 397.00M
Preferred stock total equity - - - - -
Retained earnings total equity - 11702.00M 12625.00M 10085.00M 9257.00M
Treasury stock - -2324.00000M -1921.00000M -1790.00000M -1544.00000M
Accumulated amortization - - - - -
Non currrent assets other 2074.00M -1045.00000M -24542.00000M -21407.00000M -19657.00000M
Deferred long term asset charges - - - - -
Non current assets total 28264.00M 22175.00M 24542.00M 21407.00M 19657.00M
Capital lease obligations 59.00M 52.00M 54.00M 57.00M 58.00M
Long term debt total - 841.00M 843.00M 845.00M 846.00M
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Investments -1525.00000M -788.00000M -929.00000M -490.00000M -583.00000M
Change to liabilities - 583.00M 538.00M 283.00M 365.00M
Total cashflows from investing activities - -933.00000M -1057.00000M -560.00000M -679.00000M
Net borrowings - -4.00000M 12.00M 15.00M 7.00M
Total cash from financing activities -801.00000M -994.00000M -685.00000M -798.00000M -546.00000M
Change to operating activities - 1192.00M 694.00M 642.00M 260.00M
Net income 1843.00M -486.00000M 2946.00M 1216.00M 1997.00M
Change in cash -357.00000M 125.00M 239.00M 133.00M -17.00000M
Begin period cash flow 1264.00M 1139.00M 900.00M 767.00M 784.00M
End period cash flow 907.00M 1264.00M 1139.00M 900.00M 767.00M
Total cash from operating activities 2052.00M 2052.00M 1981.00M 1491.00M 1208.00M
Issuance of capital stock - - - - -
Depreciation 112.00M 127.00M 93.00M 81.00M 72.00M
Other cashflows from investing activities - -130.00000M -113.00000M -50.00000M -72.00000M
Dividends paid 454.00M 423.00M 395.00M 375.00M 355.00M
Change to inventory - - - - -
Change to account receivables -264.00000M -340.00000M -240.00000M -23.00000M -174.00000M
Sale purchase of stock -67.00000M -410.00000M -144.00000M -261.00000M -67.00000M
Other cashflows from financing activities -255.00000M -161.00000M -146.00000M -162.00000M -124.00000M
Change to netincome - 1141.00M -1823.00000M -597.00000M -1305.00000M
Capital expenditures 18.00M 15.00M 15.00M 20.00M 24.00M
Change receivables - - -8.00000M -3.00000M -1.00000M
Cash flows other operating - 687.00M 235.00M 511.00M 80.00M
Exchange rate changes - - - - -
Cash and cash equivalents changes - 125.00M 239.00M 133.00M -17.00000M
Change in working capital 937.00M 1230.00M 740.00M 835.00M 362.00M
Stock based compensation 40.00M 27.00M 33.00M 31.00M 30.00M
Other non cash items -1063.00000M 1509.00M -2308.00000M -808.00000M -1596.00000M
Free cash flow 2034.00M 2037.00M 1966.00M 1471.00M 1184.00M

Peer Comparison

Sector: Financial Services Industry: Insurance - Property & Casualty

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x)
CINF
Cincinnati Financial Corporation
0.21 0.15% 143.21 7.90 21.37 1.98 1.77 1.93
PGR
Progressive Corp
0.85 0.35% 241.13 34.22 20.33 1.55 5.46 1.70
CB
Chubb Ltd
4.22 1.55% 275.79 12.92 10.49 1.85 1.73 2.18
ALL
The Allstate Corporation
2.54 1.34% 191.79 12.61 10.79 0.83 2.79 0.99
TKOMF
Tokio Marine Holdings Inc.
- -% 37.68 14.81 10.00 0.0069 1.59 0.0064

Reports Covered

Stock Research & News

Profile

Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. It operates through five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment offers coverage for commercial casualty, commercial property, commercial auto, and workers' compensation. It also provides contract and commercial surety bonds, and fidelity bonds; and machinery and equipment. The Personal Lines Insurance segment offers personal auto insurance; homeowner insurance; and dwelling fire, inland marine, personal umbrella liability, and watercraft coverages to individuals. The Excess and Surplus Lines Insurance segment offers commercial casualty insurance that covers businesses for third-party liability from accidents occurring on their premises or arising out of their operations, such as injuries sustained from products, as well as other coverages, including miscellaneous errors and omissions, professional liability, and excess liability; and commercial property insurance, which insures buildings, inventory, equipment, and business income from loss or damage due to various causes, such as fire, wind, hail, water, theft, and vandalism. The Life Insurance segment provides term life insurance products; universal life insurance products; worksite products, such as term life; and whole life insurance products, as well as annuities. The Investments segment invests in fixed-maturity investments, including taxable and tax-exempt bonds, redeemable preferred stocks, and mortgage-backed securities; and equity investments comprising common and nonredeemable preferred stocks. It also offers commercial leasing and financing services; and insurance brokerage services. Cincinnati Financial Corporation was founded in 1950 and is headquartered in Fairfield, Ohio.

Cincinnati Financial Corporation

6200 South Gilmore Road, Fairfield, OH, United States, 45014-5141

Key Executives

Name Title Year Born
Mr. Steven Justus Johnston C.F.A., CERA, CFA, FCAS, MAAA Chairman & CEO 1960
Mr. Stephen Michael Spray Pres 1966
Mr. Michael James Sewell CPA, CPA CFO, Principal Accounting Officer, Exec. VP & Treasurer 1964
Mr. John Scott Kellington Chief Information Officer & Exec. VP of The Cincinnati Insurance Company 1962
Mr. Dennis E. McDaniel C.M.A., C.P.A., C.P.C.U., CFM, CMA, CPA, CPCU VP & Investor Relations Officer 1960
Ms. Lisa Anne Love Esq. Exec. VP, Chief Legal Officer & Corp. Sec. 1960
Betsy E. Ertel C.P.C.U. VP of Corp. Communications NA
Mr. Gregory Ziegler HR Director NA
Ms. Teresa Currin Cracas Esq. Chief Risk Officer & Exec. VP of The Cincinnati Insurance Company 1966
Mr. Donald Joseph Doyle Jr., C.P.C.U., CPCU, AIM Sr. VP of The Cincinnati Insurance Company 1967

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