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Form 8-K

sec.gov

8-K — CINCINNATI FINANCIAL CORP

Accession: 0000020286-26-000059

Filed: 2026-10-26

Period: 2026-10-26

CIK: 0000020286

SIC: 6331 (FIRE, MARINE & CASUALTY INSURANCE)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — cinf-20261026.htm (Primary)

EX-99.1 (exhibit9913q26.htm)

EX-99.2 (exhibit9923q26.htm)

GRAPHIC (cfc_logox2945xcolor.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: cinf-20261026.htm · Sequence: 1

cinf-20261026

0000020286false00000202862026-10-262026-10-26

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

Date of Report: October 26, 2026

(Date of earliest event reported)

CINCINNATI FINANCIAL CORPORATION

(Exact name of registrant as specified in its charter)

Ohio 0-4604 31-0746871

(State or other jurisdiction

of incorporation) (Commission

File Number) (I.R.S. Employer

Identification No.)

6200 S. Gilmore Road Fairfield, Ohio 45014‑5141

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (513) 870-2000

N/A

(Former name or former address, if changed since last report.)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered

Common stock CINF Nasdaq Global Select Market

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13a-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§203.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

☐    Emerging growth company

☐    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Item 2.02 Results of Operations and Financial Condition.

On October 26, 2026, Cincinnati Financial Corporation issued the attached news release titled “Cincinnati Financial Reports Third-Quarter 2026 Results,” furnished as Exhibit 99.1 hereto and incorporated herein by reference. On October 26, 2026, the company also distributed the attached information titled “Supplemental Financial Data,” furnished as Exhibit 99.2 hereto and incorporated herein by reference.

This report should not be deemed an admission as to the materiality of any information contained in the news releases or supplemental financial data.

In accordance with general instruction B.2 of Form 8-K, the information furnished in this report shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.

Item 9.01 Financial Statements and Exhibits.

(c)     Exhibits

Exhibit 99.1 — News release dated October 26, 2026, titled "Cincinnati Financial Reports Third-Quarter 2026 Results"

Exhibit 99.2 — Supplemental Financial Data for the period ending September 30, 2026 distributed October 26, 2026

Exhibit 104 – The cover page from this Current Report on Form 8-K, formatted as Inline XBRL

Signature

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CINCINNATI FINANCIAL CORPORATION

Date: October 26, 2026 /S/ Michael J. Sewell

Michael J. Sewell, CPA

Chief Financial Officer, Executive Vice President and Treasurer

(Principal Accounting Officer)

EX-99.1

EX-99.1

Filename: exhibit9913q26.htm · Sequence: 2

Document

The Cincinnati Insurance Company n The Cincinnati Indemnity Company

The Cincinnati Casualty Company n The Cincinnati Specialty Underwriters Insurance Company

The Cincinnati Life Insurance Company n CFC Investment Company n CSU Producer Resources Inc.

Cincinnati Global Underwriting Ltd. n Cincinnati Global Underwriting Agency Ltd.

Investor Contact: Andrew F. Gossard, 513-870-2768

CINF-IR@cinfin.com

Media Contact: Betsy E. Ertel, 513-603-5323

Media_Inquiries@cinfin.com

Cincinnati Financial Reports Third-Quarter 2026 Results

Cincinnati, October 26, 2026 – Cincinnati Financial Corporation (Nasdaq: CINF) today reported:

•Third-quarter 2026 net income of $459 million, or $2.96 per share, compared with $1.122 billion, or $7.11 per share, in the third quarter of 2025, after recognizing a less than $1 million third-quarter 2026 after-tax increase in the fair value of equity securities still held.

•Third-quarter 2026 non-GAAP operating income* of $443 million, or $2.86 per share, compared with $449 million, or $2.85 per share, in the third quarter of last year.

•$663 million decrease in third-quarter 2026 net income, compared with third-quarter 2025, including the effects of after-tax net decreases of $657 million from net investment gains and $41 million from property casualty underwriting profit, partially offset by an increase of $24 million from investment income.

•$105.42 book value per share at September 30, 2026, up $3.07 since year-end.

•5.8% value creation ratio for the first nine months of 2026, compared with 13.8% for the same period of 2025.

Financial Highlights

(Dollars in millions, except per share data) Three months ended September 30, Nine months ended September 30,

2026 2025 % Change 2026 2025 % Change

Revenue Data

Earned premiums $ 2,690  $ 2,567  5 $ 7,929  $ 7,391  7

Investment income, net of expenses 325  295  10 962  860  12

Total revenues 3,047  3,726  (18) 10,184  9,540  7

Income Statement Data

Net income $ 459  $ 1,122  (59) $ 1,988  $ 1,717  16

Investment gains and losses, after-tax 16  673  (98) 991  994  0

Non-GAAP operating income* $ 443  $ 449  (1) $ 997  $ 723  38

Per Share Data (diluted)

Net income $ 2.96  $ 7.11  (58) $ 12.75  $ 10.88  17

Investment gains and losses, after-tax 0.10  4.26  (98) 6.36  6.30  1

Non-GAAP operating income* $ 2.86  $ 2.85  0 $ 6.39  $ 4.58  40

Book value $ 105.42  $ 98.76  7

Cash dividend declared $ 0.94  $ 0.87  8 $ 2.82  $ 2.61  8

Diluted weighted average shares outstanding 155.1  157.8  (2) 155.9  157.8  (1)

*    The Definitions of Non-GAAP Information and Reconciliation to Comparable GAAP Measures section defines and reconciles measures presented in this release that are not based on U.S. Generally Accepted Accounting Principles.

Forward-looking statements and related assumptions are subject to the risks outlined in the company’s safe harbor statement.

CINF 3Q26 Release 1

Insurance Operations Highlights

•90.9% third-quarter 2026 property casualty combined ratio, increased from 88.2% for the third quarter of 2025.

•2% growth in third-quarter net written premiums, including price increases, premium growth initiatives and a higher level of insured exposures.

•$315 million third-quarter 2026 property casualty new business written premiums, down 12%. Agencies appointed since the beginning of 2025 contributed $33 million or 10% of total new business written premiums.

•$31 million third-quarter 2026 life insurance subsidiary net income, up $3 million compared with the third quarter of 2025, and 2% growth in third-quarter 2026 term life insurance earned premiums.

Investment and Balance Sheet Highlights

•10% or $30 million increase in third-quarter 2026 pretax investment income, including an 11% increase in bond interest income and a 4% decrease in stock portfolio dividends.

•Three-month decrease of less than 1% in fair value of total investments at September 30, 2026, including a less than 1% decrease for both the bond portfolio and the stock portfolio.

•$6.044 billion parent company cash and marketable securities at September 30, 2026, up 9% from year-end 2025.

Property Casualty Operations Maintaining Profitability

Stephen M. Spray, president and chief executive officer, commented: “Over the past few months our field claims teams and headquarters claims associates have been busy. I’m proud of their efforts as they brought compassion and expertise to our agents and policyholders, quickly resolving claims and helping affected communities begin to move forward.

“This quarter is a nice example of the impact our many growth, profitability and diversification initiatives are having on our insurance business. While catastrophe losses grew by 7.0 points compared with last year’s third quarter – moving closer to historical averages for the third quarter – our overall combined ratio of 90.9% reflects our continued efforts in pricing segmentation across our organization and the purposeful diversification of our growth.

“On a nine-month basis we achieved healthy non-GAAP operating income, increasing that measure 38% to $997 million. Our insurance operations continued to lead the way. With three-quarters of the year behind us, our 95.8% combined ratio is comfortably within our long-term target of 92% to 98%.”

Growth Reflecting Underwriting Discipline

“In this competitive market, we are balancing new business opportunities with underwriting discipline. Total property casualty net written premiums grew 4% through the first nine months of 2026, reflecting average renewal price increases for each of our property casualty insurance segments and most of our major lines of business.

“Our growth strategy plays to the strengths of each area where we do business. We consider many factors such as historic loss ratios, current market conditions, weather patterns and our view of future expectations for particular lines of business to create an appropriate plan for targeted profitable growth. That work creates a generally stable underwriting appetite to support our agents and enhance our mutual success.

“We also continue to benefit from the introduction of new specialty products through The Cincinnati Specialty Underwriters Insurance Company and Cincinnati Global Underwriting, along with the ability to grow Cincinnati Re opportunistically as the reinsurance market changes. Through September, these three areas have grown 7%, 13% and 11%, respectively, compared with the first nine months of 2025.”

Insurance Profitability Fueling Investments

“Consolidated cash and total investments topped $34 billion. Since December, book value per share has risen to $105.42, driven by the contribution of our insurance operations and the strength of our investment portfolio.

“This ample capital allows us to execute on our long-term strategies and, at the same time, continue to not just pay dividends to shareholders, but increase them, through the normal variability of investment and insurance markets as we’ve done for 66 years.”

CINF 3Q26 Release 2

Insurance Operations Highlights

Consolidated Property Casualty Insurance Results

(Dollars in millions) Three months ended September 30, Nine months ended September 30,

2026 2025 % Change 2026 2025 % Change

Earned premiums $ 2,605 $ 2,484 5  $ 7,672 $ 7,145 7

Fee revenues 4 4 0  11 11 0

Total revenues 2,609 2,488 5  7,683 7,156 7

Loss and loss expenses 1,595 1,464 9  5,070 4,938 3

Underwriting expenses 774 731 6  2,276 2,095 9

Underwriting profit $ 240 $ 293 (18) $ 337 $ 123 174

Ratios as a percent of earned premiums: Pt. Change Pt. Change

Loss and loss expenses 61.2  % 58.9  % 2.3  66.1  % 69.1  % (3.0)

Underwriting expenses 29.7  29.3  0.4  29.7  29.3  0.4

Combined ratio 90.9  % 88.2  % 2.7  95.8  % 98.4  % (2.6)

% Change % Change

Agency renewal written premiums $ 2,095 $ 2,037  3  $ 6,394 $ 6,084 5

Agency new business written premiums 315 356  (12) 1,007 1,143 (12)

Other written premiums 140 100  40  642 494 30

Net written premiums $ 2,550 $ 2,493  2  $ 8,043 $ 7,721 4

Ratios as a percent of earned premiums: Pt. Change Pt. Change

Current accident year before catastrophe losses 54.0  % 55.4  % (1.4) 56.8  % 57.4  % (0.6)

Current accident year catastrophe losses 10.8  4.4  6.4  12.2  14.2  (2.0)

Prior accident years before catastrophe losses (3.5) (0.2) (3.3) (2.7) (1.6) (1.1)

Prior accident years catastrophe losses (0.1) (0.7) 0.6  (0.2) (0.9) 0.7

Loss and loss expense ratio 61.2  % 58.9  % 2.3  66.1  % 69.1  % (3.0)

Current accident year combined ratio before

catastrophe losses 83.7  % 84.7  % (1.0) 86.5  % 86.7  % (0.2)

•$57 million or 2% growth of third-quarter 2026 property casualty net written premiums, reflecting premium growth initiatives, price increases and a higher level of insured exposures.

•$41 million decrease in third-quarter 2026 new business premiums written by agencies, primarily due to our personal lines insurance segment, included a $15 million increase in production from agencies appointed since the beginning of 2025.

•300 new agency appointments in the first nine months of 2026, including 44 that market only our personal lines products.

•2.7 percentage-point third-quarter 2026 combined ratio increase, including an increase of 7.0 points for losses from catastrophes.

•2.6 percentage-point nine-month 2026 combined ratio improvement, including a decrease of 1.3 points from lower catastrophe losses.

•3.6 percentage-point third-quarter 2026 benefit from favorable prior accident year reserve development of $94 million, compared with 0.9 points or $22 million for third-quarter 2025.

•2.9 percentage-point nine-month 2026 benefit from favorable prior accident year reserve development, compared with 2.5 points for the first nine months of 2025.

•0.6 percentage-point improvement in the nine-month 2026 ratio for current accident year loss and loss expenses before catastrophes.

•0.4 percentage-point increase in the underwriting expense ratio for the first nine months of 2026, compared with the same period of 2025, primarily due to timing of recognition of certain expenses.

CINF 3Q26 Release 3

Commercial Lines Insurance Results

(Dollars in millions) Three months ended September 30, Nine months ended September 30,

2026 2025 % Change 2026 2025 % Change

Earned premiums $ 1,270  $ 1,229  3  $ 3,762  $ 3,620  4

Fee revenues 2  2  0  4  4  0

Total revenues 1,272  1,231  3  3,766  3,624  4

Loss and loss expenses 782  747  5  2,539  2,249  13

Underwriting expenses 398  373  7  1,166  1,080  8

Underwriting profit $ 92  $ 111  (17) $ 61  $ 295  (79)

Ratios as a percent of earned premiums: Pt. Change Pt. Change

Loss and loss expenses 61.5  % 60.8  % 0.7  67.5  % 62.2  % 5.3

Underwriting expenses 31.3  30.3  1.0  31.0  29.8  1.2

Combined ratio 92.8  % 91.1  % 1.7  98.5  % 92.0  % 6.5

% Change % Change

Agency renewal written premiums $ 1,050  $ 1,043  1  $ 3,380  $ 3,311  2

Agency new business written premiums 182  185  (2) 595  588  1

Other written premiums (33) (30) (10) (90) (86) (5)

Net written premiums $ 1,199  $ 1,198  0  $ 3,885  $ 3,813  2

Ratios as a percent of earned premiums: Pt. Change Pt. Change

Current accident year before catastrophe losses 58.0  % 59.2  % (1.2) 61.0  % 60.0  % 1.0

Current accident year catastrophe losses 7.1  3.0  4.1  9.6  5.0  4.6

Prior accident years before catastrophe losses (3.4) (1.0) (2.4) (3.0) (2.2) (0.8)

Prior accident years catastrophe losses (0.2) (0.4) 0.2  (0.1) (0.6) 0.5

Loss and loss expense ratio 61.5  % 60.8  % 0.7  67.5  % 62.2  % 5.3

Current accident year combined ratio before

catastrophe losses 89.3  % 89.5  % (0.2) 92.0  % 89.8  % 2.2

•$1 million or less than 1% growth in third-quarter 2026 commercial lines net written premiums, primarily due to higher agency renewal premiums. Two percent growth in nine-month net written premiums.

•$7 million or 1% increase in third-quarter renewal written premiums, with commercial lines average renewal pricing increases in the low-single-digit percent range.

•$3 million or 2% decrease in third-quarter 2026 new business premiums written by agencies, as we continue to carefully underwrite each policy in a highly competitive market.

•1.7 percentage-point third-quarter 2026 combined ratio increase, including an increase of 4.3 points for losses from catastrophes.

•6.5 percentage-point nine-month 2026 combined ratio increase, including an increase of 5.1 points from higher catastrophe losses.

•3.6 percentage-point third-quarter 2026 benefit from favorable prior accident year reserve development of $46 million, compared with 1.4 points or $18 million for third-quarter 2025.

•3.1 percentage-point nine-month 2026 benefit from favorable prior accident year reserve development, compared with 2.8 points for the first nine months of 2025.

CINF 3Q26 Release 4

Personal Lines Insurance Results

(Dollars in millions) Three months ended September 30, Nine months ended September 30,

2026 2025 % Change 2026 2025 % Change

Earned premiums $ 888  $ 838  6  $ 2,641  $ 2,340  13

Fee revenues 1  1  0  4  4  0

Total revenues 889  839  6  2,645  2,344  13

Loss and loss expenses 564  507  11  1,809  1,951  (7)

Underwriting expenses 237  233  2  717  665  8

Underwriting profit (loss) $ 88  $ 99  (11) $ 119  $ (272) nm

Ratios as a percent of earned premiums: Pt. Change Pt. Change

Loss and loss expenses 63.5  % 60.4  % 3.1  68.4  % 83.4  % (15.0)

Underwriting expenses 26.8  27.8  (1.0) 27.2  28.4  (1.2)

Combined ratio 90.3  % 88.2  % 2.1  95.6  % 111.8  % (16.2)

% Change % Change

Agency renewal written premiums $ 911  $ 864  5  $ 2,580  $ 2,364  9

Agency new business written premiums 76  116  (34) 230  384  (40)

Other written premiums (30) (29) (3) (88) (145) 39

Net written premiums $ 957  $ 951  1  $ 2,722  $ 2,603  5

Ratios as a percent of earned premiums: Pt. Change Pt. Change

Current accident year before catastrophe losses 47.9  % 50.7  % (2.8) 51.1  % 54.7  % (3.6)

Current accident year catastrophe losses 19.9  8.0  11.9  19.5  29.7  (10.2)

Prior accident years before catastrophe losses (3.6) 2.6  (6.2) (2.1) 0.4  (2.5)

Prior accident years catastrophe losses (0.7) (0.9) 0.2  (0.1) (1.4) 1.3

Loss and loss expense ratio 63.5  % 60.4  % 3.1  68.4  % 83.4  % (15.0)

Current accident year combined ratio before

catastrophe losses 74.7  % 78.5  % (3.8) 78.3  % 83.1  % (4.8)

•$6 million or 1% growth in third-quarter 2026 personal lines net written premiums, including higher agency renewal written premiums that benefited from rate increases near the low end of the high-single-digit percent range, partially offset by lower new business premiums. Five percent growth in nine-month net written premiums.

•$40 million or 34% decrease in third-quarter 2026 new business premiums written by agencies, as we continue to carefully underwrite each policy in a highly competitive market.

•2.1 percentage-point third-quarter 2026 combined ratio increase, including an increase of 12.1 points for losses from catastrophes.

•16.2 percentage-point nine-month 2026 combined ratio improvement, including a decrease of 8.9 points from lower catastrophe losses.

•4.3 percentage-point third-quarter 2026 favorable prior accident year reserve development of $38 million, compared with an unfavorable 1.7 points or $14 million for third-quarter 2025.

•2.2 percentage-point nine-month 2026 benefit from favorable prior accident year reserve development, compared with 1.0 points for the first nine months of 2025.

CINF 3Q26 Release 5

Excess and Surplus Lines Insurance Results

(Dollars in millions) Three months ended September 30, Nine months ended September 30,

2026 2025 % Change 2026 2025 % Change

Earned premiums $ 187  $ 174  7  $ 556  $ 510  9

Fee revenues 1  1  0  3  3  0

Total revenues 188  175  7  559  513  9

Loss and loss expenses 114  108  6  342  317  8

Underwriting expenses 53  48  10  156  141  11

Underwriting profit $ 21  $ 19  11  $ 61  $ 55  11

Ratios as a percent of earned premiums: Pt. Change Pt. Change

Loss and loss expenses 61.5  % 62.1  % (0.6) 61.7  % 62.2  % (0.5)

Underwriting expenses 27.9  27.7  0.2  28.0  27.6  0.4

Combined ratio 89.4  % 89.8  % (0.4) 89.7  % 89.8  % (0.1)

% Change % Change

Agency renewal written premiums $ 134  $ 130  3  $ 434  $ 409  6

Agency new business written premiums 57  55  4  182  171  6

Other written premiums (7) (10) 30  (31) (35) 11

Net written premiums $ 184  $ 175  5  $ 585  $ 545  7

Ratios as a percent of earned premiums: Pt. Change Pt. Change

Current accident year before catastrophe losses 63.8  % 64.1  % (0.3) 64.3  % 64.8  % (0.5)

Current accident year catastrophe losses 1.0  0.2  0.8  1.0  0.9  0.1

Prior accident years before catastrophe losses (3.3) (2.1) (1.2) (3.4) (3.2) (0.2)

Prior accident years catastrophe losses 0.0  (0.1) 0.1  (0.2) (0.3) 0.1

Loss and loss expense ratio 61.5  % 62.1  % (0.6) 61.7  % 62.2  % (0.5)

Current accident year combined ratio before

catastrophe losses 91.7  % 91.8  % (0.1) 92.3  % 92.4  % (0.1)

•$9 million or 5% growth in third-quarter 2026 excess and surplus lines net written premiums, including higher agency renewal written premiums that benefited from price increases averaging in the low-single-digit percent range. Seven percent growth in nine-month net written premiums.

•$2 million or 4% increase in third-quarter 2026 new business premiums written by agencies.

•0.4 percentage-point third-quarter 2026 combined ratio improvement, primarily due to favorable reserve development on prior accident year loss and loss expenses that was partially offset by higher current accident year catastrophe losses.

•0.1 percentage-point nine-month 2026 combined ratio improvement, largely due to a lower ratio for current accident year loss and loss expenses before catastrophe losses that was partially offset by a higher underwriting expense ratio.

•3.3 percentage-point third-quarter 2026 benefit from favorable prior accident year reserve development of $6 million, compared with 2.2 points or $4 million for third-quarter 2025.

•3.6 percentage-point nine-month 2026 benefit from favorable prior accident year reserve development, compared with 3.5 points for the first nine months of 2025.

CINF 3Q26 Release 6

Life Insurance Subsidiary Results

(Dollars in millions) Three months ended September 30, Nine months ended September 30,

2026 2025 % Change 2026 2025 % Change

Term life insurance $ 62  $ 61  2  $ 187  $ 179  4

Whole life insurance 15  14  7  42  40  5

Universal life and other 8  8  0  28  27  4

Earned premiums 85  83  2  257  246  4

Investment income, net of expenses 53  52  2  161  151  7

Investment gains and losses, net 4  (1) nm 3  (6) nm

Fee revenues 2  1  100  5  4  25

Total revenues 144  135  7  426  395  8

Contract holders’ benefits incurred 80  76  5  243  230  6

Underwriting expenses incurred 25  23  9  73  70  4

Total benefits and expenses 105  99  6  316  300  5

Net income before income tax 39  36  8  110  95  16

Income tax provision 8  8  0  23  20  15

Net income of the life insurance subsidiary $ 31  $ 28  11  $ 87  $ 75  16

•$2 million increase in third-quarter 2026 earned premiums, including a 2% increase for term life insurance, our largest life insurance product line.

•$12 million increase in nine-month 2026 life insurance subsidiary net income, primarily due to increased investment income, increased investment gains, increased earned premiums, and more favorable mortality experience, partially offset by less favorable impacts from the unlocking of interest rate and other actuarial assumptions.

•$1 million or less than 1% nine-month 2026 increase, to $1.468 billion, in GAAP shareholders’ equity for the life insurance subsidiary, primarily from net income that was offset by an increase in unrealized investment losses on fixed-maturity securities.

CINF 3Q26 Release 7

Investment and Balance Sheet Highlights

Investments Results

(Dollars in millions) Three months ended September 30, Nine months ended September 30,

2026 2025 % Change 2026 2025 % Change

Investment income, net of expenses $ 325  $ 295  10  $ 962  $ 860  12

Investment interest credited to contract holders (32) (32) 0  (97) (95) (2)

Investment gains and losses, net 20  853  (98) 1,258  1,259  0

Investments profit $ 313  $ 1,116  (72) $ 2,123  $ 2,024  5

Investment income:

Interest $ 252  $ 227  11  $ 731  $ 651  12

Dividends 66  69  (4) 214  206  4

Other 11  4  175  31  16  94

Less investment expenses 4  5  (20) 14  13  8

Investment income, pretax 325  295  10  962  860  12

Less income taxes 57  51  12  167  148  13

Total investment income, after-tax $ 268  $ 244  10  $ 795  $ 712  12

Investment returns:

Average invested assets plus cash and cash

equivalents $ 35,549  $ 31,899  $ 34,631  $ 31,345

Average yield pretax 3.66  % 3.70  % 3.70  % 3.66  %

Average yield after-tax 3.02  3.06  3.06  3.03

Effective tax rate 17.6  17.3  17.4  17.2

Fixed-maturity returns:

Average amortized cost $ 19,989  $ 17,816  $ 19,504  $ 17,515

Average yield pretax 5.04  % 5.10  % 5.00  % 4.96  %

Average yield after-tax 4.10  4.16  4.07  4.04

Effective tax rate 18.6  18.4  18.5  18.4

•$30 million or 10% rise in third-quarter 2026 pretax investment income, including an 11% increase in interest income from fixed-maturity securities and a 4% decrease in equity portfolio dividends.

•$1.142 billion in third-quarter 2026 pretax total investment losses, summarized in the table below. Changes in unrealized gains or losses reported in other comprehensive income, in addition to investment gains and losses reported in net income, are useful for evaluating total investment performance over time and are major components of changes in book value and the value creation ratio.

(Dollars in millions) Three months ended September 30, Nine months ended September 30,

2026 2025 2026 2025

Investment gains and losses on equity securities sold, net $ 5  $ (9) $ 255  $ (5)

Unrealized gains and losses on equity securities still held, net 1  855  980  1,259

Investment gains and losses on fixed-maturity securities, net (8) 1  (3) (13)

Other 22  6  26  18

Subtotal - investment gains and losses reported in net income 20  853  1,258  1,259

Change in unrealized investment gains and losses - fixed maturities and short-term (1,162) 241  (1,308) 336

Total $ (1,142) $ 1,094  $ (50) $ 1,595

CINF 3Q26 Release 8

Balance Sheet Highlights

(Dollars in millions, except share data) At September 30, At December 31,

2026 2025

Total investments $ 33,139  $ 31,783

Total assets 42,611  41,002

Short-term debt 17  25

Long-term debt 791  790

Shareholders’ equity 16,182  15,911

Book value per share 105.42  102.35

Debt-to-total-capital ratio 4.8  % 4.9  %

•$34.378 billion in consolidated cash and total investments at September 30, 2026, an increase of 4% from $33.214 billion at year-end 2025.

•$18.925 billion bond portfolio at September 30, 2026, with an average rating of A2/A. Fair value decreased $29 million during the third quarter of 2026, including $1.107 billion in net purchases of fixed-maturity securities.

•$13.145 billion equity portfolio was 39.7% of total investments, including $8.872 billion in appreciated value before taxes at September 30, 2026. Third-quarter 2026 decrease in fair value of $49 million, including $52 million in net sales of equity securities.

•$3.22 third-quarter 2026 decrease in book value per share, including additions of $2.89 of net income before investment gains and $0.82 for other items that were offset by $5.99 from investment portfolio net investment gains or changes in unrealized gains for fixed-maturity securities and $0.94 from dividends declared to shareholders.

•Value creation ratio of 5.8% for the first nine months of 2026, including 6.4% from net income before investment gains, which includes underwriting and investment income, and 6.2% from investment gains for equity securities, partially offset by 6.6% from changes in unrealized gains for fixed-maturity securities and 0.2% for other items.

For additional information or to register for our conference call webcast, please visit investors.cinfin.com.

About Cincinnati Financial

Cincinnati Financial Corporation offers primarily business, home and auto insurance through The Cincinnati Insurance Company and its two standard market property casualty companies. The same local independent insurance agencies that market those policies may offer products of our other subsidiaries, including life insurance, fixed annuities and surplus lines property and casualty insurance. For additional information about the company, please visit cinfin.com.

Mailing Address:                        Street Address:

P.O. Box 145496                        6200 South Gilmore Road

Cincinnati, Ohio 45250-5496                    Fairfield, Ohio 45014-5141

CINF 3Q26 Release 9

Safe Harbor Statement

Our business is subject to certain risks and uncertainties that may cause actual results to differ materially from those suggested by forward-looking statements. Any forward-looking statements contained herein, are based upon our current estimates, assumptions and plans that are subject to uncertainty. These statements are made subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words like “seek,” “expect,” “will,” “should,” “could,” “might,” “anticipate,” “believe,” “estimate,” “intend,” “likely,” “future,” or other similar expressions. Forward-looking statements speak only as of the date they were made; we assume no obligation to update such statements. Factors that could cause actual results to differ materially from those expressed in, or implied by, the forward-looking statements include, but are not limited to:

Insurance-Related Risks

•Risks and uncertainties associated with our loss reserves or actual claim costs exceeding reserves

•Increased frequency and/or severity of claims or development of claims that are unforeseen at the time of policy issuance

•Unusually high levels of catastrophe losses due to risk concentrations or changes in weather patterns, environmental events, war or political unrest, terrorism incidents, cyberattacks, civil unrest or other causes; and our ability to manage catastrophe risk

•Risks associated with analytical models in key areas such as underwriting, pricing, capital management, reserving, investments, reinsurance, and catastrophe risk management

•Inadequate estimates or assumptions, or reliance on third-party data used for critical accounting estimates

•Events or conditions that could weaken or harm our relationships with our independent agencies and hamper opportunities to add new agencies, resulting in limitations on our opportunities for growth

•Mergers, acquisitions, and other consolidations of agencies that result in a concentration of a significant amount of premium in one agency or agency group and/or alter our competitive advantages

•Our inability to manage business opportunities, growth prospects, and expenses for our ongoing operations

•Changing consumer insurance-buying habits

•The inability to obtain adequate ceded reinsurance on acceptable terms, for acceptable amounts, and from financially strong reinsurers; and the potential for nonpayment or delay in payment by reinsurers

•Domestic and global events, such as the wars in Ukraine and in the Middle East, future pandemics, inflationary trends, changes in U.S. trade and tariff policy, and disruptions in the banking and financial services industry, resulting in insurance losses, capital market or credit market uncertainty, followed by prolonged periods of economic instability or recession, that lead to:

◦Securities market disruption or volatility and related effects such as decreased economic activity and continued supply chain disruptions that affect our investment portfolio and book value

◦Significant or prolonged decline in the fair value of securities and impairment of the assets

◦Significant decline in investment income due to reduced or eliminated dividend payouts from securities

◦Significant rise in losses from surety or director and officer policies written for financial institutions or other insured entities or in losses from policies written by Cincinnati Re or Cincinnati Global

◦An unusually high level of claims in our insurance or reinsurance operations that increase litigation-related expenses

◦Decreased premium revenue and cash flow from disruption to our distribution channel of independent agents, consumer self-isolation, travel limitations, business restrictions and decreased economic activity

◦The inability of our workforce, agencies, or vendors to perform necessary business functions

Financial, Economic, and Investment Risks

•Declines in overall stock market values negatively affecting our equity portfolio and book value

•Downgrades in our financial strength ratings

•Interest rate fluctuations or other factors that could significantly affect:

◦Our ability to generate growth in investment income

◦Values of our fixed-maturity investments and accounts in which we hold bank-owned life insurance contract assets

◦Our traditional life policy reserves

•Economic volatility and illiquidity associated with our alternative investments in private equity, private credit, real property, and limited partnerships

CINF 3Q26 Release 10

•Failure to comply with covenants and other requirements under our credit facilities, senior debt, and other debt obligations

•Recession, prolonged elevated inflation, or other economic conditions resulting in lower demand for insurance products or increased payment delinquencies

•The inability of our subsidiaries to pay dividends consistent with current or past levels impacting our ability to pay shareholder dividends or repurchase shares

General Business, Technology, and Operational Risks

•Ineffective information technology systems or failing to develop and implement improvements in technology

•Difficulties with technology or data security breaches, including cyberattacks, could negatively affect our, or our agents’, ability to conduct business; disrupt our relationships with agents, policyholders, and others; cause reputational damage, mitigation expenses, data loss, and expose us to liability

•Difficulties with our operations and technology that may negatively impact our ability to conduct business, including cloud-based data information storage, data security, remote working capabilities, and/or outsourcing relationships and third-party operations and data security

•Disruption of the insurance market caused by technology innovations such as driverless cars that could decrease consumer demand for insurance products

•Delays, inadequate data developed internally or from third parties, or performance inadequacies from ongoing development and implementation of underwriting and pricing models and methods, including usage-based insurance methods, automation, artificial intelligence, or technology projects and enhancements expected to increase our efficiency, pricing accuracy, underwriting profit, and competitiveness

•Intense competition, and the impact of innovation, emerging technologies, artificial intelligence and changing customer preferences on the insurance industry and the markets in which we operate, could harm our ability to maintain or increase our business volumes and profitability

•Inability to defer policy acquisition costs for any business segment if pricing and loss trends would lead management to conclude that the segment could not achieve sustainable profitability

•Unforeseen departure of certain executive officers or other key employees that could interrupt progress toward important strategic goals or diminish the effectiveness of certain longstanding relationships with insurance agents and others

•Our inability, or the inability of our independent agents, to attract and retain personnel

•Events, such as a pandemic, an epidemic, natural catastrophe, or terrorism, which could hamper our ability to assemble our workforce, work effectively in a remote environment, or other failures of business continuity or disaster recovery programs

Regulatory, Compliance, and Legal Risks

•Actions of insurance departments, state attorneys general or other regulatory agencies, including a change to a federal system of regulation from a state-based system, that:

◦Impose new obligations on us that increase our expenses or change the assumptions underlying our critical accounting estimates

◦Place the insurance industry under greater regulatory scrutiny or result in new statutes, rules, and regulations

◦Restrict our ability to exit or reduce writings of unprofitable coverages or lines of business

◦Increase assessments for guaranty funds, other insurance‑related assessments, or mandatory reinsurance arrangements; or that impair our ability to recover such assessments through future surcharges or other rate changes

◦Increase our provision for federal income taxes due to changes in tax laws, regulations, or interpretations

◦Increase other expenses

◦Limit our ability to set fair, adequate, and reasonable rates

◦Restrict our ability to cancel policies

◦Impose new underwriting standards

◦Place us at a disadvantage in the marketplace

◦Restrict our ability to execute our business model, including the way we compensate agents

CINF 3Q26 Release 11

•Adverse outcomes from litigation, environmental claims, mass torts or administrative proceedings, including effects of social inflation and third-party litigation funding on the size and frequency of litigation awards

•Events or actions, including unauthorized intentional circumvention of controls, which reduce our future ability to maintain effective internal control over financial reporting under the Sarbanes-Oxley Act of 2002

•Effects of changing social, global, economic, and regulatory environments

•Additional measures affecting corporate financial reporting and governance that can affect the market value of our common stock

Risks and uncertainties are further discussed in other filings with the Securities and Exchange Commission, including our 2025 Annual Report on Form 10-K, Item 1A, Risk Factors, Page 30.

* * *

CINF 3Q26 Release 12

Cincinnati Financial Corporation

Condensed Consolidated Balance Sheets and Statements of Income (unaudited)

(Dollars in millions) September 30, December 31,

2026 2025

Assets

Investments $ 33,139  $ 31,783

Cash and cash equivalents 1,239  1,431

Premiums receivable 3,427  3,142

Reinsurance recoverable 624  655

Deferred policy acquisition costs 1,422  1,344

Other assets 2,760  2,647

Total assets $ 42,611  $ 41,002

Liabilities

Insurance reserves $ 15,611  $ 14,499

Unearned premiums 5,643  5,254

Deferred income tax 1,616  1,833

Long-term debt and lease obligations 858  861

Other liabilities 2,701  2,644

Total liabilities 26,429  25,091

Shareholders’ Equity

Common stock and paid-in capital 1,992  1,958

Retained earnings 18,273  16,719

Accumulated other comprehensive loss (951) (34)

Treasury stock (3,132) (2,732)

Total shareholders' equity 16,182  15,911

Total liabilities and shareholders' equity $ 42,611  $ 41,002

(Dollars in millions, except per share data) Three months ended September 30, Nine months ended September 30,

2026 2025 2026 2025

Revenues

Earned premiums $ 2,690  $ 2,567  $ 7,929  $ 7,391

Investment income, net of expenses 325  295  962  860

Investment gains and losses, net 20  853  1,258  1,259

Other revenues 12  11  35  30

Total revenues 3,047  3,726  10,184  9,540

Benefits and Expenses

Insurance losses and contract holders' benefits 1,675  1,540  5,313  5,168

Underwriting, acquisition and insurance expenses 799  754  2,349  2,165

Interest expense 12  13  39  40

Other operating expenses 8  6  28  27

Total benefits and expenses 2,494  2,313  7,729  7,400

Income Before Income Taxes 553  1,413  2,455  2,140

Provision for Income Taxes 94  291  467  423

Net Income $ 459  $ 1,122  $ 1,988  $ 1,717

Per Common Share:

Net income — basic $ 2.99  $ 7.19  $ 12.88  $ 10.99

Net income — diluted 2.96  7.11  12.75  10.88

CINF 3Q26 Release 13

Definitions of Non-GAAP Information and Reconciliation to Comparable GAAP Measures

(See attached tables for reconciliations; additional prior-period reconciliations available at investors.cinfin.com.)

Cincinnati Financial Corporation prepares its public financial statements in conformity with accounting principles generally accepted in the United States of America (GAAP). Statutory data is prepared in accordance with statutory accounting rules for insurance company regulation in the United States of America as defined by the National Association of Insurance Commissioners’ (NAIC) Accounting Practices and Procedures Manual, and therefore is not reconciled to GAAP data.

Management uses certain non-GAAP financial measures to evaluate its primary business areas – property casualty insurance, life insurance and investments. Management uses these measures when analyzing both GAAP and non-GAAP results to improve its understanding of trends in the underlying business and to help avoid incorrect or misleading assumptions and conclusions about the success or failure of company strategies. Management adjustments to GAAP measures generally: apply to non-recurring events that are unrelated to business performance and distort short-term results; involve values that fluctuate based on events outside of management’s control; supplement reporting segment disclosures with disclosures for a subsidiary company or for a combination of subsidiaries or reporting segments; or relate to accounting refinements that affect comparability between periods, creating a need to analyze data on the same basis.

•Non-GAAP operating income: Non-GAAP operating income is calculated by excluding investment gains and losses (defined as investment gains and losses after applicable federal and state income taxes) and other significant non-recurring items from net income. Management evaluates non-GAAP operating income to measure the success of pricing, rate and underwriting strategies. While investment gains (or losses) are integral to the company’s insurance operations over the long term, the determination to realize investment gains or losses on fixed-maturity securities sold in any period may be subject to management’s discretion and is independent of the insurance underwriting process. Also, under applicable GAAP accounting requirements, gains and losses are recognized from certain changes in market values of securities without actual realization. Management believes that the level of investment gains or losses for any particular period, while it may be material, may not fully indicate the performance of ongoing underlying business operations in that period.

For these reasons, many investors and shareholders consider non-GAAP operating income to be one of the more meaningful measures for evaluating insurance company performance. Equity analysts who report on the insurance industry and the company generally focus on this metric in their analyses. The company presents non-GAAP operating income so that all investors have what management believes to be a useful supplement to GAAP information.

•    Consolidated property casualty insurance results: To supplement reporting segment disclosures related to our property casualty insurance operations, we also evaluate results for those operations on a basis that includes results for our property casualty insurance and brokerage services subsidiaries. That is the total of our commercial lines, personal lines and our excess and surplus lines segments plus our reinsurance assumed operations known as Cincinnati Re and our London-based global specialty underwriter known as Cincinnati Global.

•Life insurance subsidiary results: To supplement life insurance reporting segment disclosures related to our life insurance operation, we also evaluate results for that operation on a basis that includes life insurance subsidiary investment income, or investment income plus investment gains and losses, that are also included in our investments reporting segment. We recognize that assets under management, capital appreciation and investment income are integral to evaluating the success of the life insurance segment because of the long duration of life products.

CINF 3Q26 Release 14

Cincinnati Financial Corporation

Net Income Reconciliation

(Dollars in millions, except per share data) Three months ended September 30, Nine months ended September 30,

2026 2025 2026 2025

Net income $ 459  $ 1,122  $ 1,988  $ 1,717

Less:

Investment gains and losses, net 20  853  1,258  1,259

Income tax on investment gains and losses (4) (180) (267) (265)

Investment gains and losses, after-tax 16  673  991  994

Non-GAAP operating income $ 443  $ 449  $ 997  $ 723

Diluted per share data:

Net income $ 2.96  $ 7.11  $ 12.75  $ 10.88

Less:

Investment gains and losses, net 0.13  5.40  8.07  7.98

Income tax on investment gains and losses (0.03) (1.14) (1.71) (1.68)

Investment gains and losses, after-tax 0.10  4.26  6.36  6.30

Non-GAAP operating income $ 2.86  $ 2.85  $ 6.39  $ 4.58

Life Insurance Reconciliation

(Dollars in millions) Three months ended September 30, Nine months ended September 30,

2026 2025 2026 2025

Net income of the life insurance subsidiary $ 31  $ 28  $ 87  $ 75

Investment gains and losses, net 4  (1) 3  (6)

Income tax on investment gains and losses 1  —  1  (1)

Non-GAAP operating income 28  29  85  80

Investment income, net of expenses (53) (52) (161) (151)

Investment interest credited to contract holders 32  32  97  95

Income tax excluding tax on investment gains and losses, net 7  8  22  21

Life insurance segment profit $ 14  $ 17  $ 43  $ 45

CINF 3Q26 Release 15

Property Casualty Insurance Reconciliation

(Dollars in millions) Three months ended September 30, 2026

Consolidated Commercial Personal E&S Other*

Premiums:

Net written premiums $ 2,550  $ 1,199  $ 957  $ 184  $ 210

Unearned premiums change 55  71  (69) 3  50

Earned premiums $ 2,605  $ 1,270  $ 888  $ 187  $ 260

Underwriting profit $ 240  $ 92  $ 88  $ 21  $ 39

(Dollars in millions) Nine months ended September 30, 2026

Consolidated Commercial Personal E&S Other*

Premiums:

Net written premiums $ 8,043  $ 3,885  $ 2,722  $ 585  $ 851

Unearned premiums change (371) (123) (81) (29) (138)

Earned premiums $ 7,672  $ 3,762  $ 2,641  $ 556  $ 713

Underwriting profit $ 337  $ 61  $ 119  $ 61  $ 96

(Dollars in millions) Three months ended September 30, 2025

Consolidated Commercial Personal E&S Other*

Premiums:

Net written premiums $ 2,493  $ 1,198  $ 951  $ 175  $ 169

Unearned premiums change (9) 31  (113) (1) 74

Earned premiums $ 2,484  $ 1,229  $ 838  $ 174  $ 243

Underwriting profit $ 293  $ 111  $ 99  $ 19  $ 64

(Dollars in millions) Nine months ended September 30, 2025

Consolidated Commercial Personal E&S Other*

Premiums:

Net written premiums $ 7,721  $ 3,813  $ 2,603  $ 545  $ 760

Unearned premiums change (576) (193) (263) (35) (85)

Earned premiums $ 7,145  $ 3,620  $ 2,340  $ 510  $ 675

Underwriting profit (loss) $ 123  $ 295  $ (272) $ 55  $ 45

Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.

*Included in Other are the results of Cincinnati Re and Cincinnati Global.

CINF 3Q26 Release 16

Cincinnati Financial Corporation

Other Measures

•Value creation ratio: This is a measure of shareholder value creation that management believes captures the contribution of the company’s insurance operations, the success of its investment strategy and the importance placed on paying cash dividends to shareholders. The value creation ratio measure is made up of two primary components: (1) rate of growth in book value per share plus (2) the ratio of dividends declared per share to beginning book value per share. Management believes this measure is useful, providing a meaningful measure of long-term progress in creating shareholder value. It is intended to be all-inclusive regarding changes in book value per share, and uses originally reported book value per share in cases where book value per share has been adjusted, such as adoption of Accounting Standards Updates with a cumulative effect of a change in accounting.

•    Written premium: Under statutory accounting rules in the U.S., property casualty written premium is the amount recorded for policies issued and recognized on an annualized basis at the effective date of the policy. Management analyzes trends in written premium to assess business efforts. The difference between written and earned premium is unearned premium.

Value Creation Ratio Calculations

(Dollars are per share) Three months ended September 30, Nine months ended September 30,

2026 2025 2026 2025

Value creation ratio:

End of period book value* $ 105.42  $ 98.76  $ 105.42  $ 98.76

Less beginning of period book value 108.64  91.46  102.35  89.11

Change in book value (3.22) 7.30  3.07  9.65

Dividend declared to shareholders 0.94  0.87  2.82  2.61

Total value creation $ (2.28) $ 8.17  $ 5.89  $ 12.26

Value creation ratio from change in book value** (3.0) % 8.0  % 3.0  % 10.9  %

Value creation ratio from dividends declared to shareholders*** 0.9  0.9  2.8  2.9

Value creation ratio (2.1) % 8.9  % 5.8  % 13.8  %

* Book value per share is calculated by dividing end of period total shareholders' equity by end of period shares outstanding

** Change in book value divided by the beginning of period book value

*** Dividend declared to shareholders divided by beginning of period book value

CINF 3Q26 Release 17

EX-99.2

EX-99.2

Filename: exhibit9923q26.htm · Sequence: 3

Document

Cincinnati Financial Corporation

Supplemental Financial Data

for the period ending September 30, 2026

6200 South Gilmore Road

Fairfield, Ohio 45014-5141

cinfin.com

Investor Contact: Media Contact: Shareholder Contact:

Andrew F. Gossard Betsy E. Ertel Brandon McIntosh

513-870-2768 513-603-5323 513-870-2696

A.M. Best Company Fitch Ratings Moody's Investor Service S&P Global Ratings

Cincinnati Financial Corporation

Corporate Debt a A A3 BBB+

The Cincinnati Insurance Companies

Insurer Financial Strength

Property Casualty Group

Standard Market Subsidiaries: A+ AA- A1 A+

The Cincinnati Insurance Company A+ AA- A1 A+

The Cincinnati Indemnity Company A+ AA- A1 A+

The Cincinnati Casualty Company A+ AA- A1 A+

Surplus Lines Subsidiary:

The Cincinnati Specialty Underwriters Insurance Company A+ — — —

The Cincinnati Life Insurance Company A+ AA- — A+

Ratings are as of October 23, 2026, under continuous review and subject to change and/or affirmation. For the current ratings, select Financial Strength under About on cinfin.com.

The consolidated financial statements and financial exhibits that follow are unaudited. These consolidated financial statements and exhibits should be read in conjunction with the consolidated financial statements and notes included with our periodic filings with the U.S. Securities and Exchange Commission. The results of operations for interim periods may not be indicative of results to be expected for the full year.

CINF Third-Quarter 2026 Supplemental Financial Data

1

Cincinnati Financial Corporation

Supplemental Financial Data

for the period ending September 30, 2026

Page

Definitions of Non-GAAP Information and Reconciliation to Comparable GAAP Measures

3

Consolidated

CFC and Subsidiaries Consolidation – Nine Months Ended September 30, 2026 4

CFC and Subsidiaries Consolidation – Three Months Ended September 30, 2026 5

Consolidated Property Casualty Insurance Operations

Losses Incurred Detail 6

Loss Ratio Detail 7

Loss Claim Count Detail 8

Quarterly Property Casualty Data – Commercial Lines 9

Quarterly Property Casualty Data – Personal Lines and Excess & Surplus Lines 10

Loss and Loss Expense Analysis – Nine Months Ended September 30, 2026 11

Loss and Loss Expense Analysis – Three Months Ended September 30, 2026 12

Reconciliation Data

Quarterly Property Casualty Data – Consolidated 13

Quarterly Property Casualty Data – Commercial Lines 14

Quarterly Property Casualty Data – Personal Lines 15

Quarterly Property Casualty Data – Excess & Surplus Lines 16

Statutory Statements of Income

Consolidated Cincinnati Insurance Companies Statutory Statements of Income 17

The Cincinnati Life Insurance Company Statutory Statements of Income 18

Other

Quarterly Data – Other 19

CINF Third-Quarter 2026 Supplemental Financial Data

2

Definitions of Non-GAAP Information and

Reconciliation to Comparable GAAP Measures

Cincinnati Financial Corporation prepares its public financial statements in conformity with accounting principles generally accepted in the United States of America (GAAP). Statutory data is prepared in accordance with statutory accounting rules for insurance company regulation in the United States of America as defined by the National Association of Insurance Commissioners’ (NAIC) Accounting Practices and Procedures Manual, and therefore is not reconciled to GAAP data.

Management uses certain non-GAAP financial measures to evaluate its primary business areas – property casualty insurance, life insurance and investments. Management uses these measures when analyzing both GAAP and non-GAAP results to improve its understanding of trends in the underlying business and to help avoid incorrect or misleading assumptions and conclusions about the success or failure of company strategies. Management adjustments to GAAP measures generally: apply to non-recurring events that are unrelated to business performance and distort short-term results; involve values that fluctuate based on events outside of management’s control; supplement reporting segment disclosures with disclosures for a subsidiary company or for a combination of subsidiaries or reporting segments; or relate to accounting refinements that affect comparability between periods, creating a need to analyze data on the same basis.

•Non-GAAP operating income: Non-GAAP operating income is calculated by excluding investment gains and losses (defined as investment gains and losses after applicable federal and state income taxes) and other significant non-recurring items from net income. Management evaluates non-GAAP operating income to measure the success of pricing, rate and underwriting strategies. While investment gains (or losses) are integral to the company’s insurance operations over the long term, the determination to realize investment gains or losses on fixed-maturity securities sold in any period may be subject to management’s discretion and is independent of the insurance underwriting process. Also, under applicable GAAP accounting requirements, gains and losses are recognized from certain changes in market values of securities without actual realization. Management believes that the level of investment gains or losses for any particular period, while it may be material, may not fully indicate the performance of ongoing underlying business operations in that period.

For these reasons, many investors and shareholders consider non-GAAP operating income to be one of the more meaningful measures for evaluating insurance company performance. Equity analysts who report on the insurance industry and the company generally focus on this metric in their analyses. The company presents non-GAAP operating income so that all investors have what management believes to be a useful supplement to GAAP information.

•Consolidated property casualty insurance results: To supplement reporting segment disclosures related to our property casualty insurance operations, we also evaluate results for those operations on a basis that includes results for our property casualty insurance and brokerage services subsidiaries. That is the total of our commercial lines, personal lines and our excess and surplus lines segments plus our reinsurance assumed operations known as Cincinnati Re and our London-based global specialty underwriter known as Cincinnati Global.

•Life insurance subsidiary results: To supplement life insurance reporting segment disclosures related to our life insurance operation, we also evaluate results for that operation on a basis that includes life insurance subsidiary investment income, or investment income plus investment gains and losses, that are also included in our investments reporting segment. We recognize that assets under management, capital appreciation and investment income are integral to evaluating the success of the life insurance segment because of the long duration of life products.

Other Measures

•Value creation ratio: This is a measure of shareholder value creation that management believes captures the contribution of the company’s insurance operations, the success of its investment strategy and the importance placed on paying cash dividends to shareholders. The value creation ratio measure is made up of two primary components: (1) rate of growth in book value per share plus (2) the ratio of dividends declared per share to beginning book value per share. Management believes this measure is useful, providing a meaningful measure of long-term progress in creating shareholder value. It is intended to be all-inclusive regarding changes in book value per share, and uses originally reported book value per share in cases where book value per share has been adjusted, such as adoption of Accounting Standards Updates with a cumulative effect of a change in accounting.

•Statutory accounting rules: For public reporting, insurance companies prepare financial statements in accordance with GAAP. However, insurers also must calculate certain data according to statutory accounting rules for insurance company regulation in the United States of America as defined in the NAIC’s Accounting Practices and Procedures Manual, which may be, and has been, modified by various state insurance departments and differ from GAAP. Statutory data is publicly available, and various organizations use it to calculate aggregate industry data, study industry trends and compare insurance companies.

•Written premium: Under statutory accounting rules in the U.S., property casualty written premium is the amount recorded for policies issued and recognized on an annualized basis at the effective date of the policy. Management analyzes trends in written premium to assess business efforts. The difference between written and earned premium is unearned premium.

CINF Third-Quarter 2026 Supplemental Financial Data

3

Cincinnati Financial Corporation and Subsidiaries

Consolidated Statements of Income for the Nine Months Ended September 30, 2026

(Dollars in millions) CFC CONSOL P&C CLIC CFC-I ELIM Total

Revenues

Premiums earned:

Property casualty $ —  $ 7,981  $ —  $ —  $ —  $ 7,981

Life —  —  318  —  —  318

Premiums ceded —  (309) (61) —  —  (370)

Total earned premium —  7,672  257  —  —  7,929

Investment income, net of expenses 94  709  161  —  (2) 962

Investment gains and losses, net 470  786  3  —  (1) 1,258

Fee revenues —  11  5  —  —  16

Other revenues 11  15  —  9  (16) 19

Total revenues $ 575  $ 9,193  $ 426  $ 9  $ (19) $ 10,184

Benefits & expenses

Losses & contract holders' benefits $ —  $ 5,140  $ 292  $ —  $ —  $ 5,432

Reinsurance recoveries —  (70) (49) —  —  (119)

Underwriting, acquisition and insurance expenses —  2,276  73  —  —  2,349

Interest expense 39  —  —  2  (2) 39

Other operating expenses 36  6  —  3  (17) 28

Total expenses $ 75  $ 7,352  $ 316  $ 5  $ (19) $ 7,729

Income before income taxes $ 500  $ 1,841  $ 110  $ 4  $ —  $ 2,455

Provision (benefit) for income taxes

Current operating income (loss) $ (28) $ 168  $ 28  $ 1  $ —  $ 169

Capital gains/losses 99  167  1  —  —  267

Deferred 20  17  (6) —  —  31

Total provision for income taxes $ 91  $ 352  $ 23  $ 1  $ —  $ 467

Net income - current year $ 409  $ 1,489  $ 87  $ 3  $ —  $ 1,988

Net income - prior year $ 352  $ 1,289  $ 75  $ 1  $ —  $ 1,717

*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.

Consolidated property casualty data includes results from our Cincinnati Re operations and Cincinnati Global.

CINF Third-Quarter 2026 Supplemental Financial Data

4

Cincinnati Financial Corporation and Subsidiaries

Consolidated Statements of Income for the Three Months Ended September 30, 2026

(Dollars in millions) CFC CONSOL P&C CLIC CFC-I ELIM Total

Revenues

Premiums earned:

Property casualty $ —  $ 2,717  $ —  $ —  $ —  $ 2,717

Life —  —  106  —  —  106

Premiums ceded —  (112) (21) —  —  (133)

Total earned premium —  2,605  85  —  —  2,690

Investment income, net of expenses 28  244  53  —  —  325

Investment gains and losses, net 89  (73) 4  —  —  20

Fee revenues —  4  2  —  —  6

Other revenues 4  5  —  3  (6) 6

Total revenues $ 121  $ 2,785  $ 144  $ 3  $ (6) $ 3,047

Benefits & expenses

Losses & contract holders' benefits $ —  $ 1,621  $ 97  $ —  $ —  $ 1,718

Reinsurance recoveries —  (26) (17) —  —  (43)

Underwriting, acquisition and insurance expenses —  774  25  —  —  799

Interest expense 13  —  —  —  (1) 12

Other operating expenses 11  1  —  1  (5) 8

Total expenses $ 24  $ 2,370  $ 105  $ 1  $ (6) $ 2,494

Income before income taxes $ 97  $ 415  $ 39  $ 2  $ —  $ 553

Provision (benefit) for income taxes

Current operating income (loss) $ (19) $ 126  $ 8  $ 1  $ —  $ 116

Capital gains/losses 18  (15) 1  —  —  4

Deferred 10  (35) (1) —  —  (26)

Total provision for income taxes $ 9  $ 76  $ 8  $ 1  $ —  $ 94

Net income - current year $ 88  $ 339  $ 31  $ 1  $ —  $ 459

Net income - prior year $ 263  $ 831  $ 28  $ —  $ —  $ 1,122

*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.

Consolidated property casualty data includes results from our Cincinnati Re operations and Cincinnati Global.

CINF Third-Quarter 2026 Supplemental Financial Data

5

Consolidated Property Casualty

Losses Incurred Detail

(Dollars in millions) Three months ended Six months ended Nine months ended Twelve months ended

12/31/26 9/30/26 6/30/26 3/31/26 12/31/25 9/30/25 6/30/25 3/31/25 6/30/26 6/30/25 9/30/26 9/30/25 12/31/26 12/31/25

Consolidated

Current accident year losses greater than $5 million $ 31  $ 29  $ 8  $ 27  $ 48  $ 15  $ 26  $ 37  $ 41  $ 68  $ 89  $ 116

Current accident year losses $2 million - $5 million 56  55  20  61  35  40  20  75  60  131  95  156

Large loss prior accident year reserve development (17) 51  50  40  49  27  56  101  83  84  132  172

Total large losses incurred $ 70  $ 135  $ 78  $ 128  $ 132  $ 82  $ 102  $ 213  $ 184  $ 283  $ 316  $ 444

Losses incurred but not reported 91  288  219  164  158  213  279  507  492  598  650  814

Other losses excluding catastrophe losses 890  767  838  786  831  741  688  1,605  1,429  2,495  2,260  3,046

Catastrophe losses 270  359  266  18  83  280  558  625  838  895  921  939

Total losses incurred $ 1,321  $ 1,549  $ 1,401  $ 1,096  $ 1,204  $ 1,316  $ 1,627  $ 2,950  $ 2,943  $ 4,271  $ 4,147  $ 5,243

Commercial Lines

Current accident year losses greater than $5 million $ 26  $ 29  $ —  $ 11  $ 48  $ 5  $ 7  $ 29  $ 12  $ 55  $ 60  $ 71

Current accident year losses $2 million - $5 million 41  33  5  34  12  22  15  38  37  79  49  83

Large loss prior accident year reserve development (25) 53  35  37  47  14  44  88  58  63  105  142

Total large losses incurred $ 42  $ 115  $ 40  $ 82  $ 107  $ 41  $ 66  $ 155  $ 107  $ 197  $ 214  $ 296

Losses incurred but not reported 58  104  94  44  67  106  163  198  269  256  336  380

Other losses excluding catastrophe losses 433  403  441  408  405  383  318  844  701  1,277  1,106  1,514

Catastrophe losses 84  147  117  5  29  83  40  264  123  348  152  157

Total losses incurred $ 617  $ 769  $ 692  $ 539  $ 608  $ 613  $ 587  $ 1,461  $ 1,200  $ 2,078  $ 1,808  $ 2,347

Personal Lines

Current accident year losses greater than $5 million $ 5  $ —  $ 8  $ 16  $ —  $ 10  $ 19  $ 8  $ 29  $ 13  $ 29  $ 45

Current accident year losses $2 million - $5 million 13  22  15  25  23  18  5  37  23  50  46  71

Large loss prior accident year reserve development 8  (2) 15  3  2  13  12  13  25  21  27  30

Total large losses incurred $ 26  $ 20  $ 38  $ 44  $ 25  $ 41  $ 36  $ 58  $ 77  $ 84  $ 102  $ 146

Losses incurred but not reported —  77  71  39  32  37  74  148  111  148  143  182

Other losses excluding catastrophe losses 310  271  282  298  316  257  254  553  511  863  827  1,125

Catastrophe losses 166  190  144  6  54  186  405  334  591  500  645  651

Total losses incurred $ 502  $ 558  $ 535  $ 387  $ 427  $ 521  $ 769  $ 1,093  $ 1,290  $ 1,595  $ 1,717  $ 2,104

Excess & Surplus Lines

Current accident year losses greater than $5 million $ —  $ —  $ —  $ —  $ —  $ —  $ —  $ —  $ —  $ —  $ —  $ —

Current accident year losses $2 million - $5 million 2  —  —  2  —  —  —  —  —  2  —  2

Large loss prior accident year reserve development —  —  —  —  —  —  —  —  —  —  —  —

Total large losses incurred $ 2  $ —  $ —  $ 2  $ —  $ —  $ —  $ —  $ —  $ 2  $ —  $ 2

Losses incurred but not reported 37  57  38  24  16  31  46  95  77  132  93  117

Other losses excluding catastrophe losses 38  24  40  48  59  42  24  64  66  102  125  173

Catastrophe losses 1  2  1  (1) —  3  —  3  3  4  3  2

Total losses incurred $ 78  $ 83  $ 79  $ 73  $ 75  $ 76  $ 70  $ 162  $ 146  $ 240  $ 221  $ 294

*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. The sum of quarterly amounts may not equal the full year as each is computed independently.

Consolidated property casualty data includes results from our Cincinnati Re operations and Cincinnati Global.

CINF Third-Quarter 2026 Supplemental Financial Data

6

Consolidated Property Casualty

Loss Ratio Detail

Three months ended Six months ended Nine months ended Twelve months ended

12/31/26 9/30/26 6/30/26 3/31/26 12/31/25 9/30/25 6/30/25 3/31/25 6/30/26 6/30/25 9/30/26 9/30/25 12/31/26 12/31/25

Consolidated

Current accident year losses greater than $5 million 1.2  % 1.2  % 0.3  % 1.1  % 1.9  % 0.6  % 1.2  % 0.7  % 0.9  % 0.9  % 1.3  % 1.2  %

Current accident year losses $2 million - $5 million 2.2  2.1  0.8  2.4  1.4  1.7  0.9  1.5  1.3  1.7  1.3  1.6

Large loss prior accident year reserve development (0.7) 2.0  2.0  1.6  2.0  1.1  2.4  2.0  1.8  1.1  1.8  1.8

Total large loss ratio 2.7  % 5.3  % 3.1  % 5.1  % 5.3  % 3.4  % 4.5  % 4.2  % 4.0  % 3.7  % 4.4  % 4.6  %

Losses incurred but not reported 3.5  11.3  8.7  6.5  6.4  8.9  12.3  10.0  10.5  7.8  9.1  8.4

Other losses excluding catastrophe losses 34.1  30.1  33.2  31.4  33.4  30.9  30.4  31.7  30.6  32.5  31.6  31.6

Catastrophe losses 10.4  14.1  10.6  0.7  3.4  11.7  24.6  12.3  18.0  11.7  12.9  9.7

Total loss ratio 50.7  % 60.8  % 55.6  % 43.7  % 48.5  % 54.9  % 71.8  % 58.2  % 63.1  % 55.7  % 58.0  % 54.3  %

Commercial Lines

Current accident year losses greater than $5 million 2.0  % 2.4  % —  % 0.9  % 3.9  % 0.5  % 0.6  % 1.2  % 0.5  % 1.5  % 1.7  % 1.5  %

Current accident year losses $2 million - $5 million 3.2  2.7  0.4  2.7  1.0  1.8  1.2  1.5  1.5  2.1  1.3  1.7

Large loss prior accident year reserve development (1.9) 4.2  2.8  3.0  3.8  1.2  3.8  3.6  2.5  1.6  2.9  2.9

Total large loss ratio 3.3  % 9.3  % 3.2  % 6.6  % 8.7  % 3.5  % 5.6  % 6.3  % 4.5  % 5.2  % 5.9  % 6.1  %

Losses incurred but not reported 4.5  8.3  7.6  3.6  5.4  8.7  13.9  8.0  11.3  6.8  9.3  7.8

Other losses excluding catastrophe losses 34.1  32.1  35.5  32.8  33.0  31.6  26.8  33.7  29.3  33.9  30.5  31.2

Catastrophe losses 6.6  11.7  9.5  0.4  2.4  6.8  3.4  10.6  5.1  9.3  4.2  3.2

Total loss ratio 48.5  % 61.4  % 55.8  % 43.4  % 49.5  % 50.6  % 49.7  % 58.6  % 50.2  % 55.2  % 49.9  % 48.3  %

Personal Lines

Current accident year losses greater than $5 million 0.6  % —  % 0.9  % 1.8  % —  % 1.3  % 2.8  % 0.4  % 2.0  % 0.5  % 1.3  % 1.4  %

Current accident year losses $2 million - $5 million 1.6  2.3  1.8  2.8  2.9  2.2  0.7  2.1  1.5  1.9  2.0  2.2

Large loss prior accident year reserve development 0.8  (0.2) 1.8  0.4  0.2  1.5  1.8  0.8  1.6  0.8  1.1  0.9

Total large loss ratio 3.0  % 2.1  % 4.5  % 5.0  % 3.1  % 5.0  % 5.3  % 3.3  % 5.1  % 3.2  % 4.4  % 4.5  %

Losses incurred but not reported —  8.7  8.1  4.5  3.8  4.7  10.5  8.4  7.4  5.6  6.1  5.7

Other losses excluding catastrophe losses 34.9  31.0  32.3  34.8  37.5  32.0  36.4  31.5  34.1  32.7  35.4  35.2

Catastrophe losses 18.7  21.6  16.4  0.8  6.5  23.1  57.9  19.1  39.3  18.9  27.5  20.4

Total loss ratio 56.6  % 63.4  % 61.3  % 45.1  % 50.9  % 64.8  % 110.1  % 62.3  % 85.9  % 60.4  % 73.4  % 65.8  %

Excess & Surplus Lines

Current accident year losses greater than $5 million —  % —  % —  % —  % —  % —  % —  % —  % —  % —  % —  % —  %

Current accident year losses $2 million - $5 million 1.1  —  —  1.1  —  —  —  —  —  0.3  —  0.3

Large loss prior accident year reserve development —  —  —  (0.1) —  —  —  —  —  —  —  —

Total large loss ratio 1.1  % —  % —  % 1.0  % —  % —  % —  % —  % —  % 0.3  % —  % 0.3  %

Losses incurred but not reported 19.5  30.7  20.8  12.7  9.2  18.1  28.1  25.8  23.0  23.7  18.3  16.8

Other losses excluding catastrophe losses 20.0  13.2  22.1  26.0  33.6  24.4  14.8  17.6  19.7  18.5  24.4  24.8

Catastrophe losses 1.0  0.8  0.7  (0.6) —  1.3  0.2  0.7  0.8  0.8  0.5  0.2

Total loss ratio 41.6  % 44.7  % 43.6  % 39.1  % 42.8  % 43.8  % 43.1  % 44.1  % 43.5  % 43.3  % 43.2  % 42.1  %

*Certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts.

Consolidated property casualty data includes results from our Cincinnati Re operations and Cincinnati Global.

CINF Third-Quarter 2026 Supplemental Financial Data

7

Consolidated Property Casualty

Loss Claim Count Detail

Three months ended Six months ended Nine months ended Twelve months ended

12/31/26 9/30/26 6/30/26 3/31/26 12/31/25 9/30/25 6/30/25 3/31/25 6/30/26 6/30/25 9/30/26 9/30/25 12/31/26 12/31/25

Consolidated

Current accident year reported losses greater

than $5 million 6  3  1  3  6  2  3  4  5  10  12  15

Current accident year reported losses

$2 million - $5 million 21  19  7  21  17  14  7  26  21  47  32  53

Prior accident year reported losses on

large losses 5  10  17  15  11  13  15  27  28  32  39  54

Non-Catastrophe reported losses on

large losses total 32  32  25  39  34  29  25  57  54  89  83  122

Commercial Lines

Current accident year reported losses greater

than $5 million 5  3  —  2  6  1  1  3  2  8  9  10

Current accident year reported losses

$2 million - $5 million 15  11  2  11  9  7  5  13  12  28  16  28

Prior accident year reported losses on

large losses 4  9  13  14  11  10  11  22  21  26  32  46

Non-Catastrophe reported losses on

large losses total 24  23  15  27  26  18  17  38  35  62  57  84

Personal Lines

Current accident year reported losses greater

than $5 million 1  —  1  1  —  1  2  1  3  2  3  5

Current accident year reported losses

$2 million - $5 million 5  8  5  9  8  7  2  13  9  18  16  24

Prior accident year reported losses on

large losses 1  1  4  1  —  3  4  5  7  6  7  8

Non-Catastrophe reported losses on

large losses total 7  9  10  11  8  11  8  19  19  26  26  37

Excess & Surplus Lines

Current accident year reported losses greater

than $5 million —  —  —  —  —  —  —  —  —  —  —  —

Current accident year reported losses

$2 million - $5 million 1  —  —  1  —  —  —  —  —  1  —  1

Prior accident year reported losses on

large losses —  —  —  —  —  —  —  —  —  —  —  —

Non-Catastrophe reported losses on

large losses total 1  —  —  1  —  —  —  —  —  1  —  1

*The sum of quarterly amounts may not equal the full year as each is computed independently.

CINF Third-Quarter 2026 Supplemental Financial Data

8

Quarterly Property Casualty Data - Commercial Lines

(Dollars in millions) Three months ended Six months ended Nine months ended Twelve months ended

12/31/26 9/30/26 6/30/26 3/31/26 12/31/25 9/30/25 6/30/25 3/31/25 6/30/26 6/30/25 9/30/26 9/30/25 12/31/26 12/31/25

Commercial casualty:

Net written premiums $ 373  $ 439  $ 451  $ 394  $ 372  $ 428  $ 443  $ 890  $ 871  $ 1,263  $ 1,244  $ 1,638

Year over year change %- written premium —  % 3  % 2  % 2  % 2  % 9  % 6  % 2  % 8  % 2  % 6  % 5  %

Earned premiums $ 414  $ 405  $ 405  $ 409  $ 403  $ 402  $ 387  $ 810  $ 789  $ 1,223  $ 1,192  $ 1,601

Current accident year before catastrophe losses 76.8  % 76.5  % 77.0  % 86.9  % 74.8  % 72.3  % 72.8  % 76.7  % 72.6  % 76.8  % 73.3  % 76.8  %

Current accident year catastrophe losses —  —  —  —  —  —  —  —  —  —  —  —

Prior accident years before catastrophe losses (0.3) 3.5  (0.7) (0.2) 6.0  (0.4) (0.3) 1.4  (0.4) 0.8  1.8  1.3

Prior accident years catastrophe losses —  —  —  —  —  —  —  —  —  —  —  —

Total loss and loss expense ratio 76.5  % 80.0  % 76.3  % 86.7  % 80.8  % 71.9  % 72.5  % 78.1  % 72.2  % 77.6  % 75.1  % 78.1  %

Commercial property:

Net written premiums $ 410  $ 435  $ 427  $ 395  $ 422  $ 428  $ 411  $ 862  $ 839  $ 1,272  $ 1,260  $ 1,655

Year over year change %- written premium (3) % 2  % 4  % 3  % 8  % 9  % 14  % 3  % 11  % 1  % 10  % 8  %

Earned premiums $ 423  $ 418  $ 415  $ 410  $ 405  $ 399  $ 389  $ 833  $ 787  $ 1,256  $ 1,192  $ 1,602

Current accident year before catastrophe losses 32.6  % 44.9  % 43.8  % 23.9  % 37.2  % 40.2  % 43.5  % 44.3  % 41.8  % 40.4  % 40.2  % 36.0  %

Current accident year catastrophe losses 21.2  33.7  28.7  1.6  8.6  21.5  13.3  31.2  17.5  27.8  14.5  11.2

Prior accident years before catastrophe losses (4.5) (4.5) (7.0) (3.6) (8.2) (9.5) (5.3) (5.7) (7.4) (5.3) (7.7) (6.7)

Prior accident years catastrophe losses (0.7) (0.2) (0.3) 0.3  (1.2) (0.6) (3.6) (0.2) (2.1) (0.4) (1.8) (1.2)

Total loss and loss expense ratio 48.6  % 73.9  % 65.2  % 22.2  % 36.4  % 51.6  % 47.9  % 69.6  % 49.8  % 62.5  % 45.2  % 39.3  %

Commercial auto:

Net written premiums $ 255  $ 292  $ 299  $ 240  $ 243  $ 271  $ 283  $ 591  $ 555  $ 847  $ 797  $ 1,037

Year over year change %- written premium 5  % 8  % 6  % 8  % 9  % 9  % 9  % 6  % 10  % 6  % 9  % 9  %

Earned premiums $ 270  $ 268  $ 259  $ 258  $ 253  $ 247  $ 241  $ 527  $ 489  $ 797  $ 742  $ 1,000

Current accident year before catastrophe losses 63.2  % 65.0  % 67.7  % 66.5  % 64.7  % 65.0  % 68.6  % 66.3  % 66.8  % 65.3  % 66.1  % 66.2  %

Current accident year catastrophe losses 0.1  3.3  0.5  0.1  0.8  0.8  1.8  1.9  1.3  1.3  1.1  0.8

Prior accident years before catastrophe losses 0.2  1.1  0.7  2.5  4.1  7.2  2.9  1.0  5.1  0.7  4.8  4.2

Prior accident years catastrophe losses 0.1  —  —  (0.1) —  (0.1) (0.1) —  (0.1) —  (0.1) (0.1)

Total loss and loss expense ratio 63.6  % 69.4  % 68.9  % 69.0  % 69.6  % 72.9  % 73.2  % 69.2  % 73.1  % 67.3  % 71.9  % 71.1  %

Workers' compensation:

Net written premiums $ 54  $ 54  $ 71  $ 53  $ 56  $ 57  $ 79  $ 125  $ 135  $ 178  $ 191  $ 244

Year over year change %- written premium (4) % (5) % (10) % (2) % —  % 4  % —  % (7) % 1  % (7) % 1  % —  %

Earned premiums $ 56  $ 54  $ 57  $ 61  $ 61  $ 60  $ 61  $ 111  $ 121  $ 168  $ 181  $ 242

Current accident year before catastrophe losses 95.8  % 91.0  % 98.0  % 96.4  % 94.6  % 97.0  % 95.5  % 94.6  % 96.2  % 95.0  % 95.7  % 95.9  %

Current accident year catastrophe losses —  —  —  —  —  —  —  —  —  —  —  —

Prior accident years before catastrophe losses (29.3) (27.2) (15.7) (32.3) (28.3) (27.8) (18.6) (21.4) (23.1) (24.1) (24.9) (26.8)

Prior accident years catastrophe losses —  —  —  —  —  —  —  —  —  —  —  —

Total loss and loss expense ratio 66.5  % 63.8  % 82.3  % 64.1  % 66.3  % 69.2  % 76.9  % 73.2  % 73.1  % 70.9  % 70.8  % 69.1  %

Other commercial:

Net written premiums $ 107  $ 107  $ 111  $ 103  $ 105  $ 106  $ 109  $ 218  $ 215  $ 325  $ 321  $ 424

Year over year change %- written premium 2  % 1  % 2  % 5  % (1) % 6  % 3  % 1  % 4  % 1  % 3  % 3  %

Earned premiums $ 107  $ 106  $ 105  $ 105  $ 107  $ 104  $ 101  $ 211  $ 205  $ 318  $ 313  $ 418

Current accident year before catastrophe losses 52.7  % 53.6  % 51.9  % 53.6  % 51.1  % 50.5  % 45.8  % 52.8  % 48.2  % 52.8  % 49.2  % 50.3  %

Current accident year catastrophe losses 0.1  —  0.1  0.2  —  0.1  0.1  0.1  0.1  0.1  —  0.1

Prior accident years before catastrophe losses (6.2) 0.1  (12.2) 0.5  2.9  (1.5) (2.2) (6.0) (1.8) (6.1) (0.2) —

Prior accident years catastrophe losses —  —  0.1  —  —  0.1  —  —  —  —  —  —

Total loss and loss expense ratio 46.6  % 53.7  % 39.9  % 54.3  % 54.0  % 49.2  % 43.7  % 46.9  % 46.5  % 46.8  % 49.0  % 50.4  %

*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts. The sum of quarterly amounts may not equal the full year as each is computed independently.

CINF Third-Quarter 2026 Supplemental Financial Data

9

Quarterly Property Casualty Data - Personal Lines

(Dollars in millions) Three months ended Six months ended Nine months ended Twelve months ended

12/31/26 9/30/26 6/30/26 3/31/26 12/31/25 9/30/25 6/30/25 3/31/25 6/30/26 6/30/25 9/30/26 9/30/25 12/31/26 12/31/25

Personal auto:

Net written premiums $ 321  $ 332  $ 275  $ 285  $ 328  $ 333  $ 266  $ 607  $ 599  $ 928  $ 927  $ 1,212

Year over year change %- written premium (2) % —  % 3  % 6  % 11  % 18  % 23  % 1  % 20  % —  % 17  % 14  %

Earned premiums $ 305  $ 304  $ 303  $ 300  $ 295  $ 285  $ 271  $ 606  $ 556  $ 911  $ 851  $ 1,151

Current accident year before catastrophe losses 67.8  % 68.3  % 69.2  % 68.3  % 67.8  % 67.8  % 71.2  % 68.8  % 69.5  % 68.4  % 68.9  % 68.8  %

Current accident year catastrophe losses 1.5  4.5  1.1  0.1  1.1  3.2  3.0  2.8  3.1  2.4  2.4  1.8

Prior accident years before catastrophe losses (0.8) (1.1) 3.2  1.9  1.9  —  (0.8) 1.0  (0.4) 0.4  0.4  0.8

Prior accident years catastrophe losses —  —  —  —  —  —  (0.3) —  (0.2) —  (0.1) (0.1)

Total loss and loss expense ratio 68.5  % 71.7  % 73.5  % 70.3  % 70.8  % 71.0  % 73.1  % 72.6  % 72.0  % 71.2  % 71.6  % 71.3  %

Homeowner:

Net written premiums $ 524  $ 537  $ 406  $ 446  $ 518  $ 532  $ 320  $ 943  $ 852  $ 1,467  $ 1,370  $ 1,816

Year over year change %- written premium 1  % 1  % 27  % 13  % 17  % 23  % 6  % 11  % 16  % 7  % 16  % 16  %

Earned premiums $ 477  $ 473  $ 469  $ 459  $ 444  $ 425  $ 338  $ 942  $ 763  $ 1,420  $ 1,208  $ 1,667

Current accident year before catastrophe losses 32.4  % 40.6  % 41.1  % 38.1  % 37.6  % 38.8  % 53.4  % 40.8  % 45.2  % 38.0  % 42.4  % 41.2  %

Current accident year catastrophe losses 35.4  36.1  30.2  1.8  12.9  44.3  122.5  33.2  79.0  33.9  54.7  40.1

Prior accident years before catastrophe losses (5.4) (2.5) (2.8) 0.5  0.9  (3.0) (2.0) (2.7) (2.6) (3.6) (1.3) (0.8)

Prior accident years catastrophe losses (1.5) 1.5  (0.3) (0.8) (1.6) (3.0) (3.5) 0.6  (3.2) (0.1) (2.6) (2.1)

Total loss and loss expense ratio 60.9  % 75.7  % 68.2  % 39.6  % 49.8  % 77.1  % 170.4  % 71.9  % 118.4  % 68.2  % 93.2  % 78.4  %

Other personal:

Net written premiums $ 112  $ 121  $ 94  $ 96  $ 105  $ 115  $ 86  $ 215  $ 201  $ 327  $ 306  $ 402

Year over year change %- written premium 7  % 5  % 9  % 8  % 12  % 12  % 13  % 7  % 12  % 7  % 12  % 11  %

Earned premiums $ 106  $ 103  $ 101  $ 100  $ 99  $ 94  $ 89  $ 205  $ 183  $ 310  $ 281  $ 381

Current accident year before catastrophe losses 59.9  % 59.2  % 62.0  % 55.5  % 58.8  % 58.3  % 76.2  % 60.6  % 67.0  % 60.3  % 64.2  % 61.9  %

Current accident year catastrophe losses 3.5  4.2  4.0  6.3  6.9  6.8  1.1  4.1  4.0  3.9  5.0  5.3

Prior accident years before catastrophe losses (3.4) (3.5) (1.0) 14.3  12.5  7.4  3.7  (2.3) 5.6  (2.6) 8.0  9.7

Prior accident years catastrophe losses 0.6  (0.2) (1.0) —  (0.8) (0.1) (0.4) (0.6) (0.2) (0.2) (0.5) (0.3)

Total loss and loss expense ratio 60.6  % 59.7  % 64.0  % 76.1  % 77.4  % 72.4  % 80.6  % 61.8  % 76.4  % 61.4  % 76.7  % 76.6  %

Quarterly Property Casualty Data - Excess & Surplus Lines

(Dollars in millions) Three months ended Six months ended Nine months ended Twelve months ended

12/31/26 9/30/26 6/30/26 3/31/26 12/31/25 9/30/25 6/30/25 3/31/25 6/30/26 6/30/25 9/30/26 9/30/25 12/31/26 12/31/25

Excess & Surplus:

Net written premiums $ 184  $ 219  $ 182  $ 184  $ 175  $ 202  $ 168  $ 401  $ 370  $ 585  $ 545  $ 729

Year over year change %- written premium 5  % 8  % 8  % 8  % 11  % 12  % 15  % 8  % 13  % 7  % 13  % 11  %

Earned premiums $ 187  $ 189  $ 180  $ 188  $ 174  $ 174  $ 162  $ 369  $ 336  $ 556  $ 510  $ 698

Current accident year before catastrophe losses 63.8  % 64.6  % 64.6  % 58.4  % 64.1  % 64.9  % 65.6  % 64.6  % 65.2  % 64.3  % 64.8  % 63.1  %

Current accident year catastrophe losses 1.0  0.9  1.1  (0.4) 0.2  1.6  0.8  1.0  1.2  1.0  0.9  0.5

Prior accident years before catastrophe losses (3.3) (2.9) (4.1) (0.3) (2.1) (2.7) (5.0) (3.5) (3.8) (3.4) (3.2) (2.5)

Prior accident years catastrophe losses —  (0.1) (0.4) (0.2) (0.1) (0.3) (0.5) (0.3) (0.3) (0.2) (0.3) (0.2)

Total loss and loss expense ratio 61.5  % 62.5  % 61.2  % 57.5  % 62.1  % 63.5  % 60.9  % 61.8  % 62.3  % 61.7  % 62.2  % 60.9  %

*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts. The sum of quarterly amounts may not equal the full year as each is computed independently.

CINF Third-Quarter 2026 Supplemental Financial Data

10

Consolidated Property Casualty Loss and Loss Expense Analysis

(Dollars in millions) Change in Change in Change in Total Loss

Paid Paid loss Total case IBNR loss expense change in Case IBNR expense Total

losses expense paid reserves reserves reserves reserves incurred incurred incurred incurred

Gross loss and loss expense incurred for the nine months ended September 30, 2026

Commercial casualty $ 500  $ 175  $ 675  $ 37  $ 167  $ 68  $ 272  $ 537  $ 167  $ 243  $ 947

Commercial property 563  56  619  81  86  12  179  644  86  68  798

Commercial auto 389  64  453  —  63  21  84  389  63  85  537

Workers' compensation 93  21  114  2  (3) 5  4  95  (3) 26  118

Other commercial 82  23  105  34  2  15  51  116  2  38  156

Total commercial lines 1,627  339  1,966  154  315  121  590  1,781  315  460  2,556

Personal auto 462  75  537  20  70  25  115  482  70  100  652

Homeowners 747  87  834  22  126  18  166  769  126  105  1,000

Other personal 122  7  129  16  47  1  64  138  47  8  193

Total personal lines 1,331  169  1,500  58  243  44  345  1,389  243  213  1,845

Excess & surplus lines 134  60  194  (22) 135  43  156  112  135  103  350

Other 239  17  256  26  103  4  133  265  103  21  389

Total property casualty $ 3,331  $ 585  $ 3,916  $ 216  $ 796  $ 212  $ 1,224  $ 3,547  $ 796  $ 797  $ 5,140

Ceded loss and loss expense incurred for the nine months ended September 30, 2026

Commercial casualty $ 13  $ 2  $ 15  $ (10) $ (2) $ (4) $ (16) $ 3  $ (2) $ (2) $ (1)

Commercial property 8  —  8  3  1  —  4  11  1  —  12

Commercial auto —  —  —  —  —  —  —  —  —  —  —

Workers' compensation 11  —  11  (8) (3) —  (11) 3  (3) —  —

Other commercial 6  1  7  (1) —  —  (1) 5  —  1  6

Total commercial lines 38  3  41  (16) (4) (4) (24) 22  (4) (1) 17

Personal auto 2  —  2  —  —  —  —  2  —  —  2

Homeowners 45  —  45  (23) 9  —  (14) 22  9  —  31

Other personal 4  —  4  (1) —  —  (1) 3  —  —  3

Total personal lines 51  —  51  (24) 9  —  (15) 27  9  —  36

Excess & surplus lines 6  1  7  (2) 3  —  1  4  3  1  8

Other 7  —  7  (5) 7  —  2  2  7  —  9

Total property casualty $ 102  $ 4  $ 106  $ (47) $ 15  $ (4) $ (36) $ 55  $ 15  $ —  $ 70

Net loss and loss expense incurred for the nine months ended September 30, 2026

Commercial casualty $ 487  $ 173  $ 660  $ 47  $ 169  $ 72  $ 288  $ 534  $ 169  $ 245  $ 948

Commercial property 555  56  611  78  85  12  175  633  85  68  786

Commercial auto 389  64  453  —  63  21  84  389  63  85  537

Workers' compensation 82  21  103  10  —  5  15  92  —  26  118

Other commercial 76  22  98  35  2  15  52  111  2  37  150

Total commercial lines 1,589  336  1,925  170  319  125  614  1,759  319  461  2,539

Personal auto 460  75  535  20  70  25  115  480  70  100  650

Homeowners 702  87  789  45  117  18  180  747  117  105  969

Other personal 118  7  125  17  47  1  65  135  47  8  190

Total personal lines 1,280  169  1,449  82  234  44  360  1,362  234  213  1,809

Excess & surplus lines 128  59  187  (20) 132  43  155  108  132  102  342

Other 232  17  249  31  96  4  131  263  96  21  380

Total property casualty $ 3,229  $ 581  $ 3,810  $ 263  $ 781  $ 216  $ 1,260  $ 3,492  $ 781  $ 797  $ 5,070

*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.

Other data includes results from our Cincinnati Re operations and Cincinnati Global.

CINF Third-Quarter 2026 Supplemental Financial Data

11

Consolidated Property Casualty Loss and Loss Expense Analysis

(Dollars in millions) Change in Change in Change in Total Loss

Paid Paid loss Total case IBNR loss expense change in Case IBNR expense Total

losses expense paid reserves reserves reserves reserves incurred incurred incurred incurred

Gross loss and loss expense incurred for the three months ended September 30, 2026

Commercial casualty $ 125  $ 74  $ 199  $ 23  $ 73  $ 23  $ 119  $ 148  $ 73  $ 97  $ 318

Commercial property 211  20  231  22  (47) 2  (23) 233  (47) 22  208

Commercial auto 132  20  152  11  —  9  20  143  —  29  172

Workers' compensation 33  7  40  (7) 7  (2) (2) 26  7  5  38

Other commercial 28  6  34  15  (3) 6  18  43  (3) 12  52

Total commercial lines 529  127  656  64  30  38  132  593  30  165  788

Personal auto 160  22  182  4  15  9  28  164  15  31  210

Homeowners 285  28  313  2  (16) —  (14) 287  (16) 28  299

Other personal 47  2  49  5  8  —  13  52  8  2  62

Total personal lines 492  52  544  11  7  9  27  503  7  61  571

Excess & surplus lines 45  22  67  (4) 37  15  48  41  37  37  115

Other 79  7  86  44  14  3  61  123  14  10  147

Total property casualty $ 1,145  $ 208  $ 1,353  $ 115  $ 88  $ 65  $ 268  $ 1,260  $ 88  $ 273  $ 1,621

Ceded loss and loss expense incurred for the three months ended September 30, 2026

Commercial casualty $ 1  $ —  $ 1  $ 1  $ —  $ —  $ 1  $ 2  $ —  $ —  $ 2

Commercial property 5  —  5  (3) (1) —  (4) 2  (1) —  1

Commercial auto —  —  —  —  —  —  —  —  —  —  —

Workers' compensation 8  —  8  (6) (1) —  (7) 2  (1) —  1

Other commercial 1  —  1  —  1  —  1  1  1  —  2

Total commercial lines 15  —  15  (8) (1) —  (9) 7  (1) —  6

Personal auto 1  —  1  —  —  —  —  1  —  —  1

Homeowners 16  —  16  (9) —  —  (9) 7  —  —  7

Other personal 1  —  1  (2) —  —  (2) (1) —  —  (1)

Total personal lines 18  —  18  (11) —  —  (11) 7  —  —  7

Excess & surplus lines —  —  —  —  1  —  1  —  1  —  1

Other 4  —  4  6  2  —  8  10  2  —  12

Total property casualty $ 37  $ —  $ 37  $ (13) $ 2  $ —  $ (11) $ 24  $ 2  $ —  $ 26

Net loss and loss expense incurred for the three months ended September 30, 2026

Commercial casualty $ 124  $ 74  $ 198  $ 22  $ 73  $ 23  $ 118  $ 146  $ 73  $ 97  $ 316

Commercial property 206  20  226  25  (46) 2  (19) 231  (46) 22  207

Commercial auto 132  20  152  11  —  9  20  143  —  29  172

Workers' compensation 25  7  32  (1) 8  (2) 5  24  8  5  37

Other commercial 27  6  33  15  (4) 6  17  42  (4) 12  50

Total commercial lines 514  127  641  72  31  38  141  586  31  165  782

Personal auto 159  22  181  4  15  9  28  163  15  31  209

Homeowners 269  28  297  11  (16) —  (5) 280  (16) 28  292

Other personal 46  2  48  7  8  —  15  53  8  2  63

Total personal lines 474  52  526  22  7  9  38  496  7  61  564

Excess & surplus lines 45  22  67  (4) 36  15  47  41  36  37  114

Other 75  7  82  38  12  3  53  113  12  10  135

Total property casualty $ 1,108  $ 208  $ 1,316  $ 128  $ 86  $ 65  $ 279  $ 1,236  $ 86  $ 273  $ 1,595

*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.

Other data includes results from our Cincinnati Re operations and Cincinnati Global.

CINF Third-Quarter 2026 Supplemental Financial Data

12

Quarterly Property Casualty Data - Consolidated

(Dollars in millions) Three months ended Six months ended Nine months ended Twelve months ended

12/31/26 9/30/26 6/30/26 3/31/26 12/31/25 9/30/25 6/30/25 3/31/25 6/30/26 6/30/25 9/30/26 9/30/25 12/31/26 12/31/25

Premiums

Agency renewal written premiums $ 2,095  $ 2,254  $ 2,045  $ 1,939  $ 2,037  $ 2,135  $ 1,912  $ 4,299  $ 4,047  $ 6,394  $ 6,084  $ 8,023

Agency new business written premiums 315  353  339  331  356  404  383  692  787  1,007  1,143  1,474

Other written premiums 140  218  284  91  100  194  200  502  394  642  494  585

Net written premiums $ 2,550  $ 2,825  $ 2,668  $ 2,361  $ 2,493  $ 2,733  $ 2,495  $ 5,493  $ 5,228  $ 8,043  $ 7,721  $ 10,082

Unearned premium change 55  (277) (149) 147  (9) (336) (231) (426) (567) (371) (576) (429)

Earned premiums $ 2,605  $ 2,548  $ 2,519  $ 2,508  $ 2,484  $ 2,397  $ 2,264  $ 5,067  $ 4,661  $ 7,672  $ 7,145  $ 9,653

Year over year change %

Agency renewal written premiums 3  % 6  % 7  % 10  % 13  % 16  % 14  % 6  % 15  % 5  % 14  % 13  %

Agency new business written premiums (12) (13) (11) (13) (12) (1) 11  (12) 5  (12) (1) (4)

Other written premiums 40  12  42  (11) 9  (7) (9) 27  (8) 30  (5) (6)

Net written premiums 2  3  7  5  9  11  11  5  11  4  10  9

Paid losses and loss expenses

Losses paid $ 1,108  $ 1,106  $ 1,014  $ 942  $ 1,039  $ 1,049  $ 1,203  $ 2,120  $ 2,253  $ 3,229  $ 3,292  $ 4,234

Loss expenses paid 208  187  187  187  178  197  196  374  392  581  570  757

Loss and loss expenses paid $ 1,316  $ 1,293  $ 1,201  $ 1,129  $ 1,217  $ 1,246  $ 1,399  $ 2,494  $ 2,645  $ 3,810  $ 3,862  $ 4,991

Incurred losses and loss expenses

Loss and loss expense incurred $ 1,595  $ 1,808  $ 1,667  $ 1,397  $ 1,464  $ 1,587  $ 1,887  $ 3,475  $ 3,474  $ 5,070  $ 4,938  $ 6,335

Loss and loss expenses paid as a % of incurred 82.5  % 71.5  % 72.0  % 80.8  % 83.1  % 78.5  % 74.1  % 71.8  % 76.1  % 75.1  % 78.2  % 78.8  %

Statutory combined ratio

Loss ratio 51.5  % 60.6  % 56.3  % 43.7  % 49.5  % 55.4  % 72.4  % 58.5  % 63.6  % 56.2  % 58.7  % 54.9  %

Loss adjustment expense ratio 10.9  10.4  10.8  12.4  10.9  11.6  11.7  10.6  11.7  10.7  11.4  11.6

Net underwriting expense ratio 28.8  28.0  28.5  30.2  28.3  26.4  28.2  28.2  27.3  28.4  27.6  28.2

US Statutory combined ratio 91.2  % 99.0  % 95.6  % 86.3  % 88.7  % 93.4  % 112.3  % 97.3  % 102.6  % 95.3  % 97.7  % 94.7  %

Contribution from catastrophe losses 11.1  14.4  11.0  0.7  4.0  11.9  25.2  12.7  18.4  12.2  13.4  10.1

Statutory combined ratio excl. catastrophe losses 80.1  % 84.6  % 84.6  % 85.6  % 84.7  % 81.5  % 87.1  % 84.6  % 84.2  % 83.1  % 84.3  % 84.6  %

GAAP combined ratio

GAAP combined ratio 90.9  % 100.8  % 95.6  % 85.2  % 88.2  % 94.9  % 113.3  % 98.2  % 103.8  % 95.8  % 98.4  % 94.9  %

Contribution from catastrophe losses 10.7  14.5  10.8  1.0  3.7  12.2  25.0  12.6  18.4  12.0  13.3  10.1

GAAP combined ratio excl. catastrophe losses 80.2  % 86.3  % 84.8  % 84.2  % 84.5  % 82.7  % 88.3  % 85.6  % 85.4  % 83.8  % 85.1  % 84.8  %

*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts. The sum of quarterly amounts may not equal the full year as each is computed

independently.

*nm - Not meaningful

*Statutory data prepared in accordance with statutory accounting rules as defined by the National Association of Insurance Commissioners and filed with the appropriate regulatory bodies. Statutory ratios exclude the results of Cincinnati Global.

Consolidated property casualty data includes the results of Cincinnati Re and Cincinnati Global.

CINF Third-Quarter 2026 Supplemental Financial Data

13

Quarterly Property Casualty Data - Commercial Lines

(Dollars in millions) Three months ended Six months ended Nine months ended Twelve months ended

12/31/26 9/30/26 6/30/26 3/31/26 12/31/25 9/30/25 6/30/25 3/31/25 6/30/26 6/30/25 9/30/26 9/30/25 12/31/26 12/31/25

Premiums

Agency renewal written premiums $ 1,050  $ 1,146  $ 1,184  $ 1,039  $ 1,043  $ 1,116  $ 1,152  $ 2,330  $ 2,268  $ 3,380  $ 3,311  $ 4,350

Agency new business written premiums 182  208  205  180  185  200  203  413  403  595  588  768

Other written premiums (33) (27) (30) (34) (30) (26) (30) (57) (56) (90) (86) (120)

Net written premiums $ 1,199  $ 1,327  $ 1,359  $ 1,185  $ 1,198  $ 1,290  $ 1,325  $ 2,686  $ 2,615  $ 3,885  $ 3,813  $ 4,998

Unearned premium change 71  (76) (118) 58  31  (78) (146) (194) (224) (123) (193) (135)

Earned premiums $ 1,270  $ 1,251  $ 1,241  $ 1,243  $ 1,229  $ 1,212  $ 1,179  $ 2,492  $ 2,391  $ 3,762  $ 3,620  $ 4,863

Year over year change %

Agency renewal written premiums 1  % 3  % 3  % 4  % 6  % 9  % 7  % 3  % 8  % 2  % 7  % 6  %

Agency new business written premiums (2) 4  1  1  (1) 4  12  2  7  1  5  4

Other written premiums (10) (4) —  8  17  13  14  (2) 14  (5) 15  13

Net written premiums —  3  3  4  5  9  8  3  9  2  7  7

Paid losses and loss expenses

Losses paid $ 514  $ 543  $ 533  $ 481  $ 497  $ 493  $ 403  $ 1,075  $ 897  $ 1,589  $ 1,393  $ 1,876

Loss expenses paid 127  104  105  104  102  110  109  209  218  336  321  426

Loss and loss expenses paid $ 641  $ 647  $ 638  $ 585  $ 599  $ 603  $ 512  $ 1,284  $ 1,115  $ 1,925  $ 1,714  $ 2,302

Incurred losses and loss expenses

Loss and loss expense incurred $ 782  $ 910  $ 847  $ 721  $ 747  $ 767  $ 735  $ 1,757  $ 1,502  $ 2,539  $ 2,249  $ 2,970

Loss and loss expenses paid as a % of incurred 82.0  % 71.1  % 75.3  % 81.1  % 80.2  % 78.6  % 69.7  % 73.1  % 74.2  % 75.8  % 76.2  % 77.5  %

Statutory combined ratio

Loss ratio 48.5  % 61.5  % 55.8  % 43.4  % 49.5  % 50.7  % 49.7  % 58.6  % 50.2  % 55.2  % 50.0  % 48.2  %

Loss adjustment expense ratio 13.0  11.3  12.5  14.5  11.3  12.7  12.6  11.9  12.6  12.3  12.2  12.8

Net underwriting expense ratio 31.9  29.2  27.7  31.4  30.9  28.3  26.9  28.5  27.6  29.5  28.6  29.3

Statutory combined ratio 93.4  % 102.0  % 96.0  % 89.3  % 91.7  % 91.7  % 89.2  % 99.0  % 90.4  % 97.0  % 90.8  % 90.3  %

Contribution from catastrophe losses 6.9  11.9  9.6  0.6  2.6  7.0  3.6  10.7  5.4  9.5  4.4  3.5

Statutory combined ratio excl. catastrophe losses 86.5  % 90.1  % 86.4  % 88.7  % 89.1  % 84.7  % 85.6  % 88.3  % 85.0  % 87.5  % 86.4  % 86.8  %

GAAP combined ratio

GAAP combined ratio 92.8  % 104.1  % 98.6  % 88.4  % 91.1  % 92.9  % 91.9  % 101.3  % 92.4  % 98.5  % 92.0  % 91.1  %

Contribution from catastrophe losses 6.9  11.9  9.6  0.6  2.6  7.0  3.6  10.7  5.4  9.5  4.4  3.5

GAAP combined ratio excl. catastrophe losses 85.9  % 92.2  % 89.0  % 87.8  % 88.5  % 85.9  % 88.3  % 90.6  % 87.0  % 89.0  % 87.6  % 87.6  %

*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts. The sum of quarterly amounts may not equal the full year as each is computed

independently.

*nm - Not meaningful

*Statutory data prepared in accordance with statutory accounting rules as defined by the National Association of Insurance Commissioners and filed with the appropriate regulatory bodies.

CINF Third-Quarter 2026 Supplemental Financial Data

14

Quarterly Property Casualty Data - Personal Lines

(Dollars in millions) Three months ended Six months ended Nine months ended Twelve months ended

12/31/26 9/30/26 6/30/26 3/31/26 12/31/25 9/30/25 6/30/25 3/31/25 6/30/26 6/30/25 9/30/26 9/30/25 12/31/26 12/31/25

Premiums

Agency renewal written premiums $ 911  $ 943  $ 726  $ 764  $ 864  $ 866  $ 634  $ 1,669  $ 1,500  $ 2,580  $ 2,364  $ 3,128

Agency new business written premiums 76  78  76  92  116  141  127  154  268  230  384  476

Other written premiums (30) (31) (27) (29) (29) (27) (89) (58) (116) (88) (145) (174)

Net written premiums $ 957  $ 990  $ 775  $ 827  $ 951  $ 980  $ 672  $ 1,765  $ 1,652  $ 2,722  $ 2,603  $ 3,430

Unearned premium change (69) (110) 98  32  (113) (176) 26  (12) (150) (81) (263) (231)

Earned premiums $ 888  $ 880  $ 873  $ 859  $ 838  $ 804  $ 698  $ 1,753  $ 1,502  $ 2,641  $ 2,340  $ 3,199

Year over year change %

Agency renewal written premiums 5  % 9  % 15  % 22  % 24  % 27  % 28  % 11  % 28  % 9  % 26  % 25  %

Agency new business written premiums (34) (45) (40) (40) (30) (13) 4  (43) (6) (40) (15) (21)

Other written premiums (3) (15) 70  (12) (4) (8) (324) 50  (152) 39  (96) (74)

Net written premiums 1  1  15  10  14  20  13  7  17  5  16  14

Paid losses and loss expenses

Losses paid $ 474  $ 437  $ 368  $ 346  $ 424  $ 446  $ 609  $ 805  $ 1,055  $ 1,280  $ 1,479  $ 1,824

Loss expenses paid 52  60  57  58  52  63  64  117  127  169  179  237

Loss and loss expenses paid $ 526  $ 497  $ 425  $ 404  $ 476  $ 509  $ 673  $ 922  $ 1,182  $ 1,449  $ 1,658  $ 2,061

Incurred losses and loss expenses

Loss and loss expense incurred $ 564  $ 638  $ 607  $ 468  $ 507  $ 598  $ 846  $ 1,245  $ 1,444  $ 1,809  $ 1,951  $ 2,419

Loss and loss expenses paid as a % of incurred 93.3  % 77.9  % 70.0  % 86.3  % 93.9  % 85.1  % 79.6  % 74.1  % 81.9  % 80.1  % 85.0  % 85.2  %

Statutory combined ratio

Loss ratio 56.6  % 63.4  % 61.3  % 45.1  % 50.9  % 64.8  % 110.1  % 62.3  % 85.9  % 60.4  % 73.4  % 65.8  %

Loss adjustment expense ratio 6.9  9.0  8.2  9.5  9.5  9.6  11.0  8.7  10.3  8.1  10.0  9.9

Net underwriting expense ratio 26.4  26.5  30.2  28.2  25.9  24.7  31.2  28.1  27.3  27.5  26.8  27.1

Statutory combined ratio 89.9  % 98.9  % 99.7  % 82.8  % 86.3  % 99.1  % 152.3  % 99.1  % 123.5  % 96.0  % 110.2  % 102.8  %

Contribution from catastrophe losses 19.2  22.2  16.8  1.3  7.1  23.8  58.7  19.5  40.0  19.4  28.3  21.0

Statutory combined ratio excl. catastrophe losses 70.7  % 76.7  % 82.9  % 81.5  % 79.2  % 75.3  % 93.6  % 79.6  % 83.5  % 76.6  % 81.9  % 81.8  %

GAAP combined ratio

GAAP combined ratio 90.3  % 99.9  % 96.8  % 81.5  % 88.2  % 102.0  % 151.3  % 98.4  % 124.9  % 95.6  % 111.8  % 103.6  %

Contribution from catastrophe losses 19.2  22.2  16.8  1.3  7.1  23.8  58.7  19.5  40.0  19.4  28.3  21.0

GAAP combined ratio excl. catastrophe losses 71.1  % 77.7  % 80.0  % 80.2  % 81.1  % 78.2  % 92.6  % 78.9  % 84.9  % 76.2  % 83.5  % 82.6  %

*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts. The sum of quarterly amounts may not equal the full year as each is computed

independently.

*nm - Not meaningful

*Statutory data prepared in accordance with statutory accounting rules as defined by the National Association of Insurance Commissioners and filed with the appropriate regulatory bodies.

CINF Third-Quarter 2026 Supplemental Financial Data

15

Quarterly Property Casualty Data - Excess & Surplus Lines

(Dollars in millions) Three months ended Six months ended Nine months ended Twelve months ended

12/31/26 9/30/26 6/30/26 3/31/26 12/31/25 9/30/25 6/30/25 3/31/25 6/30/26 6/30/25 9/30/26 9/30/25 12/31/26 12/31/25

Premiums

Agency renewal written premiums $ 134  $ 165  $ 135  $ 136  $ 130  $ 153  $ 126  $ 300  $ 279  $ 434  $ 409  $ 545

Agency new business written premiums 57  67  58  59  55  63  53  125  116  182  171  230

Other written premiums (7) (13) (11) (11) (10) (14) (11) (24) (25) (31) (35) (46)

Net written premiums $ 184  $ 219  $ 182  $ 184  $ 175  $ 202  $ 168  $ 401  $ 370  $ 585  $ 545  $ 729

Unearned premium change 3  (30) (2) 4  (1) (28) (6) (32) (34) (29) (35) (31)

Earned premiums $ 187  $ 189  $ 180  $ 188  $ 174  $ 174  $ 162  $ 369  $ 336  $ 556  $ 510  $ 698

Year over year change %

Agency renewal written premiums 3  % 8  % 7  % 2  % 15  % 10  % 12  % 8  % 11  % 6  % 12  % 9  %

Agency new business written premiums 4  6  9  20  2  24  26  8  25  6  16  17

Other written premiums 30  7  —  —  —  (40) (22) 4  (32) 11  (21) (15)

Net written premiums 5  8  8  8  11  12  15  8  13  7  13  11

Paid losses and loss expenses

Losses paid $ 45  $ 46  $ 36  $ 43  $ 42  $ 38  $ 40  $ 83  $ 78  $ 128  $ 121  $ 163

Loss expenses paid 22  18  20  19  19  17  18  38  35  59  53  72

Loss and loss expenses paid $ 67  $ 64  $ 56  $ 62  $ 61  $ 55  $ 58  $ 121  $ 113  $ 187  $ 174  $ 235

Incurred losses and loss expenses

Loss and loss expense incurred $ 114  $ 118  $ 110  $ 108  $ 108  $ 110  $ 99  $ 228  $ 209  $ 342  $ 317  $ 425

Loss and loss expenses paid as a % of incurred 58.8  % 54.2  % 50.9  % 57.4  % 56.5  % 50.0  % 58.6  % 53.1  % 54.1  % 54.7  % 54.9  % 55.3  %

Statutory combined ratio

Loss ratio 41.6  % 44.7  % 43.6  % 39.1  % 42.8  % 43.8  % 43.1  % 44.1  % 43.4  % 43.3  % 43.2  % 42.1  %

Loss adjustment expense ratio 19.9  17.7  17.6  18.4  19.2  19.7  17.8  17.7  18.8  18.5  19.0  18.8

Net underwriting expense ratio 22.2  26.3  28.6  27.3  26.6  25.3  25.5  27.4  25.4  25.7  25.8  26.2

Statutory combined ratio 83.7  % 88.7  % 89.8  % 84.8  % 88.6  % 88.8  % 86.4  % 89.2  % 87.6  % 87.5  % 88.0  % 87.1  %

Contribution from catastrophe losses 1.0  0.8  0.7  (0.6) 0.1  1.3  0.3  0.7  0.9  0.8  0.6  0.3

Statutory combined ratio excl. catastrophe losses 82.7  % 87.9  % 89.1  % 85.4  % 88.5  % 87.5  % 86.1  % 88.5  % 86.7  % 86.7  % 87.4  % 86.8  %

GAAP combined ratio

GAAP combined ratio 89.4  % 90.5  % 89.3  % 84.7  % 89.8  % 91.1  % 88.3  % 89.9  % 89.8  % 89.7  % 89.8  % 88.4  %

Contribution from catastrophe losses 1.0  0.8  0.7  (0.6) 0.1  1.3  0.3  0.7  0.9  0.8  0.6  0.3

GAAP combined ratio excl. catastrophe losses 88.4  % 89.7  % 88.6  % 85.3  % 89.7  % 89.8  % 88.0  % 89.2  % 88.9  % 88.9  % 89.2  % 88.1  %

*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts. The sum of quarterly amounts may not equal the full year as each is computed

independently.

*nm - Not meaningful

*Statutory data prepared in accordance with statutory accounting rules as defined by the National Association of Insurance Commissioners and filed with the appropriate regulatory bodies.

CINF Third-Quarter 2026 Supplemental Financial Data

16

Consolidated Cincinnati Insurance Companies

Statutory Statements of Income

For the Three Months Ended September 30, For the Nine Months Ended September 30,

(Dollars in millions) 2026 2025 Change % Change 2026 2025 Change % Change

Underwriting income

Net premiums written $ 2,457  $ 2,411  $ 46  2  $ 7,754  $ 7,466  $ 288  4

Unearned premium change (42) 29  (71) nm 336  552  (216) (39)

Earned premiums $ 2,499  $ 2,382  $ 117  5  $ 7,418  $ 6,914  $ 504  7

Losses incurred $ 1,288  $ 1,179  $ 109  9  $ 4,164  $ 4,062  $ 102  3

Defense and cost containment expenses incurred 156  126  30  24  415  391  24  6

Adjusting and other expenses incurred 115  133  (18) (14) 378  396  (18) (5)

Other underwriting expenses incurred 706  684  22  3  2,201  2,060  141  7

Workers compensation dividend incurred 2  —  2  nm 3  3  —  —

Total underwriting deductions $ 2,267  $ 2,122  $ 145  7  $ 7,161  $ 6,912  $ 249  4

Net underwriting profit $ 232  $ 260  $ (28) (11) $ 257  $ 2  $ 255  nm

Investment income

Gross investment income earned $ 223  $ 208  $ 15  7  $ 652  $ 587  $ 65  11

Net investment income earned 220  204  16  8  642  577  65  11

Net realized capital gains and losses, net 17  32  (15) (47) 453  26  427  nm

Net investment gains (net of tax) $ 237  $ 236  $ 1  —  $ 1,095  $ 603  $ 492  82

Other income $ 1  $ 2  $ (1) (50) $ 4  $ 5  $ (1) (20)

Net income before federal income taxes $ 470  $ 498  $ (28) (6) $ 1,356  $ 610  $ 746  122

Federal and foreign income taxes incurred 81  75  6  8  137  61  76  125

Net income (statutory) $ 389  $ 423  $ (34) (8) $ 1,219  $ 549  $ 670  122

Policyholders' surplus - statutory $ 10,633  $ 9,513  $ 1,120  12  $ 10,633  $ 9,513  $ 1,120  12

Fixed maturities at amortized cost - statutory $ 15,668  $ 13,311  $ 2,357  18  $ 15,668  $ 13,311  $ 2,357  18

*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.

*nm - Not meaningful

*Statutory data prepared in accordance with statutory accounting rules as defined by the National Association of Insurance Commissioners and filed with the appropriate regulatory bodies.

CINF Third-Quarter 2026 Supplemental Financial Data

17

The Cincinnati Life Insurance Company

Statutory Statements of Income

For the Three Months Ended September 30, For the Nine Months Ended September 30,

(Dollars in millions) 2026 2025 Change % Change 2026 2025 Change % Change

Net premiums written $ 91  $ 91  $ —  —  $ 274  $ 263  $ 11  4

Net investment income 53  50  3  6  162  150  12  8

Commissions and expense allowances on reinsurance ceded 1  1  —  —  3  3  —  —

Income from fees associated with separate accounts 2  2  —  —  5  5  —  —

Total revenues $ 147  $ 144  $ 3  2  $ 444  $ 421  $ 23  5

Death benefits and matured endowments $ 52  $ 36  $ 16  44  $ 148  $ 132  $ 16  12

Annuity benefits 16  22  (6) (27) 54  65  (11) (17)

Disability benefits and benefits under accident and health contracts 1  1  —  —  2  2  —  —

Surrender benefits and group conversions 9  8  1  13  33  28  5  18

Interest and adjustments on deposit-type contract funds 2  1  1  100  2  5  (3) (60)

Increase in aggregate reserves for life and accident and health contracts 10  2  8  400  13  (5) 18  nm

Total benefit expenses $ 90  $ 70  $ 20  29  $ 252  $ 227  $ 25  11

Commissions $ 13  $ 13  $ —  —  $ 39  $ 37  $ 2  5

General insurance expenses and taxes 16  14  2  14  47  45  2  4

Increase in loading on deferred and uncollected premiums (1) 2  (3) nm (2) 4  (6) nm

Net transfers from separate accounts (8) (1) (7) 700  (15) (9) (6) (67)

Total underwriting expenses $ 20  $ 28  $ (8) (29) $ 69  $ 77  $ (8) (10)

Federal and foreign income taxes incurred 9  11  (2) (18) 28  28  —  —

Net gain from operations before capital gains and losses $ 28  $ 35  $ (7) (20) $ 95  $ 89  $ 6  7

Gains and losses net of capital gains tax, net 4  2  2  100  2  (4) 6  nm

Net income (statutory) $ 32  $ 37  $ (5) (14) $ 97  $ 85  $ 12  14

Policyholders' surplus - statutory $ 686  $ 588  $ 98  17  $ 686  $ 588  $ 98  17

Fixed maturities at amortized cost - statutory $ 3,911  $ 3,921  $ (10) —  $ 3,911  $ 3,921  $ (10) —

*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.

*nm - Not meaningful

*Statutory data prepared in accordance with statutory accounting rules as defined by the National Association of Insurance Commissioners and filed with the appropriate regulatory bodies.

CINF Third-Quarter 2026 Supplemental Financial Data

18

Quarterly Data - Other

(Dollars in millions) Three months ended Six months ended Nine months ended Twelve months ended

12/31/26 9/30/26 6/30/26 3/31/26 12/31/25 9/30/25 6/30/25 3/31/25 6/30/26 6/30/25 9/30/26 9/30/25 12/31/26 12/31/25

Cincinnati Re:

Net written premiums $ 117  $ 191  $ 254  $ 86  $ 87  $ 164  $ 255  $ 445  $ 418  $ 562  $ 505  $ 591

Year over year change %- written premium 34  % 16  % —  % (13) % (2) % (21) % 26  % 6  % 2  % 11  % 1  % (1) %

Earned premiums $ 154  $ 153  $ 152  $ 138  $ 141  $ 142  $ 161  $ 305  $ 303  $ 459  $ 444  $ 582

Current accident year before catastrophe losses 54.3  % 47.8  % 46.7  % 52.7  % 52.9  % 56.2  % 46.6  % 47.3  % 51.1  % 49.6  % 51.7  % 51.9  %

Current accident year catastrophe losses 5.5  6.1  8.1  (0.8) 3.6  (0.6) 66.3  7.1  34.9  6.6  25.0  18.9

Prior accident years before catastrophe losses (0.3) 3.6  3.2  (5.3) (0.9) 5.7  (4.5) 3.4  0.3  2.2  (0.1) (1.3)

Prior accident years catastrophe losses 5.0  1.3  (6.5) 0.4  (2.1) (1.2) (2.4) (2.6) (1.8) (0.1) (1.9) (1.4)

Total loss and loss expense ratio 64.5  % 58.8  % 51.5  % 47.0  % 53.5  % 60.1  % 106.0  % 55.2  % 84.5  % 58.3  % 74.7  % 68.1  %

Cincinnati Global:

Net written premiums $ 93  $ 98  $ 98  $ 79  $ 82  $ 97  $ 75  $ 196  $ 173  $ 289  $ 255  $ 334

Year over year change %- written premium 13  % 1  % 31  % 3  % 6  % 45  % (9) % 13  % 16  % 13  % 13  % 10  %

Earned premiums $ 106  $ 75  $ 73  $ 80  $ 102  $ 65  $ 64  $ 148  $ 129  $ 254  $ 231  $ 311

Current accident year before catastrophe losses 39.0  % 69.1  % 42.5  % 35.6  % 35.1  % 41.8  % 39.3  % 56.1  % 40.6  % 48.9  % 38.2  % 37.5  %

Current accident year catastrophe losses 4.3  20.6  2.4  14.3  0.5  3.7  31.4  11.6  17.4  8.6  9.9  11.0

Prior accident years before catastrophe losses (8.5) (13.0) (12.0) (1.7) (10.1) (22.4) (0.2) (12.5) (11.4) (10.8) (10.8) (8.5)

Prior accident years catastrophe losses (1.6) (6.8) 0.4  (4.0) (0.1) 17.3  (13.9) (3.3) 1.8  (2.6) 0.9  (0.3)

Total loss and loss expense ratio 33.2  % 69.9  % 33.3  % 44.2  % 25.4  % 40.4  % 56.6  % 51.9  % 48.4  % 44.1  % 38.2  % 39.7  %

Noninsurance operations:

Interest and fees on loans and leases $ 3  $ 3  $ 3  $ 3  $ 3  $ 2  $ 3  $ 6  $ 5  $ 9  $ 8  $ 11

Other revenue 3  4  3  3  3  3  1  7  4  10  7  10

Interest expense 12  14  13  13  13  14  13  27  27  39  40  53

Operating expenses 8  11  9  7  6  10  11  20  21  28  27  34

Total noninsurance operations loss $ (14) $ (18) $ (16) $ (14) $ (13) $ (19) $ (20) $ (34) $ (39) $ (48) $ (52) $ (66)

*Dollar amounts shown are in conformity with GAAP and rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts. The sum of quarterly amounts may not equal the full year as each is computed independently.

*Noninsurance operations include the noninvestment operations of the parent company and a noninsurance subsidiary, CFC Investment Company.

CINF Third-Quarter 2026 Supplemental Financial Data

19

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