Cincinnati Financial Corporation Expands Board With Appointment of Independent Director

CINCINNATI, June 19, 2026 /PRNewswire/ -- Cincinnati Financial Corporation (Nasdaq: CINF) – Cincinnati Financial Corporation's board of directors added a 15 th seat, appointing Lisa M. Franchetti to the board and as a member of its audit committee, effective immediately.

Admiral Franchetti retired from the U.S. Navy in 2025, after a nearly 40-year career marked by leadership at every operational level, culminating in her service as the 33 rd Chief of Naval Operations from November 2023 to February 2025. As Chief of Naval Operations, Franchetti led a force of more than 600,000 personnel, advanced the Navy's strategic modernization and warfighting readiness initiatives, and focused on fleet growth, emerging technologies and workforce development. She is the first woman to hold the role and to serve on the Joint Chiefs of Staff.

Prior to becoming the Navy's top officer, she served as Vice Chief of Naval Operations and as Director for Strategy, Plans and Policy on the Joint Staff. Her career also includes command of the destroyer USS Ross, Destroyer Squadron 21, two carrier strike groups, U.S. Naval Forces Korea and the U.S. Sixth Fleet, where she oversaw complex joint operations.

Following her Navy career, she founded Franchetti Strategic Solutions LLC, a strategic consulting firm specializing in national security advising, global strategic planning and operational transformation strategies. Passionate about developing the next generation of leaders, she served as 2026 Fellow at the University of Chicago and will be a Distinguished Practitioner at Northwestern University in 2027.

Franchetti holds a bachelor's degree from Northwestern University, a master's degree from the University of Phoenix and is a Distinguished Graduate of the Naval War College.

Stephen M. Spray, president and chief executive officer, commented: "Lisa's extensive experience in strategic planning and leadership at the highest federal levels make her an ideal candidate for our board. I know she'll immediately bring a valuable perspective to board discussions as our directors work together to enhance the value we create for shareholders now and into the future."

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

Safe Harbor

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

Financial, Economic, and Investment Risks

General Business, Technology, and Operational Risks

Regulatory, Compliance, and Legal Risks

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.

SOURCE Cincinnati Financial Corporation