Form 8-K

8-K — CINCINNATI FINANCIAL CORP

Accession: 0000020286-26-000043

Filed: 2026-07-27

Period: 2026-07-27

CIK: 0000020286

SIC: 6331 (FIRE, MARINE & CASUALTY INSURANCE)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — cinf-20260727.htm (Primary)

EX-99.1 (exhibit9912q26.htm)

EX-99.2 (exhibit9922q26.htm)

GRAPHIC (cfc_logox2945xcolor.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: cinf-20260727.htm · Sequence: 1

cinf-20260727

0000020286false00000202862026-07-272026-07-27

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: July 27, 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 July 27, 2026, Cincinnati Financial Corporation issued the attached news release titled “Cincinnati Financial Reports Second-Quarter 2026 Results,” furnished as Exhibit 99.1 hereto and incorporated herein by reference. On July 27, 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.

Exhibit 99.1 — News release dated July 27, 2026, titled "Cincinnati Financial Reports Second-Quarter 2026 Results"

Exhibit 99.2 — Supplemental Financial Data for the period ending June 30, 2026 distributed July 27, 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: July 27, 2026 /S/ Michael J. Sewell

Michael J. Sewell, CPA

Chief Financial Officer, Executive Vice President and Treasurer

(Principal Accounting Officer)

EX-99.1

Filename: exhibit9912q26.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 Second-Quarter 2026 Results

Cincinnati, July 27, 2026 – Cincinnati Financial Corporation (Nasdaq: CINF) today reported:

•Second-quarter 2026 net income of $1.255 billion, or $8.05 per share, compared with $685 million, or $4.34 per share, in the second quarter of 2025, after recognizing an $882 million second-quarter 2026 after-tax increase in the fair value of equity securities still held.

•Second-quarter 2026 non-GAAP operating income* of $224 million, or $1.43 per share, compared with $311 million, or $1.97 per share, in the second quarter of last year. The decrease of $87 million included an unfavorable effect of $61 million from an increase in after-tax catastrophe losses.

•$570 million increase in second-quarter 2026 net income, compared with second-quarter 2025, including the effects of after-tax net increases of $657 million from net investment gains and $28 million from investment income, partially offset by a decrease of $115 million from property casualty underwriting profit.

•$108.64 book value per share at June 30, 2026, up $6.29 since year-end.

•8.0% value creation ratio for the first six months of 2026, compared with 4.6% for the same period of 2025.

Financial Highlights

(Dollars in millions, except per share data) Three months ended June 30, Six months ended June 30,

2026 2025 % Change 2026 2025 % Change

Revenue Data

Earned premiums $ 2,635 $ 2,480 6 $ 5,239 $ 4,824 9

Investment income, net of expenses 319 285 12 637 565 13

Total revenues 4,274 3,248 32 7,137 5,814 23

Income Statement Data

Net income $ 1,255 $ 685 83 $ 1,529 $ 595 157

Investment gains and losses, after-tax 1,031 374 176 975 321 204

Non-GAAP operating income* $ 224 $ 311 (28) $ 554 $ 274 102

Per Share Data (diluted)

Net income $ 8.05 $ 4.34 85 $ 9.78 $ 3.77 159

Investment gains and losses, after-tax 6.62 2.37 179 6.24 2.03 207

Non-GAAP operating income* $ 1.43 $ 1.97 (27) $ 3.54 $ 1.74 103

Book value $ 108.64 $ 91.46 19

Cash dividend declared $ 0.94 $ 0.87 8 $ 1.88 $ 1.74 8

Diluted weighted average shares outstanding 155.7 157.8 (1) 156.3 157.8 (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 2Q26 Release 1

Insurance Operations Highlights

•100.8% second-quarter 2026 property casualty combined ratio, increased from 94.9% for the second quarter of 2025.

•3% growth in second-quarter net written premiums, including price increases, premium growth initiatives and a higher level of insured exposures.

•$353 million second-quarter 2026 property casualty new business written premiums, down 13%. Agencies appointed since the beginning of 2025 contributed $31 million or 9% of total new business written premiums.

•$30 million second-quarter 2026 life insurance subsidiary net income, up $4 million compared with the second quarter of 2025, and 5% growth in second-quarter 2026 term life insurance earned premiums.

Investment and Balance Sheet Highlights

•12% or $34 million increase in second-quarter 2026 pretax investment income, including a 14% increase in bond interest income and a 3% increase in stock portfolio dividends.

•Three-month increase of 4% in fair value of total investments at June 30, 2026, including a 2% increase for the bond portfolio and a 5% increase for the stock portfolio.

•$5.689 billion parent company cash and marketable securities at June 30, 2026, up 2% from year-end 2025.

Investment Income Leads Second-Quarter Profits

Stephen M. Spray, president and chief executive officer, commented: “Investment income increased nicely, producing our main source of profits in the second quarter and bringing our total non-GAAP operating income to $554 million for the first half of the year.

“Turning to our insurance business, elevated catastrophe losses played a large part in an uptick in our combined ratio, coming in just shy of breakeven at 100.8% for the quarter. While not the result of any single storm, our field and headquarters claims associates have been busy, bringing compassion and expertise to our agents and policyholders across the country and close to home. Ohio was particularly impacted by bad weather this Spring with catastrophe losses reaching nearly four times higher than our 5-year second-quarter average for the state.

“On a six-month basis, we recorded a profitable 98.2% combined ratio. We are optimistic that further maturing of our plans to increase both product and geographic diversification will continue to help mute the impacts of catastrophe losses in any one quarter.”

Focused on Outstanding Service and Pricing Discipline

“Consolidated net written premiums for the quarter and the first half of the year increased 3% and 5%, respectively. When market competition increases, our hallmark of personal service combines with data-driven analytics to support the ability of our agents to successfully retain their best clients.

“The power of segmentation in this market isn’t simply about knowing when to walk away from an account that is underpriced in our view. It’s also important that we work with our agents to offer advanced renewal quotes on accounts we believe are adequately priced.

“To help keep our pipeline of opportunities full, we continue to appoint new agencies in geographies where we see the best prospects for profitable growth. So far this year, we’ve appointed more than 200 agencies. With total agency relationships still under 3,000, we have a lot of runway to fuel growth without dampening the exclusivity of a Cincinnati contract that our current agents enjoy.”

Book Value Reaches New Record

“At June 30, our book value again reached a record high, increasing 6% since December 31, 2025, to $108.64. Consolidated cash and total investments also reached a new high, nearly eclipsing $35 billion.

“Our ample capital allows us to execute on our long-term strategies and, at the same time, pay dividends to shareholders. Our value creation ratio, which considers the dividends we pay as well as growth in book value, was 8.0% for the first half of 2026.”

CINF 2Q26 Release 2

Insurance Operations Highlights

Consolidated Property Casualty Insurance Results

(Dollars in millions) Three months ended June 30, Six months ended June 30,

2026 2025 % Change 2026 2025 % Change

Earned premiums $ 2,548 $ 2,397 6 $ 5,067 $ 4,661 9

Fee revenues 3 3 0 7 7 0

Total revenues 2,551 2,400 6 5,074 4,668 9

Loss and loss expenses 1,808 1,587 14 3,475 3,474 0

Underwriting expenses 761 685 11 1,502 1,364 10

Underwriting profit (loss) $ (18) $ 128 nm $ 97 $ (170) nm

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

Loss and loss expenses 71.0 % 66.3 % 4.7 68.6 % 74.5 % (5.9)

Underwriting expenses 29.8 28.6 1.2 29.6 29.3 0.3

Combined ratio 100.8 % 94.9 % 5.9 98.2 % 103.8 % (5.6)

% Change % Change

Agency renewal written premiums $ 2,254 $ 2,135 6 $ 4,299 $ 4,047 6

Agency new business written premiums 353 404 (13) 692 787 (12)

Other written premiums 218 194 12 502 394 27

Net written premiums $ 2,825 $ 2,733 3 $ 5,493 $ 5,228 5

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

Current accident year before catastrophe losses 58.3 % 56.5 % 1.8 58.2 % 58.4 % (0.2)

Current accident year catastrophe losses 14.4 12.4 2.0 12.8 19.4 (6.6)

Prior accident years before catastrophe losses (1.8) (2.4) 0.6 (2.2) (2.3) 0.1

Prior accident years catastrophe losses 0.1 (0.2) 0.3 (0.2) (1.0) 0.8

Loss and loss expense ratio 71.0 % 66.3 % 4.7 68.6 % 74.5 % (5.9)

Current accident year combined ratio before

catastrophe losses 88.1 % 85.1 % 3.0 87.8 % 87.7 % 0.1

•$92 million or 3 percent growth of second-quarter 2026 property casualty net written premiums, reflecting premium growth initiatives, price increases and a higher level of insured exposures. The contribution to second-quarter growth from Cincinnati Re® and Cincinnati Global Underwriting Ltd.SM in total was approximately 1 percentage point.

•$51 million decrease in second-quarter 2026 new business premiums written by agencies, due to our personal lines insurance segment. The $51 million decrease included a $18 million increase in production from agencies appointed since the beginning of 2025.

•220 new agency appointments in the first six months of 2026, including 36 that market only our personal lines products.

•5.9 percentage-point second-quarter 2026 combined ratio increase, including an increase of 2.3 points for losses from catastrophes.

•5.6 percentage-point six-month 2026 combined ratio improvement, including a decrease of 5.8 points from lower catastrophe losses.

•1.7 percentage-point second-quarter 2026 benefit from favorable prior accident year reserve development of $42 million, compared with 2.6 points or $63 million for second-quarter 2025.

•2.4 percentage-point six-month 2026 benefit from favorable prior accident year reserve development, compared with 3.3 points for the first six months of 2025.

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

•0.3 percentage-point increase in the underwriting expense ratio for the first six months of 2026, compared with the same period of 2025.

CINF 2Q26 Release 3

Commercial Lines Insurance Results

(Dollars in millions) Three months ended June 30, Six months ended June 30,

2026 2025 % Change 2026 2025 % Change

Earned premiums $ 1,251 $ 1,212 3 $ 2,492 $ 2,391 4

Fee revenues 1 — nm 2 2 0

Total revenues 1,252 1,212 3 2,494 2,393 4

Loss and loss expenses 910 767 19 1,757 1,502 17

Underwriting expenses 391 358 9 768 707 9

Underwriting profit (loss) $ (49) $ 87 nm $ (31) $ 184 nm

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

Loss and loss expenses 72.8 % 63.3 % 9.5 70.5 % 62.8 % 7.7

Underwriting expenses 31.3 29.6 1.7 30.8 29.6 1.2

Combined ratio 104.1 % 92.9 % 11.2 101.3 % 92.4 % 8.9

% Change % Change

Agency renewal written premiums $ 1,146 $ 1,116 3 $ 2,330 $ 2,268 3

Agency new business written premiums 208 200 4 413 403 2

Other written premiums (27) (26) (4) (57) (56) (2)

Net written premiums $ 1,327 $ 1,290 3 $ 2,686 $ 2,615 3

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

Current accident year before catastrophe losses 62.2 % 59.6 % 2.6 62.5 % 60.3 % 2.2

Current accident year catastrophe losses 12.0 7.2 4.8 10.8 6.1 4.7

Prior accident years before catastrophe losses (1.3) (3.3) 2.0 (2.7) (2.9) 0.2

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

Loss and loss expense ratio 72.8 % 63.3 % 9.5 70.5 % 62.8 % 7.7

Current accident year combined ratio before

catastrophe losses 93.5 % 89.2 % 4.3 93.3 % 89.9 % 3.4

•$37 million or 3% growth in second-quarter 2026 commercial lines net written premiums, primarily due to higher agency renewal premiums. Three percent growth in six-month net written premiums.

•$30 million or 3% increase in second-quarter renewal written premiums, with commercial lines average renewal pricing increases near the high end of the low-single-digit percent range.

•$8 million or 4% increase in second-quarter 2026 new business premiums written by agencies, as we continue to carefully underwrite each policy in a highly competitive market.

•11.2 percentage-point second-quarter 2026 combined ratio increase, including an increase of 4.9 points for losses from catastrophes.

•8.9 percentage-point six-month 2026 combined ratio increase, including an increase of 5.3 points from higher catastrophe losses.

•1.4 percentage-point second-quarter 2026 benefit from favorable prior accident year reserve development of $17 million, compared with 3.5 points or $42 million for second-quarter 2025.

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

CINF 2Q26 Release 4

Personal Lines Insurance Results

(Dollars in millions) Three months ended June 30, Six months ended June 30,

2026 2025 % Change 2026 2025 % Change

Earned premiums $ 880 $ 804 9 $ 1,753 $ 1,502 17

Fee revenues 1 2 (50) 3 3 0

Total revenues 881 806 9 1,756 1,505 17

Loss and loss expenses 638 598 7 1,245 1,444 (14)

Underwriting expenses 242 222 9 480 432 11

Underwriting profit (loss) $ 1 $ (14) nm $ 31 $ (371) nm

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

Loss and loss expenses 72.4 % 74.4 % (2.0) 71.0 % 96.1 % (25.1)

Underwriting expenses 27.5 27.6 (0.1) 27.4 28.8 (1.4)

Combined ratio 99.9 % 102.0 % (2.1) 98.4 % 124.9 % (26.5)

% Change % Change

Agency renewal written premiums $ 943 $ 866 9 $ 1,669 $ 1,500 11

Agency new business written premiums 78 141 (45) 154 268 (43)

Other written premiums (31) (27) (15) (58) (116) 50

Net written premiums $ 990 $ 980 1 $ 1,765 $ 1,652 7

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

Current accident year before catastrophe losses 52.3 % 51.3 % 1.0 52.8 % 56.9 % (4.1)

Current accident year catastrophe losses 21.4 25.4 (4.0) 19.2 41.7 (22.5)

Prior accident years before catastrophe losses (2.1) (0.7) (1.4) (1.3) (0.8) (0.5)

Prior accident years catastrophe losses 0.8 (1.6) 2.4 0.3 (1.7) 2.0

Loss and loss expense ratio 72.4 % 74.4 % (2.0) 71.0 % 96.1 % (25.1)

Current accident year combined ratio before

catastrophe losses 79.8 % 78.9 % 0.9 80.2 % 85.7 % (5.5)

•$10 million or 1% growth in second-quarter 2026 personal lines net written premiums, including higher agency renewal written premiums that benefited from rate increases in the high-single-digit percent range, partially offset by lower new business premiums and policy retention in the upper-80% range that reflect pricing discipline. Seven percent growth in six-month net written premiums.

•$63 million or 45% decrease in second-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 second-quarter 2026 combined ratio improvement, including a decrease of 1.6 points for losses from catastrophes.

•26.5 percentage-point six-month 2026 combined ratio improvement, including a decrease of 20.5 points from lower catastrophe losses.

•1.3 percentage-point second-quarter 2026 favorable prior accident year reserve development of $11 million, compared with 2.3 points or $19 million for second-quarter 2025.

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

CINF 2Q26 Release 5

Excess and Surplus Lines Insurance Results

(Dollars in millions) Three months ended June 30, Six months ended June 30,

2026 2025 % Change 2026 2025 % Change

Earned premiums $ 189 $ 174 9 $ 369 $ 336 10

Fee revenues 1 1 0 2 2 0

Total revenues 190 175 9 371 338 10

Loss and loss expenses 118 110 7 228 209 9

Underwriting expenses 53 49 8 103 93 11

Underwriting profit $ 19 $ 16 19 $ 40 $ 36 11

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

Loss and loss expenses 62.5 % 63.5 % (1.0) 61.8 % 62.3 % (0.5)

Underwriting expenses 28.0 27.6 0.4 28.1 27.5 0.6

Combined ratio 90.5 % 91.1 % (0.6) 89.9 % 89.8 % 0.1

% Change % Change

Agency renewal written premiums $ 165 $ 153 8 $ 300 $ 279 8

Agency new business written premiums 67 63 6 125 116 8

Other written premiums (13) (14) 7 (24) (25) 4

Net written premiums $ 219 $ 202 8 $ 401 $ 370 8

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

Current accident year before catastrophe losses 64.6 % 64.9 % (0.3) 64.6 % 65.2 % (0.6)

Current accident year catastrophe losses 0.9 1.6 (0.7) 1.0 1.2 (0.2)

Prior accident years before catastrophe losses (2.9) (2.7) (0.2) (3.5) (3.8) 0.3

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

Loss and loss expense ratio 62.5 % 63.5 % (1.0) 61.8 % 62.3 % (0.5)

Current accident year combined ratio before

catastrophe losses 92.6 % 92.5 % 0.1 92.7 % 92.7 % 0.0

•$17 million or 8% growth in second-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. Eight percent growth in six-month net written premiums.

•$4 million or 6% increase in second-quarter 2026 new business premiums written by agencies, as we continue to carefully underwrite each policy in a highly competitive market.

•0.6 percentage-point second-quarter 2026 combined ratio improvement and an increase of 0.1 points in the six-month 2026 combined ratio, largely due to lower ratios for current accident year loss and loss expenses including catastrophe losses, partially offset by higher ratios for underwriting expenses.

•3.0 percentage-point second-quarter 2026 benefit from favorable prior accident year reserve development of $6 million, compared with 3.0 points or $5 million for second-quarter 2025.

•3.8 percentage-point six-month 2026 benefit from favorable prior accident year reserve development, compared with 4.1 points for the first six months of 2025.

CINF 2Q26 Release 6

Life Insurance Subsidiary Results

(Dollars in millions) Three months ended June 30, Six months ended June 30,

2026 2025 % Change 2026 2025 % Change

Term life insurance $ 64 $ 61 5 $ 125 $ 118 6

Whole life insurance 13 13 0 27 26 4

Universal life and other 10 9 11 20 19 5

Earned premiums 87 83 5 172 163 6

Investment income, net of expenses 54 49 10 108 99 9

Investment gains and losses, net (1) (4) 75 (1) (5) 80

Fee revenues 2 2 0 3 3 0

Total revenues 142 130 9 282 260 8

Contract holders’ benefits incurred 79 73 8 163 154 6

Underwriting expenses incurred 25 24 4 48 47 2

Total benefits and expenses 104 97 7 211 201 5

Net income before income tax 38 33 15 71 59 20

Income tax provision 8 7 14 15 12 25

Net income of the life insurance subsidiary $ 30 $ 26 15 $ 56 $ 47 19

•$4 million increase in second-quarter 2026 earned premiums, including a 5% increase for term life insurance, our largest life insurance product line.

•$9 million increase in six-month 2026 life insurance subsidiary net income, primarily due to more favorable mortality experience, increased investment income and increased earned premiums, partially offset by less favorable impacts from the unlocking of interest rate and other actuarial assumptions.

•$23 million or 2% six-month 2026 increase, to $1.490 billion, in GAAP shareholders’ equity for the life insurance subsidiary, primarily from net income that was partially offset by an increase in unrealized investment losses on fixed-maturity securities.

CINF 2Q26 Release 7

Investment and Balance Sheet Highlights

Investments Results

(Dollars in millions) Three months ended June 30, Six months ended June 30,

2026 2025 % Change 2026 2025 % Change

Investment income, net of expenses $ 319 $ 285 12 $ 637 $ 565 13

Investment interest credited to contract holders (33) (31) (6) (65) (63) (3)

Investment gains and losses, net 1,308 473 177 1,238 406 205

Investments profit $ 1,594 $ 727 119 $ 1,810 $ 908 99

Investment income:

Interest $ 244 $ 214 14 $ 479 $ 424 13

Dividends 72 70 3 148 137 8

Other 8 5 60 20 12 67

Less investment expenses 5 4 25 10 8 25

Investment income, pretax 319 285 12 637 565 13

Less income taxes 55 49 12 110 97 13

Total investment income, after-tax $ 264 $ 236 12 $ 527 $ 468 13

Investment returns:

Average invested assets plus cash and cash

equivalents $ 34,421 $ 30,500 $ 34,313 $ 30,468

Average yield pretax 3.71 % 3.74 % 3.71 % 3.71 %

Average yield after-tax 3.07 3.10 3.07 3.07

Effective tax rate 17.4 17.2 17.3 17.2

Fixed-maturity returns:

Average amortized cost $ 19,209 $ 17,372 $ 18,938 $ 17,334

Average yield pretax 5.08 % 4.93 % 5.06 % 4.89 %

Average yield after-tax 4.14 4.02 4.12 4.00

Effective tax rate 18.5 18.4 18.5 18.3

•$34 million or 12% rise in second-quarter 2026 pretax investment income, including a 14% increase in interest income from fixed-maturity securities and a 3% increase in equity portfolio dividends.

•$1.382 billion in second-quarter 2026 pretax total investment gains, 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 June 30, Six months ended June 30,

2026 2025 2026 2025

Investment gains and losses on equity securities sold, net $ 183 $ (1) $ 223 $ (3)

Unrealized gains and losses on equity securities still held, net 1,117 481 1,006 411

Investment gains and losses on fixed-maturity securities, net 5 (12) 5 (14)

Other 3 5 4 12

Subtotal - investment gains and losses reported in net income 1,308 473 1,238 406

Change in unrealized investment gains and losses - fixed maturities and short-term 74 28 (146) 95

Total $ 1,382 $ 501 $ 1,092 $ 501

CINF 2Q26 Release 8

Balance Sheet Highlights

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

2026 2025

Total investments $ 33,153 $ 31,783

Total assets 43,231 41,002

Short-term debt 17 25

Long-term debt 791 790

Shareholders’ equity 16,671 15,911

Book value per share 108.64 102.35

Debt-to-total-capital ratio 4.6 % 4.9 %

•$34.903 billion in consolidated cash and total investments at June 30, 2026, an increase of 5% from $33.214 billion at year-end 2025.

•$18.954 billion bond portfolio at June 30, 2026, with an average rating of A2/A. Fair value increased $409 million during the second quarter of 2026, including $316 million in net purchases of fixed-maturity securities.

•$13.194 billion equity portfolio was 39.8% of total investments, including $8.907 billion in appreciated value before taxes at June 30, 2026. Second-quarter 2026 increase in fair value of $625 million, including $678 million in net sales of equity securities.

•$7.04 second-quarter 2026 increase in book value per share, including an addition of $1.46 of net income before investment gains, $7.09 from investment portfolio net investment gains or changes in unrealized gains for fixed-maturity securities, partially offset by $0.57 for other items and $0.94 from dividends declared to shareholders.

•Value creation ratio of 8.0% for the first six months of 2026, including 3.5% from net income before investment gains, which includes underwriting and investment income, and 6.2% from investment gains for equity securities, partially offset by 0.7% from changes in unrealized gains for fixed-maturity securities and 1.0% 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 2Q26 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 2Q26 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 2Q26 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 2Q26 Release 12

Cincinnati Financial Corporation

Condensed Consolidated Balance Sheets and Statements of Income (unaudited)

(Dollars in millions) June 30, December 31,

2026 2025

Assets

Investments $ 33,153 $ 31,783

Cash and cash equivalents 1,750 1,431

Premiums receivable 3,546 3,142

Reinsurance recoverable 633 655

Deferred policy acquisition costs 1,442 1,344

Other assets 2,707 2,647

Total assets $ 43,231 $ 41,002

Liabilities

Insurance reserves $ 15,465 $ 14,499

Unearned premiums 5,724 5,254

Deferred income tax 1,861 1,833

Long-term debt and lease obligations 859 861

Other liabilities 2,651 2,644

Total liabilities 26,560 25,091

Shareholders’ Equity

Common stock and paid-in capital 1,979 1,958

Retained earnings 17,958 16,719

Accumulated other comprehensive loss (135) (34)

Treasury stock (3,131) (2,732)

Total shareholders' equity 16,671 15,911

Total liabilities and shareholders' equity $ 43,231 $ 41,002

(Dollars in millions, except per share data) Three months ended June 30, Six months ended June 30,

2026 2025 2026 2025

Revenues

Earned premiums $ 2,635 $ 2,480 $ 5,239 $ 4,824

Investment income, net of expenses 319 285 637 565

Investment gains and losses, net 1,308 473 1,238 406

Other revenues 12 10 23 19

Total revenues 4,274 3,248 7,137 5,814

Benefits and Expenses

Insurance losses and contract holders' benefits 1,887 1,660 3,638 3,628

Underwriting, acquisition and insurance expenses 786 709 1,550 1,411

Interest expense 14 14 27 27

Other operating expenses 11 10 20 21

Total benefits and expenses 2,698 2,393 5,235 5,087

Income Before Income Taxes 1,576 855 1,902 727

Provision for Income Taxes 321 170 373 132

Net Income $ 1,255 $ 685 $ 1,529 $ 595

Per Common Share:

Net income — basic $ 8.14 $ 4.38 $ 9.88 $ 3.81

Net income — diluted 8.05 4.34 9.78 3.77

CINF 2Q26 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 2Q26 Release 14

Cincinnati Financial Corporation

Net Income Reconciliation

(Dollars in millions, except per share data) Three months ended June 30, Six months ended June 30,

2026 2025 2026 2025

Net income $ 1,255 $ 685 $ 1,529 $ 595

Less:

Investment gains and losses, net 1,308 473 1,238 406

Income tax on investment gains and losses (277) (99) (263) (85)

Investment gains and losses, after-tax 1,031 374 975 321

Non-GAAP operating income $ 224 $ 311 $ 554 $ 274

Diluted per share data:

Net income $ 8.05 $ 4.34 $ 9.78 $ 3.77

Less:

Investment gains and losses, net 8.40 3.00 7.92 2.57

Income tax on investment gains and losses (1.78) (0.63) (1.68) (0.54)

Investment gains and losses, after-tax 6.62 2.37 6.24 2.03

Non-GAAP operating income $ 1.43 $ 1.97 $ 3.54 $ 1.74

Life Insurance Reconciliation

(Dollars in millions) Three months ended June 30, Six months ended June 30,

2026 2025 2026 2025

Net income of the life insurance subsidiary $ 30 $ 26 $ 56 $ 47

Investment gains and losses, net (1) (4) (1) (5)

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

Non-GAAP operating income 31 29 57 51

Investment income, net of expenses (54) (49) (108) (99)

Investment interest credited to contract holders 33 31 65 63

Income tax excluding tax on investment gains and losses, net 8 8 15 13

Life insurance segment profit $ 18 $ 19 $ 29 $ 28

CINF 2Q26 Release 15

Property Casualty Insurance Reconciliation

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

Consolidated Commercial Personal E&S Other*

Premiums:

Net written premiums $ 2,825 $ 1,327 $ 990 $ 219 $ 289

Unearned premiums change (277) (76) (110) (30) (61)

Earned premiums $ 2,548 $ 1,251 $ 880 $ 189 $ 228

Underwriting profit (loss) $ (18) $ (49) $ 1 $ 19 $ 11

(Dollars in millions) Six months ended June 30, 2026

Consolidated Commercial Personal E&S Other*

Premiums:

Net written premiums $ 5,493 $ 2,686 $ 1,765 $ 401 $ 641

Unearned premiums change (426) (194) (12) (32) (188)

Earned premiums $ 5,067 $ 2,492 $ 1,753 $ 369 $ 453

Underwriting profit (loss) $ 97 $ (31) $ 31 $ 40 $ 57

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

Consolidated Commercial Personal E&S Other*

Premiums:

Net written premiums $ 2,733 $ 1,290 $ 980 $ 202 $ 261

Unearned premiums change (336) (78) (176) (28) (54)

Earned premiums $ 2,397 $ 1,212 $ 804 $ 174 $ 207

Underwriting profit (loss) $ 128 $ 87 $ (14) $ 16 $ 39

(Dollars in millions) Six months ended June 30, 2025

Consolidated Commercial Personal E&S Other*

Premiums:

Net written premiums $ 5,228 $ 2,615 $ 1,652 $ 370 $ 591

Unearned premiums change (567) (224) (150) (34) (159)

Earned premiums $ 4,661 $ 2,391 $ 1,502 $ 336 $ 432

Underwriting profit (loss) $ (170) $ 184 $ (371) $ 36 $ (19)

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 2Q26 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 June 30, Six months ended June 30,

2026 2025 2026 2025

Value creation ratio:

End of period book value* $ 108.64 $ 91.46 $ 108.64 $ 91.46

Less beginning of period book value 101.60 87.78 102.35 89.11

Change in book value 7.04 3.68 6.29 2.35

Dividend declared to shareholders 0.94 0.87 1.88 1.74

Total value creation $ 7.98 $ 4.55 $ 8.17 $ 4.09

Value creation ratio from change in book value** 7.0 % 4.2 % 6.2 % 2.6 %

Value creation ratio from dividends declared to shareholders*** 0.9 1.0 1.8 2.0

Value creation ratio 7.9 % 5.2 % 8.0 % 4.6 %

* 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 2Q26 Release 17

EX-99.2

Filename: exhibit9922q26.htm · Sequence: 3

Document

Cincinnati Financial Corporation

Supplemental Financial Data

for the period ending June 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 July 24, 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 Second-Quarter 2026 Supplemental Financial Data

Cincinnati Financial Corporation

Supplemental Financial Data

for the period ending June 30, 2026

Page

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

Consolidated

CFC and Subsidiaries Consolidation – Six Months Ended June 30, 2026 4

CFC and Subsidiaries Consolidation – Three Months Ended June 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 – Six Months Ended June 30, 2026 11

Loss and Loss Expense Analysis – Three Months Ended June 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 Second-Quarter 2026 Supplemental Financial Data

Definitions of Non-GAAP Information and

Reconciliation to Comparable GAAP Measures

•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.

Other Measures

•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 Second-Quarter 2026 Supplemental Financial Data

Cincinnati Financial Corporation and Subsidiaries

Consolidated Statements of Income for the Six Months Ended June 30, 2026

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

Revenues

Premiums earned:

Property casualty $ — $ 5,264 $ — $ — $ — $ 5,264

Life — — 212 — — 212

Premiums ceded — (197) (40) — — (237)

Total earned premium — 5,067 172 — — 5,239

Investment income, net of expenses 66 465 108 — (2) 637

Investment gains and losses, net 381 859 (1) — (1) 1,238

Fee revenues — 7 3 — — 10

Other revenues 7 10 — 6 (10) 13

Total revenues $ 454 $ 6,408 $ 282 $ 6 $ (13) $ 7,137

Benefits & expenses

Losses & contract holders' benefits $ — $ 3,519 $ 195 $ — $ — $ 3,714

Reinsurance recoveries — (44) (32) — — (76)

Underwriting, acquisition and insurance expenses — 1,502 48 — — 1,550

Interest expense 26 — — 2 (1) 27

Other operating expenses 25 5 — 2 (12) 20

Total expenses $ 51 $ 4,982 $ 211 $ 4 $ (13) $ 5,235

Income before income taxes $ 403 $ 1,426 $ 71 $ 2 $ — $ 1,902

Provision (benefit) for income taxes

Current operating income (loss) $ (9) $ 42 $ 20 $ — $ — $ 53

Capital gains/losses 81 182 — — — 263

Deferred 10 52 (5) — — 57

Total provision for income taxes $ 82 $ 276 $ 15 $ — $ — $ 373

Net income - current year $ 321 $ 1,150 $ 56 $ 2 $ — $ 1,529

Net income - prior year $ 89 $ 458 $ 47 $ 1 $ — $ 595

*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 Second-Quarter 2026 Supplemental Financial Data

Cincinnati Financial Corporation and Subsidiaries

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

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

Revenues

Premiums earned:

Property casualty $ — $ 2,649 $ — $ — $ — $ 2,649

Life — — 107 — — 107

Premiums ceded — (101) (20) — — (121)

Total earned premium — 2,548 87 — — 2,635

Investment income, net of expenses 29 237 54 — (1) 319

Investment gains and losses, net 508 801 (1) — — 1,308

Fee revenues — 3 2 — — 5

Other revenues 3 6 — 3 (5) 7

Total revenues $ 540 $ 3,595 $ 142 $ 3 $ (6) $ 4,274

Benefits & expenses

Losses & contract holders' benefits $ — $ 1,843 $ 96 $ — $ — $ 1,939

Reinsurance recoveries — (35) (17) — — (52)

Underwriting, acquisition and insurance expenses — 761 25 — — 786

Interest expense 13 — — 1 — 14

Other operating expenses 13 3 — 1 (6) 11

Total expenses $ 26 $ 2,572 $ 104 $ 2 $ (6) $ 2,698

Income before income taxes $ 514 $ 1,023 $ 38 $ 1 $ — $ 1,576

Provision (benefit) for income taxes

Current operating income (loss) $ (62) $ (44) $ 12 $ — $ — $ (94)

Capital gains/losses 107 169 — — — 276

Deferred 64 79 (4) — — 139

Total provision for income taxes $ 109 $ 204 $ 8 $ — $ — $ 321

Net income - current year $ 405 $ 819 $ 30 $ 1 $ — $ 1,255

Net income - prior year $ 159 $ 500 $ 26 $ — $ — $ 685

*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 Second-Quarter 2026 Supplemental Financial Data

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 $ 29 $ 8 $ 27 $ 48 $ 15 $ 26 $ 37 $ 41 $ 89 $ 116

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

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

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

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

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

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

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

Commercial Lines

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

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

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

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

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

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

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

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

Personal Lines

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

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

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

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

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

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

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

Total losses incurred $ 558 $ 535 $ 387 $ 427 $ 521 $ 769 $ 1,093 $ 1,290 $ 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

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

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

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

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

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

Total losses incurred $ 83 $ 79 $ 73 $ 75 $ 76 $ 70 $ 162 $ 146 $ 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 Second-Quarter 2026 Supplemental Financial Data

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 % 0.3 % 1.1 % 1.9 % 0.6 % 1.2 % 0.7 % 0.9 % 1.3 % 1.2 %

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

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

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

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

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

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

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

Commercial Lines

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

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

Large loss prior accident year reserve development 4.2 2.8 3.0 3.8 1.2 3.8 3.6 2.5 2.9 2.9

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

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

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

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

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

Personal Lines

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

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

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

Total large loss ratio 2.1 % 4.5 % 5.0 % 3.1 % 5.0 % 5.3 % 3.3 % 5.1 % 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 6.1 5.7

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

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

Total loss ratio 63.4 % 61.3 % 45.1 % 50.9 % 64.8 % 110.1 % 62.3 % 85.9 % 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 — — — — — — 0.3

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

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

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

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

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

Total loss ratio 44.7 % 43.6 % 39.1 % 42.8 % 43.8 % 43.1 % 44.1 % 43.5 % 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 Second-Quarter 2026 Supplemental Financial Data

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 3 1 3 6 2 3 4 5 12 15

Current accident year reported losses

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

Prior accident year reported losses on

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

Non-Catastrophe reported losses on

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

Commercial Lines

Current accident year reported losses greater

than $5 million 3 — 2 6 1 1 3 2 9 10

Current accident year reported losses

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

Prior accident year reported losses on

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

Non-Catastrophe reported losses on

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

Personal Lines

Current accident year reported losses greater

than $5 million — 1 1 — 1 2 1 3 3 5

Current accident year reported losses

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

Prior accident year reported losses on

large losses 1 4 1 — 3 4 5 7 7 8

Non-Catastrophe reported losses on

large losses total 9 10 11 8 11 8 19 19 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

Prior accident year reported losses on

large losses — — — — — — — — — —

Non-Catastrophe reported losses on

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

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

CINF Second-Quarter 2026 Supplemental Financial Data

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 $ 439 $ 451 $ 394 $ 372 $ 428 $ 443 $ 890 $ 871 $ 1,244 $ 1,638

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

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

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

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

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

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

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

Commercial property:

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

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

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

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

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

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

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

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

Commercial auto:

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

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

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

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

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

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

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

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

Workers' compensation:

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

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

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

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

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

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

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

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

Other commercial:

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

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

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

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

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

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

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

Total loss and loss expense ratio 53.7 % 39.9 % 54.3 % 54.0 % 49.2 % 43.7 % 46.9 % 46.5 % 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 Second-Quarter 2026 Supplemental Financial Data

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 $ 332 $ 275 $ 285 $ 328 $ 333 $ 266 $ 607 $ 599 $ 927 $ 1,212

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

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

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

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

Prior accident years before catastrophe losses (1.1) 3.2 1.9 1.9 — (0.8) 1.0 (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 71.7 % 73.5 % 70.3 % 70.8 % 71.0 % 73.1 % 72.6 % 72.0 % 71.6 % 71.3 %

Homeowner:

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

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

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

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

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

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

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

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

Other personal:

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

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

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

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

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

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

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

Total loss and loss expense ratio 59.7 % 64.0 % 76.1 % 77.4 % 72.4 % 80.6 % 61.8 % 76.4 % 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 $ 219 $ 182 $ 184 $ 175 $ 202 $ 168 $ 401 $ 370 $ 545 $ 729

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

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

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

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

Prior accident years before catastrophe losses (2.9) (4.1) (0.3) (2.1) (2.7) (5.0) (3.5) (3.8) (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) (0.3) (0.2)

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

CINF Second-Quarter 2026 Supplemental Financial Data

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 six months ended June 30, 2026

Commercial casualty $ 374 $ 102 $ 476 $ 13 $ 94 $ 45 $ 152 $ 387 $ 94 $ 147 $ 628

Commercial property 353 36 389 59 133 10 202 412 133 46 591

Commercial auto 257 43 300 (11) 63 12 64 246 63 55 364

Workers' compensation 61 14 75 8 (10) 7 5 69 (10) 21 80

Other commercial 53 17 70 19 5 9 33 72 5 26 103

Total commercial lines 1,098 212 1,310 88 285 83 456 1,186 285 295 1,766

Personal auto 302 53 355 17 54 16 87 319 54 69 442

Homeowners 462 59 521 21 143 18 182 483 143 77 703

Other personal 74 5 79 11 39 1 51 85 39 6 130

Total personal lines 838 117 955 49 236 35 320 887 236 152 1,275

Excess & surplus lines 89 38 127 (18) 97 28 107 71 97 66 234

Other 161 10 171 (18) 90 1 73 143 90 11 244

Total property casualty $ 2,186 $ 377 $ 2,563 $ 101 $ 708 $ 147 $ 956 $ 2,287 $ 708 $ 524 $ 3,519

Ceded loss and loss expense incurred for the six months ended June 30, 2026

Commercial casualty $ 12 $ 2 $ 14 $ (12) $ (2) $ (4) $ (18) $ — $ (2) $ (2) $ (4)

Commercial property 3 — 3 5 2 — 7 8 2 — 10

Commercial auto — — — — — — — — — — —

Workers' compensation 3 — 3 (2) (2) — (4) 1 (2) — (1)

Other commercial 5 1 6 (1) (1) — (2) 4 (1) 1 4

Total commercial lines 23 3 26 (10) (3) (4) (17) 13 (3) (1) 9

Personal auto 1 — 1 1 — — 1 2 — — 2

Homeowners 29 — 29 (14) 9 — (5) 15 9 — 24

Other personal 3 — 3 1 — — 1 4 — — 4

Total personal lines 33 — 33 (12) 9 — (3) 21 9 — 30

Excess & surplus lines 6 — 6 (2) 2 — — 4 2 — 6

Other 4 — 4 (11) 6 — (5) (7) 6 — (1)

Total property casualty $ 66 $ 3 $ 69 $ (35) $ 14 $ (4) $ (25) $ 31 $ 14 $ (1) $ 44

Net loss and loss expense incurred for the six months ended June 30, 2026

Commercial casualty $ 362 $ 100 $ 462 $ 25 $ 96 $ 49 $ 170 $ 387 $ 96 $ 149 $ 632

Commercial property 350 36 386 54 131 10 195 404 131 46 581

Commercial auto 257 43 300 (11) 63 12 64 246 63 55 364

Workers' compensation 58 14 72 10 (8) 7 9 68 (8) 21 81

Other commercial 48 16 64 20 6 9 35 68 6 25 99

Total commercial lines 1,075 209 1,284 98 288 87 473 1,173 288 296 1,757

Personal auto 301 53 354 16 54 16 86 317 54 69 440

Homeowners 433 59 492 35 134 18 187 468 134 77 679

Other personal 71 5 76 10 39 1 50 81 39 6 126

Total personal lines 805 117 922 61 227 35 323 866 227 152 1,245

Excess & surplus lines 83 38 121 (16) 95 28 107 67 95 66 228

Other 157 10 167 (7) 84 1 78 150 84 11 245

Total property casualty $ 2,120 $ 374 $ 2,494 $ 136 $ 694 $ 151 $ 981 $ 2,256 $ 694 $ 525 $ 3,475

*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 Second-Quarter 2026 Supplemental Financial Data

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 June 30, 2026

Commercial casualty $ 155 $ 47 $ 202 $ 50 $ 43 $ 26 $ 119 $ 205 $ 43 $ 73 $ 321

Commercial property 198 18 216 54 38 5 97 252 38 23 313

Commercial auto 132 21 153 (10) 36 7 33 122 36 28 186

Workers' compensation 32 7 39 6 (9) (1) (4) 38 (9) 6 35

Other commercial 27 12 39 15 7 — 22 42 7 12 61

Total commercial lines 544 105 649 115 115 37 267 659 115 142 916

Personal auto 150 26 176 9 25 10 44 159 25 36 220

Homeowners 263 31 294 1 79 10 90 264 79 41 384

Other personal 43 3 46 (5) 21 1 17 38 21 4 63

Total personal lines 456 60 516 5 125 21 151 461 125 81 667

Excess & surplus lines 52 18 70 (23) 58 16 51 29 58 34 121

Other 81 5 86 (20) 74 (1) 53 61 74 4 139

Total property casualty $ 1,133 $ 188 $ 1,321 $ 77 $ 372 $ 73 $ 522 $ 1,210 $ 372 $ 261 $ 1,843

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

Commercial casualty $ (5) $ — $ (5) $ 2 $ — $ — $ 2 $ (3) $ — $ — $ (3)

Commercial property 2 — 2 5 (2) — 3 7 (2) — 5

Commercial auto — — — — — — — — — — —

Workers' compensation 1 — 1 1 (1) — — 2 (1) — 1

Other commercial 3 1 4 (1) — — (1) 2 — 1 3

Total commercial lines 1 1 2 7 (3) — 4 8 (3) 1 6

Personal auto 1 — 1 — — 1 — 1 — 1 2

Homeowners 16 — 16 (6) 17 — 11 10 17 — 27

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

Total personal lines 19 — 19 (8) 17 1 9 11 17 1 29

Excess & surplus lines 6 — 6 (3) — — (3) 3 — — 3

Other 1 — 1 (11) 7 — (4) (10) 7 — (3)

Total property casualty $ 27 $ 1 $ 28 $ (15) $ 21 $ 1 $ 6 $ 12 $ 21 $ 2 $ 35

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

Commercial casualty $ 160 $ 47 $ 207 $ 48 $ 43 $ 26 $ 117 $ 208 $ 43 $ 73 $ 324

Commercial property 196 18 214 49 40 5 94 245 40 23 308

Commercial auto 132 21 153 (10) 36 7 33 122 36 28 186

Workers' compensation 31 7 38 5 (8) (1) (4) 36 (8) 6 34

Other commercial 24 11 35 16 7 — 23 40 7 11 58

Total commercial lines 543 104 647 108 118 37 263 651 118 141 910

Personal auto 149 26 175 9 25 9 43 158 25 35 218

Homeowners 247 31 278 7 62 10 79 254 62 41 357

Other personal 41 3 44 (3) 21 1 19 38 21 4 63

Total personal lines 437 60 497 13 108 20 141 450 108 80 638

Excess & surplus lines 46 18 64 (20) 58 16 54 26 58 34 118

Other 80 5 85 (9) 67 (1) 57 71 67 4 142

Total property casualty $ 1,106 $ 187 $ 1,293 $ 92 $ 351 $ 72 $ 515 $ 1,198 $ 351 $ 259 $ 1,808

*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 Second-Quarter 2026 Supplemental Financial Data

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 $ 2,254 $ 2,045 $ 1,939 $ 2,037 $ 2,135 $ 1,912 $ 4,299 $ 4,047 $ 6,084 $ 8,023

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

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

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

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

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

Year over year change %

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

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

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

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

Paid losses and loss expenses

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

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

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

Incurred losses and loss expenses

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

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

Statutory combined ratio

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

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

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

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

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

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

GAAP combined ratio

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

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

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

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 Second-Quarter 2026 Supplemental Financial Data

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 $ 1,146 $ 1,184 $ 1,039 $ 1,043 $ 1,116 $ 1,152 $ 2,330 $ 2,268 $ 3,311 $ 4,350

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

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

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

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

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

Year over year change %

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

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

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

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

Paid losses and loss expenses

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

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

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

Incurred losses and loss expenses

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

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

Statutory combined ratio

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

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

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

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

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

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

GAAP combined ratio

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

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

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

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 Second-Quarter 2026 Supplemental Financial Data

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 $ 943 $ 726 $ 764 $ 864 $ 866 $ 634 $ 1,669 $ 1,500 $ 2,364 $ 3,128

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

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

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

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

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

Year over year change %

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

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

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

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

Paid losses and loss expenses

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

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

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

Incurred losses and loss expenses

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

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

Statutory combined ratio

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

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

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

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

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

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

GAAP combined ratio

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

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

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

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 Second-Quarter 2026 Supplemental Financial Data

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 $ 165 $ 135 $ 136 $ 130 $ 153 $ 126 $ 300 $ 279 $ 409 $ 545

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

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

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

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

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

Year over year change %

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

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

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

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

Paid losses and loss expenses

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

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

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

Incurred losses and loss expenses

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

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

Statutory combined ratio

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

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

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

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

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

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

GAAP combined ratio

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

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

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

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 Second-Quarter 2026 Supplemental Financial Data

Consolidated Cincinnati Insurance Companies

Statutory Statements of Income

For the Three Months Ended June 30, For the Six Months Ended June 30,

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

Underwriting income

Net premiums written $ 2,727 $ 2,636 $ 91 3 $ 5,297 $ 5,055 $ 242 5

Unearned premium change 254 304 (50) (16) 378 523 (145) (28)

Earned premiums $ 2,473 $ 2,332 $ 141 6 $ 4,919 $ 4,532 $ 387 9

Losses incurred $ 1,497 $ 1,291 $ 206 16 $ 2,876 $ 2,883 $ (7) —

Defense and cost containment expenses incurred 126 139 (13) (9) 259 265 (6) (2)

Adjusting and other expenses incurred 132 131 1 1 263 263 — —

Other underwriting expenses incurred 764 696 68 10 1,495 1,377 118 9

Workers compensation dividend incurred — 1 (1) (100) 1 2 (1) (50)

Total underwriting deductions $ 2,519 $ 2,258 $ 261 12 $ 4,894 $ 4,790 $ 104 2

Net underwriting profit (loss) $ (46) $ 74 $ (120) nm $ 25 $ (258) $ 283 nm

Investment income

Gross investment income earned $ 217 $ 195 $ 22 11 $ 429 $ 379 $ 50 13

Net investment income earned 213 193 20 10 422 374 48 13

Net realized capital gains and losses, net 269 (7) 276 nm 436 (7) 443 nm

Net investment gains (net of tax) $ 482 $ 186 $ 296 159 $ 858 $ 367 $ 491 134

Other income $ 1 $ 1 $ — — $ 3 $ 3 $ — —

Net income before federal income taxes $ 437 $ 261 $ 176 67 $ 886 $ 112 $ 774 691

Federal and foreign income taxes incurred 28 49 (21) (43) 56 (13) 69 nm

Net income (statutory) $ 409 $ 212 $ 197 93 $ 830 $ 125 $ 705 564

Policyholders' surplus - statutory $ 10,474 $ 8,850 $ 1,624 18 $ 10,474 $ 8,850 $ 1,624 18

Fixed maturities at amortized cost - statutory $ 14,763 $ 13,037 $ 1,726 13 $ 14,763 $ 13,037 $ 1,726 13

*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 Second-Quarter 2026 Supplemental Financial Data

The Cincinnati Life Insurance Company

Statutory Statements of Income

For the Three Months Ended June 30, For the Six Months Ended June 30,

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

Net premiums written $ 96 $ 93 $ 3 3 $ 183 $ 172 $ 11 6

Net investment income 55 50 5 10 109 100 9 9

Commissions and expense allowances on reinsurance ceded 1 1 — — 2 2 — —

Income from fees associated with separate accounts 2 2 — — 3 3 — —

Total revenues $ 154 $ 146 $ 8 5 $ 297 $ 277 $ 20 7

Death benefits and matured endowments $ 47 $ 40 $ 7 18 $ 96 $ 96 $ — —

Annuity benefits 18 20 (2) (10) 38 43 (5) (12)

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

Surrender benefits and group conversions 12 10 2 20 24 20 4 20

Interest and adjustments on deposit-type contract funds (1) 2 (3) nm — 4 (4) (100)

Increase in aggregate reserves for life and accident and health contracts 5 2 3 150 3 (7) 10 nm

Total benefit expenses $ 82 $ 75 $ 7 9 $ 162 $ 157 $ 5 3

Commissions $ 13 $ 12 $ 1 8 $ 26 $ 24 $ 2 8

General insurance expenses and taxes 16 16 — — 31 31 — —

Increase in loading on deferred and uncollected premiums (2) (1) (1) (100) (1) 2 (3) nm

Net transfers from separate accounts (6) — (6) nm (7) (8) 1 13

Total underwriting expenses $ 21 $ 27 $ (6) (22) $ 49 $ 49 $ — —

Federal and foreign income taxes incurred 12 11 1 9 19 17 2 12

Net gain from operations before capital gains and losses $ 39 $ 33 $ 6 18 $ 67 $ 54 $ 13 24

Gains and losses net of capital gains tax, net (1) (5) 4 80 (2) (6) 4 67

Net income (statutory) $ 38 $ 28 $ 10 36 $ 65 $ 48 $ 17 35

Policyholders' surplus - statutory $ 658 $ 556 $ 102 18 $ 658 $ 556 $ 102 18

Fixed maturities at amortized cost - statutory $ 3,922 $ 3,854 $ 68 2 $ 3,922 $ 3,854 $ 68 2

*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 Second-Quarter 2026 Supplemental Financial Data

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 $ 191 $ 254 $ 86 $ 87 $ 164 $ 255 $ 445 $ 418 $ 505 $ 591

Year over year change %- written premium 16 % — % (13) % (2) % (21) % 26 % 6 % 2 % 1 % (1) %

Earned premiums $ 153 $ 152 $ 138 $ 141 $ 142 $ 161 $ 305 $ 303 $ 444 $ 582

Current accident year before catastrophe losses 47.8 % 46.7 % 52.7 % 52.9 % 56.2 % 46.6 % 47.3 % 51.1 % 51.7 % 51.9 %

Current accident year catastrophe losses 6.1 8.1 (0.8) 3.6 (0.6) 66.3 7.1 34.9 25.0 18.9

Prior accident years before catastrophe losses 3.6 3.2 (5.3) (0.9) 5.7 (4.5) 3.4 0.3 (0.1) (1.3)

Prior accident years catastrophe losses 1.3 (6.5) 0.4 (2.1) (1.2) (2.4) (2.6) (1.8) (1.9) (1.4)

Total loss and loss expense ratio 58.8 % 51.5 % 47.0 % 53.5 % 60.1 % 106.0 % 55.2 % 84.5 % 74.7 % 68.1 %

Cincinnati Global:

Net written premiums $ 98 $ 98 $ 79 $ 82 $ 97 $ 75 $ 196 $ 173 $ 255 $ 334

Year over year change %- written premium 1 % 31 % 3 % 6 % 45 % (9) % 13 % 16 % 13 % 10 %

Earned premiums $ 75 $ 73 $ 80 $ 102 $ 65 $ 64 $ 148 $ 129 $ 231 $ 311

Current accident year before catastrophe losses 69.1 % 42.5 % 35.6 % 35.1 % 41.8 % 39.3 % 56.1 % 40.6 % 38.2 % 37.5 %

Current accident year catastrophe losses 20.6 2.4 14.3 0.5 3.7 31.4 11.6 17.4 9.9 11.0

Prior accident years before catastrophe losses (13.0) (12.0) (1.7) (10.1) (22.4) (0.2) (12.5) (11.4) (10.8) (8.5)

Prior accident years catastrophe losses (6.8) 0.4 (4.0) (0.1) 17.3 (13.9) (3.3) 1.8 0.9 (0.3)

Total loss and loss expense ratio 69.9 % 33.3 % 44.2 % 25.4 % 40.4 % 56.6 % 51.9 % 48.4 % 38.2 % 39.7 %

Noninsurance operations:

Interest and fees on loans and leases $ 3 $ 3 $ 3 $ 3 $ 2 $ 3 $ 6 $ 5 $ 8 $ 11

Other revenue 4 3 3 3 3 1 7 4 7 10

Interest expense 14 13 13 13 14 13 27 27 40 53

Operating expenses 11 9 7 6 10 11 20 21 27 34

Total noninsurance operations loss $ (18) $ (16) $ (14) $ (13) $ (19) $ (20) $ (34) $ (39) $ (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 Second-Quarter 2026 Supplemental Financial Data

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Document Type

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Document Period End Date

Jul. 27, 2026

Entity Registrant Name

CINCINNATI FINANCIAL CORPORATION

Entity Incorporation, State or Country Code

Entity File Number

0-4604

Entity Tax Identification Number

31-0746871

Entity Address, Address Line One

6200 S. Gilmore Road

Entity Address, City or Town

Fairfield,

Entity Address, State or Province

Entity Address, Postal Zip Code

45014‑5141

City Area Code

513

Local Phone Number

870-2000

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Trading Symbol

CINF

Security Exchange Name

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