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Earnings transcript
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CINF
Cincinnati Financial Corporation
$166.82
2.99
(1.83%)
| Exchange: | NASDAQ |
| Market Cap: | 25.805B |
| Shares Outstanding: | 165.508M |
Delayed data
About The Company
| Sector: | Financial Services | |||||
| Industry: | Insurance – Property & Casualty | |||||
| CEO: | Stephen Michael Spray | |||||
| Full Time Employees: | 5624 | |||||
| Address: |
| |||||
| Website: | https://www.cinfin.com |
Cincinnati Financial Corporation, operating through its various subsidiaries, delivers a range of property and casualty insurance offerings across the United States. Its operations are organized into five distinct divisions: Commercial Lines, Personal Lines, Excess and Surplus Lines, Life Insurance, and Investments. The Commercial Lines division safeguards businesses against risks such as commercial casualty, property damage, vehicle incidents, and workers’ compensation claims; it also offers specialized protection including director and officer liability, various surety and fidelity bonds, and coverage for machinery and equipment. For individual clients, the Personal Lines segment provides essential coverages like personal auto and homeowner policies, alongside dwelling fire, inland marine, personal umbrella liability, and watercraft protection. The Excess and Surplus Lines segment specializes in commercial casualty insurance, protecting companies from third-party liabilities stemming from on-site incidents, operational activities, or product-related injuries; this segment also delivers commercial property insurance, securing assets like buildings, inventory, and equipment, as well as business income, against a broad spectrum of perils including fire, wind, hail, water damage, theft, and vandalism. Through its Life Insurance division, the company offers a comprehensive suite of life policies, encompassing term life, universal life, worksite-based term life, and whole life insurance options. The Investments segment manages a portfolio including fixed-maturity assets like taxable and tax-exempt bonds, along with redeemable preferred stocks, and equity holdings such as common and non-redeemable preferred stocks. Beyond insurance, Cincinnati Financial Corporation extends its services to include commercial leasing and financing, as well as insurance brokerage. Established in 1950, Cincinnati Financial Corporation’s corporate headquarters are situated in Fairfield, Ohio.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 10,013,000 | 11,337,000 | 12,631,000 |
| Gross Profit | 4,739,000 | 5,600,000 | 6,331,000 |
| EBITDA | 2,442,000 | 3,041,000 | 3,201,000 |
| Operating Income | 2,276,000 | 2,858,000 | 2,980,000 |
| Net Income | 1,843,000 | 2,292,000 | 2,393,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 32,769,000 | 36,501,000 | 41,002,000 |
| Total Liabilities | 20,671,000 | 22,566,000 | 25,091,000 |
| Total Stockholders Equity | 12,098,000 | 13,935,000 | 15,911,000 |
| Total Debt | 874,000 | 875,000 | 861,000 |
| Cash and Cash Equivalents | 907,000 | 983,000 | 1,431,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 2,052,000 | 2,649,000 | 3,112,000 |
| Capital Expenditure | -18,000 | -22,000 | 0 |
| Free Cash Flow | 2,034,000 | 2,627,000 | 3,112,000 |
| Net Income | 1,843,000 | 2,292,000 | 2,393,000 |
| Net Change in Cash | -357,000 | 76,000 | 448,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 11,252,032.667 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 11,631,147.944 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 11,460,000 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 2,451,048.816 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 2,533,632.121 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 2,496,350.683 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 1,347,715.579 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 1,407,075.399 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 1,377,395.489 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 599,526.402 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 619,726.273 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 610,607.236 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 8.750 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 8.920 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 8.540 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 1 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 1 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Solid Financial Performance: CINF reported strong results in Q2 2025, with key financial metrics such as revenue and net income showing positive trends as highlighted in the earnings call transcript. The company's ability to exceed expectations in operating income and EPS reflects robust underwriting and pricing strategies.
- Healthy Profitability Metrics: High gross profit margin (TTM) and net profit margin (TTM) indicate efficient cost management and profitability compared to industry peers, supported by data from key metrics.
- Strong Cash Flow Generation: Free cash flow (TTM) remains positive, as per cash flow statements, providing flexibility for dividends and reinvestment. The consistent net cash provided by operating activities underscores operational stability.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates CINF intrinsic value between $162.35 – $244.96 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about CINF valuation
Is Cincinnati Financial Corporation (CINF) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Cincinnati Financial Corporation (CINF) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is CINF a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether CINF trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is CINF’s P/E ratio?
You can see CINF’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for CINF?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is CINF a good long-term investment?
Whether CINF fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
CINF
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
Daily snapshot
1.83
Trading Metrics:
| Open: | 164.79 | Previous Close: | 163.83 | |
| Day Low: | 164.77 | Day High: | 166.9 | |
| Year Low: | 143.37 | Year High: | 174.27 | |
| Price Avg 50: | 162.76 | Price Avg 200: | 161.42 | |
| Volume: | 49176 | Average Volume: | 738349 |
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Login — it's freeCINF full analysis
Welcome to MARKETSNAP’s SWOT analysis for Cincinnati Financial Corporation, also known by its ticker CINF. If you’re a long-term investor looking to build wealth through smart stock picks, you’re in the right place. Today, we’re diving deep into this insurance giant to break down its strengths, weaknesses, opportunities, and threats. We’ll also touch on recent performance, key financials, and what’s on the horizon for this company. So, grab a coffee, let’s unpack this together, and see if Cincinnati Financial deserves…
