CINFNasdaqFire, Marine & Casualty InsuranceFiscal year ends December 31
CINCINNATI FINANCIAL CORP
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 27, 2026
$169.89−1.36 (-0.79%)
Close on Oct 19, 2026
- Market cap
- $26.45B
- P/E (TTM)
- 8.0
- Dividend yield
- 2.05%
Margins
Share of revenue, fiscal years 2011 to 2025
Net margin
18.9%+2.8 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +11.4% | +24.4% | +10.9% | +9.4% | |
| Net income | +4.4% | – | +14.5% | +14.2% | |
| EPS, diluted | +4.4% | – | +15.2% | +14.8% | |
| Free cash flow | +17.7% | +14.9% | +16.0% | +11.2% | |
| Dividend per share | +7.4% | +8.0% | +7.7% | +4.2% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 8.8% | 11.8% | 16.0% | |
| Return on assets | 3.0% | 4.6% | 6.2% | |
| Debt to equity | 0.12 | 0.08 | 0.05 | |
| Capex to revenue | 0.2% | 0.3% | 0.2% | |
| Diluted shares | 167M | 162M | 158M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Cincinnati Financial generated $11.85B from operations and spent $3.33B on capital expenditure, dividends and share buybacks. 3% of that went back into the business.
Generated
$11.85B
Used
$3.33B
Capital expenditure$90.00M3%Dividends$2.29B69%Share buybacks$952.00M29%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin18.9%
×Asset turnover0.33×
×Equity multiplier2.60×
=Return on equity, FY202516.0%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 18.9% | 0.33× | 2.60× | 16.0% |
| FY2024 | 20.2% | 0.33× | 2.66× | 17.6% |
| FY2023 | 18.4% | 0.32× | 2.76× | 16.3% |
| FY2022 | -7.4% | 0.21× | 2.62× | -4.2% |
| FY2021 | 30.8% | 0.33× | 2.50× | 25.2% |
| FY2020 | 16.1% | 0.28× | 2.56× | 11.8% |
| FY2019 | 25.2% | 0.33× | 2.68× | 22.6% |
| FY2018 | 5.3% | 0.25× | 2.72× | 3.6% |
| FY2017 | 18.2% | 0.27× | 2.76× | 13.7% |
| FY2016 | 10.8% | 0.28× | 2.91× | 8.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 7 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$2.39B
- Cash generatingOperating cash flow above zero$3.11B
- Return on assets improvedROA up on the prior year7.0% → 6.6%
- Earnings backed by cashOperating cash flow above net income$3.11B vs $2.39B
- Less leverageLong-term debt to assets fell2.3% → 2.1%
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise158M → 158M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.35 → 0.35