Cincinnati Financial Corporation

NasdaqGS-CINF

Income Statement	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	LTM
Premiums and Annuity Revenues	5,604	5,980	6,478	7,225	7,958	8,324
Total Interest And Dividend Income	646	670	714	781	894	951
Gain (Loss) on Sale of Investments, Total	1,650	865	2,409	-1,467	1,127	1,336
Other Revenues, Total	24	21	25	24	34	35
Total Revenues	7,924	7,536	9,626	6,563	10,013	10,646
Total Revenues % Chg.	46.6%	-4.9%	27.7%	-31.8%	52.6%	13.6%
Policy Benefits	3,650	4,144	3,914	5,025	5,279	5,370
Policy Acquisition / Underwriting Costs, Total	1,640	1,734	1,862	2,072	2,292	2,424
Other Operating Expenses	109	105	99	107	112	117
Total Operating Expenses	5,399	5,983	5,875	7,204	7,683	7,911
Operating Income	2,525	1,553	3,751	-641	2,330	2,735
Interest Expense, Total	-53	-54	-53	-53	-54	-54
EBT, Excl. Unusual Items	2,472	1,499	3,698	-694	2,276	2,681
EBT, Incl. Unusual Items	2,472	1,499	3,698	-694	2,276	2,681
Income Tax Expense	475	283	730	-207	433	530
Earnings From Continuing Operations	1,997	1,216	2,968	-487	1,843	2,151
Net Income	1,997	1,216	2,968	-487	1,843	2,151
Net Income to Common Incl Extra Items	1,997	1,216	2,968	-487	1,843	2,151
Net Income to Common Excl. Extra Items	1,997	1,216	2,968	-487	1,843	2,151
Total Shares Outstanding	162.9	160.9	160.3	157.1	157	156.2
Weighted Avg. Shares Outstanding	163.2	161.2	161	158.8	157	156.8
Weighted Avg. Shares Outstanding Dil	165.1	162.4	162.7	158.8	158.1	157.8
EPS	12.2	7.5	18.4	-3.1	11.7	13.7
EPS Diluted	12.1	7.5	18.2	-3.1	11.7	13.6
EBITDA	2,597	1,662	3,869	-514	2,442	2,849
Effective Tax Rate	19.2%	18.9%	19.7%	29.8%	19%	19.8%