Cincinnati Financial CorporationCINF
NasdaqGS•Financial Services•Insurance - Property & Casualty
Cincinnati Financial Corporation provides property casualty insurance products in the United States. The company operates through five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment offers coverage for commercial casualty and property, commercial auto, and workers' compensation. This segment also provides contract and commercial surety bonds, and fidelity bonds; management liability; and machinery and equipment insurance products. The Personal Lines Insurance segment offers personal auto; homeowner; and other personal lines insurance, such as dwelling fire, inland marine, personal umbrella liability, and watercraft coverages. The Excess and Surplus Lines Insurance segment offers commercial casualty insurance that covers businesses for third-party liability from accidents occurring on their premises or arising out of their operations, such as injuries sustained from products, as well as other coverages comprising miscellaneous errors and omissions, professional liability, and excess liability; and commercial property insurance, which insures buildings, inventory, equipment, and business income from loss or damage due to various causes, such as fire, wind, hail, water, theft, and vandalism. The Life Insurance segment provides term life insurance; universal life insurance; and worksite and whole life insurance products, as well as annuities. The Investments segment invests in fixed-maturity investments, including taxable and tax-exempt bonds, and redeemable preferred stocks; and equity investments comprising common and nonredeemable preferred stocks. The company also offers commercial leasing and financing services; and insurance brokerage services. The company was founded in 1950 and is headquartered in Fairfield, Ohio.
Cincinnati Financial Corporatio (CINF) reported trailing twelve months revenue of $12.93B as of March 2026, a 17.9% increase year-over-year. Quarterly revenue reached $2.86B, reflecting continued top-line momentum.
Cincinnati Financial Corporatio generated $2.76B in TTM net income, with quarterly EBITDA of $326.00M. The operating margin expanded from -5.0% to 11.4%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (11.4%) and net margin (9.6%) indicates tight cost control with minimal non-operating drag. Net margin has improved from -3.5% a year ago, signaling stronger bottom-line efficiency.
CINF trades at a P/E of 8.8x (below the broader market average) and a P/S of 1.9x. The price-to-book ratio of 1.5x reflects a moderate premium to book value.
The company generated $654.00M in free cash flow over the trailing twelve months, a 113.0% increase year-over-year, indicating cash generation ability. The balance sheet shows $41.21B in total assets with $791.00M in long-term debt against $15.71B in stockholders equity for a debt-to-equity ratio of 0.1, a conservative capital structure. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are under pressure, averaging 20.4%. The business may lack pricing power or face rising costs.'
ROE averages 15.6% but has fluctuated — the competitive advantage may be cyclical or emerging.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
Revenue shows resilience with 5 of 7 quarters posting growth — demand is generally stable but has seen some soft patches.
Data-driven red flags and warnings across 21 quarters
The company posted negative operating margins in recent quarters — core operations are unprofitable.
FCF covers net income by 0.9x on average — earnings are well-supported by cash generation.
D/E ratio is 0.1 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Share count is stable — no significant dilution or buyback activity.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation