Cincinnati Financial Corporation
Financial Performance
Cincinnati Financial Revenue & Financials
Revenue
$12.6B (FY2025)
Market Cap
$24.9B
Employees
5,420
What is Cincinnati Financial's revenue?
Cincinnati Financial had $12.6B in revenue for fiscal year 2025, up 11.4% from 2024.
- Latest revenue
- $12.6B (FY2025)
- Year-over-year
- +11.4%
- Growth rate (CAGR)
- 9.8% over 9 years
- Peak revenue
- $12.6B (FY2025)
- Years of data
- 10
- Employees
- 5,420
- How many employees does Cincinnati Financial have?
- Cincinnati Financial has about 5,420 employees.
Financial Analysis
Revenue climbed from $6.563 billion in 2022, a year depressed by equity losses, to $11.337 billion in 2024 and $12.631 billion in 2025. Full-year 2025 net income was $2.393 billion ($15.17 per share) and non-GAAP operating income was $1.254 billion ($7.95 per share). The property-casualty combined ratio was 94.9%, 1.5 points worse than 2024, and book value per share ended 2025 at a record $102.35 on $15.9 billion of shareholders' equity. In the first half of 2026, revenue was $7.137 billion and net income $1.529 billion; book value reached $108.64 per share at June 30, 2026. The board raised the quarterly dividend 8% to $0.94 in January 2026.
Revenue Trend Analysis
YoY Change
+11.4%
9-Year CAGR
+9.8%
Peak Year
2025
Trend
Mostly Growing
Cincinnati Financial Corporation has 10 full fiscal year figures on this page, compounding at +9.8% annually over 9 years. The most recent year saw a 11.4% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at $12.6B. Of 9 comparable year-over-year steps, 6 showed growth and 3 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change | Source |
|---|---|---|---|---|
| FY2025 | $12.6B | — | +11.4% | data.sec.gov Revenue reached $12.631 billion in FY2025. |
| FY2024 | $11.3B | — | +13.2% | data.sec.gov Revenue increased to $11.337 billion. |
| FY2023 | $10B | — | +52.6% | data.sec.gov Revenue rebounded to $10.013 billion. |
| FY2022 | $6.6B | — | -31.8% | data.sec.gov Revenue was $6.563 billion, reflecting investment-market pressure on total revenues. |
| FY2021 | $9.6B | — | +27.7% | data.sec.gov Revenue rose to $9.626 billion. |
| FY2020 | $7.5B | — | -4.9% | data.sec.gov Revenue was $7.536 billion. |
| FY2019 | $7.9B | $2B | +46.6% | Cincinnati Financial Corporation annual report (Form 10-K, SEC EDGAR, filed 2022-02-24) Fiscal year ended 2019-12-31. |
| FY2018 | $5.4B | $287M | -5.7% | Cincinnati Financial Corporation annual report (Form 10-K, SEC EDGAR, filed 2021-02-25) Fiscal year ended 2018-12-31. |
| FY2017 | $5.7B | $1B | +5.2% | Cincinnati Financial Corporation annual report (Form 10-K, SEC EDGAR, filed 2020-02-25) Fiscal year ended 2017-12-31. |
| FY2016 | $5.4B | $591M | — | Cincinnati Financial Corporation annual report (Form 10-K, SEC EDGAR, filed 2019-02-22) Fiscal year ended 2016-12-31. |
Click any row to see year details.
Cincinnati Financial Corporation balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest. In some years total assets exceed liabilities plus shareholders' equity because the company reported redeemable preferred stock or non-controlling interests outside both.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Total liabilities | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| FY2025ended Dec 31, 2025 | $3.1B | $20M | $41B | $25.1B | $15.9B | $3.1B | Form 10-K |
| FY2024ended Dec 31, 2024 | $2.6B | $22M | $36.5B | $22.6B | $13.9B | $2.6B | Form 10-K |
| FY2023ended Dec 31, 2023 | $2.1B | $18M | $32.8B | $20.7B | $12.1B | $2B | Form 10-K |
| FY2022ended Dec 31, 2022 | $2.1B | $15M | $29.7B | $19.2B | $10.6B | $2B | Form 10-K |
| FY2021ended Dec 31, 2021 | $2B | $15M | $31.4B | $18.3B | $12.8B | $2B | Form 10-K |
| FY2020ended Dec 31, 2020 | $1.5B | $20M | $27.5B | $16.8B | $10.8B | $1.5B | Form 10-K |
| FY2019ended Dec 31, 2019 | $1.2B | $24M | $25.4B | $15.5B | $9.9B | $1.2B | Form 10-K |
| FY2018ended Dec 31, 2018 | $1.2B | $20M | $21.9B | $14.1B | $7.8B | $1.2B | Form 10-K |
| FY2017ended Dec 31, 2017 | $1.1B | $16M | $21.8B | $13.6B | $8.2B | $1B | Form 10-K |
| FY2016ended Dec 31, 2016 | $1.1B | $13M | $20.4B | $13.3B | $7.1B | $1.1B | Form 10-K |
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Cincinnati Financial Revenue and Financial FAQ
What was Cincinnati Financial's total annual revenue in recent fiscal years?
Cincinnati Financial Corporation reported revenue of $12.6 billion for fiscal year 2025, up from $11.3 billion in fiscal 2024.
What is Cincinnati Financial's dividend track record?
The October 2026 payment completes 66 consecutive years of higher annual cash dividends. The quarterly dividend is $0.94, or $3.76 annualized, after an 8% increase in January 2026.
What was Cincinnati Financial's 2025 net income and operating income?
Net income was $2.393 billion ($15.17 per share) and non-GAAP operating income $1.254 billion ($7.95 per share). Investment income rose 14%.
What is Cincinnati Financial's book value per share?
Book value was a record $102.35 per share at December 31, 2025 and $108.64 at June 30, 2026.
What is Cincinnati Financial's market capitalization?
About $25 billion in late September 2026, with shares near $159 on September 30, 2026.
What was Cincinnati Financial's 2025 combined ratio?
The property-casualty combined ratio was 94.9% in 2025, 1.5 points higher than 2024, and 85.2% in the fourth quarter.
How did Cincinnati Financial do in the first half of 2026?
Revenue was $7.137 billion and net income $1.529 billion; Q2 operating income fell to $224 million on higher catastrophe losses.
What is Cincinnati Financial's capital allocation strategy regarding share repurchases?
Capital goes first to supporting premium growth and the dividend, with buybacks as an additional lever. In the second quarter of 2026 the company paid $143 million in dividends and repurchased $216 million of stock.
Is Cincinnati Financial a Dividend King?
Yes, it is highly legendary on Wall Street for its extreme financial conservatism, having consistently increased its massive cash dividend payout to shareholders every single year for over 60 consecutive years.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Cincinnati Financial Revenue & Financials." CorpDigest, https://corpdigest.com/company/cincinnati-financial/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Cincinnati Financial reported $12.6B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/cincinnati-financial/financials" target="_blank" rel="noopener">CorpDigest — Cincinnati Financial financials</a></div>Related Financial Audits
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