Cincinnati Financial Corporation

  • Overview

Cincinnati Financial Corporation (CFC) serves up a whole menu of insurance -- plain and simple or with extras if you like. The company's flagship Cincinnati Insurance (operating through three property/casualty subsidiaries) sells commercial property, liability, excess and surplus, auto, bond, and fire insurance; personal lines include homeowners, auto, and liability products. Subsidiary Cincinnati Life sells life, disability income, and annuities. The company's CFC Investment subsidiary provides commercial financing, leasing, and real estate services to its independent insurance agents.

In 2012 the company reported revenue of $4.1 billion, up about 8% from the prior year. Earned premiums rose 10% that year, which was enough to offset a a steep decline in realized investment gains. Net income jumped more than 150% on improved property casualty underwriting results, including more than $40 million from lower natural catastrophe losses.

CFC markets its policies in 39 states. The company writes some 20% of its business in Ohio, and is strong in Illinois, Indiana, and Pennsylvania. Its commercial lines segment targets primarily small to midsized businesses. CFC has tied its growth to expanding the territories it markets in, and increasing the number of new agencies with which it strikes new relationships. Following that strategy, since 2008 it has moved into Colorado, Connecticut, Oregon, Texas, and Wyoming.

The company maintains a force of some 1,300 field associates who provide local service to the distributing independent agencies and policy holders. Its claims management system employs a team of field claims associates and a special investigations unit assigned to detect fraud.

New products are another means to growth for the company. In 2008 it created The Cincinnati Specialty Underwriters Insurance Company to offer excess and surplus lines of coverage. It then created a brokerage, CSU Producer Resources, to distribute the excess and surplus products to its existing network of independent agents.

The founding Schiff family, including brothers John and Thomas Schiff who serve as directors, owns about 14% of CFC.

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Cincinnati Financial Corporation


6200 S Gilmore Rd
Fairfield, OH 45014-5141
Phone: 1 (513) 870-2000
Fax: 1 (513) 8702900
www.cinfin.com

STATS


  • Employer Type: Public
  • Stock Symbol: CINF,
  • Stock Exchange: , NASDAQ
  • President, CEO, and Director: Steven Johnston
  • SVP, CFO, and Treasurer: Michael Sewell
  • Chairman: Kenneth Stecher

Major Office Locations

  • Fairfield, OH

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