Cincinnati Financial Corporation
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' compensa… Read more
Cincinnati Financial Corporation (CINF) - Net Assets
Latest net assets as of December 2025: $15.91 Billion USD
Based on the latest financial reports, Cincinnati Financial Corporation (CINF) has net assets worth $15.91 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($41.00 Billion) and total liabilities ($25.09 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $15.91 Billion |
| % of Total Assets | 38.81% |
| Annual Growth Rate | 9.2% |
| 5-Year Change | 21.41% |
| 10-Year Change | 125.37% |
| Growth Volatility | 15.33 |
Cincinnati Financial Corporation - Net Assets Trend (1985–2025)
This chart illustrates how Cincinnati Financial Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Cincinnati Financial Corporation (1985–2025)
The table below shows the annual net assets of Cincinnati Financial Corporation from 1985 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $15.91 Billion | +14.18% |
| 2024-12-31 | $13.94 Billion | +15.18% |
| 2023-12-31 | $12.10 Billion | +14.54% |
| 2022-12-31 | $10.56 Billion | -19.40% |
| 2021-12-31 | $13.11 Billion | +21.47% |
| 2020-12-31 | $10.79 Billion | +9.38% |
| 2019-12-31 | $9.86 Billion | +25.93% |
| 2018-12-31 | $7.83 Billion | -4.97% |
| 2017-12-31 | $8.24 Billion | +16.76% |
| 2016-12-31 | $7.06 Billion | +9.85% |
| 2015-12-31 | $6.43 Billion | -2.22% |
| 2014-12-31 | $6.57 Billion | +8.29% |
| 2013-12-31 | $6.07 Billion | +11.31% |
| 2012-12-31 | $5.45 Billion | +7.87% |
| 2011-12-31 | $5.05 Billion | +0.46% |
| 2010-12-31 | $5.03 Billion | +5.71% |
| 2009-12-31 | $4.76 Billion | +13.82% |
| 2008-12-31 | $4.18 Billion | -29.47% |
| 2007-12-31 | $5.93 Billion | -12.91% |
| 2006-12-31 | $6.81 Billion | +11.86% |
| 2005-12-31 | $6.09 Billion | -2.61% |
| 2004-12-31 | $6.25 Billion | +0.73% |
| 2003-12-31 | $6.20 Billion | +12.09% |
| 2002-12-31 | $5.54 Billion | -7.72% |
| 2001-12-31 | $6.00 Billion | +0.05% |
| 2000-12-31 | $6.00 Billion | +10.58% |
| 1999-12-31 | $5.42 Billion | -3.55% |
| 1998-12-31 | $5.62 Billion | +19.16% |
| 1997-12-31 | $4.72 Billion | +49.13% |
| 1996-12-31 | $3.16 Billion | +19.00% |
| 1995-12-31 | $2.66 Billion | +37.01% |
| 1994-12-31 | $1.94 Billion | -0.37% |
| 1993-12-31 | $1.95 Billion | +13.63% |
| 1992-12-31 | $1.71 Billion | +18.90% |
| 1991-12-31 | $1.44 Billion | +43.15% |
| 1990-12-31 | $1.01 Billion | -1.31% |
| 1989-12-31 | $1.02 Billion | +25.10% |
| 1988-12-31 | $815.60 Million | +28.66% |
| 1987-12-31 | $633.90 Million | +9.26% |
| 1986-12-31 | $580.20 Million | +23.37% |
| 1985-12-31 | $470.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Cincinnati Financial Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 6794.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $16.72 Billion | 105.08% |
| Common Stock | $397.00 Million | 2.50% |
| Other Comprehensive Income | $-34.00 Million | -0.21% |
| Total Equity | $15.91 Billion | 100.00% |
Cincinnati Financial Corporation Competitors by Market Cap
The table below lists competitors of Cincinnati Financial Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chubb Limited
SA:C1BL34
|
$25.25 Billion |
|
Komatsu Ltd
PINK:KMTUF
|
$25.29 Billion |
|
Hindustan Unilever Limited
NSE:HINDUNILVR
|
$25.41 Billion |
|
Fanuc Corporation
PINK:FANUF
|
$25.42 Billion |
|
Orange S.A.
PINK:ORANY
|
$25.13 Billion |
|
Northern Trust Corporation
NASDAQ:NTRS
|
$25.09 Billion |
|
Pembina Pipeline Corp
NYSE:PBA
|
$25.06 Billion |
|
Tractor Supply Company
NASDAQ:TSCO
|
$25.02 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cincinnati Financial Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 13,935,000,000 to 15,911,000,000, a change of 1,976,000,000 (14.2%).
- Net income of 2,393,000,000 contributed positively to equity growth.
- Dividend payments of 525,000,000 reduced retained earnings.
- Share repurchases of 205,000,000 reduced equity.
- Other comprehensive income increased equity by 275,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.39 Billion | +15.04% |
| Dividends Paid | $525.00 Million | -3.3% |
| Share Repurchases | $205.00 Million | -1.29% |
| Other Comprehensive Income | $275.00 Million | +1.73% |
| Other Changes | $38.00 Million | +0.24% |
| Total Change | $- | 14.18% |
Book Value vs Market Value Analysis
This analysis compares Cincinnati Financial Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.63x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 57.99x to 1.63x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $2.84 | $164.77 | x |
| 1986-12-31 | $3.46 | $164.77 | x |
| 1987-12-31 | $3.80 | $164.77 | x |
| 1988-12-31 | $4.59 | $164.77 | x |
| 1989-12-31 | $5.65 | $164.77 | x |
| 1990-12-31 | $5.59 | $164.77 | x |
| 1991-12-31 | $7.95 | $164.77 | x |
| 1992-12-31 | $9.30 | $164.77 | x |
| 1993-12-31 | $10.38 | $164.77 | x |
| 1994-12-31 | $10.32 | $164.77 | x |
| 1995-12-31 | $13.93 | $164.77 | x |
| 1996-12-31 | $16.55 | $164.77 | x |
| 1997-12-31 | $25.05 | $164.77 | x |
| 1998-12-31 | $29.63 | $164.77 | x |
| 1999-12-31 | $29.10 | $164.77 | x |
| 2000-12-31 | $33.17 | $164.77 | x |
| 2001-12-31 | $33.50 | $164.77 | x |
| 2002-12-31 | $31.11 | $164.77 | x |
| 2003-12-31 | $34.76 | $164.77 | x |
| 2004-12-31 | $35.03 | $164.77 | x |
| 2005-12-31 | $34.36 | $164.77 | x |
| 2006-12-31 | $38.80 | $164.77 | x |
| 2007-12-31 | $34.44 | $164.77 | x |
| 2008-12-31 | $25.60 | $164.77 | x |
| 2009-12-31 | $29.23 | $164.77 | x |
| 2010-12-31 | $30.83 | $164.77 | x |
| 2011-12-31 | $30.96 | $164.77 | x |
| 2012-12-31 | $33.32 | $164.77 | x |
| 2013-12-31 | $36.70 | $164.77 | x |
| 2014-12-31 | $39.81 | $164.77 | x |
| 2015-12-31 | $38.81 | $164.77 | x |
| 2016-12-31 | $42.40 | $164.77 | x |
| 2017-12-31 | $49.66 | $164.77 | x |
| 2018-12-31 | $47.62 | $164.77 | x |
| 2019-12-31 | $59.75 | $164.77 | x |
| 2020-12-31 | $66.43 | $164.77 | x |
| 2021-12-31 | $80.55 | $164.77 | x |
| 2022-12-31 | $66.51 | $164.77 | x |
| 2023-12-31 | $76.52 | $164.77 | x |
| 2024-12-31 | $88.31 | $164.77 | x |
| 2025-12-31 | $100.86 | $164.77 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cincinnati Financial Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 15.04%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.95%
- • Asset Turnover: 0.31x
- • Equity Multiplier: 2.58x
- Recent ROE (15.04%) is above the historical average (9.76%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 11.16% | 8.64% | 0.48x | 2.67x | $5.47 Million |
| 1986 | 14.39% | 10.76% | 0.50x | 2.68x | $25.48 Million |
| 1987 | 14.31% | 10.27% | 0.49x | 2.83x | $27.31 Million |
| 1988 | 15.78% | 14.05% | 0.43x | 2.60x | $47.14 Million |
| 1989 | 11.22% | 11.75% | 0.38x | 2.50x | $12.47 Million |
| 1990 | 12.81% | 12.30% | 0.41x | 2.57x | $28.31 Million |
| 1991 | 10.15% | 12.60% | 0.34x | 2.38x | $2.16 Million |
| 1992 | 10.00% | 13.14% | 0.32x | 2.35x | $-55.00K |
| 1993 | 11.09% | 14.98% | 0.31x | 2.36x | $21.29 Million |
| 1994 | 10.37% | 13.30% | 0.32x | 2.44x | $7.23 Million |
| 1995 | 8.55% | 13.73% | 0.27x | 2.30x | $-38.45 Million |
| 1996 | 7.07% | 12.37% | 0.26x | 2.23x | $-92.53 Million |
| 1997 | 6.35% | 15.41% | 0.20x | 2.01x | $-172.32 Million |
| 1998 | 4.30% | 11.76% | 0.19x | 1.97x | $-320.53 Million |
| 1999 | 4.70% | 11.98% | 0.18x | 2.18x | $-287.13 Million |
| 2000 | 1.97% | 5.06% | 0.18x | 2.22x | $-481.50 Million |
| 2001 | 3.22% | 7.54% | 0.18x | 2.32x | $-406.80 Million |
| 2002 | 4.25% | 8.37% | 0.20x | 2.51x | $-321.80 Million |
| 2003 | 6.03% | 11.76% | 0.21x | 2.50x | $-246.40 Million |
| 2004 | 9.35% | 16.16% | 0.22x | 2.58x | $-40.90 Million |
| 2005 | 9.89% | 15.98% | 0.24x | 2.63x | $-6.60 Million |
| 2006 | 13.66% | 20.44% | 0.26x | 2.53x | $249.20 Million |
| 2007 | 14.42% | 20.08% | 0.26x | 2.81x | $262.10 Million |
| 2008 | 10.26% | 11.22% | 0.29x | 3.20x | $10.80 Million |
| 2009 | 9.08% | 11.07% | 0.27x | 3.03x | $-44.00 Million |
| 2010 | 7.45% | 9.94% | 0.25x | 3.00x | $-128.20 Million |
| 2011 | 3.24% | 4.31% | 0.24x | 3.10x | $-341.50 Million |
| 2012 | 7.72% | 10.24% | 0.25x | 3.03x | $-124.30 Million |
| 2013 | 8.52% | 11.41% | 0.26x | 2.91x | $-90.00 Million |
| 2014 | 7.99% | 10.62% | 0.26x | 2.85x | $-132.30 Million |
| 2015 | 9.86% | 12.33% | 0.27x | 2.94x | $-8.70 Million |
| 2016 | 8.37% | 10.85% | 0.27x | 2.89x | $-115.00 Million |
| 2017 | 12.68% | 18.23% | 0.26x | 2.65x | $220.70 Million |
| 2018 | 3.66% | 5.31% | 0.25x | 2.80x | $-496.30 Million |
| 2019 | 20.25% | 25.20% | 0.31x | 2.58x | $1.01 Billion |
| 2020 | 11.27% | 16.14% | 0.27x | 2.55x | $137.10 Million |
| 2021 | 22.65% | 30.83% | 0.31x | 2.40x | $1.66 Billion |
| 2022 | -4.61% | -7.42% | 0.22x | 2.81x | $-1.54 Billion |
| 2023 | 15.23% | 18.41% | 0.31x | 2.71x | $633.20 Million |
| 2024 | 16.45% | 20.22% | 0.31x | 2.62x | $898.50 Million |
| 2025 | 15.04% | 18.95% | 0.31x | 2.58x | $801.90 Million |
Industry Comparison
This section compares Cincinnati Financial Corporation's net assets metrics with peer companies in the Insurance - Property & Casualty industry.
Industry Context
- Industry: Insurance - Property & Casualty
- Average net assets among peers: $3,948,110,200
- Average return on equity (ROE) among peers: 16.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cincinnati Financial Corporation (CINF) | $15.91 Billion | 11.16% | 1.58x | $25.17 Billion |
| American Coastal Insurance Corp (ACIC) | $45.29 Million | -2.04% | 3.72x | $250.00 Million |
| American Financial Group Inc (AFG) | $1.95 Billion | -0.76% | 7.91x | $8.54 Billion |
| AmTrust Financial Services Inc Pref Series A (AFSIA) | $118.83 Million | 11.87% | 3.19x | $1.69 Billion |
| Aspen Insurance Holdings Limited (AHL) | $2.39 Billion | 15.82% | 1.78x | $14.67 Million |
| American Integrity Insurance Group, Inc. (AII) | $337.02 Million | 29.56% | 2.63x | $227.08 Million |
| Assurant Inc (AIZ) | $3.37 Billion | 2.66% | 6.24x | $10.74 Billion |
| The Allstate Corporation (ALL) | $30.61 Billion | 33.59% | 2.91x | $53.61 Billion |
| Admiral Group plc (AMIGF) | $68.95 Million | 44.87% | 4.47x | $10.33 Billion |
| Ategrity Specialty Insurance Company Holdings (ASIC) | $398.81 Million | 11.81% | 1.82x | $155.46 Million |
| Bowhead Specialty Holdings Inc. (BOW) | $192.08 Million | 13.04% | 4.35x | $707.67 Million |