Cincinnati Financial Corporation Announces Regular Quarterly Cash Dividends | Ohio

CINCINNATI, May 10, 2021 / PRNewswire / – Cincinnati Financial Corporation (Nasdaq: CINF) announced this at its regular meeting on May 8, 2021the board of directors declared a 63 cents-per share regular quarterly cash dividend. The dividend is payable July 15, 2021to the registered shareholders June 17, 2021.

Steven J. JohnstonThe Chairman, President and Chief Executive Officer stated, “We manage capital to support the profitable growth of our business while consistently returning capital to shareholders, primarily through dividends. Our record 60 years of dividend increases reflects continued improvement and diversification by contradicting our insurance business over time, combined with exceptional financial flexibility. “

About Cincinnati Financial

Cincinnati Financial Corporation primarily offers business, home and auto insurance through the Cincinnati Insurance Company and its two standard property and casualty insurance companies. The same local independent insurance agencies that market these policies may offer products from our other subsidiaries including life insurance, annuity insurance, and property and casualty insurance with excess lines. More information about the company can be found at

Postal address:


P.O. Box 145496

6200 South Gilmore Road

Cincinnati, Ohio 45250-5496

Fairfield, Ohio 45014-5141

Safe Harbor Statement

This is our “safe harbor” statement under the Private Securities Litigation Reform Act of 1995. Our business is subject to risks and uncertainties that could cause actual results to differ materially from those proposed in the forward-looking statements in this report. Some of these risks and uncertainties are discussed in our 2020 Annual Report on Form 10-K, Item 1A, Risk Factors, page 34.

Factors that may cause or contribute to such differences include, but are not limited to:

  • Effects of the COVID-19 pandemic, which may affect results for the following reasons:
    • Disruptions or volatility in the securities market and related effects such as decreased economic activity affecting the company’s investment portfolio and book value
    • An unusually high level of damage in our insurance or reinsurance business that increases the cost of litigation
    • An unusually high level of insurance loss, including the risk of laws or court rulings extending business interruption insurance on commercial property coverage forms to cover claims for pure economic losses related to the COVID-19 pandemic
    • Decreased premium income and cash flow due to disruptions in our independent agent sales channel, consumer self-isolation, travel restrictions, business restrictions and reduced economic activity
    • Inability of our employees, agencies or suppliers to perform the required business functions
  • Ongoing developments in insurance claims and business disputes related to the COVID-19 pandemic that will affect our estimates of losses and loss adjustment expenses or our ability to reasonably assess such losses, such as:
    • The ongoing duration of the pandemic and government measures to limit the spread of the virus, which can cause additional economic losses
    • The number of policyholders who will ultimately file claims or file lawsuits
    • The lack of submitted proof of loss for allegedly covered claims
    • Judgments in similar litigation involving other insurance companies
    • Differences in state laws and in the development of case law in the relatively few decisions made so far
    • Litigation, including various legal theories put forward by policyholders
    • Whether and to what extent a class of policyholders can be certified
    • The inherent unpredictability of litigation
  • Unusually high catastrophe losses due to concentrations of risk, weather changes, environmental events, terrorist attacks or other causes
  • Increased frequency and / or severity of claims or development of claims that are unforeseen at the time the policy is issued
  • Insufficient estimates, assumptions, or reliance on third-party data used in critical accounting estimates
  • Declines in total stock market values ​​have a negative impact on the stock portfolio and the book value of the company
  • Persistently low interest rates or other factors that limit the company’s ability to achieve growth in investment income or fluctuations in interest rates that result in a decline in the value of fixed-term investments, including a decline in the accounts in which we hold life insurance contract assets
  • Domestic and global events leading to uncertainty in the capital market or credit market, followed by lengthy periods of economic instability or recession leading to:
    • Significant or persistent decrease in the fair value of a particular security or group of securities and decrease in the value of the asset (s)
    • Significant decrease in investment income due to reduced or eliminated dividend distributions from a specific security or group of securities
    • Significant increase in losses from guarantee and board of directors and board of directors contracts for financial institutions or other insured companies
  • Our inability to integrate Cincinnati Global and its subsidiaries into our day-to-day operations, or disruption to our day-to-day operations as a result of such integration
  • Recession or other economic conditions result in lower demand for insurance products or increased payment defaults
  • Difficulties with breaches of technology or data security, including cyberattacks, that could adversely affect our business ability; disrupt our relationships with agents, policyholders and others; Cause reputational damage, reduction costs and data loss and expose us to liability under federal and state laws
  • Disruption of the insurance market by technological innovations such as driverless cars that could reduce consumer demand for insurance products
  • Delays, inadequate data developed internally or by third parties, or poor performance due to the ongoing development and implementation of drawing and pricing methods, including telematics and other usage-based insurance methods, or technology projects and improvements that increase our pricing accuracy, drawing profit and drawing accuracy aim to be competitive
  • Increased competition, which could lead to a significant reduction in the company’s premium volume
  • Changing consumer insurance buying habits and consolidating independent insurance agencies that could change our competitive advantage
  • Inability to obtain adequate ceded reinsurance on acceptable terms, the amount of reinsurance coverage acquired, the financial strength of reinsurers and the potential for non-payment or delay in payment by reinsurers
  • The inability to defer policy acquisition costs for a line of business when price and loss trends led management to conclude that that segment could not achieve sustainable profitability
  • Inability of our subsidiaries to pay dividends that are current or past levels
  • Events or conditions that weaken or affect the company’s relationships with its independent agencies and could make it difficult to add new agencies, thereby limiting the company’s growth opportunities, such as:
    • Company’s financial strength ratings downgrade
    • Concern that the company is too difficult to do business with
    • The perception that the company’s level of service, especially the service offering, is no longer a differentiator on the market
    • Inability or unwillingness to develop and introduce nimble product updates and innovations that our competitors offer and consumers expect in the marketplace
  • Actions by insurance departments, attorneys general, or other regulatory agencies, including a change in a federal regulatory system from a state system, that:
    • Make new commitments on us that will increase our spending or change the assumptions on which our critical estimates are based
    • Put the insurance industry under closer government scrutiny or lead to new laws, rules and regulations
    • Limit our ability to exit or reduce fonts from unprofitable coverages or lines of business
    • Adding ratings for guarantee funds, other insurance-related ratings, or mandatory reinsurance arrangements; or that affect our ability to recover such assessments through future surcharges or other rate changes
    • Increase our federal income tax provision due to changes in tax law
    • Increase our other costs
    • Limit our ability to set fair, reasonable, and reasonable prices
    • Put us at a disadvantage in the market
    • Limit our ability to run our business model, including the way we compensate agents
  • Unwanted results from litigation or administrative proceedings
  • Events or actions, including the unauthorized intentional circumvention of controls, that affect the future ability of the company to maintain effective internal control over financial reporting under the Sarbanes-Oxley Act of 2002
  • Unexpected departure of certain officers or other key employees due to retirement, health or other causes that could interrupt progress toward important strategic goals or affect the effectiveness of certain long-term relationships with insurance agents and others
  • Events such as an epidemic, natural disaster or terrorism could affect our ability to assemble our workforce at our headquarters

In addition, the company’s insurance businesses are exposed to the effects of changing social, global, economic and regulatory conditions. Public and regulatory initiatives have included efforts to adversely affect and limit premium rates, limit the ability to cancel policies, impose underwriting standards, and expand general regulation. The company is also subject to public and regulatory initiatives that may affect the market value of its common stock, such as: B. Actions Affecting Financial Reporting and Corporate Governance. The final changes and possible effects of these initiatives are uncertain.

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SOURCE Cincinnati Financial Corporation

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