Cincinnati Financial Corporation

Supplemental Financial Data

for the period ending June 30, 2025

6200 South Gilmore Road

Fairfield, Ohio 45014-5141

cinfin.com

Investor Contact:	Media Contact:	Shareholder Contact:
Dennis E. McDaniel	Betsy E. Ertel	Brandon McIntosh
513-870-2768	513-603-5323	513-870-2696

	A.M. Best Company	Fitch Ratings	Moody's Investor Service	S&P Global Ratings
Cincinnati Financial Corporation
Corporate Debt	a	A-	A3	BBB+
The Cincinnati Insurance Companies
Insurer Financial Strength
Property Casualty Group
Standard Market Subsidiaries:	A+	—	A1	A+
The Cincinnati Insurance Company	A+	A+	A1	A+
The Cincinnati Indemnity Company	A+	A+	A1	A+
The Cincinnati Casualty Company	A+	A+	A1	A+
Surplus Lines Subsidiary:
The Cincinnati Specialty Underwriters Insurance Company	A+	—	—	—
The Cincinnati Life Insurance Company	A+	A+	—	A+

Ratings are as of July 25, 2025, under continuous review and subject to change and/or affirmation. For the current ratings, select Financial Strength under About on cinfin.com.

The consolidated financial statements and financial exhibits that follow are unaudited. These consolidated financial statements and exhibits should be read in conjunction with the consolidated financial statements and notes included with our periodic filings with the U.S. Securities and Exchange Commission. The results of operations for interim periods may not be indicative of results to be expected for the full year.

CINF Second-Quarter 2025 Supplemental Financial Data

1

	Cincinnati Financial Corporation
	Supplemental Financial Data
	for the period ending June 30, 2025
		Page
	Definitions of Non-GAAP Information and Reconciliation to Comparable GAAP Measures	3
Consolidated
	CFC and Subsidiaries Consolidation – Six Months Ended June 30, 2025	4
	CFC and Subsidiaries Consolidation – Three Months Ended June 30, 2025	5
Consolidated Property Casualty Insurance Operations
	Losses Incurred Detail	6
	Loss Ratio Detail	7
	Loss Claim Count Detail	8
	Quarterly Property Casualty Data – Commercial Lines	9
	Quarterly Property Casualty Data – Personal Lines and Excess & Surplus Lines	10
	Loss and Loss Expense Analysis – Six Months Ended June 30, 2025	11
	Loss and Loss Expense Analysis – Three Months Ended June 30, 2025	12
Reconciliation Data
	Quarterly Property Casualty Data – Consolidated	13
	Quarterly Property Casualty Data – Commercial Lines	14
	Quarterly Property Casualty Data – Personal Lines	15
	Quarterly Property Casualty Data – Excess & Surplus Lines	16
Statutory Statements of Income
	Consolidated Cincinnati Insurance Companies Statutory Statements of Income	17
	The Cincinnati Life Insurance Company Statutory Statements of Income	18
Other
	Quarterly Data – Other	19

CINF Second-Quarter 2025 Supplemental Financial Data

2

Definitions of Non-GAAP Information and

Reconciliation to Comparable GAAP Measures

Cincinnati Financial Corporation prepares its public financial statements in conformity with accounting principles generally accepted in the United States of America (GAAP). Statutory data is prepared in accordance with statutory accounting rules for insurance company regulation in the United States of America as defined by the National Association of Insurance Commissioners’ (NAIC) Accounting Practices and Procedures Manual, and therefore is not reconciled to GAAP data.

Management uses certain non-GAAP financial measures to evaluate its primary business areas – property casualty insurance, life insurance and investments. Management uses these measures when analyzing both GAAP and non-GAAP results to improve its understanding of trends in the underlying business and to help avoid incorrect or misleading assumptions and conclusions about the success or failure of company strategies. Management adjustments to GAAP measures generally: apply to non-recurring events that are unrelated to business performance and distort short-term results; involve values that fluctuate based on events outside of management’s control; supplement reporting segment disclosures with disclosures for a subsidiary company or for a combination of subsidiaries or reporting segments; or relate to accounting refinements that affect comparability between periods, creating a need to analyze data on the same basis.

•Non-GAAP operating income: Non-GAAP operating income is calculated by excluding investment gains and losses (defined as investment gains and losses after applicable federal and state income taxes) and other significant non-recurring items from net income. Management evaluates non-GAAP operating income to measure the success of pricing, rate and underwriting strategies. While investment gains (or losses) are integral to the company’s insurance operations over the long term, the determination to realize investment gains or losses on fixed-maturity securities sold in any period may be subject to management’s discretion and is independent of the insurance underwriting process. Also, under applicable GAAP accounting requirements, gains and losses are recognized from certain changes in market values of securities without actual realization. Management believes that the level of investment gains or losses for any particular period, while it may be material, may not fully indicate the performance of ongoing underlying business operations in that period.

For these reasons, many investors and shareholders consider non-GAAP operating income to be one of the more meaningful measures for evaluating insurance company performance. Equity analysts who report on the insurance industry and the company generally focus on this metric in their analyses. The company presents non-GAAP operating income so that all investors have what management believes to be a useful supplement to GAAP information.

•    Consolidated property casualty insurance results: To supplement reporting segment disclosures related to our property casualty insurance operations, we also evaluate results for those operations on a basis that includes results for our property casualty insurance and brokerage services subsidiaries. That is the total of our commercial lines, personal lines and our excess and surplus lines segments plus our reinsurance assumed operations known as Cincinnati Re and our London-based global specialty underwriter known as Cincinnati Global.

•Life insurance subsidiary results: To supplement life insurance reporting segment disclosures related to our life insurance operation, we also evaluate results for that operation on a basis that includes life insurance subsidiary investment income, or investment income plus investment gains and losses, that are also included in our investments reporting segment. We recognize that assets under management, capital appreciation and investment income are integral to evaluating the success of the life insurance segment because of the long duration of life products.

Other Measures

•    Value creation ratio: This is a measure of shareholder value creation that management believes captures the contribution of the company’s insurance operations, the success of its investment strategy and the importance placed on paying cash dividends to shareholders. The value creation ratio measure is made up of two primary components: (1) rate of growth in book value per share plus (2) the ratio of dividends declared per share to beginning book value per share. Management believes this measure is useful, providing a meaningful measure of long-term progress in creating shareholder value. It is intended to be all-inclusive regarding changes in book value per share, and uses originally reported book value per share in cases where book value per share has been adjusted, such as adoption of Accounting Standards Updates with a cumulative effect of a change in accounting.

•    Statutory accounting rules: For public reporting, insurance companies prepare financial statements in accordance with GAAP. However, insurers also must calculate certain data according to statutory accounting rules for insurance company regulation in the United States of America as defined in the NAIC’s Accounting Practices and Procedures Manual, which may be, and has been, modified by various state insurance departments and differ from GAAP. Statutory data is publicly available, and various organizations use it to calculate aggregate industry data, study industry trends and compare insurance companies.

•    Written premium: Under statutory accounting rules in the U.S., property casualty written premium is the amount recorded for policies issued and recognized on an annualized basis at the effective date of the policy. Management analyzes trends in written premium to assess business efforts. The difference between written and earned premium is unearned premium.

CINF Second-Quarter 2025 Supplemental Financial Data

3

Cincinnati Financial Corporation and Subsidiaries
Consolidated Statements of Income for the Six Months Ended June 30, 2025
(Dollars in millions)	CFC		CONSOL P&C		CLIC		CFC-I		ELIM		Total
Revenues
Premiums earned:
Property casualty	$	—	$	4,932	$	—	$	—	$	—	$	4,932
Life	—		—		203		—		—		203
Premiums ceded	—		(271)		(40)		—		—		(311)
Total earned premium	—		4,661		163		—		—		4,824
Investment income, net of expenses	58		410		99		—		(2)		565
Investment gains and losses, net	98		313		(5)		—		—		406
Fee revenues	—		7		3		—		—		10
Other revenues	8		5		—		5		(9)		9
Total revenues	$	164	$	5,396	$	260	$	5	$	(11)	$	5,814
Benefits & expenses
Losses & contract holders' benefits	$	—	$	3,984	$	198	$	—	$	1	$	4,183
Reinsurance recoveries	—		(510)		(44)		—		(1)		(555)
Underwriting, acquisition and insurance expenses	—		1,364		47		—		—		1,411
Interest expense	26		—		—		2		(1)		27
Other operating expenses	26		3		—		2		(10)		21
Total expenses	$	52	$	4,841	$	201	$	4	$	(11)	$	5,087
Income before income taxes	$	112	$	555	$	59	$	1	$	—	$	727
Provision (benefit) for income taxes
Current operating income (loss)	$	(20)	$	(44)	$	18	$	—	$	—	$	(46)
Capital gains/losses	21		65		(1)		—		—		85
Deferred	22		76		(5)		—		—		93
Total provision for income taxes	$	23	$	97	$	12	$	—	$	—	$	132
Net income - current year	$	89	$	458	$	47	$	1	$	—	$	595
Net income - prior year	$	223	$	801	$	43	$	—	$	—	$	1,067
*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.
Consolidated property casualty data includes results from our Cincinnati Re operations and Cincinnati Global.

CINF Second-Quarter 2025 Supplemental Financial Data

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Cincinnati Financial Corporation and Subsidiaries
Consolidated Statements of Income for the Three Months Ended June 30, 2025
(Dollars in millions)	CFC		CONSOL P&C		CLIC		CFC-I		ELIM		Total
Revenues
Premiums earned:
Property casualty	$	—	$	2,495	$	—	$	—	$	—	$	2,495
Life	—		—		104		—		—		104
Premiums ceded	—		(98)		(21)		—		—		(119)
Total earned premium	—		2,397		83		—		—		2,480
Investment income, net of expenses	29		208		49		—		(1)		285
Investment gains and losses, net	193		284		(4)		—		—		473
Fee revenues	—		3		2		—		—		5
Other revenues	4		3		—		2		(4)		5
Total revenues	$	226	$	2,895	$	130	$	2	$	(5)	$	3,248
Benefits & expenses
Losses & contract holders' benefits	$	—	$	1,599	$	104	$	—	$	1	$	1,704
Reinsurance recoveries	—		(12)		(31)		—		(1)		(44)
Underwriting, acquisition and insurance expenses	—		685		24		—		—		709
Interest expense	13		—		—		1		—		14
Other operating expenses	12		2		—		1		(5)		10
Total expenses	$	25	$	2,274	$	97	$	2	$	(5)	$	2,393
Income before income taxes	$	201	$	621	$	33	$	—	$	—	$	855
Provision (benefit) for income taxes
Current operating income (loss)	$	(40)	$	10	$	12	$	—	$	—	$	(18)
Capital gains/losses	41		59		(1)		—		—		99
Deferred	41		52		(4)		—		—		89
Total provision for income taxes	$	42	$	121	$	7	$	—	$	—	$	170
Net income - current year	$	159	$	500	$	26	$	—	$	—	$	685
Net income - prior year	$	113	$	175	$	24	$	—	$	—	$	312
*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.
Consolidated property casualty data includes results from our Cincinnati Re operations and Cincinnati Global.

CINF Second-Quarter 2025 Supplemental Financial Data

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Consolidated Property Casualty
Losses Incurred Detail
(Dollars in millions)	Three months ended														Six months ended				Nine months ended			Twelve months ended
	12/31/25	9/30/25	6/30/25		3/31/25		12/31/24		9/30/24		6/30/24		3/31/24		6/30/25		6/30/24		9/30/25	9/30/24		12/31/25	12/31/24
Consolidated
Current accident year losses greater than $5 million			$	15	$	26	$	19	$	18	$	31	$	—	$	41	$	31		$	49		$	68
Current accident year losses $2 million - $5 million			40		20		37		51		28		22		60		50			101			138
Large loss prior accident year reserve development			27		56		19		19		15		22		83		37			56			75
Total large losses incurred			$	82	$	102	$	75	$	88	$	74	$	44	$	184	$	118		$	206		$	281
Losses incurred but not reported			213		279		182		185		165		251		492		416			601			783
Other losses excluding catastrophe losses			741		688		653		711		741		677		1,429		1,418			2,129			2,782
Catastrophe losses			280		558		83		282		228		111		838		339			621			704
Total losses incurred			$	1,316	$	1,627	$	993	$	1,266	$	1,208	$	1,083	$	2,943	$	2,291		$	3,557		$	4,550
Commercial Lines
Current accident year losses greater than $5 million			$	5	$	7	$	9	$	11	$	31	$	—	$	12	$	31		$	42		$	51
Current accident year losses $2 million - $5 million			22		15		12		36		11		11		37		22			58			70
Large loss prior accident year reserve development			14		44		19		20		22		12		58		34			54			73
Total large losses incurred			$	41	$	66	$	40	$	67	$	64	$	23	$	107	$	87		$	154		$	194
Losses incurred but not reported			106		163		105		117		92		156		269		248			365			470
Other losses excluding catastrophe losses			383		318		328		337		384		368		701		752			1,089			1,417
Catastrophe losses			83		40		8		58		101		64		123		165			223			231
Total losses incurred			$	613	$	587	$	481	$	579	$	641	$	611	$	1,200	$	1,252		$	1,831		$	2,312
Personal Lines
Current accident year losses greater than $5 million			$	10	$	19	$	10	$	7	$	—	$	—	$	29	$	—		$	7		$	17
Current accident year losses $2 million - $5 million			18		5		25		13		15		11		23		26			39			64
Large loss prior accident year reserve development			13		12		—		(1)		(7)		10		25		3			2			2
Total large losses incurred			$	41	$	36	$	35	$	19	$	8	$	21	$	77	$	29		$	48		$	83
Losses incurred but not reported			37		74		22		33		31		22		111		53			86			108
Other losses excluding catastrophe losses			257		254		245		256		256		231		511		487			743			988
Catastrophe losses			186		405		(4)		178		129		50		591		179			357			353
Total losses incurred			$	521	$	769	$	298	$	486	$	424	$	324	$	1,290	$	748		$	1,234		$	1,532
Excess & Surplus Lines
Current accident year losses greater than $5 million			$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—		$	—		$	—
Current accident year losses $2 million - $5 million			—		—		—		2		2		—		—		2			4			4
Large loss prior accident year reserve development			—		—		—		—		—		—		—		—			—			—
Total large losses incurred			$	—	$	—	$	—	$	2	$	2	$	—	$	—	$	2		$	4		$	4
Losses incurred but not reported			31		46		28		12		17		30		77		47			59			87
Other losses excluding catastrophe losses			42		24		46		55		51		37		66		88			143			189
Catastrophe losses			3		—		2		2		3		1		3		4			6			8
Total losses incurred			$	76	$	70	$	76	$	71	$	73	$	68	$	146	$	141		$	212		$	288
*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. The sum of quarterly amounts may not equal the full year as each is computed independently.
Consolidated property casualty data includes results from our Cincinnati Re operations and Cincinnati Global.

CINF Second-Quarter 2025 Supplemental Financial Data

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Consolidated Property Casualty
Loss Ratio Detail
	Three months ended														Six months ended				Nine months ended			Twelve months ended
	12/31/25	9/30/25	6/30/25		3/31/25		12/31/24		9/30/24		6/30/24		3/31/24		6/30/25		6/30/24		9/30/25	9/30/24		12/31/25	12/31/24
Consolidated
Current accident year losses greater than $5 million			0.6	%	1.2	%	0.8	%	0.9	%	1.5	%	—	%	0.9	%	0.8	%		0.8	%		0.8	%
Current accident year losses $2 million - $5 million			1.7		0.9		1.5		2.3		1.4		1.1		1.3		1.2			1.6			1.6
Large loss prior accident year reserve development			1.1		2.4		0.9		0.8		0.7		1.1		1.8		0.9			0.9			0.9
Total large loss ratio			3.4	%	4.5	%	3.2	%	4.0	%	3.6	%	2.2	%	4.0	%	2.9	%		3.3	%		3.3	%
Losses incurred but not reported			8.9		12.3		8.0		8.4		8.0		12.6		10.5		10.2			9.6			9.1
Other losses excluding catastrophe losses			30.9		30.4		28.7		32.0		35.6		34.0		30.6		34.9			33.8			32.5
Catastrophe losses			11.7		24.6		3.6		12.7		11.0		5.6		18.0		8.3			9.9			8.2
Total loss ratio			54.9	%	71.8	%	43.5	%	57.1	%	58.2	%	54.4	%	63.1	%	56.3	%		56.6	%		53.1	%
Commercial Lines
Current accident year losses greater than $5 million			0.5	%	0.6	%	0.8	%	1.0	%	2.8	%	—	%	0.5	%	1.4	%		1.3	%		1.1	%
Current accident year losses $2 million - $5 million			1.8		1.2		1.0		3.2		1.0		1.0		1.5		1.0			1.7			1.5
Large loss prior accident year reserve development			1.2		3.8		1.6		1.7		2.0		1.1		2.5		1.6			1.6			1.7
Total large loss ratio			3.5	%	5.6	%	3.4	%	5.9	%	5.8	%	2.1	%	4.5	%	4.0	%		4.6	%		4.3	%
Losses incurred but not reported			8.7		13.9		9.1		10.3		8.3		14.4		11.3		11.3			11.0			10.5
Other losses excluding catastrophe losses			31.6		26.8		28.2		29.7		34.6		34.0		29.3		34.3			32.8			31.5
Catastrophe losses			6.8		3.4		0.7		5.1		9.1		6.0		5.1		7.6			6.7			5.2
Total loss ratio			50.6	%	49.7	%	41.4	%	51.0	%	57.8	%	56.5	%	50.2	%	57.2	%		55.1	%		51.5	%
Personal Lines
Current accident year losses greater than $5 million			1.3	%	2.8	%	1.4	%	1.1	%	—	%	—	%	2.0	%	—	%		0.4	%		0.7	%
Current accident year losses $2 million - $5 million			2.2		0.7		3.4		2.0		2.4		1.8		1.5		2.1			2.1			2.4
Large loss prior accident year reserve development			1.5		1.8		—		(0.2)		(1.1)		1.8		1.6		0.3			0.1			0.1
Total large loss ratio			5.0	%	5.3	%	4.8	%	2.9	%	1.3	%	3.6	%	5.1	%	2.4	%		2.6	%		3.2	%
Losses incurred but not reported			4.7		10.5		3.0		5.0		4.8		3.8		7.4		4.3			4.6			4.1
Other losses excluding catastrophe losses			32.0		36.4		33.7		37.6		40.5		39.4		34.1		39.9			39.0			37.6
Catastrophe losses			23.1		57.9		(0.4)		26.2		20.5		8.4		39.3		14.7			18.8			13.5
Total loss ratio			64.8	%	110.1	%	41.1	%	71.7	%	67.1	%	55.2	%	85.9	%	61.3	%		65.0	%		58.4	%
Excess & Surplus Lines
Current accident year losses greater than $5 million			—	%	—	%	—	%	—	%	—	%	—	%	—	%	—	%		—	%		—	%
Current accident year losses $2 million - $5 million			—		—		—		1.3		1.3		—		—		0.7			0.9			0.7
Large loss prior accident year reserve development			—		—		—		—		—		—		—		—			—			—
Total large loss ratio			—	%	—	%	—	%	1.3	%	1.3	%	—	%	—	%	0.7	%		0.9	%		0.7	%
Losses incurred but not reported			18.1		28.1		16.9		7.1		11.6		21.6		23.0		16.4			13.2			14.2
Other losses excluding catastrophe losses			24.4		14.8		27.2		35.4		33.8		26.8		19.7		30.4			32.1			30.8
Catastrophe losses			1.3		0.2		1.0		1.5		1.9		0.5		0.8		1.2			1.3			1.2
Total loss ratio			43.8	%	43.1	%	45.1	%	45.3	%	48.6	%	48.9	%	43.5	%	48.7	%		47.5	%		46.9	%
*Certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts.
Consolidated property casualty data includes results from our Cincinnati Re operations and Cincinnati Global.

CINF Second-Quarter 2025 Supplemental Financial Data

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Consolidated Property Casualty
Loss Claim Count Detail
	Three months ended								Six months ended		Nine months ended		Twelve months ended
	12/31/25	9/30/25	6/30/25	3/31/25	12/31/24	9/30/24	6/30/24	3/31/24	6/30/25	6/30/24	9/30/25	9/30/24	12/31/25	12/31/24
Consolidated
Current accident year reported losses greater    than $5 million			2	3	1	3	5	—	5	5		8		10
Current accident year reported losses    $2 million - $5 million			14	7	14	18	11	8	21	19		37		49
Prior accident year reported losses on    large losses			13	15	11	6	9	7	28	16		22		33
Non-Catastrophe reported losses on       large losses total			29	25	26	27	25	15	54	40		67		92
Commercial Lines
Current accident year reported losses greater    than $5 million			1	1	—	2	5	—	2	5		7		8
Current accident year reported losses    $2 million - $5 million			7	5	7	12	4	4	12	8		20		26
Prior accident year reported losses on    large losses			10	11	11	6	9	4	21	13		19		30
Non-Catastrophe reported losses on       large losses total			18	17	18	20	18	8	35	26		46		64
Personal Lines
Current accident year reported losses greater    than $5 million			1	2	1	1	—	—	3	—		1		2
Current accident year reported losses    $2 million - $5 million			7	2	7	5	6	4	9	10		15		21
Prior accident year reported losses on    large losses			3	4	—	—	—	3	7	3		3		3
Non-Catastrophe reported losses on       large losses total			11	8	8	6	6	7	19	13		19		26
Excess & Surplus Lines
Current accident year reported losses greater    than $5 million			—	—	—	—	—	—	—	—		—		—
Current accident year reported losses    $2 million - $5 million			—	—	—	1	1	—	—	1		2		2
Prior accident year reported losses on    large losses			—	—	—	—	—	—	—	—		—		—
Non-Catastrophe reported losses on       large losses total			—	—	—	1	1	—	—	1		2		2
*The sum of quarterly amounts may not equal the full year as each is computed independently.

CINF Second-Quarter 2025 Supplemental Financial Data

8

Quarterly Property Casualty Data - Commercial Lines
(Dollars in millions)	Three months ended																				Six months ended						Nine months ended				Twelve months ended
	12/31/25	9/30/25	6/30/25			3/31/25			12/31/24			9/30/24			6/30/24			3/31/24			6/30/25			6/30/24			9/30/25	9/30/24			12/31/25	12/31/24
Commercial casualty:
Net written premiums			$	428		$	443		$	385		$	364		$	391		$	417		$	871		$	808			$	1,172			$	1,557
Year over year change %- written premium			9		%	6		%	7		%	10		%	3		%	3		%	8		%	3		%		5		%		6		%
Earned premiums			$	402		$	387		$	390		$	381		$	372		$	365		$	789		$	737			$	1,118			$	1,508
Current accident year before catastrophe losses			72.3		%	72.8		%	72.9		%	74.1		%	69.6		%	73.6		%	72.6		%	71.6		%		72.5		%		72.6		%
Current accident year catastrophe losses			—			—			—			—			—			—			—			—				—				—
Prior accident years before catastrophe losses			(0.4)			(0.3)			(0.3)			(0.4)			7.6			0.1			(0.4)			3.9				2.4				1.7
Prior accident years catastrophe losses			—			—			—			—			—			—			—			—				—				—
Total loss and loss expense ratio			71.9		%	72.5		%	72.6		%	73.7		%	77.2		%	73.7		%	72.2		%	75.5		%		74.9		%		74.3		%
Commercial property:
Net written premiums			$	428		$	411		$	383		$	389		$	392		$	362		$	839		$	754			$	1,143			$	1,526
Year over year change %- written premium			9		%	14		%	13		%	13		%	17		%	15		%	11		%	16		%		15		%		15		%
Earned premiums			$	399		$	389		$	373		$	361		$	348		$	336		$	787		$	684			$	1,045			$	1,418
Current accident year before catastrophe losses			40.2		%	43.5		%	22.3		%	40.9		%	45.7		%	48.5		%	41.8		%	47.0		%		44.9		%		39.0		%
Current accident year catastrophe losses			21.5			13.3			7.7			16.7			28.9			21.3			17.5			25.2				22.3				18.4
Prior accident years before catastrophe losses			(9.5)			(5.3)			3.2			(7.8)			(3.9)			(4.2)			(7.4)			(4.0)				(5.4)				(3.1)
Prior accident years catastrophe losses			(0.6)			(3.6)			(2.6)			(1.3)			(2.1)			(2.5)			(2.1)			(2.3)				(1.9)				(2.1)
Total loss and loss expense ratio			51.6		%	47.9		%	30.6		%	48.5		%	68.6		%	63.1		%	49.8		%	65.9		%		59.9		%		52.2		%
Commercial auto:
Net written premiums			$	271		$	283		$	223		$	223		$	248		$	259		$	555		$	506			$	730			$	953
Year over year change %- written premium			9		%	9		%	8		%	12		%	6		%	8		%	10		%	7		%		9		%		9		%
Earned premiums			$	247		$	241		$	237		$	231		$	228		$	220		$	489		$	448			$	679			$	916
Current accident year before catastrophe losses			65.0		%	68.6		%	65.5		%	66.7		%	67.9		%	70.0		%	66.8		%	68.9		%		68.2		%		67.5		%
Current accident year catastrophe losses			0.8			1.8			(3.3)			2.2			4.4			1.6			1.3			3.0				2.7				1.2
Prior accident years before catastrophe losses			7.2			2.9			2.4			0.2			(3.8)			(0.8)			5.1			(2.4)				(1.5)				(0.5)
Prior accident years catastrophe losses			(0.1)			(0.1)			(0.2)			—			—			(0.1)			(0.1)			—				—				(0.1)
Total loss and loss expense ratio			72.9		%	73.2		%	64.4		%	69.1		%	68.5		%	70.7		%	73.1		%	69.5		%		69.4		%		68.1		%
Workers' compensation:
Net written premiums			$	57		$	79		$	54		$	56		$	55		$	79		$	135		$	134			$	190			$	244
Year over year change %- written premium			4		%	—		%	(5)		%	(2)		%	(15)		%	(4)		%	1		%	(9)		%		(6)		%		(6)		%
Earned premiums			$	60		$	61		$	60		$	61		$	59		$	61		$	121		$	120			$	182			$	242
Current accident year before catastrophe losses			97.0		%	95.5		%	87.9		%	88.2		%	86.5		%	91.5		%	96.2		%	89.0		%		88.8		%		88.5		%
Current accident year catastrophe losses			—			—			—			—			—			—			—			—				—				—
Prior accident years before catastrophe losses			(27.8)			(18.6)			(44.4)			(26.7)			(46.9)			(19.3)			(23.1)			(32.9)				(30.8)				(34.2)
Prior accident years catastrophe losses			—			—			—			—			—			—			—			—				—				—
Total loss and loss expense ratio			69.2		%	76.9		%	43.5		%	61.5		%	39.6		%	72.2		%	73.1		%	56.1		%		58.0		%		54.3		%
Other commercial:
Net written premiums			$	106		$	109		$	98		$	106		$	100		$	106		$	215		$	207			$	312			$	410
Year over year change %- written premium			6		%	3		%	1		%	8		%	5		%	6		%	4		%	6		%		6		%		5		%
Earned premiums			$	104		$	101		$	100		$	103		$	100		$	100		$	205		$	200			$	302			$	402
Current accident year before catastrophe losses			50.5		%	45.8		%	47.9		%	50.5		%	40.7		%	40.5		%	48.2		%	40.6		%		43.9		%		44.9		%
Current accident year catastrophe losses			0.1			0.1			0.1			0.1			—			0.1			0.1			0.1				0.1				0.1
Prior accident years before catastrophe losses			(1.5)			(2.2)			—			0.4			0.2			(2.8)			(1.8)			(1.3)				(0.6)				(0.5)
Prior accident years catastrophe losses			0.1			—			—			(0.1)			0.1			0.1			—			0.1				—				—
Total loss and loss expense ratio			49.2		%	43.7		%	48.0		%	50.9		%	41.0		%	37.9		%	46.5		%	39.5		%		43.4		%		44.5		%
*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts. The sum of quarterly amounts may not equal the full year as each is computed independently.

CINF Second-Quarter 2025 Supplemental Financial Data

9

Quarterly Property Casualty Data - Personal Lines
(Dollars in millions)	Three months ended																				Six months ended						Nine months ended				Twelve months ended
	12/31/25	9/30/25	6/30/25			3/31/25			12/31/24			9/30/24			6/30/24			3/31/24			6/30/25			6/30/24			9/30/25	9/30/24			12/31/25	12/31/24
Personal auto:
Net written premiums			$	333		$	266		$	270		$	296		$	283		$	216		$	599		$	499			$	795			$	1,065
Year over year change %- written premium			18		%	23		%	30		%	30		%	33		%	33		%	20		%	33		%		32		%		32		%
Earned premiums			$	285		$	271		$	258		$	242		$	224		$	208		$	556		$	432			$	674			$	932
Current accident year before catastrophe losses			67.8		%	71.2		%	70.0		%	68.7		%	73.3		%	73.8		%	69.5		%	73.5		%		71.8		%		71.3		%
Current accident year catastrophe losses			3.2			3.0			(3.6)			6.6			3.6			3.4			3.1			3.5				4.6				2.3
Prior accident years before catastrophe losses			—			(0.8)			4.0			1.5			5.3			(1.9)			(0.4)			1.9				1.7				2.4
Prior accident years catastrophe losses			—			(0.3)			—			—			(0.1)			(0.7)			(0.2)			(0.4)				(0.2)				(0.2)
Total loss and loss expense ratio			71.0		%	73.1		%	70.4		%	76.8		%	82.1		%	74.6		%	72.0		%	78.5		%		77.9		%		75.8		%
Homeowner:
Net written premiums			$	532		$	320		$	394		$	442		$	433		$	303		$	852		$	736			$	1,178			$	1,572
Year over year change %- written premium			23		%	6		%	32		%	30		%	31		%	36		%	16		%	33		%		32		%		32		%
Earned premiums			$	425		$	338		$	379		$	352		$	326		$	303		$	763		$	629			$	981			$	1,360
Current accident year before catastrophe losses			38.8		%	53.4		%	34.2		%	40.9		%	42.2		%	46.9		%	45.2		%	44.4		%		43.1		%		40.7		%
Current accident year catastrophe losses			44.3			122.5			2.6			47.4			38.5			21.0			79.0			30.1				36.3				26.9
Prior accident years before catastrophe losses			(3.0)			(2.0)			(1.3)			(1.4)			1.2			(2.0)			(2.6)			(0.3)				(0.7)				(0.9)
Prior accident years catastrophe losses			(3.0)			(3.5)			(3.1)			(1.7)			(1.7)			(6.3)			(3.2)			(4.0)				(3.1)				(3.1)
Total loss and loss expense ratio			77.1		%	170.4		%	32.4		%	85.2		%	80.2		%	59.6		%	118.4		%	70.2		%		75.6		%		63.6		%
Other personal:
Net written premiums			$	115		$	86		$	89		$	94		$	103		$	76		$	201		$	179			$	273			$	362
Year over year change %- written premium			12		%	13		%	20		%	18		%	18		%	21		%	12		%	19		%		18		%		19		%
Earned premiums			$	94		$	89		$	89		$	84		$	81		$	77		$	183		$	158			$	242			$	331
Current accident year before catastrophe losses			58.3		%	76.2		%	57.0		%	66.5		%	54.6		%	57.4		%	67.0		%	56.0		%		59.7		%		59.0		%
Current accident year catastrophe losses			6.8			1.1			14.0			4.1			5.3			2.3			4.0			3.8				3.9				6.6
Prior accident years before catastrophe losses			7.4			3.7			7.3			8.7			(5.8)			(2.6)			5.6			(4.3)				0.2				2.1
Prior accident years catastrophe losses			(0.1)			(0.4)			—			—			0.2			(0.3)			(0.2)			—				—				—
Total loss and loss expense ratio			72.4		%	80.6		%	78.3		%	79.3		%	54.3		%	56.8		%	76.4		%	55.5		%		63.8		%		67.7		%
Quarterly Property Casualty Data - Excess & Surplus Lines
(Dollars in millions)	Three months ended																				Six months ended						Nine months ended				Twelve months ended
	12/31/25	9/30/25	6/30/25			3/31/25			12/31/24			9/30/24			6/30/24			3/31/24			6/30/25			6/30/24			9/30/25	9/30/24			12/31/25	12/31/24
Excess & Surplus:
Net written premiums			$	202		$	168		$	171		$	157		$	180		$	146		$	370		$	326			$	483			$	654
Year over year change %- written premium			12		%	15		%	14		%	23		%	15		%	7		%	13		%	12		%		15		%		15		%
Earned premiums			$	174		$	162		$	168		$	157		$	151		$	139		$	336		$	290			$	447			$	615
Current accident year before catastrophe losses			64.9		%	65.6		%	63.1		%	64.2		%	64.0		%	65.7		%	65.2		%	64.8		%		64.6		%		64.2		%
Current accident year catastrophe losses			1.6			0.8			1.0			1.7			1.4			0.9			1.2			1.2				1.4				1.3
Prior accident years before catastrophe losses			(2.7)			(5.0)			2.3			2.9			1.6			(1.7)			(3.8)			—				1.0				1.4
Prior accident years catastrophe losses			(0.3)			(0.5)			0.1			(0.2)			0.5			(0.4)			(0.3)			—				—				—
Total loss and loss expense ratio			63.5		%	60.9		%	66.5		%	68.6		%	67.5		%	64.5		%	62.3		%	66.0		%		67.0		%		66.9		%
*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts. The sum of quarterly amounts may not equal the full year as each is computed independently.

CINF Second-Quarter 2025 Supplemental Financial Data

10

Consolidated Property Casualty Loss and Loss Expense Analysis
(Dollars in millions)							Change in		Change in		Change in		Total						Loss
	Paid		Paid loss		Total		case		IBNR		loss expense		change in		Case		IBNR		expense		Total
	losses		expense		paid		reserves		reserves		reserves		reserves		incurred		incurred		incurred		incurred
Gross loss and loss expense incurred for the six months ended June 30, 2025
Commercial casualty	$	268	$	108	$	376	$	36	$	130	$	32	$	198	$	304	$	130	$	140	$	574
Commercial property	305		38		343		(27)		69		6		48		278		69		44		391
Commercial auto	235		46		281		1		63		11		75		236		63		57		356
Workers' compensation	61		15		76		(15)		17		12		14		46		17		27		90
Other commercial	49		11		60		1		17		23		41		50		17		34		101
Total commercial lines	918		218		1,136		(4)		296		84		376		914		296		302		1,512
Personal auto	279		61		340		9		41		12		62		288		41		73		402
Homeowners	913		60		973		140		187		14		341		1,053		187		74		1,314
Other personal	100		6		106		14		39		1		54		114		39		7		160
Total personal lines	1,292		127		1,419		163		267		27		457		1,455		267		154		1,876
Excess & surplus lines	84		35		119		(12)		79		29		96		72		79		64		215
Other	234		12		246		44		92		(1)		135		278		92		11		381
Total property casualty	$	2,528	$	392	$	2,920	$	191	$	734	$	139	$	1,064	$	2,719	$	734	$	531	$	3,984
Ceded loss and loss expense incurred for the six months ended June 30, 2025
Commercial casualty	$	—	$	—	$	—	$	7	$	(2)	$	—	$	5	$	7	$	(2)	$	—	$	5
Commercial property	11		—		11		(18)		6		—		(12)		(7)		6		—		(1)
Commercial auto	—		—		—		—		—		—		—		—		—		—		—
Workers' compensation	3		—		3		(1)		—		—		(1)		2		—		—		2
Other commercial	7		—		7		(3)		—		—		(3)		4		—		—		4
Total commercial lines	21		—		21		(15)		4		—		(11)		6		4		—		10
Personal auto	1		—		1		1		—		—		1		2		—		—		2
Homeowners	229		—		229		79		102		—		181		308		102		—		410
Other personal	7		—		7		10		3		—		13		17		3		—		20
Total personal lines	237		—		237		90		105		—		195		327		105		—		432
Excess & surplus lines	6		—		6		(1)		1		—		—		5		1		—		6
Other	11		—		11		(1)		52		—		51		10		52		—		62
Total property casualty	$	275	$	—	$	275	$	73	$	162	$	—	$	235	$	348	$	162	$	—	$	510
Net loss and loss expense incurred for the six months ended June 30, 2025
Commercial casualty	$	268	$	108	$	376	$	29	$	132	$	32	$	193	$	297	$	132	$	140	$	569
Commercial property	294		38		332		(9)		63		6		60		285		63		44		392
Commercial auto	235		46		281		1		63		11		75		236		63		57		356
Workers' compensation	58		15		73		(14)		17		12		15		44		17		27		88
Other commercial	42		11		53		4		17		23		44		46		17		34		97
Total commercial lines	897		218		1,115		11		292		84		387		908		292		302		1,502
Personal auto	278		61		339		8		41		12		61		286		41		73		400
Homeowners	684		60		744		61		85		14		160		745		85		74		904
Other personal	93		6		99		4		36		1		41		97		36		7		140
Total personal lines	1,055		127		1,182		73		162		27		262		1,128		162		154		1,444
Excess & surplus lines	78		35		113		(11)		78		29		96		67		78		64		209
Other	223		12		235		45		40		(1)		84		268		40		11		319
Total property casualty	$	2,253	$	392	$	2,645	$	118	$	572	$	139	$	829	$	2,371	$	572	$	531	$	3,474
*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.
Other data includes results from our Cincinnati Re operations and Cincinnati Global.

CINF Second-Quarter 2025 Supplemental Financial Data

11

Consolidated Property Casualty Loss and Loss Expense Analysis
(Dollars in millions)							Change in		Change in		Change in		Total						Loss
	Paid		Paid loss		Total		case		IBNR		loss expense		change in		Case		IBNR		expense		Total
	losses		expense		paid		reserves		reserves		reserves		reserves		incurred		incurred		incurred		incurred
Gross loss and loss expense incurred for the three months ended June 30, 2025
Commercial casualty	$	156	$	55	$	211	$	19	$	51	$	18	$	88	$	175	$	51	$	73	$	299
Commercial property	170		18		188		7		2		4		13		177		2		22		201
Commercial auto	118		23		141		6		28		4		38		124		28		27		179
Workers' compensation	31		8		39		(7)		9		2		4		24		9		10		43
Other commercial	26		6		32		1		5		16		22		27		5		22		54
Total commercial lines	501		110		611		26		95		44		165		527		95		154		776
Personal auto	142		30		172		5		19		6		30		147		19		36		202
Homeowners	287		30		317		13		(20)		8		1		300		(20)		38		318
Other personal	59		3		62		3		15		—		18		62		15		3		80
Total personal lines	488		63		551		21		14		14		49		509		14		77		600
Excess & surplus lines	43		17		60		—		33		18		51		43		33		35		111
Other	77		7		84		14		15		(1)		28		91		15		6		112
Total property casualty	$	1,109	$	197	$	1,306	$	61	$	157	$	75	$	293	$	1,170	$	157	$	272	$	1,599
Ceded loss and loss expense incurred for the three months ended June 30, 2025
Commercial casualty	$	—	$	—	$	—	$	11	$	(1)	$	—	$	10	$	11	$	(1)	$	—	$	10
Commercial property	2		—		2		(4)		(3)		—		(7)		(2)		(3)		—		(5)
Commercial auto	—		—		—		—		—		—		—		—		—		—		—
Workers' compensation	3		—		3		(2)		—		—		(2)		1		—		—		1
Other commercial	3		—		3		—		—		—		—		3		—		—		3
Total commercial lines	8		—		8		5		(4)		—		1		13		(4)		—		9
Personal auto	1		—		1		—		—		—		—		1		—		—		1
Homeowners	36		—		36		(30)		(17)		—		(47)		6		(17)		—		(11)
Other personal	5		—		5		8		(1)		—		7		13		(1)		—		12
Total personal lines	42		—		42		(22)		(18)		—		(40)		20		(18)		—		2
Excess & surplus lines	5		—		5		(5)		1		—		(4)		—		1		—		1
Other	5		—		5		—		(5)		—		(5)		5		(5)		—		—
Total property casualty	$	60	$	—	$	60	$	(22)	$	(26)	$	—	$	(48)	$	38	$	(26)	$	—	$	12
Net loss and loss expense incurred for the three months ended June 30, 2025
Commercial casualty	$	156	$	55	$	211	$	8	$	52	$	18	$	78	$	164	$	52	$	73	$	289
Commercial property	168		18		186		11		5		4		20		179		5		22		206
Commercial auto	118		23		141		6		28		4		38		124		28		27		179
Workers' compensation	28		8		36		(5)		9		2		6		23		9		10		42
Other commercial	23		6		29		1		5		16		22		24		5		22		51
Total commercial lines	493		110		603		21		99		44		164		514		99		154		767
Personal auto	141		30		171		5		19		6		30		146		19		36		201
Homeowners	251		30		281		43		(3)		8		48		294		(3)		38		329
Other personal	54		3		57		(5)		16		—		11		49		16		3		68
Total personal lines	446		63		509		43		32		14		89		489		32		77		598
Excess & surplus lines	38		17		55		5		32		18		55		43		32		35		110
Other	72		7		79		14		20		(1)		33		86		20		6		112
Total property casualty	$	1,049	$	197	$	1,246	$	83	$	183	$	75	$	341	$	1,132	$	183	$	272	$	1,587
*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.
Other data includes results from our Cincinnati Re operations and Cincinnati Global.

CINF Second-Quarter 2025 Supplemental Financial Data

12

Quarterly Property Casualty Data - Consolidated
(Dollars in millions)	Three months ended																				Six months ended						Nine months ended				Twelve months ended
	12/31/25	9/30/25	6/30/25			3/31/25			12/31/24			9/30/24			6/30/24			3/31/24			6/30/25			6/30/24			9/30/25	9/30/24			12/31/25	12/31/24
Premiums
Agency renewal written premiums			$	2,135		$	1,912		$	1,759		$	1,795		$	1,843		$	1,683		$	4,047		$	3,526			$	5,321			$	7,080
Agency new business written premiums			404			383			382			406			407			346			787			753				1,159				1,541
Other written premiums			194			200			102			92			209			219			394			428				520				622
Net written premiums			$	2,733		$	2,495		$	2,243		$	2,293		$	2,459		$	2,248		$	5,228		$	4,707			$	7,000			$	9,243
Unearned premium change			(336)			(231)			41			(76)			(384)			(256)			(567)			(640)				(716)				(675)
Earned premiums			$	2,397		$	2,264		$	2,284		$	2,217		$	2,075		$	1,992		$	4,661		$	4,067			$	6,284			$	8,568
Year over year change %
Agency renewal written premiums			16		%	14		%	15		%	16		%	12		%	10		%	15		%	11		%		13		%		13		%
Agency new business written premiums			(1)			11			23			30			34			38			5			36				34				31
Other written premiums			(7)			(9)			34			(3)			2			(6)			(8)			(2)				(2)				2
Net written premiums			11			11			17			17			14			11			11			13				14				15
Paid losses and loss expenses
Losses paid			$	1,049		$	1,203		$	978		$	946		$	893		$	861		$	2,253		$	1,755			$	2,701			$	3,680
Loss expenses paid			197			196			185			168			174			176			392			349				517				701
Loss and loss expenses paid			$	1,246		$	1,399		$	1,163		$	1,114		$	1,067		$	1,037		$	2,645		$	2,104			$	3,218			$	4,381
Incurred losses and loss expenses
Loss and loss expense incurred			$	1,587		$	1,887		$	1,255		$	1,499		$	1,412		$	1,270		$	3,474		$	2,682			$	4,181			$	5,436
Loss and loss expenses paid as a % of incurred			78.5		%	74.1		%	92.7		%	74.3		%	75.6		%	81.7		%	76.1		%	78.4		%		77.0		%		80.6		%
Statutory combined ratio
Loss ratio			55.4		%	72.4		%	43.2		%	58.3		%	59.1		%	55.2		%	63.6		%	57.2		%		57.6		%		53.8		%
Loss adjustment expense ratio			11.6			11.7			11.8			11.0			10.1			9.6			11.7			9.8				10.2				10.6
Net underwriting expense ratio			26.4			28.2			30.2			28.5			27.7			27.5			27.3			27.6				27.9				28.5
US Statutory combined ratio			93.4		%	112.3		%	85.2		%	97.8		%	96.9		%	92.3		%	102.6		%	94.6		%		95.7		%		92.9		%
Contribution from catastrophe losses			11.9			25.2			2.8			13.4			11.6			6.1			18.4			8.9				10.5				8.4
Statutory combined ratio excl. catastrophe losses			81.5		%	87.1		%	82.4		%	84.4		%	85.3		%	86.2		%	84.2		%	85.7		%		85.2		%		84.5		%
GAAP combined ratio
GAAP combined ratio			94.9		%	113.3		%	84.7		%	97.4		%	98.5		%	93.6		%	103.8		%	96.1		%		96.5		%		93.4		%
Contribution from catastrophe losses			12.2			25.0			4.0			13.0			11.2			5.9			18.4			8.6				10.1				8.5
GAAP combined ratio excl. catastrophe losses			82.7		%	88.3		%	80.7		%	84.4		%	87.3		%	87.7		%	85.4		%	87.5		%		86.4		%		84.9		%
*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts. The sum of quarterly amounts may not equal the full year as each is computed  independently. *nm - Not meaningful *Statutory data prepared in accordance with statutory accounting rules as defined by the National Association of Insurance Commissioners and filed with the appropriate regulatory bodies. Statutory ratios exclude the results of Cincinnati Global. Consolidated property casualty data includes the results of Cincinnati Re and Cincinnati Global.

CINF Second-Quarter 2025 Supplemental Financial Data

13

Quarterly Property Casualty Data - Commercial Lines
(Dollars in millions)	Three months ended																				Six months ended						Nine months ended				Twelve months ended
	12/31/25	9/30/25	6/30/25			3/31/25			12/31/24			9/30/24			6/30/24			3/31/24			6/30/25			6/30/24			9/30/25	9/30/24			12/31/25	12/31/24
Premiums
Agency renewal written premiums			$	1,116		$	1,152		$	1,001		$	987		$	1,023		$	1,076		$	2,268		$	2,099			$	3,086			$	4,087
Agency new business written premiums			200			203			179			187			193			182			403			375				562				741
Other written premiums			(26)			(30)			(37)			(36)			(30)			(35)			(56)			(65)				(101)				(138)
Net written premiums			$	1,290		$	1,325		$	1,143		$	1,138		$	1,186		$	1,223		$	2,615		$	2,409			$	3,547			$	4,690
Unearned premium change			(78)			(146)			17			(1)			(79)			(141)			(224)			(220)				(221)				(204)
Earned premiums			$	1,212		$	1,179		$	1,160		$	1,137		$	1,107		$	1,082		$	2,391		$	2,189			$	3,326			$	4,486
Year over year change %
Agency renewal written premiums			9		%	7		%	7		%	8		%	4		%	3		%	8		%	4		%		5		%		5		%
Agency new business written premiums			4			12			17			26			30			36			7			33				30				27
Other written premiums			13			14			(28)			(9)			(7)			(3)			14			(5)				(6)				(11)
Net written premiums			9			8			8			11			7			7			9			7				8				8
Paid losses and loss expenses
Losses paid			$	493		$	403		$	481		$	500		$	460		$	479		$	897		$	941			$	1,440			$	1,922
Loss expenses paid			110			109			104			102			103			106			218			207				311				413
Loss and loss expenses paid			$	603		$	512		$	585		$	602		$	563		$	585		$	1,115		$	1,148			$	1,751			$	2,335
Incurred losses and loss expenses
Loss and loss expense incurred			$	767		$	735		$	624		$	706		$	746		$	719		$	1,502		$	1,465			$	2,171			$	2,795
Loss and loss expenses paid as a % of incurred			78.6		%	69.7		%	93.8		%	85.3		%	75.5		%	81.4		%	74.2		%	78.4		%		80.7		%		83.5		%
Statutory combined ratio
Loss ratio			50.7		%	49.7		%	41.4		%	51.0		%	57.8		%	56.5		%	50.2		%	57.2		%		55.1		%		51.5		%
Loss adjustment expense ratio			12.7			12.6			12.4			11.1			9.6			9.9			12.6			9.7				10.2				10.8
Net underwriting expense ratio			28.3			26.9			31.4			31.2			29.9			27.4			27.6			28.7				29.4				29.9
Statutory combined ratio			91.7		%	89.2		%	85.2		%	93.3		%	97.3		%	93.8		%	90.4		%	95.6		%		94.7		%		92.2		%
Contribution from catastrophe losses			7.0			3.6			0.9			5.4			9.3			6.2			5.4			7.8				6.9				5.4
Statutory combined ratio excl. catastrophe losses			84.7		%	85.6		%	84.3		%	87.9		%	88.0		%	87.6		%	85.0		%	87.8		%		87.8		%		86.8		%
GAAP combined ratio
GAAP combined ratio			92.9		%	91.9		%	84.5		%	93.0		%	99.1		%	96.5		%	92.4		%	97.9		%		96.2		%		93.2		%
Contribution from catastrophe losses			7.0			3.6			0.9			5.4			9.3			6.2			5.4			7.8				6.9				5.4
GAAP combined ratio excl. catastrophe losses			85.9		%	88.3		%	83.6		%	87.6		%	89.8		%	90.3		%	87.0		%	90.1		%		89.3		%		87.8		%
*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts. The sum of quarterly amounts may not equal the full year as each is computed  independently. *nm - Not meaningful *Statutory data prepared in accordance with statutory accounting rules as defined by the National Association of Insurance Commissioners and filed with the appropriate regulatory bodies.

CINF Second-Quarter 2025 Supplemental Financial Data

14

Quarterly Property Casualty Data - Personal Lines
(Dollars in millions)	Three months ended																				Six months ended						Nine months ended				Twelve months ended
	12/31/25	9/30/25	6/30/25			3/31/25			12/31/24			9/30/24			6/30/24			3/31/24			6/30/25			6/30/24			9/30/25	9/30/24			12/31/25	12/31/24
Premiums
Agency renewal written premiums			$	866		$	634		$	625		$	695		$	681		$	494		$	1,500		$	1,175			$	1,870			$	2,495
Agency new business written premiums			141			127			154			165			163			122			268			285				450				604
Other written premiums			(27)			(89)			(26)			(28)			(25)			(21)			(116)			(46)				(74)				(100)
Net written premiums			$	980		$	672		$	753		$	832		$	819		$	595		$	1,652		$	1,414			$	2,246			$	2,999
Unearned premium change			(176)			26			(27)			(154)			(188)			(7)			(150)			(195)				(349)				(376)
Earned premiums			$	804		$	698		$	726		$	678		$	631		$	588		$	1,502		$	1,219			$	1,897			$	2,623
Year over year change %
Agency renewal written premiums			27		%	28		%	29		%	28		%	26		%	27		%	28		%	26		%		27		%		27		%
Agency new business written premiums			(13)			4			41			35			54			54			(6)			54				47				45
Other written premiums			(8)			(324)			(63)			(56)			(39)			(11)			(152)			(24)				(35)				(41)
Net written premiums			20			13			30			29			30			33			17			31				30				30
Paid losses and loss expenses
Losses paid			$	446		$	609		$	388		$	355		$	335		$	282		$	1,055		$	618			$	973			$	1,361
Loss expenses paid			63			64			56			46			51			51			127			102				148				204
Loss and loss expenses paid			$	509		$	673		$	444		$	401		$	386		$	333		$	1,182		$	720			$	1,121			$	1,565
Incurred losses and loss expenses
Loss and loss expense incurred			$	598		$	846		$	374		$	553		$	489		$	379		$	1,444		$	868			$	1,421			$	1,795
Loss and loss expenses paid as a % of incurred			85.1		%	79.6		%	118.7		%	72.5		%	78.9		%	87.9		%	81.9		%	82.9		%		78.9		%		87.2		%
Statutory combined ratio
Loss ratio			64.8		%	110.1		%	41.1		%	71.7		%	67.1		%	55.2		%	85.9		%	61.3		%		65.0		%		58.4		%
Loss adjustment expense ratio			9.6			11.0			10.4			9.8			10.5			9.3			10.3			9.9				9.9				10.0
Net underwriting expense ratio			24.7			31.2			28.5			25.8			25.2			29.6			27.3			27.1				26.6				27.1
Statutory combined ratio			99.1		%	152.3		%	80.0		%	107.3		%	102.8		%	94.1		%	123.5		%	98.3		%		101.5		%		95.5		%
Contribution from catastrophe losses			23.8			58.7			0.2			26.6			20.9			8.8			40.0			15.0				19.2				13.9
Statutory combined ratio excl. catastrophe losses			75.3		%	93.6		%	79.8		%	80.7		%	81.9		%	85.3		%	83.5		%	83.3		%		82.3		%		81.6		%
GAAP combined ratio
GAAP combined ratio			102.0		%	151.3		%	80.2		%	110.3		%	106.9		%	93.9		%	124.9		%	100.6		%		104.1		%		97.5		%
Contribution from catastrophe losses			23.8			58.7			0.2			26.6			20.9			8.8			40.0			15.0				19.2				13.9
GAAP combined ratio excl. catastrophe losses			78.2		%	92.6		%	80.0		%	83.7		%	86.0		%	85.1		%	84.9		%	85.6		%		84.9		%		83.6		%
*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts. The sum of quarterly amounts may not equal the full year as each is computed  independently. *nm - Not meaningful *Statutory data prepared in accordance with statutory accounting rules as defined by the National Association of Insurance Commissioners and filed with the appropriate regulatory bodies.

CINF Second-Quarter 2025 Supplemental Financial Data

15

Quarterly Property Casualty Data - Excess & Surplus Lines
(Dollars in millions)	Three months ended																				Six months ended						Nine months ended				Twelve months ended
	12/31/25	9/30/25	6/30/25			3/31/25			12/31/24			9/30/24			6/30/24			3/31/24			6/30/25			6/30/24			9/30/25	9/30/24			12/31/25	12/31/24
Premiums
Agency renewal written premiums			$	153		$	126		$	133		$	113		$	139		$	113		$	279		$	252			$	365			$	498
Agency new business written premiums			63			53			49			54			51			42			116			93				147				196
Other written premiums			(14)			(11)			(11)			(10)			(10)			(9)			(25)			(19)				(29)				(40)
Net written premiums			$	202		$	168		$	171		$	157		$	180		$	146		$	370		$	326			$	483			$	654
Unearned premium change			(28)			(6)			(3)			—			(29)			(7)			(34)			(36)				(36)				(39)
Earned premiums			$	174		$	162		$	168		$	157		$	151		$	139		$	336		$	290			$	447			$	615
Year over year change %
Agency renewal written premiums			10		%	12		%	19		%	22		%	19		%	7		%	11		%	13		%		16		%		16		%
Agency new business written premiums			24			26			2			26			6			11			25			8				14				11
Other written premiums			(40)			(22)			(10)			(25)			(11)			(13)			(32)			(12)				(16)				(14)
Net written premiums			12			15			14			23			15			7			13			12				15				15
Paid losses and loss expenses
Losses paid			$	38		$	40		$	39		$	34		$	41		$	46		$	78		$	86			$	121			$	160
Loss expenses paid			17			18			19			17			16			17			35			34				49				69
Loss and loss expenses paid			$	55		$	58		$	58		$	51		$	57		$	63		$	113		$	120			$	170			$	229
Incurred losses and loss expenses
Loss and loss expense incurred			$	110		$	99		$	112		$	107		$	102		$	90		$	209		$	192			$	299			$	411
Loss and loss expenses paid as a % of incurred			50.0		%	58.6		%	51.8		%	47.7		%	55.9		%	70.0		%	54.1		%	62.5		%		56.9		%		55.7		%
Statutory combined ratio
Loss ratio			43.8		%	43.1		%	45.1		%	45.2		%	48.6		%	48.9		%	43.4		%	48.7		%		47.5		%		46.8		%
Loss adjustment expense ratio			19.7			17.8			21.4			23.4			19.0			15.6			18.8			17.4				19.5				20.0
Net underwriting expense ratio			25.3			25.5			27.3			26.7			26.0			26.0			25.4			26.0				26.2				26.5
Statutory combined ratio			88.8		%	86.4		%	93.8		%	95.3		%	93.6		%	90.5		%	87.6		%	92.1		%		93.2		%		93.3		%
Contribution from catastrophe losses			1.3			0.3			1.1			1.5			1.9			0.5			0.9			1.2				1.4				1.3
Statutory combined ratio excl. catastrophe losses			87.5		%	86.1		%	92.7		%	93.8		%	91.7		%	90.0		%	86.7		%	90.9		%		91.8		%		92.0		%
GAAP combined ratio
GAAP combined ratio			91.1		%	88.3		%	93.1		%	95.3		%	95.4		%	91.9		%	89.8		%	93.7		%		94.3		%		94.0		%
Contribution from catastrophe losses			1.3			0.3			1.1			1.5			1.9			0.5			0.9			1.2				1.4				1.3
GAAP combined ratio excl. catastrophe losses			89.8		%	88.0		%	92.0		%	93.8		%	93.5		%	91.4		%	88.9		%	92.5		%		92.9		%		92.7		%
*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts. The sum of quarterly amounts may not equal the full year as each is computed  independently. *nm - Not meaningful *Statutory data prepared in accordance with statutory accounting rules as defined by the National Association of Insurance Commissioners and filed with the appropriate regulatory bodies.

CINF Second-Quarter 2025 Supplemental Financial Data

16

Consolidated Cincinnati Insurance Companies
Statutory Statements of Income
	For the Three Months Ended June 30,							For the Six Months Ended June 30,
(Dollars in millions)	2025		2024		Change		% Change	2025		2024		Change		% Change
Underwriting income
Net premiums written	$	2,636	$	2,392	$	244	10	$	5,055	$	4,558	$	497	11
Unearned premium change	304		365		(61)		(17)	523		587		(64)		(11)
Earned premiums	$	2,332	$	2,027	$	305	15	$	4,532	$	3,971	$	561	14
Losses incurred	$	1,291	$	1,199	$	92	8	$	2,883	$	2,272	$	611	27
Defense and cost containment expenses incurred	139		93		46		49	265		172		93		54
Adjusting and other expenses incurred	131		110		21		19	263		216		47		22
Other underwriting expenses incurred	696		662		34		5	1,377		1,256		121		10
Workers compensation dividend incurred	1		1		—		—	2		3		(1)		(33)
Total underwriting deductions	$	2,258	$	2,065	$	193	9	$	4,790	$	3,919	$	871	22
Net underwriting profit (loss)	$	74	$	(38)	$	112	nm	$	(258)	$	52	$	(310)	nm
Investment income
Gross investment income earned	$	195	$	156	$	39	25	$	379	$	314	$	65	21
Net investment income earned	193		154		39		25	374		310		64		21
Net realized capital gains and losses, net	(7)		11		(18)		nm	(7)		48		(55)		nm
Net investment gains (net of tax)	$	186	$	165	$	21	13	$	367	$	358	$	9	3
Other income	$	1	$	1	$	—	—	$	3	$	3	$	—	—
Net income before federal income taxes	$	261	$	128	$	133	104	$	112	$	413	$	(301)	(73)
Federal and foreign income taxes incurred	49		31		18		58	(13)		59		(72)		nm
Net income (statutory)	$	212	$	97	$	115	119	$	125	$	354	$	(229)	(65)
Policyholders' surplus - statutory	$	8,850	$	7,732	$	1,118	14	$	8,850	$	7,732	$	1,118	14
Fixed maturities at amortized cost - statutory	$	13,037	$	10,703	$	2,334	22	$	13,037	$	10,703	$	2,334	22
*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. *nm - Not meaningful *Statutory data prepared in accordance with statutory accounting rules as defined by the National Association of Insurance Commissioners and filed with the appropriate regulatory bodies.

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The Cincinnati Life Insurance Company
Statutory Statements of Income
	For the Three Months Ended June 30,							For the Six Months Ended June 30,
(Dollars in millions)	2025		2024		Change		% Change	2025		2024		Change		% Change
Net premiums written	$	93	$	94	$	(1)	(1)	$	172	$	179	$	(7)	(4)
Net investment income	50		47		3		6	100		94		6		6
Commissions and expense allowances on reinsurance ceded	1		1		—		—	2		2		—		—
Income from fees associated with separate accounts	2		2		—		—	3		3		—		—
Total revenues	$	146	$	144	$	2	1	$	277	$	278	$	(1)	—
Death benefits and matured endowments	$	40	$	42	$	(2)	(5)	$	96	$	85	$	11	13
Annuity benefits	20		28		(8)		(29)	43		68		(25)		(37)
Disability benefits and benefits under accident and health contracts	1		1		—		—	1		1		—		—
Surrender benefits and group conversions	10		9		1		11	20		17		3		18
Interest and adjustments on deposit-type contract funds	2		—		2		nm	4		2		2		100
Increase in aggregate reserves for life and accident and health contracts	2		(5)		7		nm	(7)		(17)		10		59
Total benefit expenses	$	75	$	75	$	—	—	$	157	$	156	$	1	1
Commissions	$	12	$	13	$	(1)	(8)	$	24	$	25	$	(1)	(4)
General insurance expenses and taxes	16		16		—		—	31		30		1		3
Increase in loading on deferred and uncollected premiums	(1)		(1)		—		—	2		—		2		nm
Net transfers from separate accounts	—		(3)		3		100	(8)		(3)		(5)		167
Total underwriting expenses	$	27	$	25	$	2	8	$	49	$	52	$	(3)	(6)
Federal and foreign income taxes incurred	11		11		—		—	17		17		—		—
Net gain from operations before capital gains and losses	$	33	$	33	$	—	—	$	54	$	53	$	1	2
Gains and losses net of capital gains tax, net	(5)		(7)		2		29	(6)		(9)		3		33
Net income (statutory)	$	28	$	26	$	2	8	$	48	$	44	$	4	9
Policyholders' surplus - statutory	$	556	$	460	$	96	21	$	556	$	460	$	96	21
Fixed maturities at amortized cost - statutory	$	3,854	$	3,878	$	(24)	(1)	$	3,854	$	3,878	$	(24)	(1)
*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. *nm - Not meaningful *Statutory data prepared in accordance with statutory accounting rules as defined by the National Association of Insurance Commissioners and filed with the appropriate regulatory bodies.

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Quarterly Data - Other
(Dollars in millions)	Three months ended																				Six months ended						Nine months ended				Twelve months ended
	12/31/25	9/30/25	6/30/25			3/31/25			12/31/24			9/30/24			6/30/24			3/31/24			6/30/25			6/30/24			9/30/25	9/30/24			12/31/25	12/31/24
Cincinnati Re:
Net written premiums			$	164		$	255		$	99		$	89		$	207		$	202		$	418		$	409			$	498			$	597
Year over year change %- written premium			(21)		%	26		%	50		%	5		%	17		%	(12)		%	2		%	—		%		1		%		7		%
Earned premiums			$	142		$	161		$	162		$	138		$	138		$	135		$	303		$	273			$	411			$	573
Current accident year before catastrophe losses			56.2		%	46.6		%	37.6		%	52.5		%	49.6		%	63.0		%	51.1		%	56.3		%		55.0		%		50.0		%
Current accident year catastrophe losses			(0.6)			66.3			29.1			30.2			2.4			—			34.9			1.2				11.0				16.1
Prior accident years before catastrophe losses			5.7			(4.5)			0.7			(10.1)			(0.8)			(10.4)			0.3			(5.6)				(7.1)				(4.9)
Prior accident years catastrophe losses			(1.2)			(2.4)			—			(2.5)			(4.7)			—			(1.8)			(2.4)				(2.4)				(1.7)
Total loss and loss expense ratio			60.1		%	106.0		%	67.4		%	70.1		%	46.5		%	52.6		%	84.5		%	49.5		%		56.5		%		59.5		%
Cincinnati Global:
Net written premiums			$	97		$	75		$	77		$	77		$	67		$	82		$	173		$	149			$	226			$	303
Year over year change %- written premium			45		%	(9)		%	18		%	12		%	(18)		%	28		%	16		%	2		%		5		%		8		%
Earned premiums			$	65		$	64		$	68		$	107		$	48		$	48		$	129		$	96			$	203			$	271
Current accident year before catastrophe losses			41.8		%	39.3		%	20.6		%	31.6		%	47.9		%	48.2		%	40.6		%	48.1		%		39.4		%		34.7		%
Current accident year catastrophe losses			3.7			31.4			47.1			9.6			—			—			17.4			—				5.0				15.6
Prior accident years before catastrophe losses			(22.4)			(0.2)			(10.4)			(3.8)			(21.2)			(19.7)			(11.4)			(20.4)				(11.7)				(11.4)
Prior accident years catastrophe losses			17.3			(13.9)			(3.4)			(3.6)			(4.4)			(5.9)			1.8			(5.2)				(4.3)				(4.1)
Total loss and loss expense ratio			40.4		%	56.6		%	53.9		%	33.8		%	22.3		%	22.6		%	48.4		%	22.5		%		28.4		%		34.8		%
Noninsurance operations:
Interest and fees on loans and leases			$	2		$	3		$	2		$	3		$	2		$	2		$	5		$	4			$	7			$	9
Other revenue			3			1			3			—			2			1			4			3				3				6
Interest expense			14			13			13			13			14			13			27			27				40				53
Operating expenses			10			11			13			6			9			4			21			13				19				32
Total noninsurance operations loss			$	(19)		$	(20)		$	(21)		$	(16)		$	(19)		$	(14)		$	(39)		$	(33)			$	(49)			$	(70)
*Dollar amounts shown are in conformity with GAAP and rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts. The sum of quarterly amounts may not equal the full year as each is computed independently.
*Noninsurance operations include the noninvestment operations of the parent company and a noninsurance subsidiary, CFC Investment Company.

CINF Second-Quarter 2025 Supplemental Financial Data

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