CINCINNATI FINANCIAL CORPORATION (CINF) FY2026 Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-04-01 to 2026-06-30

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CINCINNATI FINANCIAL CORPORATION cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net Income → Net cash from operating activities: $700,000,000.00Net Income → Operating adjustments reconciliation: $555,000,000.00Loss and loss expense reserves → Operating adjustments reconciliation: $520,000,000.00Unearned premiums → Operating adjustments reconciliation: $300,000,000.00Deferred income tax expense → Operating adjustments reconciliation: $139,000,000.00Other liabilities → Operating adjustments reconciliation: $125,000,000.00Depreciation, amortization and other → Operating adjustments reconciliation: $42,000,000.00Life policy and investment contract reserves → Operating adjustments reconciliation: $22,000,000.00Interest credited to contract holders → Operating adjustments reconciliation: $10,000,000.00Operating adjustments reconciliation → Investment gains and losses, net: $1,306,000,000.00Operating adjustments reconciliation → Premiums and reinsurance receivable: $260,000,000.00Operating adjustments reconciliation → Current income tax receivable/payable: $82,000,000.00Operating adjustments reconciliation → Deferred policy acquisition costs: $58,000,000.00Operating adjustments reconciliation → Other assets: $7,000,000.00Sale of equity securities → investing reconciliation: $741,000,000.00Sale, call or maturity of fixed maturities → investing reconciliation: $639,000,000.00investing reconciliation → Net cash from investing activities: $243,000,000.00investing reconciliation → Purchase of fixed maturities: $955,000,000.00investing reconciliation → Change in short-term investments: $92,000,000.00investing reconciliation → Purchase of equity securities: $63,000,000.00investing reconciliation → Change in other invested assets, net: $23,000,000.00investing reconciliation → Changes in finance receivables: $2,000,000.00investing reconciliation → Investment in building and equipment: $2,000,000.00Net cash used in financing activities → financing reconciliation: $403,000,000.00Contract holders' funds deposited → financing reconciliation: $17,000,000.00Proceeds from stock options exercised → financing reconciliation: $5,000,000.00financing reconciliation → Shares acquired - share repurchase authorization: $216,000,000.00financing reconciliation → Payment of cash dividends to shareholders: $143,000,000.00financing reconciliation → Contract holders' funds withdrawn: $37,000,000.00financing reconciliation → Other: $21,000,000.00financing reconciliation → Changes in note payable: $8,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $1,210,000,000.00Net cash from operating activities → Cash sources and uses: $700,000,000.00Net cash from investing activities → Cash sources and uses: $243,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $1,750,000,000.00Cash sources and uses → Net cash used in financing activities: $403,000,000.00Depreciation, amortization and other: $42,000,000.00Depreciation, amort. & other+$42.00 MInvestment gains and losses, net: -$1,306,000,000.00Investment sale gain & loss−$1.31 BInterest credited to contract holders: $10,000,000.00Interest credited to holders+$10.00 MDeferred income tax expense: $139,000,000.00Deferred income taxes+$139.00 MPremiums and reinsurance receivable: -$260,000,000.00Premiums, reinsurance receivable−$260.00 MDeferred policy acquisition costs: -$58,000,000.00Deferred acquisition costs−$58.00 MOther assets: -$7,000,000.00Other operating assets−$7.00 MLoss and loss expense reserves: $520,000,000.00Claims reserves+$520.00 MLife policy and investment contract reserves: $22,000,000.00Policy benefit reserves+$22.00 MUnearned premiums: $300,000,000.00Unearned premiums+$300.00 MOther liabilities: $125,000,000.00Other operating liabilities+$125.00 MCurrent income tax receivable/payable: -$82,000,000.00Deferred tax balances−$82.00 MNet Income: $1,255,000,000.00Net Income+$1.26 BNet cash from operating activities: $700,000,000.00Operating cash+$700.00 MOperating adjustments reconciliation: $1,713,000,000.00Payment of cash dividends to shareholders: -$143,000,000.00Common dividends paid−$143.00 MShares acquired - share repurchase authorization: -$216,000,000.00Common stock repurchases−$216.00 MProceeds from stock options exercised: $5,000,000.00Stock option exercises+$5.00 MContract holders' funds deposited: $17,000,000.00Policyholder deposits+$17.00 MContract holders' funds withdrawn: -$37,000,000.00Policyholder withdrawals−$37.00 MOther: -$21,000,000.00Other financing, net−$21.00 MChanges in note payable: -$8,000,000.00Notes issued & repaid, net−$8.00 MNet cash used in financing activities: -$403,000,000.00. Cash required to fund net payments.Financing cash−$403.00 Mfinancing reconciliation: $425,000,000.00Sale, call or maturity of fixed maturities: $639,000,000.00AFS securities sales+$639.00 MSale of equity securities: $741,000,000.00Equity securities sales+$741.00 MPurchase of fixed maturities: -$955,000,000.00AFS securities purchases−$955.00 MPurchase of equity securities: -$63,000,000.00Equity securities purchases−$63.00 MChange in short-term investments: -$92,000,000.00Change in short-term investments−$92.00 MChanges in finance receivables: -$2,000,000.00Changes in finance receivables−$2.00 MInvestment in building and equipment: -$2,000,000.00PP&E purchases−$2.00 MChange in other invested assets, net: -$23,000,000.00Other investing, net−$23.00 MNet cash from investing activities: $243,000,000.00Investing cash+$243.00 Minvesting reconciliation: $1,380,000,000.00Cash sources and uses: $2,153,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $1,210,000,000.00Beginning cash$1.21 BEnding cash: Cash, cash equivalents, and restricted cash: $1,750,000,000.00Ending cash$1.75 BCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$698.00 MOperating cash − cash spent on PP&ECash flow / Net income0.56×Operating cash flow ÷ net incomeNet cash change+$540.00 MEnding cash − beginning cash
Chart details

CINCINNATI FINANCIAL CORPORATION cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026

Cash flows for Apr 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Mar 31, 2026. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Mar 31, 2026
1,210,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
700,000,000 US dollars. Net cash provided.
Net Income
1,255,000,000 US dollars
Depreciation, amortization and other
42,000,000 US dollars
Investment gains and losses, net
negative 1,306,000,000 US dollars
Interest credited to contract holders
10,000,000 US dollars
Deferred income tax expense
139,000,000 US dollars
Premiums and reinsurance receivable
negative 260,000,000 US dollars
Deferred policy acquisition costs
negative 58,000,000 US dollars
Other assets
negative 7,000,000 US dollars
Loss and loss expense reserves
520,000,000 US dollars
Life policy and investment contract reserves
22,000,000 US dollars
Unearned premiums
300,000,000 US dollars
Other liabilities
125,000,000 US dollars
Current income tax receivable/payable
negative 82,000,000 US dollars
Investing activities
243,000,000 US dollars. Net cash provided.
Sale, call or maturity of fixed maturities
639,000,000 US dollars
Sale of equity securities
741,000,000 US dollars
Purchase of fixed maturities
negative 955,000,000 US dollars
Purchase of equity securities
negative 63,000,000 US dollars
Change in short-term investments
negative 92,000,000 US dollars
Changes in finance receivables
negative 2,000,000 US dollars
Investment in building and equipment
negative 2,000,000 US dollars
Change in other invested assets, net
negative 23,000,000 US dollars
Financing activities
negative 403,000,000 US dollars. Net cash used.
Payment of cash dividends to shareholders
negative 143,000,000 US dollars
Shares acquired - share repurchase authorization
negative 216,000,000 US dollars
Proceeds from stock options exercised
5,000,000 US dollars
Contract holders' funds deposited
17,000,000 US dollars
Contract holders' funds withdrawn
negative 37,000,000 US dollars
Other
negative 21,000,000 US dollars
Changes in note payable
negative 8,000,000 US dollars
Operating adjustment reconciliation
1,713,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
425,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
1,380,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
0 US dollars
Ending cash on Jun 30, 2026
1,750,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
2,153,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
540,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
0.56×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
700,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
2,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
698,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income exceeds operating cash. The diagram allocates $700.00M of net income directly to operating cash and $555.00M to the adjustment junction, where it combines with other additions to reconcile deductions. This is an accounting presentation, not a tracing of cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 700,000,000 US dollars minus 2,000,000 US dollars equals 698,000,000 US dollars.
CINCINNATI FINANCIAL CORPORATION (CINF) FY2026 Q2 Statement of Cash Flows Sankey chart
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