Business Overview
Who We Are
Cincinnati Financial Corporation stands among the nation's top 25 property casualty insurer groups, based on net written premiums. From 2002-2007, the company's total return to shareholders was 34.0 percent versus 62.3 percent for the S&P 500 Index. That track record reflects the company’s ability to:
- generate strong growth and above-average profitability by leveraging its regional franchise and proven independent insurance agency-centered business strategy
- to obtain strong investment income growth and capital appreciation through a total return investment strategy
- maintain its financial strength and flexibility
What We Do
CFC was formed in 1968 and operates through four subsidiaries. The Cincinnati Insurance Company, founded in 1950, leads the insurance group, which itself has four subsidiaries. The insurance group markets a broad range of standard market property casualty business and personal policies in 34 states and retains its strong customer focus on a select group of 1,098 agencies with 1,337 reporting locations. The Cincinnati Casualty Company and The Cincinnati Indemnity Company round out the A++ A.M. Best-rated standard market property casualty insurance group. The A+ Best-rated Cincinnati Life Insurance Company subsidiary markets life and disability income insurance and annuities. The A (Excellent) Best-rated Cincinnati Specialty Underwriters Insurance Company is a new subsidiary of The Cincinnati Insurance Company, which began offering excess and surplus lines insurance products in 2008.
Three additional subsidiaries of CFC complement the insurance operations. CFC Investment Company offers leasing and financing services. CinFin Capital Management Company provides asset management services to institutions, corporations and individuals. CSU Producer Resources is a wholly owned brokerage subsidiary that will provide exclusive access for our independent agencies to our excess and surplus lines insurance products.
How We Build Value
The company's core strength and most important competitive advantage is its
commitment to the independent agency system. Its mission places
agents at the center of its identity, recognizing that locally based independent
agents have the relationships that lead to profitable business. This approach
has produced above average profitability and growth of
Shareholder Dividends,
due primarily to the company's low expense field structure with empowered representatives
working out of their homes in the agents' communities. The company's five-year
combined loss and expense ratio through 2007 was 91.4 percent, outperforming the estimated industry
average of 98.1 percent.
The Cincinnati Insurance Companies continuously strengthen service by offering
agents and policyholders a stronger local presence, unparalleled claim service,
work-saving technology initiatives and competitive products, rates and compensation.
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