Cincinnati Financial Corporation

Supplemental Financial Data

for the period ending September 30, 2013

6200 South Gilmore Road

Fairfield, Ohio 45014-5141

www.cinfin.com

Investor Contact:	Media Contact:	Shareholder Contact:
Dennis E. McDaniel	Joan O. Shevchik	Molly A. Grimm
(513) 870-2768	(513) 603-5323	(513) 870-2697

	A.M. Best	Fitch	Moody's	Standard &  Poor's
Cincinnati Financial Corporation
Corporate Debt	a-	BBB+	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 October 24, 2013, under continuous review and subject to change and/or affirmation. For the current ratings, select Financial Strength 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 Third-Quarter 2013 Supplemental Financial Data

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	Cincinnati Financial Corporation
	Supplemental Financial Data
	for the period ending September 30, 2013
		Page
	Definitions of Non-GAAP Information and Reconciliation to Comparable GAAP Measures	3
Consolidated
	Quick Reference	4
	CFC and Subsidiaries Consolidation – Nine Months Ended September 30, 2013	5
	CFC and Subsidiaries Consolidation – Three Months Ended September 30, 2013	6
	CFC Insurance Subsidiaries – Selected Balance Sheet Data	7
Consolidated Property Casualty Insurance Operations
	Statutory Statements of Income	8
	Consolidated Cincinnati Insurance Companies – Losses Incurred Detail	9
	Consolidated Cincinnati Insurance Companies – Loss Ratio Detail	10
	Consolidated Cincinnati Insurance Companies – Loss Claim Count Detail	11
	Direct Written Premiums by Line of Business and State	12
	Quarterly Property Casualty Data – Commercial Lines	13
	Quarterly Property Casualty Data – Personal Lines and Excess & Surplus Lines	14
	Loss and Loss Expense Analysis – Nine Months Ended September 30, 2013	15
	Loss and Loss Expense Analysis – Three Months Ended September 30, 2013	16
Reconciliation Data
	Quarterly Property Casualty Data – Consolidated	17
	Quarterly Property Casualty Data – Commercial Lines	18
	Quarterly Property Casualty Data – Personal Lines	19
	Quarterly Property Casualty Data – Excess & Surplus Lines	20
Life Insurance Operations
	Statutory Statements of Income	21

CINF Third-Quarter 2013 Supplemental Financial Data

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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 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 and non-statutory 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 measures 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; or relate to accounting refinements that affect comparability between periods, creating a need to analyze data on the same basis.

• Operating income: Operating income is calculated by excluding net realized investment gains and losses (defined as realized investment gains and losses after applicable federal and state income taxes) from net income. Management evaluates operating income to measure the success of pricing, rate and underwriting strategies. While realized investment gains (or losses) are integral to the company's insurance operations over the long term, the determination to realize investment gains or losses 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 can be recognized from certain changes in market values of securities without actual realization. Management believes that the level of realized 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 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 operating income so that all investors have what management believes to be a useful supplement to GAAP information.

• 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 non-GAAP measure is a useful supplement to GAAP information, 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 as defined in the NAIC's Accounting Practices and Procedures Manual, which may be, and has been, modified by various state insurance departments. 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, 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. Earned premium, used in both statutory and GAAP accounting, is calculated ratably over the policy term. The difference between written and earned premium is unearned premium.

CINF Third-Quarter 2013 Supplemental Financial Data

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Cincinnati Financial Corporation
Quick Reference					—	Third Quarter 2013
(all data shown is for the three months ended or as of September 30, 2013)
		9/30/2013	Year over year change %					9/30/2013		Year over year change %
Revenues:						Benefits and expenses:
Commercial lines net written premiums	$	719	16			Commercial lines loss and loss expenses	$	421		20
Personal lines net written premiums		278	10			Personal lines loss and loss expenses		155		2
Excess & surplus lines net written premiums		34	26			Excess & surplus lines loss and loss expenses		17		(19	)
Property casualty net written premiums		1,031	15			Life and health contract holders' benefits incurred		49		7
Life and accident and health net written premiums		49	5			Underwriting, acquisition and insurance expenses		312		5
Annuity net written premiums		8	(33	)		Interest expenses		13		(7	)
Life, annuity and accident and health net written premiums		57	(3	)		Other operating expenses		3		50
Commercial lines net earned premiums		680	12			Total benefits & expenses		970		10
Personal lines net earned premiums		244	11			Income before income taxes		182		20
Excess & surplus lines net earned premiums		30	20			Total income tax		51		24
Property casualty net earned premiums		954	12
Fee revenue		2	100			Balance Sheet:
Life and accident and health net earned premiums		38	0
Investment income		133	1			Fixed maturity investments	$	9,038
Realized gains on investments		22	120			Equity securities		3,984
Other revenue		3	0			Other invested assets		68
Total revenues		1,152	11			Total invested assets	$	13,090
						Equity in net assets of subsidiaries	$	5,213
						Loss and loss expense reserves	$	4,307
						Life policy and investment contract reserves		2,373
Income:						Long-term debt and capital lease obligations		832
						Shareholders' equity		5,816
Operating income	$	116	10
Net realized investment gains and losses		15	150			Key ratios:
Net income		131	18
						Commercial lines GAAP combined ratio		93.7	%
						Personal lines GAAP combined ratio		94.5
						Excess & surplus lines GAAP combined ratio		86.7
						Property casualty GAAP combined ratio		93.7
Per share (diluted):
						Commercial lines STAT combined ratio		92.7	%
Operating income	$	0.70	9			Personal lines STAT combined ratio		92.1
Net realized investment gains and losses		0.09	125			Excess & surplus lines STAT combined ratio		86.9
Net income		0.79	16			Property casualty STAT combined ratio		92.3
Book value		35.51	8
Weighted average shares outstanding, in thousands		165,601	1			Value creation ratio		3.2	%

CINF Third-Quarter 2013 Supplemental Financial Data

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Cincinnati Financial Corporation and Subsidiaries
Consolidated Statements of Income for the Nine Months Ended September 30, 2013
(In millions)	CFC			CONSOL P&C			CLIC			CFC-I		ELIM			Total
Revenues
Premiums earned:
Property casualty	$	—		$	2,903		$	—		$	—	$	—		$	2,903
Life		—			—			161			—		—			161
Accident health		—			—			5			—		—			5
Premiums ceded		—			(150	)		(42	)		—		—			(192	)
Total earned premium		—			2,753			124			—		—			2,877
Investment income		28			260			104			—		—			392
Realized gain on investments		20			53			4			—		—			77
Fee revenue		—			3			3			—		—			6
Other revenue		11			2			—			5		(11	)		7
Total revenues	$	59		$	3,071		$	235		$	5	$	(11	)	$	3,359
Benefits & expenses
Losses & policy benefits	$	—		$	1,734		$	190		$	—	$	(1	)	$	1,923
Reinsurance recoveries		—			(34	)		(49	)		—		1			(82	)
Underwriting, acquisition and insurance expenses		—			883			36			—		—			919
Other operating expenses		22			—			—			2		(12	)		12
Interest expense		40			—			—			—		—			40
Total expenses	$	62		$	2,583		$	177		$	2	$	(12	)	$	2,812
Income (loss) before income taxes	$	(3	)	$	488		$	58		$	3	$	1		$	547
Provision (benefit) for income taxes
Current operating income	$	(9	)	$	122		$	(4	)	$	1	$	1		$	111
Capital gains/losses		6			20			1			—		(1	)		26
Deferred		(5	)		(3	)		23			—		—			15
Total provision (benefit) for income taxes	$	(8	)	$	139		$	20		$	1	$	—		$	152
Operating income (loss)	$	(9	)	$	316		$	35		$	2	$	—		$	344
Net income - current year	$	5		$	349		$	38		$	2	$	1		$	395
Net income - prior year	$	3		$	195		$	29		$	2	$	—		$	229
Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.

CINF Third-Quarter 2013 Supplemental Financial Data

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Cincinnati Financial Corporation and Subsidiaries
Consolidated Statements of Income for the Three Months Ended September 30, 2013
(In millions)	CFC			CONSOL P&C			CLIC			CFC-I			ELIM			Total
Revenues
Premiums earned:
Property casualty	$	—		$	1,005		$	—		$	—		$	—		$	1,005
Life		—			—			50			—			—			50
Accident health		—			—			2			—			—			2
Premiums ceded		—			(51	)		(14	)		—			—			(65	)
Total earned premium		—			954			38			—			—			992
Investment income		10			88			35			—			—			133
Realized gain on investments		4			16			2			—			—			22
Fee revenue		—			1			1			—			—			2
Other revenue		4			1			—			2			(4	)		3
Total revenues	$	18		$	1,060		$	76		$	2		$	(4	)	$	1,152
Benefits & expenses
Losses & policy benefits	$	—		$	599		$	64		$	—		$	(1	)	$	662
Reinsurance recoveries		—			(6	)		(15	)		—			1			(20	)
Underwriting, acquisition and insurance expenses		—			301			11			—			—			312
Interest expenses		6			—			—			1			(4	)		3
Other operating expenses		13			—			—			—			—			13
Total expenses	$	19		$	894		$	60		$	1		$	(4	)	$	970
Income before income taxes	$	(1	)	$	166		$	16		$	1		$	—		$	182
Provision (benefit) for income taxes
Current operating income	$	(2	)	$	44		$	(4	)	$	—		$	1		$	39
Capital gains/losses		1			7			—			—			(1	)		7
Deferred		(2	)		(2	)		9			—			—			5
Total provision (benefit) for income taxes	$	(3	)	$	49		$	5		$	—		$	—		$	51
Operating income	$	(1	)	$	108		$	9		$	1		$	(1	)	$	116
Net income - current year	$	2		$	117		$	11		$	1		$	—		$	131
Net income (loss) - prior year	$	(2	)	$	100		$	13		$	(1	)	$	1		$	111
Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.

CINF Third-Quarter 2013 Supplemental Financial Data

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Cincinnati Financial Corporation Insurance Subsidiaries
Selected Balance Sheet Data
(In millions)
	12/31/2013	9/30/2013		6/30/2013		3/31/2013		12/31/2012		9/30/2012		6/30/2012		3/31/2012
Cincinnati Insurance Consolidated
Fixed maturities (fair value)		$	6,039	$	5,994	$	6,083	$	6,030	$	6,082	$	6,067	$	6,004
Equities (fair value)			2,710		2,658		2,645		2,393		2,355		2,246		2,264
Fixed maturities - pretax net unrealized gain			344		359		532		551		566		502		482
Equities - pretax net unrealized gain			1,086		1,040		1,019		756		769		669		731
Loss and loss expense reserves - STAT			3,919		3,888		3,826		3,815		3,938		4,006		3,938
Equity - GAAP			5,188		5,143		5,288		5,056		4,965		4,794		4,864
Surplus - STAT			4,173		4,142		4,131		3,914		3,815		3,722		3,835
The Cincinnati Life Insurance Company
Fixed maturities (fair value)		$	2,906	$	2,900	$	2,979	$	2,953	$	2,911	$	2,821	$	2,736
Equities (fair value)			13		13		18		17		17		17		17
Fixed maturities - pretax net unrealized gain			169		181		285		291		289		242		223
Equities - pretax net unrealized gain			6		6		8		8		7		7		7
Equity - GAAP			835		828		869		857		850		811		792
Surplus - STAT			256		272		268		276		277		281		281

CINF Third-Quarter 2013 Supplemental Financial Data

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Consolidated Cincinnati Insurance Companies
Statutory Statements of Income
	For the Three Months Ended September 30,									For the Nine Months Ended September 30,
(Dollars in millions)	2013		2012		Change			% Change		2013		2012			Change			% Change
Underwriting income
Net premiums written	$	1,031	$	898	$	133		15		$	2,985	$	2,645		$	340		13
Unearned premiums increase		77		47		30		62			232		170			62		37
Earned premiums	$	954	$	851	$	103		12		$	2,753	$	2,475		$	278		11
Losses incurred	$	493	$	450	$	43		10		$	1,441	$	1,446		$	(5	)	—
Allocated loss expenses incurred		42		31		11		34			86		113			(27	)	(24	)
Unallocated loss expenses incurred		58		44		14		33			173		145			28		19
Other underwriting expenses incurred		307		281		26		9			891		811			80		10
Workers compensation dividend incurred		4		5		(1	)	(14	)		12		11			1		—
Total underwriting deductions	$	904	$	811	$	93		12		$	2,603	$	2,526		$	77		3
Net underwriting profit (loss)	$	50	$	40	$	10		24		$	150	$	(51	)	$	201		nm
Investment income
Gross investment income earned	$	91	$	90	$	1		1		$	268	$	270		$	(2	)	(1	)
Net investment income earned		89		89		—		nm			263		266			(3	)	(1	)
Net realized capital gains		12		6		6		96			40		6			34		501
Net investment gains (net of tax)	$	101	$	95	$	6		7		$	303	$	272		$	31		11
Other income	$	1	$	1	$	—		nm		$	4	$	4		$	—		nm
Net income before federal income taxes	$	152	$	136	$	16		12		$	457	$	225		$	232		103
Federal and foreign income taxes incurred	$	43	$	35	$	8		25		$	124	$	57		$	67		118
Net income (statutory)	$	109	$	101	$	8		8		$	333	$	168		$	165		98

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.

CINF Third-Quarter 2013 Supplemental Financial Data

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Consolidated Cincinnati Insurance Companies
Losses Incurred Detail
(In millions)	Three months ended																				Six months ended					Nine months ended						Twelve months ended
	12/31/13	9/30/13			6/30/13			3/31/13		12/31/12			9/30/12			6/30/12			3/31/12		6/30/13			6/30/12		9/30/13			9/30/12			12/31/13	12/31/12
Consolidated
New losses greater than $4,000,000		$	16		$	13		$	34	$	32		$	21		$	4		$	10	$	47		$	15	$	63		$	36			$	68
New losses $1,000,000-$4,000,000			46			33			35		44			39			47			31		68			78		114			117				161
New losses $250,000-$1,000,000			52			48			56		53			50			58			43		104			102		156			152				205
Case reserve development above $250,000			60			75			48		68			60			55			67		123			122		183			182				250
Large losses subtotal		$	174		$	169		$	173	$	197		$	170		$	164		$	151	$	342		$	317	$	516		$	487			$	684
IBNR incurred			21			23			28		(22	)		(25	)		7			19		51			26		73			2				(20	)
Catastrophe losses incurred			53			74			10		26			62			146			89		84			233		137			295				321
Remaining incurred			245			247			224		152			242			234			187		471			421		715			662				814
Total losses incurred		$	493		$	513		$	435	$	353		$	449		$	551		$	446	$	948		$	997	$	1,441		$	1,446			$	1,799
Commercial Lines
New losses greater than $4,000,000		$	16		$	13		$	34	$	32		$	21		$	4		$	10	$	47		$	15	$	63		$	36			$	68
New losses $1,000,000-$4,000,000			31			29			30		36			30			33			24		59			56		90			86				122
New losses $250,000-$1,000,000			36			33			41		37			33			36			31		74			68		110			101				138
Case reserve development above $250,000			52			71			42		63			56			51			64		113			115		165			171				234
Large losses subtotal		$	135		$	146		$	147	$	168		$	140		$	124		$	129	$	293		$	254	$	428		$	394			$	562
IBNR incurred			40			28			23		1			(21	)		6			—		51			6		92			(14	)			(13	)
Catastrophe losses incurred			36			44			2		17			43			89			39		46			127		82			170				187
Remaining incurred			137			136			127		65			138			132			105		263			237		399			374				439
Total losses incurred		$	348		$	354		$	299	$	251		$	300		$	351		$	273	$	653		$	624	$	1,001		$	924			$	1,175
Personal Lines
New losses greater than $4,000,000		$	—		$	—		$	—	$	—		$	—		$	—		$	—	$	—		$	—	$	—		$	—			$	—
New losses $1,000,000-$4,000,000			14			2			4		8			9			13			5		6			18		20			27				35
New losses $250,000-$1,000,000			14			9			12		13			14			18			8		21			26		35			40				53
Case reserve development above $250,000			6			4			6		4			1			3			2		10			5		16			6				10
Large losses subtotal		$	34		$	15		$	22	$	25		$	24		$	34		$	15	$	37		$	49	$	71		$	73			$	98
IBNR incurred			(27	)		(5	)		—		(24	)		(10	)		(4	)		14		(5	)		11		(32	)		—				(24	)
Catastrophe losses incurred			17			29			8		9			18			56			49		37			105		54			123				132
Remaining incurred			108			105			94		87			101			100			81		199			181		307			283				370
Total losses incurred		$	132		$	144		$	124	$	97		$	133		$	186		$	159	$	268		$	346	$	400		$	479			$	576
Excess & Surplus Lines
New losses greater than $4,000,000		$	—		$	—		$	—	$	—		$	—		$	—		$	—	$	—		$	—	$	—		$	—			$	—
New losses $1,000,000-$4,000,000			1			2			1		—			1			1			2		3			3		4			4				4
New losses $250,000-$1,000,000			2			6			3		3			3			4			4		9			8		11			11				14
Case reserve development above $250,000			2			—			—		1			2			1			1		—			3		2			5				6
Large losses subtotal		$	5		$	8		$	4	$	4		$	6		$	6		$	7	$	12		$	14	$	17		$	20			$	24
IBNR incurred			8			—			5		1			6			5			5		5			9		13			16				17
Catastrophe losses incurred			—			1			—		—			—			1			1		1			2		1			2				2
Remaining incurred			—			6			3		—			3			2			1		9			3		9			5				5
Total losses incurred		$	13		$	15		$	12	$	5		$	15		$	14		$	14	$	27		$	28	$	40		$	43			$	48
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.

CINF Third-Quarter 2013 Supplemental Financial Data

9

Consolidated Cincinnati Insurance Companies
Loss Ratio Detail
	Three months ended																				Six months ended					Nine months ended						Twelve months ended
	12/31/13	9/30/13			6/30/13			3/31/13		12/31/12			9/30/12			6/30/12			3/31/12		6/30/13			6/30/12		9/30/13			9/30/12			12/31/13	12/31/12
Consolidated
New losses greater than $4,000,000		1.7		%	1.4		%	3.8	%	3.7		%	2.5		%	0.5		%	1.3	%	2.6		%	0.9	%	2.3		%	1.4		%		2.0		%
New losses $1,000,000-$4,000,000		4.9			3.7			3.9		5.0			4.6			5.7			3.9		3.8			4.8		4.1			4.7				4.8
New losses $250,000-$1,000,000		5.4			5.3			6.3		6.1			5.9			7.1			5.5		5.8			6.2		5.6			6.2				6.1
Case reserve development above $250,000		6.3			8.2			5.4		7.8			7.0			6.7			8.3		6.8			7.5		6.7			7.4				7.5
Large losses subtotal		18.3		%	18.6		%	19.4	%	22.6		%	20.0		%	20.0		%	19.0	%	19.0		%	19.4	%	18.7		%	19.7		%		20.4		%
IBNR incurred		2.3			2.5			3.2		(2.4	)		(2.9	)		0.9			2.3		2.8			1.6		2.6			0.1				(0.6	)
Total catastrophe losses incurred		5.5			8.2			1.1		2.9			7.3			17.6			11.1		4.7			14.5		5.0			11.9				9.6
Remaining incurred		25.6			27.0			25.2		17.5			28.4			28.2			23.5		26.2			25.9		26.0			26.7				24.4
Total loss ratio		51.7		%	56.3		%	48.9	%	40.6		%	52.8		%	66.7		%	55.9	%	52.7		%	61.4	%	52.3		%	58.4		%		53.8		%
Commercial Lines
New losses greater than $4,000,000		2.4		%	1.9		%	5.4	%	5.3		%	3.4		%	0.7		%	1.9	%	3.7		%	1.3	%	3.2		%	2.0		%		2.9		%
New losses $1,000,000-$4,000,000		4.7			4.5			4.7		5.7			4.9			5.5			4.2		4.6			4.9		4.6			4.9				5.1
New losses $250,000-$1,000,000		5.2			5.2			6.5		5.9			5.5			6.2			5.5		5.8			5.9		5.6			5.8				5.8
Case reserve development above $250,000		7.5			11.1			6.7		10.1			9.3			8.7			11.2		8.9			9.9		8.4			9.7				9.8
Large losses subtotal		19.8		%	22.7		%	23.3	%	27.0		%	23.1		%	21.1		%	22.8	%	23.0		%	22.0	%	21.8		%	22.4		%		23.6		%
IBNR incurred		6.0			4.3			3.7		0.3			(3.4	)		1.1			—		4.0			0.5		4.7			(0.8	)			(0.5	)
Total catastrophe losses incurred		5.2			6.9			0.3		2.7			7.1			15.1			6.8		3.6			11.0		4.2			9.6				7.8
Remaining incurred		20.2			21.0			20.0		10.5			22.7			22.3			18.4		20.6			20.5		20.4			21.2				18.4
Total loss ratio		51.2		%	54.9		%	47.3	%	40.5		%	49.5		%	59.6		%	48.0	%	51.2		%	54.0	%	51.1		%	52.4		%		49.3		%
Personal Lines
New losses greater than $4,000,000		—		%	—		%	—	%	—		%	—		%	—		%	—	%	—		%	—	%	—		%	—		%		—		%
New losses $1,000,000-$4,000,000		5.6			0.9			1.6		3.8			3.7			6.4			2.3		1.2			4.4		2.7			4.1				4.1
New losses $250,000-$1,000,000		5.5			3.8			5.4		5.9			6.1			8.4			4.0		4.6			6.2		4.9			6.2				6.1
Case reserve development above $250,000		3.0			1.6			2.4		2.1			0.5			1.2			0.9		2.0			1.1		2.3			0.9				1.2
Large losses subtotal		14.1		%	6.3		%	9.4	%	11.8		%	10.3		%	16.0		%	7.2	%	7.8		%	11.7	%	9.9		%	11.2		%		11.4		%
IBNR incurred		(11.1	)		(2.2	)		0.2		(10.8	)		(4.6	)		(1.6	)		6.6		(1.1	)		2.5		(4.5	)		0.1				(2.8	)
Total catastrophe losses incurred		6.7			12.4			3.3		3.5			8.8			26.2			23.3		7.9			24.8		7.5			19.3				15.2
Remaining incurred		44.3			44.1			40.7		38.8			46.2			46.6			39.1		42.6			42.8		43.1			44.0				42.6
Total loss ratio		54.0		%	60.6		%	53.6	%	43.3		%	60.7		%	87.2		%	76.2	%	57.2		%	81.8	%	56.0		%	74.6		%		66.4		%
Excess & Surplus Lines
New losses greater than $4,000,000		—		%	—		%	—	%	—		%	—		%	—		%	—	%	—		%	—	%	—		%	—		%		—		%
New losses $1,000,000-$4,000,000		3.6			7.8			4.2		—			4.3			4.4			11.1		6.1			7.7		5.2			6.5				4.7
New losses $250,000-$1,000,000		7.3			19.7			11.1		11.1			15.0			16.5			17.7		15.5			17.1		12.6			16.3				14.9
Case reserve development above $250,000		4.5			1.0			1.0		2.7			8.8			6.4			5.6		1.0			6.0		2.2			7.0				5.9
Large losses subtotal		15.4		%	28.5		%	16.3	%	13.8		%	28.1		%	27.3		%	34.4	%	22.6		%	30.8	%	20.0		%	29.8		%		25.5		%
IBNR incurred		26.9			1.1			17.0		6.0			25.9			21.0			22.2		8.9			21.6		15.3			23.2				18.5
Total catastrophe losses incurred		2.4			1.9			0.4		1.2			0.5			3.4			3.7		1.1			3.5		1.6			2.4				2.1
Remaining incurred		(1.2	)		20.6			13.5		(1.5	)		10.0			8.1			5.4		17.1			6.8		10.6			7.9				5.4
Total loss ratio		43.5		%	52.1		%	47.2	%	19.5		%	64.5		%	59.8		%	65.7	%	49.7		%	62.7	%	47.5		%	63.3		%		51.5		%
Certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts.

CINF Third-Quarter 2013 Supplemental Financial Data

10

Consolidated Cincinnati Insurance Companies
Loss Claim Count Detail
	Three months ended								Six months ended		Nine months ended		Twelve months ended
	12/31/13	9/30/13	6/30/13	3/31/13	12/31/12	9/30/12	6/30/12	3/31/12	6/30/13	6/30/12	9/30/13	9/30/12	12/31/13	12/31/12
Consolidated
New losses greater than $4,000,000		3	2	5	6	4	1	2	7	3	10	7		13
New losses $1,000,000-$4,000,000		28	21	21	28	27	29	19	42	48	70	75		103
New losses $250,000-$1,000,000		125	107	116	118	116	130	101	223	231	348	347		465
Case reserve development above $250,000		95	92	69	99	86	78	86	161	164	256	250		349
Large losses total		251	222	211	251	233	238	208	433	446	684	679		930
Commercial Lines
New losses greater than $4,000,000		3	2	5	6	4	1	2	7	3	10	7		13
New losses $1,000,000-$4,000,000		18	17	17	22	21	18	15	34	33	52	54		76
New losses $250,000-$1,000,000		85	74	86	82	78	77	70	160	147	245	225		307
Case reserve development above $250,000		77	83	56	86	79	64	81	139	145	216	224		310
Large losses total		183	176	164	196	182	160	168	340	328	523	510		706
Personal Lines
New losses greater than $4,000,000		—	—	—	—	—	—	—	—	—	—	—		—
New losses $1,000,000-$4,000,000		9	2	3	6	5	10	2	5	12	14	17		23
New losses $250,000-$1,000,000		34	19	24	29	31	44	21	43	65	77	96		125
Case reserve development above $250,000		15	8	12	11	3	8	4	20	12	35	15		26
Large losses total		58	29	39	46	39	62	27	68	89	126	128		174
Excess & Surplus Lines
New losses greater than $4,000,000		—	—	—	—	—	—	—	—	—	—	—		—
New losses $1,000,000-$4,000,000		1	2	1	—	1	1	2	3	3	4	4		4
New losses $250,000-$1,000,000		6	14	6	7	7	9	10	20	19	26	26		33
Case reserve development above $250,000		3	1	1	2	4	6	1	2	7	5	11		13
Large losses total		10	17	8	9	12	16	13	25	29	35	41		50
The sum of quarterly amounts may not equal the full year as each is computed independently.

CINF Third-Quarter 2013 Supplemental Financial Data

11

Consolidated Cincinnati Insurance Companies
Agency Direct Written Premiums by Agency State by Line of Business for the Nine Months Ended September 30, 2013
	Commercial Lines															Personal Lines						E & S		Consolidated			Comm'l Change %			Personal Change %			E & S Change %			Consol Change %
Risk State	Comm Casualty		Comm Property		Comm Auto		Workers' Comp		Spec Packages		Surety & Exec Risk		Mach. & Equipment		Personal Auto		Home Owner		Other Personal		All Lines		2013		2012
																							Total		Total
OH	$	117.1	$	94.0	$	56.9	$	—	$	11.4	$	18.4	$	5.2	$	99.6	$	84.3	$	27.2	$	9.1	$	523.4	$	485.9		9.7			4.4			11.7			7.7
IL		47.3		36.8		22.2		42.1		10.5		6.4		2.8		25.4		22.1		6.7		6.0		228.2		214.1		6.6			6.4			8.2			6.6
IN		40.2		35.1		21.0		24.9		5.4		5.3		2.8		26.7		27.7		6.8		8.5		204.1		186.9		11.0			5.7			20.7			9.2
PA		42.0		31.1		28.5		39.6		6.3		5.6		2.1		9.0		7.0		3.0		4.0		178.1		162.4		8.7			15.6			24.3			9.7
GA		25.1		23.4		18.6		10.1		6.7		4.9		1.3		28.3		29.1		8.2		6.7		162.3		144.5		16.2			7.3			13.6			12.3
MI		30.9		21.5		15.2		15.8		7.6		5.0		1.9		24.5		19.0		3.6		4.6		149.6		126.5		14.5			26.4			24.7			18.3
NC		28.5		27.6		15.7		14.4		10.3		6.9		1.8		19.9		15.2		5.2		3.8		149.5		134.6		7.2			20.8			33.6			11.1
TN		24.0		23.0		15.2		9.8		8.0		4.1		1.6		12.3		13.9		4.1		2.2		118.2		100.0		17.9			19.1			17.1			18.2
KY		18.9		22.2		13.7		2.7		4.8		2.7		1.3		20.6		18.5		4.6		3.8		113.7		102.4		12.4			7.8			29.6			11.0
VA		24.5		20.4		15.5		14.7		3.9		5.3		1.3		8.0		7.2		2.4		3.3		106.5		99.5		8.5			(0.4	)		11.9			7.0
WI		23.0		17.5		11.1		27.4		3.1		2.7		1.6		7.1		7.1		2.9		2.3		105.7		95.3		12.7			3.1			(0.3	)		10.7
AL		17.0		18.7		8.0		1.0		7.2		2.5		1.0		14.7		23.9		5.3		4.1		103.4		93.2		13.7			5.7			36.8			10.9
MN		21.0		15.8		8.3		8.3		2.7		2.0		1.1		12.0		11.4		4.0		2.7		89.3		75.2		15.2			27.5			13.3			18.7
MO		20.2		19.3		11.6		11.3		5.7		2.1		1.4		4.6		6.4		1.4		4.0		87.9		76.7		14.9			12.9			14.9			14.6
TX		30.0		20.3		18.6		1.7		0.8		1.7		1.5		—		—		—		8.3		83.0		62.8		32.4			24.7			31.5			32.3
IA		15.9		14.1		7.0		16.3		2.9		3.0		1.2		3.8		4.2		1.4		1.4		71.4		65.2		10.5			3.6			2.6			9.3
MD		14.1		8.5		10.7		9.6		1.2		2.2		0.6		3.3		3.0		0.9		1.5		55.5		46.2		17.4			43.7			10.5			20.0
FL		15.4		12.3		5.5		1.1		0.4		1.4		0.5		6.1		8.6		1.5		2.5		55.3		59.5		(9.8	)		(2.0	)		0.4			(7.2	)
NY		25.0		10.4		9.5		2.0		0.9		2.3		0.8		1.3		0.5		0.1		1.5		54.3		49.4		6.1			nm			63.3			11.1
AR		7.4		11.5		5.4		2.2		4.6		1.0		0.8		5.4		5.9		1.5		1.7		47.4		41.3		9.2			32.5			4.1			14.4
KS		8.0		9.3		4.5		5.7		2.7		1.4		0.6		4.0		5.5		1.2		0.9		43.8		38.9		15.2			5.9			(0.3	)		12.4
SC		9.1		7.6		6.0		3.1		2.2		1.8		0.4		4.6		3.1		0.9		1.3		40.1		32.1		15.6			61.2			66.8			24.4
AZ		11.2		6.4		8.8		3.7		0.7		1.1		0.5		2.7		2.0		0.7		1.1		38.9		31.8		23.3			25.5			(5.2	)		22.6
UT		11.2		6.1		7.7		0.3		0.9		1.7		0.3		5.6		2.7		0.6		1.5		38.6		32.6		19.3			13.2			41.0			18.5
MT		10.8		6.2		5.8		0.1		0.8		0.5		0.5		1.9		1.9		0.5		0.5		29.4		25.3		14.6			17.9			96.4			15.9
NE		6.6		6.7		3.4		6.3		1.2		1.0		0.4		0.6		0.8		0.2		1.0		28.2		24.0		19.4			1.6			(3.9	)		17.3
CO		9.5		6.5		6.0		0.5		0.1		1.0		0.5		—		0.2		—		1.8		26.0		17.1		48.6			(4.0	)		125.6			51.5
ID		7.9		5.2		4.9		0.3		0.7		0.8		0.4		2.1		1.3		0.4		0.9		24.9		22.7		6.1			24.6			49.4			9.7
WV		6.9		5.6		5.3		1.5		2.1		0.5		0.4		—		0.4		0.1		1.9		24.7		21.7		14.2			(4.2	)		14.8			13.8
VT		3.5		3.3		2.2		5.7		0.7		1.0		0.2		1.1		1.1		0.3		0.7		19.8		17.7		12.9			6.4			5.9			11.8
ND		6.2		4.5		3.5		—		1.0		0.6		0.3		0.6		0.6		0.2		0.3		17.8		14.6		23.1			11.0			8.2			21.8
NH		2.7		2.4		1.3		2.1		0.6		0.4		0.2		1.4		1.4		0.4		0.7		13.6		10.9		28.0			8.8			69.0			24.5
OR		3.8		2.5		2.6		0.1		—		0.6		0.3		0.4		0.2		0.1		2.0		12.6		6.7		84.6			nm			52.5			88.7
WA		4.5		2.7		3.1		—		—		0.9		0.3		—		—		—		1.2		12.6		9.4		33.5			1.4			36.7			33.7
SD		2.5		2.2		1.4		2.3		0.5		0.4		0.2		—		—		—		0.4		9.9		9.0		9.8			13.9			18.8			10.2
NM		3.4		1.7		2.0		0.5		0.1		1.3		—		—		—		—		0.5		9.5		8.3		13.4			(59.4	)		36.5			14.5
DE		2.7		2.0		1.8		2.0		0.3		0.2		0.2		—		—		—		0.2		9.4		8.9		3.7			0.1			150.3			4.8
CT		1.8		1.6		0.9		0.4		0.1		0.1		0.1		—		—		—		0.2		5.3		3.2		78.2			(86.9	)		30.5			74.7
WY		1.3		1.2		0.6		—		—		0.3		—		—		—		—		0.4		3.8		3.2		16.6			(7.9	)		10.5			15.9
All Other		3.3		2.4		2.3		3.7		0.5		1.6		—		—		—		—		0.6		14.9		12.6		21.9			27.8			(11.9	)		19.5
Total	$	704.4	$	569.6	$	392.3	$	293.3	$	119.6	$	102.7	$	38.4	$	357.6	$	336.2	$	96.4	$	100.1	$	3,110.6	$	2,772.3		12.6			10.2			20.3			12.2
Other Direct		—		1.0		3.1		3.3		—		—		—		6.2		0.2		—		—		13.8		3.6		116.2			nm			nm			287.4
Total Direct	$	704.4	$	570.6	$	395.4	$	296.6	$	119.6	$	102.7	$	38.4	$	363.8	$	336.4	$	96.4	$	100.1	$	3,124.4	$	2,775.9		12.8			11.1			20.3			12.6
Dollar amounts shown are rounded to the nearest hundred thousand; certain amounts may not add due to rounding. Percentage changes are calculated based on whole dollar amounts. *nm - Not meaningful

CINF Third-Quarter 2013 Supplemental Financial Data

12

Quarterly Property Casualty Data - Commercial Lines
(Dollars in millions)	Three months ended																													Six months ended								Nine months ended								Twelve months ended
	12/31/13	9/30/13				6/30/13				3/31/13				12/31/12				9/30/12				6/30/12				3/31/12				6/30/13				6/30/12				9/30/13				9/30/12				12/31/13	12/31/12
Commercial casualty:
Written premiums		$	232			$	222			$	237			$	189			$	200			$	202			$	202			$	459			$	404			$	691			$	604				$	793
Earned premiums			221				211				204				198				197				191				181				415				372				636				569					767
Current accident year before catastrophe losses			53.5		%		55.7		%		60.8		%		67.5		%		52.1		%		67.2		%		70.2		%		58.2		%		68.7		%		56.6		%		63.0		%			64.1		%
Current accident year catastrophe losses			—				—				—				—				—				—				—				—				—				—				—					—
Prior accident years before catastrophe losses			(8.4	)			(15.1	)			(11.5	)			(24.0	)			(12.9	)			(29.2	)			(26.7	)			(13.3	)			(28.0	)			(11.6	)			(22.8	)				(23.1	)
Prior accident years catastrophe losses			—				—				—				—				—				—				—				—				—				—				—					—
Total loss and loss expense ratio			45.1		%		40.6		%		49.3		%		43.5		%		39.2		%		38.0		%		43.5		%		44.9		%		40.7		%		45.0		%		40.2		%			41.0		%
Commercial property:
Written premiums		$	186			$	164			$	166			$	136			$	150			$	146			$	141			$	330			$	287			$	516			$	437				$	573
Earned premiums			161				152				147				142				138				134				131				299				265				460				403					545
Current accident year before catastrophe losses			49.6		%		52.9		%		48.9		%		28.0		%		45.3		%		55.3		%		57.2		%		50.9		%		56.2		%		50.5		%		52.5		%			46.1		%
Current accident year catastrophe losses			19.1				28.4				2.8				10.4				29.6				56.7				31.4				15.8				44.3				17.0				39.2					31.7
Prior accident years before catastrophe losses			1.4				(6.0	)			2.0				(2.3	)			(2.1	)			(3.4	)			(4.4	)			(2.0	)			(4.0	)			(0.9	)			(3.3	)				(3.1	)
Prior accident years catastrophe losses			(2.0	)			(3.2	)			(1.9	)			(2.1	)			(0.7	)			1.3				(5.8	)			(2.6	)			(2.2	)			(2.4	)			(1.7	)				(1.8	)
Total loss and loss expense ratio			68.1		%		72.1		%		51.8		%		34.0		%		72.1		%		109.9		%		78.4		%		62.1		%		94.3		%		64.2		%		86.7		%			72.9		%
Commercial auto:
Written premiums		$	128			$	127			$	135			$	106			$	109			$	115			$	114			$	262			$	229			$	390			$	338				$	444
Earned premiums			124				117				114				111				108				106				101				231				207				355				315					426
Current accident year before catastrophe losses			64.3		%		76.3		%		59.6		%		66.2		%		71.1		%		71.8		%		73.9		%		68.1		%		72.8		%		66.7		%		72.2		%			70.7		%
Current accident year catastrophe losses			0.9				1.5				0.4				(0.2	)			0.8				3.2				1.4				1.0				2.4				0.9				1.8					1.3
Prior accident years before catastrophe losses			(0.4	)			(3.2	)			2.1				7.3				4.9				(1.8	)			(11.9	)			(0.7	)			(6.8	)			(0.5	)			(2.7	)				(0.1	)
Prior accident years catastrophe losses			(0.2	)			(0.3	)			(0.2	)			—				(0.2	)			(0.3	)			(0.5	)			(0.2	)			(0.4	)			(0.2	)			(0.3	)				(0.2	)
Total loss and loss expense ratio			64.6		%		74.3		%		61.9		%		73.3		%		76.6		%		72.9		%		62.9		%		68.2		%		68.0		%		66.9		%		71.0		%			71.7		%
Workers' compensation:
Written premiums		$	90			$	85			$	113			$	84			$	78			$	86			$	93			$	198			$	179			$	288			$	257				$	341
Earned premiums			95				87				88				89				89				85				81				175				166				270				255					344
Current accident year before catastrophe losses			78.6		%		84.8		%		71.8		%		87.6		%		80.8		%		80.8		%		82.7		%		78.3		%		81.7		%		78.4		%		81.5		%			83.0		%
Current accident year catastrophe losses			—				—				—				—				—				—				—				—				—				—				—					—
Prior accident years before catastrophe losses			9.3				(17.8	)			(8.0	)			(26.2	)			(25.7	)			(14.3	)			(19.0	)			(12.9	)			(16.6	)			(5.1	)			(19.8	)				(21.5	)
Prior accident years catastrophe losses			—				—				—				—				—				—				—				—				—				—				—					—
Total loss and loss expense ratio			87.9		%		67.0		%		63.8		%		61.4		%		55.1		%		66.5		%		63.7		%		65.4		%		65.1		%		73.3		%		61.7		%			61.5		%
Specialty package:
Written premiums		$	36			$	36			$	40			$	36			$	39			$	38			$	40			$	76			$	78			$	112			$	117				$	153
Earned premiums			38				37				39				39				37				37				38				76				75				114				112					151
Current accident year before catastrophe losses			56.2		%		80.0		%		73.5		%		57.5		%		56.7		%		72.8		%		66.4		%		76.7		%		69.6		%		69.9		%		65.3		%			63.4		%
Current accident year catastrophe losses			22.9				16.1				6.4				10.1				29.3				23.9				24.8				11.2				24.4				15.1				26.0					22.0
Prior accident years before catastrophe losses			9.0				(3.3	)			(2.5	)			(8.7	)			9.1				(3.0	)			(14.0	)			(2.8	)			(8.5	)			1.1				(2.7	)				(4.2	)
Prior accident years catastrophe losses			(0.1	)			(0.6	)			(3.4	)			9.3				(14.8	)			(0.2	)			(12.6	)			(2.0	)			(6.5	)			(1.4	)			(9.2	)				(4.5	)
Total loss and loss expense ratio			88.0		%		92.2		%		74.0		%		68.2		%		80.3		%		93.5		%		64.6		%		83.1		%		79.0		%		84.7		%		79.4		%			76.7		%
Surety and executive risk:
Written premiums		$	34			$	33			$	26			$	27			$	31			$	29			$	27			$	59			$	56			$	93			$	87				$	114
Earned premiums			30				30				29				29				28				27				27				59				54				89				82					111
Current accident year before catastrophe losses			57.1		%		60.1		%		44.5		%		57.7		%		60.4		%		72.1		%		49.2		%		52.4		%		60.9		%		54.0		%		60.7		%			59.9		%
Current accident year catastrophe losses			—				—				—				—				—				—				—				—				—				—				—					—
Prior accident years before catastrophe losses			(16.3	)			4.8				60.8				(23.9	)			(17.2	)			10.3				34.8				32.4				22.3				15.9				8.9					0.4
Prior accident years catastrophe losses			—				—				—				—				—				—				—				—				—				—				—					—
Total loss and loss expense ratio			40.8		%		64.9		%		105.3		%		33.8		%		43.2		%		82.4		%		84.0		%		84.8		%		83.2		%		69.9		%		69.6		%			60.3		%
Machinery and equipment:
Written premiums		$	13			$	11			$	11			$	10			$	12			$	10			$	9			$	22			$	19			$	35			$	31				$	41
Earned premiums			11				11				10				10				10				10				9				21				19				32				29					39
Current accident year before catastrophe losses			26.7		%		45.8		%		15.0		%		11.5		%		19.9		%		23.8		%		36.0		%		30.5		%		29.8		%		29.2		%		26.4		%			22.5		%
Current accident year catastrophe losses			—				—				—				—				—				—				—				—				—				—				—					—
Prior accident years before catastrophe losses			(1.1	)			(4.9	)			8.0				(4.1	)			(3.9	)			(2.5	)			3.2				1.5				0.4				0.6				(1.1	)				(1.9	)
Prior accident years catastrophe losses			—				—				—				—				—				—				—				—				—				—				—					—
Total loss and loss expense ratio			25.6		%		40.9		%		23.0		%		7.4		%		16.0		%		21.3		%		39.2		%		32.0		%		30.2		%		29.8		%		25.3		%			20.6		%
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.

CINF Third-Quarter 2013 Supplemental Financial Data

13

Quarterly Property Casualty Data - Personal Lines
(Dollars in millions)	Three months ended																													Six months ended								Nine months ended								Twelve months ended
	12/31/13	9/30/13				6/30/13				3/31/13				12/31/12				9/30/12				6/30/12				3/31/12				6/30/13				6/30/12				9/30/13				9/30/12				12/31/13	12/31/12
Personal auto:
Written premiums		$	128			$	125			$	100			$	102			$	117			$	115			$	91			$	225			$	206			$	353			$	323				$	425
Earned premiums			112				109				107				105				101				100				98				216				198				328				299					404
Current accident year before catastrophe losses			71.7		%		85.4		%		66.9		%		71.6		%		68.2		%		78.0		%		73.5		%		76.3		%		75.8		%		74.7		%		73.2		%			72.8		%
Current accident year catastrophe losses			1.3				1.4				1.4				(0.3	)			(3.1	)			9.7				5.1				1.4				7.4				1.4				3.9					2.8
Prior accident years before catastrophe losses			(0.4	)			(10.2	)			7.9				1.4				(5.2	)			(4.7	)			(8.1	)			(1.2	)			(6.4	)			(0.9	)			(6.0	)				(4.1	)
Prior accident years catastrophe losses			(0.4	)			(0.4	)			(0.3	)			(0.1	)			(0.3	)			(0.7	)			(0.8	)			(0.4	)			(0.8	)			(0.4	)			(0.6	)				(0.5	)
Total loss and loss expense ratio			72.2		%		76.2		%		75.9		%		72.6		%		59.6		%		82.3		%		69.7		%		76.1		%		76.0		%		74.8		%		70.5		%			71.0		%
Homeowner:
Written premiums		$	118			$	116			$	89			$	93			$	105			$	103			$	77			$	205			$	180			$	323			$	285				$	378
Earned premiums			103				99				96				92				90				87				84				195				171				298				261					353
Current accident year before catastrophe losses			55.2		%		50.5		%		40.6		%		52.1		%		80.7		%		74.0		%		63.0		%		45.6		%		68.6		%		48.9		%		72.8		%			67.4		%
Current accident year catastrophe losses			18.7				30.1				9.4				10.4				28.1				59.2				60.4				19.9				59.8				19.5				48.9					38.8
Prior accident years before catastrophe losses			(3.2	)			(7.4	)			(0.7	)			(17.3	)			(11.9	)			(6.0	)			(2.9	)			(4.1	)			(4.5	)			(3.8	)			(7.1	)				(9.7	)
Prior accident years catastrophe losses			(4.2	)			(2.0	)			(2.4	)			(0.4	)			(4.9	)			(5.7	)			(9.8	)			(2.2	)			(7.7	)			(2.9	)			(6.8	)				(5.1	)
Total loss and loss expense ratio			66.5		%		71.2		%		46.9		%		44.8		%		92.0		%		121.5		%		110.7		%		59.2		%		116.2		%		61.7		%		107.8		%			91.4		%
Other personal:
Written premiums		$	32			$	32			$	26			$	27			$	31			$	32			$	25			$	58			$	57			$	90			$	88				$	115
Earned premiums			29				29				28				29				28				27				27				57				54				86				82					111
Current accident year before catastrophe losses			56.3		%		52.5		%		56.7		%		38.6		%		46.2		%		68.6		%		63.1		%		54.5		%		65.9		%		55.2		%		59.2		%			53.8		%
Current accident year catastrophe losses			5.5				4.3				1.5				4.5				18.4				6.0				11.7				2.9				8.8				3.8				12.1					10.1
Prior accident years before catastrophe losses			(39.8	)			(17.8	)			(1.5	)			(46.1	)			(30.4	)			6.2				(22.1	)			(9.5	)			(7.8	)			(19.9	)			(15.5	)				(23.5	)
Prior accident years catastrophe losses			(1.6	)			(0.9	)			(1.2	)			(0.2	)			(1.2	)			(1.2	)			(3.1	)			(1.1	)			(2.1	)			(1.3	)			(1.8	)				(1.4	)
Total loss and loss expense ratio			20.4		%		38.1		%		55.5		%		(3.2	)	%		33.0		%		79.6		%		49.6		%		46.8		%		64.8		%		37.8		%		54.0		%			39.0		%
Quarterly Property Casualty Data - Excess & Surplus Lines
(Dollars in millions)	Three months ended																													Six months ended								Nine months ended								Twelve months ended
	12/31/13	9/30/13				6/30/13				3/31/13				12/31/12				9/30/12				6/30/12				3/31/12				6/30/13				6/30/12				9/30/13				9/30/12				12/31/13	12/31/12
Excess & Surplus:
Written premiums		$	34			$	33			$	27			$	27			$	27			$	27			$	24			$	60			$	51			$	94			$	78				$	105
Earned premiums			30				28				27				25				25				22				21				55				43				85				68					93
Current accident year before catastrophe losses			67.2		%		65.7		%		73.6		%		52.3		%		87.5		%		74.6		%		78.3		%		69.6		%		76.4		%		68.7		%		80.4		%			72.8		%
Current accident year catastrophe losses			3.4				0.9				0.1				1.4				1.4				3.2				2.4				0.6				2.8				1.6				2.3					2.1
Prior accident years before catastrophe losses			(13.7	)			(0.7	)			(8.8	)			(15.3	)			(6.0	)			0.7				(0.4	)			(4.7	)			0.2				(7.9	)			(2.0	)				(5.6	)
Prior accident years catastrophe losses			(0.9	)			1.0				0.3				(0.2	)			(0.7	)			0.3				1.3				0.6				0.7				0.1				0.2					0.1
Total loss and loss expense ratio			56.0		%		66.9		%		65.2		%		38.2		%		82.2		%		78.8		%		81.6		%		66.1		%		80.1		%		62.5		%		80.9		%			69.4		%
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 Third-Quarter 2013 Supplemental Financial Data

14

Cincinnati Insurance Companies Consolidated
Loss and Loss Expense Analysis
(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 nine months ended September 30, 2013
Commercial casualty	$	185	$	98	$	283	$	—		$	22		$	(11	)	$	11		$	185		$	22		$	87	$	294
Commercial property		260		23		283		9			1			—			10			269			1			23		293
Commercial auto		194		32		226		7			4			2			13			201			4			34		239
Workers' compensation		153		32		185		(20	)		44			(6	)		18			133			44			26		203
Specialty packages		113		14		127		(37	)		4			(2	)		(35	)		76			4			12		92
Surety and executive risk		35		12		47		17			5			(4	)		18			52			5			8		65
Machinery and equipment		9		—		9		—			—			—			—			9			—			—		9
Total commercial lines		949		211		1,160		(24	)		80			(21	)		35			925			80			190		1,195
Personal auto		197		35		232		32			—			6			38			229			—			41		270
Homeowners		189		20		209		3			(27	)		(2	)		(26	)		192			(27	)		18		183
Other personal		35		3		38		8			(14	)		—			(6	)		43			(14	)		3		32
Total personal lines		421		58		479		43			(41	)		4			6			464			(41	)		62		485
Commercial casualty & property		17		8		25		10			13			5			28			27			13			13		53
Total excess & surplus lines		17		8		25		10			13			5			28			27			13			13		53
Total property casualty	$	1,387	$	277	$	1,664	$	29		$	52		$	(12	)	$	69		$	1,416		$	52		$	265	$	1,733
Ceded loss and loss expense incurred for the nine months ended September 30, 2013
Commercial casualty	$	9	$	4	$	13	$	(5	)	$	1		$	—		$	(4	)	$	4		$	1		$	4	$	9
Commercial property		9		1		10		(9	)		(4	)		—			(13	)		—			(4	)		1		(3	)
Commercial auto		—		—		—		2			—			—			2			2			—			—		2
Workers' compensation		8		—		8		(5	)		—			—			(5	)		3			—			—		3
Specialty packages		28		1		29		(32	)		(1	)		—			(33	)		(4	)		(1	)		1		(4	)
Surety and executive risk		4		—		4		(1	)		—			—			(1	)		3			—			—		3
Machinery and equipment		—		—		—		—			—			—			—			—			—			—		—
Total commercial lines		58		6		64		(50	)		(4	)		—			(54	)		8			(4	)		6		10
Personal auto		1		—		1		23			—			—			23			24			—			—		24
Homeowners		1		—		1		3			(5	)		—			(2	)		4			(5	)		—		(1	)
Other personal		—		—		—		—			—			—			—			—			—			—		—
Total personal lines		2		—		2		26			(5	)		—			21			28			(5	)		—		23
Commercial casualty & property		2		—		2		(1	)		(1	)		—			(2	)		1			(1	)		—		—
Total excess & surplus lines		2		—		2		(1	)		(1	)		—			(2	)		1			(1	)		—		—
Total property casualty	$	62	$	6	$	68	$	(25	)	$	(10	)	$	—		$	(35	)	$	37		$	(10	)	$	6	$	33
Net loss and loss expense incurred for the nine months ended September 30, 2013
Commercial casualty	$	176	$	94	$	270	$	5		$	21		$	(11	)	$	15		$	181		$	21		$	83	$	285
Commercial property		251		22		273		18			5			—			23			269			5			22		296
Commercial auto		194		32		226		5			4			2			11			199			4			34		237
Workers' compensation		145		32		177		(15	)		44			(6	)		23			130			44			26		200
Specialty packages		85		13		98		(5	)		5			(2	)		(2	)		80			5			11		96
Surety and executive risk		31		12		43		18			5			(4	)		19			49			5			8		62
Machinery and equipment		9		—		9		—			—			—			—			9			—			—		9
Total commercial lines		891		205		1,096		26			84			(21	)		89			917			84			184		1,185
Personal auto		196		35		231		9			—			6			15			205			—			41		246
Homeowners		188		20		208		—			(22	)		(2	)		(24	)		188			(22	)		18		184
Other personal		35		3		38		8			(14	)		—			(6	)		43			(14	)		3		32
Total personal lines		419		58		477		17			(36	)		4			(15	)		436			(36	)		62		462
Commercial casualty & property		15		8		23		11			14			5			30			26			14			13		53
Total excess & surplus lines		15		8		23		11			14			5			30			26			14			13		53
Total property casualty	$	1,325	$	271	$	1,596	$	54		$	62		$	(12	)	$	104		$	1,379		$	62		$	259	$	1,700

CINF Third-Quarter 2013 Supplemental Financial Data

15

Cincinnati Insurance Companies Consolidated
Loss and Loss Expense Analysis
(In millions)					Paid						Change in			Change in			Change in			Total									Loss
		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 September 30, 2013
Commercial casualty	$	57		$	33		$	90		$	(4	)	$	8		$	5		$	9		$	53		$	8		$	38		$	99
Commercial property		94			8			102			8			(5	)		1			4			102			(5	)		9			106
Commercial auto		68			11			79			5			(4	)		2			3			73			(4	)		13			82
Workers' compensation		51			9			60			1			25			—			26			52			25			9			86
Specialty packages		41			5			46			(21	)		3			(1	)		(19	)		20			3			4			27
Surety and executive risk		10			4			14			3			—			(3	)		—			13			—			1			14
Machinery and equipment		2			—			2			—			—			—			—			2			—			—			2
Total commercial lines		323			70			393			(8	)		27			4			23			315			27			74			416
Personal auto		67			11			78			17			(6	)		3			14			84			(6	)		14			92
Homeowners		78			7			85			1			(19	)		1			(17	)		79			(19	)		8			68
Other personal		12			1			13			5			(13	)		—			(8	)		17			(13	)		1			5
Total personal lines		157			19			176			23			(38	)		4			(11	)		180			(38	)		23			165
Commercial casualty & property		7			3			10			(2	)		8			1			7			5			8			4			17
Total excess & surplus lines		7			3			10			(2	)		8			1			7			5			8			4			17
Total property casualty	$	487		$	92		$	579		$	13		$	(3	)	$	9		$	19		$	500		$	(3	)	$	101		$	598
Ceded loss and loss expense incurred for the three months ended September 30, 2013
Commercial casualty	$	9		$	4		$	13		$	(5	)	$	1		$	—		$	(4	)	$	4		$	1		$	4		$	9
Commercial property		2			—			2			(4	)		(2	)		—			(6	)		(2	)		(2	)		—			(4	)
Commercial auto		—			—			—			—			—			—			—			—			—			—			—
Workers' compensation		3			—			3			—			(1	)		—			(1	)		3			(1	)		—			2
Specialty packages		8			—			8			(13	)		—			—			(13	)		(5	)		—			—			(5	)
Surety and executive risk		2			(1	)		1			—			—			—			—			2			—			(1	)		1
Machinery and equipment		—			—			—			—			—			—			—			—			—			—			—
Total commercial lines		17			—			17			(19	)		(3	)		—			(22	)		(2	)		(3	)		—			(5	)
Personal auto		—			—			—			10			—			—			10			10			—			—			10
Homeowners		(1	)		—			(1	)		3			(2	)		—			1			2			(2	)		—			—
Other personal		—			—			—			—			—			—			—			—			—			—			—
Total personal lines		(1	)		—			(1	)		13			(2	)		—			11			12			(2	)		—			10
Commercial casualty & property		1			—			1			(1	)		—			—			(1	)		—			—			—			—
Total excess & surplus lines		1			—			1			(1	)		—			—			(1	)		—			—			—			—
Total property casualty	$	17		$	—		$	17		$	(7	)	$	(5	)	$	—		$	(12	)	$	10		$	(5	)	$	—		$	5
Net loss and loss expense incurred for the three months ended September 30, 2013
Commercial casualty	$	55		$	32		$	87		$	(2	)	$	8		$	5		$	11		$	53		$	8		$	37		$	98
Commercial property		92			8			100			12			(3	)		1			10			104			(3	)		9			110
Commercial auto		68			11			79			5			(4	)		2			3			73			(4	)		13			82
Workers' compensation		48			9			57			1			26			—			27			49			26			9			84
Specialty packages		33			5			38			(8	)		3			(1	)		(6	)		25			3			4			32
Surety and executive risk		8			5			13			3			—			(3	)		—			11			—			2			13
Machinery and equipment		2			—			2			—			—			—			—			2			—			—			2
Total commercial lines		306			70			376			11			30			4			45			317			30			74			421
Personal auto		67			11			78			7			(6	)		3			4			74			(6	)		14			82
Homeowners		79			7			86			(2	)		(17	)		1			(18	)		77			(17	)		8			68
Other personal		12			1			13			5			(13	)		—			(8	)		17			(13	)		1			5
Total personal lines		158			19			177			10			(36	)		4			(22	)		168			(36	)		23			155
Commercial casualty & property		6			3			9			(1	)		8			1			8			5			8			4			17
Total excess & surplus lines		6			3			9			(1	)		8			1			8			5			8			4			17
Total property casualty	$	470		$	92		$	562		$	20		$	2		$	9		$	31		$	490		$	2		$	101		$	593

CINF Third-Quarter 2013 Supplemental Financial Data

16

Consolidated Cincinnati Insurance Companies
Quarterly Property Casualty Data - Consolidated
(Dollars in millions)	Three months ended																													Six months ended								Nine months ended								Twelve months ended
	12/31/13	9/30/13				6/30/13				3/31/13				12/31/12				9/30/12				6/30/12				3/31/12				6/30/13				6/30/12				9/30/13				9/30/12				12/31/13	12/31/12
Premiums
Agency renewal written premiums		$	915			$	879			$	845			$	771			$	807			$	798			$	762			$	1,724			$	1,560			$	2,639			$	2,367				$	3,138
Agency new business written premiums			141				139				135				132				130				131				108				274				239				415				369					501
Other written premiums			(25	)			(34	)			(10	)			(66	)			(38	)			(26	)			(27	)			(44	)			(53	)			(69	)			(91	)				(157	)
Reported written premiums – statutory*		$	1,031			$	984			$	970			$	837			$	899			$	903			$	843			$	1,954			$	1,746			$	2,985			$	2,645				$	3,482
Unearned premium change			(77	)			(74	)			(81	)			32				(48	)			(77	)			(45	)			(155	)			(122	)			(232	)			(170	)				(138	)
Earned premiums		$	954			$	910			$	889			$	869			$	851			$	826			$	798			$	1,799			$	1,624			$	2,753			$	2,475				$	3,344
Year over year change %
Agency renewal written premiums			13		%		10		%		11		%		8		%		11		%		11		%		8		%		11		%		9		%		11		%		10		%			9		%
Agency new business written premiums			8				6				25				28				13				12				6				15				9				12				10					15
Other written premiums			34				(31	)			63				(20	)			30				61				13				17				45				24				40					24
Reported written premiums – statutory*			15				9				15				10				14				18				8				12				13				13				13					12
Paid losses and loss expenses
Losses paid		$	470			$	431			$	424			$	459			$	507			$	475			$	415			$	855			$	890			$	1,325			$	1,399				$	1,858
Loss expenses paid			92				90				89				96				88				97				90				179				189				271				275					371
Loss and loss expenses paid		$	562			$	521			$	513			$	555			$	595			$	572			$	505			$	1,034			$	1,079			$	1,596			$	1,674				$	2,229
Statutory combined ratio
Loss ratio			51.7		%		56.3		%		48.9		%		40.6		%		52.8		%		66.7		%		55.9		%		52.7		%		61.4		%		52.3		%		58.4		%			53.8		%
Allocated loss expense ratio			4.4				1.1				3.9				3.4				3.7				4.5				5.5				2.4				5.0				3.1				4.6					4.3
Unallocated loss expense ratio			6.1				6.6				6.2				5.9				5.2				6.3				6.1				6.4				6.3				6.3				5.9					5.8
Net underwriting expense ratio			30.1				30.6				29.9				33.0				31.8				30.2				31.3				30.3				30.7				30.3				31.1					31.5
Statutory combined ratio			92.3		%		94.6		%		88.9		%		82.9		%		93.5		%		107.7		%		98.8		%		91.8		%		103.4		%		92.0		%		100.0		%			95.4		%
Contribution from catastrophe losses			5.7				8.3				1.2				3.4				8.0				17.8				11.1				4.8				14.6				5.1				12.3					10.0
Statutory combined ratio excl. catastrophe losses			86.6		%		86.3		%		87.7		%		79.5		%		85.5		%		89.9		%		87.7		%		87.0		%		88.8		%		86.9		%		87.7		%			85.4		%
Commission expense ratio			18.5		%		18.5		%		17.9		%		20.4		%		18.4		%		18.1		%		18.9		%		18.2		%		18.5		%		18.3		%		18.5		%			18.9		%
Other expense ratio			11.6				12.1				12.0				12.6				13.4				12.1				12.4				12.1				12.2				12.0				12.6					12.6
Statutory expense ratio			30.1		%		30.6		%		29.9		%		33.0		%		31.8		%		30.2		%		31.3		%		30.3		%		30.7		%		30.3		%		31.1		%			31.5		%
GAAP combined ratio
GAAP combined ratio			93.7		%		96.4		%		91.2		%		81.9		%		94.8		%		109.5		%		99.1		%		93.9		%		104.4		%		93.8		%		101.1		%			96.1		%
Contribution from catastrophe losses			5.7				8.3				1.2				3.4				8.0				17.8				11.1				4.8				14.6				5.1				12.3					10.0
GAAP combined ratio excl. catastrophe losses			88.0		%		88.1		%		90.0		%		78.5		%		86.8		%		91.7		%		88.0		%		89.1		%		89.8		%		88.7		%		88.8		%			86.1		%
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 Third-Quarter 2013 Supplemental Financial Data

17

Consolidated Cincinnati Insurance Companies
Quarterly Property Casualty Data - Commercial Lines
(Dollars in millions)	Three months ended																													Six months ended								Nine months ended								Twelve months ended
	12/31/13	9/30/13				6/30/13				3/31/13				12/31/12				9/30/12				6/30/12				3/31/12				6/30/13				6/30/12				9/30/13				9/30/12				12/31/13	12/31/12
Premiums
Agency renewal written premiums		$	632			$	602			$	631			$	549			$	557			$	552			$	571			$	1,233			$	1,123			$	1,865			$	1,680				$	2,229
Agency new business written premiums			102				100				97				96				90				91				75				197				166				299				256					352
Other written premiums			(15	)			(24	)			—				(57	)			(28	)			(17	)			(20	)			(24	)			(37	)			(39	)			(65	)				(122	)
Reported written premiums – statutory*		$	719			$	678			$	728			$	588			$	619			$	626			$	626			$	1,406			$	1,252			$	2,125			$	1,871				$	2,459
Unearned premium change			(39	)			(33	)			(97	)			30				(12	)			(36	)			(58	)			(130	)			(94	)			(169	)			(106	)				(76	)
Earned premiums		$	680			$	645			$	631			$	618			$	607			$	590			$	568			$	1,276			$	1,158			$	1,956			$	1,765				$	2,383
Year over year change %
Agency renewal written premiums			13		%		9		%		11		%		7		%		10		%		10		%		5		%		10		%		8		%		11		%		8		%			8		%
Agency new business written premiums			13				10				29				30				11				12				6				19				9				17				10					15
Other written premiums			46				(41	)			100				(36	)			32				61				20				35				46				40				41					20
Reported written premiums – statutory*			16				8				16				8				13				17				6				12				11				14				12					11
Paid losses and loss expenses
Losses paid		$	306			$	286			$	297			$	321			$	331			$	320			$	282			$	585			$	602			$	891			$	937				$	1,258
Loss expenses paid			70				68				68				72				67				74				74				135				149				205				216					288
Loss and loss expenses paid		$	376			$	354			$	365			$	393			$	398			$	394			$	356			$	720			$	751			$	1,096			$	1,153				$	1,546
Statutory combined ratio
Loss ratio			51.1		%		54.9		%		47.3		%		40.5		%		49.5		%		59.6		%		48.0		%		51.2		%		54.0		%		51.2		%		52.4		%			49.3		%
Allocated loss expense ratio			5.1				0.6				4.3				3.6				4.0				5.0				6.8				2.5				5.8				3.4				5.2					4.7
Unallocated loss expense ratio			5.7				6.4				6.2				5.6				4.5				5.5				6.3				6.2				5.9				6.0				5.4					5.5
Net underwriting expense ratio			30.8				31.5				29.0				34.4				33.1				31.7				31.3				30.2				31.5				30.4				32.0					32.6
Statutory combined ratio			92.7		%		93.4		%		86.8		%		84.1		%		91.1		%		101.8		%		92.4		%		90.1		%		97.2		%		91.0		%		95.0		%			92.1		%
Contribution from catastrophe losses			5.4				7.1				0.4				3.1				7.5				15.2				6.8				3.8				11.2				4.4				9.9					8.2
Statutory combined ratio excl. catastrophe losses			87.3		%		86.3		%		86.4		%		81.0		%		83.6		%		86.6		%		85.6		%		86.3		%		86.0		%		86.6		%		85.1		%			83.9		%
Commission expense ratio			18.0		%		17.9		%		16.5		%		20.2		%		18.3		%		17.8		%		17.9		%		17.2		%		17.8		%		17.4		%		18.0		%			18.5		%
Other expense ratio			12.8				13.6				12.5				14.2				14.8				13.9				13.4				13.0				13.7				13.0				14.0					14.1
Statutory expense ratio			30.8		%		31.5		%		29.0		%		34.4		%		33.1		%		31.7		%		31.3		%		30.2		%		31.5		%		30.4		%		32.0		%			32.6		%
GAAP combined ratio
GAAP combined ratio			93.7		%		94.9		%		90.8		%		82.9		%		90.2		%		103.5		%		94.2		%		92.9		%		98.9		%		93.2		%		95.9		%			92.5		%
Contribution from catastrophe losses			5.4				7.1				0.4				3.1				7.5				15.2				6.8				3.8				11.2				4.4				9.9					8.2
GAAP combined ratio excl. catastrophe losses			88.3		%		87.8		%		90.4		%		79.8		%		82.7		%		88.3		%		87.4		%		89.1		%		87.7		%		88.8		%		86.0		%			84.3		%
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 Third-Quarter 2013 Supplemental Financial Data

18

Consolidated Cincinnati Insurance Companies
Quarterly Property Casualty Data - Personal Lines
(Dollars in millions)	Three months ended																													Six months ended								Nine months ended								Twelve months ended
	12/31/13	9/30/13				6/30/13				3/31/13				12/31/12				9/30/12				6/30/12				3/31/12				6/30/13				6/30/12				9/30/13				9/30/12				12/31/13	12/31/12
Premiums
Agency renewal written premiums		$	258			$	251			$	195			$	203			$	231			$	227			$	175			$	446			$	402			$	704			$	633				$	836
Agency new business written premiums			28				30				28				27				31				29				24				58				53				86				84					111
Other written premiums			(8	)			(8	)			(8	)			(8	)			(9	)			(6	)			(6	)			(16	)			(12	)			(24	)			(21	)				(29	)
Reported written premiums – statutory*		$	278			$	273			$	215			$	222			$	253			$	250			$	193			$	488			$	443			$	766			$	696				$	918
Unearned premium change			(34	)			(36	)			16				4				(34	)			(36	)			16				(20	)			(20	)			(54	)			(54	)				(50	)
Earned premiums		$	244			$	237			$	231			$	226			$	219			$	214			$	209			$	468			$	423			$	712			$	642				$	868
Year over year change %
Agency renewal written premiums			12		%		11		%		11		%		10		%		11		%		11		%		12		%		11		%		11		%		11		%		11		%			11		%
Agency new business written premiums			(10	)			3				17				23				24				12				9				9				10				2				15					17
Other written premiums			11				(33	)			(33	)			27				25				71				(20	)			(33	)			54				(14	)			45					41
Reported written premiums – statutory*			10				9				11				13				14				19				12				10				16				10				15					15
Paid losses and loss expenses
Losses paid		$	158			$	141			$	122			$	133			$	169			$	151			$	130			$	261			$	280			$	419			$	450				$	583
Loss expenses paid			19				19				19				22				19				21				15				39				37				58				54					76
Loss and loss expenses paid		$	177			$	160			$	141			$	155			$	188			$	172			$	145			$	300			$	317			$	477			$	504				$	659
Statutory combined ratio
Loss ratio			54.1		%		60.6		%		53.6		%		43.3		%		60.7		%		87.2		%		76.2		%		57.2		%		81.8		%		56.0		%		74.6		%			66.4		%
Allocated loss expense ratio			2.1				1.5				1.4				1.7				1.9				1.9				1.8				1.5				1.8				1.7				1.8					1.8
Unallocated loss expense ratio			7.5				7.4				6.3				6.5				6.9				8.8				5.6				6.8				7.2				7.1				7.2					7.0
Net underwriting expense ratio			28.4				28.5				32.8				29.2				28.8				26.5				31.2				30.4				28.6				29.7				28.6					28.8
Statutory combined ratio			92.1		%		98.0		%		94.1		%		80.7		%		98.3		%		124.4		%		114.8		%		95.9		%		119.4		%		94.5		%		112.2		%			104.0		%
Contribution from catastrophe losses			7.0				12.6				3.5				4.4				10.2				26.6				23.5				8.1				25.0				7.7				19.9					15.9
Statutory combined ratio excl. catastrophe losses			85.1		%		85.4		%		90.6		%		76.3		%		88.1		%		97.8		%		91.3		%		87.8		%		94.4		%		86.8		%		92.3		%			88.1		%
Commission expense ratio			19.0		%		19.0		%		21.7		%		20.4		%		17.9		%		18.2		%		21.3		%		20.2		%		19.6		%		19.7		%		18.9		%			19.3		%
Other expense ratio			9.4				9.5				11.1				8.8				10.9				8.3				9.9				10.2				9.0				10.0				9.7					9.5
Statutory expense ratio			28.4		%		28.5		%		32.8		%		29.2		%		28.8		%		26.5		%		31.2		%		30.4		%		28.6		%		29.7		%		28.6		%			28.8		%
GAAP combined ratio
GAAP combined ratio			94.5		%		100.4		%		91.6		%		80.0		%		105.7		%		126.1		%		110.9		%		96.1		%		118.6		%		95.5		%		114.2		%			105.3		%
Contribution from catastrophe losses			7.0				12.6				3.5				4.4				10.2				26.6				23.5				8.1				25.0				7.7				19.9					15.9
GAAP combined ratio excl. catastrophe losses			87.5		%		87.8		%		88.1		%		75.6		%		95.5		%		99.5		%		87.4		%		88.0		%		93.6		%		87.8		%		94.3		%			89.4		%
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 Third-Quarter 2013 Supplemental Financial Data

19

Consolidated Cincinnati Insurance Companies
Quarterly Property Casualty Data - Excess & Surplus Lines
(Dollars in millions)	Three months ended																													Six months ended								Nine months ended								Twelve months ended
	12/31/13	9/30/13				6/30/13				3/31/13				12/31/12				9/30/12				6/30/12				3/31/12				6/30/13				6/30/12				9/30/13				9/30/12				12/31/13	12/31/12
Premiums
Agency renewal written premiums		$	25			$	26			$	19			$	19			$	19			$	19			$	16			$	45			$	35			$	70			$	54				$	73
Agency new business written premiums			11				9				10				9				9				11				9				19				20				30				29					38
Other written premiums			(2	)			(2	)			(2	)			(1	)			(1	)			(3	)			(1	)			(4	)			(4	)			(6	)			(5	)				(6	)
Reported written premiums – statutory*		$	34			$	33			$	27			$	27			$	27			$	27			$	24			$	60			$	51			$	94			$	78				$	105
Unearned premium change			(4	)			(5	)			—				(2	)			(2	)			(5	)			(3	)			(5	)			(8	)			(9	)			(10	)				(12	)
Earned premiums		$	30			$	28			$	27			$	25			$	25			$	22			$	21			$	55			$	43			$	85			$	68				$	93
Year over year change %
Agency renewal written premiums			32		%		37		%		19		%		46		%		36		%		58		%		60		%		29		%		59		%		30		%		50		%			49		%
Agency new business written premiums			22				(18	)			11				29				0				10				0				(5	)			5				3				4					9
Other written premiums			(100	)			33				(100	)			50				0				(200	)			0				0				(100	)			(20	)			(67	)				(20	)
Reported written premiums – statutory*			26				22				13				50				23				29				33				18				31				21				28					33
Paid losses and loss expenses
Losses paid		$	6			$	4			$	5			$	5			$	5			$	4			$	3			$	9			$	7			$	15			$	12				$	17
Loss expenses paid			3				3				2				2				2				2				1				5				3				8				5					7
Loss and loss expenses paid		$	9			$	7			$	7			$	7			$	7			$	6			$	4			$	14			$	10			$	23			$	17				$	24
Statutory combined ratio
Loss ratio			43.5		%		52.1		%		47.2		%		19.5		%		64.5		%		59.8		%		65.7		%		49.7		%		62.7		%		47.4		%		63.3		%			51.5		%
Allocated loss expense ratio			7.0				9.3				11.9				14.0				11.9				15.1				10.6				10.6				12.8				9.4				12.6					13.0
Unallocated loss expense ratio			5.5				5.5				6.1				4.7				5.8				3.9				5.3				5.8				4.6				5.7				5.0					4.9
Net underwriting expense ratio			30.9				30.9				33.3				32.3				30.9				30.6				31.9				32.0				31.2				31.6				31.1					31.4
Statutory combined ratio			86.9		%		97.8		%		98.5		%		70.5		%		113.1		%		109.4		%		113.5		%		98.1		%		111.3		%		94.1		%		112.0		%			100.8		%
Contribution from catastrophe losses			2.5				1.9				0.4				1.2				0.7				3.5				3.7				1.2				3.5				1.7				2.5					2.2
Statutory combined ratio excl. catastrophe losses			84.4		%		95.9		%		98.1		%		69.3		%		112.4		%		105.9		%		109.8		%		96.9		%		107.8		%		92.4		%		109.5		%			98.6		%
Commission expense ratio			26.3		%		26.3		%		26.9		%		26.4		%		25.4		%		25.3		%		26.5		%		26.6		%		25.8		%		26.5		%		25.7		%			25.9		%
Other expense ratio			4.6				4.6				6.4				5.9				5.5				5.3				5.4				5.4				5.4				5.1				5.4					5.5
Statutory expense ratio			30.9		%		30.9		%		33.3		%		32.3		%		30.9		%		30.6		%		31.9		%		32.0		%		31.2		%		31.6		%		31.1		%			31.4		%
GAAP combined ratio
GAAP combined ratio			86.7		%		98.7		%		98.0		%		71.5		%		111.5		%		110.7		%		113.6		%		98.4		%		112.1		%		94.2		%		111.9		%			101.0		%
Contribution from catastrophe losses			2.5				1.9				0.4				1.2				0.7				3.5				3.7				1.2				3.5				1.7				2.5					2.2
GAAP combined ratio excl. catastrophe losses			84.2		%		96.8		%		97.6		%		70.3		%		110.8		%		107.2		%		109.9		%		97.2		%		108.6		%		92.5		%		109.4		%			98.8		%
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 Third-Quarter 2013 Supplemental Financial Data

20

The Cincinnati Life Insurance Company
Statutory Statements of Income
	For the Three Months Ended September 30,											For the Nine Months Ended September 30,
(Dollars in millions)	2013			2012			Change			% Change		2013			2012			Change			% Change
Net premiums written	$	56		$	58		$	(2	)	(2	)	$	176		$	184		$	(8	)	(4	)
Net investment income		36			36			—		nm			107			105			2		1
Amortization of interest maintenance reserve		1			1			—		nm			1			1			—		nm
Commissions and expense allowances on reinsurance ceded		1			1			—		nm			4			5			(1	)	(5	)
Income from fees associated with Separate Accounts		1			—			1		227			3			1			2		272
Total revenues	$	95		$	96		$	(1	)	(1	)	$	291		$	296		$	(5	)	(2	)
Death benefits and matured endowments	$	19		$	19		$	—		nm		$	55		$	54		$	1		2
Annuity benefits		12			9			3		30			37			36			1		3
Disability benefits and benefits under accident and health contracts		1			1			—		nm			1			1			—		nm
Surrender benefits and group conversions		6			5			1		22			18			17			1		9
Interest and adjustments on deposit-type contract funds		3			3			—		nm			8			9			(1	)	(11	)
Increase in aggregate reserves for life and accident and health contracts		55			38			17		45			138			121			17		14
Payments on supplementary contracts with life contingencies		—			—			—		nm			—			—			—		nm
Total benefit expenses	$	96		$	75		$	21		27		$	257		$	238		$	19		8
Commissions	$	9		$	9		$	—		nm		$	29		$	29		$	—		nm
General insurance expenses and taxes		10			10			—		nm			32			31			1		5
Increase in loading on deferred and uncollected premiums		—			(1	)		1		56			(5	)		(3	)		(2	)	(68	)
Net transfers from Separate Accounts		—			—			—		nm			—			—			—		nm
Other deductions		—			—			—		nm			—			—			—		nm
Total operating expenses	$	19		$	18		$	1		6		$	56		$	57		$	(1	)	(1	)
Federal and foreign income tax (benefit)		(5	)		—			(5	)	nm			(4	)		(1	)		(3	)	(283	)
Net loss from operations before realized capital gains	$	(15	)	$	3		$	(18	)	nm		$	(18	)	$	2		$	(20	)	nm
Net realized gains net of capital gains tax		—			1			(1	)	nm			1			1			—		nm
Net income (loss) (statutory)	$	(15	)	$	4		$	(19	)	nm		$	(17	)	$	3		$	(20	)	nm

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.

CINF Third-Quarter 2013 Supplemental Financial Data

21