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Supplementary Information Concerning Property Casualty Insurance Operations
12 Months Ended
Dec. 31, 2013
Supplemental Information for Property, Casualty Insurance Underwriters [Abstract]  
Supplementary Information Concerning Property Casualty Insurance Operations
Schedule VI
Cincinnati Financial Corporation and Subsidiaries
Supplementary Information Concerning Property Casualty Insurance Operations
(In millions)
 
Years ended December 31,
 
 
2013
 
2012
 
2011
Deferred policy acquisition costs:
 
 

 
 

 
 

Commercial lines insurance
 
$
251

 
$
235

 
$
204

Personal lines insurance
 
104

 
93

 
92

Excess and surplus lines insurance
 
11

 
9

 
7

Total
 
$
366

 
$
337

 
$
303

 
 
 
 
 
 
 
Reserves for unpaid claims and claim adjustment expenses:
 
 

 
 

 
 

Commercial lines insurance
 
$
3,667

 
$
3,645

 
$
3,780

Personal lines insurance
 
417

 
398

 
419

Excess and surplus lines insurance
 
157

 
126

 
81

Total
 
$
4,241

 
$
4,169

 
$
4,280

 
 
 
 
 
 
 
Reserve discount deducted
 
$

 
$

 
$

 
 
 
 
 
 
 
Unearned premiums:
 
 

 
 

 
 

Commercial lines insurance
 
$
1,370

 
$
1,246

 
$
1,149

Personal lines insurance
 
534

 
490

 
440

Excess and surplus lines insurance
 
66

 
54

 
42

Total
 
$
1,970

 
$
1,790

 
$
1,631

 
 
 
 
 
 
 
Earned premiums:
 
 

 
 

 
 

Commercial lines insurance
 
$
2,636

 
$
2,383

 
$
2,197

Personal lines insurance
 
961

 
868

 
762

Excess and surplus lines insurance
 
116

 
93

 
70

Total
 
$
3,713

 
$
3,344

 
$
3,029

 
 
 
 
 
 
 
Investment income:
 
 

 
 

 
 

Commercial lines insurance
 
$

 
$

 
$

Personal lines insurance
 

 

 

Excess and surplus lines insurance
 

 

 

Total (1)
 
$
348

 
$
351

 
$
350

 
 
 
 
 
 
 
Loss and loss expenses incurred related to current accident year:
 
 

 
 

 
 

Commercial lines insurance
 
$
1,691

 
$
1,712

 
$
1,804

Personal lines insurance
 
678

 
751

 
765

Excess and surplus lines insurance
 
79

 
70

 
51

Total
 
$
2,448

 
$
2,533

 
$
2,620

 
 
 
 
 
 
 
Loss and loss expenses incurred related to prior accident years:
 
 

 
 

 
 

Commercial lines insurance
 
$
(95
)
 
$
(292
)
 
$
(234
)
Personal lines insurance
 
(39
)
 
(99
)
 
(42
)
Excess and surplus lines insurance
 
(13
)
 
(5
)
 
(9
)
Total
 
$
(147
)
 
$
(396
)
 
$
(285
)
 
 
 
 
 
 
 
Amortization of deferred policy acquisition costs:
 
 

 
 

 
 

Commercial lines insurance
 
$
514

 
$
461

 
$
441

Personal lines insurance
 
192

 
183

 
144

Excess and surplus lines insurance
 
21

 
17

 
13

Total
 
$
727

 
$
661

 
$
598

 
 
 
 
 
 
 
Paid loss and loss expenses:
 
 

 
 

 
 

Commercial lines insurance
 
$
1,498

 
$
1,546

 
$
1,545

Personal lines insurance
 
639

 
659

 
676

Excess and surplus lines insurance
 
35

 
24

 
20

Total
 
$
2,172

 
$
2,229

 
$
2,241

 
 
 
 
 
 
 
Net written premiums:
 
 

 
 

 
 

Commercial lines insurance
 
$
2,760

 
$
2,459

 
$
2,218

Personal lines insurance
 
1,005

 
918

 
801

Excess and surplus lines insurance
 
128

 
105

 
79

Total
 
$
3,893

 
$
3,482

 
$
3,098

 
 
 
 
 
 
 
Note to Schedule VI:
(1) This segment information is not regularly allocated to segments and not reviewed by company management in making decisions about resources to be allocated to the segments or to assess their performance.