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Supplementary Information Concerning Property Casualty Insurance Operations
12 Months Ended
Dec. 31, 2016
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
(Dollars in millions)
 
Years ended December 31,
 
 
2016
 
2015
 
2014
Deferred policy acquisition costs:
 
 

 
 

 
 

Commercial lines insurance
 
$
271

 
$
264

 
$
257

Personal lines insurance
 
110

 
103

 
108

Excess and surplus lines insurance
 
16

 
15

 
14

Cincinnati Re
 
11

 
6

 

Total
 
$
408

 
$
388

 
$
379

 
 
 
 
 
 
 
Reserves for unpaid claims and claim adjustment expenses:
 
 

 
 

 
 

Commercial lines insurance
 
$
4,179

 
$
3,925

 
$
3,797

Personal lines insurance
 
569

 
498

 
439

Excess and surplus lines insurance
 
241

 
227

 
202

Cincinnati Re
 
46

 
10

 

Total
 
$
5,035

 
$
4,660

 
$
4,438

 
 
 
 
 
 
 
Reserve discount deducted
 
$

 
$

 
$

 
 
 
 
 
 
 
Gross unearned premiums:
 
 

 
 

 
 

Commercial lines insurance
 
$
1,510

 
$
1,472

 
$
1,441

Personal lines insurance
 
629

 
593

 
562

Excess and surplus lines insurance
 
93

 
87

 
78

Cincinnati Re
 
74

 
48

 

Total
 
$
2,306

 
$
2,200

 
$
2,081

 
 
 
 
 
 
 
Earned premiums:
 
 

 
 

 
 

Commercial lines insurance
 
$
3,089

 
$
2,996

 
$
2,856

Personal lines insurance
 
1,161

 
1,097

 
1,041

Excess and surplus lines insurance
 
183

 
168

 
148

Cincinnati Re
 
49

 
10

 

Total
 
$
4,482

 
$
4,271

 
$
4,045

 
 
 
 
 
 
 
Investment income, net of expenses:
 
 

 
 

 
 

Commercial lines insurance
 
$

 
$

 
$

Personal lines insurance
 

 

 

Excess and surplus lines insurance
 

 

 

Cincinnati Re
 

 

 

Total (1)
 
$
384

 
$
368

 
$
358

 
 
 
 
 
 
 

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.

 Schedule VI (continued)
Cincinnati Financial Corporation and Subsidiaries
Supplementary Information Concerning Property Casualty Insurance Operations
(Dollars in millions)
 
Years ended December 31,
 
 
2016
 
2015
 
2014
Loss and loss expenses incurred related to current accident year:
 
 

 
 

 
 

Commercial lines insurance
 
$
2,057

 
$
1,862

 
$
1,869

Personal lines insurance
 
844

 
784

 
752

Excess and surplus lines insurance
 
102

 
105

 
104

Cincinnati Re
 
26

 
5

 

Total
 
$
3,029

 
$
2,756

 
$
2,725

 
 
 
 
 
 
 
Loss and loss expenses incurred related to prior accident years:
 
 

 
 

 
 

Commercial lines insurance
 
$
(129
)
 
$
(154
)
 
$
(57
)
Personal lines insurance
 
(4
)
 
5

 
(12
)
Excess and surplus lines insurance
 
(34
)
 
(35
)
 
(29
)
Cincinnati Re
 
(1
)
 

 

Total
 
$
(168
)
 
$
(184
)
 
$
(98
)
 
 
 
 
 
 
 
Amortization of deferred policy acquisition costs:
 
 

 
 

 
 

Commercial lines insurance
 
$
570

 
$
552

 
$
537

Personal lines insurance
 
209

 
210

 
209

Excess and surplus lines insurance
 
31

 
28

 
24

Cincinnati Re
 
10

 
2

 

Total
 
$
820

 
$
792

 
$
770

 
 
 
 
 
 
 
Paid loss and loss expenses:
 
 

 
 

 
 

Commercial lines insurance
 
$
1,675

 
$
1,575

 
$
1,666

Personal lines insurance
 
771

 
731

 
717

Excess and surplus lines insurance
 
55

 
43

 
30

Cincinnati Re
 
2

 

 

Total
 
$
2,503

 
$
2,349

 
$
2,413

 
 
 
 
 
 
 
Net written premiums:
 
 

 
 

 
 

Commercial lines insurance
 
$
3,122

 
$
3,025

 
$
2,922

Personal lines insurance
 
1,198

 
1,128

 
1,068

Excess and surplus lines insurance
 
189

 
175

 
153

Cincinnati Re
 
71

 
33

 

Total
 
$
4,580

 
$
4,361

 
$
4,143