Supplementary Insurance Information

12 Months Ended

Dec. 31, 2017

Supplementary Insurance Information [Abstract]

Supplementary Insurance Information

Schedule III

Cincinnati Financial Corporation and Subsidiaries
Supplementary Insurance Information
(Dollars in millions)	Years ended December 31,
	2017		2016		2015
Deferred policy acquisition costs:
Commercial lines insurance	$	284	$	271	$	264
Personal lines insurance	121		110		103
Excess and surplus lines insurance	17		16		15
Cincinnati Re	16		11		6
Total property casualty insurance	438		408		388
Life insurance	232		229		228
Total	$	670	$	637	$	616
Gross future policy benefits, losses, claims and expense losses:
Commercial lines insurance	$	4,236	$	4,179	$	3,925
Personal lines insurance	587		569		498
Excess and surplus lines insurance	264		241		227
Cincinnati Re	132		46		10
Total property casualty insurance	5,219		5,035		4,660
Life insurance	2,753		2,693		2,605
Total (1)	$	7,972	$	7,728	$	7,265
Gross unearned premiums:
Commercial lines insurance	$	1,548	$	1,510	$	1,472
Personal lines insurance	683		629		593
Excess and surplus lines insurance	105		93		87
Cincinnati Re	67		74		48
Total property casualty insurance	2,403		2,306		2,200
Life insurance	1		1		1
Total (1)	$	2,404	$	2,307	$	2,201
Other policy claims and benefits payable:
Commercial lines insurance	$	—	$	—	$	—
Personal lines insurance	—		—		—
Excess and surplus lines insurance	—		—		—
Cincinnati Re	—		—		—
Total property casualty insurance	—		—		—
Life insurance	30		28		36
Total (1)	$	30	$	28	$	36
Earned premiums:
Commercial lines insurance	$	3,165	$	3,089	$	2,996
Personal lines insurance	1,241		1,161		1,097
Excess and surplus lines insurance	209		183		168
Cincinnati Re	107		49		10
Total property casualty insurance	4,722		4,482		4,271
Life insurance	232		228		209
Total	$	4,954	$	4,710	$	4,480

Schedule III (continued)

Cincinnati Financial Corporation and Subsidiaries
Supplementary Insurance Information
(Dollars in millions)	Years ended December 31,
	2017		2016		2015
Investment income, net of expenses:
Commercial lines insurance	$	—	$	—	$	—
Personal lines insurance	—		—		—
Excess and surplus lines insurance	—		—		—
Cincinnati Re	—		—		—
Total property casualty insurance (2)	392		384		368
Life insurance	155		155		150
Total	$	547	$	539	$	518
Benefits, claims losses and settlement expenses:
Commercial lines insurance	$	2,042	$	1,928	$	1,708
Personal lines insurance	918		840		789
Excess and surplus lines insurance	86		68		70
Cincinnati Re	92		25		5
Total property casualty insurance	3,138		2,861		2,572
Life insurance	252		246		236
Total	$	3,390	$	3,107	$	2,808
Amortization of deferred policy acquisition costs:
Commercial lines insurance	$	590	$	570	$	552
Personal lines insurance	225		209		210
Excess and surplus lines insurance	35		31		28
Cincinnati Re	17		10		2
Total property casualty insurance	867		820		792
Life insurance	46		43		37
Total (3)	$	913	$	863	$	829
Underwriting, acquisition and insurance expenses:
Commercial lines insurance	$	419	$	412	$	395
Personal lines insurance	135		128		113
Excess and surplus lines insurance	28		23		20
Cincinnati Re	18		6		1
Total property casualty insurance	600		569		529
Life insurance	33		33		29
Total (3)	$	633	$	602	$	558
Net written premiums:
Commercial lines insurance	$	3,202	$	3,122	$	3,025
Personal lines insurance	1,294		1,198		1,128
Excess and surplus lines insurance	219		189		175
Cincinnati Re	125		71		33
Total property casualty insurance	4,840		4,580		4,361
Accident health insurance	3		2		2
Total	$	4,843	$	4,582	$	4,363

Notes to Schedule III:

(1) The sum of gross future policy benefits, losses, claims and expense losses, gross unearned premium and other policy claims and benefits payable is equal to the sum of Loss and loss expense reserves, Life policy reserves and investment contract reserves and Unearned premiums reported in the company’s consolidated balance sheets.

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

(3) The sum of amortization of deferred policy acquisition costs and other underwriting and insurance expenses is equal to Underwriting, acquisition and insurance expenses in the consolidated statements of income.