Cincinnati Financial Corporation

Supplemental Financial Data

for the period ending June 30, 2018

6200 South Gilmore Road

Fairfield, Ohio 45014-5141

cinfin.com

Investor Contact:	Media Contact:	Shareholder Contact:
Dennis E. McDaniel	Betsy E. Ertel	Brandon McIntosh
513-870-2768	513-603-5323	513-870-2696

	A.M. Best	Fitch	Moody's	S&P
Cincinnati Financial Corporation
Corporate Debt	a-	A-	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 July 25, 2018, 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 Second-Quarter 2018 Supplemental Financial Data

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	Cincinnati Financial Corporation
	Supplemental Financial Data
	for the period ending June 30, 2018
		Page
	Definitions of Non-GAAP Information and Reconciliation to Comparable GAAP Measures	3
Consolidated
	CFC and Subsidiaries Consolidation – Six Months Ended June 30, 2018	4
	CFC and Subsidiaries Consolidation – Three Months Ended June 30, 2018	5
Consolidated Property Casualty Insurance Operations
	Statutory Statements of Income	6
	Consolidated Cincinnati Insurance Companies – Losses Incurred Detail	7
	Consolidated Cincinnati Insurance Companies – Loss Ratio Detail	8
	Consolidated Cincinnati Insurance Companies – Loss Claim Count Detail	9
	Direct Written Premiums by Risk State by Line of Business	10
	Quarterly Property Casualty Data – Commercial Lines	11
	Quarterly Property Casualty Data – Personal Lines and Excess & Surplus Lines	12
	Loss and Loss Expense Analysis – Six Months Ended June 30, 2018	13
	Loss and Loss Expense Analysis – Three Months Ended June 30, 2018	14
Reconciliation Data
	Quarterly Property Casualty Data – Consolidated	15
	Quarterly Property Casualty Data – Commercial Lines	16
	Quarterly Property Casualty Data – Personal Lines	17
	Quarterly Property Casualty Data – Excess & Surplus Lines	18
Life Insurance Operations
	Statutory Statements of Income	19
Noninsurance Operations and Cincinnati Re
	Quarterly Data – Other	20

CINF Second-Quarter 2018 Supplemental Financial Data

2

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 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 results 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; supplement reporting segment disclosures with disclosures for a subsidiary company or for a combination of subsidiaries or reporting segments; or relate to accounting refinements that affect comparability between periods, creating a need to analyze data on the same basis.

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

• Consolidated property casualty insurance results: To supplement reporting segment disclosures related to our property casualty insurance operations, we also evaluate results for those operations on a basis that includes results for our property casualty insurance and brokerage services subsidiaries. That is the total of our commercial lines, personal lines and our excess and surplus lines segment plus our reinsurance assumed operations.

• Life insurance subsidiary results: To supplement life insurance reporting segment disclosures related to our life insurance operation, we also evaluate results for that operation on a basis that includes life insurance subsidiary investment income, or investment income plus investment gains and losses, that are also included in our investments reporting segment. We recognize that assets under management, capital appreciation and investment income are integral to evaluating the success of the life insurance segment because of the long duration of life products.

Other Measures

• 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 measure is useful, 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 and differ from GAAP. 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 Second-Quarter 2018 Supplemental Financial Data

3

Cincinnati Financial Corporation and Subsidiaries
Consolidated Statements of Income for the Six Months Ended June 30, 2018
(Dollars in millions)	CFC			CONSOL P&C			CLIC			CFC-I		ELIM			Total
Revenues
Premiums earned:
Property casualty	$	—		$	2,511		$	—		$	—	$	—		$	2,511
Life	—			—			158			—		—			158
Premiums ceded	—			(81		)	(34		)	—		—			(115		)
Total earned premium	—			2,430			124			—		—			2,554
Investment income, net of expenses	30			198			76			—		—			304
Investment gains and losses, net	19			(105		)	—			—		—			(86		)
Fee revenues	—			6			2			—		—			8
Other revenues	8			—			—			2		(8		)	2
Total revenues	$	57		$	2,529		$	202		$	2	$	(8	)	$	2,782
Benefits & expenses
Losses & contract holders' benefits	$	—		$	1,631		$	146		$	—	$	—		$	1,777
Reinsurance recoveries	—			(19		)	(21		)	—		—			(40		)
Underwriting, acquisition and insurance expenses	—			759			39			—		—			798
Interest expense	26			—			—			—		—			26
Other operating expenses	14			—			—			1		(8		)	7
Total expenses	$	40		$	2,371		$	164		$	1	$	(8	)	$	2,568
Income before income taxes	$	17		$	158		$	38		$	1	$	—		$	214
Provision (benefit) for income taxes
Current operating income (loss)	$	(3	)	$	81		$	1		$	—	$	—		$	79
Capital gains/losses	4			(22		)	—			—		—			(18		)
Deferred	—			(40		)	7			—		—			(33		)
Total provision for income taxes	$	1		$	19		$	8		$	—	$	—		$	28
Net income - current year	$	16		$	139		$	30		$	1	$	—		$	186
Net income - prior year	$	34		$	240		$	25		$	1	$	1		$	301
*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.

CINF Second-Quarter 2018 Supplemental Financial Data

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Cincinnati Financial Corporation and Subsidiaries
Consolidated Statements of Income for the Three Months Ended June 30, 2018
(Dollars in millions)	CFC			CONSOL P&C			CLIC			CFC-I		ELIM			Total
Revenues
Premiums earned:
Property casualty	$	—		$	1,271		$	—		$	—	$	—		$	1,271
Life	—			—			81			—		—			81
Premiums ceded	—			(41		)	(17		)	—		—			(58		)
Total earned premium	—			1,230			64			—		—			1,294
Investment income, net of expenses	15			101			38			—		—			154
Investment gains and losses, net	67			38			—			—		—			105
Fee revenues	—			3			1			—		—			4
Other revenues	4			—			—			1		(4		)	1
Total revenues	$	86		$	1,372		$	103		$	1	$	(4	)	$	1,558
Benefits & expenses
Losses & contract holders' benefits	$	—		$	834		$	70		$	—	$	—		$	904
Reinsurance recoveries	—			(13		)	(8		)	—		—			(21		)
Underwriting, acquisition and insurance expenses	—			376			19			—		—			395
Interest expense	13			—			—			—		—			13
Other operating expenses	7			—			—			—		(4		)	3
Total expenses	$	20		$	1,197		$	81		$	—	$	(4	)	$	1,294
Income before income taxes	$	66		$	175		$	22		$	1	$	—		$	264
Provision (benefit) for income taxes
Current operating income (loss)	$	(13	)	$	21		$	3		$	—	$	—		$	11
Capital gains/losses	14			8			—			—		—			22
Deferred	12			—			2			—		—			14
Total provision for income taxes	$	13		$	29		$	5		$	—	$	—		$	47
Net income - current year	$	53		$	146		$	17		$	1	$	—		$	217
Net income - prior year	$	1		$	85		$	12		$	1	$	1		$	100
*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.

CINF Second-Quarter 2018 Supplemental Financial Data

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Consolidated Cincinnati Insurance Companies
Statutory Statements of Income
	For the Three Months Ended June 30,										For the Six Months Ended June 30,
(Dollars in millions)	2018		2017			Change			% Change		2018		2017			Change			% Change
Underwriting income
Net premiums written	$	1,349	$	1,271		$	78		6		$	2,607	$	2,502		$	105		4
Unearned premium change	119		90			29			32		177		170			7			4
Earned premiums	$	1,230	$	1,181		$	49		4		$	2,430	$	2,332		$	98		4
Losses incurred	$	675	$	667		$	8		1		$	1,337	$	1,315		$	22		2
Defense and cost containment expenses incurred	76		62			14			23		158		136			22			16
Adjusting and other expenses incurred	70		65			5			8		117		131			(14		)	(11	)
Other underwriting expenses incurred	390		376			14			4		769		744			25			3
Workers compensation dividend incurred	2		4			(2		)	(50	)	6		7			(1		)	(14	)
Total underwriting deductions	$	1,213	$	1,174		$	39		3		$	2,387	$	2,333		$	54		2
Net underwriting profit (loss)	$	17	$	7		$	10		143		$	43	$	(1	)	$	44		nm
Investment income
Gross investment income earned	$	101	$	99		$	2		2		$	201	$	198		$	3		2
Net investment income earned	100		98			2			2		198		195			3			2
Net realized capital gains and losses, net	4		(9		)	13			nm		37		79			(42		)	(53	)
Net investment gains (net of tax)	$	104	$	89		$	15		17		$	235	$	274		$	(39	)	(14	)
Other income	$	1	$	2		$	(1	)	(50	)	$	4	$	5		$	(1	)	(20	)
Net income before federal income taxes	$	122	$	98		$	24		24		$	282	$	278		$	4		1
Federal and foreign income taxes incurred	26		32			(6		)	(19	)	47		43			4			9
Net income (statutory)	$	96	$	66		$	30		45		$	235	$	235		$	—		—
Policyholders' surplus - statutory	$	5,030	$	4,790		$	240		5		$	5,030	$	4,790		$	240		5
*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 Second-Quarter 2018 Supplemental Financial Data

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Consolidated Cincinnati Insurance Companies
Losses Incurred Detail
(Dollars in millions)	Three months ended																			Six months ended						Nine months ended				Twelve months ended
	12/31/18	9/30/18	6/30/18		3/31/18			12/31/17			9/30/17			6/30/17			3/31/17			6/30/18			6/30/17			9/30/18	9/30/17			12/31/18	12/31/17
Consolidated
Current accident year losses greater than $5 million			$	6	$	15		$	11		$	6		$	—		$	28		$	21		$	28			$	34			$	45
Current accident year losses $1 million - $5 million			62		32			60			75			48			29			94			77				152				212
Large loss prior accident year reserve development			4		34			9			4			21			17			38			38				42				51
Total large losses incurred			$	72	$	81		$	80		$	85		$	69		$	74		$	153		$	143			$	228			$	308
Losses incurred but not reported			87		10			60			(9		)	(1		)	4			97			3				(6		)		54
Other losses excluding catastrophe losses			433		520			450			499			487			467			953			954				1,453				1,903
Catastrophe losses			83		51			8			104			112			103			134			215				319				327
Total losses incurred			$	675	$	662		$	598		$	679		$	667		$	648		$	1,337		$	1,315			$	1,994			$	2,592
Commercial Lines
Current accident year losses greater than $5 million			$	6	$	15		$	5		$	6		$	—		$	28		$	21		$	28			$	34			$	39
Current accident year losses $1 million - $5 million			51		22			51			56			33			26			73			59				115				166
Large loss prior accident year reserve development			1		29			10			1			19			17			30			36				37				47
Total large losses incurred			$	58	$	66		$	66		$	63		$	52		$	71		$	124		$	123			$	186			$	252
Losses incurred but not reported			53		16			44			1			21			(5		)	69			16				17				61
Other losses excluding catastrophe losses			247		325			273			313			292			306			572			598				911				1,184
Catastrophe losses			51		22			1			27			64			58			73			122				149				150
Total losses incurred			$	409	$	429		$	384		$	404		$	429		$	430		$	838		$	859			$	1,263			$	1,647
Personal Lines
Current accident year losses greater than $5 million			$	—	$	—		$	6		$	—		$	—		$	—		$	—		$	—			$	—			$	6
Current accident year losses $1 million - $5 million			11		10			6			19			15			3			21			18				37				43
Large loss prior accident year reserve development			3		5			(1		)	3			1			—			8			1				4				3
Total large losses incurred			$	14	$	15		$	11		$	22		$	16		$	3		$	29		$	19			$	41			$	52
Losses incurred but not reported			31		(1		)	10			(17		)	(12		)	10			30			(2		)		(19		)		(9		)
Other losses excluding catastrophe losses			157		167			157			164			164			144			324			308				472				629
Catastrophe losses			33		29			5			34			47			46			62			93				127				132
Total losses incurred			$	235	$	210		$	183		$	203		$	215		$	203		$	445		$	418			$	621			$	804
Excess & Surplus Lines
Current accident year losses greater than $5 million			$	—	$	—		$	—		$	—		$	—		$	—		$	—		$	—			$	—			$	—
Current accident year losses $1 million - $5 million			—		—			3			—			—			—			—			—				—				3
Large loss prior accident year reserve development			—		—			—			—			1			—			—			1				1				1
Total large losses incurred			$	—	$	—		$	3		$	—		$	1		$	—		$	—		$	1			$	1			$	4
Losses incurred but not reported			3		(5		)	6			7			(10		)	(1		)	(2		)	(11		)		(4		)		2
Other losses excluding catastrophe losses			17		14			9			8			19			8			31			27				35				44
Catastrophe losses			—		1			—			1			1			—			1			1				2				2
Total losses incurred			$	20	$	10		$	18		$	16		$	11		$	7		$	30		$	18			$	34			$	52
*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.
Consolidated property casualty data includes results from our Cincinnati Re operations.

CINF Second-Quarter 2018 Supplemental Financial Data

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Consolidated Cincinnati Insurance Companies
Loss Ratio Detail
	Three months ended														Six months ended				Nine months ended			Twelve months ended
	12/31/18	9/30/18	6/30/18		3/31/18		12/31/17		9/30/17		6/30/17		3/31/17		6/30/18		6/30/17		9/30/18	9/30/17		12/31/18	12/31/17
Consolidated
Current accident year losses greater than $5 million			0.4	%	1.3	%	0.9	%	0.5	%	—	%	2.4	%	0.8	%	1.2	%		1.0	%		1.0	%
Current accident year losses $1 million - $5 million			5.1		2.7		5.0		6.4		4.1		2.5		3.9		3.3			4.3			4.5
Large loss prior accident year reserve development			0.3		2.8		0.7		0.3		1.8		1.5		1.6		1.6			1.2			1.0
Total large loss ratio			5.8	%	6.8	%	6.6	%	7.2	%	5.9	%	6.4	%	6.3	%	6.1	%		6.5	%		6.5	%
Losses incurred but not reported			7.1		0.8		5.0		(0.7	)	(0.1	)	0.4		4.0		0.1			(0.2	)		1.1
Other losses excluding catastrophe losses			35.1		43.4		37.6		41.7		41.3		40.5		39.2		40.9			41.2			40.3
Catastrophe losses			6.8		4.2		0.7		8.8		9.4		9.0		5.5		9.3			9.1			7.0
Total loss ratio			54.8	%	55.2	%	49.9	%	57.0	%	56.5	%	56.3	%	55.0	%	56.4	%		56.6	%		54.9	%
Commercial Lines
Current accident year losses greater than $5 million			0.7	%	1.9	%	0.6	%	0.8	%	—	%	3.6	%	1.3	%	1.8	%		1.5	%		1.2	%
Current accident year losses $1 million - $5 million			6.2		2.9		6.4		7.2		4.2		3.3		4.6		3.7			4.8			5.3
Large loss prior accident year reserve development			0.2		3.6		1.2		0.1		2.3		2.2		1.8		2.3			1.6			1.5
Total large loss ratio			7.1	%	8.4	%	8.2	%	8.1	%	6.5	%	9.1	%	7.7	%	7.8	%		7.9	%		8.0	%
Losses incurred but not reported			6.5		2.1		5.5		—		2.7		(0.6	)	4.3		1.0			0.7			1.9
Other losses excluding catastrophe losses			30.4		41.1		34.4		39.6		36.5		39.2		35.7		37.9			38.4			37.4
Catastrophe losses			6.3		2.8		0.1		3.4		8.1		7.4		4.6		7.7			6.3			4.7
Total loss ratio			50.3	%	54.4	%	48.2	%	51.1	%	53.8	%	55.1	%	52.3	%	54.4	%		53.3	%		52.0	%
Personal Lines
Current accident year losses greater than $5 million			—	%	—	%	1.9	%	—	%	—	%	—	%	—	%	—	%		—	%		0.5	%
Current accident year losses $1 million - $5 million			3.5		2.9		1.8		6.0		4.8		1.0		3.2		2.9			4.0			3.4
Large loss prior accident year reserve development			0.8		1.7		(0.3	)	1.0		0.6		(0.2	)	1.2		0.2			0.4			0.3
Total large loss ratio			4.3	%	4.6	%	3.4	%	7.0	%	5.4	%	0.8	%	4.4	%	3.1	%		4.4	%		4.2	%
Losses incurred but not reported			9.4		(0.4	)	3.2		(5.3	)	(4.0	)	3.3		4.6		(0.4	)		(2.1	)		(0.7	)
Other losses excluding catastrophe losses			47.3		51.6		49.0		52.1		53.7		47.9		49.4		50.9			51.3			50.7
Catastrophe losses			10.0		8.8		1.6		10.8		15.2		15.5		9.4		15.3			13.8			10.6
Total loss ratio			71.0	%	64.6	%	57.2	%	64.6	%	70.3	%	67.5	%	67.8	%	68.9	%		67.4	%		64.8	%
Excess & Surplus Lines
Current accident year losses greater than $5 million			—	%	—	%	—	%	—	%	—	%	—	%	—	%	—	%		—	%		—	%
Current accident year losses $1 million - $5 million			—		—		5.6		—		—		—		—		—			—			1.5
Large loss prior accident year reserve development			(0.2	)	(0.4	)	(0.1	)	(0.3	)	2.3		(0.3	)	(0.3	)	1.1			0.6			0.4
Total large loss ratio			(0.2	)%	(0.4	)%	5.5	%	(0.3	)%	2.3	%	(0.3	)%	(0.3	)%	1.1	%		0.6	%		1.9	%
Losses incurred but not reported			4.5		(9.0	)	9.8		13.8		(20.2	)	(1.6	)	(2.1	)	(11.3	)		(2.4	)		0.8
Other losses excluding catastrophe losses			28.6		26.4		17.3		15.3		37.0		17.0		27.4		27.4			23.1			21.6
Catastrophe losses			1.0		1.8		0.2		1.3		1.2		0.8		1.4		1.0			1.1			0.8
Total loss ratio			33.9	%	18.8	%	32.8	%	30.1	%	20.3	%	15.9	%	26.4	%	18.2	%		22.4	%		25.1	%
*Certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts.
Consolidated property casualty data includes results from our Cincinnati Re operations.

CINF Second-Quarter 2018 Supplemental Financial Data

8

Consolidated Cincinnati Insurance Companies
Loss Claim Count Detail
	Three months ended								Six months ended		Nine months ended		Twelve months ended
	12/31/18	9/30/18	6/30/18	3/31/18	12/31/17	9/30/17	6/30/17	3/31/17	6/30/18	6/30/17	9/30/18	9/30/17	12/31/18	12/31/17
Consolidated
Current accident year reported losses greater    than $5 million			1	3	2	1	—	5	4	5		6		8
Current accident year reported losses    $1 million - $5 million			36	22	32	43	31	22	59	55		100		134
Prior accident year reported losses on    large losses			9	24	10	12	15	14	35	30		42		63
Non-Catastrophe reported losses on       large losses total			46	49	44	56	46	41	98	90		148		205
Commercial Lines
Current accident year reported losses greater    than $5 million			1	2	1	1	—	5	3	5		6		7
Current accident year reported losses    $1 million - $5 million			30	15	27	34	20	20	46	42		77		106
Prior accident year reported losses on    large losses			6	22	10	10	12	13	30	26		35		56
Non-Catastrophe reported losses on       large losses total			37	39	38	45	32	38	79	73		118		169
Personal Lines
Current accident year reported losses greater    than $5 million			—	1	1	—	—	—	1	—		—		1
Current accident year reported losses    $1 million - $5 million			6	7	5	9	11	2	13	13		23		26
Prior accident year reported losses on    large losses			3	2	—	2	2	—	5	2		5		5
Non-Catastrophe reported losses on       large losses total			9	10	6	11	13	2	19	15		28		32
Excess & Surplus Lines
Current accident year reported losses greater    than $5 million			—	—	—	—	—	—	—	—		—		—
Current accident year reported losses    $1 million - $5 million			—	—	—	—	—	—	—	—		—		2
Prior accident year reported losses on    large losses			—	—	—	—	1	1	—	2		2		2
Non-Catastrophe reported losses on       large losses total			—	—	—	—	1	1	—	2		2		4
*The sum of quarterly amounts may not equal the full year as each is computed independently.
Consolidated property casualty data includes results from our Cincinnati Re operations.

CINF Second-Quarter 2018 Supplemental Financial Data

9

Consolidated Cincinnati Insurance Companies
Direct Written Premiums by Risk State by Line of Business for the Six Months Ended June 30, 2018
(Dollars in millions)			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		Other Comm		Personal Auto		Home Owner		Other Personal		All Lines		2018		2017
																			Total		Total
OH	$	83.4	$	77.5	$	50.9	$	—	$	21.3	$	66.0	$	54.2	$	17.6	$	8.4	$	379.3	$	375.8	0.5		1.8		1.2		1.0
IL	34.8		29.7		17.9		24.4		6.3		14.8		14.2		4.2		8.6		154.9		157.3		(3.3	)	4.4		0.3		(1.6	)
GA	22.4		24.3		16.5		8.4		6.7		28.0		25.8		6.4		9.2		147.7		143.3		(0.7	)	8.1		3.4		3.0
IN	29.6		29.4		17.8		13.4		7.5		15.8		16.2		3.7		6.9		140.3		139.6		0.8		(2.2	)	14.7		0.6
PA	36.4		27.0		22.7		25.2		6.0		7.7		6.1		2.5		5.7		139.3		130.9		6.1		9.3		5.2		6.4
NC	26.0		31.1		13.1		9.0		6.7		18.8		17.0		4.8		5.9		132.4		126.9		3.7		4.2		19.3		4.5
MI	23.8		21.2		13.6		8.2		5.4		25.2		15.6		3.0		3.4		119.4		128.5		(2.2	)	(13.8	)	(11.6	)	(7.1	)
TN	22.3		22.8		13.1		5.3		5.7		10.1		12.4		3.1		3.2		98.0		98.1		(2.0	)	2.8		19.7		(0.2	)
KY	15.2		19.5		12.4		2.1		3.5		15.4		14.1		3.3		3.3		88.8		86.4		3.0		1.9		5.5		2.7
AL	14.3		17.7		8.8		0.6		3.3		13.7		18.0		3.6		4.8		84.8		82.7		0.4		5.5		2.8		2.6
VA	18.6		17.3		14.2		9.4		6.5		7.1		6.1		2.2		2.6		84.0		78.1		7.8		8.2		(3.9	)	7.5
TX	25.8		13.5		17.4		1.4		3.5		2.2		3.5		1.3		11.0		79.6		73.0		0.2		nm		4.8		8.9
MO	17.7		18.8		10.2		7.3		2.8		6.2		7.4		1.7		5.2		77.3		71.9		3.6		24.1		10.9		7.6
NY	21.4		10.0		8.1		2.8		2.4		8.2		12.1		4.3		3.1		72.4		62.0		2.5		49.7		56.2		16.7
WI	16.0		13.8		8.7		15.1		3.0		4.8		4.8		2.0		2.6		70.8		71.1		(1.9	)	2.8		23.4		(0.4	)
MN	15.3		13.2		6.0		4.7		2.9		10.2		10.5		2.3		4.2		69.3		69.7		(1.7	)	(1.1	)	13.7		(0.7	)
MD	10.9		7.8		9.3		4.7		2.1		8.3		6.1		1.7		1.6		52.5		48.8		2.6		21.3		12.3		8.0
FL	18.2		7.5		9.3		0.9		2.5		2.9		2.0		0.6		8.1		52.0		46.4		6.0		29.2		38.0		12.2
AR	6.3		11.4		4.8		1.1		1.8		5.6		6.2		1.7		2.6		41.5		42.0		(1.6	)	(1.2	)	3.5		(1.2	)
AZ	10.9		6.1		7.6		3.5		1.4		4.2		3.5		1.5		2.0		40.7		38.5		3.4		13.0		0.3		5.2
IA	9.1		9.9		4.7		6.9		2.9		2.6		2.8		0.7		1.0		40.6		41.7		(3.2	)	1.1		(0.4	)	(2.5	)
SC	7.4		7.6		4.9		1.9		1.8		7.1		5.5		1.2		2.3		39.7		37.0		7.9		10.7		(12.0	)	7.5
UT	9.9		5.3		7.4		0.8		1.5		4.6		2.6		0.7		2.8		35.6		33.9		2.1		4.5		43.7		5.0
CO	10.8		5.6		8.1		0.6		1.5		0.5		1.3		0.2		5.4		34.0		32.6		(2.4	)	108.1		22.6		4.2
KS	6.5		8.1		4.2		2.7		1.5		2.4		3.5		0.7		1.3		30.9		30.5		(0.3	)	1.3		29.4		1.0
OR	9.3		5.0		7.1		0.1		1.2		3.1		1.4		0.4		2.6		30.2		27.3		15.4		10.0		(12.5	)	11.5
MT	10.7		6.1		6.4		0.1		0.8		1.4		1.4		0.3		0.7		27.9		26.9		4.7		—		(9.3	)	3.7
CT	3.7		2.8		1.6		1.6		0.5		6.3		5.7		1.9		1.0		25.1		17.7		30.2		52.1		18.4		41.0
ID	8.0		5.0		4.7		1.0		0.9		1.9		1.4		0.4		1.2		24.5		21.8		13.5		4.8		13.7		12.1
NE	5.5		6.0		3.3		3.7		1.2		0.4		0.6		0.1		1.2		22.0		22.4		(2.0	)	—		10.1		(1.3	)
CA	0.6		0.2		0.4		1.0		0.1		3.4		9.6		2.3		0.7		18.3		9.5		19.5		118.2		63.4		95.3
WV	5.0		5.1		4.5		0.6		0.9		—		0.2		0.1		1.5		17.9		16.4		9.8		(11.5	)	1.4		8.6
WA	5.9		3.5		4.5		—		1.1		0.2		0.3		0.2		1.3		17.0		14.2		15.3		nm		4.0		19.1
NM	5.4		3.4		3.9		0.4		0.9		—		—		—		1.0		15.0		12.6		20.2		nm		14.9		19.9
VT	2.5		3.0		1.7		2.6		0.8		0.8		0.9		0.2		0.9		13.4		13.0		2.5		3.8		18.1		3.6
NH	2.1		1.8		1.3		1.5		0.4		0.9		1.0		0.2		0.6		9.8		10.0		—		(0.5	)	(5.5	)	(0.5	)
DE	3.0		2.4		1.8		1.3		0.5		—		—		—		0.4		9.4		7.0		33.4		—		17.0		32.6
ND	3.4		2.4		1.5		—		0.4		0.4		0.4		0.1		0.4		9.0		10.8		(18.1	)	4.5		2.6		(15.4	)
SD	1.9		2.0		1.2		1.3		0.5		—		—		—		0.4		7.3		7.5		(6.2	)	(100.0	)	6.2		(5.7	)
NJ	0.6		0.2		0.5		1.1		0.2		1.0		1.3		0.6		0.7		6.2		3.6		38.4		79.9		275.4		68.5
WY	1.7		1.2		1.1		—		0.3		—		—		—		0.4		4.7		4.2		13.6		83.3		21.8		14.5
All Other	1.7		1.3		1.4		1.9		1.0		0.2		0.7		0.2		1.0		9.4		7.2		13.7		nm		27.9		28.3
Total	$	584.0	$	507.5	$	358.6	$	178.6	$	122.2	$	312.4	$	296.4	$	82.0	$	131.2	$	2,572.9	$	2,478.8	1.9		7.7		9.8		3.8
Other Direct	—		1.1		1.9		2.6		—		4.2		0.1		0.4		—		10.3		12.1		(15.4	)	(10.9	)	—		(14.9	)
Total Direct	$	584.0	$	508.6	$	360.5	$	181.2	$	122.2	$	316.6	$	296.5	$	82.4	$	131.2	$	2,583.2	$	2,490.9	1.9		7.6		9.8		3.7
*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 Second-Quarter 2018 Supplemental Financial Data

10

Quarterly Property Casualty Data - Commercial Lines
(Dollars in millions)	Three months ended																				Six months ended						Nine months ended				Twelve months ended
	12/31/18	9/30/18	6/30/18			3/31/18			12/31/17			9/30/17			6/30/17			3/31/17			6/30/18			6/30/17			9/30/18	9/30/17			12/31/18	12/31/17
Commercial casualty:
Written premiums			$	291		$	287		$	248		$	257		$	280		$	297		$	578		$	577			$	834			$	1,082
Year over year change %- written premium			4		%	(3		)%	4		%	(1		)%	1		%	4		%	—		%	2		%		1		%		2		%
Earned premiums			$	272		$	265		$	268		$	268		$	271		$	265		$	537		$	536			$	804			$	1,072
Current accident year before catastrophe losses			66.8		%	67.9		%	67.5		%	63.1		%	60.1		%	60.7		%	67.3		%	60.4		%		61.3		%		62.9		%
Current accident year catastrophe losses			—			—			—			—			—			—			—			—				—				—
Prior accident years before catastrophe losses			(5.2		)	1.7			0.9			0.1			(2.5		)	5.6			(1.8		)	1.5				1.0				1.0
Prior accident years catastrophe losses			—			—			—			—			—			—			—			—				—				—
Total loss and loss expense ratio			61.6		%	69.6		%	68.4		%	63.2		%	57.6		%	66.3		%	65.5		%	61.9		%		62.3		%		63.9		%
Commercial property:
Written premiums			$	240		$	237		$	217		$	230		$	233		$	239		$	477		$	472			$	702			$	919
Year over year change %- written premium			3		%	(1		)%	4		%	3		%	4		%	6		%	1		%	5		%		4		%		4		%
Earned premiums			$	231		$	228		$	229		$	225		$	226		$	223		$	459		$	449			$	674			$	903
Current accident year before catastrophe losses			45.8		%	58.6		%	48.2		%	48.6		%	49.7		%	50.2		%	52.2		%	50.0		%		49.4		%		49.1		%
Current accident year catastrophe losses			22.1			12.8			4.5			14.5			29.1			29.3			17.4			29.2				24.3				19.3
Prior accident years before catastrophe losses			(1.9		)	(6.4		)	(1.4		)	(1.1		)	(1.2		)	(0.7		)	(4.1		)	(1.0		)		(1.0		)		(1.1		)
Prior accident years catastrophe losses			(1.2		)	(2.6		)	(3.7		)	(1.9		)	(0.8		)	(3.8		)	(1.9		)	(2.3		)		(2.1		)		(2.5		)
Total loss and loss expense ratio			64.8		%	62.4		%	47.6		%	60.1		%	76.8		%	75.0		%	63.6		%	75.9		%		70.6		%		64.8		%
Commercial auto:
Written premiums			$	182		$	177		$	153		$	157		$	167		$	174		$	359		$	341			$	498			$	651
Year over year change %- written premium			9		%	2		%	5		%	4		%	7		%	10		%	5		%	9		%		7		%		7		%
Earned premiums			$	166		$	161		$	162		$	159		$	158		$	155		$	327		$	313			$	472			$	634
Current accident year before catastrophe losses			75.8		%	80.6		%	74.5		%	80.2		%	76.4		%	80.7		%	78.2		%	78.6		%		79.1		%		78.0		%
Current accident year catastrophe losses			2.1			0.2			(0.1		)	0.7			1.7			1.2			1.1			1.4				1.2				0.9
Prior accident years before catastrophe losses			3.3			(0.8		)	3.2			5.1			6.0			6.7			1.3			6.3				5.9				5.2
Prior accident years catastrophe losses			(0.1		)	(0.2		)	—			—			—			(0.2		)	(0.1		)	(0.1		)		(0.1		)		(0.1		)
Total loss and loss expense ratio			81.1		%	79.8		%	77.6		%	86.0		%	84.1		%	88.4		%	80.5		%	86.2		%		86.1		%		84.0		%
Workers' compensation:
Written premiums			$	83		$	95		$	73		$	75		$	79		$	99		$	178		$	178			$	253			$	326
Year over year change %- written premium			5		%	(4		)%	(6		)%	(10		)%	(8		)%	(6		)%	—		%	(7		)%		(8		)%		(7		)%
Earned premiums			$	85		$	80		$	81		$	84		$	86		$	84		$	165		$	170			$	254			$	335
Current accident year before catastrophe losses			73.0		%	73.1		%	76.2		%	71.6		%	68.9		%	69.8		%	73.1		%	69.3		%		70.1		%		71.6		%
Current accident year catastrophe losses			—			—			—			—			—			—			—			—				—				—
Prior accident years before catastrophe losses			(20.7		)	(16.1		)	(11.1		)	(16.6		)	(14.3		)	(21.6		)	(18.5		)	(17.9		)		(17.5		)		(15.9		)
Prior accident years catastrophe losses			—			—			—			—			—			—			—			—				—				—
Total loss and loss expense ratio			52.3		%	57.0		%	65.1		%	55.0		%	54.6		%	48.2		%	54.6		%	51.4		%		52.6		%		55.7		%
Other commercial:
Written premiums			$	60		$	58		$	55		$	59		$	54		$	56		$	118		$	110			$	169			$	224
Year over year change %- written premium			11		%	4		%	10		%	(2		)%	—		%	4		%	7		%	2		%		1		%		3		%
Earned premiums			$	58		$	56		$	56		$	56		$	55		$	54		$	114		$	109			$	165			$	221
Current accident year before catastrophe losses			38.2		%	37.8		%	35.2		%	35.1		%	35.3		%	40.2		%	38.0		%	37.7		%		36.9		%		36.4		%
Current accident year catastrophe losses			1.7			0.3			0.5			(0.2		)	1.8			1.9			1.0			1.8				1.2				1.0
Prior accident years before catastrophe losses			(14.8		)	(6.8		)	(9.9		)	(10.2		)	(20.0		)	(14.8		)	(10.9		)	(17.4		)		(15.0		)		(13.7		)
Prior accident years catastrophe losses			0.3			(0.3		)	1.6			0.3			0.1			(0.5		)	—			(0.2		)		(0.1		)		0.4
Total loss and loss expense ratio			25.4		%	31.0		%	27.4		%	25.0		%	17.2		%	26.8		%	28.1		%	21.9		%		23.0		%		24.1		%
*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.

CINF Second-Quarter 2018 Supplemental Financial Data

11

Quarterly Property Casualty Data - Personal Lines
(Dollars in millions)	Three months ended																				Six months ended						Nine months ended				Twelve months ended
	12/31/18	9/30/18	6/30/18			3/31/18			12/31/17			9/30/17			6/30/17			3/31/17			6/30/18			6/30/17			9/30/18	9/30/17			12/31/18	12/31/17
Personal auto:
Written premiums			$	172		$	140		$	141		$	165		$	165		$	132		$	312		$	297			$	462			$	603
Year over year change %- written premium			4		%	6		%	7		%	7		%	7		%	7		%	5		%	7		%		7		%		7		%
Earned premiums			$	153		$	151		$	149		$	148		$	144		$	141		$	304		$	285			$	433			$	582
Current accident year before catastrophe losses			78.7		%	81.2		%	76.2		%	79.8		%	78.1		%	82.4		%	80.0		%	80.2		%		80.1		%		79.1		%
Current accident year catastrophe losses			1.3			0.8			(0.4		)	1.6			2.4			2.4			1.0			2.4				2.1				1.5
Prior accident years before catastrophe losses			(1.5		)	(4.3		)	1.4			1.1			(0.3		)	(1.1		)	(2.9		)	(0.7		)		(0.1		)		0.3
Prior accident years catastrophe losses			(0.1		)	(0.1		)	—			(0.1		)	(0.1		)	(0.2		)	(0.1		)	(0.1		)		(0.1		)		(0.1		)
Total loss and loss expense ratio			78.4		%	77.6		%	77.2		%	82.4		%	80.1		%	83.5		%	78.0		%	81.8		%		82.0		%		80.8		%
Homeowner:
Written premiums			$	164		$	121		$	132		$	150		$	150		$	110		$	285		$	260			$	410			$	542
Year over year change %- written premium			9		%	10		%	11		%	9		%	7		%	7		%	10		%	7		%		8		%		8		%
Earned premiums			$	139		$	136		$	134		$	131		$	128		$	125		$	275		$	253			$	384			$	518
Current accident year before catastrophe losses			57.7		%	55.8		%	55.0		%	46.7		%	48.4		%	48.4		%	56.7		%	48.5		%		47.8		%		49.6		%
Current accident year catastrophe losses			20.6			19.6			4.8			24.5			34.1			33.1			20.1			33.6				30.5				23.9
Prior accident years before catastrophe losses			8.1			2.4			(1.4		)	(0.2		)	(1.9		)	(2.6		)	5.3			(2.3		)		(1.5		)		(1.5		)
Prior accident years catastrophe losses			1.6			0.1			0.3			(1.4		)	(0.5		)	(0.5		)	0.9			(0.5		)		(0.8		)		(0.5		)
Total loss and loss expense ratio			88.0		%	77.9		%	58.7		%	69.6		%	80.1		%	78.4		%	83.0		%	79.3		%		76.0		%		71.5		%
Other personal:
Written premiums			$	45		$	36		$	36		$	40		$	42		$	31		$	81		$	73			$	113			$	149
Year over year change %- written premium			7		%	16		%	13		%	8		%	12		%	3		%	11		%	11		%		10		%		10		%
Earned premiums			$	39		$	38		$	37		$	35		$	35		$	34		$	77		$	69			$	104			$	141
Current accident year before catastrophe losses			50.1		%	28.9		%	54.0		%	46.7		%	68.3		%	45.6		%	39.6		%	57.1		%		53.5		%		53.7		%
Current accident year catastrophe losses			3.0			4.0			0.5			6.2			4.5			9.3			3.6			6.9				6.7				5.0
Prior accident years before catastrophe losses			13.9			7.2			(4.5		)	2.4			(0.1		)	(11.2		)	10.6			(5.6		)		(2.9		)		(3.3		)
Prior accident years catastrophe losses			0.2			(0.5		)	0.1			—			(0.9		)	(0.7		)	(0.2		)	(0.8		)		(0.5		)		(0.4		)
Total loss and loss expense ratio			67.2		%	39.6		%	50.1		%	55.3		%	71.8		%	43.0		%	53.6		%	57.6		%		56.8		%		55.0		%
Quarterly Property Casualty Data - Excess & Surplus Lines
(Dollars in millions)	Three months ended																				Six months ended						Nine months ended				Twelve months ended
	12/31/18	9/30/18	6/30/18			3/31/18			12/31/17			9/30/17			6/30/17			3/31/17			6/30/18			6/30/17			9/30/18	9/30/17			12/31/18	12/31/17
Excess & Surplus:
Written premiums			$	64		$	61		$	54		$	51		$	61		$	53		$	125		$	114			$	165			$	219
Year over year change %- written premium			5		%	15		%	20		%	6		%	20		%	18		%	10		%	19		%		15		%		16		%
Earned premiums			$	57		$	56		$	56		$	53		$	52		$	48		$	113		$	100			$	153			$	209
Current accident year before catastrophe losses			56.9		%	54.6		%	57.6		%	49.1		%	54.2		%	55.5		%	55.8		%	54.8		%		52.8		%		54.0		%
Current accident year catastrophe losses			1.0			1.8			0.3			1.7			0.9			1.2			1.4			1.1				1.3				1.1
Prior accident years before catastrophe losses			(9.6		)	(17.2		)	(7.1		)	(4.7		)	(17.0		)	(27.4		)	(13.3		)	(22.0		)		(15.9		)		(13.6		)
Prior accident years catastrophe losses			0.2			0.1			(0.1		)	(0.3		)	0.4			(0.4		)	0.1			—				(0.1		)		(0.1		)
Total loss and loss expense ratio			48.5		%	39.3		%	50.7		%	45.8		%	38.5		%	28.9		%	44.0		%	33.9		%		38.1		%		41.4		%
*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 Second-Quarter 2018 Supplemental Financial Data

12

Consolidated Cincinnati Insurance Companies
Loss and Loss Expense Analysis
(Dollars 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 six months ended June 30, 2018
Commercial casualty	$	163		$	87	$	250		$	38		$	43		$	21		$	102		$	201		$	43		$	108	$	352
Commercial property	256			26		282			4			12			(8		)	8			260			12			18		290
Commercial auto	195			36		231			6			18			8			32			201			18			44		263
Workers' compensation	88			17		105			(4		)	—			(4		)	(8		)	84			—			13		97
Other commercial	29			7		36			(5		)	—			1			(4		)	24			—			8		32
Total commercial lines	731			173		904			39			73			18			130			770			73			191		1,034
Personal auto	192			37		229			—			9			—			9			192			9			37		238
Homeowners	174			17		191			21			20			6			47			195			20			23		238
Other personal	33			2		35			—			5			1			6			33			5			3		41
Total personal lines	399			56		455			21			34			7			62			420			34			63		517
Excess & surplus lines	25			13		38			9			(2		)	7			14			34			(2		)	20		52
Cincinnati Re	27			3		30			10			(12		)	—			(2		)	37			(12		)	3		28
Total property casualty	$	1,182		$	245	$	1,427		$	79		$	93		$	32		$	204		$	1,261		$	93		$	277	$	1,631
Ceded loss and loss expense incurred for the six months ended June 30, 2018
Commercial casualty	$	(1	)	$	—	$	(1	)	$	3		$	(2	)	$	—		$	1		$	2		$	(2	)	$	—	$	—
Commercial property	1			—		1			(3		)	—			—			(3		)	(2		)	—			—		(2		)
Commercial auto	—			—		—			—			—			—			—			—			—			—		—
Workers' compensation	9			—		9			(1		)	(1		)	—			(2		)	8			(1		)	—		7
Other commercial	—			—		—			—			—			—			—			—			—			—		—
Total commercial lines	9			—		9			(1		)	(3		)	—			(4		)	8			(3		)	—		5
Personal auto	1			—		1			—			—			—			—			1			—			—		1
Homeowners	2			—		2			7			—			—			7			9			—			—		9
Other personal	—			—		—			—			—			—			—			—			—			—		—
Total personal lines	3			—		3			7			—			—			7			10			—			—		10
Excess & surplus lines	2			—		2			—			—			—			—			2			—			—		2
Cincinnati Re	3			1		4			—			(2		)	—			(2		)	3			(2		)	1		2
Total property casualty	$	17		$	1	$	18		$	6		$	(5	)	$	—		$	1		$	23		$	(5	)	$	1	$	19
Net loss and loss expense incurred for the six months ended June 30, 2018
Commercial casualty	$	164		$	87	$	251		$	35		$	45		$	21		$	101		$	199		$	45		$	108	$	352
Commercial property	255			26		281			7			12			(8		)	11			262			12			18		292
Commercial auto	195			36		231			6			18			8			32			201			18			44		263
Workers' compensation	79			17		96			(3		)	1			(4		)	(6		)	76			1			13		90
Other commercial	29			7		36			(5		)	—			1			(4		)	24			—			8		32
Total commercial lines	722			173		895			40			76			18			134			762			76			191		1,029
Personal auto	191			37		228			—			9			—			9			191			9			37		237
Homeowners	172			17		189			14			20			6			40			186			20			23		229
Other personal	33			2		35			—			5			1			6			33			5			3		41
Total personal lines	396			56		452			14			34			7			55			410			34			63		507
Excess & surplus lines	23			13		36			9			(2		)	7			14			32			(2		)	20		50
Cincinnati Re	24			2		26			10			(10		)	—			—			34			(10		)	2		26
Total property casualty	$	1,165		$	244	$	1,409		$	73		$	98		$	32		$	203		$	1,238		$	98		$	276	$	1,612
*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.

CINF Second-Quarter 2018 Supplemental Financial Data

13

Consolidated Cincinnati Insurance Companies
Loss and Loss Expense Analysis
(Dollars 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 three months ended June 30, 2018
Commercial casualty	$	70	$	38	$	108	$	15		$	34		$	15		$	64		$	85		$	34		$	53	$	172
Commercial property	134		12		146		(11		)	8			5			2			123			8			17		148
Commercial auto	95		16		111		7			9			6			22			102			9			22		133
Workers' compensation	40		8		48		(4		)	4			(1		)	(1		)	36			4			7		47
Other commercial	15		3		18		(5		)	2			—			(3		)	10			2			3		15
Total commercial lines	354		77		431		2			57			25			84			356			57			102		515
Personal auto	97		16		113		(1		)	6			3			8			96			6			19		121
Homeowners	96		8		104		(1		)	22			6			27			95			22			14		131
Other personal	19		1		20		—			5			1			6			19			5			2		26
Total personal lines	212		25		237		(2		)	33			10			41			210			33			35		278
Excess & surplus lines	14		6		20		2			3			3			8			16			3			9		28
Cincinnati Re	14		2		16		6			(9		)	—			(3		)	20			(9		)	2		13
Total property casualty	$	594	$	110	$	704	$	8		$	84		$	38		$	130		$	602		$	84		$	148	$	834
Ceded loss and loss expense incurred for the three months ended June 30, 2018
Commercial casualty	$	—	$	—	$	—	$	4		$	—		$	—		$	4		$	4		$	—		$	—	$	4
Commercial property	1		—		1		(2		)	—			—			(2		)	(1		)	—			—		(1		)
Commercial auto	—		—		—		(1		)	—			—			(1		)	(1		)	—			—		(1		)
Workers' compensation	3		—		3		(1		)	1			—			—			2			1			—		3
Other commercial	—		—		—		—			—			—			—			—			—			—		—
Total commercial lines	4		—		4		—			1			—			1			4			1			—		5
Personal auto	—		—		—		1			—			—			1			1			—			—		1
Homeowners	2		—		2		6			—			—			6			8			—			—		8
Other personal	—		—		—		—			—			—			—			—			—			—		—
Total personal lines	2		—		2		7			—			—			7			9			—			—		9
Excess & surplus lines	—		—		—		(1		)	—			—			(1		)	(1		)	—			—		(1		)
Cincinnati Re	2		1		3		—			(3		)	—			(3		)	2			(3		)	1		—
Total property casualty	$	8	$	1	$	9	$	6		$	(2	)	$	—		$	4		$	14		$	(2	)	$	1	$	13
Net loss and loss expense incurred for the three months ended June 30, 2018
Commercial casualty	$	70	$	38	$	108	$	11		$	34		$	15		$	60		$	81		$	34		$	53	$	168
Commercial property	133		12		145		(9		)	8			5			4			124			8			17		149
Commercial auto	95		16		111		8			9			6			23			103			9			22		134
Workers' compensation	37		8		45		(3		)	3			(1		)	(1		)	34			3			7		44
Other commercial	15		3		18		(5		)	2			—			(3		)	10			2			3		15
Total commercial lines	350		77		427		2			56			25			83			352			56			102		510
Personal auto	97		16		113		(2		)	6			3			7			95			6			19		120
Homeowners	94		8		102		(7		)	22			6			21			87			22			14		123
Other personal	19		1		20		—			5			1			6			19			5			2		26
Total personal lines	210		25		235		(9		)	33			10			34			201			33			35		269
Excess & surplus lines	14		6		20		3			3			3			9			17			3			9		29
Cincinnati Re	12		1		13		6			(6		)	—			—			18			(6		)	1		13
Total property casualty	$	586	$	109	$	695	$	2		$	86		$	38		$	126		$	588		$	86		$	147	$	821
*Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.

CINF Second-Quarter 2018 Supplemental Financial Data

14

Consolidated Cincinnati Insurance Companies
Quarterly Property Casualty Data
(Dollars in millions)	Three months ended																				Six months ended						Nine months ended				Twelve months ended
	12/31/18	9/30/18	6/30/18			3/31/18			12/31/17			9/30/17			6/30/17			3/31/17			6/30/18			6/30/17			9/30/18	9/30/17			12/31/18	12/31/17
Premiums
Agency renewal written premiums			$	1,150		$	1,083		$	987		$	1,064		$	1,090		$	1,057		$	2,233		$	2,147			$	3,211			$	4,198
Agency new business written premiums			181			159			151			157			165			153			340			318				475				626
Cincinnati Re net written premiums			48			46			21			24			40			40			94			80				104				125
Other written premiums			(30		)	(30		)	(29		)	(37		)	(24		)	(19		)	(60		)	(43		)		(80		)		(109		)
Net written premiums – statutory*			$	1,349		$	1,258		$	1,130		$	1,208		$	1,271		$	1,231		$	2,607		$	2,502			$	3,710			$	4,840
Unearned premium change			(119		)	(58		)	69			(17		)	(90		)	(80		)	(177		)	(170		)		(187		)		(118		)
Earned premiums			$	1,230		$	1,200		$	1,199		$	1,191		$	1,181		$	1,151		$	2,430		$	2,332			$	3,523			$	4,722
Year over year change %
Agency renewal written premiums			6		%	2		%	4		%	3		%	3		%	3		%	4		%	3		%		3		%		3		%
Agency new business written premiums			10			4			13			5			15			22			7			19				14				14
Cincinnati Re net written premiums			20			15			40			14			150			111			18			129				86				76
Other written premiums			(25		)	(58		)	19			(19		)	(9		)	24			(40		)	9				(3		)		4
Net written premiums – statutory*			6			2			6			3			6			7			4			7				6				6
Paid losses and loss expenses
Losses paid			$	586		$	579		$	614		$	607		$	587		$	567		$	1,165		$	1,154			$	1,761			$	2,375
Loss expenses paid			109			135			115			118			108			127			244			235				353				468
Loss and loss expenses paid			$	695		$	714		$	729		$	725		$	695		$	694		$	1,409		$	1,389			$	2,114			$	2,843
Incurred losses and loss expenses
Loss and loss expense incurred			$	821		$	791		$	741		$	815		$	794		$	788		$	1,612		$	1,582			$	2,397			$	3,138
Loss and loss expenses paid as a % of incurred			84.7		%	90.3		%	98.4		%	89.0		%	87.5		%	88.1		%	87.4		%	87.8		%		88.2		%		90.6		%
Statutory combined ratio
Loss ratio			54.9		%	55.2		%	49.9		%	57.0		%	56.5		%	56.3		%	55.0		%	56.4		%		56.6		%		54.9		%
Loss adjustment expense ratio			11.8			10.8			11.9			11.4			10.8			12.1			11.3			11.4				11.4				11.5
Net underwriting expense ratio			29.1			30.4			32.5			30.7			29.9			30.2			29.8			30.1				30.3				30.8
Statutory combined ratio			95.8		%	96.4		%	94.3		%	99.1		%	97.2		%	98.6		%	96.1		%	97.9		%		98.3		%		97.2		%
Contribution from catastrophe losses			7.1			4.4			0.9			9.1			9.8			9.2			5.8			9.5				9.3				7.2
Statutory combined ratio excl. catastrophe losses			88.7		%	92.0		%	93.4		%	90.0		%	87.4		%	89.4		%	90.3		%	88.4		%		89.0		%		90.0		%
GAAP combined ratio
GAAP combined ratio			97.2		%	97.9		%	92.9		%	99.3		%	98.3		%	99.7		%	97.5		%	99.0		%		99.1		%		97.5		%
Contribution from catastrophe losses			7.1			4.4			0.9			9.1			9.8			9.2			5.8			9.5				9.3				7.2
GAAP combined ratio excl. catastrophe losses			90.1		%	93.5		%	92.0		%	90.2		%	88.5		%	90.5		%	91.7		%	89.5		%		89.8		%		90.3		%
*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 Second-Quarter 2018 Supplemental Financial Data

15

Cincinnati Insurance Companies
Quarterly Property Casualty Data - Commercial Lines
(Dollars in millions)	Three months ended																				Six months ended						Nine months ended				Twelve months ended
	12/31/18	9/30/18	6/30/18			3/31/18			12/31/17			9/30/17			6/30/17			3/31/17			6/30/18			6/30/17			9/30/18	9/30/17			12/31/18	12/31/17
Premiums
Agency renewal written premiums			$	758		$	771		$	672		$	707		$	729		$	772		$	1,529		$	1,501			$	2,208			$	2,880
Agency new business written premiums			118			104			96			99			99			103			222			202				301				397
Other written premiums			(20		)	(21		)	(22		)	(28		)	(15		)	(10		)	(41		)	(25		)		(53		)		(75		)
Net written premiums – statutory*			$	856		$	854		$	746		$	778		$	813		$	865		$	1,710		$	1,678			$	2,456			$	3,202
Unearned premium change			(44		)	(64		)	50			14			(17		)	(84		)	(108		)	(101		)		(87		)		(37		)
Earned premiums			$	812		$	790		$	796		$	792		$	796		$	781		$	1,602		$	1,577			$	2,369			$	3,165
Year over year change %
Agency renewal written premiums			4		%	—		%	2		%	1		%	2		%	2		%	2		%	2		%		2		%		2		%
Agency new business written premiums			19			1			5			(2		)	6			18			10			12				7				7
Other written premiums			(33		)	(110		)	21			(27		)	(7		)	44			(64		)	22				2				9
Net written premiums – statutory*			5			(1		)	3			—			2			5			2			3				2				3
Paid losses and loss expenses
Losses paid			$	350		$	371		$	401		$	376		$	370		$	381		$	722		$	751			$	1,127			$	1,528
Loss expenses paid			77			96			84			84			79			91			173			170				254				338
Loss and loss expenses paid			$	427		$	467		$	485		$	460		$	449		$	472		$	895		$	921			$	1,381			$	1,866
Incurred losses and loss expenses
Loss and loss expense incurred			$	510		$	519		$	487		$	501		$	519		$	535		$	1,029		$	1,054			$	1,555			$	2,042
Loss and loss expenses paid as a % of incurred			83.7		%	90.0		%	99.6		%	91.8		%	86.5		%	88.2		%	87.0		%	87.4		%		88.8		%		91.4		%
Statutory combined ratio
Loss ratio			50.3		%	54.4		%	48.2		%	51.1		%	53.8		%	55.0		%	52.3		%	54.5		%		53.4		%		52.0		%
Loss adjustment expense ratio			12.6			11.2			12.9			12.2			11.4			13.5			11.9			12.4				12.3				12.5
Net underwriting expense ratio			30.0			30.5			33.6			32.5			31.2			29.7			30.3			30.4				31.0				31.7
Statutory combined ratio			92.9		%	96.1		%	94.7		%	95.8		%	96.4		%	98.2		%	94.5		%	97.3		%		96.7		%		96.2		%
Contribution from catastrophe losses			6.5			2.9			0.3			3.8			8.5			7.6			4.7			8.1				6.6				5.0
Statutory combined ratio excl. catastrophe losses			86.4		%	93.2		%	94.4		%	92.0		%	87.9		%	90.6		%	89.8		%	89.2		%		90.1		%		91.2		%
GAAP combined ratio
GAAP combined ratio			94.2		%	98.3		%	92.9		%	95.2		%	97.1		%	100.4		%	96.2		%	98.8		%		97.6		%		96.4		%
Contribution from catastrophe losses			6.5			2.9			0.3			3.8			8.5			7.6			4.7			8.1				6.6				5.0
GAAP combined ratio excl. catastrophe losses			87.7		%	95.4		%	92.6		%	91.4		%	88.6		%	92.8		%	91.5		%	90.7		%		91.0		%		91.4		%
*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 Second-Quarter 2018 Supplemental Financial Data

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Cincinnati Insurance Companies
Quarterly Property Casualty Data - Personal Lines
(Dollars in millions)	Three months ended																				Six months ended						Nine months ended				Twelve months ended
	12/31/18	9/30/18	6/30/18			3/31/18			12/31/17			9/30/17			6/30/17			3/31/17			6/30/18			6/30/17			9/30/18	9/30/17			12/31/18	12/31/17
Premiums
Agency renewal written premiums			$	342		$	264		$	275		$	318		$	318		$	245		$	606		$	563			$	881			$	1,156
Agency new business written premiums			46			39			39			43			45			34			85			79				122				161
Other written premiums			(7		)	(6		)	(5		)	(6		)	(6		)	(6		)	(13		)	(12		)		(18		)		(23		)
Net written premiums – statutory*			$	381		$	297		$	309		$	355		$	357		$	273		$	678		$	630			$	985			$	1,294
Unearned premium change			(50		)	28			11			(41		)	(50		)	27			(22		)	(23		)		(64		)		(53		)
Earned premiums			$	331		$	325		$	320		$	314		$	307		$	300		$	656		$	607			$	921			$	1,241
Year over year change %
Agency renewal written premiums			8		%	8		%	7		%	5		%	5		%	4		%	8		%	5		%		5		%		5		%
Agency new business written premiums			2			15			26			34			32			36			8			34				34				32
Other written premiums			(17		)	—			17			—			—			(20		)	(8		)	(9		)		(6		)		—
Net written premiums – statutory*			7			9			9			8			8			7			8			8				8				8
Paid losses and loss expenses
Losses paid			$	210		$	187		$	197		$	218		$	205		$	174		$	396		$	379			$	597			$	794
Loss expenses paid			25			32			24			27			24			30			56			54				81				104
Loss and loss expenses paid			$	235		$	219		$	221		$	245		$	229		$	204		$	452		$	433			$	678			$	898
Incurred losses and loss expenses
Loss and loss expense incurred			$	269		$	238		$	212		$	233		$	242		$	231		$	507		$	473			$	706			$	918
Loss and loss expenses paid as a % of incurred			87.4		%	92.0		%	104.2		%	105.2		%	94.6		%	88.3		%	89.2		%	91.5		%		96.0		%		97.8		%
Statutory combined ratio
Loss ratio			71.0		%	64.5		%	57.2		%	64.5		%	70.3		%	67.5		%	67.7		%	68.9		%		67.4		%		64.8		%
Loss adjustment expense ratio			10.1			8.8			9.1			9.5			8.8			9.3			9.5			9.1				9.2				9.2
Net underwriting expense ratio			26.6			31.3			30.0			26.9			26.7			31.2			28.7			28.6				28.0				28.4
Statutory combined ratio			107.7		%	104.6		%	96.3		%	100.9		%	105.8		%	108.0		%	105.9		%	106.6		%		104.6		%		102.4		%
Contribution from catastrophe losses			10.2			8.9			1.9			11.1			15.4			15.6			9.6			15.5				14.0				10.9
Statutory combined ratio excl. catastrophe losses			97.5		%	95.7		%	94.4		%	89.8		%	90.4		%	92.4		%	96.3		%	91.1		%		90.6		%		91.5		%
GAAP combined ratio
GAAP combined ratio			110.1		%	103.2		%	95.5		%	103.1		%	108.4		%	105.5		%	106.7		%	107.0		%		105.6		%		103.0		%
Contribution from catastrophe losses			10.2			8.9			1.9			11.1			15.4			15.6			9.6			15.5				14.0				10.9
GAAP combined ratio excl. catastrophe losses			99.9		%	94.3		%	93.6		%	92.0		%	93.0		%	89.9		%	97.1		%	91.5		%		91.6		%		92.1		%
*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 Second-Quarter 2018 Supplemental Financial Data

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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
	12/31/18	9/30/18	6/30/18			3/31/18			12/31/17			9/30/17			6/30/17			3/31/17			6/30/18			6/30/17			9/30/18	9/30/17			12/31/18	12/31/17
Premiums
Agency renewal written premiums			$	50		$	48		$	40		$	39		$	43		$	40		$	98		$	83			$	122			$	162
Agency new business written premiums			17			16			16			15			21			16			33			37				52				68
Other written premiums			(3		)	(3		)	(2		)	(3		)	(3		)	(3		)	(6		)	(6		)		(9		)		(11		)
Net written premiums – statutory*			$	64		$	61		$	54		$	51		$	61		$	53		$	125		$	114			$	165			$	219
Unearned premium change			(7		)	(5		)	2			2			(9		)	(5		)	(12		)	(14		)		(12		)		(10		)
Earned premiums			$	57		$	56		$	56		$	53		$	52		$	48		$	113		$	100			$	153			$	209
Year over year change %
Agency renewal written premiums			16		%	20		%	14		%	11		%	16		%	18		%	18		%	17		%		15		%		15		%
Agency new business written premiums			(19		)	—			33			(6		)	31			23			(11		)	28				16				19
Other written premiums			—			—			—			—			(50		)	(50		)	0			(50		)		(29		)		(22		)
Net written premiums – statutory*			5			15			20			6			20			18			10			19				15				16
Paid losses and loss expenses
Losses paid			$	14		$	9		$	9		$	8		$	11		$	10		$	23		$	21			$	29			$	38
Loss expenses paid			6			7			6			6			5			6			13			11				17				23
Loss and loss expenses paid			$	20		$	16		$	15		$	14		$	16		$	16		$	36		$	32			$	46			$	61
Incurred losses and loss expenses
Loss and loss expense incurred			$	29		$	21		$	28		$	24		$	20		$	14		$	50		$	34			$	58			$	86
Loss and loss expenses paid as a % of incurred			69.0		%	76.2		%	53.6		%	58.3		%	80.0		%	114.3		%	72.0		%	94.1		%		79.3		%		70.9		%
Statutory combined ratio
Loss ratio			33.9		%	18.8		%	32.8		%	30.1		%	20.3		%	15.8		%	26.5		%	18.2		%		22.4		%		25.1		%
Loss adjustment expense ratio			14.6			20.5			17.9			15.7			18.2			13.1			17.5			15.7				15.7				16.3
Net underwriting expense ratio			28.7			28.0			29.2			31.6			28.6			32.8			28.3			30.6				30.9				30.5
Statutory combined ratio			77.2		%	67.3		%	79.9		%	77.4		%	67.1		%	61.7		%	72.3		%	64.5		%		69.0		%		71.9		%
Contribution from catastrophe losses			1.2			1.9			0.2			1.4			1.3			0.8			1.5			1.1				1.2				1.0
Statutory combined ratio excl. catastrophe losses			76.0		%	65.4		%	79.7		%	76.0		%	65.8		%	60.9		%	70.8		%	63.4		%		67.8		%		70.9		%
GAAP combined ratio
GAAP combined ratio			77.6		%	68.8		%	79.8		%	74.8		%	66.2		%	62.3		%	73.3		%	64.3		%		68.0		%		71.1		%
Contribution from catastrophe losses			1.2			1.9			0.2			1.4			1.3			0.8			1.5			1.1				1.2				1.0
GAAP combined ratio excl. catastrophe losses			76.4		%	66.9		%	79.6		%	73.4		%	64.9		%	61.5		%	71.8		%	63.2		%		66.8		%		70.1		%
*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 Second-Quarter 2018 Supplemental Financial Data

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The Cincinnati Life Insurance Company
Statutory Statements of Income
	For the Three Months Ended June 30,											For the Six Months Ended June 30,
(Dollars in millions)	2018			2017			Change			% Change		2018		2017			Change			% Change
Net premiums written	$	77		$	67		$	10		15		$	145	$	134		$	11		8
Net investment income	40			41			(1		)	(2	)	79		82			(3		)	(4	)
Amortization of interest maintenance reserve	—			1			(1		)	nm		1		2			(1		)	(50	)
Commissions and expense allowances on reinsurance ceded	2			2			—			—		3		3			—			—
Income from fees associated with separate accounts	1			1			—			—		2		3			(1		)	(33	)
Total revenues	$	120		$	112		$	8		7		$	230	$	224		$	6		3
Death benefits and matured endowments	$	22		$	23		$	(1	)	(4	)	$	49	$	50		$	(1	)	(2	)
Annuity benefits	22			19			3			16		49		39			10			26
Disability benefits and benefits under accident and health contracts	—			1			(1		)	nm		1		1			—			nm
Surrender benefits and group conversions	6			5			1			20		12		11			1			9
Interest and adjustments on deposit-type contract funds	3			2			1			50		5		4			1			25
Increase in aggregate reserves for life and accident and health contracts	36			37			(1		)	(3	)	58		75			(17		)	(23	)
Total benefit expenses	$	89		$	87		$	2		2		$	174	$	180		$	(6	)	(3	)
Commissions	$	13		$	11		$	2		18		$	24	$	22		$	2		9
General insurance expenses and taxes	11			11			—			—		24		23			1			4
Increase in loading on deferred and uncollected premiums	(1		)	(2		)	1			(50	)	2		(2		)	4			nm
Net transfers from separate accounts	—			—			—			nm		—		(2		)	2			nm
Total underwriting expenses	$	23		$	20		$	3		15		$	50	$	41		$	9		22
Federal and foreign income tax benefit	3			1			2			200		1		(1		)	2			200
Net gain from operations before realized capital gains	$	5		$	4		$	1		25		$	5	$	4		$	1		25
Realized gains and losses net of capital gains tax, net	—			(3		)	3			nm		—		(3		)	3			nm
Net income (statutory)	$	5		$	1		$	4		nm		$	5	$	1		$	4		nm
Policyholders' surplus - statutory	$	199		$	202		(3		)	(1	)	$	199	$	202		$	(3	)	(1	)
*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 Second-Quarter 2018 Supplemental Financial Data

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Noninsurance Operations and Cincinnati Re
Quarterly Data - Other
(Dollars in millions)	Three months ended																				Six months ended						Nine months ended				Twelve months ended
	12/31/18	9/30/18	6/30/18			3/31/18			12/31/17			9/30/17			6/30/17			3/31/17			6/30/18			6/30/17			9/30/18	9/30/17			12/31/18	12/31/17
Noninsurance Operations:
Interest and fees on loans and leases			$	1		$	1		$	1		$	1		$	1		$	1		$	2		$	2			$	3			$	4
Other revenue			—			—			—			1			—			—			—			—				1				1
Interest expense			13			13			14			13			13			13			26			26				39				53
Operating expense			3			4			2			3			4			4			7			8				11				13
Cincinnati Re:
Net written premiums			$	48		$	46		$	21		$	24		$	40		$	40		$	94		$	80			$	104			$	125
Earned premiums			30			29			27			32			26			22			59			48				80				107
Loss and loss expenses from:
Current accident year before catastrophe losses			15			15			12			13			13			12			30			25				38				50
Current accident year catastrophe losses			—			—			2			43			—			—			—			—				43				45
Prior accident years before catastrophe losses			(2		)	(2		)	—			1			—			(3		)	(4		)	(3		)		(2		)		(2		)
Prior accident years catastrophe losses			—			—			—			—			—			(1		)	—			(1		)		(1		)		(1		)
Loss and loss expenses			$	13		$	13		$	14		$	57		$	13		$	8		$	26		$	21			$	78			$	92
Underwriting expenses			9			11			10			7			9			9			20			18				25				35
Underwriting profit (loss)			$	8		$	5		$	3		$	(32	)	$	4		$	5		$	13		$	9			$	(23	)		$	(20	)
Ratios as a percent of earned premiums:
Current accident year before catastrophe losses			50.0		%	53.4		%	44.5		%	41.1		%	48.8		%	54.1		%	51.6		%	51.2		%		47.3		%		46.5		%
Current accident year catastrophe losses			—			—			6.1			137.2			—			—			—			—				53.8				41.5
Prior accident years before catastrophe losses			(5.8		)	(9.3		)	1.4			1.6			(1.2		)	(12.4		)	(7.5		)	(6.2		)		(3.2		)		(2.0		)
Prior accident years catastrophe losses			(0.1		)	(0.3		)	—			—			0.3			(4.5		)	(0.2		)	(1.9		)		(1.2		)		(0.8		)
Loss and loss expenses			44.1		%	43.8		%	52.0		%	179.9		%	47.9		%	37.2		%	43.9		%	43.1		%		96.7		%		85.2		%
Underwriting expenses			29.1			38.0			35.0			27.5			32.0			40.8			33.5			36.0				32.7				33.3
GAAP combined ratio			73.2		%	81.8		%	87.0		%	207.4		%	79.9		%	78.0		%	77.4		%	79.1		%		129.4		%		118.5		%
Totals for other:
Total revenues			$	31		$	30		$	28		$	34		$	27		$	23		$	61		$	50			$	84			$	112
Total expenses			38			41			40			80			39			34			79			73				153				193
Other loss			$	(7	)	$	(11	)	$	(12	)	$	(46	)	$	(12	)	$	(11	)	$	(18	)	$	(23	)		$	(69	)		$	(81	)
*Dollar amounts shown are in conformity with GAAP and 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 Second-Quarter 2018 Supplemental Financial Data

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