Supplementary Insurance Information

12 Months Ended

Dec. 31, 2018

Supplementary Insurance Information [Abstract]

Supplementary Insurance Information

Schedule III

Cincinnati Financial Corporation and Subsidiaries
Supplementary Insurance Information
(Dollars in millions)	Years ended December 31,
	2018		2017		2016
Deferred policy acquisition costs:
Commercial lines insurance	$	291	$	284	$	271
Personal lines insurance	126		121		110
Excess and surplus lines insurance	21		17		16
Cincinnati Re	26		16		11
Total property casualty insurance	464		438		408
Life insurance	274		232		229
Total	$	738	$	670	$	637
Gross future policy benefits, losses, claims and expense losses:
Commercial lines insurance	$	4,466	$	4,236	$	4,179
Personal lines insurance	679		587		569
Excess and surplus lines insurance	298		264		241
Cincinnati Re	203		132		46
Total property casualty insurance	5,646		5,219		5,035
Life insurance	2,802		2,753		2,693
Total (1)	$	8,448	$	7,972	$	7,728
Gross unearned premiums:
Commercial lines insurance	$	1,576	$	1,548	$	1,510
Personal lines insurance	725		683		629
Excess and surplus lines insurance	123		105		93
Cincinnati Re	91		67		74
Total property casualty insurance	2,515		2,403		2,306
Life insurance	1		1		1
Total (1)	$	2,516	$	2,404	$	2,307
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	38		30		28
Total (1)	$	38	$	30	$	28
Earned premiums:
Commercial lines insurance	$	3,218	$	3,165	$	3,089
Personal lines insurance	1,336		1,241		1,161
Excess and surplus lines insurance	234		209		183
Cincinnati Re	132		107		49
Total property casualty insurance	4,920		4,722		4,482
Life insurance	250		232		228
Total	$	5,170	$	4,954	$	4,710

Schedule III (continued)

Cincinnati Financial Corporation and Subsidiaries
Supplementary Insurance Information
(Dollars in millions)	Years ended December 31,
	2018		2017		2016
Investment income, net of expenses:
Commercial lines insurance	$	—	$	—	$	—
Personal lines insurance	—		—		—
Excess and surplus lines insurance	—		—		—
Cincinnati Re	—		—		—
Total property casualty insurance (2)	401		392		384
Life insurance	153		155		155
Total	$	554	$	547	$	539
Benefits, claims losses and settlement expenses:
Commercial lines insurance	$	2,049	$	2,042	$	1,928
Personal lines insurance	972		918		840
Excess and surplus lines insurance	104		86		68
Cincinnati Re	98		92		25
Total property casualty insurance	3,223		3,138		2,861
Life insurance	267		252		246
Total	$	3,490	$	3,390	$	3,107
Amortization of deferred policy acquisition costs:
Commercial lines insurance	$	608	$	590	$	570
Personal lines insurance	242		225		209
Excess and surplus lines insurance	39		35		31
Cincinnati Re	18		17		10
Total property casualty insurance	907		867		820
Life insurance	39		46		43
Total (3)	$	946	$	913	$	863
Underwriting, acquisition and insurance expenses:
Commercial lines insurance	$	415	$	419	$	412
Personal lines insurance	147		135		128
Excess and surplus lines insurance	29		28		23
Cincinnati Re	24		18		6
Total property casualty insurance	615		600		569
Life insurance	36		33		33
Total (3)	$	651	$	633	$	602
Net written premiums:
Commercial lines insurance	$	3,245	$	3,202	$	3,122
Personal lines insurance	1,378		1,294		1,198
Excess and surplus lines insurance	249		219		189
Cincinnati Re	158		125		71
Total property casualty insurance	5,030		4,840		4,580
Accident health insurance	3		3		2
Total	$	5,033	$	4,843	$	4,582

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.