Supplementary Insurance Information

12 Months Ended

Dec. 31, 2019

SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Abstract]

Supplementary Insurance Information

Schedule III

Cincinnati Financial Corporation and Subsidiaries
Supplementary Insurance Information
(Dollars in millions)	Years ended December 31,
	2019		2018		2017
Deferred policy acquisition costs:
Commercial lines insurance	$	311	$	291	$	284
Personal lines insurance	130		126		121
Excess and surplus lines insurance	25		21		17
Other	46		26		16
Total property casualty insurance	512		464		438
Life insurance	262		274		232
Total	$	774	$	738	$	670
Gross future policy benefits, losses, claims and expense losses:
Commercial lines insurance	$	4,569	$	4,466	$	4,236
Personal lines insurance	687		679		587
Excess and surplus lines insurance	351		298		264
Other	481		203		132
Total property casualty insurance	6,088		5,646		5,219
Life insurance	2,859		2,802		2,753
Total (1)	$	8,947	$	8,448	$	7,972
Gross unearned premiums:
Commercial lines insurance	$	1,665	$	1,576	$	1,548
Personal lines insurance	757		725		683
Excess and surplus lines insurance	152		123		105
Other	213		91		67
Total property casualty insurance	2,787		2,515		2,403
Life insurance	1		1		1
Total (1)	$	2,788	$	2,516	$	2,404
Other policy claims and benefits payable:
Commercial lines insurance	$	—	$	—	$	—
Personal lines insurance	—		—		—
Excess and surplus lines insurance	—		—		—
Other	—		—		—
Total property casualty insurance	—		—		—
Life insurance	35		38		30
Total (1)	$	35	$	38	$	30
Earned premiums:
Commercial lines insurance	$	3,319	$	3,218	$	3,165
Personal lines insurance	1,404		1,336		1,241
Excess and surplus lines insurance	278		234		209
Other	333		132		107
Total property casualty insurance	5,334		4,920		4,722
Life insurance	270		250		232
Total	$	5,604	$	5,170	$	4,954

 Schedule III (continued)

Cincinnati Financial Corporation and Subsidiaries
Supplementary Insurance Information
(Dollars in millions)	Years ended December 31,
	2019		2018		2017
Investment income, net of expenses:
Commercial lines insurance	$	—	$	—	$	—
Personal lines insurance	—		—		—
Excess and surplus lines insurance	—		—		—
Other	—		—		—
Total property casualty insurance (2)	419		401		392
Life insurance	152		153		155
Total	$	571	$	554	$	547
Benefits, claims losses and settlement expenses:
Commercial lines insurance	$	2,030	$	2,049	$	2,042
Personal lines insurance	985		972		918
Excess and surplus lines insurance	142		104		86
Other	195		98		92
Total property casualty insurance	3,352		3,223		3,138
Life insurance	286		267		252
Total	$	3,638	$	3,490	$	3,390
Amortization of deferred policy acquisition costs:
Commercial lines insurance	$	631	$	608	$	590
Personal lines insurance	251		242		225
Excess and surplus lines insurance	47		39		35
Other	57		18		17
Total property casualty insurance	986		907		867
Life insurance	48		39		46
Total (3)	$	1,034	$	946	$	913
Underwriting, acquisition and insurance expenses:
Commercial lines insurance	$	422	$	415	$	419
Personal lines insurance	164		147		135
Excess and surplus lines insurance	38		29		28
Other	42		24		18
Total property casualty insurance	666		615		600
Life insurance	38		36		33
Total (3)	$	704	$	651	$	633
Net written premiums:
Commercial lines insurance	$	3,410	$	3,245	$	3,202
Personal lines insurance	1,435		1,378		1,294
Excess and surplus lines insurance	303		249		219
Other	368		158		125
Total property casualty insurance	5,516		5,030		4,840
Accident health insurance	2		3		3
Total	$	5,518	$	5,033	$	4,843

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.