XML 126 R110.htm IDEA: XBRL DOCUMENT v3.20.4
Condensed Financial Statements Of Parent Company Condensed Statements Of Cash Flows (Details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash Flows From Operating Activities                      
Net Income $ 1,049 $ 484 $ 909 $ (1,226) $ 626 $ 248 $ 428 $ 695 $ 1,216 $ 1,997 $ 287
Adjustments to reconcile net income to net cash provided by operating activities:                      
Depreciation and amortization                 81 72 63
Gain (Loss) on Sale of Investments                 (851) (1,640) 408
Changes in:                      
Investment income receivable                 (3) (1) 2
Current income tax receivable/payable                 44 92 (91)
Other assets                 (26) (22) (1)
Net cash provided by operating activities                 1,491 1,208 1,181
Cash Flows From Investing Activities                      
Sale of fixed maturities                 179 102 36
Call or maturity of fixed maturities                 912 1,241 1,127
Sale of equity securities                 515 203 403
Purchase of fixed maturities                 (1,382) (1,742) (1,510)
Purchase of equity securities                 (699) (382) (441)
Investment in buildings and equipment                 (20) (24) (20)
Change in other invested assets, net                 (50) (72) (38)
Net cash used in investing activities                 (560) (679) (451)
Cash Flows From Financing Activities                      
Payment of cash dividends to shareholders                 (375) (355) (336)
Shares acquired - share repurchase authorization                 (261) (67) (125)
Proceeds from stock options exercised                   11 9
Other                 (110) (54) (60)
Net cash used in financing activities                 (798) (546) (603)
Cash and cash equivalents at beginning of year       767       784 767 784 657
Cash and cash equivalents at end of year 900       767       900 767 784
Cincinnati Financial Corporation                      
Cash Flows From Operating Activities                      
Net Income                 1,216 1,997 287
Adjustments to reconcile net income to net cash provided by operating activities:                      
Depreciation and amortization                 12 10 7
Gain (Loss) on Sale of Investments                 (552) (720) 114
Dividends from subsidiaries                 550 625 500
Changes in:                      
Increase in equity of subsidiaries                 (763) (1,414) (367)
Investment income receivable                 (1) (1) 2
Current federal income taxes                 (3) (1) 14
Current income tax receivable/payable                 91 146 (35)
Other assets                 0 4 (17)
Other liabilities                 1 4 3
Intercompany receivable for operations                 34 20 19
Net cash provided by operating activities                 585 670 527
Cash Flows From Investing Activities                      
Sale of fixed maturities                 0 3 1
Call or maturity of fixed maturities                 1 21 19
Sale of equity securities                 307 122 131
Purchase of fixed maturities                 (23) (39) (17)
Purchase of equity securities                 (372) (237) (177)
Investment in buildings and equipment                 (11) (13) (12)
Cash paid for acquisition                 0    
Change in other invested assets, net                 (42) (67) (11)
Net cash used in investing activities                 (140) (273) (66)
Cash Flows From Financing Activities                      
Payment of cash dividends to shareholders                 (375) (355) (336)
Shares acquired - share repurchase authorization                 (261) (67) (125)
Proceeds from stock options exercised                 7 11 9
Other                 3 2 1
Net cash used in financing activities                 (626) (409) (451)
Net change in cash and cash equivalents                 (181) (12) 10
Cash and cash equivalents at beginning of year       $ 197       $ 209 197 209 199
Cash and cash equivalents at end of year $ 16       $ 197       $ 16 $ 197 $ 209