Supplementary Insurance Information

12 Months Ended

Dec. 31, 2020

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,
	2020		2019		2018
Deferred policy acquisition costs:
Commercial lines insurance	$	317	$	311	$	291
Personal lines insurance	136		130		126
Excess and surplus lines insurance	28		25		21
Other	61		46		26
Total property casualty insurance	542		512		464
Life insurance	263		262		274
Total	$	805	$	774	$	738
Gross future policy benefits, losses, claims and expense losses:
Commercial lines insurance	$	4,881	$	4,569	$	4,466
Personal lines insurance	739		687		679
Excess and surplus lines insurance	446		351		298
Other	611		481		203
Total property casualty insurance	6,677		6,088		5,646
Life insurance	2,938		2,859		2,802
Total (1)	$	9,615	$	8,947	$	8,448
Gross unearned premiums:
Commercial lines insurance	$	1,714	$	1,665	$	1,576
Personal lines insurance	797		757		725
Excess and surplus lines insurance	175		152		123
Other	273		213		91
Total property casualty insurance	2,959		2,787		2,515
Life insurance	1		1		1
Total (1)	$	2,960	$	2,788	$	2,516
Other policy claims and benefits payable:
Commercial lines insurance	$	—	$	—	$	—
Personal lines insurance	—		—		—
Excess and surplus lines insurance	—		—		—
Other	—		—		—
Total property casualty insurance	—		—		—
Life insurance	46		35		38
Total (1)	$	46	$	35	$	38
Earned premiums:
Commercial lines insurance	$	3,476	$	3,319	$	3,218
Personal lines insurance	1,463		1,404		1,336
Excess and surplus lines insurance	325		278		234
Other	427		333		132
Total property casualty insurance	5,691		5,334		4,920
Life insurance	289		270		250
Total	$	5,980	$	5,604	$	5,170

 Schedule III (continued)

Cincinnati Financial Corporation and Subsidiaries
Supplementary Insurance Information
(Dollars in millions)	Years ended December 31,
	2020		2019		2018
Investment income, net of expenses:
Commercial lines insurance	$	—	$	—	$	—
Personal lines insurance	—		—		—
Excess and surplus lines insurance	—		—		—
Other	—		—		—
Total property casualty insurance (2)	431		419		401
Life insurance	158		152		153
Total	$	589	$	571	$	554
Benefits, claims losses and settlement expenses:
Commercial lines insurance	$	2,336	$	2,030	$	2,049
Personal lines insurance	977		985		972
Excess and surplus lines insurance	199		142		104
Other	325		195		98
Total property casualty insurance	3,837		3,352		3,223
Life insurance	297		286		267
Total	$	4,134	$	3,638	$	3,490
Amortization of deferred policy acquisition costs:
Commercial lines insurance	$	664	$	631	$	608
Personal lines insurance	256		251		242
Excess and surplus lines insurance	51		47		39
Other	86		57		18
Total property casualty insurance	1,057		986		907
Life insurance	49		48		39
Total (3)	$	1,106	$	1,034	$	946
Underwriting, acquisition and insurance expenses:
Commercial lines insurance	$	415	$	422	$	415
Personal lines insurance	187		164		147
Excess and surplus lines insurance	43		38		29
Other	42		42		24
Total property casualty insurance	687		666		615
Life insurance	36		38		36
Total (3)	$	723	$	704	$	651
Net written premiums:
Commercial lines insurance	$	3,534	$	3,410	$	3,245
Personal lines insurance	1,503		1,435		1,378
Excess and surplus lines insurance	348		303		249
Other	479		368		158
Total property casualty insurance	5,864		5,516		5,030
Accident and health insurance	2		2		3
Total	$	5,866	$	5,518	$	5,033

Notes to Schedule III:

(1) The sum of gross future policy benefits, losses, claims and expense losses, gross unearned premiums 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.