Valuation And Qualifying Accounts

12 Months Ended

Dec. 31, 2020

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

Valuation And Qualifying Accounts

Schedule V

Cincinnati Financial Corporation and Subsidiaries
Valuation and Qualifying Accounts
(Dollars in millions)	At December 31,
	2020		2019		2018
Allowance for credit losses (1):
Beginning balance, January 1	$	8	$	6	$	6
Cumulative effect of change in accounting for credit losses as of January 1, 2020, pretax	3		—		—
Additions charged to costs and expenses	19		8		6
Deductions	(8)		(6)		(6)
Ending balance, December 31	$	22	$	8	$	6
Deferred tax valuation allowance:
Beginning balance, January 1	$	41	$	—	$	—
Additions charged to costs and expenses	15		55		—
Deductions	—		(14)		—
Ending balance, December 31	56		41		—
Total valuation and qualifying accounts	$	78	$	49	$	6

 Notes to Schedule V:

(1) Includes allowances for credit losses related to premiums receivable, reinsurance recoverable and finance receivables.