Supplementary Insurance Information

12 Months Ended

Dec. 31, 2021

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,
	2021		2020		2019
Deferred policy acquisition costs:
Commercial lines insurance	$	345	$	317	$	311
Personal lines insurance	145		136		130
Excess and surplus lines insurance	33		28		25
Other	79		61		46
Total property casualty insurance	602		542		512
Life insurance	303		263		262
Total	$	905	$	805	$	774
Gross future policy benefits, losses, claims and expense losses:
Commercial lines insurance	$	5,007	$	4,881	$	4,569
Personal lines insurance	814		739		687
Excess and surplus lines insurance	577		446		351
Other	831		611		481
Total property casualty insurance	7,229		6,677		6,088
Life insurance	3,037		2,938		2,859
Total (1)	$	10,266	$	9,615	$	8,947
Gross unearned premiums:
Commercial lines insurance	$	1,857	$	1,714	$	1,665
Personal lines insurance	850		797		757
Excess and surplus lines insurance	207		175		152
Other	356		273		213
Total property casualty insurance	3,270		2,959		2,787
Life insurance	1		1		1
Total (1)	$	3,271	$	2,960	$	2,788
Other policy claims and benefits payable:
Commercial lines insurance	$	—	$	—	$	—
Personal lines insurance	—		—		—
Excess and surplus lines insurance	—		—		—
Other	—		—		—
Total property casualty insurance	—		—		—
Life insurance	53		46		35
Total (1)	$	53	$	46	$	35
Earned premiums:
Commercial lines insurance	$	3,674	$	3,476	$	3,319
Personal lines insurance	1,542		1,463		1,404
Excess and surplus lines insurance	398		325		278
Other	570		427		333
Total property casualty insurance	6,184		5,691		5,334
Life insurance	298		289		270
Total	$	6,482	$	5,980	$	5,604

 Schedule III (continued)

Cincinnati Financial Corporation and Subsidiaries
Supplementary Insurance Information
(Dollars in millions)	Years ended December 31,
	2021		2020		2019
Investment income, net of expenses:
Commercial lines insurance	$	—	$	—	$	—
Personal lines insurance	—		—		—
Excess and surplus lines insurance	—		—		—
Other	—		—		—
Total property casualty insurance (2)	457		431		419
Life insurance	166		158		152
Total	$	623	$	589	$	571
Benefits, claims losses and settlement expenses:
Commercial lines insurance	$	1,940	$	2,336	$	2,030
Personal lines insurance	992		977		985
Excess and surplus lines insurance	250		199		142
Other	414		325		195
Total property casualty insurance	3,596		3,837		3,352
Life insurance	340		297		286
Total	$	3,936	$	4,134	$	3,638
Amortization of deferred policy acquisition costs:
Commercial lines insurance	$	703	$	664	$	631
Personal lines insurance	276		256		251
Excess and surplus lines insurance	63		51		47
Other	109		86		57
Total property casualty insurance	1,151		1,057		986
Life insurance	46		49		48
Total (3)	$	1,197	$	1,106	$	1,034
Underwriting, acquisition and insurance expenses:
Commercial lines insurance	$	437	$	415	$	422
Personal lines insurance	181		187		164
Excess and surplus lines insurance	43		43		38
Other	55		42		42
Total property casualty insurance	716		687		666
Life insurance	38		36		38
Total (3)	$	754	$	723	$	704
Net written premiums:
Commercial lines insurance	$	3,811	$	3,534	$	3,410
Personal lines insurance	1,594		1,503		1,435
Excess and surplus lines insurance	426		348		303
Other	648		479		368
Total property casualty insurance	6,479		5,864		5,516
Accident and health insurance	2		2		2
Total	$	6,481	$	5,866	$	5,518

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.