Valuation And Qualifying Accounts

12 Months Ended

Dec. 31, 2021

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,
	2021		2020		2019
Allowance for credit losses (1):
Beginning balance, January 1	$	22	$	8	$	6
Cumulative effect of change in accounting for credit losses as of January 1, 2020, pretax	—		3		—
Additions charged to costs and expenses	14		19		8
Deductions	(20)		(8)		(6)
Ending balance, December 31	$	16	$	22	$	8
Deferred tax valuation allowance:
Beginning balance, January 1	$	56	$	41	$	—
Additions charged to costs and expenses	—		15		55
Deductions	(3)		—		(14)
Ending balance, December 31	53		56		41
Total valuation and qualifying accounts	$	69	$	78	$	49

 Notes to Schedule V:

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