Supplementary Insurance Information

12 Months Ended

Dec. 31, 2022

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,
	2022		2021		2020
Deferred policy acquisition costs:
Commercial lines insurance	$	372	$	345	$	317
Personal lines insurance	168		145		136
Excess and surplus lines insurance	37		33		28
Other	105		79		61
Total property casualty insurance	682		602		542
Life insurance	332		303		263
Total	$	1,014	$	905	$	805
Gross future policy benefits, losses, claims and expense losses:
Commercial lines insurance	$	5,568	$	5,007	$	4,881
Personal lines insurance	916		814		739
Excess and surplus lines insurance	753		577		446
Other	1,099		831		611
Total property casualty insurance	8,336		7,229		6,677
Life insurance	3,082		3,037		2,938
Total (1)	$	11,418	$	10,266	$	9,615
Gross unearned premiums:
Commercial lines insurance	$	2,021	$	1,857	$	1,714
Personal lines insurance	994		850		797
Excess and surplus lines insurance	236		207		175
Other	437		356		273
Total property casualty insurance	3,688		3,270		2,959
Life insurance	1		1		1
Total (1)	$	3,689	$	3,271	$	2,960
Other policy claims and benefits payable:
Commercial lines insurance	$	—	$	—	$	—
Personal lines insurance	—		—		—
Excess and surplus lines insurance	—		—		—
Other	—		—		—
Total property casualty insurance	—		—		—
Life insurance	41		53		46
Total (1)	$	41	$	53	$	46
Earned premiums:
Commercial lines insurance	$	4,024	$	3,674	$	3,476
Personal lines insurance	1,689		1,542		1,463
Excess and surplus lines insurance	485		398		325
Other	726		570		427
Total property casualty insurance	6,924		6,184		5,691
Life insurance	295		298		289
Total	$	7,219	$	6,482	$	5,980

 Schedule III (continued)

Cincinnati Financial Corporation and Subsidiaries
Supplementary Insurance Information
(Dollars in millions)	Years ended December 31,
	2022		2021		2020
Investment income, net of expenses:
Commercial lines insurance	$	—	$	—	$	—
Personal lines insurance	—		—		—
Excess and surplus lines insurance	—		—		—
Other	—		—		—
Total property casualty insurance (2)	509		457		431
Life insurance	171		166		158
Total	$	680	$	623	$	589
Benefits, claims losses and settlement expenses:
Commercial lines insurance	$	2,761	$	1,940	$	2,336
Personal lines insurance	1,166		992		977
Excess and surplus lines insurance	315		250		199
Other	474		414		325
Total property casualty insurance	4,716		3,596		3,837
Life insurance	296		340		297
Total	$	5,012	$	3,936	$	4,134
Amortization of deferred policy acquisition costs:
Commercial lines insurance	$	769	$	703	$	664
Personal lines insurance	311		276		256
Excess and surplus lines insurance	79		63		51
Other	144		109		86
Total property casualty insurance	1,303		1,151		1,057
Life insurance	44		46		49
Total (3)	$	1,347	$	1,197	$	1,106
Underwriting, acquisition and insurance expenses:
Commercial lines insurance	$	460	$	437	$	415
Personal lines insurance	198		181		187
Excess and surplus lines insurance	45		43		43
Other	72		55		42
Total property casualty insurance	775		716		687
Life insurance	40		38		36
Total (3)	$	815	$	754	$	723
Net written premiums:
Commercial lines insurance	$	4,159	$	3,811	$	3,534
Personal lines insurance	1,831		1,594		1,503
Excess and surplus lines insurance	502		426		348
Other	815		648		479
Total property casualty insurance	7,307		6,479		5,864
Accident and health insurance	2		2		2
Total	$	7,309	$	6,481	$	5,866

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.