XML 135 R121.htm IDEA: XBRL DOCUMENT v3.24.0.1
Condensed Financial Statements Of Parent Company Condensed Statements Of Income (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues      
Investment income, net of expenses $ 894 $ 781 $ 714
Investment gains and losses, net 1,127 (1,467) 2,409
Other revenues 13 10 10
Total revenues 10,013 6,563 9,626
Expenses      
Interest expense 54 53 53
Other expenses 25 23 20
Total expenses 7,737 7,257 5,928
Provision (Benefit) for Income Taxes 433 (207) 730
Net Income (Loss) 1,843 (487) 2,968
Amortization of pension actuarial gains and losses and prior service costs (5) 7 54
Other comprehensive income (loss) 179 (911) (38)
Comprehensive Income (Loss) 2,022 (1,398) 2,930
Cincinnati Financial Corporation      
Revenues      
Investment income, net of expenses 109 101 91
Investment gains and losses, net 644 (790) 1,058
Other revenues 15 15 15
Total revenues 768 (674) 1,164
Expenses      
Interest expense 52 53 53
Other expenses 38 33 32
Total expenses 90 86 85
Income (Loss) Before Income Taxes and Earnings of Subsidiaries 678 (760) 1,079
Provision (Benefit) for Income Taxes 134 (161) 217
Net Income (Loss) Before Earnings of Subsidiaries 544 (599) 862
Increase in equity of subsidiaries 1,299 112 2,106
Net Income (Loss) 1,843 (487) 2,968
Change in unrealized gain (loss) on securities 4 (10) 1
Amortization of pension actuarial gains and losses and prior service costs (5) 7 54
Other Comprehensive Income (Loss) Before Other Comprehensive Income (Loss) from Subsidiaries (1) (3) 55
Other Comprehensive Income (Loss) of subsidiaries 180 (908) (93)
Other comprehensive income (loss) 179 (911) (38)
Comprehensive Income (Loss) $ 2,022 $ (1,398) $ 2,930