Valuation And Qualifying Accounts

12 Months Ended

Dec. 31, 2023

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,
	2023		2022		2021
Allowance for credit losses (1):
Beginning balance, January 1	$	17	$	16	$	22
Additions charged to costs and expenses	33		15		14
Deductions	(14)		(14)		(20)
Ending balance, December 31	$	36	$	17	$	16
Deferred tax valuation allowance:
Beginning balance, January 1	$	31	$	53	$	56
Additions charged to costs and expenses	—		—		—
Deductions	(31)		(22)		(3)
Ending balance, December 31	—		31		53
Total valuation and qualifying accounts	$	36	$	48	$	69

 Notes to Schedule V:

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