8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)		June 15, 2005
CINCINNATI FINANCIAL CORPORATION
(Exact name of registrant as specified in its charter)
Ohio	0-4604		31-0746871
(State or other jurisdiction of incorporation)	(Commission File Number)		(I.R.S. Employer Identification No.)
6200 S. Gilmore Road, Fairfield, Ohio			45014-5141
(Address of principal executive offices)			(Zip Code)
Registrant’s telephone number, including area code		(513) 870-2000
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13a-4(c))

Item 7.01 Regulation FD Disclosure.

On June 15, 2005, Cincinnati Financial Corporation issued the attached news release “Cincinnati Financial Subsidiaries Earn A.M. Best’s A++ (Superior) Financial Strength Ratings.” The news release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference. This report should not be deemed an admission as to the materiality of any information contained in the news release.

The information furnished in Item 7.01 of this report shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.

Item 9.01  Financial Statements and Exhibits

(c) Exhibits

Exhibit 99.1 – News release dated June 15, 2005, titled “Cincinnati Financial Subsidiaries Earn A.M. Best’s A++ (Superior) Financial Strength Ratings.”

Signature

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CINCINNATI FINANCIAL CORPORATION

Date: June 16, 2005

/s/ Kenneth W. Stecher

Kenneth W. Stecher

Chief Financial Officer, Senior Vice President, Secretary and Treasurer

(Principal Accounting Officer)

EX-99

CINCINNATI  FINANCIAL  CORPORATION

Mailing Address:                  P.O. BOX 145496

CINCINNATI, OHIO  45250-5496

              (513) 870-2000

Media Contact: Joan O. Shevchik

(513) 603-5323

Investor Contact: Heather J. Wietzel

 (513) 603-5236

Cincinnati Financial Subsidiaries Earn A.M. Best’s A++ (Superior) Financial Strength Ratings

· Best affirms top rating of A++ (Superior) for property casualty group

· Best affirms A+ (Superior) for Cincinnati Life

· Best assigns and affirms corporate debt ratings; assigns issuer credit ratings for corporation and subsidiaries

Cincinnati, June 15, 2005—Cincinnati Financial Corporation (Nasdaq: CINF) announced that A.M. Best Co. this week affirmed its insurance subsidiaries’ financial strength ratings with stable outlooks. Best affirmed its highest A++ (Superior) financial strength rating for The Cincinnati Insurance Companies property casualty group and its A+ (Superior) rating for The Cincinnati Life Insurance Company. About 9 percent of insurer groups receive ratings in the Superior category, and less than 2 percent receive the highest rating, A++.

In other action, Best:

·

affirmed Cincinnati Financial’s debt rating of “aa-”on the company’s 6.125% senior notes due 2034

·

assigned a senior debt rating of “aa-” to the company’s newly issued 6.92% senior debentures that were offered in exchange for the outstanding 6.90% senior debentures due 2028

·

assigned issuer credit ratings of “aa-“ to Cincinnati Financial Corporation, “aaa” to The Cincinnati Insurance Companies and “aa-” to The Cincinnati Life Insurance Company

In affirming the property casualty group’s insurer financial strength ratings, Best cited superior risk-based capitalization, very strong operating performance and a successful business position developed through building a network of independent agents to market Cincinnati’s packaged policies in selected states. Best also noted Cincinnati’s very strong overall underwriting results with a 2004 statutory combined ratio of 89.4 percent.

“Independent insurance agents and their quality-conscious clients look for strong insurers to protect their assets. Cincinnati Insurance competes effectively by maintaining superior claims-paying ability and by responding to property casualty claims promptly and in person,” said John J. Schiff Jr., CPCU, chairman and chief executive officer of Cincinnati Financial Corporation and The Cincinnati Insurance Companies.

Best said it expects Cincinnati’s overall operating results and capitalization will remain strong in the near term.

Cincinnati Financial Corporation offers property and casualty insurance, its main business, through The Cincinnati Insurance Company, The Cincinnati Indemnity Company and The Cincinnati Casualty Company. The Cincinnati Life Insurance Company markets life and disability income insurance and annuities. CFC Investment Company offers commercial leasing and financing services. CinFin Capital Management Company provides asset management services to institutions, corporations and individuals.