Exhibit 99.2

                        CINCINNATI FINANCIAL CORPORATION

                               Offer to Exchange

              Any and all outstanding 6.125% Senior Notes due 2034
                                      for
                          6.125% Senior Notes due 2034
          which have been registered under the Securities Act of 1933

      THE EXCHANGE OFFER WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON
______________, 2004, UNLESS EXTENDED BY THE COMPANY IN ITS SOLE DISCRETION.

                                                              ____________, 2004

To Brokers, Dealers, Commercial Banks, Trust
       Companies and other Nominees:

      As described in the enclosed Prospectus, dated ________ ___, 2004 (the
"Prospectus"), and form of Letter of Transmittal (the "Letter of Transmittal"),
Cincinnati Financial Corporation (the "Company") is offering to exchange up to
$375,000,000 aggregate principal amount of outstanding 6.125% Senior Notes due
2034 (collectively, the "Outstanding Notes"), for up to $375,000,000 aggregate
principal amount of the Company's 6.125% Senior Notes due 2034, which have been
registered under the Securities Act of 1933, as amended (collectively, the
"Exchange Notes") (the "Exchange Offer"). The terms of the Exchange Notes are
identical in all material respects (including principal amount, interest rate
and maturity) to the terms of the Outstanding Notes for which they may be
exchanged pursuant to the Exchange Offer, except that the Exchange Notes are
freely transferable by holders thereof, upon the terms and subject to the
conditions of the enclosed Prospectus, and the Exchange Notes will not be
subject to any increase in annual interest rate. The Exchange Offer is being
made in order to satisfy certain obligations of the Company contained in the
Registration Rights Agreement dated as of November 1, 2004 by and between the
Company and the initial purchasers of the Outstanding Notes referred to therein.
The Company will accept for exchange any and all Outstanding Notes properly
tendered according to the terms of the Prospectus and the Letter of Transmittal.
Consummation of the Exchange Offer is subject to certain conditions described in
the Prospectus.

      The Company will not pay any fees or commissions to you for soliciting
tenders of Outstanding Notes pursuant to the Exchange Offer. However, you will
be reimbursed by the Company for customary and reasonable mailing and handling
expenses incurred by you in forwarding the enclosed materials to your clients,
including the reasonable expenses of overnight courier services. The Company
will pay all transfer taxes, if any, applicable to the tender of the Outstanding
Notes to it or its order, except as otherwise provided in the Prospectus and
Letter of Transmittal.

      For your information and for forwarding to your clients for whom you hold
the Outstanding Notes held of record in your name or in the name of your
nominee, enclosed are copies of the following documents:

      1. The Prospectus;



      2. The Letter of Transmittal for your use and for the information of your
clients, together with a Substitute Form W-9 and Guidelines for Certification of
Taxpayer Identification Number on Substitute Form W-9 (providing information
relating to U.S. federal income tax backup withholding);

      3. A form of Notice of Guaranteed Delivery; and

      4. A printed form of letter, including a Letter of Instructions, which you
may use to correspond with your clients for whose accounts you hold Outstanding
Notes held of record in your name or in the name of your nominee, with space
provided for obtaining such clients' instructions regarding the Exchange Offer.

      To participate in the Exchange Offer, a duly executed and properly
completed Letter of Transmittal (or facsimile thereof), with any required
signature guarantees and any other required documents, should be sent to the
Exchange Agent and certificates representing the Outstanding Notes should be
delivered to the Exchange Agent, all in accordance with the instructions set
forth in the Letter of Transmittal and the Prospectus.

      If a registered holder of Outstanding Notes desires to tender, but such
Notes are not immediately available, or time will not permit such holder's
Outstanding Notes or other required documents to reach the Exchange Agent before
the Expiration Date, or the procedure for book-entry transfer cannot be
completed on a timely basis, a tender may be effected by following the
guaranteed delivery procedures described in the Prospectus under the caption
"The Exchange Offer - Guaranteed Delivery Procedures".

      WE URGE YOU TO CONTACT YOUR CLIENTS AS PROMPTLY AS POSSIBLE TO OBTAIN
THEIR INSTRUCTIONS.

      Any inquiries you may have with respect to the Exchange Offer should be
addressed to The Bank of New York Trust Company, N.A., the exchange agent for
the Exchange Offer, at their address and telephone number set forth in the
enclosed Prospectus and Letter of Transmittal. Additional copies of the enclosed
materials may be obtained from the exchange agent.

                                            Very truly yours,
                                            Cincinnati Financial Corporation

NOTHING CONTAINED HEREIN OR IN THE ENCLOSED DOCUMENTS SHALL CONSTITUTE YOU OR
ANY OTHER PERSON THE AGENT OF THE COMPANY OR THE EXCHANGE AGENT, OR AUTHORIZE
YOU OR ANY OTHER PERSON TO USE ANY DOCUMENT OR MAKE ANY STATEMENT ON BEHALF OF
EITHER OF THEM IN CONNECTION WITH THE EXCHANGE OFFER, OTHER THAN THE DOCUMENTS
ENCLOSED HEREWITH AND THE STATEMENTS EXPRESSLY CONTAINED THEREIN.

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