Cincinnati Financial Corporation

Supplemental Financial Data

for the period ending June 30, 2011

6200 South Gilmore Road

Fairfield, Ohio 45014-5141

www.cinfin.com

Investor Contact:	Media Contact:	Shareholder Contact:
Dennis E. McDaniel	Joan O. Shevchik	Jerry L. Litton
(513) 870-2768	(513) 603-5323	(513) 870-2639

Insurer Financial Strength	A.M. Best	Fitch	Moody’s	Standard & Poor’s
Cincinnati Financial Corporation
Corporate Debt	a	BBB+	A3	BBB
The Cincinnati Insurance Companies
Insurer Financial Strength
Property Casualty Group
Standard Market Subsidiaries:	A+	–	A1	A
The Cincinnati Insurance Company	A+	A+	A1	A
The Cincinnati Indemnity Company	A+	A+	A1	A
The Cincinnati Casualty Company	A+	A+	A1	A
Surplus Lines Subsidiary:
The Cincinnati Specialty Underwriters Insurance Company	A	–	–	–
The Cincinnati Life Insurance Company	A	A+	–	A

Ratings are as of July 26, 2011, under continuous review and subject to change and/or affirmation. For the current ratings, select Financial Strength Ratings on www.cinfin.com.

The consolidated financial statements and financial exhibits that follow are unaudited. These consolidated financial statements and exhibits should be read in conjunction with the consolidated financial statements and notes included with our periodic filings with the U.S. Securities and Exchange Commission. The results of operations for interim periods may not be indicative of results to be expected for the full year.

Cincinnati Financial Corporation

Supplemental Financial Data

Second Quarter 2011

	Page
Definitions of Non-GAAP Information and Reconciliation to Comparable GAAP Measures	3
Consolidated
Quick Reference	4
CFC and Subsidiaries Consolidation – Six Months Ended June 30, 2011	5
CFC and Subsidiaries Consolidation – Three Months Ended June 30, 2011	6
CFC Insurance Subsidiaries – Selected Balance Sheet Data	7
Consolidated Property Casualty Insurance Operations
Statutory Statements of Income	8
Consolidated Cincinnati Insurance Companies – Losses Incurred Detail	9
Consolidated Cincinnati Insurance Companies – Loss Ratio Detail	10
Consolidated Cincinnati Insurance Companies – Loss Claim Count Detail	11
Direct Written Premiums by Line of Business and State	12
Quarterly Property Casualty Data – Commercial Lines of Business	13
Quarterly Property Casualty Data – Personal Lines of Business	14
Loss and Loss Expense Analysis	15
Catastrophe Detail	16
Reconciliation Data
Quarterly Property Casualty Data – Consolidated	17
Quarterly Property Casualty Data – Commercial Lines	18
Quarterly Property Casualty Data – Personal Lines	19
Quarterly Property Casualty Data – Excess & Surplus Lines	20
Life Insurance Operations
Statutory Statements of Income	21

Definitions of Non-GAAP Information and

Reconciliation to Comparable GAAP Measures

Cincinnati Financial Corporation prepares its public financial statements in conformity with accounting principles generally accepted in the United States of America (GAAP). Statutory data is prepared in accordance with statutory accounting rules as defined by the National Association of Insurance Commissioners’ (NAIC) Accounting Practices and Procedures Manual and therefore is not reconciled to GAAP data.

Management uses certain non-GAAP and non-statutory financial measures to evaluate its primary business areas – property casualty insurance, life insurance and investments. Management uses these measures when analyzing both GAAP and non-GAAP measures to improve its understanding of trends in the underlying business and to help avoid incorrect or misleading assumptions and conclusions about the success or failure of company strategies. Management adjustments to GAAP measures generally: apply to non-recurring events that are unrelated to business performance and distort short-term results; involve values that fluctuate based on events outside of management’s control; or relate to accounting refinements that affect comparability between periods, creating a need to analyze data on the same basis.

· Operating income: Operating income is calculated by excluding net realized investment gains and losses (defined as realized investment gains and losses after applicable federal and state income taxes) from net income. Management evaluates operating income to measure the success of pricing, rate and underwriting strategies. While realized investment gains (or losses) are integral to the company’s insurance operations over the long term, the determination to realize investment gains or losses in any period may be subject to management’s discretion and is independent of the insurance underwriting process. Also, under applicable GAAP accounting requirements, gains and losses can be recognized from certain changes in market values of securities without actual realization. Management believes that the level of realized investment gains or losses for any particular period, while it may be material, may not fully indicate the performance of ongoing underlying business operations in that period.

For these reasons, many investors and shareholders consider operating income to be one of the more meaningful measures for evaluating insurance company performance. Equity analysts who report on the insurance industry and the company generally focus on this metric in their analyses. The company presents operating income so that all investors have what management believes to be a useful supplement to GAAP information.

· Statutory accounting rules: For public reporting, insurance companies prepare financial statements in accordance with GAAP. However, insurers also must calculate certain data according to statutory accounting rules as defined in the NAIC’s Accounting Practices and Procedures Manual, which may be, and has been, modified by various state insurance departments. Statutory data is publicly available, and various organizations use it to calculate aggregate industry data, study industry trends and compare insurance companies.

· Written premium: Under statutory accounting rules, property casualty written premium is the amount recorded for policies issued and recognized on an annualized basis at the effective date of the policy. Management analyzes trends in written premium to assess business efforts. Earned premium, used in both statutory and GAAP accounting, is calculated ratably over the policy term. The difference between written and earned premium is unearned premium.

CINF Second-Quarter 2011 Supplemental Financial Data

Cincinnati Financial Corporation

Quick Reference - Second Quarter 2011

(all data shown is for the three months ended or as of June 30, 2011)

				Year over year
	6/30/2011			change %
Revenues:
Commercial lines net written premiums	$	537			1
Personal lines net written premiums		210			3
Excess & surplus lines net written premiums		21			62
Property casualty net written premiums		768			3
Life and accident and health net written premiums		48			9
Annuity net written premiums		29			(43	)
Life, annuity and accident and health net written premiums		77			(19	)
Commercial lines net earned premiums		533			(1	)
Personal lines net earned premiums		180			1
Excess & surplus lines net earned premiums		17			55
Property casualty net earned premiums		730			0
Fee revenue		1			0
Life and accident and health net earned premiums		43			8
Investment income		132			2
Realized gains on investments		67		nm
Other revenue		2			0
Total revenues		975			11
Income:
Operating loss	$	(93	)	nm
Net realized investment gains and losses		44		nm
Net loss		(49	)	nm
Per share (diluted):
Operating loss	$	(0.57	)	nm
Net realized investment gains and losses		0.27		nm
Net loss		(0.30	)	nm
Book value		31.01			6
Weighted average shares		163,068,516			0

CINF Second-Quarter 2011 Supplemental Financial Data

Cincinnati Financial Corporation

Quick Reference - Second Quarter 2011

(all data shown is for the three months ended or as of June 30, 2011)

	6/30/2011			Year over year change %
Benefits and expenses:
Commercial lines loss and loss expenses	$	483			27
Personal lines loss and loss expenses		269			65
Excess & surplus lines loss and loss expenses		7			(36	)
Life and accident and health losses and policy benefits		44			2
Underwriting, acquisition and insurance expenses		251			2
Other operating expenses		6			100
Interest expenses		14			8
Total benefits & expenses		1,072			25
Loss before income taxes		(97	)	nm
Total income tax		(48	)	nm
Balance Sheet:
Fixed maturity investments	$	8,717
Equity securities		2,971
Other invested assets		69
Total invested assets	$	11,757
Equity in net assets of subsidiaries	$	4,742
Loss and loss expense reserves	$	4,535
Total debt		839
Shareholders' equity		5,057
Key ratios:
Commercial lines GAAP combined ratio		124.2	%
Personal lines GAAP combined ratio		179.2
Excess & surplus lines GAAP combined ratio		74.7
Property casualty GAAP combined ratio		136.6
Commercial lines STAT combined ratio		123.0	%
Personal lines STAT combined ratio		178.4
Excess & surplus lines STAT combined ratio		68.7
Property casualty STAT combined ratio		135.4
Value creation ratio		0.1	%

CINF Second-Quarter 2011 Supplemental Financial Data

Cincinnati Financial Corporation

Consolidated Statements of Income for the Six Months Ended June 30, 2011

(In millions)	CFC			CONSOL P&C			CLIC			CFC-I			ELIM			Total
Revenues:
Premiums earned:
Property casualty	$	-		$	1,594		$	-		$	-		$	-		$	1,594
Life		-			-			102			-			-			102
Accident health		-			-			3			-			-			3
Premiums ceded		-			(119	)		(25	)		-			-			(144	)
Total earned premium		-			1,475			80			-			-			1,555
Investment income		20			176			67			-			-			263
Realized gain on investments		8			94			(24	)		1			-			79
Fee revenue		-			2			-			-			-			2
Other revenue		7			1			1			4			(8	)		5
Total revenues	$	35		$	1,748		$	124		$	5		$	(8	)	$	1,904
Benefits & expenses:
Losses & policy benefits	$	-		$	1,531		$	109		$	-		$	(2	)	$	1,638
Reinsurance recoveries		-			(242	)		(20	)		-			-			(262	)
Underwriting, acquisition and insurance expenses		-			482			30			-			-			512
Other operating expenses		13			-			-			2			(5	)		10
Interest expense		26			-			-			1			-			27
Total expenses	$	39		$	1,771		$	119		$	3		$	(7	)	$	1,925
Income (loss) before income taxes	$	(4	)	$	(23	)	$	5		$	2		$	(1	)	$	(21	)
Provision (benefit) for income taxes:
Current operating income	$	(10	)	$	(58	)	$	14		$	-		$	-		$	(54	)
Capital gains/losses		3			33			(8	)		-			-			28
Deferred		2			(7	)		(3	)		-			-			(8	)
Total provision (benefit) for income taxes	$	(5	)	$	(32	)	$	3		$	-		$	-		$	(34	)
Operating income (loss)	$	(4	)	$	(52	)	$	18		$	1		$	(1	)	$	(38	)
Net income - current year	$	1		$	9		$	2		$	2		$	(1	)	$	13
Net income (loss) - prior year	$	(3	)	$	82		$	16		$	(1	)	$	1		$	95

* Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.

CINF Second-Quarter 2011 Supplemental Financial Data

Cincinnati Financial Corporation and Subsidiaries

Consolidated Statements of Income for the Three Months Ended June 30, 2011

(In millions)	CFC			CONSOL P&C			CLIC			CFC-I		ELIM			Total
Revenues:
Premiums earned:
Property casualty	$	-		$	809		$	-		$	-	$	-		$	809
Life		-			-			54			-		-			54
Accident health		-			-			2			-		-			2
Premiums ceded		-			(79	)		(13	)		-		-			(92	)
Total earned premium		-			730			43			-		-			773
Investment income		10			88			34			-		-			132
Realized gain (loss) on investments		5			57			5			-		-			67
Fee revenue		-			1			-			-		-			1
Other revenue		3			-			1			2		(4	)		2
Total revenues	$	18		$	876		$	83		$	2	$	(4	)	$	975
Benefits & expenses:
Losses & policy benefits	$	-		$	988		$	56		$	-	$	(1	)	$	1,043
Reinsurance recoveries		-			(229	)		(12	)		-		(1	)		(242	)
Underwriting, acquisition and insurance expenses		-			237			14			-		-			251
Other operating expenses		7			-			-			1		(2	)		6
Interest expense		13			-			-			1		-			14
Total expenses	$	20		$	996		$	58		$	2	$	(4	)	$	1,072
Income (loss) before income taxes	$	(2	)	$	(120	)	$	25		$	-	$	-		$	(97	)
Provision (benefit) for income taxes:
Current operating income	$	(7	)	$	(70	)	$	4		$	-	$	-		$	(73	)
Capital gains/losses		2			19			2			-		-			23
Deferred		3			(4	)		3			-		-			2
Total provision (benefit) for income taxes	$	(2	)	$	(55	)	$	9		$	-	$	-		$	(48	)
Operating income (loss)	$	(3	)	$	(103	)	$	13		$	-	$	-		$	(93	)
Net income (loss) - current year	$	-		$	(65	)	$	16		$	-	$	-		$	(49	)
Net income - prior year	$	(6	)	$	24		$	9		$	-	$	-		$	27

* Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.

CINF Second-Quarter 2011 Supplemental Financial Data

Cincinnati Financial Corporation Insurance Subsidiaries

Selected Balance Sheet Data

(In millions)	12/31/2011	9/30/2011	6/30/2011		3/31/2011		12/31/2010			9/30/2010		6/30/2010			3/31/2010
Cincinnati Insurance Consolidated
Fixed maturities (fair value)			$	5,954	$	5,850	$	5,818		$	5,924	$	5,804		$	5,759
Equities (fair value)				2,113		2,203		2,175			1,928		1,862			2,013
Short-term investments (fair value)				-		-		-			-		-			-
Fixed maturities - pretax net unrealized gain (loss)				388		320		314			494		363			287
Equities - pretax net unrealized gain				631		670		604			476		457			635
Loss and loss expense reserves - STAT				3,903		3,788		3,756			3,799		3,781			3,689
Equity GAAP				4,702		4,721		4,656			4,652		4,429			4,506
Surplus - STAT				3,743		3,833		3,777			3,641		3,537			3,692
The Cincinnati Life Insurance Company
Fixed maturities (fair value)			$	2,528	$	2,449	$	2,315		$	1,867	$	1,859		$	2,055
Equities (fair value)				37		102		103			108		100			114
Short-term investments (fair value)				-		-		-			-		-			-
Fixed maturities - pretax net unrealized gain (loss)				174		149		148			215		154			110
Equities - pretax net unrealized gain (loss)				19		25		(4	)		1		(7	)		7
Equity - GAAP				783		756		748			775		729			700
Surplus - STAT				309		308		303			316		307			310

	12/31/2009		9/30/2009		6/30/2009		3/31/2009			12/31/2008			9/30/2008			6/30/2008			3/31/2008
Cincinnati Insurance Consolidated
Fixed maturities (fair value)	$	5,663	$	5,521	$	5,521	$	5,169		$	4,309		$	4,183		$	4,304		$	4,351
Equities (fair value)		1,910		2,477		2,477		2,247			2,432			3,210			3,537			4,186
Short-term investments (fair value)		5		10		10		11			19			162			-			51
Fixed maturities - pretax net unrealized gain (loss)		202		301		301		25			(108	)		(132	)		(33	)		39
Equities - pretax net unrealized gain		592		590		590		487			627			1,016			1,187			1,831
Loss and loss expense reserves - STAT		3,639		3,656		3,656		3,674			3,494			3,507			3,534			3,448
Equity GAAP		4,405		4,283		4,283		3,795			3,667			3,947			4,011			4,498
Surplus - STAT		3,648		3,472		3,472		3,241			3,360			3,687			3,650			4,027
The Cincinnati Life Insurance Company
Fixed maturities (fair value)	$	1,927	$	1,868	$	1,868	$	1,694		$	1,467		$	1,483		$	1,551		$	1,534
Equities (fair value)		108		119		119		103			122			200			265			307
Short-term investments (fair value)		-		1		1		1			-			-			-			-
Fixed maturities - pretax net unrealized gain (loss)		72		67		67		(43	)		(115	)		(79	)		(35	)		-
Equities - pretax net unrealized gain		1		11		11		(8	)		(7	)		61			92			127
Equity - GAAP		666		653		653		563			471			530			617			661
Short-term investments (fair value)		300		283		283		270			290			371			420			453

CINF Second-Quarter 2011 Supplemental Financial Data

Consolidated Cincinnati Insurance Companies

Statutory Statements of Income

	For the Three Months Ended June 30,												For the Six Months Ended June 30,
(Dollars in millions)	2011			2010			Change			% Change			2011			2010			Change			% Change
Underwriting income
Net premiums written	$	769		$	750		$	19			3		$	1,547		$	1,505		$	42			3
Unearned premiums increase		39			22			17			77			72			69			3			4
Earned premiums	$	730		$	728		$	2			0		$	1,475		$	1,436		$	39			3
Losses incurred	$	666		$	475		$	191			40		$	1,100		$	859		$	241			28
Allocated loss expenses incurred		51			41			10			24			96			84			12			14
Unallocated loss expenses incurred		43			38			5			13			93			85			8			9
Other underwriting expenses incurred		247			231			16			7			484			485			(1	)	nm
Workers compensation dividend incurred		(7	)		3			(10	)	nm				8			7			1			14
Total underwriting deductions	$	1,000		$	788		$	212			27		$	1,781		$	1,520		$	261			17
Net underwriting losses	$	(270	)	$	(60	)	$	(210	)		(350	)	$	(306	)	$	(84	)	$	(222	)		(264	)
Investment income
Gross investment income earned	$	91		$	90		$	1			1		$	182		$	180		$	2			1
Net investment income earned		90			88			2			2			180			177			3			(264	)
Net realized capital gains		38			(8	)		46		nm				61			(6	)		67		nm
Net investment gains (excl. subs)	$	128		$	80		$	48			60		$	241		$	171		$	70			41
Dividend from subsidiary		-			-			-			-			-			-			-			-
Net investment gains (net of tax)	$	128		$	80		$	48			60		$	241		$	171		$	70			41
Other income	$	1		$	1		$	-		nm			$	2		$	2		$	-		nm
Net income before federal income taxes	$	(141	)	$	21		$	(162	)	nm			$	(63	)	$	89		$	(152	)	nm
Federal and foreign income taxes incurred	$	(70	)	$	9		$	(79	)	nm			$	(57	)	$	26		$	(83	)	nm
Net income (loss) (statutory)	$	(71	)	$	12		$	(83	)	nm			$	(6	)	$	63		$	(69	)	nm

* Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts.

* Statutory data prepared in accordance with statutory accounting rules as defined by the National Association of Insurance Commissioners and filed with the appropriate regulatory bodies.

* Excludes CSU Producers Resources Inc.

CINF Second-Quarter 2011 Supplemental Financial Data

Consolidated Cincinnati Insurance Companies

Losses Incurred Detail

(In millions)		Three months ended															Six months ended				Nine months ended			Twelve months ended
	12/31/11		9/30/11	6/30/11		3/31/11		12/31/10			9/30/10		6/30/10		3/31/10		6/30/11		6/30/10		9/30/11	9/30/10		12/31/11	12/31/10
Consolidated
New losses greater than $4,000,000				$	6	$	11	$	15		$	17	$	11	$	6	$	16	$	17		$	34		$	49
New losses $1,000,000-$4,000,000					33		50		43			36		29		35		83		64			100			142
New losses $250,000-$1,000,000					51		54		47			46		53		52		106		104			150			200
Case reserve development above $250,000					51		34		45			66		30		37		85		68			134			178
Large losses subtotal				$	141	$	149	$	150		$	165	$	123	$	130	$	290	$	253		$	418		$	569
IBNR incurred					18		32		18			16		11		12		51		23			41			59
Catastrophe losses incurred					289		41		5			28		100		15		330		114			143			148
Remaining incurred					218		213		184			228		239		228		430		468			694			876
Total losses incurred				$	666	$	435	$	357		$	437	$	473	$	385	$	1,101	$	858		$	1,296		$	1,652
Commercial Lines
New losses greater than $4,000,000				$	6	$	11	$	10		$	17	$	11	$	6	$	16	$	17		$	34		$	44
New losses $1,000,000-$4,000,000					30		40		38			28		22		32		70		54			82			120
New losses $250,000-$1,000,000					39		37		31			37		40		40		77		80			117			148
Case reserve development above $250,000					46		31		41			62		29		32		77		61			123			164
Large losses subtotal				$	121	$	119	$	120		$	144	$	102	$	110	$	240	$	212		$	356		$	476
IBNR incurred					11		24		19			10		7		9		35		17			27			45
Catastrophe losses incurred					157		26		5			17		57		10		183		66			84			89
Remaining incurred					124		131		97			141		152		152		255		304			444			542
Total losses incurred				$	413	$	300	$	241		$	312	$	318	$	281	$	713	$	599		$	911		$	1,152
Personal Lines
New losses greater than $4,000,000				$	-	$	-	$	5		$	-	$	-	$	-	$	-	$	-		$	-		$	5
New losses $1,000,000-$4,000,000					3		9		5			5		7		3		13		10			15			20
New losses $250,000-$1,000,000					10		14		14			7		10		10		23		20			27			41
Case reserve development above $250,000					4		3		3			4		1		3		7		4			8			11
Large losses subtotal				$	17	$	26	$	27		$	16	$	18	$	16	$	43	$	34		$	50		$	77
IBNR incurred					4		4		1			4		2		1		9		2			7			8
Catastrophe losses incurred					131		14		(1	)		11		43		5		145		48			59			58
Remaining incurred					91		80		86			84		83		75		170		159			243			328
Total losses incurred				$	243	$	124	$	113		$	115	$	146	$	97	$	367	$	243		$	359		$	471
Excess & Surplus Lines
New losses greater than $4,000,000				$	-	$	-	$	-		$	-	$	-	$	-	$	-	$	-		$	-		$	-
New losses $1,000,000-$4,000,000					-		1		-			3		-		-		-		-			3			3
New losses $250,000-$1,000,000					2		3		2			2		3		2		6		5			6			9
Case reserve development above $250,000					1		-		1			-		-		2		1		2			3			3
Large losses subtotal				$	3	$	4	$	3		$	5	$	3	$	4	$	7	$	7		$	12		$	15
IBNR incurred					3		4		(2	)		2		2		2		7		5			7			4
Catastrophe losses incurred					1		1		1			-		-		-		2		-			-			1
Remaining incurred					3		2		1			3		4		1		5		4			7			9
Total losses incurred				$	10	$	11	$	3		$	10	$	9	$	7	$	21	$	16		$	26		$	29

* Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.  The sum of quarterly amounts may not equal the full year as each is computed independently.

* Statutory data prepared in accordance with statutory accounting rules as defined by the National Association of Insurance Commissioners and filed with the appropriate regulatory bodies.

CINF Second-Quarter 2011 Supplemental Financial Data

Cincinnati Insurance Companies

Loss Ratio Detail

	Three months ended																				Six months ended						Nine months ended				Twelve months ended
	12/31/11	9/30/11	6/30/11			3/31/11			12/31/10			9/30/10			6/30/10			3/31/10			6/30/11			6/30/10			9/30/11	9/30/10			12/31/11	12/31/10
Consolidated
New losses greater than $4,000,000				0.8	%		1.4	%		2.0	%		2.3	%		1.5	%		0.8	%		1.1	%		1.2	%			1.6	%			1.7	%
New losses $1,000,000-$4,000,000				4.6			6.7			5.7			4.8			4.0			4.9			5.6			4.6				4.6				4.9
New losses $250,000-$1,000,000				7.0			7.3			6.7			6.2			7.2			7.4			7.2			7.2				6.9				6.8
Case reserve development above $250,000				6.9			4.6			5.9			8.9			4.2			5.3			5.8			4.7				6.2				6.1
Large losses subtotal				19.3	%		20.0	%		20.3	%		22.2	%		16.9	%		18.4	%		19.7	%		17.7	%			19.3	%			19.5	%
IBNR incurred				2.5			4.4			2.5			2.3			1.6			1.7			3.4			1.6				1.8				2.0
Total catastrophe losses incurred				39.6			5.5			0.7			3.8			13.6			2.1			22.3			7.9				6.5				5.1
Remaining incurred				29.8			28.5			24.4			30.5			33.0			32.1			29.2			32.6				31.9				30.0
Total loss ratio				91.2	%		58.4	%		47.9	%		58.8	%		65.1	%		54.3	%		74.6	%		59.8	%			59.5	%			56.6	%
Commercial Lines
New losses greater than $4,000,000				1.1	%		1.9	%		1.8	%		3.1	%		2.0	%		1.1	%		1.5	%		1.6	%			2.1	%			2.0	%
New losses $1,000,000-$4,000,000				5.5			7.5			7.0			5.1			4.1			6.1			6.5			5.1				5.1				5.6
New losses $250,000-$1,000,000				7.4			6.9			5.8			6.7			7.4			7.7			7.1			7.5				7.3				6.9
Case reserve development above $250,000				8.7			5.7			7.4			11.4			5.4			6.2			7.2			5.8				7.7				7.6
Large losses subtotal				22.7	%		22.0	%		22.0	%		26.3	%		18.9	%		21.1	%		22.3	%		20.0	%			22.2	%			22.1	%
IBNR incurred				2.0			4.4			3.3			1.9			1.3			1.8			3.3			1.6				1.7				2.1
Total catastrophe losses incurred				29.6			4.9			1.0			3.2			10.5			1.8			17.1			6.2				5.2				4.1
Remaining incurred				23.3			24.2			17.8			25.7			28.3			29.0			23.7			28.6				27.6				25.2
Total loss ratio				77.6	%		55.5	%		44.1	%		57.1	%		59.0	%		53.7	%		66.4	%		56.4	%			56.7	%			53.5	%
Personal Lines
New losses greater than $4,000,000				0.0	%		0.0	%		2.7	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%			0.0	%			0.7	%
New losses $1,000,000-$4,000,000				2.0			4.8			2.3			2.8			4.4			1.5			3.5			3.0				2.9				2.8
New losses $250,000-$1,000,000				5.4			7.1			7.8			4.0			5.6			5.5			6.2			5.6				5.0				5.7
Case reserve development above $250,000				2.3			1.7			1.8			2.0			0.6			1.9			2.0			1.2				1.5				1.6
Large losses subtotal				9.7	%		13.6	%		14.6	%		8.8	%		10.6	%		8.9	%		11.7	%		9.8	%			9.4	%			10.8	%
IBNR incurred				2.4			2.3			0.8			2.4			0.9			0.3			2.3			0.6				1.2				1.1
Total catastrophe losses incurred				73.0			7.4			(0.3	)		6.0			23.8			3.0			39.2			13.5				11.0				8.1
Remaining incurred				50.6			41.6			45.3			46.0			47.1			43.1			46.0			45.1				45.4				45.4
Total loss ratio				135.7	%		64.9	%		60.4	%		63.2	%		82.4	%		55.3	%		99.2	%		69.0	%			67.0	%			65.4	%
Excess & Surplus Lines
New losses greater than $4,000,000				0.0	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%			0.0	%			0.0	%
New losses $1,000,000-$4,000,000				0.0			0.0			0.0			19.4			0.0			0.0			0.0			0.0				7.1				5.1
New losses $250,000-$1,000,000				12.4			25.8			17.5			16.7			18.8			16.9			18.7			19.9				18.7				18.4
Case reserve development above $250,000				2.5			2.7			1.8			2.5			2.7			20.7			2.6			11.6				13.1				14.2
Large losses subtotal				14.9	%		28.5	%		19.3	%		38.6	%		21.5	%		37.6	%		21.3	%		31.5	%			38.9	%			37.7	%
IBNR incurred				17.1			26.1			(13.2	)		14.9			23.5			18.4			21.3			23.7				18.5				9.6
Total catastrophe losses incurred				4.2			2.8			(0.1	)		4.6			0.0			0.0			3.6			0.0				1.7				1.2
Remaining incurred				13.4			20.2			14.7			14.2			32.5			9.4			16.6			18.3				18.8				17.4
Total loss ratio				49.6	%		77.6	%		20.7	%		72.3	%		77.5	%		65.4	%		62.8	%		73.5	%			77.9	%			65.9	%

* Certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts.

* Statutory data prepared in accordance with statutory accounting rules as defined by the National Association of Insurance Commissioners and filed with the appropriate regulatory bodies.

CINF Second-Quarter 2011 Supplemental Financial Data

Cincinnati Insurance Companies

Loss Claim Count Detail

	Three months ended														Six months ended				Nine months ended			Twelve months ended
	12/31/11	9/30/11	6/30/11		3/31/11		12/31/10		9/30/10		6/30/10		3/31/10		6/30/11		6/30/10		9/30/11	9/30/10		12/31/11	12/31/10
Consolidated
New losses greater than $4,000,000				1		2		3		3		2		1		3		3			6			9
New losses $1,000,000-$4,000,000				18		30		23		20		18		19		48		37			57			80
New losses $250,000-$1,000,000				122		122		123		112		117		123		244		240			352			475
Case reserve development above $250,000				81		68		71		101		73		77		149		143			237			308
Large losses total				222		222		220		236		210		220		444		423			652			872
Commercial Lines
New losses greater than $4,000,000				1		2		2		3		2		1		3		3			6			8
New losses $1,000,000-$4,000,000				15		24		20		15		12		17		39		29			44			64
New losses $250,000-$1,000,000				97		85		79		88		88		95		182		183			271			350
Case reserve development above $250,000				70		59		70		93		70		67		129		137			230			300
Large losses total				183		170		171		199		172		180		353		352			551			722
Personal Lines
New losses greater than $4,000,000				-		-		1		-		-		-		-		-			-			1
New losses $1,000,000-$4,000,000				3		6		3		3		6		2		9		8			11			14
New losses $250,000-$1,000,000				20		29		38		19		24		24		49		48			67			105
Case reserve development above $250,000				10		8		-		7		2		5		18		7			14			23
Large losses total				33		43		42		29		32		31		76		63			92			143
Excess & Surplus Lines
New losses greater than $4,000,000				-		-		-		-		-		-		-		-			-			-
New losses $1,000,000-$4,000,000				-		-		-		2		-		-		-		-			2			2
New losses $250,000-$1,000,000				5		8		6		5		5		4		13		9			14			20
Case reserve development above $250,000				1		1		1		1		1		5		2		6			7			8
Large losses total				6		9		7		8		6		9		15		15			23			30

The sum of quarterly amounts may not equal the full year as each is computed independently.

* Statutory data prepared in accordance with statutory accounting rules as defined by the National Association of Insurance Commissioners and filed with the appropriate regulatory bodies.

CINF Second-Quarter 2011 Supplemental Financial Data

Consolidated Cincinnati Insurance Companies

Agency Direct Written Premiums by Agency State by Line of Business for the Six Months Ended June 30, 2011

(Dollars in millions)	Commercial Lines														Personal Lines								Consolidated				Comm'l			Personal			E & S			Consol
Risk	Comm		Comm		Comm		Workers'		Spec		Surety &		Mach. &		Personal		Home		Other		E & S		2011		2010		Change			Change			Change			Change
State	Casualty		Property		Auto		Comp		Packages		Exec Risk		Equipment		Auto		Owner		Personal		Lines		Total		Total		%			%			%			%
OH	$	65.5	$	50.0	$	31.9	$	-	$	10.2	$	11.9	$	2.8	$	61.0	$	45.4	$	16.3	$	5.2	$	299.7	$	290.0		2.3			4.1			40.2			3.5
IL		29.2		21.3		15.0		27.1		5.6		4.0		1.5		14.3		11.1		3.7		2.7		135.5		132.0		0.5			9.1			23.1			2.6
IN		23.3		18.9		11.9		14.2		4.1		3.2		1.4		15.0		14.3		3.9		3.7		114.0		104.1		8.4			10.4			26.1			9.5
PA		24.8		16.0		16.8		25.7		5.3		3.3		1.1		4.1		3.2		1.8		1.8		104.0		100.8		2.0			10.6			28.6			3.0
GA		12.8		11.0		9.0		6.2		4.0		3.0		0.6		16.7		15.7		4.6		2.4		86.0		83.2		(0.4	)		7.5			21.7			3.4
NC		15.2		13.1		9.9		9.1		7.5		3.6		0.9		7.5		5.5		2.6		1.5		76.4		72.3		(1.9	)		44.1			47.3			5.7
MI		15.5		10.8		7.6		8.1		4.8		2.9		0.9		8.2		7.7		1.8		1.7		70.1		65.3		3.3			19.6			22.2			7.4
VA		14.9		12.1		9.8		8.8		2.4		2.7		0.7		4.7		3.9		1.4		1.2		62.7		64.1		(3.5	)		1.7			30.5			(2.2	)
KY		10.7		11.5		7.4		1.9		3.0		1.4		0.5		12.0		9.3		2.6		1.5		61.7		57.9		4.1			9.5			34.4			6.7
TN		12.3		10.8		7.6		4.6		5.2		2.6		0.8		5.6		6.0		2.1		0.7		58.2		55.5		2.0			16.3			(4.9	)		4.9
WI		12.7		8.4		5.7		14.2		1.9		1.5		0.8		4.5		3.9		1.7		1.2		56.7		57.5		(3.7	)		5.7			29.5			(1.6	)
AL		8.4		9.7		3.7		0.4		4.3		1.2		0.5		8.5		13.4		3.0		1.5		54.8		51.7		2.2			7.6			74.5			5.8
MO		10.2		9.6		6.2		5.8		3.1		1.1		0.6		2.3		3.1		0.7		2.1		44.9		43.8		(2.2	)		20.3			68.8			2.4
FL		11.6		11.0		4.3		0.5		0.9		1.0		0.4		4.6		6.1		1.3		1.4		43.0		44.6		(2.0	)		(10.6	)		45.8			(3.6	)
MN		10.8		8.8		4.6		4.1		1.8		1.0		0.7		4.3		4.1		1.2		0.9		42.3		39.7		4.2			15.1			21.1			6.8
IA		9.9		6.7		4.8		9.7		2.0		1.5		0.7		2.2		2.2		0.9		0.7		41.2		41.4		(3.1	)		17.5			39.1			(0.3	)
NY		16.3		5.3		6.4		1.2		0.7		1.4		0.4		-		-		0.6		0.5		32.7		32.5		(1.5	)	nm				26.4			0.5
TX		10.1		8.0		6.1		1.0		0.4		0.6		0.6		-		-		-		3.1		29.8		19.4		48.5			62.4			117.9			53.6
MD		6.4		3.9		5.2		4.4		0.7		1.1		0.3		0.6		1.1		0.3		0.7		24.7		23.2		4.4			36.9			10.1			6.6
KS		4.0		4.2		2.4		4.1		1.7		0.8		0.3		2.4		3.0		0.7		0.4		23.9		24.1		(3.9	)		6.9			40.6			(0.9	)
AR		4.1		5.6		2.9		1.6		2.5		1.1		0.3		1.9		2.1		0.7		0.9		23.6		22.2		1.3			21.6			61.1			6.2
AZ		5.3		3.7		4.2		0.8		0.4		0.6		0.3		0.8		0.8		0.2		0.8		17.9		16.7		2.4			45.3			47.0			7.0
SC		4.6		3.7		2.8		1.7		1.3		1.0		0.1		1.2		0.8		0.3		0.3		17.7		19.2		(13.9	)		66.8			(2.6	)		(7.8	)
UT		4.8		2.4		2.8		-		0.3		1.4		0.2		2.3		1.0		0.2		0.6		16.0		14.6		(0.8	)		82.1			(17.1	)		9.4
MT		5.6		3.1		3.3		-		0.5		0.3		0.2		0.9		0.8		0.2		0.2		15.1		15.7		(7.3	)		33.7			(22.0	)		(3.8	)
NE		3.2		2.9		1.8		3.0		0.8		0.8		0.2		0.4		0.5		0.2		0.7		14.3		14.7		(6.0	)		5.3			106.4			(2.8	)
ID		3.9		2.7		2.8		0.1		0.5		0.6		0.2		0.9		0.5		0.1		0.3		12.5		11.3		5.0			74.5			36.6			11.0
VT		2.2		1.7		1.5		3.7		0.5		0.5		0.1		0.6		0.6		0.2		0.2		11.8		10.8		6.5			38.7			33.5			9.8
WV		3.0		2.4		2.3		0.8		1.1		0.4		0.1		-		0.3		0.1		0.8		11.5		11.1		2.3			3.8			23.8			3.6
ND		3.0		1.8		1.5		-		0.5		0.5		0.1		0.3		0.3		0.1		0.1		8.2		7.2		12.6			17.4			83.7			13.6
CO		2.2		2.2		1.8		0.2		-		0.4		0.1		-		0.1		-		0.4		7.4		5.1		43.2			7.2			58.7			43.3
NH		1.4		1.1		0.7		1.5		0.3		0.5		0.1		0.5		0.5		0.2		0.3		7.1		6.6		3.5			35.6			11.5			8.4
SD		1.3		1.1		0.9		1.6		0.2		0.2		0.1		-		-		-		0.2		5.6		5.0		9.7			9.1			171.5			11.6
WA		1.6		0.9		1.3		-		-		0.3		0.1		-		-		-		0.3		4.5		3.0		46.0			(8.2	)		139.0			49.9
NM		1.5		0.7		0.8		0.3		0.1		0.5		-		-		-		-		0.2		4.1		3.5		20.1		nm				(20.6	)		17.3
DE		0.9		0.9		0.8		0.8		0.2		0.1		0.1		-		-		-		-		3.7		4.6		(19.1	)		8.8		nm				(19.1	)
OR		0.8		0.4		0.7		0.1		-		0.1		-		-		-		-		0.2		2.4		0.2	nm				65.6		nm			nm
WY		0.4		0.2		0.1		-		-		0.1		-		-		-		-		0.2		1.0		0.4		88.3			5.1		nm				117.8
CT		0.3		0.2		0.2		0.2		-		0.1		-		-		-		-		-		1.0		0.2		318.4			17.4		nm				325.5
All Other		1.1		1.3		0.9		1.7		0.1		0.8		-		-		-		-		0.2		6.2		6.2		(3.9	)		75.3		nm				(0.5	)
Total	$	375.8	$	290.4	$	210.1	$	168.9	$	78.9	$	60.1	$	19.1	$	188.2	$	167.2	$	53.6	$	41.7	$	1,653.9	$	1,581.4		2.0			10.0			38.7			4.6
Other Direct		-		0.5		-		1.8		-		-		-		0.1		0.1		-		-		2.5		2.6		(6.2	)		36.5		nm				(4.3	)
Total Direct	$	375.8	$	290.9	$	210.1	$	170.7	$	78.9	$	60.1	$	19.1	$	188.3	$	167.3	$	53.6	$	41.7	$	1,656.4	$	1,584.0		2.0			10.0			38.7			4.6

Dollar amounts shown are rounded to the nearest hundred thousand; certain amounts may not add due to rounding.  Percentage changes are calculated based on whole dollar amounts.

CINF Second-Quarter 2011 Supplemental Financial Data

Quarterly Property Casualty Data - Commercial Lines

(Dollars in millions)	Three months ended																				Six months ended						Nine months ended				Twelve months ended
	12/31/11	9/30/11	6/30/11			3/31/11			12/31/10			9/30/10			6/30/10			3/31/10			6/30/11			6/30/10			9/30/11	9/30/10			12/31/11	12/31/10
Commercial casualty:
Written premiums			$	177		$	189		$	166		$	161		$	168		$	191		$	366		$	359			$	520			$	686
Earned premiums				180			172			175			182			172			164			352			336				518				693
Current accident year before catastrophe losses				66.0	%		78.8	%		100.3	%		75.0	%		73.6	%		71.0	%		72.3	%		72.4	%			73.3	%			80.1	%
Current accident year catastrophe losses				-			-			-			-			-			-			-			-				-				-
Prior accident years before catastrophe losses				(27.2	)		(32.3	)		(50.5	)		(18.5	)		(25.3	)		(12.7	)		(29.7	)		(19.2	)			(18.9	)			(26.9	)
Prior accident years catastrophe losses				-			-			-			-			-			-			-			-				-				-
Total loss and loss expense ratio				38.8	%		46.5	%		49.8	%		56.5	%		48.3	%		58.3	%		42.6	%		53.2	%			54.4	%			53.2	%
Commercial property:
Written premiums			$	123		$	132		$	122		$	122		$	124		$	129		$	255		$	253			$	375			$	497
Earned premiums				115			126			124			123			121			121			241			242				365				489
Current accident year before catastrophe losses				76.8	%		64.8	%		54.6	%		60.5	%		56.5	%		62.2	%		70.5	%		59.4	%			59.7	%			58.4	%
Current accident year catastrophe losses				78.8			15.2			2.0			10.3			39.1			10.6			45.6			24.8				20.0				15.4
Prior accident years before catastrophe losses				(1.7	)		8.0			(1.2	)		1.3			(3.1	)		0.5			3.4			(1.4	)			(0.4	)			(0.6	)
Prior accident years catastrophe losses				1.1			3.4			0.3			(1.3	)		(2.4	)		(2.3	)		2.3			(2.3	)			(2.0	)			(1.4	)
Total loss and loss expense ratio				155.0	%		91.4	%		55.7	%		70.8	%		90.1	%		71.0	%		121.8	%		80.5	%			77.3	%			71.8	%
Commercial auto:
Written premiums			$	102		$	107		$	92		$	91		$	99		$	103		$	209		$	202			$	293			$	385
Earned premiums				96			96			97			96			96			95			192			191				287				384
Current accident year before catastrophe losses				72.6	%		76.5	%		75.5	%		67.1	%		69.5	%		68.1	%		74.5	%		68.8	%			68.2	%			70.0	%
Current accident year catastrophe losses				6.2			0.3			0.4			(0.5	)		4.4			-			3.3			2.2				1.3				1.1
Prior accident years before catastrophe losses				(11.0	)		(24.2	)		(20.8	)		(5.3	)		(0.8	)		(6.1	)		(17.6	)		(3.4	)			(4.0	)			(8.2	)
Prior accident years catastrophe losses				(0.1	)		(0.4	)		-			-			(0.2	)		(1.0	)		(0.2	)		(0.6	)			(0.4	)			(0.3	)
Total loss and loss expense ratio				67.7	%		52.2	%		55.1	%		61.3	%		72.9	%		61.0	%		60.0	%		67.0	%			65.1	%			62.6	%
Workers' compensation:
Written premiums			$	73		$	90		$	75		$	68		$	72		$	95		$	163		$	167			$	235			$	310
Earned premiums				81			76			81			77			79			74			157			153				230				311
Current accident year before catastrophe losses				108.5	%		95.6	%		92.5	%		127.5	%		103.2	%		103.3	%		102.3	%		103.2	%			111.3	%			106.5	%
Current accident year catastrophe losses				-			-			-			-			-			-			-			-				-				-
Prior accident years before catastrophe losses				(28.9	)		(4.1	)		(9.8	)		(15.3	)		(13.3	)		(11.9	)		(16.9	)		(12.6	)			(13.5	)			(12.6	)
Prior accident years catastrophe losses				-			-			-			-			-			-			-			-				-				-
Total loss and loss expense ratio				79.6	%		91.5	%		82.7	%		112.2	%		89.9	%		91.4	%		85.4	%		90.6	%			97.8	%			93.9	%
Specialty package:
Written premiums			$	27		$	37		$	37		$	37		$	36		$	39		$	64		$	75			$	112			$	149
Earned premiums				27			37			37			38			37			37			64			74				112				149
Current accident year before catastrophe losses				93.8	%		62.7	%		47.1	%		60.8	%		66.1	%		70.5	%		75.7	%		68.2	%			65.8	%			61.1	%
Current accident year catastrophe losses				223.8			9.2			7.2			18.9			23.0			8.5			99.4			15.9				16.8				14.5
Prior accident years before catastrophe losses				1.8			15.1			(19.1	)		9.6			(0.7	)		17.4			9.5			8.3				8.7				1.8
Prior accident years catastrophe losses				(0.7	)		(1.5	)		(0.3	)		(0.2	)		(2.8	)		(7.4	)		(1.1	)		(5.1	)			(3.4	)			(2.6	)
Total loss and loss expense ratio				318.7	%		85.5	%		34.9	%		89.1	%		85.6	%		89.0	%		183.5	%		87.3	%			87.9	%			74.8	%
Surety and executive risk:
Written premiums			$	26		$	24		$	23		$	23		$	24		$	23		$	50		$	47			$	70			$	93
Earned premiums				25			25			24			22			25			24			50			49				71				95
Current accident year before catastrophe losses				47.9	%		54.7	%		75.7	%		91.2	%		53.9	%		47.1	%		51.3	%		50.5	%			63.4	%			66.5	%
Current accident year catastrophe losses				-			-			-			-			-			-			-			-				-				-
Prior accident years before catastrophe losses				19.4			41.4			43.8			(17.3	)		(17.7	)		4.0			30.2			(6.9	)			(10.2	)			3.4
Prior accident years catastrophe losses				-			-			-			-			-			-			-			-				-				-
Total loss and loss expense ratio				67.3	%		96.1	%		119.5	%		73.9	%		36.2	%		51.1	%		81.5	%		43.6	%			53.2	%			69.9	%
Machinery and equipment:
Written premiums			$	9		$	9		$	9		$	9		$	9		$	9		$	18		$	17			$	26			$	35
Earned premiums				9			8			8			9			8			8			17			16				25				33
Current accident year before catastrophe losses				32.0	%		28.2	%		21.4	%		20.4	%		48.3	%		23.0	%		30.1	%		35.8	%			30.6	%			28.2	%
Current accident year catastrophe losses				0.2			0.2			(0.3	)		(1.7	)		1.7			0.3			0.2			1.0				0.1				-
Prior accident years before catastrophe losses				6.9			8.5			(3.3	)		(6.8	)		1.8			(15.9	)		7.7			(6.9	)			(6.9	)			(6.0	)
Prior accident years catastrophe losses				-			-			0.0			-			0.1			(1.3	)		-			(0.6	)			(0.4	)			(0.3	)
Total loss and loss expense ratio				39.1	%		36.9	%		17.8	%		11.9	%		51.9	%		6.1	%		38.0	%		29.3	%			23.4	%			21.9	%

* Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts. The sum of quarterly amounts may not equal the full year as each is computed independently.

CINF Second-Quarter 2011 Supplemental Financial Data

Quarterly Property Casualty Data - Personal Lines

(Dollars in millions)	Three months ended																				Six months ended						Nine months ended				Twelve months ended
	12/31/11	9/30/11	6/30/11			3/31/11			12/31/10			9/30/10			6/30/10			3/31/10			6/30/11			6/30/10			9/30/11	9/30/10			12/31/11	12/31/10
Personal auto:
Written premiums			$	104		$	82		$	84		$	98		$	97		$	73		$	186		$	170			$	268			$	352
Earned premiums				90			89			87			86			83			81			179			164				250				337
Current accident year before catastrophe losses				67.3	%		68.2	%		81.0	%		68.3	%		70.8	%		62.8	%		67.7	%		66.8	%			67.3	%			70.9	%
Current accident year catastrophe losses				10.3			1.3			-			0.2			4.2			0.1			5.8			2.2				1.5				1.1
Prior accident years before catastrophe losses				(5.0	)		(5.3	)		(2.4	)		(0.3	)		(1.2	)		(4.5	)		(5.1	)		(2.8	)			(1.9	)			(2.1	)
Prior accident years catastrophe losses				(0.1	)		(0.4	)		(0.1	)		(0.1	)		(0.2	)		(0.2	)		(0.2	)		(0.2	)			(0.2	)			(0.1	)
Total loss and loss expense ratio				72.5	%		63.8	%		78.5	%		68.1	%		73.6	%		58.2	%		68.2	%		66.0	%			66.7	%			69.8	%
Homeowner:
Written premiums			$	78		$	68		$	75		$	83		$	81		$	60		$	146		$	141			$	224			$	299
Earned premiums				66			76			74			72			72			70			142			142				214				289
Current accident year before catastrophe losses				97.8	%		71.4	%		78.0	%		72.0	%		70.2	%		67.2	%		83.6	%		68.6	%			69.8	%			72.0	%
Current accident year catastrophe losses				175.4			22.1			0.9			15.5			54.2			7.2			92.7			30.9				25.8				19.3
Prior accident years before catastrophe losses				(0.5	)		2.6			(5.0	)		(0.9	)		0.8			1.9			1.1			1.3				0.6				(0.9	)
Prior accident years catastrophe losses				(0.1	)		(5.8	)		(1.8	)		(2.1	)		(1.4	)		(0.3	)		(3.1	)		(0.8	)			(1.3	)			(1.4	)
Total loss and loss expense ratio				272.6	%		90.3	%		72.1	%		84.5	%		123.8	%		76.0	%		174.3	%		100.0	%			94.9	%			89.0	%
Other personal:
Written premiums			$	28		$	23		$	24		$	27		$	26		$	22		$	51		$	48			$	75			$	99
Earned premiums				24			25			24			24			24			23			49			47				71				95
Current accident year before catastrophe losses				88.2	%		55.9	%		60.9	%		70.1	%		69.1	%		56.1	%		71.9	%		62.6	%			65.1	%			64.1	%
Current accident year catastrophe losses				34.5			3.8			1.3			4.7			5.9			3.2			19.0			4.6				4.7				3.8
Prior accident years before catastrophe losses				(18.4	)		2.3			(29.7	)		(24.1	)		(21.4	)		(7.4	)		(7.9	)		(14.4	)			(17.7	)			(20.8	)
Prior accident years catastrophe losses				(0.5	)		(0.8	)		(0.4	)		(0.4	)		(0.6	)		(0.4	)		(0.6	)		(0.5	)			(0.5	)			(0.5	)
Total loss and loss expense ratio				103.8	%		61.2	%		32.1	%		50.3	%		53.0	%		51.5	%		82.4	%		52.3	%			51.6	%			46.6	%

* Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts. The sum of quarterly amounts may not equal the full year as each is computed independently.

CINF Second-Quarter 2011 Supplemental Financial Data

Cincinnati Insurance Companies Consolidated

Loss and Loss Expense Analysis

(In millions)													Change in			Total
			Paid				Change in			Change in			loss			change								Loss
	Paid		loss		Total		case			IBNR			expense			in			Case		IBNR			expense			Total
	losses		expense		paid		reserves			reserves			reserves			reserves			incurred		incurred			incurred			incurred
Gross loss and loss expense incurred at June 30, 2011
Commercial casualty	$	131	$	59	$	190	$	(50	)	$	17		$	(2	)	$	(35	)	$	81	$	17		$	57		$	155
Commercial property		179		22		201		100			52			9			161			279		52			31			362
Commercial auto		122		19		141		(14	)		(3	)		(4	)		(21	)		108		(3	)		15			120
Workers' compensation		108		20		128		9			2			(2	)		9			117		2			18			137
Specialty packages		77		10		87		67			16			5			88			144		16			15			175
Surety and executive risk		36		7		43		(11	)		5			7			1			25		5			14			44
Machinery and equipment		5		-		5		1			-			-			1			6		-			-			6
Total commercial lines		658		137		795		102			89			13			204			760		89			150			999
Personal auto		114		14		128		(2	)		3			2			3			112		3			16			131
Homeowners		210		19		229		42			53			6			101			252		53			25			330
Other personal		26		3		29		7			11			-			18			33		11			3			47
Total personal lines		350		36		386		47			67			8			122			397		67			44			508
Commercial casualty & property		8		2		10		5			7			1			13			13		7			3			23
Total excess & surplus lines		8		2		10		5			7			1			13			13		7			3			23
Total property casualty	$	1,016	$	175	$	1,191	$	154		$	163		$	22		$	339		$	1,170	$	163		$	197		$	1,530
Ceded loss and loss expense incurred at June 30, 2011
Commercial casualty	$	2	$	-	$	2	$	3		$	-		$	-		$	3		$	5	$	1		$	-		$	5
Commercial property		13		2		15		39			15			-			54			52		15			2			69
Commercial auto		1		-		1		2			2			-			4			3		2			-			5
Workers' compensation		5		-		5		(1	)		(1	)		-			(2	)		4		(1	)		-			3
Specialty packages		9		1		10		39			9			-			48			48		9			1			58
Surety and executive risk		11		2		13		(10	)		-			-			(10	)		1		-			2			3
Machinery and equipment		-		-		-		-			-			-			-			-		-			-			-
Total commercial lines		41		5		46		72			25			-			97			113		25			5			143
Personal auto		1		-		1		4			4			-			8			5		4			-			9
Homeowners		11		2		13		43			27			-			70			54		27			2			83
Other personal		1		-		1		4			2			(1	)		5			5		2			(1	)		6
Total personal lines		13		2		15		51			33			(1	)		83			64		33			1			98
Commercial casualty & property		-		-		-		-			1			-			1			-		1			-			1
Total excess & surplus lines		-		-		-		(0	)		1			-			1			-		1			-			1
Total property casualty	$	53	$	7	$	60	$	123		$	59		$	(1	)	$	181		$	176	$	59		$	6		$	241
Net loss and loss expense incurred at June 30, 2011
Commercial casualty	$	129	$	59	$	188	$	(53	)	$	17		$	(2	)	$	(38	)	$	76	$	17		$	57		$	150
Commercial property		166		20		186		61			37			9			107			227		37			29			293
Commercial auto		121		19		140		(16	)		(5	)		(4	)		(25	)		105		(5	)		15			115
Workers' compensation		103		20		123		10			3			(2	)		11			113		3			18			134
Specialty packages		68		9		77		28			7			5			40			96		7			14			117
Surety and executive risk		25		5		30		(1	)		5			7			11			24		5			12			41
Machinery and equipment		5		-		5		1			-			-			1			6		-			-			6
Total commercial lines		617		132		749		30			64			13			107			647		64			145			856
Personal auto		113		14		127		(6	)		(1	)		2			(5	)		107		(1	)		16			122
Homeowners		199		17		216		(1	)		26			6			31			198		26			23			247
Other personal		25		3		28		3			9			1			13			28		9			4			41
Total personal lines		337		34		371		(4	)		33			9			39			333		34			43			410
Commercial casualty & property		8		2		10		5			6			1			12			13		6			3			22
Total excess & surplus lines		8		2		10		5			6			1			12			13		6			3			22
Total property casualty	$	962	$	168	$	1,130	$	31		$	104		$	23		$	158		$	993	$	104		$	191		$	1,289

CINF Second-Quarter 2011 Supplemental Financial Data

Cincinnati Insurance Companies

Catastrophe Detail - April 22-28, 2011 and May 20-27, 2011 events

(Dollars in millions)	Three months ended										Six months ended				Nine months ended		Twelve months ended
	12/31/11	9/30/11	6/30/11			3/31/11	12/31/10	9/30/10	6/30/10	3/31/10	6/30/11			6/30/10	9/30/11	9/30/10	12/31/11	12/31/10
Consolidated Property Casualty Group
Ceded earned premium reinstatement			$	(38	)						$	(38	)
All other earned premiums				768								768
Total earned premiums			$	730							$	730
Catastrophe gross loss and loss expense incurred				386								386
Catastrophe net loss and loss expense incurred			$	160							$	160
All other net loss and loss expense incurred				599								599
Total net loss and loss expenses incurred			$	759							$	759
Commercial Lines
Ceded earned premium reinstatement			$	(23	)						$	(23	)
All other earned premiums				556								556
Total earned premiums			$	533							$	533
Catastrophe gross loss and loss expense incurred				219								219
Catastrophe net loss and loss expense incurred			$	92							$	92
All other net loss and loss expense incurred				391								391
Total net loss and loss expenses incurred			$	483							$	483
Personal Lines
Ceded earned premium reinstatement			$	(15	)						$	(15	)
All other earned premiums				195								195
Total earned premiums			$	180							$	180
Catastrophe gross loss and loss expense incurred				167								167
Catastrophe net loss and loss expense incurred			$	68							$	68
All other net loss and loss expense incurred				201								201
Total net loss and loss expenses incurred			$	269							$	269
Excess & Surplus Lines
Ceded earned premium reinstatement			$	-							$	-
All other earned premiums				-								-
Total earned premiums			$	-							$	-
Catastrophe gross loss and loss expense incurred				-								-
Catastrophe net loss and loss expense incurred			$	-							$	-
All other net loss and loss expense incurred				-								-
Total net loss and loss expenses incurred			$	-							$	-

* Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding.

* nm - Not meaningful

CINF Second-Quarter 2011 Supplemental Financial Data

Consolidated Cincinnati Insurance Companies

Quarterly Property Casualty Data - Consolidated

(Dollars in millions)	Three months ended																				Six months ended						Nine months ended				Twelve months ended
	12/31/11	9/30/11	6/30/11			3/31/11			12/31/10			9/30/10			6/30/10			3/31/10			6/30/11			6/30/10			9/30/11	9/30/10			12/31/11	12/31/10
Premiums
Agency renewal written premiums			$	717		$	708		$	648		$	677		$	685		$	682		$	1,425		$	1,367			$	2,044			$	2,692
Agency new business written premiums				117			102			107			109			106			92			219			198				307				414
Other written premiums				(66	)		(31	)		(33	)		(50	)		(42	)		(18	)		(97	)		(60	)			(110	)			(143	)
Reported written premiums – statutory*			$	768		$	779		$	722		$	736		$	749		$	756		$	1,547		$	1,505			$	2,241			$	2,963
Unearned premium change				(38	)		(34	)		23			7			(21	)		(48	)		(72	)		(69	)			(62	)			(39	)
Earned premiums			$	730		$	745		$	745		$	743		$	728		$	708		$	1,475		$	1,436			$	2,179			$	2,924
Year over year change %
Agency renewal written premiums				5	%		4	%		2	%		1	%		3	%		(2	) %		4	%		0	%			1	%			1	%
Agency new business written premiums				10			11			14			2			(1	)		(5	)		11			(3	)			(1	)			2
Other written premiums				(57	)		(72	)		33			(9	)		16			(29	)		(62	)		6				0				10
Reported written premiums – statutory*				3			3			6			1			4			(3	)		3			0				0				2
Paid losses and loss expenses
Losses paid			$	560		$	404		$	400		$	421		$	382		$	334		$	964		$	716			$	1,137			$	1,537
Loss expenses paid				82			85			93			84			72			80			166			151				235				328
Loss and loss expenses paid			$	642		$	489		$	493		$	505		$	454		$	414		$	1,130		$	867			$	1,372			$	1,865
Statutory combined ratio
Loss ratio				91.2	%		58.4	%		47.7	%		58.8	%		65.1	%		54.3	%		74.6	%		59.8	%			59.5	%			56.5	%
Allocated loss expense ratio				7.0			6.0			6.7			5.9			5.7			6.0			6.5			5.8				5.9				6.1
Unallocated loss expense ratio				5.9			6.7			6.5			6.9			5.2			6.7			6.3			6.0				6.2				6.3
Net underwriting expense ratio				31.3			32.2			33.3			32.9			31.3			34.1			31.8			32.7				32.8				32.9
Statutory combined ratio				135.4	%		103.3	%		94.2	%		104.5	%		107.3	%		101.1	%		119.2	%		104.3	%			104.4	%			101.8	%
Contribution from catastrophe losses				39.8			5.5			0.7			3.8			13.6			2.1			22.5			8.0				6.5				5.1
Statutory combined ratio excluding catastrophe losses				95.6	%		97.8	%		93.5	%		100.7	%		93.7	%		99.0	%		96.7	%		96.3	%			97.9	%			96.7	%
Commission expense ratio				18.2	%		18.4	%		19.9	%		18.7	%		17.9	%		18.4	%		18.3	%		18.1	%			18.3	%			18.7	%
Other expense ratio				13.1			13.8			13.4			14.2			13.4			15.7			13.5			14.6				14.5				14.2
Statutory expense ratio				31.3	%		32.2	%		33.3	%		32.9	%		31.3	%		34.1	%		31.8	%		32.7	%			32.8	%			32.9	%
GAAP combined ratio
GAAP combined ratio				136.6	%		103.9	%		93.1	%		103.9	%		107.6	%		102.6	%		120.1	%		105.2	%			104.7	%			101.7	%
Contribution from catastrophe losses				39.8			5.5			0.7			3.8			13.6			2.1			22.5			8.0				6.5				5.1
GAAP combined ratio excluding catastrophe losses				96.8	%		98.4	%		92.4	%		100.1	%		94.0	%		100.5	%		97.6	%		97.2	%			98.2	%			96.6	%

* Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts. The sum of quarterly amounts may not equal the full year as each is computed independently.

* nm - Not meaningful

* Statutory data prepared in accordance with statutory accounting rules as defined by the National Association of Insurance Commissioners and filed with the appropriate regulatory bodies.

CINF Second-Quarter 2011 Supplemental Financial Data

Consolidated Cincinnati Insurance Companies

Quarterly Property Casualty Data - Commercial Lines

(Dollars in millions)	Three months ended																				Six months ended						Nine months ended				Twelve months ended
	12/31/11	9/30/11	6/30/11			3/31/11			12/31/10			9/30/10			6/30/10			3/31/10			6/30/11			6/30/10			9/30/11	9/30/10			12/31/11	12/31/10
Premiums
Agency renewal written premiums			$	500		$	542		$	474		$	479		$	492		$	533		$	1,042		$	1,025			$	1,504			$	1,978
Agency new business written premiums				81			71			76			74			73			66			152			139				213				289
Other written premiums				(44	)		(25	)		(26	)		(42	)		(33	)		(11	)		(69	)		(44	)			(86	)			(112	)
Reported written premiums – statutory*			$	537		$	588		$	524		$	511		$	532		$	588		$	1,125		$	1,120			$	1,631			$	2,155
Unearned premium change				(4	)		(48	)		22			36			6			(65	)		(52	)		(59	)			(23	)			(1	)
Earned premiums			$	533		$	540		$	546		$	547		$	538		$	523		$	1,073		$	1,061			$	1,608			$	2,154
Year over year change %
Agency renewal written premiums				2	%		2	%		(1	) %		(2	) %		1	%		(4	) %		2	%		(2	) %			(2	) %			(2	) %
Agency new business written premiums				11			8			13			(3	)		(8	)		(13	)		9			(10	)			(8	)			(3	)
Other written premiums				(33	)		(127	)		38			(14	)		23			(57	)		(57	)		14				2				14
Reported written premiums – statutory*				1			0			4			(3	)		2			(6	)		0			(3	)			(3	)			(1	)
Paid losses and loss expenses
Losses paid			$	327		$	290		$	284		$	290		$	266		$	230		$	618		$	497			$	786			$	1,070
Loss expenses paid				63			69			75			65			58			63			131			120				186				261
Loss and loss expenses paid			$	390		$	359		$	359		$	355		$	324		$	293		$	749		$	617			$	972			$	1,331
Statutory combined ratio
Loss ratio				77.5	%		55.5	%		44.2	%		57.1	%		59.0	%		53.8	%		66.4	%		56.4	%			56.7	%			53.5	%
Allocated loss expense ratio				8.9			7.0			7.9			6.9			6.5			7.1			8.0			6.8				6.8				7.1
Unallocated loss expense ratio				4.4			6.7			6.4			6.7			4.8			6.6			5.5			5.7				6.0				6.1
Net underwriting expense ratio				32.2			32.9			33.4			34.8			31.7			31.9			32.6			31.8				32.7				32.9
Statutory combined ratio				123.0	%		102.1	%		91.9	%		105.5	%		102.0	%		99.3	%		112.5	%		100.7	%			102.2	%			99.6	%
Contribution from catastrophe losses				29.7			4.9			1.0			3.2			10.4			1.8			17.2			6.2				5.2				4.1
Statutory combined ratio excluding catastrophe losses				93.3	%		97.2	%		90.9	%		102.3	%		91.6	%		97.5	%		95.3	%		94.5	%			97.0	%			95.5	%
Commission expense ratio				17.7	%		18.5	%		19.0	%		19.0	%		17.6	%		17.2	%		18.1	%		17.4	%			17.9	%			18.1	%
Other expense ratio				14.5			14.4			14.4			15.8			14.1			14.7			14.5			14.4				14.8				14.8
Statutory expense ratio				32.2	%		32.9	%		33.4	%		34.8	%		31.7	%		31.9	%		32.6	%		31.8	%			32.7	%			32.9	%
GAAP combined ratio
GAAP combined ratio				124.2	%		104.0	%		90.6	%		103.4	%		101.7	%		102.1	%		114.0	%		101.9	%			102.4	%			99.4	%
Contribution from catastrophe losses				29.7			4.9			1.0			3.2			10.4			1.8			17.2			6.2				5.2				4.1
GAAP combined ratio excluding catastrophe losses				94.5	%		99.1	%		89.6	%		100.2	%		91.3	%		100.3	%		96.8	%		95.7	%			97.2	%			95.3	%

* Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts. The sum of quarterly amounts may not equal the full year as each is computed independently.

* nm - Not meaningful

* Statutory data prepared in accordance with statutory accounting rules as defined by the National Association of Insurance Commissioners and filed with the appropriate regulatory bodies.

CINF Second-Quarter 2011 Supplemental Financial Data

Consolidated Cincinnati Insurance Companies

Quarterly Property Casualty Data - Personal Lines

(Dollars in millions)	Three months ended																				Six months ended						Nine months ended				Twelve months ended
	12/31/11	9/30/11	6/30/11			3/31/11			12/31/10			9/30/10			6/30/10			3/31/10			6/30/11			6/30/10			9/30/11	9/30/10			12/31/11	12/31/10
Premiums
Agency renewal written premiums			$	205		$	156		$	166		$	189		$	187		$	143		$	361		$	330			$	519			$	685
Agency new business written premiums				26			22			23			25			24			18			48			42				67				90
Other written premiums				(21	)		(5	)		(6	)		(6	)		(7	)		(6	)		(26	)		(13	)			(19	)			(25	)
Reported written premiums – statutory*			$	210		$	173		$	183		$	208		$	204		$	155		$	383		$	359			$	567			$	750
Unearned premium change				(30	)		17			3			(26	)		(25	)		19			(13	)		(6	)			(32	)			(29	)
Earned premiums			$	180		$	190		$	186		$	182		$	179		$	174		$	370		$	353			$	535			$	721
Year over year change %
Agency renewal written premiums				10	%		9	%		8	%		7	%		6	%		4	%		9	%		5	%			6	%			7	%
Agency new business written premiums				8			22			15			19			26			29			14			24				22				20
Other written premiums				(200	)		17			0			25			(40	)		0			(100	)		0				10				4
Reported written premiums – statutory*				3			12			10			9			7			7			7			7				8				9
Paid losses and loss expenses
Losses paid			$	229		$	109		$	116		$	128		$	114		$	103		$	338		$	217			$	345			$	461
Loss expenses paid				18			15			17			17			14			17			33			30				48				65
Loss and loss expenses paid			$	247		$	124		$	133		$	145		$	128		$	120		$	371		$	247			$	393			$	526
Statutory combined ratio
Loss ratio				135.7	%		64.9	%		60.5	%		63.2	%		82.4	%		55.3	%		99.3	%		69.0	%			67.0	%			65.4	%
Allocated loss expense ratio				3.0			2.3			2.5			1.9			2.0			1.9			2.6			2.0				1.9				2.1
Unallocated loss expense ratio				10.7			6.9			6.9			7.2			6.7			7.2			8.8			6.9				7.1				6.9
Net underwriting expense ratio				29.0			30.3			32.6			28.4			30.1			42.1			29.5			35.3				32.8				32.7
Statutory combined ratio				178.4	%		104.4	%		102.5	%		100.7	%		121.2	%		106.5	%		140.2	%		113.2	%			108.8	%			107.1	%
Contribution from catastrophe losses				73.4			7.4			(0.3	)		6.0			23.8			3.0			39.4			13.6				11.0				8.1
Statutory combined ratio excluding catastrophe losses				105.0	%		97.0	%		102.8	%		94.7	%		97.4	%		103.5	%		100.8	%		99.6	%			97.8	%			99.0	%
Commission expense ratio				18.7	%		17.9	%		21.7	%		17.1	%		18.1	%		22.4	%		18.3	%		20.0	%			19.0	%			19.6	%
Other expense ratio				10.3			12.4			10.9			11.3			12.0			19.7			11.2			15.3				13.8				13.1
Statutory expense ratio				29.0	%		30.3	%		32.6	%		28.4	%		30.1	%		42.1	%		29.5	%		35.3	%			32.8	%			32.7	%
GAAP combined ratio
GAAP combined ratio				179.2	%		101.4	%		101.9	%		103.4	%		123.4	%		102.5	%		139.2	%		113.1	%			109.8	%			107.7	%
Contribution from catastrophe losses				73.4			7.4			(0.3	)		6.0			23.8			3.0			39.4			13.6				11.0				8.1
GAAP combined ratio excluding catastrophe losses				105.8	%		94.0	%		102.2	%		97.4	%		99.6	%		99.5	%		99.8	%		99.5	%			98.8	%			99.6	%

* Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts. The sum of quarterly amounts may not equal the full year as each is computed independently.

* nm - Not meaningful

* Statutory data prepared in accordance with statutory accounting rules as defined by the National Association of Insurance Commissioners and filed with the appropriate regulatory bodies.

CINF Second-Quarter 2011 Supplemental Financial Data

Consolidated Cincinnati Insurance Companies

Quarterly Property Casualty Data - Excess & Surplus Lines

(Dollars in millions)	Three months ended																				Six months ended						Nine months ended				Twelve months ended
	12/31/11	9/30/11	6/30/11			3/31/11			12/31/10			9/30/10			6/30/10			3/31/10			6/30/11			6/30/10			9/30/11	9/30/10			12/31/11	12/31/10
Premiums
Agency renewal written premiums			$	12		$	10		$	8		$	9		$	6		$	6		$	22		$	12			$	21			$	29
Agency new business written premiums				10			9			8			9			9			8			19			17				27				35
Other written premiums				(1	)		(1	)		(1	)		(2	)		(2	)		(1	)		(2	)		(3	)			(5	)			(6	)
Reported written premiums – statutory*			$	21		$	18		$	15		$	16		$	13		$	13		$	39		$	26			$	43			$	58
Unearned premium change				(4	)		(3	)		(1	)		(3	)		(2	)		(2	)		(7	)		(4	)			(8	)			(9	)
Earned premiums			$	17		$	15		$	14		$	13		$	11		$	11		$	32		$	22			$	35			$	49
Year over year change %
Agency renewal written premiums				100	%		67	%		100	%		200	%		200	%		500	%		83	%		500	%			320	%			190	%
Agency new business written premiums				11			13			14			0			13			14			12			13				8				9
Other written premiums				50			0			0		nm			nm				0			33		nm					(400	)			(100	)
Reported written premiums – statutory*				62			38			50			33			30			86			50			53				48				49
Paid losses and loss expenses
Losses paid			$	4		$	4		$	1		$	3		$	1		$	1		$	8		$	2			$	5			$	6
Loss expenses paid				1			1			1			1			0			0			2			1				2				2
Loss and loss expenses paid			$	5		$	5		$	2		$	4		$	1		$	1		$	10		$	3			$	7			$	8
Statutory combined ratio
Loss ratio				49.6	%		77.6	%		20.8	%		72.3	%		81.5	%		65.4	%		62.8	%		73.5	%			73.1	%			58.1	%
Allocated loss expense ratio				(12.8	)		19.1			16.1			23.5			20.4			21.0			2.2			20.7				21.8				20.1
Unallocated loss expense ratio				4.7			6.1			2.7			7.9			6.5			5.1			5.3			5.8				6.5				5.5
Net underwriting expense ratio				31.6			27.6			39.0			30.8			33.5			38.5			29.8			35.8				33.9				35.2
Statutory combined ratio				73.1	%		130.4	%		78.6	%		134.5	%		141.9	%		130.0	%		100.1	%		135.8	%			135.3	%			118.9	%
Contribution from catastrophe losses				4.4			2.8			(0.1	)		4.6			5.6			0.0			3.6			2.7				1.7				1.2
Statutory combined ratio excluding catastrophe losses				68.7	%		127.6	%		78.7	%		129.9	%		136.3	%		130.0	%		96.5	%		133.1	%			133.6	%			117.7	%
Commission expense ratio				24.5	%		22.2	%		30.7	%		27.0	%		26.0	%		28.2	%		23.5	%		27.0	%			27.0	%			27.9	%
Other expense ratio				7.1			5.4			8.3			3.8			7.5			10.3			6.3			8.8				6.9				7.3
Statutory expense ratio				31.6	%		27.6	%		39.0	%		30.8	%		33.5	%		38.5	%		29.8	%		35.8	%			33.9	%			35.2	%
GAAP combined ratio
GAAP combined ratio				74.7	%		133.0	%		75.3	%		129.8	%		137.5	%		127.1	%		102.1	%		132.4	%			131.4	%			115.4	%
Contribution from catastrophe losses				4.4			2.8			(0.1	)		4.6			5.6			0.0			3.6			2.7				1.7				1.2
GAAP combined ratio excluding catastrophe losses				70.3	%		130.2	%		75.4	%		125.2	%		131.9	%		127.1	%		98.5	%		129.7	%			129.7	%			114.2	%

* Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts. The sum of quarterly amounts may not equal the full year as each is computed independently.

* nm - Not meaningful

* Statutory data prepared in accordance with statutory accounting rules as defined by the National Association of Insurance Commissioners and filed with the appropriate regulatory bodies.

* Statutory data does not include CSU Producers Resources Inc.

CINF Second-Quarter 2011 Supplemental Financial Data

The Cincinnati Life Insurance Company

Statutory Statements of Income

	For the Three Months Ended June 30,												For the Six Months Ended June 30,
(Dollars in millions)	2011			2010			Change			% Change			2011			2010			Change			% Change
Net premiums written	$	75		$	93		$	(18	)		(19	)	$	177		$	198		$	(21	)		(11	)
Net investment income		35			34			1			3			70			67			3			4
Amortization of interest maintenance reserve		-			(1	)		1		nm				-			(1	)		1		nm
Commissions and expense allowances on reinsurance ceded		1			2			(1	)		(50	)		3			3			-		nm
Income from fees associated with Separate Accounts		1			1			-		nm				1			1			-		nm
Total revenues	$	112		$	129		$	(17	)		(13	)	$	251		$	268		$	(17	)		(6	)
Death benefits and matured endowments	$	14		$	13		$	1			8		$	30		$	26		$	4			15
Annuity benefits		12			8			4			50			26			18			8			44
Disability benefits and benefits under accident and health contracts		-			1			(1	)	nm				-			1			(1	)	nm
Surrender benefits and group conversions		6			5			1			20			12			11			1			9
Interest and adjustments on deposit-type contract funds		3			3			-		nm				5			5			-		nm
Increase in aggregate reserves for life and accident and health contracts		58			78			(20	)		(26	)		135			162			(27	)		(17	)
Payments on supplementary contracts with life contingencies		-			-			-		nm				-			-			-		nm
Total benefit expenses	$	93		$	108		$	(15	)		(14	)	$	208		$	223		$	(15	)		(7	)
Commissions	$	10		$	12		$	(2	)		(17	)	$	22		$	23		$	(1	)		(4	)
General insurance expenses and taxes		10			9			1			11			21			19			2			11
Increase in loading on deferred and uncollected premiums		(3	)		(3	)		-		nm				(3	)		(4	)		1			25
Net transfers from Separate Accounts		-			-			-			-			-			-			-		nm
Other deductions		-			-			-			-			-			-			-		nm
Total operating expenses	$	17		$	18		$	(1	)		(6	)	$	40		$	38		$	2			5
Federal and foreign income tax benefit		4			1			3			300			12			(3	)		15		nm
Net gain from operations before realized capital gains	$	(2	)	$	2		$	(4	)	nm			$	(9	)	$	10		$	(19	)	nm
Net realized gains net of capital gains tax		2			-			2		nm				(17	)		1			(18	)	nm
Net income (loss) (statutory)	$	-		$	2		$	(2	)	nm			$	(26	)	$	11		$	(37	)	nm

* Dollar amounts shown are rounded to millions; certain amounts may not add due to rounding. Ratios are calculated based on whole dollar amounts.

* Statutory data prepared in accordance with statutory accounting rules as defined by the National Association of Insurance Commissioners and filed with the appropriate regulatory bodies.

CINF Second-Quarter 2011 Supplemental Financial Data