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Schedule III - Supplementary Insurance Information
 12 Months Ended
Dec. 31, 2011
Schedule III - Supplementary Insurance Information

Schedule III

 

Cincinnati Financial Corporation and Subsidiaries
Supplementary Insurance Information

  Years ended December 31,  
(In millions)    2011     2010     2009  
Deferred policy acquisition costs:                        
     Commercial lines insurance   $ 221     $ 217     $ 219  
     Personal lines insurance     99       84       78  
     Excess and surplus lines insurance     10       9       6  
        Total property casualty insurance     330       310       303  
     Life insurance     180       178       178  
        Total   $ 510     $ 488     $ 481  
                         
Gross future policy benefits, losses, claims and expense losses:                        
     Commercial lines insurance   $ 3,780     $ 3,728     $ 3,725  
     Personal lines insurance     419       353       349  
     Excess and surplus lines insurance     81       56       22  
        Total property casualty insurance     4,280       4,137       4,096  
     Life insurance     2,257       2,073       1,817  
        Total   (1)   $ 6,537     $ 6,210     $ 5,913  
                         
Gross unearned premiums:                        
     Commercial lines insurance   $ 1,149     $ 1,116     $ 1,112  
     Personal lines insurance     440       401       372  
     Excess and surplus lines insurance     42       34       23  
        Total property casualty insurance     1,631       1,551       1,507  
     Life insurance     2       2       2  
        Total   (1)   $ 1,633     $ 1,553     $ 1,509  
                         
Other policy claims and benefits payable:                        
     Commercial lines insurance   $ -     $ -     $ -  
     Personal lines insurance     -       -       -  
     Excess and surplus lines insurance     -       -       -  
        Total property casualty insurance     -       -       -  
     Life insurance     16       24       12  
        Total   (1)   $ 16     $ 24     $ 12  
                         
Earned premiums:                        
     Commercial lines insurance   $ 2,197     $ 2,154     $ 2,199  
     Personal lines insurance     762       721       685  
     Excess and surplus lines insurance     70       49       27  
        Total property casualty insurance     3,029       2,924       2,911  
     Life insurance     165       158       143  
        Total   $ 3,194     $ 3,082     $ 3,054  

 

 

Schedule III (continued)

 

Cincinnati Financial Corporation and Subsidiaries
Supplementary Insurance Information

  Years ended December 31,  
(In millions)    2011     2010     2009  
Investment income, net of expenses:                        
     Commercial lines insurance   $ -     $ -     $ -  
     Personal lines insurance     -       -       -  
     Excess and surplus lines insurance     -       -       -  
        Total property casualty insurance  (2)     350       348       336  
     Life insurance     134       129       122  
        Total   $ 484     $ 477     $ 458  
                         
Benefits, claims losses and settlement expenses:                        
     Commercial lines insurance   $ 1,570     $ 1,437     $ 1,515  
     Personal lines insurance     723       537       551  
     Excess and surplus lines insurance     42       41       20  
        Total property casualty insurance     2,335       2,015       2,086  
     Life insurance     189       170       160  
     Consolidated eliminations     -       (5 )     (4 )
        Total   $ 2,524     $ 2,180     $ 2,242  
                         
Amortization of deferred policy acquisition costs:                        
     Commercial lines insurance   $ 473     $ 454     $ 458  
     Personal lines insurance     157       148       143  
     Excess and surplus lines insurance     19       14       10  
        Total property casualty insurance     649       616       611  
     Life insurance     36       37       27  
        Total   (3)   $ 685     $ 653     $ 638  
                         
Other underwriting and insurance expenses:                        
     Commercial lines insurance   $ 259     $ 250     $ 261  
     Personal lines insurance     64       92       71  
     Excess and surplus lines insurance     2       2       11  
        Total property casualty insurance     325       344       343  
     Life insurance     26       24       23  
        Total   (3)   $ 351     $ 368     $ 366  
                         
Net written premiums:                        
     Commercial lines insurance   $ 2,218     $ 2,155     $ 2,181  
     Personal lines insurance     801       750       691  
     Excess and surplus lines insurance     79       58       39  
        Total property casualty insurance     3,098       2,963       2,911  
     Accident health insurance     3       3       3  
        Total   $ 3,101     $ 2,966     $ 2,914  

 

Notes to Schedule III:

 

(1) The sum of gross future policy benefits, losses, claims and expense losses, gross unearned premium and other policy claims and benefits payable is equal to the sum of Loss and loss expense reserves, Life policy reserves and Unearned premiums reported in the company’s consolidated balance sheets, Page 110.

 

(2) This segment information is not regularly allocated to segments and reviewed by company management in making decisions about resources to be allocated to the segments or to assess their performance.

 

(3) The sum of amortization of deferred policy acquisition costs and other underwriting and insurance expenses is equal to underwriting, acquisition and insurance expenses in the consolidated statements of income.