Schedule III



Cincinnati Financial Corporation and Subsidiaries
Supplementary Insurance Information
(In millions)		Years ended December 31,
		2012		2011		2010
Deferred policy acquisition costs:
Commercial lines insurance	$	235	$	204	$	204
Personal lines insurance		93		92		76
Excess and surplus lines insurance		9		7		6
Total property casualty insurance		337		303		286
Life insurance		133		174		172
Total	$	470	$	477	$	458

Gross future policy benefits, losses, claims and expense losses:
Commercial lines insurance	$	3,645	$	3,780	$	3,728
Personal lines insurance		398		419		353
Excess and surplus lines insurance		126		81		56
Total property casualty insurance		4,169		4,280		4,137
Life insurance		2,341		2,257		2,073
Total (1)	$	6,510	$	6,537	$	6,210

Gross unearned premiums:
Commercial lines insurance	$	1,246	$	1,149	$	1,116
Personal lines insurance		490		440		401
Excess and surplus lines insurance		54		42		34
Total property casualty insurance		1,790		1,631		1,551
Life insurance		2		2		2
Total (1)	$	1,792	$	1,633	$	1,553

Other policy claims and benefits payable:
Commercial lines insurance	$	-	$	-	$	-
Personal lines insurance		-		-		-
Excess and surplus lines insurance		-		-		-
Total property casualty insurance		-		-		-
Life insurance		15		16		24
Total (1)	$	15	$	16	$	24

Earned premiums:
Commercial lines insurance	$	2,383	$	2,197	$	2,154
Personal lines insurance		868		762		721
Excess and surplus lines insurance		93		70		49
Total property casualty insurance		3,344		3,029		2,924
Life insurance		178		165		158
Total	$	3,522	$	3,194	$	3,082

Schedule III (continued)




Cincinnati Financial Corporation and Subsidiaries
Supplementary Insurance Information
(In millions)		Years ended December 31,
		2012		2011		2010
Investment income, net of expenses:
Commercial lines insurance	$	-	$	-	$	-
Personal lines insurance		-		-		-
Excess and surplus lines insurance		-		-		-
Total property casualty insurance (2)		351		350		348
Life insurance		137		134		129
Total	$	488	$	484	$	477

Benefits, claims losses and settlement expenses:
Commercial lines insurance	$	1,420	$	1,570	$	1,437
Personal lines insurance		652		723		537
Excess and surplus lines insurance		65		42		41
Total property casualty insurance		2,137		2,335		2,015
Life insurance		185		189		170
Consolidated eliminations		-		-		(5)
Total	$	2,322	$	2,524	$	2,180

Amortization of deferred policy acquisition costs:
Commercial lines insurance	$	462	$	441	$	424
Personal lines insurance		183		144		139
Excess and surplus lines insurance		17		13		9
Total property casualty insurance		662		598		572
Life insurance		45		33		36
Total (3)	$	707	$	631	$	608

Underwriting, acquisition and insurance expenses: expenses:
Commercial lines insurance	$	324	$	291	$	281
Personal lines insurance		78		78		102
Excess and surplus lines insurance		12		9		7
Total property casualty insurance		414		378		390
Life insurance		34		30		26
Total (3)	$	448	$	408	$	416

Net written premiums:
Commercial lines insurance	$	2,459	$	2,218	$	2,155
Personal lines insurance		918		801		750
Excess and surplus lines insurance		105		79		58
Total property casualty insurance		3,482		3,098		2,963
Accident health insurance		3		3		3
Total	$	3,485	$	3,101	$	2,966

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 investment contract reserves and Unearned premiums reported in the company’s consolidated balance sheets, Page 108.

(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.