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Supplementary Information Concerning Property Casualty Insurance Operations
12 Months Ended
Dec. 31, 2012
Supplemental Information Concerning Property Casualty Insurance Operations [Abstract]  
Supplementary Information Concerning Property Casualty Insurance Operations

Schedule VI

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cincinnati Financial Corporation and Subsidiaries

Supplementary Information Concerning Property Casualty Insurance Operations

(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

 

 

 

 

       Total

 

$

337 

$

303 

$

286 

 

 

 

 

 

 

 

 

Reserves for unpaid claims and claim adjustment expenses:

 

 

 

 

 

 

 

     Commercial lines insurance

 

$

3,645 

$

3,780 

$

3,728 

     Personal lines insurance

 

 

398 

 

419 

 

353 

     Excess and surplus lines insurance

 

 

126 

 

81 

 

56 

       Total

 

$

4,169 

$

4,280 

$

4,137 

 

 

 

 

 

 

 

 

Reserve discount deducted

 

$

-

$

-

$

-

 

 

 

 

 

 

 

 

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

 

$

1,790 

$

1,631 

$

1,551 

 

 

 

 

 

 

 

 

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

 

$

3,344 

$

3,029 

$

2,924 

 

 

 

 

 

 

 

 

Investment income:

 

 

 

 

 

 

 

     Commercial lines insurance

 

$

-

$

-

$

-

     Personal lines insurance

 

 

-

 

-

 

-

     Excess and surplus lines insurance

 

 

-

 

-

 

-

       Total (1)

 

$

351 

$

350 

$

348 

 

 

 

 

 

 

 

 

Loss and loss expenses incurred related to current accident year:

 

 

 

 

 

 

 

     Commercial lines insurance

 

$

1,712 

$

1,804 

$

1,706 

     Personal lines insurance

 

 

751 

 

765 

 

571 

     Excess and surplus lines insurance

 

 

70 

 

51 

 

42 

       Total

 

$

2,533 

$

2,620 

$

2,319 

 

 

 

 

 

 

 

 

Loss and loss expenses incurred related to prior accident years:

 

 

 

 

 

 

 

     Commercial lines insurance

 

$

(292)

$

(234)

$

(269)

     Personal lines insurance

 

 

(99)

 

(42)

 

(34)

     Excess and surplus lines insurance

 

 

(5)

 

(9)

 

(1)

       Total

 

$

(396)

$

(285)

$

(304)

 

 

 

 

 

 

 

 

Amortization of deferred policy acquisition costs:

 

 

 

 

 

 

 

     Commercial lines insurance

 

$

461 

$

441 

$

423 

     Personal lines insurance

 

 

183 

 

144 

 

139 

     Excess and surplus lines insurance

 

 

17 

 

13 

 

       Total

 

$

661 

$

598 

$

571 

 

 

 

 

 

 

 

 

Paid loss and loss expenses:

 

 

 

 

 

 

 

     Commercial lines insurance

 

$

1,546 

$

1,545 

$

1,330 

     Personal lines insurance

 

 

659 

 

676 

 

526 

     Excess and surplus lines insurance

 

 

24 

 

20 

 

       Total

 

$

2,229 

$

2,241 

$

1,865 

 

 

 

 

 

 

 

 

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

 

$

3,482 

$

3,098 

$

2,963 

 

 

Note to Schedule VI:

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