辛辛纳提金融 2025年度报告

FORM 11-K FOR ANNUAL REPORTS OF EMPLOYEE STOCK PURCHASE, SAVINGS ANDSIMILAR PLANS PURSUANT TO SECTION 15(d) OFTHE SECURITIES EXCHANGE ACT OF 1934 (Mark One) For the fiscal year ended December 31, 2025 For the transition period from ___________________ to ___________________ Commission file number0-4604 Cincinnati Financial CorporationTax-Qualified Savings Plan (Full title of the plan and the address of the plan,if different from that of the issuer named below) Cincinnati Financial Corporation6200 South Gilmore RoadFairfield, OH 45014 (Name of issuer of the securities held pursuant to the planand the address of its principal executive office) REQUIRED INFORMATION Items 1-3.The information required by Items 1-3 is not required. See Item 4 below. The Cincinnati Financial Corporation Tax-Qualified Savings Plan is subject to therequirements of ERISA. Inlieu of the requirements of Items1-3 above, thePlan Financial Statements and Schedule prepared inaccordance with the Financial Reporting requirements of ERISA are attached hereto and incorporatedherein by reference. Item 4. Financial Statements and Exhibit 23.1Consent of Independent Registered Public Accounting Firm Financial statements as of and for the years ended December 31, 2025 and 2024, and supplementalschedule as of December 31, 2025. SIGNATURES The Plan.Pursuant to the requirements of the Securities Exchange Act of 1934, thetrustees (or other persons whoadminister the employee benefit plan) have duly causedthis annual report to be signed on its behalf by the undersignedhereunto dulyauthorized. DATE: June 17, 2026 Cincinnati FinancialCorporation Tax-QualifiedSavings Plan Employer ID No: 31-0746871Plan Number: 002 Financial Statements as of and for theYears Ended December31, 2025 and 2024,Supplemental Schedule as of December31,2025,and Report of Independent Registered PublicAccounting Firm CINCINNATI FINANCIAL CORPORATIONTAX-QUALIFIED SAVINGS PLAN TABLE OF CONTENTS Page Report of Independent Registered Public Accounting Firm1Financial Statements and Notes to the Financial Statements:Statements of Net Assets Available for Benefits as of December31, 2025 and 20242Statements of Changes in Net Assets Available for Benefits for the Years Ended December31, 2025and 20243Notes to Financial Statements as of and for the Years Ended December31, 2025 and 20244Supplemental Schedule:10Form 5500, Schedule H, Part IV, Line 4i— Schedule of Assets (Held at End of Year) as ofDecember31, 202511 NOTE:All other schedules required by Section 2520.103-10 of the Department of Labor’s Rules and Regulations forReporting and Disclosure under the Employee Retirement Income Security Act of 1974 have been omittedbecause they are not applicable. REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Plan Participants and Plan Administrator of Cincinnati Financial Corporation Tax-Qualified Savings Plan: Opinion on the Financial Statements We have audited the accompanying statements of net assets available for benefits of Cincinnati Financial CorporationTax-Qualified Savings Plan (the "Plan") as of December 31, 2025 and 2024, the related statements of changes in netassets available for benefits for the years then ended, and the related notes (collectively referred to as the “financialstatements”). In our opinion, the financial statements present fairly, in all material respects, the net assets available forbenefits of the Plan as of December 31, 2025 and 2024, and the changes in net assets available for benefits for the yearsthen ended, in conformity with accounting principles generally accepted in the United States of America. Basis for Opinion These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion onthe Plan's financial statements based on our audits. We are a public accounting firm registered with the Public CompanyAccounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Plan inaccordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and ExchangeCommission and the PCAOB. We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan andperform the audit to obtain reasonable assurance about whether the financial statements are free of materialmisstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of materialmisstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to thoserisks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in thefinancial statements. Our audits also included evaluating the accounting principles used and significant estimates made bymanagement, as well as evaluating the overall presentation of the financial statements. We believe that our audits providea reasonable ba