辛辛纳提金融 2026年季度报告

☑QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934. For the quarterly period ended June 30, 2026. ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934.For the transition period from _____________________ to _____________________.Commission file number 0-4604 CINCINNATI FINANCIAL CORPORATION (Exact name of registrant as specified in its charter)Ohio31-0746871 45014-5141 6200 S. Gilmore Road, Fairfield,Ohio (Address of principal executive offices)(Zip code) Registrant's telephone number, including area code: (513) 870-2000 N/A (Former name, former address and former fiscal year, if changed since last report)Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading Symbol(s)Name of each exchange on which registeredCommon stockCINFNasdaq Global Select Market Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant wasrequired to file such reports), and (2) has been subject to such filing requirements for the past 90 days. ☑Yes☐No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12months (or for suchshorter period that the registrant was required to submit such files). ☑Yes☐No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a nonaccelerated filer, asmaller reporting company or an emerging growth company. See definition of "large accelerated filer," "accelerated filer,""smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act. ☑Large accelerated filer☐Accelerated filer☐Nonaccelerated filer☐Smaller reporting company ☐Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transitionperiod for complying with any new or revised financial accounting standards provided pursuant to Section13(a) of theExchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act): ☐Yes☑No As of July 22, 2026, there were 153,478,045 shares of common stock outstanding. CINCINNATI FINANCIAL CORPORATION AND SUBSIDIARIESFORM 10-Q FOR THE QUARTER ENDED June30, 2026 TABLE OF CONTENTS Part I – Financial Information3Item 1. Financial Statements (unaudited)3Condensed Consolidated Balance Sheets3Condensed Consolidated Statements of Income4Condensed Consolidated Statements of Comprehensive Income5Condensed Consolidated Statements of Shareholders’ Equity6Condensed Consolidated Statements of Cash Flows7Notes to Condensed Consolidated Financial Statements (unaudited)8Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations33Safe Harbor Statement33Corporate Financial Highlights36Financial Results44Liquidity and Capital Resources59Other Matters63Item 3. Quantitative and Qualitative Disclosures about MarketRisk63Item 4. Controls and Procedures70Part II – Other Information71Item 1. Legal Proceedings71Item 1A. Risk Factors71Item 2. Unregistered Sales of Equity Securities and Use of Proceeds72Item 5. Other Information73Item 6. Exhibits74 Cincinnati Financial Corporation Second-Quarter 2026 10-QPage 2 Part I – Financial Information Cincinnati Financial Corporation and SubsidiariesCondensed Consolidated Balance Sheets Cincinnati Financial Corporation Second-Quarter 2026 10-QPage 3 Cincinnati Financial Corporation Second-Quarter 2026 10-QPage 4 Cincinnati Financial Corporation Second-Quarter 2026 10-QPage 5 Cincinnati Financial Corporation Second-Quarter 2026 10-QPage 6 Cincinnati Financial Corporation Second-Quarter 2026 10-QPage 7 NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) NOTE 1 — Accounting Policies The condensed consolidated financial statements include the accounts of Cincinnati Financial Corporation and itsconsolidated subsidiaries, each of which is wholly owned. These statements are presented in conformity with accountingprinciples generally accepted in the United States of America (GAAP). All intercompany balances and transactions havebeen eliminated in consolidation. The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions thataffect amounts reported in the financial statements and accompanying notes. Our actual results could differ from thoseestimates. Certain financial information that is normally included in annual financial statements prepared in accordancewith GAAP, but that is not required for interim reporting purposes, has been condensed or omitted. Our June30, 2026, condensed consolidated financial statements are unaudited. We believe tha