# Cincinnati Financial Corp (CINF) — Stock CV

Cincinnati Financial Corp is a $25.1B financial services company. Revenue grew 19.6% over the last year, and it keeps 24¢ of every dollar of sales as profit. It trades at 7.5× earnings — in the cheapest third of its own history.

> Cincinnati Financial Corp is a property and casualty insurance company that generates income through written premiums. A select group of independent agencies actively markets the company's business, home, and automotive insurance within their communities.

## Identity

- **Ticker**: CINF
- **Sector**: Financial Services
- **Industry**: Fire, Marine & Casualty Insurance
- **Headquarters**: FAIRFIELD, OH
- **Employees**: 5 705
- **Website**: https://www.cinfin.com
- **Market cap**: $25.1B
- **Last price**: $163.39
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $14.0B
- **Net income**: $3.33B
- **Free cash flow**: $3.40B
- **Net debt**: $713M
- **P/E**: 7.5
- **Revenue growth (YoY)**: 19.6%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 95 |
| Growth | 32 |
| Profitability | 77 |
| Health | 63 |
| Quality | 60 |
| Moat | 45 |

## Qualifications (beginner checklist) — 10 of 11 passed

- [x] Revenue growing — +19.6% YoY
- [x] Profitable — $3.33B TTM
- [x] Profit growing — +15.2% YoY
- [x] Generates cash — $3.40B TTM
- [x] Debt under control — ~0.2y of cash flow to repay
- [x] Established company — $25.1B market cap
- [x] Not printing shares — -2.8% shares over ~5y
- [x] Proven track record — 9/10 profitable years
- [ ] Financially stable — health score 43/100
- [x] Pays a dividend — yield 2.17%
- [x] Valuation not extreme — P/E 7.5

## Experience (career milestones)

- **FY2023** — Revenue crossed $10B: $10.0B for the year
- **FY2021** — Best year on record: $2.95B net income
- **FY2020** — Became debt-free: cash now exceeds total debt
- **May 1, 2019** — MSP Underwriting, a global specialty underwriter, was acquired in February 2019
- **FY2016** — First recorded profitable year: $591M net income
- **FY2016** — Revenue already above $1B: $5.45B in first reported year
- **FY2016** — Positive free cash flow every year since: 10-year streak
- **1950** — The Cincinnati Insurance Company was founded in 1950 by four agents, including brothers John Jack Schiff and Robert…

## Strengths

- Strongly profitable — 23.8% net margin
- Revenue growing 19.6% year over year
- Strong cash conversion — FCF is 24.4% of revenue
- Interest covered 43.1× by operating earnings

## Watch-outs

- Loss-making in 1 of the recent years

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $9.63B | $2.95B | $1.97B |
| FY2022 | $6.56B | -$486M | $2.04B |
| FY2023 | $10.0B | $1.84B | $2.03B |
| FY2024 | $11.3B | $2.29B | $2.63B |
| FY2025 | $12.6B | $2.39B | $3.09B |

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Source: https://stockcv.com/CINF — derived from company filings; may be delayed or incomplete. Information, not investment advice.