Cincinnati Monetary Company pronounces common quarterly money dividends

CINCINNATI, August 20, 2021 / PRNewswire / – Cincinnati Financial Corporation (Nasdaq: CINF) announced that its board of directors announced at today’s ordinary meeting, 63 cents– Regular quarterly cash dividends per share. The dividend is payable October 15, 2021, to registered shareholders 16.09.2021.

Steven J. Johnston, Chairman, President and Chief Executive Officer, commented, “The payment of this dividend in October will close our 61st consecutive year of increasing annual cash dividends. Cincinnati Financial’s capital strength and continued strong operating performance support regular dividends to shareholders now Reward while delivering excellent results Prospects for long-term shareholder value. “

About Cincinnati Financial
Cincinnati Financial Corporation primarily offers business, home and auto insurance through the Cincinnati Insurance Company and its two main property and casualty insurers. The same local independent insurance agencies that market these policies may offer products from our other subsidiaries, including life insurance, annuity insurance, and surplus insurance for property and casualty insurance. More information about the company can be found at

Postal address: Street:
P.O. Box 145496 6200 South Gilmore Road
Cincinnati, Ohio 45250-5496 Fairfield, Ohio 45014-5141

Safe Harbor Statement
This is our “safe harbor” statement under the Private Securities Litigation Reform Act of 1995. Our business is subject to risks and uncertainties that could cause actual results to differ materially from those suggested in the forward-looking statements in this report. Some of these risks and uncertainties are discussed in our 2020 Annual Report on Form 10-K, Item 1A, Risk Factors, page 34.

Factors that could cause or contribute to such differences include:

  • Effects of the COVID-19 pandemic that could affect results for the following reasons:
    • Disruptions or volatility in the securities market and related effects, such as decreased economic activity, affecting the company’s investment portfolio and book value
    • An unusually high level of damage in our insurance or reinsurance business that increases the cost of litigation
    • An unusually high level of insurance damage, including the risk of legal or judicial decisions extending business interruption insurance in commercial property insurance to claims for pure economic damage in connection with the COVID-19 pandemic
    • Decline in premium income and cash flow due to disruption to our independent agent sales channel, consumer self-isolation, travel restrictions, business restrictions, and decreased economic activity
    • Inability of our employees, agencies or suppliers to perform necessary business functions
  • Ongoing developments in business interruption insurance claims and litigation related to the COVID-19 pandemic that affect our estimates of losses and claims settlement costs or our ability to reasonably assess such losses, such as:
    • The ongoing duration of the pandemic and government measures to limit the spread of the virus, which can result in additional economic losses
    • The number of policyholders ultimately making claims or filing lawsuits
    • The lack of submitted evidence of damage for allegedly covered claims
    • Court rulings in similar legal disputes with other insurance companies
    • Differences in state laws and developing case law in the relatively few decisions that have been made so far
    • Litigation, including different policyholder legal theories
    • Whether and to what extent a group of policyholders can be certified
    • The inherent unpredictability of litigation
  • Unusually high catastrophe losses due to concentrations of risk, weather changes, environmental events, terrorist incidents or other causes
  • Increased frequency and / or severity of claims or development of claims that are unforeseen at the time the policy is issued
  • Insufficient estimates, assumptions, or reliance on third party data used to make critical accounting estimates
  • Declines in overall market values ​​have a negative impact on the company’s equity portfolio and book value
  • Persistently low interest rates or other factors that limit the company’s ability to generate growth in investment income or fluctuations in interest rates that result in impairment of fixed-term investments, including decreases in accounts in which we hold life insurance assets held by banks
    • Domestic and global events leading to uncertainty in the capital or credit markets, followed by prolonged periods of economic instability or recession leading to:
    • Significant or persistent decrease in the fair value of a particular security or group of securities and decrease in the value of the asset (s)
    • Significant decline in investment income due to reduced or discontinued dividend distributions for a specific security or group of securities
    • Significant increase in surety and director and officer losses on behalf of financial institutions or other insured entities
  • Our inability to integrate Cincinnati Global and its subsidiaries into our day-to-day operations, or disruption to our day-to-day operations as a result of such integration
  • Recession or other economic conditions that result in lower demand for insurance products or increased payment defaults
  • Difficulties with technology or data breaches, including cyberattacks, that could adversely affect our ability to do business; disrupt our relationships with agents, policyholders and others; Cause reputational damage, damage control, and data loss, and expose us to liability under federal and state laws
  • Disruption of the insurance market by technological innovations such as self-driving cars that could reduce consumer demand for insurance products
  • Delays, inadequate data developed in-house or by third parties, or inadequacies in performance due to the ongoing development and implementation of underwriting and pricing methods, including telematics and other usage-based insurance methods, or technology projects and improvements that are expected to be ours Pricing accuracy, underwriting profit and competitiveness
  • Increased competition, which could lead to a significant reduction in the company’s premium volume
  • Changing consumer insurance buying habits and consolidating independent insurance agencies that could change our competitive advantage
  • Inability to obtain adequate ceded reinsurance on acceptable terms, the amount of reinsurance coverage acquired, the financial strength of reinsurers and the possibility of default or payment delays by reinsurers
  • Inability to defer policy acquisition costs for any line of business if price and loss trends led management to conclude that the segment could not achieve sustainable profitability
  • Inability of our subsidiaries to pay dividends that are current or past levels
  • Events or conditions that weaken or affect the company’s relationships with its independent agencies and that could impede the ability to add new agencies, thereby limiting the company’s growth opportunities, such as:
    • Company financial strength ratings downgrades
    • Concern that doing business with the company is too difficult
    • Perceptions that the company’s level of service, especially claims service, is no longer a differentiator on the market
    • Inability or unwillingness to rapidly develop and introduce product updates and innovations that our competitors offer and that consumers expect in the marketplace
  • Actions by insurance departments, attorneys general, or other regulatory agencies, including a switch to a federal system of regulation from a state system, that:
    • Impose new obligations on us that increase our spending or change the assumptions on which our critical accounting estimates are based
    • Put the insurance industry under greater regulatory scrutiny or lead to new laws, rules and regulations
    • Limit our ability to close or reduce unprofitable coverages or businesses
    • Add ratings for guarantee funds, other insurance-related ratings, or mandatory reinsurance arrangements; or that affect our ability to obtain such ratings through future markups or other rate changes
    • Increase in our federal income tax provision due to changes in tax law
    • Increase our other expenses
    • Limit our ability to set fair, reasonable, and reasonable prices
    • Put us at a disadvantage in the market
    • Limit our ability to execute our business model, including the way we reward agents
  • Unwanted results from litigation or administrative proceedings
  • Events or actions, including unauthorized willful circumvention of controls, that affect the future ability of the company to maintain effective internal control over financial reporting under the Sarbanes-Oxley Act of 2002
  • Unexpected departure of certain officers or other key employees for retirement, health or other reasons that could interrupt progress toward important strategic goals or affect the effectiveness of certain long-term relationships with insurance agents and others
  • Events such as an epidemic, natural disaster or terrorism that could affect our ability to gather our workforce at our headquarters

In addition, the company’s insurance business is subject to the effects of the changing social, global, economic and regulatory environment. Public and regulatory initiatives have included efforts to adversely affect and limit premium rates, limit policy cancellation options, impose underwriting standards, and expand general regulation. The company is also subject to public and regulatory initiatives that may affect the market value of its common stock, such as: B. Measures affecting financial reporting and corporate governance. The final changes and possible effects of these initiatives are uncertain.

SOURCE Cincinnati Financial Corporation

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