---
schema_version: "secwatch.filing_event.v1"
accession: "0000020286-23-000005"
form_type: "8-K"
ticker: "CINF"
cik: "0000020286"
company_name: "CINCINNATI FINANCIAL CORP"
filed_at: "2023-02-06T23:59:59+00:00"
generated_at: "2026-06-20T00:29:49.994878+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cincinnati Financial reports full-year net loss of $486M; Q4 operating income down 37%

## Summary
- Full-year 2022 net loss $486M ($3.06 per share) vs profit of $2.946B ($18.10) in 2021.
- Q4 2022 non-GAAP operating income $202M ($1.27) down 37% from $320M ($1.97) a year ago.
- Book value per share $67.01 at Dec 31, 2022, down 18.0% from year-end 2021.
- Value creation ratio negative 14.6% for 2022 vs positive 25.7% for 2021.
- Quarterly dividend increased 10% to $0.69 per share.

## SEC filing metadata
- accession: 0000020286-23-000005
- form_type: 8-K
- ticker: CINF
- cik: 0000020286
- company_name: CINCINNATI FINANCIAL CORP
- filed_at: 2023-02-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/20286/000002028623000005/0000020286-23-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/20286/000002028623000005/cinf-20230206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000020286-23-000005
- JSON: https://secwatch.observer/filing/0000020286-23-000005.json
- Plain text: https://secwatch.observer/filing/0000020286-23-000005.txt

## Key facts
- Earnings Releases
  CINCINNATI FINANCIAL CORP reported Full-Year 2022 results: net income $486 million, or $3.06 per share, EPS $3.06 per share.
  - Period: Full-Year 2022
  - Net income: $486 million, or $3.06 per share
  - EPS: $3.06 per share
  - Result: reported results
  source text: Full-year 2022 net loss of $486 million, or $3.06 per share, compared with net income of $2.946 billion, or $18.10 per share, in 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/20286/000002028623000005/0000020286-23-000005-index.htm
- Earnings Releases
  CINCINNATI FINANCIAL CORP reported Fourth-Quarter and Full-Year 2022 results: net income $1.013 billion, or $6.40 per share, EPS $6.40 per share.
  - Period: Fourth-Quarter and Full-Year 2022
  - Net income: $1.013 billion, or $6.40 per share
  - EPS: $6.40 per share
  - Result: reported results
  source text: Fourth-quarter 2022 net income of $1.013 billion, or $6.40 per share, compared with net income of $1.470 billion, or $9.04 per share, in the fourth quarter of 2021, after recognizing an $806 million fourth-quarter 2022 after-tax increase in the fair value of equity securities still held.
  evidence_url: https://www.sec.gov/Archives/edgar/data/20286/000002028623000005/0000020286-23-000005-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.