---
schema_version: "secwatch.filing_event.v1"
accession: "0000020286-23-000043"
form_type: "8-K"
ticker: "CINF"
cik: "0000020286"
company_name: "CINCINNATI FINANCIAL CORP"
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T09:33:34.643386+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Cincinnati Financial Q1 net income of $225M vs loss; operating income falls 46%

## Summary
- Net income $225M ($1.42 diluted) vs net loss of $266M (-$1.66) in Q1 2022, aided by $84M after-tax equity securities gain.
- Non-GAAP operating income $141M ($0.89) down 46% from $260M ($1.62) a year ago.
- Earned premiums up 13% to $1.918B; net investment income up 14% to $210M.
- Book value per share $68.33, up $1.12 from year-end 2022; value creation ratio 3.1% vs -6.9%.
- Quarterly cash dividend raised 9% to $0.75 per share from $0.69.

## SEC filing metadata
- accession: 0000020286-23-000043
- form_type: 8-K
- ticker: CINF
- cik: 0000020286
- company_name: CINCINNATI FINANCIAL CORP
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/20286/000002028623000043/0000020286-23-000043-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/20286/000002028623000043/cinf-20230427.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000020286-23-000043
- JSON: https://secwatch.observer/filing/0000020286-23-000043.json
- Plain text: https://secwatch.observer/filing/0000020286-23-000043.txt

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