---
schema_version: "secwatch.filing_event.v1"
accession: "0000020286-23-000057"
form_type: "8-K"
ticker: "CINF"
cik: "0000020286"
company_name: "CINCINNATI FINANCIAL CORP"
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-13T01:01:43.071290+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Cincinnati Financial Q2 net income $534M vs loss $818M a year ago; operating income up 103%

## Summary
- Net income $534M ($3.38 per share) vs net loss $818M ($5.12 per share) in Q2 2022.
- Non-GAAP operating income $191M ($1.21 per share) up 103% from $94M ($0.59) YoY.
- Earned premiums $1.943B (+10% YoY); net investment income $220M (+13%).
- Book value per share $70.33 at June 30, 2023, up $3.12 from year-end; H1 value creation ratio 7.2%.
- Cash dividend declared $0.75 per share, up 9% from $0.69 in Q2 2022.

## SEC filing metadata
- accession: 0000020286-23-000057
- form_type: 8-K
- ticker: CINF
- cik: 0000020286
- company_name: CINCINNATI FINANCIAL CORP
- filed_at: 2023-07-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/20286/000002028623000057/0000020286-23-000057-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/20286/000002028623000057/cinf-20230727.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000020286-23-000057
- JSON: https://secwatch.observer/filing/0000020286-23-000057.json
- Plain text: https://secwatch.observer/filing/0000020286-23-000057.txt

## Key facts
- Earnings Releases
  CINCINNATI FINANCIAL CORP reported Second-Quarter 2023 results: revenue 2,605, net income $534 million, EPS $3.38 per share.
  - Period: Second-Quarter 2023
  - Revenue: 2,605
  - Net income: $534 million
  - EPS: $3.38 per share
  - Result: reported results
  source text: 2023 2022 % Change 2023 2022 % Change Revenue Data Earned premiums $ 1,943 $ 1,773 10 $ 3,861 $ 3,466 11 Investment income, net of expenses 220 195 13 430 380 13 Total revenues 2,605 820 218 4,846 2,038 138 Income Statement Data Net income (loss) $ 534 $ (818) nm $ 759 $ (1,084) nm Investment gains and losses, after-tax 343 (912) nm 427 (1,438) nm Non-GAAP
  evidence_url: https://www.sec.gov/Archives/edgar/data/20286/000002028623000057/0000020286-23-000057-index.htm

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