Cincinnati Financial Reports Strong Q4 Earnings

Insurer cites underwriting discipline and investment income growth in 2025 results

Published on Feb. 11, 2026

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Cincinnati Financial (NASDAQ:CINF) reported strong fourth-quarter and full-year 2025 results, with net income up 67% in Q4 and 4% for the full year. The company cited solid underwriting performance, higher investment income, and growth in net written premiums as key drivers of the positive financial results, overcoming what it described as the largest catastrophe loss in the company's history earlier in the year.

Why it matters

Cincinnati Financial's performance highlights the importance of underwriting discipline and diversified revenue streams in the insurance industry, especially in the face of increasing catastrophe risks. The company's ability to grow premiums while maintaining a strong combined ratio demonstrates its competitive positioning and ability to navigate market challenges.

The details

Cincinnati Financial reported a fourth-quarter 2025 property casualty combined ratio of 85.2%, which management called "outstanding," and lowered the full-year combined ratio to 94.9%. The company also saw 5% growth in consolidated property casualty net written premiums in Q4, reflecting pricing discipline. Investment income grew 9% in Q4 and 14% for the full year, further boosting results. The company renewed its reinsurance treaties with some changes, including increasing the top of the property catastrophe program to $2 billion from $1.8 billion.

  • Cincinnati Financial reported its fourth-quarter and full-year 2025 results on February 11, 2026.

The players

Cincinnati Financial Corporation

An insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services.

Steve Spray

President and CEO of Cincinnati Financial Corporation.

Mike Sewell

Executive Vice President and CFO of Cincinnati Financial Corporation.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee (Instagram)

The takeaway

Cincinnati Financial's strong financial performance in 2025, driven by underwriting discipline, investment income growth, and premium growth, demonstrates the company's ability to navigate challenges in the insurance industry and maintain its competitive edge.