Cincinnati Financial Corporation
- 取引所
- 米国株
- 国 / 地域
- USA
- 上場日
- 1990年3月26日
- 従業員数
- 5,705
- 公式サイト
- www.cinfin.com
総合バリュエーションレンジ · 保守的 $95–$120 / 妥当 $130–$155 / 楽観的 $180–$210。$184.23 時点で 楽観的な本源的価値レンジ内 · 多くの期待を織り込み済み。
レポート公開時 $168.1（2026年5月24日）
データ提供：EODHD、報告通貨で表示。参考情報であり、投資助言ではありません。
Cincinnati Financial Corporation provides property casualty insurance products in the United States. The company operates through five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment offers coverage for commercial casualty and property, commercial auto, and workers' compensation. This segment also provides contract and commercial surety bonds, and fidelity bonds; management liability; and machinery and equipment insurance products. The Personal Lines Insurance segment offers personal auto; homeowner; and other personal lines insurance, such as dwelling fire, inland marine, personal umbrella liability, and watercraft coverages. The Excess and Surplus Lines Insurance segment offers commercial casualty insurance that covers businesses for third-party liability from accidents occurring on their premises or arising out of their operations, such as injuries sustained from products, as well as other coverages comprising miscellaneous errors and omissions, professional liability, and excess liability; and commercial property insurance, which insures buildings, inventory, equipment, and business income from loss or damage due to various causes, such as fire, wind, hail, water, theft, and vandalism. The Life Insurance segment provides term life insurance; universal life insurance; and worksite and whole life insurance products, as well as annuities. The Investments segment invests in fixed-maturity investments, including taxable and tax-exempt bonds, and redeemable preferred stocks; and equity investments comprising common and nonredeemable preferred stocks. The company also offers commercial leasing and financing services; and insurance brokerage services. The company was founded in 1950 and is headquartered in Fairfield, Ohio.
沿革
Cincinnati Financial Corporation was founded in 1950 and is headquartered in Fairfield, Ohio, and went public with an IPO dated March 26, 1990. The company operates as a U.S. property and casualty insurance group through The Cincinnati Insurance Company and other subsidiaries, organized into five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. It distributes products through select independent agents and covers 46 states, with 2,292 property-casualty agency relationships and 3,702 reporting locations at the end of 2025. The business has scaled substantially over recent years: property-casualty net written premiums grew from 5.864 billion dollars in 2020 to 10.084 billion dollars in 2025, and in 2025 the company recorded 9.983 billion dollars of earned premiums, 1.165 billion dollars of net investment income, and 12.631 billion dollars of total revenue. By the end of 2025 it held 31.783 billion dollars of total investments and 41.002 billion dollars of total assets, and it had raised its annual cash dividend for 65 consecutive years while achieving underwriting profit for 14 consecutive years.
業界での地位
Cincinnati Financial is a mid-sized U.S. property and casualty insurer operating in a mature, fragmented industry where the top 10 groups held about 47.87% combined market share and the top 25 about 65.71% per NAIC 2025 data. The company ranked 23rd with roughly 0.86% overall market share, and 15th in homeowners multiple peril with about 1.01% share, making it a competitive mid-cap player rather than an industry leader. Its principal larger and higher-quality comparables include Chubb, Travelers, Progressive, and Allstate; in the first quarter of 2026 Chubb posted an 84.0% P&C combined ratio and Travelers an 88.6% combined ratio with 19.7% core ROE, versus 95.6% for Cincinnati Financial. The company's competitive advantages stem from its committed network of independent agents, a local decision-making operating structure supported by 940 local field claims representatives emphasizing same-day claims service and pre-event catastrophe deployment, strong financial-strength ratings (A.M. Best A+, Fitch AA-, Moody's A1, S&P A+ as of the end of 2025), and cross-selling across the same agency network, with about 84% of property-casualty agents also selling Cincinnati Life products and roughly 62% of term and other life premiums coming from property-casualty agency relationships.
この銘柄のレポートはお使いの言語でまだありません。