section defines and reconciles measures presented in this release that are not based on U.S.
Generally Accepted Accounting Principles.
company s safe harbor statement.
Insurance Operations Highlights
12% growth in first-quarter net written premiums, reflecting price increases and premium growth initiatives.
$220 million first-quarter 2021 property casualty new business written premiums, up 2%. Agencies appointed since the beginning of 2020 contributed $11 million or 5% of total new business written premiums.
$10 million first-quarter 2021 life insurance subsidiary net income, up $23 million from the first quarter of 2020, and 9% growth in first-quarter 2021 term life insurance earned premiums.
Investment and Balance Sheet Highlights
5% or $9 million increase in first-quarter 2021 pretax investment income, including a 9% increase for stock portfolio dividends and a 5% increase for bond interest income.
Contact:
Stephanie Johnson, 513-870-2768
About the Company: Cincinnati Financial Corporation offers primarily business, home and auto insurance through The Cincinnati Insurance Company and its two standard market property casualty companies. The same local independent insurance agencies that market those policies may offer products of our other subsidiaries, including life insurance, fixed annuities and surplus lines property and casualty insurance. For additional information about the company, please visit
cinfin.com.
Also available on the company s website will be information reconciling any non–GAAP financial measures to be discussed on the conference call.
SOURCE Cincinnati Financial Corporation
Cincinnati Financial Corporation Increases Regular Quarterly Cash Dividend
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CINCINNATI, Jan. 29, 2021 /PRNewswire/
Cincinnati Financial Corporation (Nasdaq: CINF) announced that at today s regular meeting, the board of directors declared a 63-cents-per-share regular quarterly cash dividend, increasing from the previous 60-cents-per-share dividend paid on January 15, 2021. The dividend is payable April 15, 2021, to shareholders of record as of March 17, 2021.
Steven J. Johnston, chairman, president and chief executive officer, commented: The company remains well positioned to reward shareholders in the near term and long term, thanks to our financial strength and the successes achieved by our outstanding independent agents and our talented associates who remained focused on our key growth and profitability initiatives.