Earning Trust

For openness and integrity in accounting, governance and management, Cincinnati Financial was the highest scoring large-cap company in Forbes' 2012 list of the 100 Most Trustworthy Companies in America.

We work to be trustworthy stewards who can deliver value well into the future. We seek to optimize the balance of risk and return, of growth and underwriting discipline, and of current income needs and longer-term goals.

Nowhere is that approach more important or more evident than in our insurance reserves. For 24 consecutive years, favorable reserve development has benefitted earnings as paid claims and updated estimates of claims settlements in process came in lower than our initial conservative estimates. At the same time, we maintained total reserves consistently within the upper half of the actuarially estimated range of likely amounts we will ultimately pay out to policyholders. At year-end 2012, our $9 billion of fixed-maturity investments exceeded total insurance reserves by 39 percent, supporting policyholder confidence in our ability to pay claims.