CINCINNATI FINANCIAL CORPORATION ANNUAL STATEMENT FOR THE YEAR 2023 OF THE THE CINCINNATI CASUALTY COMPANY
ASSETS
Current Year | Prior Year | |||||||
1 | 2 | 3 | 4 | |||||
Net Admitted Assets | Net Admitted | |||||||
Assets | Nonadmitted Assets | (Cols. 1 - 2) | Assets | |||||
1. | Bonds (Schedule D) | 363,623,975 | ................................... | 363,623,975 | 345,688,531 | |||
2. | Stocks (Schedule D): | |||||||
2.1 Preferred stocks | ................................... | ................................... | ................................... | ................................... | ||||
2.2 Common stocks | 170,549,141 | ................................... | 170,549,141 | 162,264,415 | ||||
3. | Mortgage loans on real estate (Schedule B): | |||||||
3.1 First liens | ................................... | ................................... | ................................... | ................................... | ||||
3.2 Other than first liens | ................................... | ................................... | ................................... | ................................... | ||||
4. | Real estate (Schedule A): | |||||||
4.1 Properties occupied by the company (less $ | ||||||||
encumbrances) | ................................... | ................................... | ................................... | ................................... | ||||
4.2 Properties held for | the production of income (less | |||||||
$ | encumbrances) | ................................... | ................................... | ................................... | ................................... | |||
4.3 Properties held for sale (less $ | ||||||||
encumbrances) | ................................... | ................................... | ................................... | ................................... | ||||
5. | Cash ($ | 5,219,310 , Schedule E - Part 1), cash equivalents | ||||||
($ | , Schedule E - Part 2) and short-term | |||||||
investments ($ | , Schedule DA) | 5,219,310 | ................................... | 5,219,310 | 7,255,234 | |||
6. | Contract loans (including $ | premium notes) | ................................... | ................................... | ................................... | ................................... | ||
7. | Derivatives (Schedule DB) | ................................... | ................................... | ................................... | ................................... | |||
8. | Other invested assets (Schedule BA) | ................................... | ................................... | ................................... | ................................... | |||
9. | Receivable for securities | ................................... | ................................... | ................................... | ................................... | |||
10. | Securities lending reinvested collateral assets (Schedule DL) | ................................... | ................................... | ................................... | ................................... | |||
11. | Aggregate write-ins for invested assets | ................................... | ................................... | ................................... | ................................... | |||
12. | Subtotals, cash and invested assets (Lines 1 to 11) | 539,392,425 | ................................... | 539,392,425 | 515,208,180 | |||
13. | Title plants less $ ................................... charged off (for Title insurers | |||||||
only) | ................................... | ................................... | ................................... | ................................... | ||||
14. | .............................................................Investment income due and accrued | ................... 4,770,533 | ................................... | ................... 4,770,533 | ...................4,161,681 | |||
15. | Premiums and considerations: | |||||||
15.1 Uncollected premiums and agents' balances in the course of collection | ................................... | ................................... | ................................... | ................................... | ||||
15.2 Deferred premiums, agents' balances and installments booked but | ||||||||
...................................deferred and not yet due (including $ | ||||||||
............................................................earned but unbilled premiums) | ................................... | ................................... | ................................... | ................................... | ||||
...................................15.3 Accrued retrospective premiums ($ | ) and | |||||||
contracts subject to redetermination ($ | ) | ................................... ................................... ................................... ................................... |
16. Reinsurance:
16.1 | Amounts recoverable from reinsurers | ................. 50,129,602 | ................................... | ................. 50,129,602 | ................. 36,905,532 | |
16.2 | Funds held by or deposited with reinsured companies | ................................... | ................................... | ................................... | ................................... | |
16.3 | Other amounts receivable under reinsurance contracts | ...................8,899,801 | ................................... | ...................8,899,801 | ................... 6,791,417 | |
17. | Amounts receivable relating to uninsured plans | ................................... | ................................... | ................................... | ................................... | |
18.1 | Current federal and foreign income tax recoverable and interest thereon .... | ........................ 81,357 | ................................... | ........................ 81,357 | ................................... | |
18.2 | ...................................................................................Net deferred tax asset | ................................... | ................................... | ................................... | ................................... | |
19. | ......................................................Guaranty funds receivable or on deposit | ................................... | ................................... | ................................... | ................................... | |
20. | Electronic data processing equipment and software | 1,244,910 | 1,244,910 | ................................... | ................................... |
21. Furniture and equipment, including health care delivery assets
($ | ) | ................................... | ................................... | ................................... | ................................... | |
22. | .........Net adjustment in assets and liabilities due to foreign exchange rates | ................................... | ................................... | ................................... | ................................... | |
23. | .....................................Receivables from parent, subsidiaries and affiliates | ................. 28,297,410 | ................................... | ................. 28,297,410 | ................. 19,242,303 | |
24. | Health care ($ | ) and other amounts receivable | ................................... | ................................... | ................................... | ................................... |
25. | Aggregate write-ins for other than invested assets | ................................... | ................................... | ................................... | ................................... | |
26. | Total assets excluding Separate Accounts, Segregated Accounts and | |||||
Protected Cell Accounts (Lines 12 to 25) | ................632,816,038 | ...................1,244,910 | ................631,571,128 | ................582,309,113 | ||
27. | From Separate Accounts, Segregated Accounts and Protected Cell | |||||
Accounts | ................................... | ................................... | ................................... | ................................... | ||
28. | Total (Lines 26 and 27) | 632,816,038 | 1,244,910 | 631,571,128 | 582,309,113 | |
DETAILS OF WRITE-INS | ||||||
1101. ........................................................................................................................ .................................... .................................... .................................... ....................................
1102. ........................................................................................................................ .................................... .................................... .................................... ....................................
1103. ........................................................................................................................ .................................... .................................... .................................... ....................................
1198. Summary of remaining write-ins for Line 11 from overflow page ................... ................................... ................................... ................................... ...................................
1199. Totals (Lines 1101 thru 1103 plus 1198)(Line 11 above)
2501. ........................................................................................................................ .................................... .................................... .................................... ....................................
2502. ........................................................................................................................ .................................... .................................... .................................... ....................................
2503. ........................................................................................................................ .................................... .................................... .................................... ....................................
2598. Summary of remaining write-ins for Line 25 from overflow page ................... ................................... ................................... ................................... ...................................
2599. Totals (Lines 2501 thru 2503 plus 2598)(Line 25 above)
2
ANNUAL STATEMENT FOR THE YEAR 2023 OF THE THE CINCINNATI CASUALTY COMPANY
LIABILITIES, SURPLUS AND OTHER FUNDS
1 | 2 | ||||
Current Year | Prior Year | ||||
1. | Losses (Part 2A, Line 35, Column 8) | ........................................................................................................................................ | ................................... | ................................... | |
2. | .....................................Reinsurance payable on paid losses and loss adjustment expenses (Schedule F, Part 1, Column 6) | ................................... | ................................... | ||
3. | .........................................................................................................Loss adjustment expenses (Part 2A, Line 35, Column 9) | ................................... | ................................... | ||
4. | .............................................................................Commissions payable, contingent commissions and other similar charges | ................................... | ................................... | ||
5. | ...............................................................................................................Other expenses (excluding taxes, licenses and fees) | ..........................5,050 | .......................... 6,033 | ||
6. | ...................................................................................Taxes, licenses and fees (excluding federal and foreign income taxes) | ................................... | ................................... | ||
7.1 | .................................Current federal and foreign income taxes (including $ | 0 on realized capital gains (losses)) | ................................... | ............................. 904 | |
7.2 | Net deferred tax liability | ................. 25,292,975 | ................. 23,204,503 | ||
8. | Borrowed money $ | and interest thereon $ | .......................................... | ................................... | ................................... |
9. Unearned premiums (Part 1A, Line 38, Column 5) (after deducting unearned premiums for ceded reinsurance of
$ | 538,709,878 | and including warranty reserves of $ | and accrued accident and | ||||
health experience rating refunds including $ | for | medical loss ratio rebate per the Public Health | |||||
.............................................................................................................................................................................Service Act) | ................................... | ................................... | |||||
10. | .....................................................................................................................................................................Advance premium | ................................... | ................................... | ||||
11. | Dividends declared and unpaid: | ||||||
......................................................................................................................................................................11.1 Stockholders | ................................... | ................................... | |||||
.....................................................................................................................................................................11.2 Policyholders | ................................... | ................................... | |||||
12. | ........................................................................................Ceded reinsurance premiums payable (net of ceding commissions) | ................. 86,139,604 | ................. 62,206,173 | ||||
13. | Funds held by company under reinsurance treaties (Schedule F, Part 3, Column 20) | ............................................................. | ................................... | ................................... | |||
14. | Amounts withheld or retained by company for account of others | .............................................................................................. | ................... 2,621,663 | ...................2,248,496 | |||
15. | Remittances and items not allocated | ................................... | ................................... | ||||
16. | ...................................Provision for reinsurance (including $ | .........................certified) (Schedule F, Part 3, Column 78) | ................................... | ................................... | |||
17. | ...................................................................................Net adjustments in assets and liabilities due to foreign exchange rates | ................................... | ................................... | ||||
18. | .....................................................................................................................................................................Drafts outstanding | ................................... | ................................... | ||||
19. | ............................................................................................................................Payable to parent, subsidiaries and affiliates | ..........................2,810 | ................................... | ||||
20. | Derivatives | ................................... | ................................... | ||||
21. | ................................................................................................................................................................Payable for securities | ................................... | ................................... | ||||
22. | ....................................................................................................................................................Payable for securities lending | ................................... | ................................... | ||||
23. | ......................................................................................................................Liability for amounts held under uninsured plans | ................................... | ................................... | ||||
24. | Capital notes $ | ...................................and interest thereon $ | ................................................. | ................................... | ................................... | ||
25. | Aggregate write-ins for liabilities | 142,170 | 3,180 | ||||
26. | Total liabilities excluding protected cell liabilities (Lines 1 through 25) | ................114,204,273 | ................. 87,669,290 | ||||
27. | Protected cell liabilities | ||||||
28. | Total liabilities (Lines 26 and 27) | ................114,204,273 | ................. 87,669,290 | ||||
29. | ............................................................................................................................Aggregate write-ins for special surplus funds | ................................... | ................................... | ||||
30. | ...............................................................................................................................................................Common capital stock | ................... 3,750,000 | ................... 3,750,000 | ||||
31. | ...............................................................................................................................................................Preferred capital stock | ................................... | ................................... | ||||
32. | ...........................................................................................................Aggregate write-ins for other than special surplus funds | ................................... | ................................... | ||||
33. | .............................................................................................................................................................................Surplus notes | ................................... | ................................... | ||||
34. | .......................................................................................................................................Gross paid in and contributed surplus | ................. 18,000,000 | ................. 18,000,000 | ||||
35. | .......................................................................................................................................................Unassigned funds (surplus) | ............... 495,616,856 | ................472,889,823 | ||||
36. | Less treasury stock, at cost: | ||||||
36.1 | shares common (value included in Line 30 | $ | ) | ................................... | ................................... | ||
36.2 | shares preferred (value included in Line 31 | $ | ) | ................................... | ................................... | ||
37. | Surplus as regards policyholders (Lines 29 to 35, less 36) (Page 4, Line 39) | 517,366,856 | 494,639,823 | ||||
38. | TOTALS (Page 2, Line 28, Col. 3) | 631,571,128 | 582,309,113 | ||||
DETAILS OF WRITE-INS | |||||||
2501. | ............................................................................................................................................................Accounts Payable Other | ...................... 142,170 | ..........................3,180 | ||||
2502. | ..................................................................................................................................................................................................................................... | ................................... | |||||
2503. | ..................................................................................................................................................................................................................................... | ................................... | |||||
2598. | Summary of remaining write-ins for Line 25 from overflow page | .............................................................................................. | ................................... | ................................... | |||
2599. | Totals (Lines 2501 thru 2503 plus 2598)(Line 25 above) | 142,170 | 3,180 | ||||
2901 | .................................... | ||||||
2902 | .................................... | ||||||
2903 | .................................... | ||||||
2998. | Summary of remaining write-ins for Line 29 from overflow page | .............................................................................................. | ................................... | ................................... | |||
2999. | Totals (Lines 2901 thru 2903 plus 2998)(Line 29 above) | ||||||
3201. | ...................................................................................................................................................................................................................................... | .................................... |
3202. ........................................................................................................................................................................................................................................ ....................................
3203. ........................................................................................................................................................................................................................................ ....................................
3298. Summary of remaining write-ins for Line 32 from overflow page .............................................................................................. ................................... ...................................
3299. Totals (Lines 3201 thru 3203 plus 3298)(Line 32 above)
3
ANNUAL STATEMENT FOR THE YEAR 2023 OF THE THE CINCINNATI CASUALTY COMPANY
STATEMENT OF INCOME
1 | 2 | |||
Current Year | Prior Year | |||
UNDERWRITING INCOME | ||||
1. | Premiums earned (Part 1, Line 35, Column 4) | ................................... | ................................... | |
DEDUCTIONS: | ||||
2. | Losses incurred (Part 2, Line 35, Column 7) | ................................... | ................................... | |
3. | Loss adjustment expenses incurred (Part 3, Line 25, Column 1) | ................................... | ................................... | |
4. | Other underwriting expenses incurred (Part 3, Line 25, Column 2) | ................................... | ................................... | |
5. | Aggregate write-ins for underwriting deductions | ................................... | ................................... | |
6. | Total underwriting deductions (Lines 2 through 5) | |||
7. | Net income of protected cells | ................................... | ................................... | |
8. | Net underwriting gain (loss) (Line 1 minus Line 6 plus Line 7) | ................................... | ................................... | |
INVESTMENT INCOME | ||||
9. | ............................................................................Net investment income earned (Exhibit of Net Investment Income, Line 17) | ................. 17,137,621 | ................. 15,803,567 | |
10. | Net realized capital gains (losses) less capital gains tax of $ | (125,445) (Exhibit of Capital | ||
Gains (Losses) ) | (1,549,895) | 6,912 | ||
11. | Net investment gain (loss) (Lines 9 + 10) | 15,587,727 | 15,810,479 | |
OTHER INCOME |
12. Net gain (loss) from agents' or premium balances charged off (amount recovered
$ | amount charged off $ | ) | ................................... | |
13. | Finance and service charges not included in premiums | ................................... | ................................... | |
14. | Aggregate write-ins for miscellaneous income | 57 | ||
15. | ..................................................................................................................................Total other income (Lines 12 through 14) | 57 | ||
16. | Net income before dividends to policyholders, after capital gains tax and before all other federal and foreign income taxes | |||
(Lines 8 + 11 + 15) | 15,587,783 | ................. 15,810,479 |
- Dividends to policyholders .........................................................................................................................................................
- Net income, after dividends to policyholders, after capital gains tax and before all other federal and foreign income taxes
(Line 16 minus Line 17) | 15,587,783 | 15,810,479 | ||
19. | Federal and foreign income taxes incurred | 2,400,762 | 2,134,885 | |
20. | Net income (Line 18 minus Line 19)(to Line 22) | 13,187,022 | 13,675,594 | |
CAPITAL AND SURPLUS ACCOUNT | ||||
21. | .........................................................Surplus as regards policyholders, December 31 prior year (Page 4, Line 39, Column 2) | 494,639,823 | ................500,202,276 | |
22. | Net income (from Line 20) | 13,187,022 | 13,675,594 | |
23. | Net transfers (to) from Protected Cell accounts | ................................... | ................................... | |
24. | Change in net unrealized capital gains or (losses) less capital gains tax of $ | 2,303,322 | ................... 8,664,879 | ................(19,664,733) |
25. | Change in net unrealized foreign exchange capital gain (loss) | ................................... | ................................... | |
26. | Change in net deferred income tax | ...................... 214,850 | ........................ (7,861) | |
27. | Change in nonadmitted assets (Exhibit of Nonadmitted Assets, Line 28, Col. 3) | |||
660,282 | 434,549 | |||
28. | Change in provision for reinsurance (Page 3, Line 16, Column 2 minus Column 1) | ................................... | ................................... | |
29. | Change in surplus notes | ................................... | ................................... | |
30. | Surplus (contributed to) withdrawn from protected cells | ................................... | ................................... | |
31. | Cumulative effect of changes in accounting principles | ................................... | ................................... | |
32. | Capital changes: | |||
32.1 Paid in | ................................... | ................................... | ||
32.2 Transferred from surplus (Stock Dividend) | ................................... | ................................... | ||
32.3 Transferred to surplus | ................................... | ................................... | ||
33. | Surplus adjustments: | |||
33.1 Paid in | ................................... | ................................... | ||
33.2 Transferred to capital (Stock Dividend) | ................................... | ................................... | ||
33.3 Transferred from capital | ................................... | ................................... | ||
34. | Net remittances from or (to) Home Office | ................................... | ................................... | |
35. | Dividends to stockholders | ................................... | ................................... | |
36. | Change in treasury stock (Page 3, Lines 36.1 and 36.2, Column 2 minus Column 1) | ................................... | ................................... | |
37. | Aggregate write-ins for gains and losses in surplus | |||
38. | Change in surplus as regards policyholders for the year (Lines 22 through 37) | 22,727,032 | (5,562,452) | |
39. | Surplus as regards policyholders, December 31 current year (Line 21 plus Line 38) (Page 3, Line 37) | 517,366,856 | 494,639,823 | |
DETAILS OF WRITE-INS |
0501 | |
0502 | |
0503 | |
0598. | Summary of remaining write-ins for Line 5 from overflow page |
0599. | Totals (Lines 0501 thru 0503 plus 0598)(Line 5 above) |
1401. | Miscellaneous Income | 57 | ................................... |
1402. | ..................................................................................................................................................................................................................................... | ................................... | |
1403. | ..................................................................................................................................................................................................................................... | ................................... | |
1498. | Summary of remaining write-ins for Line 14 from overflow page | ................................... | ................................... |
1499. | Totals (Lines 1401 thru 1403 plus 1498)(Line 14 above) | 57 | |
3701 | .................................... |
3702. ........................................................................................................................................................................................................................................ ....................................
3703. ........................................................................................................................................................................................................................................ ....................................
3798. Summary of remaining write-ins for Line 37 from overflow page .............................................................................................. ................................... ...................................
3799. Totals (Lines 3701 thru 3703 plus 3798)(Line 37 above)
4
ANNUAL STATEMENT FOR THE YEAR 2023 OF THE THE CINCINNATI CASUALTY COMPANY
CASH FLOW
Cash from Operations
1
Current Year
2
Prior Year
1. | Premiums collected net of reinsurance | ................. 23,933,431 | ................. 14,573,279 | |
2. | Net investment income | ................. 17,974,688 | ................. 17,083,841 | |
3. | Miscellaneous income | 57 | ||
4. | Total (Lines 1 through 3) | 41,908,176 | 31,657,120 | |
5. | Benefit and loss related payments | ................. 15,332,454 | ...................9,219,165 | |
6. | .......................................................Net transfers to Separate Accounts, Segregated Accounts and Protected Cell Accounts | ................................... | ................................... | |
7. | Commissions, expenses paid and aggregate write-ins for deductions | ................................... | ................................... | |
8. | Dividends paid to policyholders | ................................... | ................................... | |
9. | Federal and foreign income taxes paid (recovered) net of $ | 12 tax on capital gains (losses) | 2,357,578 | 2,065,093 |
10. | Total (Lines 5 through 9) | 17,690,032 | 11,284,258 | |
11. | Net cash from operations (Line 4 minus Line 10) | 24,218,144 | 20,372,862 | |
Cash from Investments
12. Proceeds from investments sold, matured or repaid:
12.1 | Bonds | 20,455,000 | 20,025,040 |
12.2 | Stocks | 346,477 | ................................... |
12.3 | Mortgage loans | ................................... | ................................... |
12.4 | Real estate | ................................... | ................................... |
12.5 | Other invested assets | ................................... | ................................... |
12.6 | Net gains or (losses) on cash, cash equivalents and short-term investments | ................................... | ................................... |
12.7 | Miscellaneous proceeds | ||
12.8 Total investment proceeds (Lines 12.1 to 12.7) | ................. 20,801,477 | ................. 20,025,040 |
13. Cost of investments acquired (long-term only):
13.1 | Bonds | 39,175,688 | 35,226,707 | |
13.2 | Stocks | ................................... | ................................... | |
13.3 | Mortgage loans | ................................... | ................................... | |
13.4 | Real estate | ................................... | ................................... | |
13.5 | Other invested assets | ................................... | ................................... | |
13.6 | Miscellaneous applications | |||
13.7 | Total investments acquired (Lines 13.1 to 13.6) | 39,175,688 | 35,226,707 | |
14. | .................................................................................................Net increase/(decrease) in contract loans and premium notes | |||
15. | Net cash from investments (Line 12.8 minus Line 13.7 minus Line 14) | (18,374,210) | (15,201,667) | |
Cash from Financing and Miscellaneous Sources | ||||
16. | Cash provided (applied): | |||
16.1 | Surplus notes, capital notes | ................................... | ................................... | |
16.2 Capital and paid in surplus, less treasury stock | ................................... | ................................... | ||
.................................................................................................................................................................16.3 Borrowed funds | ................................... | ................................... | ||
..............................................................................16.4 Net deposits on deposit-type contracts and other insurance liabilities | ................................... | ................................... | ||
.................................................................................................................................................16.5 Dividends to stockholders | ................................... | ................................... | ||
...........................................................................................................................................16.6 Other cash provided (applied) | (7,879,858) | (4,904,245) | ||
17. | Net cash from financing and miscellaneous sources (Lines 16.1 to 16.4 minus Line 16.5 plus Line 16.6) | (7,879,858) | (4,904,245) | |
RECONCILIATION OF CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS | ||||
18. | ........................................Net change in cash, cash equivalents and short-term investments (Line 11, plus Lines 15 and 17) | (2,035,924) | 266,950 | |
19. | Cash, cash equivalents and short-term investments: | |||
...............................................................................................................................................................19.1 Beginning of year | ................... 7,255,234 | ...................6,988,284 | ||
19.2 End of period (Line 18 plus Line 19.1) | 5,219,310 | 7,255,234 |
Note: Supplemental disclosures of cash flow information for non-cash transactions:
5
ANNUAL STATEMENT FOR THE YEAR 2023 OF THE THE CINCINNATI CASUALTY COMPANY
Underwriting and Investment Exhibit - Part 1 - Premiums Earned
N O N E
Underwriting and Investment Exhibit - Part 1A - Recapitulation of all Premiums
N O N E
6, 7
ANNUAL STATEMENT FOR THE YEAR 2023 OF THE THE CINCINNATI CASUALTY COMPANY
UNDERWRITING AND INVESTMENT EXHIBIT
PART 1B - PREMIUMS WRITTEN
1 | Reinsurance Assumed | Reinsurance Ceded | 6 | ||||
2 | 3 | 4 | 5 | Net Premiums | |||
Written | |||||||
Line of Business | Direct Business (a) | From Affiliates | From Non-Affiliates | To Affiliates | To Non-Affiliates | Cols. 1+2+3-4-5 | |
1. | Fire | ............... 6,039,688 | ............................... | ............................... | ............... 6,039,688 | ............................... | ............................... |
2.1 | Allied lines | ............... 8,697,134 | ............................... | ............................... | ............... 8,697,134 | ............................... | ............................... |
2.2 | Multiple peril crop | ............................... | ............................... | ............................... | ............................... | ............................... | ............................... |
2.3 | Federal flood | ............................... | ............................... | ............................... | ............................... | ............................... | ............................... |
2.4 | Private crop | ............................... | ............................... | ............................... | ............................... | ............................... | ............................... |
2.5 | Private flood | ............... 1,371,922 | ............................... | ............................... | ............... 1,371,922 | ............................... | ............................... |
3. | Farmowners multiple peril | ............................... | ............................... | ............................... | ............................... | ............................... | ............................... |
4. | Homeowners multiple peril | ............299,178,785 | ............................... | ............................... | ............299,178,785 | ............................... | ............................... |
5.1 | Commercial multiple peril (non-liability | ||||||
portion) | ............110,962,073 | ............................... | ............................... | ............110,962,073 | ............................... | ............................... | |
5.2 | Commercial multiple peril (liability portion) | ............. 68,848,862 | ............................... | ............................... | ............. 68,848,862 | ............................... | ............................... |
6. | Mortgage guaranty | ............................... | ............................... | ............................... | ............................... | ............................... | ............................... |
8. | Ocean marine | ............................... | ............................... | ............................... | ............................... | ............................... | ............................... |
9. | Inland marine | ..............50,961,378 | ............................... | ............................... | ..............50,961,378 | ............................... | ............................... |
10. | Financial guaranty | ............................... | ............................... | ............................... | ............................... | ............................... | ............................... |
11.1 | Medical professional liability - occurrence . | 1,733,349 | ............................... | ............................... | ............... 1,733,349 | ............................... | ............................... |
11.2 | Medical professional liability - claims- | ||||||
made | 746,344 | ............................... | ............................... | ...................746,344 | ............................... | ............................... | |
12. | Earthquake | 8,691,355 | ............................... | ............................... | ............... 8,691,355 | ............................... | ............................... |
13.1 | Comprehensive (hospital and medical) | ||||||
individual | ............................... | ............................... ............................... ............................... ............................... ............................... | |||||
13.2 | Comprehensive (hospital and medical) | ||||||
group | ............................... | ............................... ............................... ............................... ............................... ............................... |
14. Credit accident and health (group and
individual) | ............................... | ............................... ............................... ............................... ............................... ............................... | |||||||
15.1 | Vision only | ............................... | ............................... | ............................... | ............................... | ............................... | ............................... | ||
15.2 | Dental only | ............................... | ............................... | ............................... | ............................... | ............................... | ............................... | ||
15.3 | Disability income | ............................... | ............................... | ............................... | ............................... | ............................... | ............................... | ||
15.4 | Medicare supplement | ............................... | ............................... | ............................... | ............................... | ............................... | ............................... | ||
15.5 | Medicaid Title XIX | ............................... | ............................... | ............................... | ............................... | ............................... | ............................... | ||
15.6 | Medicare Title XVIII | ............................... | ............................... | ............................... | ............................... | ............................... | ............................... | ||
15.7 | Long-term care | ............................... | ............................... | ............................... | ............................... | ............................... | ............................... | ||
15.8 | Federal employees health benefits plan ... | ............................... | ............................... | ............................... | ............................... | ............................... | ............................... | ||
15.9 | Other health | ............................... | ............................... | ............................... | ............................... | ............................... | ............................... | ||
16. | Workers' compensation | ..............83,529,758 | ............................... | ..........................109 | ..............83,529,867 | ............................... | ............................... | ||
17.1 | Other liability - occurrence | ..............92,940,079 | ............................... | ............................... | ..............92,940,079 | ............................... | ............................... | ||
17.2 | Other liability - claims-made | ............... 2,430,044 | ............................... | ............................... | ............... 2,430,044 | ............................... | ............................... | ||
17.3 | Excess workers' compensation | ............................... | ............................... | ............................... | ............................... | ............................... | ............................... | ||
18.1 | Products liability - occurrence | ..............12,038,960 | ............................... | ............................... | ..............12,038,960 | ............................... | ............................... | ||
18.2 | Products liability - claims-made | ............................... | ............................... | ............................... | ............................... | ............................... | ............................... | ||
19.1 | Private passenger auto no-fault (personal | ||||||||
injury protection) | ............... 4,561,925 | ............................... | ............................... | ............... 4,561,925 | ............................... | ............................... | |||
19.2 | Other private passenger auto liability | ............101,074,799 | ............................... | ............................... | ............101,074,799 | ............................... | ............................... | ||
19.3 | Commercial auto no-fault (personal injury | ||||||||
protection) | ...................819,368 | ............................... | ............................... | ...................819,368 | ............................... | ............................... | |||
19.4 | Other commercial auto liability | ..............45,313,060 | ............................... | ............................... | ..............45,313,060 | ............................... | ............................... | ||
21.1 | Private passenger auto physical damage . | ............117,089,973 | ............................... | ............................... | ............117,089,973 | ............................... | ............................... | ||
21.2 | Commercial auto physical damage | ............. 19,486,912 | ............................... | ............................... | ............. 19,486,912 | ............................... | ............................... | ||
22. | Aircraft (all perils) | ............................... | ............................... | ............................... | ............................... | ............................... | ............................... | ||
23. | Fidelity | ............................... | ............................... | ............................... | ............................... | ............................... | ............................... | ||
24. | Surety | ............... 6,637,195 | ............................... | ............................... | ............... 6,637,195 | ............................... | ............................... | ||
26. | Burglary and theft | ...................279,970 | ............................... | ............................... | ...................279,970 | ............................... | ............................... | ||
27. | Boiler and machinery | ............... 1,169,652 | ............................... | ............................... | ............... 1,169,652 | ............................... | ............................... | ||
28. | Credit | ............................... | ............................... | ............................... | ............................... | ............................... | ............................... | ||
29. | International | ............................... | ............................... | ............................... | ............................... | ............................... | ............................... | ||
30. | Warranty | ............................... | ............................... ............................... ............................... ............................... ............................... |
31. Reinsurance - nonproportional assumed
property | XXX | ............................... ............................... ............................... ............................... |
32. Reinsurance - nonproportional assumed
liability | XXX | ............................... ............................... ............................... ............................... |
33. Reinsurance - nonproportional assumed
financial lines | XXX | ............................... ............................... ............................... ............................... |
34. Aggregate write-ins for other lines of business ..................................................
35. | TOTALS | 1,044,602,584 | 109 | 1,044,602,693 | ||||
DETAILS OF WRITE-INS | ||||||||
3401 | ................................. | ................................. | ................................. | ................................. | ................................. | ................................. | ||
3402 | ................................. | ................................. | ................................. | ................................. | ................................. | ................................. | ||
3403 | ................................. | ................................. | ................................. | ................................. | ................................. | ................................. | ||
3498. | Summary of remaining write-ins for Line | |||||||
34 from overflow page | ............................... | ............................... | ............................... | ............................... | ............................... | ............................... | ||
3499. | Totals (Lines 3401 thru 3403 plus | |||||||
3498)(Line 34 above) | ||||||||
(a) Does the company's direct premiums written include premiums recorded on an installment basis? | Yes [ ] | No [ X ] | ||||||
If yes: 1. The amount of such installment premiums $ | ||||||||
2. Amount at which such installment premiums would have been reported had they been reported on an annualized basis $ |
8
9
ANNUAL STATEMENT FOR THE YEAR 2023 OF THE THE CINCINNATI CASUALTY COMPANY
UNDERWRITING AND INVESTMENT EXHIBIT
PART 2 - LOSSES PAID AND INCURRED
Losses Paid Less Salvage | 5 | 6 | 7 | 8 | |||||
1 | 2 | 3 | 4 | Percentage of | |||||
Losses Incurred | |||||||||
Net Losses Unpaid | Losses Incurred | (Col. 7, Part 2) to | |||||||
Reinsurance | Reinsurance | Net Payments | Current Year | Net Losses Unpaid | Current Year | Premiums Earned | |||
Line of Business | Direct Business | Assumed | Recovered | (Cols. 1 + 2 -3 ) | (Part 2A , Col. 8) | Prior Year | (Cols. 4 + 5 - 6) | (Col. 4, Part 1) | |
1. | Fire | ......................... 899,679 | ................................... | 899,679 | ................................... | ................................... | ................................... | ................................... | ................................... |
2.1 | Allied lines | .......................4,418,197 | ................................... | .......................4,418,197 | ................................... | ................................... | ................................... | ................................... | ................................... |
2.2 | Multiple peril crop | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
2.3 | Federal flood | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
2.4 | Private crop | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
2.5 | Private flood | ......................... 190,396 | ................................... | 190,396 | ................................... | ................................... | ................................... | ................................... | ................................... |
3. | Farmowners multiple peril | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
4. | Homeowners multiple peril | ....................155,656,882 | ................................... | ....................155,656,882 | ................................... | ................................... | ................................... | ................................... | ................................... |
5.1 | Commercial multiple peril (non-liability portion) | ..................... 71,697,922 | ................................... | ..................... 71,697,922 | ................................... | ................................... | ................................... | ................................... | ................................... |
5.2 | Commercial multiple peril (liability portion) | ..................... 18,669,344 | ................................... | ..................... 18,669,344 | ................................... | ................................... | ................................... | ................................... | ................................... |
6. | Mortgage guaranty | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
8. | Ocean marine | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
9. | Inland marine | ..................... 10,960,851 | ................................... | ..................... 10,960,851 | ................................... | ................................... | ................................... | ................................... | ................................... |
10. | Financial guaranty | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
11.1 | Medical professional liability - occurrence | ......................... 693,227 | ................................... | ......................... 693,227 | ................................... | ................................... | ................................... | ................................... | ................................... |
11.2 | Medical professional liability - claims-made | ......................... 560,000 | ................................... | 560,000 | ................................... | ................................... | ................................... | ................................... | ................................... |
12. | Earthquake | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
13.1 | Comprehensive (hospital and medical) individual | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
13.2 | Comprehensive (hospital and medical) group | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
14. | Credit accident and health (group and individual) | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
15.1 | Vision only | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
15.2 | Dental only | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
15.3 | Disability income | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
15.4 | Medicare supplement | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
15.5 | Medicaid Title XIX | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
15.6 | Medicare Title XVIII | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
15.7 | Long-term care | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
15.8 | Federal employees health benefits plan | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
15.9 | Other health | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
16. | Workers' compensation | ..................... 48,462,941 | ......................... 257,607 | ..................... 48,720,548 | ................................... | ................................... | ................................... | ................................... | ................................... |
17.1 | Other liability - occurrence | ..................... 34,731,227 | ................................... | 34,731,227 | ................................... | ................................... | ................................... | ................................... | ................................... |
17.2 | Other liability - claims-made | ......................... 351,176 | ................................... | ......................... 351,176 | ................................... | ................................... | ................................... | ................................... | ................................... |
17.3 | Excess workers' compensation | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
18.1 | Products liability - occurrence | .......................3,974,360 | ................................... | .......................3,974,360 | ................................... | ................................... | ................................... | ................................... | ................................... |
18.2 | Products liability - claims-made | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
19.1 | Private passenger auto no-fault (personal injury protection) | ......................... 470,761 | ................................... | 470,761 | ................................... | ................................... | ................................... | ................................... | ................................... |
19.2 | Other private passenger auto liability | ..................... 28,057,462 | ................................... | ..................... 28,057,462 | ................................... | ................................... | ................................... | ................................... | ................................... |
19.3 | Commercial auto no-fault (personal injury protection) | ......................... 204,247 | ................................... | ......................... 204,247 | ................................... | ................................... | ................................... | ................................... | ................................... |
19.4 | Other commercial auto liability | ..................... 30,364,252 | ................................... | ..................... 30,364,252 | ................................... | ................................... | ................................... | ................................... | ................................... |
21.1 | Private passenger auto physical damage | ..................... 64,952,208 | ................................... | ..................... 64,952,208 | ................................... | ................................... | ................................... | ................................... | ................................... |
21.2 | Commercial auto physical damage | ..................... 14,511,283 | ................................... | 14,511,283 | ................................... | ................................... | ................................... | ................................... | ................................... |
22. | Aircraft (all perils) | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
23. | Fidelity | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
24. | Surety | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
26. | Burglary and theft | ...........................75,536 | ................................... | ...........................75,536 | ................................... | ................................... | ................................... | ................................... | ................................... |
27. | Boiler and machinery | ......................... 615,880 | ................................... | 615,880 | ................................... | ................................... | ................................... | ................................... | ................................... |
28. | Credit | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
29. | International | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
30. | Warranty | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
31. | Reinsurance - nonproportional assumed property | ...............XXX | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
32. | Reinsurance - nonproportional assumed liability | ...............XXX | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
33. | Reinsurance - nonproportional assumed financial lines | ...............XXX | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
34. | Aggregate write-ins for other lines of business | ||||||||
35. | TOTALS | 490,517,831 | 257,607 | 490,775,437 | |||||
DETAILS OF WRITE-INS | |||||||||
3401 | .................................... | .................................... | .................................... | .................................... | .................................... | .................................... | .................................... | .................................... | |
3402 | .................................... | .................................... | .................................... | .................................... | .................................... | .................................... | .................................... | .................................... |
3403. | .................................................................................................................................................................... | .................................... | .................................... | .................................... | .................................... | .................................... | .................................... | .................................... | .................................... |
3498. | Summary of remaining write-ins for Line 34 from overflow page | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
3499. | Totals (Lines 3401 thru 3403 plus 3498)(Line 34 above) |
10
ANNUAL STATEMENT FOR THE YEAR 2023 OF THE THE CINCINNATI CASUALTY COMPANY
UNDERWRITING AND INVESTMENT EXHIBIT
PART 2A - UNPAID LOSSES AND LOSS ADJUSTMENT EXPENSES
Reported Losses | Incurred But Not Reported | 8 | 9 | |||||||||
1 | 2 | 3 | 4 | 5 | 6 | 7 | ||||||
Net Losses Excl. | ||||||||||||
Deduct | Incurred But Not | Net Unpaid | ||||||||||
Line of Business | Reinsurance | Reinsurance | Reported | Reinsurance | Reinsurance | Net Losses Unpaid | Loss Adjustment | |||||
Direct | Assumed | Recoverable | (Cols. 1 + 2 - 3) | Direct | Assumed | Ceded | (Cols. 4 + 5 + 6 - 7) | Expenses | ||||
1. | Fire | 147,317 | ................................... | 147,317 | ................................... | 147,000 | ................................... | ......................... | 147,000 | ................................... | ................................... | |
2.1 | Allied lines | .......................1,515,676 | ......................... 641,000 | ......................... | 641,000 | |||||||
.......................1,515,676 | ................................... | ................................... | ................................... | ................................... | ................................... | |||||||
2.2 | Multiple peril crop | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ||
2.3 | Federal flood | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ||
2.4 | Private crop | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ||
2.5 | Private flood | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ||
3. | Farmowners multiple peril | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ||
4. | Homeowners multiple peril | ....................... | 6,786,791 | |||||||||
..................... 48,954,411 | ................................... | ..................... 48,954,411 | ................................... | .......................6,786,791 | ................................... | ................................... | ................................... | |||||
5.1 | Commercial multiple peril (non-liability portion) | ....................... | 5,361,153 | |||||||||
..................... 29,045,725 | ................................... | ..................... 29,045,725 | ................................... | .......................5,361,153 | ................................... | ................................... | ................................... | |||||
5.2 | Commercial multiple peril (liability portion) | ..................... 55,041,469 | ..................... 55,041,469 | ..................... 33,547,000 | ..................... | 33,547,000 | ||||||
................................... | ................................... | ................................... | ................................... | ................................... | ||||||||
6. | Mortgage guaranty | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ||
8. | Ocean marine | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ||
9. | Inland marine | ....................... | 2,665,000 | |||||||||
.......................4,417,520 | ................................... | .......................4,417,520 | ................................... | .......................2,665,000 | ................................... | ................................... | ................................... | |||||
10. | Financial guaranty | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ||
11.1 | Medical professional liability - occurrence | .......................2,999,858 | .......................2,999,858 | .......................3,076,000 | ....................... | 3,076,000 | ||||||
................................... | ................................... | ................................... | ................................... | ................................... | ||||||||
11.2 | ..............................................................Medical professional liability - claims-made | 203,304 | ................................... | 203,304 | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ||
12. | Earthquake | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ||
13.1 | ......................................................Comprehensive (hospital and medical) individual | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | (a) | ................................... | ||
13.2 | ............................................................Comprehensive (hospital and medical) group | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | (a) | ................................... | ||
14. | ......................................................Credit accident and health (group and individual) | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ||
15.1 | Vision only | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | (a) | ................................... | ||
15.2 | Dental only | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | (a) | ................................... | ||
15.3 | Disability income | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | (a) | ................................... | ||
15.4 | Medicare supplement | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | (a) | ................................... | ||
15.5 | Medicaid Title XIX | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | (a) | ................................... | ||
15.6 | Medicare Title XVIII | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | (a) | ................................... | ||
15.7 | Long-term care | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | (a) | ................................... | ||
15.8 | ....................................................................Federal employees health benefits plan | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | (a) | ................................... | ||
15.9 | Other health | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | (a) | ................................... | ||
16. | Workers' compensation | ....................157,156,830 | .......................3,639,756 | ....................160,796,586 | ....................231,648,000 | .......................1,649,213 | .................... | 233,297,213 | ||||
................................... | ................................... | ................................... | ||||||||||
17.1 | Other liability - occurrence | ..................... | 70,842,000 | |||||||||
35,204,963 | ................................... | 35,204,963 | ................................... | 70,842,000 | ................................... | ................................... | ................................... | |||||
17.2 | Other liability - claims-made | 976,350 | 976,350 | 114,145 | ......................... | 114,145 | ||||||
................................... | ................................... | ................................... | ................................... | ................................... | ||||||||
17.3 | .................................................................................Excess workers' compensation | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ||
18.1 | Products liability - occurrence | ....................... | 6,280,000 | |||||||||
..................... 12,719,424 | ................................... | ..................... 12,719,424 | ................................... | .......................6,280,000 | ................................... | ................................... | ................................... | |||||
18.2 | ................................................................................Products liability - claims-made | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ||
19.1 | Private passenger auto no-fault (personal injury protection) | ......................... | 186,353 | |||||||||
1,133,923 | ................................... | 1,133,923 | ................................... | 186,353 | ................................... | ................................... | ................................... | |||||
19.2 | Other private passenger auto liability | 33,575,579 | 33,575,579 | 6,822,647 | ....................... | 6,822,647 | ||||||
................................... | ................................... | ................................... | ................................... | ................................... | ||||||||
19.3 | Commercial auto no-fault (personal injury protection) | ......................... | 285,441 | |||||||||
......................... 544,060 | ................................... | ......................... 544,060 | ................................... | ......................... 285,441 | ................................... | ................................... | ................................... | |||||
19.4 | Other commercial auto liability | ..................... | 22,211,559 | |||||||||
..................... 27,495,020 | ................................... | ..................... 27,495,020 | ................................... | ..................... 22,211,559 | ................................... | ................................... | ................................... | |||||
21.1 | Private passenger auto physical damage | .......................8,007,837 | .......................8,007,837 | .......................1,784,000 | ....................... | 1,784,000 | ||||||
................................... | ................................... | ................................... | ................................... | ................................... | ||||||||
21.2 | Commercial auto physical damage | ......................... | 957,000 | |||||||||
696,597 | ................................... | 696,597 | ................................... | 957,000 | ................................... | ................................... | ................................... | |||||
22. | Aircraft (all perils) | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ||
23. | Fidelity | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ||
24. | Surety | ......................... | 753,000 | |||||||||
...........................23,191 | ................................... | ...........................23,191 | ................................... | ......................... 753,000 | ................................... | ................................... | ................................... | |||||
26. | Burglary and theft | ............................ 2,791 | ............................ 2,791 | ...........................22,911 | ........................... | 22,911 | ||||||
................................... | ................................... | ................................... | ................................... | ................................... | ||||||||
27. | Boiler and machinery | ......................... | 267,000 | |||||||||
1,887,255 | ................................... | 1,887,255 | ................................... | 267,000 | ................................... | ................................... | ................................... | |||||
28. | Credit | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ||
29. | International | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ||
30. | Warranty | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ||
31. | ......................................................Reinsurance - nonproportional assumed property | ...............XXX | ................................... | ................................... | ................................... | ...............XXX | ................................... | ................................... | ................................... | ................................... | ||
32. | ........................................................Reinsurance - nonproportional assumed liability | ...............XXX | ................................... | ................................... | ................................... | ...............XXX | ................................... | ................................... | ................................... | ................................... | ||
33. | ..............................................Reinsurance - nonproportional assumed financial lines | ...............XXX | ................................... | ................................... | ................................... | ...............XXX | ................................... | ................................... | ................................... | ................................... | ||
34. | Aggregate write-ins for other lines of business | |||||||||||
35. | TOTALS | 421,749,100 | 3,639,756 | 425,388,856 | 394,398,000 | 1,649,213 | 396,047,213 | |||||
DETAILS OF WRITE-INS | ||||||||||||
3401 | .................................... | .................................... | .................................... | .................................... | .................................... | .................................... | .................................... | .................................... | .................................... | |||
3402 | .................................... | .................................... | .................................... | .................................... | .................................... | .................................... | .................................... | .................................... | .................................... | |||
3403 | .................................... | .................................... | .................................... | .................................... | .................................... | .................................... | .................................... | .................................... | .................................... | |||
3498. | ...............................Summary of remaining write-ins for Line 34 from overflow page | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ||
3499. | Totals (Lines 3401 thru 3403 plus 3498)(Line 34 above) | |||||||||||
(a) Including $ | for present value of life indemnity claims reported in Lines 13 and 15. |
ANNUAL STATEMENT FOR THE YEAR 2023 OF THE THE CINCINNATI CASUALTY COMPANY
UNDERWRITING AND INVESTMENT EXHIBIT
PART 3 - EXPENSES
1 | 2 | 3 | 4 | |||||
Loss Adjustment | Other Underwriting | Investment | ||||||
Expenses | Expenses | Expenses | Total | |||||
1. | Claim adjustment services: | |||||||
1.1 | Direct | ................. | 35,499,588 | |||||
................. 35,499,588 | ................................... | ................................... | ||||||
1.2 | Reinsurance assumed | ................................... | ................................... | ................................... | ................................... | |||
1.3 | Reinsurance ceded | 35,499,588 | 35,499,588 | |||||
1.4 | ..........................................Net claim adjustment service (1.1 + 1.2 - 1.3) | ................................... | ................................... | ................................... | ................................... | |||
2. | Commission and brokerage: | |||||||
2.1 | Direct excluding contingent | 152,064,470 | ................ | 152,064,470 | ||||
................................... | ................................... | |||||||
2.2 | Reinsurance assumed, excluding contingent | ........................ | 30,780 | |||||
................................... | ........................ 30,780 | ................................... | ||||||
2.3 | Reinsurance ceded, excluding contingent | ............... 152,095,250 | ............... | 152,095,250 | ||||
................................... | ................................... | |||||||
2.4 | Contingent - direct | ................. 25,560,000 | ................. | 25,560,000 | ||||
................................... | ................................... | |||||||
2.5 | ...........................................................Contingent - reinsurance assumed | ................................... | ................................... | ................................... | ................................... | |||
2.6 | Contingent - reinsurance ceded | ................................... | 25,560,000 | ................................... | ................. | 25,560,000 | ||
2.7 | Policy and membership fees | |||||||
2.8 | ..Net commission and brokerage (2.1 + 2.2 - 2.3 + 2.4 + 2.5 - 2.6 + 2.7) | ................................... | ................................... | ................................... | ................................... | |||
3. | ..............................................................Allowances to managers and agents | ................................... | ................................... | ................................... | ................................... | |||
4. | Advertising | ............................... 15 | ............................... | 15 | ||||
................................... | ................................... | |||||||
5. | .................................................................Boards, bureaus and associations | ................................... | ................................... | ................................... | ................................... | |||
6. | ...................................................................Surveys and underwriting reports | ................................... | ................................... | ................................... | ................................... | |||
7. | ..............................................................................Audit of assureds' records | ................................... | ................................... | ................................... | ................................... | |||
8. | Salary and related items: | |||||||
8.1 | Salaries | ...................... | 119,516 | |||||
................................... | ................................... | ...................... 119,516 | ||||||
8.2 | Payroll taxes | ..........................5,431 | .......................... | 5,431 | ||||
................................... | ................................... | |||||||
9. | Employee relations and welfare | ........................ 45,332 | ........................ | 45,332 | ||||
................................... | ................................... | |||||||
10. | ........................................................................................................Insurance | ................................... | ................................... | ................................... | ................................... | |||
11. | .................................................................................................Directors' fees | ................................... | ................................... | ................................... | ................................... | |||
12. | Travel and travel items | ............................. | 627 | |||||
................................... | ................................... | ............................. 627 | ||||||
13. | Rent and rent items | .......................... 3,039 | .......................... | 3,039 | ||||
................................... | ................................... | |||||||
14. | Equipment | .......................203,393 | ....................... | 203,393 | ||||
................................... | ................................... | |||||||
15. | ...................................Cost or depreciation of EDP equipment and software | ................................... | ................................... | ................................... | ................................... | |||
16. | Printing and stationery | 126 | ............................. | 126 | ||||
................................... | ................................... | |||||||
17. | Postage, telephone and telegraph, exchange and express | 5 | ................................. | 5 | ||||
................................... | ................................... | |||||||
18. | Legal and auditing | 40,486 | 40,486 | |||||
19. | Totals (Lines 3 to 18) | ................................... | ................................... | 417,969 | ...................... | 417,969 | ||
20. | Taxes, licenses and fees: | |||||||
20.1 State and local insurance taxes deducting guaranty association | ||||||||
credits of $ | ..................................................... | ................................... | ................................... | ................................... | ................................... | |||
................................................20.2 Insurance department licenses and fees | ................................... | ................................... | ................................... | ................................... | ||||
..............................................20.3 Gross guaranty association assessments | ................................... | ................................... | ................................... | ................................... | ||||
20.4 All other (excluding federal and foreign income and real estate) | ||||||||
....................20.5 Total taxes, licenses and fees (20.1 + 20.2 + 20.3 + 20.4) | ................................... | ................................... | ................................... | ................................... | ||||
21. | .....................................................................................Real estate expenses | ................................... | ................................... | ................................... | ................................... | |||
22. | ............................................................................................Real estate taxes | ................................... | ................................... | ................................... | ................................... | |||
23. | .............................................................Reimbursements by uninsured plans | ................................... | ................................... | ................................... | ................................... | |||
24. | ...........................................Aggregate write-ins for miscellaneous expenses | ................................... | ................................... | ................................... | ................................... | |||
25. | .................................................................................Total expenses incurred | ................................... | ................................... | ...................... 417,969 | (a) | 417,969 | ||
26. | Less unpaid expenses - current year | ..........................5,050 | .......................... | 5,050 | ||||
................................... | ................................... | |||||||
27. | Add unpaid expenses - prior year | ................................... | ................................... | 6,033 | .......................... | 6,033 | ||
28. | Amounts receivable relating to uninsured plans, prior year | ................................... | ................................... | ................................... | ................................... | |||
29. | ........................Amounts receivable relating to uninsured plans, current year | |||||||
30. | TOTAL EXPENSES PAID (Lines 25 - 26 + 27 - 28 + 29) | 418,952 | 418,952 | |||||
DETAILS OF WRITE-INS | ||||||||
2401 | .................................... | .................................... | .................................... | |||||
2402 | .................................... | .................................... | .................................... | |||||
2403 | .................................... | .................................... | .................................... | |||||
2498. | ...................Summary of remaining write-ins for Line 24 from overflow page | ................................... | ................................... | ................................... | ................................... | |||
2499. | Totals (Lines 2401 thru 2403 plus 2498)(Line 24 above) | |||||||
(a) Includes management fees of $ | to affiliates and $ | to non-affiliates. |
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Cincinnati Financial Corporation published this content on 21 February 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 March 2024 18:22:18 UTC.
