ANNUAL STATEMENT FOR THE YEAR 2023 OF THE THE CINCINNATI INSURANCE 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) | 8,208,013,588 | ................................... | 8,208,013,588 | 7,306,257,086 | |||
2. | Stocks (Schedule D): | |||||||
2.1 Preferred stocks | 339,488,020 | ................................... | 339,488,020 | 377,601,720 | ||||
2.2 Common stocks | ....................................................................................... | 7,230,580,493 | ................................... | 7,230,580,493 | 6,502,273,204 | |||
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) | ....................................................................................... | 7,489,471 | ................................... | 7,489,471 | 7,690,791 | |||
4.2 Properties held for | the production of income (less | |||||||
$ | encumbrances) | ................................... | ................................... | ................................... | ................................... | |||
4.3 Properties held for sale (less $ | ||||||||
encumbrances) | ....................................................................................... | ................................... | ................................... | ................................... | ................................... | |||
5. | Cash ($ | 525,992,881 , Schedule E - Part 1), cash equivalents | ||||||
($ | , Schedule E - Part 2) and short-term | |||||||
investments ($ | , Schedule DA) | 525,992,881 | ................................... | 525,992,881 | 854,207,065 | |||
6. | Contract loans (including $ | premium notes) | ................................... | ................................... | ................................... | ................................... | ||
7. | Derivatives (Schedule DB) | ................................... | ................................... | ................................... | ................................... | |||
8. | Other invested assets (Schedule BA) | 822,998,413 | ................................... | 822,998,413 | 708,525,684 | |||
9. | Receivable for securities | 1,176,261 | ................................... | 1,176,261 | 174,508 | |||
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) | 17,135,739,128 | ................................... | 17,135,739,128 | 15,756,730,058 | |||
13. | Title plants less $ | charged off (for Title insurers | ||||||
only) | ................................... | ................................... | ................................... | ................................... | ||||
14. | .............................................................Investment income due and accrued | ............... 108,256,405 | ................................... | ............... 108,256,405 | ................. 90,606,450 | |||
15. | Premiums and considerations: | |||||||
15.1 Uncollected premiums and agents' balances in the course of collection | 647,144,661 | 27,060,157 | 620,084,504 | 542,839,292 | ||||
15.2 Deferred premiums, agents' balances and installments booked but | ||||||||
.................deferred and not yet due (including $ | 72,728,858 | |||||||
............................................................earned but unbilled premiums) | ............ 1,807,301,347 | ................... 7,272,886 | ............ 1,800,028,461 | ............ 1,627,149,005 | ||||
15.3 Accrued retrospective premiums ($ | ) and | |||||||
contracts subject to redetermination ($ | ) | ................................... ................................... ................................... ................................... |
16. Reinsurance:
16.1 | Amounts recoverable from reinsurers | ................. 59,229,197 | ...................... 589,150 | ................. 58,640,047 | ................. 25,417,160 | |
16.2 | Funds held by or deposited with reinsured companies | ................. 15,764,162 | ................................... | ................. 15,764,162 | ................. 15,800,319 | |
16.3 | Other amounts receivable under reinsurance contracts | ................................... | ................................... | ................................... | ................................... | |
17. | Amounts receivable relating to uninsured plans | ................................... | ................................... | ................................... | ................................... | |
18.1 | Current federal and foreign income tax recoverable and interest thereon .... | ................................... | ................................... | ................................... | ................. 14,186,688 | |
18.2 | ...................................................................................Net deferred tax asset | ................................... | ................................... | ................................... | ................................... | |
19. | ......................................................Guaranty funds receivable or on deposit | ................................... | ................................... | ................................... | ................................... | |
20. | Electronic data processing equipment and software | 31,457,824 | 30,651,940 | 805,884 | 978,724 |
21. Furniture and equipment, including health care delivery assets
($ | ) | 1,349,288 | 1,349,288 | ................................... | ................................... | |
22. | .........Net adjustment in assets and liabilities due to foreign exchange rates | ................................... | ................................... | ................................... | ................................... | |
23. | .....................................Receivables from parent, subsidiaries and affiliates | ................. 17,729,695 | ................................... | ................. 17,729,695 | ................. 19,138,383 | |
24. | Health care ($ | ) and other amounts receivable | ................................... | ................................... | ................................... | ................................... |
25. | Aggregate write-ins for other than invested assets | 56,504,475 | 21,616,903 | 34,887,572 | 21,849,570 |
26. Total assets excluding Separate Accounts, Segregated Accounts and
Protected Cell Accounts (Lines 12 to 25) | 19,880,476,182 | 88,540,324 | 19,791,935,858 | 18,114,695,649 | |
27. | From Separate Accounts, Segregated Accounts and Protected Cell | ||||
Accounts | ................................... | ................................... | ................................... | ................................... | |
28. | Total (Lines 26 and 27) | 19,880,476,182 | 88,540,324 | 19,791,935,858 | 18,114,695,649 |
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. | Equities and Deposits in Pools and Associations | 19,143,248 | ................................... | 19,143,248 | 17,809,404 |
2502. | Miscellaneous Receivables | ................. 37,361,227 | ................. 21,616,903 | ................. 15,744,324 | ...................4,040,166 |
2503 | .................................... | .................................... | .................................... | .................................... | |
2598. | Summary of remaining write-ins for Line 25 from overflow page | ................................... | ................................... | ................................... | ................................... |
2599. | Totals (Lines 2501 thru 2503 plus 2598)(Line 25 above) | 56,504,475 | 21,616,903 | 34,887,572 | 21,849,570 |
2
ANNUAL STATEMENT FOR THE YEAR 2023 OF THE THE CINCINNATI INSURANCE COMPANY
LIABILITIES, SURPLUS AND OTHER FUNDS
1 | 2 | |||||
Current Year | Prior Year | |||||
1. | Losses (Part 2A, Line 35, Column 8) | ........................................................................................................................................ | ............ 6,154,446,737 | ............ 5,757,181,485 | ||
2. | Reinsurance payable on paid losses and loss adjustment expenses (Schedule F, Part 1, Column 6) | ................. 86,984,250 | ................. 71,879,568 | |||
3. | .........................................................................................................Loss adjustment expenses (Part 2A, Line 35, Column 9) | ............ 1,363,279,073 | ............ 1,246,208,402 | |||
4. | .............................................................................Commissions payable, contingent commissions and other similar charges | ................281,333,707 | ................251,667,176 | |||
5. | ...............................................................................................................Other expenses (excluding taxes, licenses and fees) | ................. 76,214,990 | ................. 58,263,331 | |||
6. | ...................................................................................Taxes, licenses and fees (excluding federal and foreign income taxes) | ................. 25,336,259 | ................. 23,006,902 | |||
7.1 | .....................Current federal and foreign income taxes (including $ | (555,925) | on realized capital gains (losses)) | ................. 21,991,300 | ................................... | |
7.2 | Net deferred tax liability | ................503,231,093 | ................447,322,326 | |||
8. | Borrowed money $ | and interest thereon $ | .......................................... | ................................... | ................................... |
9. Unearned premiums (Part 1A, Line 38, Column 5) (after deducting unearned premiums for ceded reinsurance of
$ | 41,583,788 | 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) | ............ 3,678,080,293 | ............ 3,299,213,929 | |||||
10. | .....................................................................................................................................................................Advance premium | ................. 27,560,307 | ................. 23,969,364 | ||||
11. | Dividends declared and unpaid: | ||||||
......................................................................................................................................................................11.1 Stockholders | ................................... | ............... 100,000,000 | |||||
.....................................................................................................................................................................11.2 Policyholders | ...................6,090,000 | ................... 7,720,000 | |||||
12. | ........................................................................................Ceded reinsurance premiums payable (net of ceding commissions) | ................. 46,382,208 | ................. 52,010,136 | ||||
13. | Funds held by company under reinsurance treaties (Schedule F, Part 3, Column 20) | ............................................................. | ................... 4,197,026 | ................... 6,754,546 | |||
14. | Amounts withheld or retained by company for account of others | .............................................................................................. | ................. 11,819,112 | ................. 10,621,898 | |||
15. | Remittances and items not allocated | ........................ 16,988 | ................................... | ||||
16. | ...................................Provision for reinsurance (including $ | .........................certified) (Schedule F, Part 3, Column 78) | ................... 1,435,903 | ...................2,925,058 | |||
17. | ...................................................................................Net adjustments in assets and liabilities due to foreign exchange rates | ................................... | ................................... | ||||
18. | .....................................................................................................................................................................Drafts outstanding | ................................... | ................................... | ||||
19. | ............................................................................................................................Payable to parent, subsidiaries and affiliates | ................. 57,587,603 | ................. 41,556,307 | ||||
20. | Derivatives | ................................... | ................................... | ||||
21. | ................................................................................................................................................................Payable for securities | ................. 17,110,256 | ...................4,068,062 | ||||
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 | 134,884,756 | 198,635,190 | ||||
26. | Total liabilities excluding protected cell liabilities (Lines 1 through 25) | .......... 12,497,981,859 | .......... 11,603,003,678 | ||||
27. | Protected cell liabilities | ||||||
28. | Total liabilities (Lines 26 and 27) | .......... 12,497,981,859 | .......... 11,603,003,678 | ||||
29. | ............................................................................................................................Aggregate write-ins for special surplus funds | ................................... | ................................... | ||||
30. | ...............................................................................................................................................................Common capital stock | ................... 3,586,355 | ................... 3,586,355 | ||||
31. | ...............................................................................................................................................................Preferred capital stock | ................................... | ................................... | ||||
32. | ...........................................................................................................Aggregate write-ins for other than special surplus funds | ................................... | ................................... | ||||
33. | Surplus notes | ................................... | ................................... | ||||
34. | .......................................................................................................................................Gross paid in and contributed surplus | ................363,410,416 | ................363,410,416 | ||||
35. | .......................................................................................................................................................Unassigned funds (surplus) | ............ 6,926,957,228 | ............ 6,144,695,201 | ||||
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) | 7,293,953,999 | 6,511,691,972 | ||||
38. | TOTALS (Page 2, Line 28, Col. 3) | 19,791,935,858 | 18,114,695,649 | ||||
DETAILS OF WRITE-INS | |||||||
2501. | .......................................................................................................................................................Accounts Payable --Other | ................. 45,633,656 | ................. 41,296,878 | ||||
2502. | Liability for Unfunded Commitments | 89,251,100 | ................157,338,312 | ||||
2503 | .................................... | ||||||
2598. | Summary of remaining write-ins for Line 25 from overflow page | .............................................................................................. | ................................... | ................................... | |||
2599. | Totals (Lines 2501 thru 2503 plus 2598)(Line 25 above) | 134,884,756 | 198,635,190 | ||||
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 INSURANCE COMPANY
STATEMENT OF INCOME
1 | 2 | |||
Current Year | Prior Year | |||
UNDERWRITING INCOME | ||||
1. | Premiums earned (Part 1, Line 35, Column 4) | 6,843,071,475 | 6,237,671,303 | |
DEDUCTIONS: | ||||
2. | Losses incurred (Part 2, Line 35, Column 7) | ............ 3,826,542,697 | ............ 3,703,838,034 | |
3. | Loss adjustment expenses incurred (Part 3, Line 25, Column 1) | ................675,529,737 | ................590,370,381 | |
4. | Other underwriting expenses incurred (Part 3, Line 25, Column 2) | |||
2,092,961,264 | 1,923,932,409 | |||
5. | Aggregate write-ins for underwriting deductions | ................................... | ................................... | |
6. | Total underwriting deductions (Lines 2 through 5) | 6,595,033,699 | 6,218,140,824 | |
7. | Net income of protected cells | ................................... | ................................... | |
8. | Net underwriting gain (loss) (Line 1 minus Line 6 plus Line 7) | |||
................248,037,776 | ................. 19,530,479 | |||
INVESTMENT INCOME | ||||
9. | ............................................................................Net investment income earned (Exhibit of Net Investment Income, Line 17) | ................550,724,315 | ................491,317,700 | |
10. | Net realized capital gains (losses) less capital gains tax of $ | (3,142,433) (Exhibit of Capital | ||
Gains (Losses) ) | (61,021,891) | 50,303,861 | ||
11. | Net investment gain (loss) (Lines 9 + 10) | 489,702,424 | 541,621,561 | |
OTHER INCOME |
12. Net gain (loss) from agents' or premium balances charged off (amount recovered
$ | 5,331,868 amount charged off $ | 9,259,823 | ) | ................. (3,927,956) | ................. (2,948,222) | |
13. | ...........................................................................................................Finance and service charges not included in premiums | 8,063,276 | ...................8,014,580 | |||
14. | Aggregate write-ins for miscellaneous income | 1,622,223 | 1,550,535 | |||
15. | ..................................................................................................................................Total other income (Lines 12 through 14) | 5,757,544 | 6,616,892 | |||
16. | Net income before dividends to policyholders, after capital gains tax and before all other federal and foreign income taxes | |||||
(Lines 8 + 11 + 15) | 743,497,744 | 567,768,932 | ||||
17. | Dividends to policyholders | 5,268,276 | 6,374,458 | |||
18. | Net income, after dividends to policyholders, after capital gains tax and before all other federal and foreign income taxes | |||||
(Line 16 minus Line 17) | 738,229,467 | 561,394,474 | ||||
19. | Federal and foreign income taxes incurred | 130,814,556 | 41,097,531 | |||
20. | .......................................................................................................................Net income (Line 18 minus Line 19)(to Line 22) | 607,414,912 | 520,296,943 | |||
CAPITAL AND SURPLUS ACCOUNT | ||||||
21. | Surplus as regards policyholders, December 31 prior year (Page 4, Line 39, Column 2) | ............ 6,511,691,972 | ............ 7,246,752,970 | |||
22. | Net income (from Line 20) | 607,414,912 | 520,296,943 | |||
23. | ........................................................................................................................Net transfers (to) from Protected Cell accounts | ................................... | ................................... | |||
24. | Change in net unrealized capital gains or (losses) less capital gains tax of $ | 101,235,710 | ................564,065,361 | ..............(543,667,890) | ||
25. | .................................................................................................Change in net unrealized foreign exchange capital gain (loss) | ................................... | ................................... | |||
26. | ...........................................................................................................................................Change in net deferred income tax | ................. 45,326,944 | ................. 27,776,994 | |||
27. | Change in nonadmitted assets (Exhibit of Nonadmitted Assets, Line 28, Col. 3) | |||||
..................................................................... | (10,034,344) | (9,981,121) | ||||
28. | ................................................................Change in provision for reinsurance (Page 3, Line 16, Column 2 minus Column 1) | ...................1,489,155 | .....................(485,925) | |||
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 | ..............(426,000,000) | ..............(729,000,000) | |||
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) | 782,262,028 | (735,060,998) | |||
39. | Surplus as regards policyholders, December 31 current year (Line 21 plus Line 38) (Page 3, Line 37) | 7,293,953,999 | 6,511,691,972 | |||
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. | Collection Fees | 1,522,969 | 1,411,358 |
1402. | Miscellaneous Interest | ........................ 99,254 | .......................139,177 |
1403 | .................................... | ||
1498. | Summary of remaining write-ins for Line 14 from overflow page | ................................... | ................................... |
1499. | Totals (Lines 1401 thru 1403 plus 1498)(Line 14 above) | 1,622,223 | 1,550,535 |
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 INSURANCE COMPANY
CASH FLOW
Cash from Operations
1
Current Year
2
Prior Year
1. | Premiums collected net of reinsurance | ............ 6,970,525,255 | ............ 6,386,039,866 | |
2. | Net investment income | ............... 594,999,621 | ................535,325,969 | |
3. | Miscellaneous income | 4,748,981 | (7,274,247) | |
4. | Total (Lines 1 through 3) | 7,570,273,858 | 6,914,091,588 | |
5. | Benefit and loss related payments | ............ 4,005,696,079 | ............ 3,419,748,259 | |
6. | .......................................................Net transfers to Separate Accounts, Segregated Accounts and Protected Cell Accounts | ................................... | ................................... | |
7. | Commissions, expenses paid and aggregate write-ins for deductions | ............ 2,034,509,542 | ............ 1,907,155,403 | |
8. | Dividends paid to policyholders | ................... 6,898,276 | ................... 7,234,458 | |
9. | Federal and foreign income taxes paid (recovered) net of $ | 4,227,013 tax on capital gains (losses) | 91,494,135 | 82,047,735 |
10. | Total (Lines 5 through 9) | 6,138,598,033 | 5,416,185,855 | |
11. | Net cash from operations (Line 4 minus Line 10) | 1,431,675,825 | 1,497,905,733 | |
Cash from Investments
12. Proceeds from investments sold, matured or repaid:
12.1 | Bonds | 613,437,716 | 582,246,313 | |
12.2 | Stocks | 67,504,042 | 234,161,467 | |
12.3 | Mortgage loans | ................................... | ................................... | |
12.4 | Real estate | ................................... | ................................... | |
12.5 | Other invested assets | 9,527,615 | 25,901,355 | |
12.6 | Net gains or (losses) on cash, cash equivalents and short-term investments | ................................... | ...................... 969,063 | |
12.7 | Miscellaneous proceeds | 13,042,194 | 3,854,485 | |
12.8 Total investment proceeds (Lines 12.1 to 12.7) | ................703,511,567 | ................847,132,682 | ||
13. | Cost of investments acquired (long-term only): | |||
13.1 | Bonds | ............ 1,532,395,288 | ............ 1,108,639,790 | |
13.2 | Stocks | ................146,688,667 | ................273,684,436 | |
13.3 | Mortgage loans | ................................... | ................................... | |
13.4 | Real estate | ........................ 67,523 | ................................... | |
13.5 | Other invested assets | ............... 245,541,280 | ................175,188,248 | |
13.6 | Miscellaneous applications | 1,001,752 | ||
13.7 | Total investments acquired (Lines 13.1 to 13.6) | 1,925,694,511 | 1,557,512,474 | |
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) | (1,222,182,943) | (710,379,792) | |
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 | ............... 526,000,000 | ................729,000,000 | ||
...........................................................................................................................................16.6 Other cash provided (applied) | (11,707,064) | 59,598,705 | ||
17. | Net cash from financing and miscellaneous sources (Lines 16.1 to 16.4 minus Line 16.5 plus Line 16.6) | (537,707,064) | (669,401,295) | |
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) | (328,214,183) | 118,124,647 | |
19. | Cash, cash equivalents and short-term investments: | |||
...............................................................................................................................................................19.1 Beginning of year | ................854,207,065 | ................736,082,418 | ||
19.2 End of period (Line 18 plus Line 19.1) | 525,992,881 | 854,207,065 |
Note: Supplemental disclosures of cash flow information for non-cash transactions:
5
ANNUAL STATEMENT FOR THE YEAR 2023 OF THE THE CINCINNATI INSURANCE COMPANY
UNDERWRITING AND INVESTMENT EXHIBIT
PART 1 - PREMIUMS EARNED
1 | 2 | 3 | 4 | |
Unearned Premiums | Unearned Premiums | |||
Net Premiums | Dec. 31 Prior Year - | Dec. 31 Current | Premiums Earned | |
Written per | per Col. 3, | Year - per Col. 5 | During Year | |
Line of Business | Column 6, Part 1B | Last Year's Part 1 | Part 1A | (Cols. 1 + 2 - 3) |
1. | Fire | 126,484,681 | 57,636,348 | 67,514,465 | 116,606,564 |
2.1 | Allied lines | ................176,239,353 | ................. 81,115,185 | ................. 97,068,968 | ................160,285,570 |
2.2 | Multiple peril crop | ................................... | ................................... | ................................... | ................................... |
2.3 | Federal flood | ................................... | ................................... | ................................... | ................................... |
2.4 | Private crop | ................................... | ................................... | ................................... | ................................... |
2.5 | Private flood | ................... 2,286,766 | ................... 1,053,142 | ................... 1,258,742 | ...................2,081,165 |
3. | Farmowners multiple peril | ................................... | ................................... | ................................... | ................................... |
4. | Homeowners multiple peril | 1,143,968,881 | 492,192,880 | 633,124,435 | 1,003,037,326 |
5.1 | Commercial multiple peril (non-liability portion) | 984,713,803 | 462,506,079 | 529,373,720 | 917,846,161 |
5.2 | Commercial multiple peril (liability portion) | ................575,983,104 | ................215,031,103 | ............... 216,941,540 | ................574,072,667 |
6. | Mortgage guaranty | ................................... | ................................... | ................................... | ................................... |
8. | Ocean marine | ................. 12,150,636 | ...................9,514,041 | ................... 8,909,536 | ................. 12,755,141 |
9. | Inland marine | ................285,273,887 | ................156,326,835 | ................149,307,928 | ................292,292,794 |
10. | Financial guaranty | ................................... | ................................... | ................................... | ................................... |
11.1 | Medical professional liability - occurrence | ................. 24,325,824 | ................. 13,515,917 | ................. 12,399,989 | ................. 25,441,751 |
11.2 | Medical professional liability - claims-made | ................. 10,490,835 | ................... 5,559,719 | ................... 6,335,986 | ................... 9,714,567 |
12. | Earthquake | ................. 42,181,970 | ................. 20,615,199 | ................. 23,157,238 | ................. 39,639,930 |
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 | .......................131,633 | ................................... | ........................ 62,500 | ........................ 69,133 |
16. | Workers' compensation | ................261,218,743 | ................. 96,482,652 | ................. 79,844,089 | ................277,857,307 |
17.1 | Other liability - occurrence | ................976,219,419 | ................451,313,987 | ................484,755,848 | ................942,777,558 |
17.2 | Other liability - claims-made | ................317,024,840 | ................209,268,717 | ................187,601,522 | ................338,692,035 |
17.3 | Excess workers' compensation | 685,138 | 454,488 | 377,938 | 761,688 |
18.1 | Products liability - occurrence | ................103,383,984 | ................. 41,585,558 | ................. 42,756,353 | ................102,213,189 |
18.2 | Products liability - claims-made | ........................ 38,130 | ........................ 17,254 | ........................ 18,711 | ........................ 36,673 |
19.1 | Private passenger auto no-fault (personal injury protection) | ................. 16,885,202 | ................... 7,862,550 | ...................8,911,459 | ................. 15,836,292 |
19.2 | Other private passenger auto liability | ................381,282,105 | ............... 162,522,099 | ............... 196,500,845 | ................347,303,358 |
19.3 | Commercial auto no-fault (personal injury protection) | 6,603,959 | 3,088,401 | 3,029,771 | 6,662,589 |
19.4 | Other commercial auto liability | ................619,345,085 | ................288,367,743 | ................294,944,132 | ................612,768,695 |
21.1 | Private passenger auto physical damage | ................429,345,904 | ................174,074,900 | ............... 226,664,510 | ................376,756,294 |
21.2 | Commercial auto physical damage | ................254,113,117 | ................114,235,893 | ................120,947,092 | ................247,401,918 |
22. | Aircraft (all perils) | ................. 24,942,254 | ...................8,410,294 | ................. 18,542,248 | ................. 14,810,300 |
23. | Fidelity | 1,401,520 | 2,408,373 | 1,615,168 | 2,194,725 |
24. | Surety | ................. 82,586,836 | ................. 40,461,285 | ................. 44,103,691 | ................. 78,944,430 |
26. | Burglary and theft | ................. 18,837,412 | ................... 9,350,939 | ................... 9,117,397 | ................. 19,070,954 |
27. | Boiler and machinery | ................. 36,068,168 | ................. 15,232,024 | ................. 17,051,003 | ................. 34,249,189 |
28. | Credit | ................... 9,018,077 | ................. 11,878,718 | ................... 9,626,301 | ................. 11,270,494 |
29. | International | ................................... | ................................... | ................................... | ................................... |
30. | Warranty | ................................... | ................................... | ................................... | ................................... |
31. | Reinsurance - nonproportional assumed property | ................193,204,864 | ................. 42,003,130 | ................. 53,841,489 | ................181,366,505 |
32. | Reinsurance - nonproportional assumed liability | ................. 84,235,065 | ................. 53,666,264 | ................. 59,646,817 | ................. 78,254,513 |
33. | Reinsurance - nonproportional assumed financial lines | ................................... | ................................... | ................................... | ................................... |
34. | Aggregate write-ins for other lines of business | ||||
35. | TOTALS | 7,200,671,196 | 3,247,751,714 | 3,605,351,435 | 6,843,071,475 |
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)
.................................... .................................... .................................... ....................................
.................................... .................................... .................................... ....................................
.................................... .................................... .................................... ....................................
................................... ................................... ................................... ...................................
6
ANNUAL STATEMENT FOR THE YEAR 2023 OF THE THE CINCINNATI INSURANCE COMPANY
UNDERWRITING AND INVESTMENT EXHIBIT
PART 1A - RECAPITULATION OF ALL PREMIUMS
1 | 2 | 3 | 4 | 5 | |
Reserve for Rate | |||||
Amount Unearned | Amount Unearned | Credits and | |||
(Running One Year | (Running More Than | Retrospective | Total Reserve for | ||
or Less from Date | One Year from | Earned But Unbilled | Adjustments Based | Unearned Premiums | |
Line of Business | of Policy) (a) | Date of Policy) (a) | Premium | on Experience | Cols. 1 + 2 + 3 + 4 |
1. | Fire | 67,514,465 | ................................... | ................................... | 67,514,465 | ||
2.1 | Allied lines | ................. 97,068,968 | ................................... | ................................... | ................................... | ................. 97,068,968 | |
2.2 | Multiple peril crop | ................................... | ................................... | ................................... | ................................... | ................................... | |
2.3 | Federal flood | ................................... | ................................... | ................................... | ................................... | ................................... | |
2.4 | Private crop | ................................... | ................................... | ................................... | ................................... | ................................... | |
2.5 | Private flood | ................... 1,258,742 | ................................... | ................................... | ................................... | ................... 1,258,742 | |
3. | Farmowners multiple peril | ................................... | ................................... | ................................... | ................................... | ................................... | |
4. | Homeowners multiple peril | ||||||
................633,124,435 | ................................... | ................................... | ................................... | 633,124,435 | |||
5.1 | Commercial multiple peril (non-liability portion) | ................529,373,720 | ................................... | ................................... | ................................... | ................529,373,720 | |
5.2 | Commercial multiple peril (liability portion) | ................248,449,473 | ............................. 104 | ................(31,508,037) | ................................... | ............... 216,941,540 | |
6. | Mortgage guaranty | ................................... | ................................... | ................................... | ................................... | ................................... | |
8. | Ocean marine | ................... 8,909,536 | ................................... | ................................... | ................................... | ................... 8,909,536 | |
9. | Inland marine | ||||||
................137,917,415 | 11,390,513 | ................................... | ................................... | 149,307,928 | |||
10. | Financial guaranty | ................................... | ................................... | ................................... | ................................... | ................................... | |
11.1 | Medical professional liability - occurrence | ................. 12,399,989 | ................................... | ................................... | ................................... | ................. 12,399,989 | |
11.2 | Medical professional liability - claims-made | ................... 6,335,986 | ................................... | ................................... | ................................... | ................... 6,335,986 | |
12. | Earthquake | ................. 23,157,238 | ................................... | ................................... | ................................... | ................. 23,157,238 | |
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 | ........................ 62,500 | ................................... | ................................... | ................................... | ........................ 62,500 | |
16. | Workers' compensation | ................103,134,642 | ................................... | ................(23,290,553) | ................................... | ................. 79,844,089 | |
17.1 | Other liability - occurrence | ............... 500,288,422 | ...................... 443,445 | ................(15,976,019) | ................................... | ................484,755,848 | |
17.2 | Other liability - claims-made | ............... 185,488,944 | ................... 2,112,578 | ................................... | ................................... | ................187,601,522 | |
17.3 | Excess workers' compensation | ||||||
.......................377,938 | ................................... | ................................... | ................................... | 377,938 | |||
18.1 | Products liability - occurrence | ................. 43,662,082 | ...................1,048,521 | ................. (1,954,249) | ................................... | ................. 42,756,353 | |
18.2 | Products liability - claims-made | ........................ 18,711 | ................................... | ................................... | ................................... | ........................ 18,711 | |
19.1 | Private passenger auto no-fault (personal injury | ||||||
protection) | ...................8,911,459 | ................................... | ................................... | ................................... | ...................8,911,459 | ||
19.2 | Other private passenger auto liability | ............... 196,500,845 | ................................... | ................................... | ................................... | ............... 196,500,845 | |
19.3 | Commercial auto no-fault (personal injury | ||||||
protection) | ................... 3,029,771 | ................................... | ................................... | ................................... | 3,029,771 | ||
19.4 | Other commercial auto liability | ................294,944,132 | ................................... | ................................... | ................................... | ................294,944,132 | |
21.1 | Private passenger auto physical damage | ............... 226,664,510 | ................................... | ................................... | ................................... | ............... 226,664,510 | |
21.2 | Commercial auto physical damage | ................120,947,092 | ................................... | ................................... | ................................... | 120,947,092 | |
22. | Aircraft (all perils) | ................. 18,542,248 | ................................... | ................................... | ................................... | ................. 18,542,248 | |
23. | Fidelity | ...................... 857,600 | .......................757,568 | ................................... | ................................... | ...................1,615,168 | |
24. | Surety | ................. 31,080,068 | ................. 13,023,622 | ................................... | ................................... | ................. 44,103,691 | |
26. | Burglary and theft | ................... 8,825,437 | ...................... 291,960 | ................................... | ................................... | ................... 9,117,397 | |
27. | Boiler and machinery | ................. 16,788,322 | 262,682 | ................................... | ................................... | 17,051,003 | |
28. | Credit | ................... 9,626,301 | ................................... | ................................... | ................................... | ................... 9,626,301 | |
29. | International | ................................... | ................................... | ................................... | ................................... | ................................... | |
30. | Warranty | ................................... | ................................... | ................................... | ................................... | ................................... | |
31. | ..Reinsurance - nonproportional assumed property | ................. 53,841,489 | ................................... | ................................... | ................................... | ................. 53,841,489 | |
32. | Reinsurance - nonproportional assumed liability | ................. 59,646,817 | ................................... | ................................... | ................................... | 59,646,817 | |
33. | Reinsurance - nonproportional assumed financial | ||||||
lines | ................................... | ................................... | ................................... | ................................... | ................................... | ||
34. | Aggregate write-ins for other lines of business | ||||||
35. | TOTALS | 3,648,749,301 | 29,330,992 | (72,728,858) | 3,605,351,435 | ||
36. | Accrued retrospective premiums based on experience | ................................... | |||||
37. | Earned but unbilled premiums | ................. 72,728,858 | |||||
38. | Balance (Sum of Line 35 through 37) | 3,678,080,293 | |||||
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) State here basis of computation used in each case | Monthly Pro Rata |
7
ANNUAL STATEMENT FOR THE YEAR 2023 OF THE THE CINCINNATI INSURANCE 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 | 103,341,333 | 29,308,439 | 154,844 | ............................... | ............... 6,319,935 | 126,484,681 |
2.1 | Allied lines | ............134,661,867 | ..............43,315,809 | ............... 9,793,519 | ............................... | ..............11,531,842 | ............176,239,353 |
2.2 | Multiple peril crop | ............................... | ............................... | ............................... | ............................... | ............................... | ............................... |
2.3 | Federal flood | ............................... | ............................... | ............................... | ............................... | ............................... | ............................... |
2.4 | Private crop | ............................... | ............................... | ............................... | ............................... | ............................... | ............................... |
2.5 | Private flood | ............... 6,083,951 | ............... 1,474,987 | ............................... | ............................... | ............... 5,272,172 | ............... 2,286,766 |
3. | Farmowners multiple peril | ............................... | ............................... | ............................... | ............................... | ............................... | ............................... |
4. | Homeowners multiple peril | ............777,926,024 | ............418,731,616 | ...................596,865 | ............................... | ..............53,285,624 | 1,143,968,881 |
5.1 | Commercial multiple peril (non-liability | ||||||
portion) | ............860,159,249 | ............196,361,413 | ............. 20,695,555 | ............................... | ............. 92,502,414 | 984,713,803 | |
5.2 | Commercial multiple peril (liability portion) | ............461,245,085 | ............114,778,873 | ............................... | ............................... | .................... 40,854 | 575,983,104 |
6. | Mortgage guaranty | ............................... | ............................... | ............................... | ............................... | ............................... | ............................... |
8. | Ocean marine | ............................... | ............................... | ..............12,150,636 | ............................... | ............................... | ..............12,150,636 |
9. | Inland marine | ............230,293,258 | ............. 61,969,259 | ............... 6,085,214 | ............................... | ..............13,073,844 | ............285,273,887 |
10. | Financial guaranty | ............................... | ............................... | ............................... | ............................... | ............................... | ............................... |
11.1 | Medical professional liability - occurrence . | 20,103,058 | 3,711,821 | 510,945 | ............................... | ............................... | ..............24,325,824 |
11.2 | Medical professional liability - claims- | ||||||
made | 4,536,441 | 3,319,180 | 2,635,214 | ............................... | ............................... | ..............10,490,835 | |
12. | Earthquake | 34,707,360 | 10,080,490 | ............................... | ............................... | ............... 2,605,881 | 42,181,970 |
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 | ............................... | ............................... | ...................131,633 | ............................... | ............................... | ...................131,633 |
16. | Workers' compensation | ..............52,665,347 | ............212,793,250 | ............... 4,284,344 | ............................... | ............... 8,524,198 | ............261,218,743 |
17.1 | Other liability - occurrence | ............714,751,512 | ............196,266,379 | ..............87,972,455 | ............................... | ..............22,770,927 | ............976,219,419 |
17.2 | Other liability - claims-made | ............217,799,390 | ............... 4,266,769 | ............107,864,337 | ............................... | ............. 12,905,656 | 317,024,840 |
17.3 | Excess workers' compensation | ...................685,138 | ............................... | ............................... | ............................... | ............................... | ...................685,138 |
18.1 | Products liability - occurrence | ..............80,815,337 | ............. 21,858,842 | ...................709,805 | ............................... | ............................... | ............103,383,984 |
18.2 | Products liability - claims-made | ............................... | .....................38,130 | ............................... | ............................... | ............................... | .....................38,130 |
19.1 | Private passenger auto no-fault (personal | ||||||
injury protection) | ............. 14,685,284 | ............... 4,561,925 | ............................... | ............................... | ............... 2,362,007 | 16,885,202 | |
19.2 | Other private passenger auto liability | ............267,974,899 | ............101,098,623 | ..............13,819,510 | ............................... | ............... 1,610,927 | ............381,282,105 |
19.3 | Commercial auto no-fault (personal injury | ||||||
protection) | ............... 6,254,995 | ............... 1,815,386 | .................... 12,882 | ............................... | ............... 1,479,303 | ............... 6,603,959 | |
19.4 | Other commercial auto liability | ............472,326,934 | ............142,930,202 | ............... 4,746,491 | ............................... | ...................658,542 | ............619,345,085 |
21.1 | Private passenger auto physical damage . | ............ 309,773,436 | ............117,111,743 | ............... 4,172,130 | ............................... | ............... 1,711,406 | ............429,345,904 |
21.2 | Commercial auto physical damage | ............194,009,630 | ..............60,190,477 | ...................329,527 | ............................... | ...................416,517 | ............254,113,117 |
22. | Aircraft (all perils) | ............................... | ............................... | ............. 24,942,254 | ............................... | ............................... | ............. 24,942,254 |
23. | Fidelity | ............... 2,001,108 | ............................... | .................(599,500) | ............................... | ........................... 87 | ............... 1,401,520 |
24. | Surety | ..............84,679,229 | ............... 6,637,195 | ............... 1,051,541 | ............................... | ............... 9,781,130 | ..............82,586,836 |
26. | Burglary and theft | ..............37,682,928 | ............... 1,676,203 | ............................... | ............................... | ..............20,521,719 | ..............18,837,412 |
27. | Boiler and machinery | ..............31,494,799 | ............... 4,573,597 | ............................... | ............................... | ..........................227 | 36,068,168 |
28. | Credit | ............................... | ............................... | ............... 9,018,077 | ............................... | ............................... | ............... 9,018,077 |
29. | International | ............................... | ............................... | ............................... | ............................... | ............................... | ............................... |
30. | Warranty | ............................... | ............................... | ............................... | ............................... | ............................... | ............................... |
31. | Reinsurance - nonproportional assumed | ||||||
property | .............XXX | ...................395,438 | ............200,112,816 | ............................... | ............... 7,303,389 | 193,204,864 | |
32. | Reinsurance - nonproportional assumed | ||||||
liability | .............XXX | ............................... | ..............85,233,330 | ............................... | ...................998,265 | 84,235,065 |
33. Reinsurance - nonproportional assumed
financial lines | XXX | ............................... ............................... ............................... ............................... |
34. Aggregate write-ins for other lines of business ..................................................
35. | TOTALS | 5,120,657,590 | 1,759,266,046 | 596,424,426 | 275,676,865 | 7,200,671,196 | |||
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 INSURANCE 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 | ..................... 43,645,132 | 8,406,948 | 13,581 | 52,038,498 | 37,390,863 | 26,873,633 | 62,555,728 | 53.6 |
2.1 | Allied lines | ..................... 94,562,697 | ..................... 28,213,102 | .......................7,621,012 | ....................115,154,786 | ..................... 77,014,949 | ..................... 65,861,452 | ....................126,308,284 | ............................. 78.8 |
2.2 | Multiple peril crop | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
2.3 | Federal flood | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
2.4 | Private crop | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
2.5 | Private flood | .......................2,613,407 | 231,040 | 2,207,926 | 636,521 | ......................... 846,868 | 267,657 | 1,215,732 | 58.4 |
3. | Farmowners multiple peril | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
4. | Homeowners multiple peril | ....................495,516,969 | ....................157,688,048 | ..................... 14,574,886 | ....................638,630,132 | ....................321,711,826 | ....................304,703,603 | ....................655,638,355 | ............................. 65.4 |
5.1 | Commercial multiple peril (non-liability portion) | ....................563,034,640 | ....................133,486,407 | ..................... 73,388,994 | ....................623,132,053 | ....................336,985,481 | ....................451,179,050 | ....................508,938,484 | ............................. 55.4 |
5.2 | Commercial multiple peril (liability portion) | ....................172,584,146 | ..................... 38,327,105 | ......................... 247,376 | ....................210,663,875 | ....................814,991,947 | ....................727,051,357 | ....................298,604,466 | ............................. 52.0 |
6. | Mortgage guaranty | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
8. | Ocean marine | ................................... | .......................2,630,612 | ................................... | .......................2,630,612 | ..................... 18,783,651 | ..................... 11,852,000 | .......................9,562,262 | ............................. 75.0 |
9. | Inland marine | ....................108,662,951 | ..................... 15,983,637 | .......................2,837,810 | ....................121,808,778 | ..................... 83,727,516 | ..................... 60,615,024 | ....................144,921,270 | ............................. 49.6 |
10. | Financial guaranty | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
11.1 | Medical professional liability - occurrence | ..................... 17,836,427 | .......................1,413,227 | ................................... | ..................... 19,249,655 | ..................... 64,696,347 | ..................... 74,632,386 | .......................9,313,616 | ............................. 36.6 |
11.2 | Medical professional liability - claims-made | ......................... 950,000 | 3,370,036 | ................................... | 4,320,036 | ..................... 25,919,938 | 26,971,389 | 3,268,585 | 33.6 |
12. | Earthquake | ................................... | ................................... | ................................... | ................................... | ................................... | ...........................16,265 | ......................... (16,265) | ...............................0.0 |
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 | ................................... | ......................... 184,937 | ................................... | ......................... 184,937 | ......................... 830,544 | ......................... 858,757 | ......................... 156,723 | ............................ 226.7 |
16. | Workers' compensation | ..................... 34,215,902 | ..................... 99,878,231 | ..................... 10,077,679 | ....................124,016,453 | ....................921,280,641 | ....................903,216,121 | ....................142,080,973 | ............................. 51.1 |
17.1 | Other liability - occurrence | ....................334,618,710 | 77,539,612 | 33,045,618 | 379,112,704 | ................. 1,547,521,489 | 1,350,056,546 | 576,577,647 | 61.2 |
17.2 | Other liability - claims-made | ..................... 56,825,687 | ..................... 20,095,084 | ...........................14,000 | ..................... 76,906,771 | ....................373,335,652 | ....................295,749,264 | ....................154,493,159 | ............................. 45.6 |
17.3 | Excess workers' compensation | ......................... 340,527 | ................................... | ...........................50,119 | ......................... 290,408 | .......................3,246,418 | .......................2,611,374 | ......................... 925,452 | ............................ 121.5 |
18.1 | Products liability - occurrence | ..................... 25,904,153 | .......................6,578,710 | ............................ 7,515 | ..................... 32,475,349 | ....................152,284,477 | ....................133,743,284 | ..................... 51,016,542 | ............................. 49.9 |
18.2 | Products liability - claims-made | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
19.1 | Private passenger auto no-fault (personal injury protection) | .......................5,642,858 | 470,761 | 1,466,535 | 4,647,084 | ..................... 11,253,007 | 11,461,550 | 4,438,540 | 28.0 |
19.2 | Other private passenger auto liability | ....................151,581,558 | ..................... 37,408,725 | ......................... 684,212 | ....................188,306,070 | ....................251,219,881 | ....................237,779,660 | ....................201,746,291 | ............................. 58.1 |
19.3 | Commercial auto no-fault (personal injury protection) | .......................1,920,555 | ......................... 493,136 | ......................... 624,542 | .......................1,789,149 | .......................7,517,945 | .......................6,878,873 | .......................2,428,222 | ............................. 36.4 |
19.4 | Other commercial auto liability | ....................245,125,908 | ..................... 91,565,838 | ......................... 202,724 | ....................336,489,023 | ....................699,932,008 | ....................680,994,288 | ....................355,426,743 | ............................. 58.0 |
21.1 | Private passenger auto physical damage | ....................171,642,755 | ..................... 66,750,786 | ...........................59,245 | ....................238,334,296 | ..................... 20,455,775 | ..................... 19,894,436 | ....................238,895,635 | ............................. 63.4 |
21.2 | Commercial auto physical damage | ....................124,981,771 | 37,192,052 | 10,968 | 162,162,854 | ..................... 18,286,869 | 26,792,251 | 153,657,472 | 62.1 |
22. | Aircraft (all perils) | ...........................98,448 | .......................1,134,781 | ......................... 102,154 | .......................1,131,075 | ..................... 22,569,184 | ..................... 10,789,947 | ..................... 12,910,313 | ............................. 87.2 |
23. | Fidelity | ......................... 503,243 | ................................... | ................................... | ......................... 503,243 | .......................1,010,625 | .......................1,133,902 | ......................... 379,967 | ............................. 17.3 |
24. | Surety | ..................... 16,441,009 | ......................... 625,476 | ..................... 12,547,311 | .......................4,519,174 | ..................... 20,950,795 | .......................9,729,378 | ..................... 15,740,592 | ............................. 19.9 |
26. | Burglary and theft | ..................... 17,964,790 | ......................... 122,113 | ..................... 10,035,703 | .......................8,051,200 | .......................1,659,379 | .......................2,033,911 | .......................7,676,667 | ............................. 40.3 |
27. | Boiler and machinery | ..................... 14,939,526 | 717,087 | 716 | 15,655,898 | ..................... 13,231,744 | 16,186,261 | 12,701,381 | 37.1 |
28. | Credit | ................................... | ......................... 119,632 | ................................... | ......................... 119,632 | ..................... 27,839,279 | ..................... 24,134,665 | .......................3,824,246 | ............................. 33.9 |
29. | International | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
30. | Warranty | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
31. | Reinsurance - nonproportional assumed property | ...............XXX | ..................... 57,396,793 | .......................3,566,580 | ..................... 53,830,214 | ....................149,578,102 | ....................166,646,934 | ..................... 36,761,382 | ............................. 20.3 |
32. | Reinsurance - nonproportional assumed liability | ...............XXX | ..................... 12,486,966 | ................................... | ..................... 12,486,966 | ....................128,373,539 | ....................106,466,269 | ..................... 34,394,236 | ............................. 44.0 |
33. | Reinsurance - nonproportional assumed financial lines | ...............XXX | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... |
34. | Aggregate write-ins for other lines of business | ||||||||
35. | TOTALS | 2,702,153,769 | 900,510,882 | 173,387,207 | 3,429,277,445 | 6,154,446,737 | 5,757,181,485 | 3,826,542,697 | 55.9 |
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 INSURANCE 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 | 28,458,476 | 5,247,003 | 67,294 | 33,638,186 | 3,173,161 | 579,910 | ............................... | 393 | ..................... | 37,390,863 | 3,727,427 | |
2.1 | Allied lines | ..................... 14,352,575 | .......................9,386,539 | ..................... 49,843,199 | ..................... 14,981,766 | ..................... 12,410,719 | ......................... | 220,735 | ..................... | 77,014,949 | .......................5,158,342 | ||
..................... 44,877,162 | |||||||||||||
2.2 | Multiple peril crop | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | |||
2.3 | Federal flood | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | |||
2.4 | Private crop | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | |||
2.5 | Private flood | ......................... | 148,750 | ......................... | 846,868 | ||||||||
1,325,736 | ................................... | 1,116,251 | 209,485 | 786,132 | ................................... | ................................... | |||||||
3. | Farmowners multiple peril | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | |||
4. | Homeowners multiple peril | ....................... | 2,521,823 | .................... | 321,711,826 | ||||||||
....................157,913,170 | ..................... 54,290,772 | ..................... 10,657,169 | ....................201,546,772 | ....................104,004,606 | ..................... 18,682,271 | ..................... 56,562,098 | |||||||
5.1 | Commercial multiple peril (non-liability portion) | ..................... | 12,080,263 | .................... | 336,985,481 | ||||||||
....................187,897,633 | ..................... 73,292,077 | ..................... 31,875,982 | ....................229,313,728 | ..................... 65,409,652 | ..................... 54,342,365 | ..................... 69,234,170 | |||||||
5.2 | Commercial multiple peril (liability portion) | ....................410,898,062 | ..................... 85,753,213 | ..................... (7,616,673) | ....................504,267,947 | ....................255,070,000 | ..................... 55,984,000 | ......................... | 330,000 | .................... | 814,991,947 | ....................460,843,450 | |
6. | Mortgage guaranty | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | |||
8. | Ocean marine | 3,692,046 | 3,692,046 | 15,091,605 | ..................... | 18,783,651 | 173,883 | ||||||
................................... | ................................... | ................................... | ................................... | ||||||||||
9. | Inland marine | ........................... | 45,252 | ..................... | 83,727,516 | ||||||||
..................... 43,943,314 | .......................8,783,686 | .......................5,153,198 | ..................... 47,573,801 | ..................... 28,652,261 | .......................7,546,705 | .......................7,796,765 | |||||||
10. | Financial guaranty | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | |||
11.1 | Medical professional liability - occurrence | ..................... 26,196,982 | .......................4,702,976 | ..................... (2,200,000) | ..................... 33,099,958 | ..................... 24,852,000 | .......................6,744,389 | ..................... | 64,696,347 | ..................... 30,620,000 | |||
................................... | |||||||||||||
11.2 | Medical professional liability - claims-made | ..................... | 25,919,938 | ||||||||||
3,832,741 | 10,528,956 | ................................... | 14,361,696 | ................................... | 11,558,241 | ................................... | 1,047,872 | ||||||
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 | ................................... | ......................... 345,190 | ................................... | ......................... 345,190 | ................................... | ......................... 485,354 | ................................... | (a) | 830,544 | ................................... | ||
16. | Workers' compensation | ....................133,172,644 | ....................300,165,431 | ..................... 45,043,515 | ....................388,294,560 | ....................167,877,543 | ....................381,454,101 | ..................... | 16,345,564 | .................... | 921,280,641 | ..................... 87,458,282 | |
17.1 | Other liability - occurrence | ..................... | 15,075,000 | 1,547,521,489 | |||||||||
468,534,716 | 114,221,941 | 27,069,993 | 555,686,664 | 765,214,000 | 241,695,825 | ................. | 187,831,960 | ||||||
17.2 | Other liability - claims-made | 94,522,163 | 28,463,377 | 122,985,540 | 2,413,427 | 250,653,719 | ....................... | 2,717,034 | .................... | 373,335,652 | 130,259,048 | ||
................................... | |||||||||||||
17.3 | Excess workers' compensation | ....................... | 3,246,418 | ||||||||||
.......................3,801,277 | ................................... | ......................... 554,859 | .......................3,246,418 | ................................... | ................................... | ................................... | ................................... | ||||||
18.1 | Products liability - occurrence | ....................... | 1,135,546 | .................... | 152,284,477 | ||||||||
..................... 76,887,872 | ..................... 24,558,069 | .......................1,232,149 | ....................100,213,792 | ..................... 41,944,558 | ..................... 11,261,672 | ..................... 99,059,110 | |||||||
18.2 | ................................................................................Products liability - claims-made | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | |||
19.1 | Private passenger auto no-fault (personal injury protection) | ....................... | 1,085,957 | ..................... | 11,253,007 | ||||||||
28,684,653 | 1,133,923 | 20,265,850 | 9,552,725 | 2,599,885 | 186,353 | 2,441,110 | |||||||
19.2 | Other private passenger auto liability | 156,561,877 | 36,113,793 | 1,305,888 | 191,369,782 | 48,565,294 | 13,228,849 | ....................... | 1,944,043 | .................... | 251,219,881 | 48,202,047 | |
19.3 | Commercial auto no-fault (personal injury protection) | ............................ | 5,558 | ....................... | 7,517,945 | ||||||||
.......................6,678,569 | ......................... 884,912 | .......................3,188,297 | .......................4,375,183 | .......................2,468,636 | ......................... 679,685 | .......................1,390,039 | |||||||
19.4 | Other commercial auto liability | ......................... | 494,442 | .................... | 699,932,008 | ||||||||
....................295,937,712 | ....................113,606,882 | ......................... 361,926 | ....................409,182,668 | ....................222,157,167 | ..................... 69,086,615 | ....................125,926,307 | |||||||
21.1 | Private passenger auto physical damage | ..................... (5,880,364) | .......................8,396,553 | ...........................25,938 | .......................2,490,251 | ..................... 14,102,217 | .......................3,865,024 | ............................ | 1,716 | ..................... | 20,455,775 | ..................... 22,757,212 | |
21.2 | Commercial auto physical damage | ............................... | 318 | ..................... | 18,286,869 | ||||||||
2,887,969 | 2,694,812 | 4,802 | 5,577,978 | 9,825,000 | 2,884,208 | 15,656,901 | |||||||
22. | Aircraft (all perils) | 680,615 | 951,935 | 705,228 | 927,322 | 902,127 | 21,688,533 | ......................... | 948,798 | ..................... | 22,569,184 | 141,357 | |
23. | Fidelity | ....................... | 1,010,625 | ||||||||||
......................... 208,704 | ................................... | ................................... | ......................... 208,704 | ......................... 794,000 | ............................ 7,921 | ................................... | ......................... 272,000 | ||||||
24. | Surety | ..................... | 20,950,795 | ||||||||||
..................... 48,387,021 | ......................... 200,449 | ..................... 39,879,847 | .......................8,707,624 | .......................9,165,000 | .......................3,078,172 | ................................... | .......................3,492,000 | ||||||
26. | Burglary and theft | .......................1,644,666 | ...........................17,614 | ............................ 2,901 | .......................1,659,379 | .......................4,166,850 | ......................... 160,909 | ....................... | 4,327,759 | ....................... | 1,659,379 | ......................... 425,000 | |
27. | Boiler and machinery | ................................ | 21 | ..................... | 13,231,744 | ||||||||
2,934,252 | 1,919,826 | 313 | 4,853,764 | 7,559,000 | 819,000 | 605,000 | |||||||
28. | Credit | 36,291 | 36,291 | 27,802,988 | ..................... | 27,839,279 | |||||||
................................... | ................................... | ................................... | ................................... | ................................... | |||||||||
29. | International | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | |||
30. | Warranty | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | ................................... | |||
31. | Reinsurance - nonproportional assumed property | ...............XXX | ..................... 48,346,685 | .......................1,915,331 | ..................... 46,431,354 | ...............XXX | ....................143,143,331 | ..................... | 39,996,582 | .................... | 149,578,102 | .......................1,490,401 | |
32. | Reinsurance - nonproportional assumed liability | ...............XXX | ...............XXX | ............................... | (12) | .................... | 128,373,539 | ||||||
..................... 19,025,419 | ................................... | ..................... 19,025,419 | ....................109,348,107 | ......................... 707,293 | |||||||||
33. | ..............................................Reinsurance - nonproportional assumed financial lines | ...............XXX | ................................... | ................................... | ................................... | ...............XXX | ................................... | ................................... | ................................... | ................................... | |||
34. | Aggregate write-ins for other lines of business | ||||||||||||
35. | TOTALS | 2,220,987,619 | 961,726,404 | 189,996,598 | 2,992,717,426 | 1,796,684,282 | 1,464,470,570 | 99,425,541 | 6,154,446,737 | 1,363,279,073 | |||
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. |
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Disclaimer
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 18:22:21 UTC.