Cincinnati Financial Corporation (CINF) Balance Sheet
CINF balance sheet, 2025
December 31, 2025 · U.S. dollars$41.00B assets = $25.09B liabilities + $15.91B equity
Both columns are drawn to the same scale: what CINF owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CINF financial health
Descriptive bands, not a rating. Fiscal 2025.
CINF balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $20.39B2016 | $41.00B2025 | +8.1%/yr | |
| Total liabilities | $13.33B2016 | $25.09B2025 | +7.3%/yr | |
| Shareholders’ equity | $7.06B2016 | $15.91B2025 | +9.4%/yr | |
| Cash & short-term investments | $777.0M2016 | $19.70B2025 | +43.2%/yr | |
| Total debt | $846.0M2016 | $886.0M2025 | +0.5%/yr | |
| Net cash (debt) | −$69.0M2016 | $18.82B2025 | +$18.9B | |
| Working capital | −$11.76B2016 | $5.33B2025 | +$17.1B | |
| Book value per share | $42.402016 | $100.862025 | +10.1%/yr | |
| Debt / equity | 0.122016 | 0.062025 | −0.06 | |
| Shares outstanding | 166.5M2016 | 157.7M2025 | −0.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CINF assets
CINF liabilities and equity
CINF debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CINF balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $19.70B | $17.46B | $14.70B | $13.40B | $14.16B | $13.24B | $12.46B | $784.0M | $657.0M | $777.0M |
| Cash & equivalents | $1.43B | $983.0M | $907.0M | $1.26B | $1.14B | $900.0M | $767.0M | $784.0M | $657.0M | $777.0M |
| Short-term investments | $18.27B | $16.48B | $13.79B | $12.13B | $13.02B | $12.34B | $11.70B | $123.0M | $103.0M | $81.0M |
| Receivables | $4.18B | $3.83B | $3.54B | $3.24B | $2.87B | $2.63B | $2.60B | $2.33B | $2.22B | $2.26B |
| Inventory | $0 | $0 | −$18.24B | −$4.55B | −$4.13B | −$3.60B | −$3.21B | $0 | $0 | $0 |
| Other current assets | $71.0M | $70.0M | $18.30B | $4.60B | $4.21B | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $23.95B | $21.37B | $18.30B | $16.69B | $17.10B | $900.0M | $767.0M | $784.0M | $657.0M | $777.0M |
| Property, plant & equipment (net) | $219.0M | $214.0M | $208.0M | $202.0M | $205.0M | $213.0M | $207.0M | $195.0M | $185.0M | $183.0M |
| Goodwill & intangible assets | $1.37B | $1.27B | $1.12B | $1.04B | $935.0M | $20.11B | $18.58B | −$504.0M | −$642.0M | −$784.0M |
| Long-term investments | $30.96B | $27.66B | $24.78B | $21.97B | $24.67B | $21.77B | $19.96B | $16.93B | $17.25B | $15.69B |
| Other non-current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4.53B | $4.40B | $4.53B |
| Total assets | $41.00B | $36.50B | $32.77B | $29.73B | $31.39B | $27.54B | $25.41B | $21.93B | $21.84B | $20.39B |
| Liabilities | ||||||||||
| Accounts payable | — | — | — | $3.05B | $2.63B | $2.37B | $2.14B | $1.91B | $0 | $0 |
| Short-term debt | $25.0M | $25.0M | $25.0M | $50.0M | $54.0M | $54.0M | $39.0M | $32.0M | $24.0M | $20.0M |
| Deferred revenue | $5.25B | $4.81B | $4.12B | $3.69B | $3.27B | — | — | — | — | — |
| Total current liabilities | $18.62B | $16.32B | $14.52B | $13.19B | $12.37B | $54.0M | $39.0M | $13.31B | $12.81B | $12.53B |
| Long-term debt | $790.0M | $790.0M | $790.0M | $841.0M | $843.0M | $845.0M | $846.0M | $834.0M | $827.0M | $826.0M |
| Lease obligations | $71.0M | $60.0M | $59.0M | $52.0M | $54.0M | $57.0M | $58.0M | $46.0M | $40.0M | $39.0M |
| Other long-term liabilities | $5.68B | $5.46B | $5.36B | $5.14B | $5.07B | $15.91B | $8.67B | $13.27B | $12.77B | $7.74B |
| Total liabilities | $25.09B | $22.57B | $20.67B | $19.17B | $18.28B | $16.75B | $15.54B | $14.10B | $13.60B | $13.33B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $397.0M | $397.0M | $397.0M | $397.0M | $397.0M | $397.0M | $397.0M | $397.0M | $397.0M | $397.0M |
| Retained earnings (deficit) | $16.72B | $14.87B | $13.08B | $11.71B | $12.62B | $10.09B | $9.26B | $7.62B | $5.18B | $5.04B |
| Treasury stock | — | — | — | −$2.32B | −$1.92B | −$1.79B | −$1.54B | −$1.49B | −$1.39B | −$1.32B |
| Accumulated other comprehensive income | −$34.0M | −$309.0M | −$435.0M | −$614.0M | $648.0M | $769.0M | $448.0M | $22.0M | $2.79B | $1.69B |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $15.91B | $13.94B | $12.10B | $10.56B | $13.11B | $10.79B | $9.86B | $7.83B | $8.24B | $7.06B |
| Key figures | ||||||||||
| Total debt | $886.0M | $875.0M | $874.0M | $891.0M | $897.0M | $899.0M | $884.0M | $866.0M | $851.0M | $846.0M |
| Net cash (debt) | $18.82B | $16.59B | $13.82B | $12.51B | $13.26B | $12.34B | $11.58B | −$82.0M | −$194.0M | −$69.0M |
| Working capital | $5.33B | $5.05B | $3.78B | $3.49B | $4.73B | $846.0M | $728.0M | −$12.53B | −$12.16B | −$11.76B |
| Tangible book value | $14.54B | $12.66B | $10.97B | $9.52B | $12.17B | −$9.32B | −$8.71B | $8.34B | $8.88B | $7.84B |
| Book value per share | $100.86 | $88.31 | $76.52 | $66.51 | $80.55 | $66.43 | $59.75 | $47.62 | $49.66 | $42.40 |
| Shares outstanding | 157.7M | 157.8M | 158.1M | 158.8M | 162.7M | 162.4M | 165.1M | 164.5M | 166.0M | 166.5M |
| Current ratio | 1.29 | 1.31 | 1.26 | 1.26 | 1.38 | 16.67 | 19.67 | 0.06 | 0.05 | 0.06 |
| Quick ratio | 1.28 | 1.31 | 1.26 | 1.26 | 1.38 | 293.80 | 386.21 | 0.23 | 0.22 | 0.24 |
| Debt / equity | 0.06 | 0.06 | 0.07 | 0.08 | 0.07 | 0.08 | 0.09 | 0.11 | 0.10 | 0.12 |
| Equity / assets | 38.8% | 38.2% | 36.9% | 35.5% | 41.8% | 39.2% | 38.8% | 35.7% | 37.7% | 34.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $34.03B | $1.26B | $19.70B | $2.46B | $2.18B | $2.23B | $17.46B | $2.95B | $1.94B | $1.58B | $14.70B | $1.71B |
| Cash & equivalents | $1.75B | $1.21B | $1.43B | $1.46B | $995.0M | $1.01B | $983.0M | $1.75B | $771.0M | $619.0M | $907.0M | $899.0M |
| Short-term investments | $32.28B | $49.0M | $18.27B | $1.00B | $1.18B | $1.22B | $16.48B | $1.19B | $1.17B | $963.0M | $13.79B | $814.0M |
| Receivables | $4.43B | $3.46B | $4.18B | $4.37B | $4.51B | $4.32B | $3.83B | $3.88B | $3.95B | $3.73B | $3.54B | $3.64B |
| Inventory | $0 | $10.0M | $0 | $0 | $0 | $0 | $0 | $1.85B | −$5.89B | −$5.31B | −$18.24B | −$9.10B |
| Other current assets | $1.57B | $722.0M | $71.0M | $100.0M | $130.0M | $93.0M | $70.0M | $0 | $2.06B | $4.70B | $14.70B | $4.65B |
| Total current assets | $40.03B | $5.45B | $23.95B | $6.93B | $6.82B | $6.64B | $21.37B | $6.92B | $2.06B | $4.70B | $14.70B | $899.0M |
| Property, plant & equipment (net) | $211.0M | $214.0M | $219.0M | $213.0M | $214.0M | $216.0M | $214.0M | $215.0M | $213.0M | $211.0M | $208.0M | $199.0M |
| Goodwill & intangible assets | $0 | $1.38B | $1.37B | $1.36B | $1.37B | $1.30B | $1.27B | $1.24B | $1.23B | −$1.20B | $61.0M | $1.10B |
| Long-term investments | $0 | $31.21B | $30.96B | $30.33B | $28.93B | $27.74B | $27.66B | $27.44B | $26.04B | $25.64B | $24.78B | $22.87B |
| Other non-current assets | $2.84B | $2.95B | $0 | $1.74B | $1.51B | $1.38B | $0 | $1.20B | $5.25B | $4.38B | $0 | $5.84B |
| Total assets | $43.08B | $41.21B | $41.00B | $40.57B | $38.84B | $37.28B | $36.50B | $37.01B | $34.80B | $33.73B | $32.77B | $30.91B |
| Liabilities | ||||||||||||
| Short-term debt | $17.0M | $25.0M | $25.0M | $25.0M | $25.0M | $25.0M | $25.0M | $25.0M | $25.0M | $25.0M | $25.0M | $25.0M |
| Deferred revenue | $5.60B | $5.42B | $5.25B | $5.42B | $5.44B | $5.07B | $4.81B | $4.87B | — | — | — | — |
| Total current liabilities | $21.08B | $18.57B | $18.62B | $18.50B | $18.12B | $17.36B | $16.32B | $16.43B | $9.03B | $8.65B | $8.42B | $25.0M |
| Long-term debt | $0 | $791.0M | $790.0M | $790.0M | $790.0M | $790.0M | $790.0M | $849.0M | $849.0M | $848.0M | $790.0M | $790.0M |
| Lease obligations | — | $68.0M | $71.0M | $68.0M | $69.0M | $63.0M | $60.0M | — | — | — | $59.0M | $54.0M |
| Other long-term liabilities | $5.37B | $6.13B | $5.68B | $5.87B | $5.63B | $5.41B | $5.46B | $5.93B | $21.18B | $20.23B | $11.11B | $19.50B |
| Total liabilities | $26.45B | $25.50B | $25.09B | $25.16B | $24.54B | $23.56B | $22.57B | $23.20B | $22.02B | $21.07B | $20.67B | $20.29B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $397.0M | $397.0M | $397.0M | $397.0M | $397.0M | $397.0M | $397.0M | $397.0M | $397.0M | $397.0M | $397.0M | $397.0M |
| Retained earnings (deficit) | $17.96B | $16.85B | $16.72B | $16.18B | $15.19B | $14.64B | $14.87B | $14.59B | $13.90B | $13.71B | $13.08B | $12.02B |
| Accumulated other comprehensive income | −$135.0M | −$185.0M | −$34.0M | −$84.0M | −$249.0M | −$271.0M | −$309.0M | −$150.0M | −$470.0M | −$442.0M | −$435.0M | −$827.0M |
| Total shareholders' equity | $16.67B | $15.71B | $15.91B | $15.41B | $14.30B | $13.72B | $13.94B | $13.80B | $12.78B | $12.65B | $12.10B | $10.62B |
| Key figures | ||||||||||||
| Total debt | $876.0M | $884.0M | $886.0M | $883.0M | $884.0M | $878.0M | $875.0M | $874.0M | $874.0M | $873.0M | $874.0M | $869.0M |
| Net cash (debt) | $33.15B | $375.0M | $18.82B | $1.58B | $1.29B | $1.35B | $16.59B | $2.07B | $1.07B | $709.0M | $13.82B | $844.0M |
| Working capital | $18.95B | −$13.12B | $5.33B | −$11.57B | −$11.30B | −$10.72B | $5.05B | −$9.51B | −$6.97B | −$3.96B | $6.27B | $874.0M |
| Tangible book value | $16.67B | $14.33B | $14.54B | $14.05B | $12.93B | $12.42B | $12.66B | $12.56B | $11.55B | $13.85B | $12.04B | $9.52B |
| Book value per share | $106.93 | $100.36 | $100.86 | $97.63 | $90.63 | $87.71 | $88.36 | $87.53 | $81.12 | $80.14 | $76.67 | $67.71 |
| Shares outstanding | 155.9M | 156.6M | 157.7M | 157.8M | 157.8M | 156.4M | 157.7M | 157.7M | 157.5M | 157.9M | 157.8M | 156.9M |
| Current ratio | 1.90 | 0.29 | 1.29 | 0.37 | 0.38 | 0.38 | 1.31 | 0.42 | 0.23 | 0.54 | 1.74 | 35.96 |
| Quick ratio | 1.82 | 0.25 | 1.28 | 0.37 | 0.37 | 0.38 | 1.31 | 0.42 | 0.65 | 0.61 | 2.17 | 214.04 |
| Debt / equity | 0.05 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.07 | 0.07 | 0.07 | 0.08 |
| Equity / assets | 38.7% | 38.1% | 38.8% | 38.0% | 36.8% | 36.8% | 38.2% | 37.3% | 36.7% | 37.5% | 36.9% | 34.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 23, 2026); data from EODHD.
CINF financial position
At the end of fiscal 2025 (December 31, 2025), Cincinnati Financial had total assets of $41.0 billion (up 12.3% from a year earlier), total liabilities of $25.1 billion and shareholders' equity of $15.9 billion. It held $19.7 billion in cash and short-term investments against $886.0 million of debt, a net cash position of $18.8 billion. Its current ratio was 1.29. In the latest quarter (ended June 30, 2026) total assets were $43.1 billion and equity $16.7 billion.
Related: CINF income statement, CINF cash flow statement, CINF key metrics. See the CINF stock overview for the latest quote and news.
CINF balance sheet FAQ
What are Cincinnati Financial's total assets?
Cincinnati Financial reported total assets of $41.0 billion at the end of fiscal 2025 (December 31, 2025), compared with $36.5 billion a year earlier.
How much debt does Cincinnati Financial have?
Cincinnati Financial had $886.0 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.06.
How much cash does Cincinnati Financial have?
Cincinnati Financial held $19.7 billion in cash and short-term investments at the end of fiscal 2025; with $886.0 million of debt that is net cash of $18.8 billion.
What is Cincinnati Financial's book value?
Cincinnati Financial's shareholders' equity (book value) was $15.9 billion at the end of fiscal 2025, or $100.86 per share.
What is Cincinnati Financial's current ratio?
Cincinnati Financial had current assets of $24.0 billion and current liabilities of $18.6 billion, a current ratio of 1.29 (it can cover its short-term obligations).
How much goodwill does Cincinnati Financial have?
Cincinnati Financial carried $1.4 billion of goodwill and intangible assets, 3.4% of total assets, at the end of fiscal 2025.