# Cincinnati Insurance Company

Cincinnati Insurance Company is a Property and Casualty Insurance based in Fairfield, United States.

## Overview

- **Organization type:** Property and Casualty Insurance
- **Headquarters:** Fairfield, United States
- **Region:** North America
- **Address:** Fairfield, OH, United States
- **Founded:** 1950
- **Assets under management:** Undisclosed
- **Website:** www.cincinnatiinsurance.com
- **LinkedIn:** https://www.linkedin.com/company/cincinnati-insurance-companies

## Regulatory record

- **Reports private funds:** No

## About

Cincinnati Insurance Company, founded in 1950 by Robert C. Schiff, is headquartered in Fairfield, Ohio, and serves as the primary operating unit of Cincinnati Financial Corporation. The company's founding philosophy centered on providing insurance through independent agents, a distribution model it has maintained for over seven decades. Cincinnati Insurance underwrites a diversified portfolio that includes commercial property and casualty, commercial auto, workers' compensation, personal lines such as homeowners and auto, as well as surety bonds. The company targets small to mid-sized businesses and homeowners across the United States, with a focus on risk selection and loss control. The firm has historically avoided high-hazard industries and maintains conservative underwriting guidelines. Cincinnati Insurance employs approximately 5,800 people and operates through a centralized underwriting structure supported by regional offices. The firm holds a statutory capital surplus exceeding $10 billion as of recent filings. In May 2024, the company announced it would not raise additional capital through debt offerings, signaling a strong capital position (per SEC filing, May 2024). What distinguishes Cincinnati Insurance is its exclusive reliance on independent agents and a decades-long track record of underwriting profitability. The firm has avoided direct-to-consumer or aggregator distribution models, preserving agent relationships that generate sustained renewal rates. The company's underwriting discipline has produced combined ratios below 100% for most of the past 20 years, a structural advantage in the cyclical property and casualty market.

## Sectors

- Insurance
- Property and Casualty
- Commercial Lines
- Personal Lines
- Surety

## People

- Steven J. Johnston — President and Chief Executive Officer
- John F. Brown — Chairman of the Board

## Questions

### Who runs investment decisions at Cincinnati Insurance?

The chief investment officer role at Cincinnati Insurance is part of Cincinnati Financial Corporation's treasury function. The company's equity portfolio historically has been managed internally with a focus on dividend-paying stocks and investment-grade bonds. The firm's investment strategy is aligned with its insurance liabilities, favoring fixed-income assets. (per annual report, 2023)

### How does Cincinnati Insurance generate underwriting profit compared to peers?

Cincinnati Insurance has maintained a combined ratio below 100% in most years, driven by conservative underwriting and a strong independent agency network. The firm targets smaller commercial accounts with higher margins and avoids catastrophe-exposed coastal areas. (per A.M. Best, 2024)

### What investment stages does Cincinnati Insurance focus on in its portfolio?

Cincinnati Insurance operates as an insurance company, not an investment fund. Its investment portfolio consists of fixed-income securities (mostly municipal bonds), common stocks (primarily dividend-paying), and other assets. The firm does not engage in venture capital or private equity investments in a material way. (per annual report, 2023)

### How does Cincinnati Insurance relate to Cincinnati Financial Corporation?

Cincinnati Insurance is the wholly owned operational subsidiary of Cincinnati Financial Corporation (NASDAQ: CINF), a publicly traded insurance holding company. CINF also owns other entities including Cincinnati Casualty Company and Cincinnati Indemnity Company. The public structure provides transparency through SEC filings. (per SEC filings)

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Last updated: 2026-06-03T20:00:00.000Z

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