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Cincinnati Financial Reports First-Quarter 2021 Results


section defines and reconciles measures presented in this release that are not based on U.S.
Generally Accepted Accounting Principles.
company s safe harbor statement.
Insurance Operations Highlights
12% growth in first-quarter net written premiums, reflecting price increases and premium growth initiatives.
$220 million first-quarter 2021 property casualty new business written premiums, up 2%. Agencies appointed since the beginning of 2020 contributed $11 million or 5% of total new business written premiums.
$10 million first-quarter 2021 life insurance subsidiary net income, up $23 million from the first quarter of 2020, and 9% growth in first-quarter 2021 term life insurance earned premiums.
Investment and Balance Sheet Highlights
5% or $9 million increase in first-quarter 2021 pretax investment income, including a 9% increase for stock portfolio dividends and a 5% increase for bond interest income. ....

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