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Held by 925 of 6,047 reporting institutions (98th percentile) — extremely crowded.
Data as of Q2 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
What the company returns to shareholders — and whether it's covered by cash.
The dividend is comfortably covered — only 17% of free cash flow, leaving room to grow it and fund buybacks. Last year: $525.0M dividends + $205.0M buybacks = $730.0M returned on $3.09B FCF.
7 consecutive years of dividend increases · 9%/yr.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A cash-return story — far more went to shareholders than back into the business (mature, low-reinvestment).
Insufficient data. Current ROIC on all capital: 14%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
A reverse discounted cash flow is not shown for an insurer.
Funded by policyholder float, not debt. Reserve adequacy and RBC are the right questions and are not collected yet.
Classified from the filings: SIC code.
Leverage ratios is not shown for an insurer.
Funded by policyholder float, not debt. Reserve adequacy and RBC are the right questions and are not collected yet.
Classified from the filings: SIC code.
How much the company owes, how it's trended, and how comfortably it's serviced.
Interest expense isn't separately reported — often netted into “other income (expense), net.” Effective rate ~6.7% on $790.0M of debt.
Cash vs short-term debt unavailable.
Mostly long-term debt (balance-sheet current vs non-current split). A year-by-year maturity schedule wasn't disclosed for this issuer.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Educational — not a recommendation.
EOD close · as of 2026-10-14
How a revenue dollar becomes profit — FY2025
Dividends and buybacks are cash paid out, shown here against the same year's profit for scale — not funded from it.
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.63B 100.0% | $11.34B 100.0% | $10.01B 100.0% | $6.56B 100.0% | $9.63B 100.0% | $7.54B 100.0% | $7.92B 100.0% | $5.41B 100.0% | $5.73B 100.0% | $5.45B 100.0% |
| Interest Expense | $53.0M 0.4% | $53.0M 0.5% | $54.0M 0.5% | $53.0M 0.8% | $53.0M 0.6% | $54.0M 0.7% | $53.0M 0.7% | $53.0M 1.0% | $53.0M 0.9% | $53.0M 1.0% |
| Interest & Investment Income | $875.0M 6.9% | $733.0M 6.5% | $600.0M 6.0% | $510.0M 7.8% | $477.0M 5.0% | $455.0M 6.0% | $446.0M 5.6% | $445.0M 8.2% | $445.0M 7.8% | $440.0M 8.1% |
| Pretax Income | $2.98B 23.6% | $2.86B 25.2% | $2.28B 22.7% | -$694.0M -10.6% | $3.70B 38.4% | $1.50B 19.9% | $2.47B 31.2% | $251.0M 4.6% | $730.0M 12.7% | $812.0M 14.9% |
| Income Tax Expense | $587.0M 4.6% | $566.0M 5.0% | $433.0M 4.3% | -$207.0M -3.2% | $730.0M 7.6% | $283.0M 3.8% | $475.0M 6.0% | -$36.0M -0.7% | -$315.0M -5.5% | $221.0M 4.1% |
| Net Income | $2.39B 18.9% | $2.29B 20.2% | $1.84B 18.4% | -$487.0M -7.4% | $2.97B 30.8% | $1.22B 16.1% | $2.00B 25.2% | $287.0M 5.3% | $1.04B 18.2% | $591.0M 10.8% |
| Per Share | ||||||||||
| EPS (Basic) | $15.32 | $14.65 | $11.74 | -$3.06 | $18.43 | $7.55 | $12.24 | $1.76 | $6.36 | $3.59 |
| EPS (Diluted) | $15.17 | $14.53 | $11.66 | -$3.06 | $18.24 | $7.49 | $12.10 | $1.75 | $6.29 | $3.55 |
| Weighted Avg Shares (Basic) | 156.1M | 156.4M | 157.0M | 158.8M | 161.0M | 161.2M | 163.2M | 163.2M | 164.2M | 164.5M |
| Weighted Avg Shares (Diluted) | 157.7M | 157.8M | 158.1M | 158.8M | 162.7M | 162.4M | 165.1M | 164.5M | 166.0M | 166.5M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
EOD close · as of 2026-10-14
Where each multiple sits in its own 14-yr range · 71th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
ROE 15% against ROIC 14% — 1% of the return on equity comes from leverage and buybacks rather than from the operating business.
What the company owes vs. what it holds
This shows debt/cash structure and net leverage. The year-by-year maturity schedule is on the Debt & Leverage tab.
Latest year: profit growth vs revenue growth
Operating leverage needs meaningful revenue change.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Income Tax | -0.7 | 6.0 | 3.8 | 7.6 | -3.2 | 4.3 | 5.0 | 4.6 |
| Net Income | 5.3 | 25.2 | 16.1 | 30.8 | -7.4 | 18.4 | 20.2 | 18.9 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on CINF: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
Ranked against 18 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-06-30.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CB | $135.1B | 13.6× | — | 2.3× | 6.5% | — | 17.4% | 14.0% | 11.3% | — | 2,075 |
| PGR | $123.9B | 11.1× | — | 1.4× | 16.3% | — | 12.9% | 37.3% | 37.3% | — | 1,760 |
| TRV | $78.8B | 13.8× | — | 1.6× | 5.2% | — | 12.9% | 19.1% | 18.9% | — | 1,788 |
| ALL | $59.7B | 6.2× | — | 0.9× | 5.6% | — | 15.2% | 33.6% | 27.0% | — | — |
| AIG | $40.5B | 14.3× | — | 1.5× | -1.7% | — | 11.6% | 7.5% | 6.2% | — | 1,099 |
| HIG | $35.7B | 9.9× | — | 1.3× | 6.9% | — | 13.5% | 20.2% | 16.4% | — | 1,155 |
| ACGL | $33.3B | 8.4× | — | 1.7× | 14.3% | — | 22.1% | 18.2% | 18.2% | — | 874 |
| WRB | $27.4B | 16.6× | — | 1.9× | 7.8% | — | 12.1% | 18.3% | 18.3% | — | — |
| CINF | $25.6B | 11.0× | — | 2.0× | 11.4% | — | 18.9% | 15.0% | 14.3% | — | 925 |
| L | $22.3B | 13.7× | — | 1.2× | 5.4% | — | 9.0% | 8.9% | 8.9% | — | 765 |
| MKL | $22.3B | 10.6× | — | 1.4× | 4.7% | — | 13.6% | 11.3% | 9.2% | — | 896 |
| EG | $14.4B | 9.9× | — | 0.8× | 1.2% | — | 9.1% | 10.3% | 10.3% | — | — |
| RNR | $14.1B | 6.1× | — | 1.1× | 9.9% | — | 20.9% | 23.1% | 19.2% | — | — |
| CNA | $12.8B | 10.1× | — | 0.8× | 5.0% | — | 8.5% | 11.0% | 8.8% | — | 304 |
| AFG | $12.1B | 14.4× | — | 1.5× | -1.8% | — | 10.3% | 17.5% | 12.7% | — | 500 |
| KNSL | $8.0B | 16.1× | — | 4.2× | 18.0% | — | 26.9% | 25.7% | 23.1% | — | 574 |
| THG | $7.9B | 12.4× | — | 1.2× | 5.7% | — | 10.0% | 18.5% | 13.8% | — | 521 |
| AXS | $7.2B | 7.9× | — | 1.1× | 10.2% | — | 15.4% | 15.9% | 15.9% | — | — |
| MCY | $5.7B | 10.5× | — | 0.9× | 9.4% | 99.7% | 9.0% | 22.4% | 18.1% | — | 341 |
Peers = companies sharing CINF's sector (Fire, Marine & Casualty Insurance) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
No positive operating income in the last three years, so there is no return on capital to compare against its cost.
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2016 | not reported | not reported | 10.8% |
| FY2017 | not reported | not reported | 18.2% |
| FY2018 | not reported | not reported | 5.3% |
| FY2019 | not reported | not reported | 25.2% |
| FY2020 | not reported | not reported | 16.1% |
| FY2021 | not reported | not reported | 30.8% |
| FY2022 | not reported | not reported | -7.4% |
| FY2023 | not reported | not reported | 18.4% |
| FY2024 | not reported | not reported | 20.2% |
| FY2025 | not reported | not reported | 18.9% |
Return on equity (15%) and return on invested capital (14%) are within a couple of points in FY2025, so the headline return is the operating return — there is no meaningful leverage effect to strip out.
No material counter-signal in the checked set: ROIC vs WACC spread, 5-year spread history, gross margin trend, operating margin trend, net margin against 3 years ago, revenue growth, ROIC ex-goodwill gap.
Missing from our data, so excluded from this answer: positive EBIT.
Converts 1.08x of reported profit into free cash flow over 5 years, with accruals negative.
The cash conversion cycle could not be computed — receivables, inventory or cost of revenue is not reported — so the earliest accrual warning is not part of this verdict.
Missing from our data, so excluded from this answer: share_based_compensation.
Leverage is not measurable this way for a insurer.
Balance sheet at 2025-12-31. Undrawn revolving credit is not shown: the tag is collected but not yet mapped through to the API.
Funded by policyholder float, not debt. Reserve adequacy and RBC are the right questions and are not collected yet.
Missing from our data, so excluded from this answer: capital adequacy metrics for this archetype.
At $165.64, free cash flow must compound -2.45%/yr for 10 years. It has done 17.35%/yr over 6 years.
| Fiscal year | FCF growth | Price requires |
|---|---|---|
| FY2020 | 24.2% | −2.5% |
| FY2021 | 33.7% | −2.5% |
| FY2022 | 3.6% | −2.5% |
| FY2023 | −0.1% | −2.5% |
| FY2024 | 29.2% | −2.5% |
| FY2025 | 17.7% | −2.5% |
The cost of capital could not be computed for this company, so the requirement is solved at the published 10% default — a different rate would move it materially.
| Step | Amount | Running total |
|---|---|---|
| Net income | $2.39B | $2.39B |
| Share-based comp | not reported | not reported |
| Other non-cash & working capital | $719M | $3.11B |
| Operating cash flow | $3.11B | $3.11B |
| Capex | −$20M | $3.09B |
| Free cash flow | $3.09B | $3.09B |
| Fiscal year | Revenue growth | Receivables growth | Gap |
|---|---|---|---|
| FY2020 | -4.9% | not reported | not reported |
| FY2021 | 27.7% | not reported | not reported |
| FY2022 | -31.8% | not reported | not reported |
| FY2023 | 52.6% | not reported | not reported |
| FY2024 | 13.2% | not reported | not reported |
| FY2025 | 11.4% | not reported | not reported |
| Fiscal year | Accruals / assets |
|---|---|
| FY2019 | 3.1 percent |
| FY2020 | -1.0 percent |
| FY2021 | 3.1 percent |
| FY2022 | -8.5 percent |
| FY2023 | -0.6 percent |
| FY2024 | -1.0 percent |
| FY2025 | -1.8 percent |