COMPANY PROFILE

Cincinnati Insurance: homeowners insurance profile

Cincinnati Financial wrote $1.82 billion of homeowner premiums in 2025, up from $1.57 billion in 2024 and $1.19 billion in 2023, according to its Form 10-K filed February 23, 2026. Homeowner is now its largest personal line. This profile sets out what the filing says about how The Cincinnati Insurance Company sells, prices and underwrites homeowners business, next to the coverage the company lists on its site. It does not rate or recommend the company.

Company facts, as the company states them

Sold only through independent agencies

Cincinnati Financial, an Ohio corporation formed in 1968 around The Cincinnati Insurance Company, founded in 1950, is headquartered in Fairfield, Ohio and says it is fully committed to the independent agency channel. At the end of 2025 it marketed personal lines through 2,674 agency locations, about 72 percent of its 3,702, in 45 of the 46 states where it offered property casualty insurance. Those agencies produced about 1.3 million personal lines policies for roughly 550,000 policyholders. The filing describes no direct-to-consumer homeowners channel.

The company prefers accounts that bundle auto and home: at year end about 86 percent of its homeowner policies sat in the same account as a Cincinnati personal auto policy. Its high net worth products, branded Cincinnati Private Client, made up about 60 percent of personal lines premiums. Its homeowner line covers dwellings and contents against a wide variety of perils and personal liability on and off the premises, and it also writes condominium unit owner and renters policies. Separately, $129 million of 2025 premiums came from excess and surplus lines homeowner policies, down from $166 million.

Pricing and underwriting changes

Cincinnati estimates homeowner price increases in 2025 averaged a percentage in the low double digits, varying widely by state and by policy as predictive models priced individual risks. Personal lines renewal written premiums rose 25 percent, partly from higher insured values in response to building material inflation, while new business premiums fell 21 percent, or $128 million. The filing says the company has made greater use of higher minimum deductibles, expanded property inspections to verify condition and insurance to value, and moved into more states to spread catastrophe risk.

Catastrophe losses in 2025

The personal lines segment earned $3.20 billion in 2025 and reported a pre-tax loss of $111 million. Personal lines catastrophe losses rose to $651 million from $353 million, lifting the catastrophe loss ratio to 20.4 points from 13.5, and the segment's total loss ratio to 65.8 percent from 58.4 percent. Across the company, the filing attributes most of a $249 million increase in catastrophe losses to the January 2025 wildfires in southern California. Large personal lines losses rose 76 percent, mainly in the homeowner line, though prior-year homeowner reserves developed favorably by $49 million mostly on natural catastrophe events where losses emerged below expectations.

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