Cincinnati Financial Corporation (FRA:CCJ)

Cincinnati Financial Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	2,122	2,292	1,843	-487	2,968	1,216
Depreciation & Amortization	141	130	112	127	118	109
Gain (Loss) on Sale of Investments	-1,103	-1,367	-1,108	1,493	-2,353	-851
Change in Accounts Receivable	-434	-266	-264	-340	-240	-23
Change in Unearned Revenue	549	694	430	418	311	172
Change in Income Taxes	-6	12	42	-40	-25	44
Change in Insurance Reserves / Liabilities	1,381	1,022	749	1,173	635	715
Change in Other Net Operating Assets	59	120	60	116	117	-31
Other Operating Activities	217	161	268	-312	528	179
Operating Cash Flow	2,807	2,649	2,052	2,052	1,981	1,491
Operating Cash Flow Growth	8.63%	29.09%	-	3.58%	32.86%	23.43%
Capital Expenditures	-16	-22	-18	-15	-15	-20
Investment in Securities	-2,173	-1,659	-1,575	-925	-1,040	-525
Investing Cash Flow	-2,224	-1,696	-1,608	-933	-1,057	-560
Short-Term Debt Issued	-	-	-	-	-	15
Total Debt Issued	-	-	-	-	-	15
Total Debt Repaid	-	-	-25	-4	-	-
Net Debt Issued (Repaid)	-	-	-25	-4	-	15
Issuance of Common Stock	11	10	9	10	13	7
Repurchases of Common Stock	-107	-126	-67	-410	-144	-261
Common Dividends Paid	-517	-490	-454	-423	-395	-375
Other Financing Activities	-165	-154	-129	-93	-98	-110
Financing Cash Flow	-875	-877	-801	-994	-685	-798
Net Cash Flow	-292	76	-357	125	239	133
Free Cash Flow	2,791	2,627	2,034	2,037	1,966	1,471
Free Cash Flow Growth	9.11%	29.15%	-0.15%	3.61%	33.65%	24.24%
Free Cash Flow Margin	23.11%	23.17%	20.31%	31.04%	20.42%	19.52%
Free Cash Flow Per Share	17.68	16.65	12.87	12.83	12.08	9.06
Cash Interest Paid	53	53	54	53	52	53
Cash Income Tax Paid	273	395	136	165	257	84
Levered Free Cash Flow	1,701	5,477	1,672	-216.75	2,633	1,190
Unlevered Free Cash Flow	1,734	5,510	1,705	-183.63	2,666	1,224
Change in Working Capital	1,430	1,433	937	1,231	720	838

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.