Cincinnati Financial Corporation (CINF)

Cincinnati Financial Cash Flow Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	-	1,843	-487	2,968	1,216
Depreciation & Amortization	-	112	127	118	109
Gain (Loss) on Sale of Investments	-	-1,108	1,493	-2,353	-851
Change in Accounts Receivable	-	-264	-340	-240	-23
Change in Unearned Revenue	-	430	418	311	172
Change in Income Taxes	-	42	-40	-25	44
Change in Insurance Reserves / Liabilities	-	749	1,173	635	715
Change in Other Net Operating Assets	-	60	116	117	-31
Other Operating Activities	-	268	-312	528	179
Operating Cash Flow	-	2,052	2,052	1,981	1,491
Operating Cash Flow Growth	-	0%	3.58%	32.86%	23.43%
Capital Expenditures	-	-18	-15	-15	-20
Investment in Securities	-	-1,575	-925	-1,040	-525
Investing Cash Flow	-	-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	-	9	10	13	7
Repurchases of Common Stock	-	-67	-410	-144	-261
Common Dividends Paid	-	-454	-423	-395	-375
Other Financing Activities	-	-129	-93	-98	-110
Financing Cash Flow	-	-801	-994	-685	-798
Net Cash Flow	-	-357	125	239	133
Free Cash Flow	-	2,034	2,037	1,966	1,471
Free Cash Flow Growth	-	-0.15%	3.61%	33.65%	24.24%
Free Cash Flow Margin	-	20.31%	31.04%	20.42%	19.52%
Free Cash Flow Per Share	-	12.87	12.83	12.08	9.06
Cash Interest Paid	-	54	53	52	53
Cash Income Tax Paid	-	136	165	257	84
Levered Free Cash Flow	-	4,758	-216.75	2,633	1,190
Unlevered Free Cash Flow	-	4,791	-183.63	2,666	1,224
Change in Net Working Capital	2,952	-3,201	-69	-187	-133

Source: S&P Capital IQ. Insurance template. Financial Sources.