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Expense Ratio % is the percentage of expenses associated with acquiring, underwriting, and servicing premiums to net premium earned. It indicates the efficiency of the insurance company before considering its claims and investment gains or losses.
Cincinnati Financial's Expense Ratio % for the quarter that ended in Jun. 2026 was 29.80%
, which is higher than
29.40% for the pervious quarter ended in Mar. 2026.
Cincinnati Financial's Expense Ratio % for the annual that ended in Dec. 2025 was 48.40%
, which is lower than
48.60% for the pervious year ended in Dec. 2024.
The historical rank and industry rank for Cincinnati Financial's Expense Ratio % or its related term are showing as below:
CINF's Expense Ratio % is not ranked *
in the Insurance industry.
Industry Median: * Ranked among companies with meaningful Expense Ratio % only.
Cincinnati Financial (NAS:CINF) Expense Ratio % Explanation
Expense Ratio % is the percentage of expenses associated with acquiring, underwriting, and servicing premiums to net premium earned. It can be used to make comparisons between insurance companies as well as measure their performance. An expense ratio below 100% suggests that the premiums an insurance company earned or wrote are more than the expenses it paid to support those premiums.
However, we should keep in mind that the ratio does not indicate an ending profitability. The overall profit is also influenced by the claims, investment gains or losses and other income. The ratio can be combined with Claims Ratio % and Combined Ratio % to get an overall performance of an insurance company.
Cincinnati Financial Expense Ratio % Related Terms
Cincinnati Financial Expense Ratio % Historical Data
* Premium members only.
The historical data trend for Cincinnati Financial's Expense Ratio % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Insurance - Property & Casualty subindustry, Cincinnati Financial's Expense Ratio %, along with its competitors' market caps and Expense Ratio % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Cincinnati Financial (NAS:CINF) Expense Ratio % Calculation
Expense Ratio % is calculated as:
Expense Ratio %
=
Expenses of Acquiring, Underwriting and Servicing Premiums
/
Net Premium Earned
*
100%
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Frequently Asked Questions
What does a Expense Ratio % of 29.80% mean?
Cincinnati Financial (CINF) has a Expense Ratio % of 29.80% as of Jun. 2026. Expense Ratio is the percentage of expenses associated with acquiring, underwriting, and servicing premiums to net premium earned. View historical data on Cincinnati Financial and its competitors.
Is Cincinnati Financial's Expense Ratio % too high?
Cincinnati Financial's current Expense Ratio % is 29.80%. Overall, Cincinnati Financial has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Cincinnati Financial's Expense Ratio % compare to WRB and MKL?
Cincinnati Financial's Expense Ratio % of 29.80% can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Expense Ratio % for an Insurance company?
A good Expense Ratio % depends on the Insurance industry context. However, Expense Ratio % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Expense Ratio % mean?
A high Expense Ratio % can signal that a stock is expensive relative to its fundamentals. Expense Ratio is the percentage of expenses associated with acquiring, underwriting, and servicing premiums to net premium earned. View historical data on Cincinnati Financial and its competitors. Cincinnati Financial's current Expense Ratio % is 29.80%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cincinnati Financial stock overvalued right now?
Based on GuruFocus' analysis, Cincinnati Financial (CINF) is currently considered Fairly Valued. The stock's GF Value™ is $176.36, compared to a current price of $177.84 — trading 0.8% above its estimated fair value. The current Expense Ratio % is 29.80%. Cincinnati Financial's overall GF Score™ is 74/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Expense Ratio % calculated?
Expense Ratio % is calculated from a company's financial statements. For Cincinnati Financial (CINF), the current Expense Ratio % is 29.80% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Cincinnati Financial (CINF) Overvalued in 2026?
Based on GuruFocus' analysis, Cincinnati Financial stock appears to be overvalued.
The current stock price of $177.84 is trading 0.8% above its estimated GF Value™ of $176.36.
GuruFocus considers Cincinnati Financial to be Fairly Valued.
Key valuation signals for CINF:
Expense Ratio %: 29.80%
GF Value™: $176.36 vs. price of $177.84 (0.8% above fair value)
No single metric tells the full story. See the CINF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cincinnati Financial Corp is a property and casualty insurance company that generates income through written premiums. A select group of independent agencies actively markets the company's business, home, and automotive insurance within their communities. These agents offer the company's personal lines as well as its standard market, excess, and surplus commercial line policies in many regions in the United States. Cincinnati Financial also offers leasing and financing services. The company operates in segments: Commercial lines insurance, Personal lines insurance, Excess and surplus lines insurance, Life insurance, and Investments. The vast majority of the company's revenue is generated through commercial lines, followed by personal lines.
74GF Score
Get the complete analysis for CINF
Expense Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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