Cincinnati Financial Corporation Review 2019: Do you know of a company in the finance sector which has been in the Fortune 500 list more than thrice? If you don’t, you have come to the right place. We are talking about Cincinnati Financial Corporation.
THE YEAR 1950
Cincinnati Financial Corporation was founded by four agents (including brothers John Jack Schiff and Robert Cleveland Schiff) in 1950. This firm is a property and casualty insurer. Cincinnati Financial Corporation is headquartered at Fairfield, Ohio.
Cincinnati Financial Corporation Review 2019
Cincinnati Financial Corporation is an organization which holds the awe of many finance mavericks and insurance enthusiasts. In addition to that, it is one of the most coveted organizations to be a part of – especially in the finance sector. Here are some fun facts about this grand organization which many of you might not know.
Currently, the CEO of Cincinnati Financial Corporation is Mr. Steven J. Johnston who is also the President, Chief Executive Officer and Director of Cincinnati Financial Corporation. This firm deals with the sector of financials and it covers the industries of Insurance: Property and Casualty (Stock).
Like it has already been said, the HQ Location of Cincinnati Financial Corporation is at Fairfield, Ohio. The web site of Cincinnati Financial Corporation can be accessed at www.cinfin.com. Cincinnati Financial Corporation has been on the Fortune 500 List for 4 years. The current number of Employees of Cincinnati Financial Corporation is 4,925.
Speaking in broader terms, Cincinnati Financial Corporation offers property insurance and casualty insurance too – which is primarily its main business, through The Cincinnati Casualty Company, The Cincinnati Indemnity Company, and The Cincinnati Insurance Company.
This company has about 1.01% of the domestic property and casualty insurance premiums. It is because of this that Cincinnati Financial Corporation ranks it as the 20th largest insurance company by market share in the USA.
The Cincinnati Life Insurance Company markets disability income, life insurance, and annuities. CFC Investment Company, through commercial leasing and financing activities, supports their independent agent representatives and their insurance subsidiaries. Asset management services are provided by CinFin Capital Management Company to institutions, corporations, and individuals.
The YEAR 2001
In the year 2001, SFAS 133 adjustments were included. These adjustments realized capital gains or losses – rather than investment income. An after-tax gain of $1.3 million was the impact on nine-month 2001 earnings. Prior to period 2001, the results were restated on this basis here on.
The YEAR 2008
In the year 2008, Cincinnati Financial Corporation started a new subsidiary called the Cincinnati Specialty Underwriters Insurance Company. Via this subsidiary, Cincinnati Financial Corporation began writing excess and surplus lines insurance.
That being said, you can yourself look at the plethora of services that Cincinnati Financial Corporation offers. There is no doubt why this organization is setting up high standards amongst all other firms in the domain of Finance.
There are values which can be emulated form Cincinnati Financial Corporation, processes which can be implemented across all Finance and Insurance related domains and facilities which can be replicated across many such organizations only for the betterment of the customers. Cincinnati Financial Corporation is a model organization and we hope it continues to be an inspiration. (Cincinnati Financial Corporation Review 2019)