Cincinnati Financial Corporation Declares Regular Quarterly Cash Dividend PR Newswire CINCINNATI, Feb. 4, 2013 CINCINNATI, Feb. 4, 2013 /PRNewswire/ --Cincinnati Financial Corporation (Nasdaq: CINF) announced that at its regular meeting on February 1, 2013, the board of directors declared a 40.75-cents-per-share regular quarterly cash dividend, payable April 15,2013, to shareholders of record as of March 20, 2013. (Logo: http://photos.prnewswire.com/prnh/20110824/CL57087LOGO ) Steven J. Johnston, president and chief executive officer, commented, "The company's recent strong operating performance and exceptional financial strength, along with its outstanding agents and talented associates, enables us to reward shareholders in the near term and long term. The board of directors continues to favor regular dividends as the primary means of returning capital to shareholders, while maintaining appropriate capital to support planned future growth of insurance operations." Cincinnati Financial Corporation offers business, home and auto insurance, our main business, through TheCincinnati Insurance Company and its two standard market property casualty companies. The same local independent insurance agencies that market those policies may offer products of our other subsidiaries, including life and disability income insurance, fixed annuities and surplus lines property and casualty insurance. Foradditional information about the company, please visit www.cinfin.com. Mailing Address: Street Address: P.O. Box 145496 6200 South Gilmore Road Cincinnati, Ohio 45250-5496 Fairfield, Ohio 45014-5141 Safe Harbor Statement This is our "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995. Our business is subject to certain risks and uncertainties that may cause actual results to differ materially from those suggested by the forward-looking statements in this report. Some of those risks and uncertainties are discussed in our 2011 Annual Report on Form 10-K, Item 1A, Risk Factors, Page 26. Factors that could cause or contribute to such differences include, but are not limited to: oUnusually high levels of catastrophe losses due to riskconcentrations, changes in weather patterns, environmental events, terrorism incidents or othercauses oIncreased frequency and/or severity of claims oInadequate estimates or assumptions used for critical accounting estimates oRecession or other economic conditions resulting in lower demand for insurance products or increased payment delinquencies oDeclines in overall stock market values negatively affecting the company's equity portfolio and bookvalue oEvents resulting in capital market or credit market uncertainty, followed by prolonged periods of economic instability or recession, that leadto: oSignificant or prolonged decline in the value of a particular security or group of securities and impairment of the asset(s) oSignificant decline in investment income due to reduced or eliminated dividend payouts from a particular security or group of securities oSignificant rise in losses from surety and director and officer policies written for financialinstitutions or other insured entities oProlonged low interest rate environment or other factors that limit the company's ability to generate growth in investment income or interest rate fluctuations that result in declining values of fixed-maturity investments, including declines in accounts in which we hold bank-owned life insurance contract assets oIncreased competition that could result in a significant reduction in the company's premium volume oDelays or performance inadequacies from ongoing development and implementation of underwriting and pricing methods or technology projects and enhancements expected to increase our pricing accuracy, underwriting profit and competitiveness oChanging consumer insurance-buying habits and consolidation of independent insurance agencies that could alter our competitive advantages oInability to obtain adequate reinsurance on acceptable terms, amount of reinsurance purchased, financial strength of reinsurers and the potential for non-payment or delay in payment by reinsurers oDifficulties with technology or data security breaches, including cyber attacks, that could negatively affect our ability to conduct businessand our relationships with agents, policyholders and others oInability to defer policy acquisition costs for any business segment if pricing and loss trends would lead management to conclude that segment could not achieve sustainable profitability oEvents or conditions that could weaken or harm the company's relationships with its independent agencies and hamper opportunities to add new agencies, resulting in limitations on the company's opportunities for growth, suchas: oDowngrades of the company's financial strengthratings oConcerns that doing business with the company is too difficult oPerceptions that the company's level of service, particularly claims service, is no longer a distinguishing characteristic in the marketplace oActions of insurance departments, state attorneys general or other regulatory agencies, including a change to a federal system of regulation from a state-based system, that: oImpose new obligations on us that increase our expenses or change the assumptions underlying our critical accounting estimates oPlace the insurance industry under greater regulatory scrutiny or result in new statutes, rules andregulations oRestrict our ability to exit or reduce writings of unprofitable coverages or lines of business oAdd assessments for guaranty funds, other insurance related assessments or mandatory reinsurance arrangements; or that impair our ability to recover such assessments through future surcharges or other rate changes oIncrease our provision for federal income taxes due to changes in tax law oIncrease our other expenses oLimit our ability to set fair, adequate and reasonablerates oPlace us at a disadvantage in the marketplace oRestrict our ability to execute our business model, including the way we compensate agents oAdverse outcomes from litigation or administrative proceedings oEvents or actions, including unauthorized intentional circumvention of controls, that reduce the company's future ability to maintain effective internal control over financial reporting under the Sarbanes-Oxley Act of2002 oUnforeseen departure of certain executive officers or other key employees due to retirement, health or othercauses that could interrupt progress toward important strategic goals or diminish the effectiveness of certain longstanding relationships with insurance agents and others oEvents, such as an epidemic, natural catastrophe or terrorism, that could hamper our ability to assemble our workforce at our headquarters location Further, the company's insurance businesses are subject to the effects of changing social, economic and regulatory environments. Public and regulatory initiatives have included efforts to adversely influence and restrict premium rates, restrict the ability to cancel policies, impose underwriting standards and expand overall regulation. The company also is subject to public and regulatory initiatives that can affect the market value for its common stock, such as measures affecting corporate financial reporting and governance. Theultimate changes and eventual effects, if any, of these initiatives are uncertain. SOURCE Cincinnati Financial Corporation Contact: Investor Contact: Dennis E. McDaniel, +1-513-870-2768, CINF-IR@cinfin.com; or Media Contact: Joan O. Shevchik, +1-513-603-5323, Media_Inquiries@cinfin.com
Cincinnati Financial Corporation Declares Regular Quarterly Cash Dividend
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