Cincinnati Financial Corporation Declares Regular Quarterly Cash Dividend

  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,

(Logo: )

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

  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
  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

  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
       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
  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

SOURCE Cincinnati Financial Corporation

Contact: Investor Contact: Dennis E. McDaniel, +1-513-870-2768,; or Media Contact: Joan O. Shevchik, +1-513-603-5323,
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