Cincinnati Financial Management
Management criteria checks 2/4
Cincinnati Financial's CEO is Steve Spray, appointed in May 2022, has a tenure of 1.33 years. total yearly compensation is $8.78M, comprised of 12.1% salary and 87.9% bonuses, including company stock and options. directly owns 0.033% of the company’s shares, worth €7.04M. The average tenure of the management team and the board of directors is 11.3 years and 13.3 years respectively.
Key information
Steve Spray
Chief executive officer
US$8.8m
Total compensation
| CEO salary percentage | 12.08% |
| CEO tenure | 3yrs |
| CEO ownership | 0.03% |
| Management average tenure | 11.3yrs |
| Board average tenure | 13.3yrs |
Recent management updates
No updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2025 | n/a | n/a | US$1b |
| Dec 31 2024 | US$9m | US$1m | US$2b |
| Sep 30 2024 | n/a | n/a | US$3b |
| Jun 30 2024 | n/a | n/a | US$2b |
| Mar 31 2024 | n/a | n/a | US$2b |
| Dec 31 2023 | US$5m | US$894k | US$2b |
| Sep 30 2023 | n/a | n/a | US$2b |
| Jun 30 2023 | n/a | n/a | US$1b |
| Mar 31 2023 | n/a | n/a | US$4m |
| Dec 31 2022 | US$4m | US$784k | -US$487m |
| Sep 30 2022 | n/a | n/a | -US$30m |
| Jun 30 2022 | n/a | n/a | US$539m |
| Mar 31 2022 | n/a | n/a | US$2b |
| Dec 31 2021 | US$3m | US$733k | US$3b |
| Sep 30 2021 | n/a | n/a | US$3b |
| Jun 30 2021 | n/a | n/a | US$3b |
| Mar 31 2021 | n/a | n/a | US$3b |
| Dec 31 2020 | US$2m | US$736k | US$1b |
| Sep 30 2020 | n/a | n/a | US$793m |
| Jun 30 2020 | n/a | n/a | US$557m |
| Mar 31 2020 | n/a | n/a | US$76m |
| Dec 31 2019 | US$2m | US$607k | US$2b |
Compensation vs Market: Steve's total compensation ($USD8.78M) is above average for companies of similar size in the Italian market ($USD2.64M).
Compensation vs Earnings: Steve's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Steve Spray (58 yo)
3yrs
Tenure
US$8,784,200
Compensation
Mr. Stephen Michael Spray, also known as Steve, serves as President of Cincinnati Financial Corporation since May 07, 2022 & serves as its Director since January 27, 2024 and serves as its Chief Executive...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 14yrs | US$9.88m | 0.24% € 50.6m | |
| President | 3yrs | US$8.78m | 0.033% € 7.0m | |
| CFO, Principal Accounting Officer | 14yrs | US$5.99m | 0.072% € 15.2m | |
| Executive VP & Chief Investment Officer | 2.3yrs | US$3.36m | 0.0093% € 2.0m | |
| Chief Risk Officer & Executive VP of The Cincinnati Insurance Company | 14yrs | US$3.80m | 0.029% € 6.2m | |
| Chief Information Officer & Executive VP of The Cincinnati Insurance Company | 15.3yrs | US$4.14m | 0.061% € 12.9m | |
| VP & Investor Relations Officer | 16.3yrs | no data | no data | |
| Executive VP | 1yr | no data | 0.011% € 2.3m | |
| Vice President of Corporate Communications | no data | no data | no data | |
| Senior Vice President of The Cincinnati Insurance Company | 17.3yrs | no data | 0.027% € 5.7m | |
| Executive Vice President | 11.3yrs | no data | 0.020% € 4.2m | |
| MD & Head of Specialty Casualty Reinsurance | 8.8yrs | no data | no data |
11.3yrs
Average Tenure
58yo
Average Age
Experienced Management: 1CINF's management team is seasoned and experienced (11.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 14yrs | US$9.88m | 0.24% € 50.6m | |
| President | 1.3yrs | US$8.78m | 0.033% € 7.0m | |
| Independent Director | 23.3yrs | US$296.73k | 0.022% € 4.6m | |
| Director | 46.1yrs | US$285.59k | 0.33% € 69.1m | |
| Independent Director | 20.1yrs | US$286.50k | 0.020% € 4.2m | |
| Independent Director | 4.8yrs | US$294.51k | 0.0049% € 1.0m | |
| Independent Director | 21.1yrs | US$287.51k | 0.033% € 6.9m | |
| Lead Independent Director | 12.5yrs | US$386.20k | 0.036% € 7.7m | |
| Independent Director | 11.5yrs | US$306.36k | 0.039% € 8.2m | |
| Independent Director | 5.8yrs | US$271.65k | 0.0036% € 755.0k | |
| Independent Director | 15.3yrs | US$273.08k | 0.011% € 2.3m | |
| Non-Independent Director | 4.8yrs | US$293.12k | 0.63% € 133.4m |
13.3yrs
Average Tenure
63.5yo
Average Age
Experienced Board: 1CINF's board of directors are seasoned and experienced ( 13.3 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/18 00:10 |
| End of Day Share Price | 2025/05/16 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Cincinnati Financial Corporation is covered by 20 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Michael Zaremski | BMO Capital Markets Equity Research |
| Joshua Shanker | BofA Global Research |
| Amit Kumar | Buckingham Research Group Inc. |