Cincinnati Financial Management
Management criteria checks 3/4
Cincinnati Financial's CEO is Steve Spray, appointed in May 2022, has a tenure of 2.58 years. total yearly compensation is $4.71M, comprised of 19% salary and 81% bonuses, including company stock and options. directly owns 0.032% of the company’s shares, worth $7.23M. The average tenure of the management team and the board of directors is 10.9 years and 12.8 years respectively.
Key information
Steve Spray
Chief executive officer
US$4.7m
Total compensation
| CEO salary percentage | 19.0% |
| CEO tenure | 2.6yrs |
| CEO ownership | 0.03% |
| Management average tenure | 10.9yrs |
| Board average tenure | 12.8yrs |
Recent management updates
Recent updates
Why Investors Shouldn't Be Surprised By Cincinnati Financial Corporation's (NASDAQ:CINF) Low P/E
Nov 17
Cincinnati Financial: Improved Results Are Reflected In Valuation (Rating Downgrade)
Nov 02Cincinnati Financial: Don't Miss Out On This Dividend Aristocrat Now
Oct 08Cincinnati Financial Corporation's (NASDAQ:CINF) Low P/E No Reason For Excitement
Aug 13Cincinnati Financial: This Quality Dividend Grower Remains On Sale
Jun 14Unveiling Cincinnati Financial: A Spotlight On Strong Q1 Results And Unique Investment Strategy
Apr 29Getting In Cheap On Cincinnati Financial Corporation (NASDAQ:CINF) Is Unlikely
Apr 03Results: Cincinnati Financial Corporation Beat Earnings Expectations And Analysts Now Have New Forecasts
Feb 09Unpleasant Surprises Could Be In Store For Cincinnati Financial Corporation's (NASDAQ:CINF) Shares
Dec 28Cincinnati Financial's Unique Investment Portfolio Makes It A Mini-Berkshire Hathaway
Oct 12Cincinnati Financial declares $0.69 dividend
Aug 19Cincinnati Financial: A Post-Drop Dividend King
Aug 03Cincinnati Financial Non-GAAP EPS of $0.65 misses by $0.39, Earned premiums of $1.77B misses by $190M
Jul 27Cincinnati Financial: Dividend King At Fair Value
May 19Cincinnati Financial: A Dividend King To Help You Sleep Well At Night
Feb 17CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| 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$2b |
Compensation vs Market: Steve's total compensation ($USD4.71M) is below average for companies of similar size in the US market ($USD12.88M).
Compensation vs Earnings: Steve's compensation has increased by more than 20% in the past year.
CEO
Steve Spray (58 yo)
2.6yrs
Tenure
US$4,708,647
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 | 13.6yrs | US$8.38m | 0.12% $ 27.2m | |
| President | 2.6yrs | US$4.71m | 0.032% $ 7.2m | |
| CFO, Principal Accounting Officer | 13.6yrs | US$4.93m | 0.063% $ 14.3m | |
| Chief Risk Officer & Executive VP of The Cincinnati Insurance Company | 13.6yrs | US$3.11m | 0.028% $ 6.4m | |
| Chief Information Officer & Executive VP of The Cincinnati Insurance Company | 14.9yrs | US$3.40m | 0.054% $ 12.2m | |
| Executive VP & Chief Investment Officer | 1.9yrs | no data | 0.0090% $ 2.0m | |
| VP & Investor Relations Officer | 15.9yrs | no data | no data | |
| Executive VP | less than a year | no data | 0.011% $ 2.4m | |
| Vice President of Corporate Communications | no data | no data | no data | |
| Senior Vice President of The Cincinnati Insurance Company | 16.9yrs | no data | 0.026% $ 5.9m | |
| Senior Vice President of The Cincinnati Insurance Company | 10.9yrs | no data | 0.018% $ 4.2m | |
| MD & Head of Specialty Casualty Reinsurance | 8.3yrs | no data | no data |
10.9yrs
Average Tenure
58yo
Average Age
Experienced Management: CINF's management team is seasoned and experienced (10.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 13.6yrs | US$8.38m | 0.12% $ 27.2m | |
| President | less than a year | US$4.71m | 0.032% $ 7.2m | |
| Independent Director | 22.9yrs | US$230.32k | 0.021% $ 4.8m | |
| Director | 45.7yrs | US$235.70k | 0.32% $ 73.3m | |
| Independent Director | 19.7yrs | US$202.72k | 0.019% $ 4.4m | |
| Independent Director | 4.3yrs | US$207.87k | 0.0035% $ 800.0k | |
| Independent Director | 20.7yrs | US$202.98k | 0.032% $ 7.2m | |
| Lead Independent Director | 12.1yrs | US$263.49k | 0.036% $ 8.0m | |
| Independent Director | 11.1yrs | US$234.60k | 0.036% $ 8.2m | |
| Independent Director | 5.3yrs | US$223.97k | 0.0028% $ 641.8k | |
| Independent Director | 14.8yrs | US$224.62k | 0.010% $ 2.3m | |
| Non-Independent Director | 4.3yrs | US$202.41k | 0.63% $ 142.1m |
12.8yrs
Average Tenure
63.5yo
Average Age
Experienced Board: CINF's board of directors are seasoned and experienced ( 12.8 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 10:35 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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 |
| |
| 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 here.
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 .
Analyst Sources
Cincinnati Financial Corporation is covered by 21 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 |
| Grace Carter | BofA Global Research |