Cincinnati Financial Management
Management criteria checks 3/4
Cincinnati Financial's CEO is Steve Spray, appointed in May 2022, has a tenure of 3.67 years. total yearly compensation is $8.78M, comprised of 12.1% salary and 87.9% bonuses, including company stock and options. directly owns 0.041% of the company’s shares, worth $10.42M. The average tenure of the management team and the board of directors is 12 years and 13.9 years respectively.
Key information
Steve Spray
Chief executive officer
US$8.8m
Total compensation
| CEO salary percentage | 12.08% |
| CEO tenure | 3.7yrs |
| CEO ownership | 0.04% |
| Management average tenure | 12yrs |
| Board average tenure | 13.9yrs |
Recent management updates
Recent updates
Cincinnati Financial: Underwriting Improvements Continue In Q3
Oct 28Cincinnati Financial Corporation's (NASDAQ:CINF) Share Price Is Matching Sentiment Around Its Earnings
Sep 16
Lacklustre Performance Is Driving Cincinnati Financial Corporation's (NASDAQ:CINF) Low P/E
Apr 02Cincinnati Financial (NASDAQ:CINF) Is Increasing Its Dividend To $0.87
Mar 06Cincinnati Financial's (NASDAQ:CINF) Shareholders Will Receive A Bigger Dividend Than Last Year
Feb 06Cincinnati Financial: This Dividend King Is Still Buyable Now
Jan 23Revisiting Cincinnati Financial: A Unique Investment Strategy For A Fairly-Valued Steady Dividend Aristocrat
Dec 26Cincinnati Financial: Improved Results Are Reflected In Valuation (Rating Downgrade)
Nov 02Cincinnati Financial: Don't Miss Out On This Dividend Aristocrat Now
Oct 08
Calculated Moves In Insurance Market Forge Path For Growth And Stability
Emphasis on agent relationships and responsive strategies in tough markets aims to boost customer loyalty, retention, and revenue growth.Cincinnati Financial: This Quality Dividend Grower Remains On Sale
Jun 14Unveiling Cincinnati Financial: A Spotlight On Strong Q1 Results And Unique Investment Strategy
Apr 29CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2025 | n/a | n/a | US$2b |
| Jun 30 2025 | n/a | n/a | US$2b |
| 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 below average for companies of similar size in the US market ($USD13.47M).
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 (59 yo)
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 | 14.7yrs | US$9.88m | 0.13% $ 32.0m | |
| President | 3.7yrs | US$8.78m | 0.041% $ 10.4m | |
| CFO, Principal Accounting Officer | 14.7yrs | US$5.99m | 0.075% $ 19.1m | |
| Executive VP & Chief Investment Officer | 3yrs | US$3.36m | 0.0095% $ 2.4m | |
| Chief Risk Officer & Executive VP of The Cincinnati Insurance Company | 14.7yrs | US$3.80m | 0.029% $ 7.4m | |
| Chief Information Officer & Executive VP of The Cincinnati Insurance Company | 16yrs | US$4.14m | 0.062% $ 15.7m | |
| VP & Investor Relations Officer | 17yrs | no data | no data | |
| Executive VP | 1.7yrs | no data | 0.011% $ 2.8m | |
| Vice President of Corporate Communications | no data | no data | no data | |
| Senior Vice President of The Cincinnati Insurance Company | 18yrs | no data | 0.029% $ 7.5m | |
| Executive Vice President | 12yrs | no data | 0.023% $ 5.9m | |
| MD & Head of Specialty Casualty Reinsurance | 9.4yrs | no data | no data |
Experienced Management: CINF's management team is seasoned and experienced (12 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 14.7yrs | US$9.88m | 0.13% $ 32.0m | |
| President | 2yrs | US$8.78m | 0.041% $ 10.4m | |
| Independent Director | 24yrs | US$296.73k | 0.022% $ 5.6m | |
| Director | 46.8yrs | US$285.59k | 0.33% $ 83.4m | |
| Independent Director | 20.8yrs | US$286.50k | 0.020% $ 5.1m | |
| Independent Director | 5.4yrs | US$294.51k | 0.0049% $ 1.2m | |
| Independent Director | 21.8yrs | US$287.51k | 0.033% $ 8.3m | |
| Lead Independent Director | 13.2yrs | US$386.20k | 0.037% $ 9.6m | |
| Independent Director | 12.2yrs | US$306.36k | 0.039% $ 10.0m | |
| Independent Director | 6.4yrs | US$271.65k | 0.0036% $ 912.2k | |
| Independent Director | 15.9yrs | US$273.08k | 0.011% $ 2.8m | |
| Non-Independent Director | 5.4yrs | US$293.12k | 0.63% $ 161.4m |
Experienced Board: CINF's board of directors are seasoned and experienced ( 13.9 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/01/02 14:38 |
| End of Day Share Price | 2025/12/31 00:00 |
| Earnings | 2025/09/30 |
| 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 |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
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 17 analysts. 6 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 |
| Charles Lederer | Citigroup Inc |