Item 15. Exhibits, Financial Statement Schedules

a) Financial Statements – information contained in Part II, Item 8, of this report, Page 119 to Page 178

b) Exhibits – see Index of Exhibits, Page 197

c) Financial Statement Schedules

Schedule I – Summary of Investments – Other Than Investments in Related Parties, Page 185

Schedule II – Condensed Financial Statements of Parent Company, Page 187

Schedule III – Supplementary Insurance Information, Page 191

Schedule IV – Reinsurance, Page 193

Schedule V – Valuation and Qualifying Accounts, Page 194

Schedule VI – Supplementary Information Concerning Property Casualty Insurance Operations, Page 195

Cincinnati Financial Corporation - 2018 10-K - Page 184

Schedule I

Cincinnati Financial Corporation and Subsidiaries
Summary of Investments - Other Than Investments in Related Parties
(Dollars in millions)		At December 31, 2018
Type of investment		Cost or amortized cost				Fair value				Balance sheet
Fixed maturities:
States, municipalities and political subdivisions:
The Cincinnati Insurance Company		$	3,245			$	3,282			$	3,282
The Cincinnati Casualty Company		181				182				182
The Cincinnati Indemnity Company		44				44				44
The Cincinnati Life Insurance Company		302				310				310
The Cincinnati Specialty Underwriters Insurance Company		459				466				466
CSU Producer Resources Inc.		1				1				1
Cincinnati Financial Corporation		19				19				19
Total		4,251				4,304				4,304
United States government:
The Cincinnati Insurance Company		64				64				64
The Cincinnati Casualty Company		2				2				2
The Cincinnati Indemnity Company		1				1				1
Total		67				67				67
Government-sponsored enterprises:
The Cincinnati Insurance Company		5				6				6
The Cincinnati Life Insurance Company		311				304				304
Total		316				310				310
Foreign government:
The Cincinnati Insurance Company		10				10				10
Total		10				10				10
All other corporate bonds:
The Cincinnati Insurance Company		2,861				2,860				2,860
The Cincinnati Casualty Company		112				112				112
The Cincinnati Indemnity Company		31				32				32
The Cincinnati Specialty Underwriters Insurance Company		158				157				157
The Cincinnati Life Insurance Company		2,820				2,820				2,820
CSU Producer Resources Inc.		1				1				1
Cincinnati Financial Corporation		16				16				16
Total		5,999				5,998				5,998
Total fixed maturities		$	10,643			$	10,689			$	10,689

Cincinnati Financial Corporation - 2018 10-K - Page 185

Schedule I (continued)

Cincinnati Financial Corporation and Subsidiaries
Summary of Investments - Other Than Investments in Related Parties
(Dollars in millions)		At December 31, 2018
Type of investment		Cost or amortized cost				Fair value				Balance sheet
Equity securities:
Common equities:
The Cincinnati Insurance Company		$	1,731			$	3,216			$	3,216
The Cincinnati Casualty Company		58				108				108
The Cincinnati Indemnity Company		17				26				26
The Cincinnati Specialty Underwriters Insurance Company		91				138				138
CSU Producer Resources Inc.		17				21				21
Cincinnati Financial Corporation		1,281				2,233				2,233
Total		3,195				5,742				5,742
Nonredeemable preferred equities:
The Cincinnati Insurance Company		167				169				169
The Cincinnati Life Insurance Company		5				8				8
Cincinnati Financial Corporation		1				1				1
Total		173				178				178
Total equity securities		$	3,368			$	5,920			$	5,920
Other invested assets:
Policy loans:
The Cincinnati Life Insurance Company		$	33			—				$	33
Private equity:
Cincinnati Financial Corporation (1)		30				—				31
The Cincinnati Insurance Company (1)		20				—				20
The Cincinnati Life Insurance Company (1)		10				—				9
Real estate:
The Cincinnati Life Insurance Company (1)		24				—				24
Cincinnati Financial Corporation (1)		6				—				6
Total other invested assets		$	123			—				$	123
Total investments		$	14,134			—				$	16,732

Notes to Schedule I:

(1) These other invested assets are accounted for under the equity method.

Cincinnati Financial Corporation - 2018 10-K - Page 186

Schedule II

Cincinnati Financial Corporation (parent company only)
Condensed Balance Sheets
(Dollars in millions)		At December 31,
		2018				2017
Assets
Investments
Fixed maturities, at fair value (amortized cost: 2018—$35; 2017—$35)		$	35			$	37
Equity securities, at fair value (cost: 2018—$1,282; 2017—$1,159)		2,234				2,275
Other invested assets		36				35
Total investments		2,305				2,347
Cash and cash equivalents		209				199
Equity in net assets of subsidiaries		6,152				6,542
Investment income receivable		6				8
Land, building and equipment, net, for company use (accumulated depreciation: 2018—$121; 2017—$115)		137				130
Income tax receivable		1				15
Other assets		48				52
Due from subsidiaries		106				107
Total assets		$	8,964			$	9,400
Liabilities
Dividends declared but unpaid		$	86			$	82
Deferred federal income tax		198				234
Long-term debt		788				787
Other liabilities		59				54
Total liabilities		1,131				1,157
Shareholders' Equity
Common stock		397				397
Paid-in capital		1,281				1,265
Retained earnings		7,625				5,180
Accumulated other comprehensive income		22				2,788
Treasury stock at cost		(1,492		)		(1,387		)
Total shareholders' equity		7,833				8,243
Total liabilities and shareholders' equity		$	8,964			$	9,400

This condensed financial information should be read in conjunction with the Consolidated Financial Statements and Notes included in Part II, Item 8.

Cincinnati Financial Corporation - 2018 10-K - Page 187

Schedule II (continued)

Cincinnati Financial Corporation (parent company only)
Condensed Statements of Income
(Dollars in millions)		Years ended December 31,
		2018				2017				2016
Revenues
Investment income, net of expenses		$	65			$	62			$	56
Investment gains and losses, net		(108		)		28				27
Other revenue		15				15				15
Total revenues		(28		)		105				98
Expenses
Interest expense		52				52				52
Other expenses		31				28				27
Total expenses		83				80				79
Income (Loss) Before Income Taxes and Earnings of Subsidiaries		(111		)		25				19
Benefit for income taxes		(31		)		(161		)		(6		)
Net Income (Loss) Before Earnings of Subsidiaries		(80		)		186				25
Increase in equity of subsidiaries		367				859				566
Net Income		$	287			$	1,045			$	591

This condensed financial information should be read in conjunction with the Consolidated Financial Statements and Notes included in Part II, Item 8.

Cincinnati Financial Corporation - 2018 10-K - Page 188

Schedule II (continued)

Cincinnati Financial Corporation (parent company only)
Condensed Statements of Comprehensive Income
(Dollars in millions)		Years ended December 31,
		2018				2017				2016
Net Income		$	287			$	1,045			$	591
Other Comprehensive Income (Loss), Before Tax
Unrealized gains and (losses) on investments available for sale		(110		)		391				221
Unrealized gains and (losses) on investments held by subsidiaries		(631		)		672				434
Reclassification adjustment for (gains) and losses included in net income		108				(28		)		(27		)
Reclassification adjustment for (gains) included in net income on subsidiaries		294				(120		)		(97		)
Unrealized (losses) and gains on other		—				(2		)		(6		)
Unrealized gains and (losses) on other subsidiaries		9				1				(4		)
Unrealized gains and (losses) on investments available for sale, investments held by subsidiaries and other		(330		)		914				521
Amortization of pension actuarial gains (losses) and prior service cost		(4		)		14				16
Other comprehensive income (loss) before tax		(334		)		928				537
Income taxes on above of other comprehensive income (loss)		(71		)		325				188
Other comprehensive income (loss), net of tax		(263		)		603				349
Comprehensive Income		$	24			$	1,648			$	940

This condensed financial information should be read in conjunction with the Consolidated Financial Statements and Notes included in Part II, Item 8.

Cincinnati Financial Corporation - 2018 10-K - Page 189

Schedule II (continued)

Cincinnati Financial Corporation (parent company only)
Condensed Statements of Cash Flows
(Dollars in millions)		Years ended December 31,
		2018				2017				2016
Cash Flows From Operating Activities
Net income		$	287			$	1,045			$	591
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		7				7				6
Investment gains and losses, net		114				(28		)		(27		)
Dividends from subsidiaries		500				465				475
Changes in:
Increase in equity of subsidiaries		(367		)		(859		)		(566		)
Investment income receivable		2				—				(2		)
Current federal income taxes		14				(5		)		(4		)
Deferred income tax		(35		)		(150		)		8
Other assets		(17		)		(20		)		(4		)
Other liabilities		3				15				(1		)
Intercompany receivable for operations		19				13				20
Net cash provided by operating activities		527				483				496
Cash Flows From Investing Activities
Sale of fixed maturities		1				—				—
Call or maturity of fixed maturities		19				14				5
Sale of equity securities		131				230				135
Purchase of fixed maturities		(17		)		(2		)		—
Purchase of equity securities		(177		)		(293		)		(175		)
Investment in buildings and equipment		(12		)		(3		)		(2		)
Change in other invested assets, net		(11		)		—				6
Net cash used in investing activities		(66		)		(54		)		(31		)
Cash Flows From Financing Activities
Payment of cash dividends to shareholders		(336		)		(400		)		(306		)
Shares acquired - share repurchase authorization		(125		)		(92		)		(39		)
Proceeds from stock options exercised		9				13				21
Other		1				1				1
Net cash used in financing activities		(451		)		(478		)		(323		)
Net change in cash and cash equivalents		10				(49		)		142
Cash and cash equivalents at beginning of year		199				248				106
Cash and cash equivalents at end of year		$	209			$	199			$	248

This condensed financial information should be read in conjunction with the Consolidated Financial Statements and Notes included in Part II, Item 8.

Cincinnati Financial Corporation - 2018 10-K - Page 190

Schedule III

Cincinnati Financial Corporation and Subsidiaries
Supplementary Insurance Information
(Dollars in millions)		Years ended December 31,
		2018				2017				2016
Deferred policy acquisition costs:
Commercial lines insurance		$	291			$	284			$	271
Personal lines insurance		126				121				110
Excess and surplus lines insurance		21				17				16
Cincinnati Re		26				16				11
Total property casualty insurance		464				438				408
Life insurance		274				232				229
Total		$	738			$	670			$	637
Gross future policy benefits, losses, claims and expense losses:
Commercial lines insurance		$	4,466			$	4,236			$	4,179
Personal lines insurance		679				587				569
Excess and surplus lines insurance		298				264				241
Cincinnati Re		203				132				46
Total property casualty insurance		5,646				5,219				5,035
Life insurance		2,802				2,753				2,693
Total (1)		$	8,448			$	7,972			$	7,728
Gross unearned premiums:
Commercial lines insurance		$	1,576			$	1,548			$	1,510
Personal lines insurance		725				683				629
Excess and surplus lines insurance		123				105				93
Cincinnati Re		91				67				74
Total property casualty insurance		2,515				2,403				2,306
Life insurance		1				1				1
Total (1)		$	2,516			$	2,404			$	2,307
Other policy claims and benefits payable:
Commercial lines insurance		$	—			$	—			$	—
Personal lines insurance		—				—				—
Excess and surplus lines insurance		—				—				—
Cincinnati Re		—				—				—
Total property casualty insurance		—				—				—
Life insurance		38				30				28
Total (1)		$	38			$	30			$	28
Earned premiums:
Commercial lines insurance		$	3,218			$	3,165			$	3,089
Personal lines insurance		1,336				1,241				1,161
Excess and surplus lines insurance		234				209				183
Cincinnati Re		132				107				49
Total property casualty insurance		4,920				4,722				4,482
Life insurance		250				232				228
Total		$	5,170			$	4,954			$	4,710

Cincinnati Financial Corporation - 2018 10-K - Page 191

Schedule III (continued)

Cincinnati Financial Corporation and Subsidiaries
Supplementary Insurance Information
(Dollars in millions)		Years ended December 31,
		2018				2017				2016
Investment income, net of expenses:
Commercial lines insurance		$	—			$	—			$	—
Personal lines insurance		—				—				—
Excess and surplus lines insurance		—				—				—
Cincinnati Re		—				—				—
Total property casualty insurance (2)		401				392				384
Life insurance		153				155				155
Total		$	554			$	547			$	539
Benefits, claims losses and settlement expenses:
Commercial lines insurance		$	2,049			$	2,042			$	1,928
Personal lines insurance		972				918				840
Excess and surplus lines insurance		104				86				68
Cincinnati Re		98				92				25
Total property casualty insurance		3,223				3,138				2,861
Life insurance		267				252				246
Total		$	3,490			$	3,390			$	3,107
Amortization of deferred policy acquisition costs:
Commercial lines insurance		$	608			$	590			$	570
Personal lines insurance		242				225				209
Excess and surplus lines insurance		39				35				31
Cincinnati Re		18				17				10
Total property casualty insurance		907				867				820
Life insurance		39				46				43
Total (3)		$	946			$	913			$	863
Underwriting, acquisition and insurance expenses:
Commercial lines insurance		$	415			$	419			$	412
Personal lines insurance		147				135				128
Excess and surplus lines insurance		29				28				23
Cincinnati Re		24				18				6
Total property casualty insurance		615				600				569
Life insurance		36				33				33
Total (3)		$	651			$	633			$	602
Net written premiums:
Commercial lines insurance		$	3,245			$	3,202			$	3,122
Personal lines insurance		1,378				1,294				1,198
Excess and surplus lines insurance		249				219				189
Cincinnati Re		158				125				71
Total property casualty insurance		5,030				4,840				4,580
Accident health insurance		3				3				2
Total		$	5,033			$	4,843			$	4,582

Notes to Schedule III:

(1) The sum of gross future policy benefits, losses, claims and expense losses, gross unearned premium and other policy claims and benefits payable is equal to the sum of Loss and loss expense reserves, Life policy reserves and investment contract reserves and Unearned premiums reported in the company’s consolidated balance sheets.

(2) This segment information is not regularly allocated to segments and reviewed by company management in making decisions about resources to be allocated to the segments or to assess their performance.

(3) The sum of amortization of deferred policy acquisition costs and other underwriting and insurance expenses is equal to Underwriting, acquisition and insurance expenses in the consolidated statements of income.

Cincinnati Financial Corporation - 2018 10-K - Page 192

Schedule IV

Cincinnati Financial Corporation and Subsidiaries
Reinsurance
(Dollars in millions)		Years ended December 31,
		2018				2017				2016
Gross amounts:
Life insurance in force		$	104,726			$	99,888			$	95,533
Earned premiums
Commercial lines insurance		$	3,314			$	3,258			$	3,180
Personal lines insurance		1,372				1,275				1,195
Excess and surplus lines insurance		245				219				192
Cincinnati Re		—				—				—
Total property casualty insurance		4,931				4,752				4,567
Life insurance		320				300				290
Total		$	5,251			$	5,052			$	4,857
Ceded amounts to other companies:
Life insurance in force		$	38,584			$	38,711			$	38,724
Earned premiums
Commercial lines insurance		$	104			$	99			$	98
Personal lines insurance		37				35				35
Excess and surplus lines insurance		11				10				9
Cincinnati Re		8				18				20
Total property casualty insurance		160				162				162
Life insurance		70				68				62
Total		$	230			$	230			$	224
Assumed amounts from other companies:
Life insurance in force		$	—			$	—			$	—
Earned premiums
Commercial lines insurance		$	8			$	6			$	7
Personal lines insurance		1				1				1
Excess and surplus lines insurance		—				—				—
Cincinnati Re		140				125				69
Total property casualty insurance		149				132				77
Life insurance		—				—				—
Total		$	149			$	132			$	77
Net amounts:
Life insurance in force		$	66,142			$	61,177			$	56,808
Earned premiums
Commercial lines insurance		$	3,218			$	3,165			$	3,089
Personal lines insurance		1,336				1,241				1,161
Excess and surplus lines insurance		234				209				183
Cincinnati Re		132				107				49
Total property casualty insurance		4,920				4,722				4,482
Life insurance		250				232				228
Total		$	5,170			$	4,954			$	4,710
Percentage of amounts assumed to net:
Life insurance in force		—		%		—		%		—		%
Earned premiums
Commercial lines insurance		0.3		%		0.2		%		0.2		%
Personal lines insurance		0.1				0.1				0.1
Excess and surplus lines insurance		—				—				—
Cincinnati Re		106.1				116.1				140.8
Total property casualty insurance		3.0				2.8				1.7
Life insurance		—				—				—
Total		2.9				2.7				1.6

Cincinnati Financial Corporation - 2018 10-K - Page 193

Schedule V

Cincinnati Financial Corporation and Subsidiaries
Valuation and Qualifying Accounts
(Dollars in millions)		At December 31,
		2018				2017				2016
Allowance for doubtful receivables:
Beginning balance, January 1		$	6			$	5			$	4
Additions charged to costs and expenses		6				6				5
Deductions		(6		)		(5		)		(4		)
Ending balance, December 31		$	6			$	6			$	5

Cincinnati Financial Corporation - 2018 10-K - Page 194

Schedule VI

Cincinnati Financial Corporation and Subsidiaries
Supplementary Information Concerning Property Casualty Insurance Operations
(Dollars in millions)		Years ended December 31,
		2018				2017				2016
Deferred policy acquisition costs:
Commercial lines insurance		$	291			$	284			$	271
Personal lines insurance		126				121				110
Excess and surplus lines insurance		21				17				16
Cincinnati Re		26				16				11
Total		$	464			$	438			$	408
Reserves for unpaid claims and claim adjustment expenses:
Commercial lines insurance		$	4,466			$	4,236			$	4,179
Personal lines insurance		679				587				569
Excess and surplus lines insurance		298				264				241
Cincinnati Re		203				132				46
Total		$	5,646			$	5,219			$	5,035
Reserve discount deducted		$	—			$	—			$	—
Gross unearned premiums:
Commercial lines insurance		$	1,576			$	1,548			$	1,510
Personal lines insurance		725				683				629
Excess and surplus lines insurance		123				105				93
Cincinnati Re		91				67				74
Total		$	2,515			$	2,403			$	2,306
Earned premiums:
Commercial lines insurance		$	3,218			$	3,165			$	3,089
Personal lines insurance		1,336				1,241				1,161
Excess and surplus lines insurance		234				209				183
Cincinnati Re		132				107				49
Total		$	4,920			$	4,722			$	4,482
Investment income, net of expenses:
Commercial lines insurance		$	—			$	—			$	—
Personal lines insurance		—				—				—
Excess and surplus lines insurance		—				—				—
Cincinnati Re		—				—				—
Total (1)		$	401			$	392			$	384

Note to Schedule VI:

(1) This segment information is not regularly allocated to segments and not reviewed by company management in making decisions about resources to be allocated to the segments or to assess their performance.

Cincinnati Financial Corporation - 2018 10-K - Page 195

Schedule VI (continued)

Cincinnati Financial Corporation and Subsidiaries
Supplementary Information Concerning Property Casualty Insurance Operations
(Dollars in millions)		Years ended December 31,
		2018				2017				2016
Loss and loss expenses incurred related to current accident year:
Commercial lines insurance		$	2,206			$	2,115			$	2,057
Personal lines insurance		960				932				844
Excess and surplus lines insurance		128				115				102
Cincinnati Re		96				95				26
Total		$	3,390			$	3,257			$	3,029
Loss and loss expenses incurred related to prior accident years:
Commercial lines insurance		$	(157	)		$	(73	)		$	(129	)
Personal lines insurance		13				(14		)		(4		)
Excess and surplus lines insurance		(24		)		(29		)		(34		)
Cincinnati Re		1				(3		)		(1		)
Total		$	(167	)		$	(119	)		$	(168	)
Amortization of deferred policy acquisition costs:
Commercial lines insurance		$	608			$	590			$	570
Personal lines insurance		242				225				209
Excess and surplus lines insurance		39				35				31
Cincinnati Re		18				17				10
Total		$	907			$	867			$	820
Paid loss and loss expenses:
Commercial lines insurance		$	1,816			$	1,866			$	1,675
Personal lines insurance		913				898				771
Excess and surplus lines insurance		74				61				55
Cincinnati Re		44				18				2
Total		$	2,847			$	2,843			$	2,503
Net written premiums:
Commercial lines insurance		$	3,245			$	3,202			$	3,122
Personal lines insurance		1,378				1,294				1,198
Excess and surplus lines insurance		249				219				189
Cincinnati Re		158				125				71
Total		$	5,030			$	4,840			$	4,580

Cincinnati Financial Corporation - 2018 10-K - Page 196

Index of Exhibits

Exhibit No.	Exhibit Description
3.1	Amended and Restated Articles of Incorporation of Cincinnati Financial Corporation (incorporated by reference to the company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2017, Exhibit 3.1)
3.2	Amended and Restated Code of Regulations of Cincinnati Financial Corporation, as of May 5, 2018 (incorporated by reference to the company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2018, Exhibit 3.2)
4.1	Indenture with The Bank of New York Trust Company (incorporated by reference to the company’s Current Report on Form 8-K dated November 2, 2004, filed with respect to the issuance of the company’s 6.125% Senior Notes due November 1, 2034)
4.2	Supplemental Indenture with The Bank of New York Trust Company (incorporated by reference to the company’s Current Report on Form 8-K dated November 2, 2004, filed with respect to the issuance of the company’s 6.125% Senior Notes due November 1, 2034)
4.3	Second Supplemental Indenture with The Bank of New York Trust Company (incorporated by reference to the company’s Current Report on Form 8-K dated May 9, 2005, filed with respect to the completion of the company’s exchange offer and rescission offer for its 6.90% senior debentures due 2028)
4.4	Form of 6.125% Exchange Note Due 2034 (included in Exhibit 4.2)
4.5	Form of 6.92% Debentures Due 2028 (included in Exhibit 4.3)
4.6	Indenture with the First National Bank of Chicago (subsequently assigned to The Bank of New York Trust Company) (incorporated by reference to the company’s registration statement on Form S-3 filed on May 20, 1998 (File No. 333-51677))
4.7	Form of 6.90% Debentures Due 2028 (included in Exhibit 4.6)
10.1	Cincinnati Financial Corporation Nonemployee Director Stock Plan of 2018 (incorporated by reference to the company’s definitive Proxy Statement dated March 21, 2018)
10.2	Cincinnati Financial Corporation Stock Option Plan No. VII (incorporated by reference to the company’s definitive Proxy Statement dated March 8, 2002) (File No. 000-04604)
10.3	Cincinnati Financial Corporation Annual Incentive Compensation Plan of 2009, as amended January 31, 2014 (incorporated by reference to Exhibit 10.1 filed with the company’s Current Report on Form 8-K dated February 3, 2014)
10.4	Cincinnati Financial Corporation 2006 Stock Compensation Plan (incorporated by reference to the company’s definitive Proxy Statement dated March 30, 2006)
10.5	Cincinnati Financial Corporation 2012 Stock Compensation Plan (incorporated by reference to the company’s definitive Proxy Statement dated March 16, 2012)
10.6	Cincinnati Financial Corporation 2016 Stock Compensation Plan (incorporated by reference to the company’s Definitive Proxy Statement dated March 16, 2016, Appendix B)
10.7	First Amendment of Cincinnati Financial Corporation 2016 Stock Compensation Plan (incorporated by reference to Exhibit 99.1 filed with the Company’s current report on Form 8-K dated April 11, 2016)
10.8	Amended and Restated Cincinnati Financial Corporation Supplemental Retirement Plan dated January 1, 2009 (incorporated by reference to Exhibit 10.7 filed with the company’s Annual Report on Form 10-K dated February 27, 2013)
10.9	Form of Incentive Stock Option Agreement for Stock Option Plan VII (incorporated by reference to Exhibit 10.1 filed with the company’s Current Report on Form 8-K dated October 20, 2006)
10.10	Form of Nonqualified Stock Option Agreement for Stock Option Plan VII (incorporated by reference to Exhibit 10.2 filed with the company’s Current Report on Form 8-K dated October 20, 2006)
10.11	Form of Incentive Stock Option Agreement for the 2006 Stock Compensation Plan (incorporated by reference to Exhibit 10.3 filed with the company’s Current Report on Form 8-K dated October 20, 2006)
10.12	Form of Nonqualified Stock Option Agreement for the 2006 Stock Compensation Plan (incorporated by reference to Exhibit 10.4 filed with the company’s Current Report on Form 8-K dated October 20, 2006)
10.13	Form of Incentive Stock Option Agreement for the Cincinnati Financial Corporation 2012 Stock Compensation Plan (incorporated by reference to Exhibit 10.1 filed with the company’s Current Report on Form 8-K dated February 21, 2013)

Cincinnati Financial Corporation - 2018 10-K - Page 197

Exhibit No.	Exhibit Description
10.14	Form of Nonqualified Stock Option Agreement for the Cincinnati Financial Corporation 2012 Stock Compensation Plan (incorporated by reference to Exhibit 10.2 filed with the company’s Current Report on Form 8-K dated February 21, 2013)
10.15	Form of Restricted Stock Unit Agreement (service based) for the Cincinnati Financial Corporation 2012 Stock Compensation Plan (incorporated by reference to Exhibit 10.3 filed with the company’s Current Report on Form 8-K dated February 21, 2013)
10.16	Form of Restricted Stock Unit Agreement (service based/ratable) for the Cincinnati Financial Corporation 2012 Stock Compensation Plan (incorporated by reference to Exhibit 10.1 filed with the company’s Current Report on Form 8-K dated February 13, 2015)
10.17	Form of Restricted Stock Unit Agreement (performance based) for the Cincinnati Financial Corporation 2012 Stock Compensation Plan (incorporated by reference to Exhibit 10.4 filed with the company’s Current Report on Form 8-K dated February 21, 2013)
10.18	Form of Incentive Compensation Agreement for the Cincinnati Financial Corporation Incentive Compensation Plan of 2009 (as amended January 31, 2014) (incorporated by reference to Exhibit 10.1 filed with the company’s Current Report on Form 8-K dated January 30, 2017)
10.19	Form of Incentive Stock Option Agreement for the Cincinnati Financial Corporation 2012 Stock Compensation Plan (incorporated by reference to Exhibit 10.2 filed with the company’s Current Report on Form 8-K dated January 30, 2017)
10.2	Form of Nonqualified Stock Option Agreement for the Cincinnati Financial Corporation 2012 Stock Compensation Plan (incorporated by reference to Exhibit 10.3 filed with the company’s Current Report on Form 8-K dated January 30, 2017)
10.21	Form of Restricted Stock Unit Agreement (service based/cliff) for the Cincinnati Financial Corporation 2012 Stock Compensation Plan (incorporated by reference to Exhibit 10.4 filed with the company’s Current Report on Form 8-K dated January 30, 2017)
10.22	Form of Restricted Stock Unit Agreement (service based/ratable) for the Cincinnati Financial Corporation 2012 Stock Compensation Plan (incorporated by reference to Exhibit 10.5 filed with the company’s Current Report on Form 8-K dated January 30, 2017)
10.23	Form of Restricted Stock Unit Agreement (performance-based) for the Cincinnati Financial Corporation 2012 Stock Compensation Plan (incorporated by reference to Exhibit 10.6 filed with the company’s Current Report on Form 8-K dated January 30, 2017)
10.24	Form of Incentive Stock Option Agreement for the Cincinnati Financial Corporation 2016 Stock Compensation Plan (incorporated by reference to Exhibit 10.7 filed with the company’s Current Report on Form 8-K dated January 30, 2017)
10.25	Form of Nonqualified Stock Option Agreement for the Cincinnati Financial Corporation 2016 Stock Compensation Plan (incorporated by reference to Exhibit 10.8 filed with the company’s Current Report on Form 8-K dated January 30, 2017)
10.26	Form of Restricted Stock Unit Agreement (service based/cliff) for the Cincinnati Financial Corporation 2016 Stock Compensation Plan (incorporated by reference to Exhibit 10.9 filed with the company’s Current Report on Form 8-K dated January 30, 2017)
10.27	Form of Restricted Stock Unit Agreement (service based/ratable) for the Cincinnati Financial Corporation 2016 Stock Compensation Plan (incorporated by reference to Exhibit 10.10 filed with the company’s Current Report on Form 8-K dated January 30, 2017)
10.28	Form of Restricted Stock Unit Agreement (performance based) for the Cincinnati Financial Corporation 2016 Stock Compensation Plan (incorporated by reference to Exhibit 10.11 filed with the company’s Current Report on Form 8-K dated January 30, 2017)
10.29	Amended and Restated Cincinnati Financial Corporation Top Hat Savings Plan dated January 1, 2018 (incorporated by reference to Exhibit 10.31 filed with the company's Form 10-K dated February 23, 2018)
10.30	Cincinnati Financial Corporation Executive Deferred Compensation Agreement by and between the Cincinnati Financial Corporation and Michael J. Sewell, dated as of October 25, 2011 (incorporated by reference to Exhibit 10.2 filed with the company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2011)
10.31	Amended and Restated Credit Agreement by and among Cincinnati Financial Corporation, CFC Investment Company, PNC Bank, N.A. as Administrative Agent, PNC Capital Markets LLC, as Sole Bookrunner and Joint Lead Arranger, Fifth Third Bank, N.A., as Joint Lead Arranger and Syndication Agent, The Huntington National Bank and U.S. Bank, N.A., as Documentation Agents, dated May 13, 2014 (incorporated by reference to the company’s Current Report on Form 8-K dated May 13, 2014, Exhibit 10.1)

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Exhibit No.	Exhibit Description
10.32	First Amendment of the Amended and Restated Credit Agreement by and among Cincinnati Financial Corporation, CFC Investment Company, PNC Bank, N.A. as Administrative Agent, PNC Capital Markets LLC, as Sole Bookrunner and Joint Lead Arranger, Fifth Third Bank, N.A., as Joint Lead Arranger and Syndication Agent, The Huntington National Bank and U.S. Bank, N.A., as Documentation Agents, dated February 8, 2016 (incorporated by reference to Exhibit 10.1 filed with the company’s Current Report on Form 8-K dated February 8, 2016)
10.33	Second Amendment of the Amended and Restated Credit Agreement by and among Cincinnati Financial Corporation, CFC Investment Company, PNC Bank, N.A., as Administrative Agent, PNC Capital Markets, LLC, as Sole Bookrunner and Joint Lead Arranger, Fifth Third Bank, N.A. as Joint Lead Arranger and Syndication Agent, The Huntington National Bank and U.S. Bank, N.A. as Documentation Agents, dated March 31, 2016 (incorporated by reference to Exhibit 10.1 filed with the company’s Current Report on Form 8-K dated April 4, 2016)
10.34	Third Amendment of the Amended and Restated Credit Agreement by and among Cincinnati Financial Corporation, CFC Investment Company, PNC Bank, N.A., as Administrative Agent, PNC Capital Markets, LLC, as Sole Bookrunner and Joint Lead Arranger, Fifth Third Bank, N.A. as Joint Lead Arranger and Syndication Agent, The Huntington National Bank and U.S. Bank, N.A. as Documentation Agents, dated February 4, 2019 (incorporated by reference to Exhbit 10.1 filed with the company's Current Report on Form 8-K dated February 6, 2019)
10.35	Reimbursement Agreement for Letters of Credit by and between Bank of Nova Scotia and The Cincinnati Insurance Company, dated October 15, 2018 (incorporated by reference to Exhibit 10.1 filed with the company's Current Report on Form 8-K dated October 17, 2018)
11	Statement re: Computation of per share earnings for the years ended December 31, 2018, 2017, and 2016, contained in Part II, Item 8, Note 12, to the Consolidated Financial Statements
14	Cincinnati Financial Corporation Code of Ethics for Senior Financial Officers (incorporated by reference to the company’s definitive Proxy Statement dated March 18, 2004 (File No. 000-04604))
21	Cincinnati Financial Corporation subsidiaries contained in Part I, Item 1, of this report
23	Consent of Independent Registered Public Accounting Firm
31A	Certification pursuant to Section 302 of the Sarbanes Oxley Act of 2002 – Chief Executive Officer
31B	Certification pursuant to Section 302 of the Sarbanes Oxley Act of 2002 – Chief Financial Officer
32	Certification pursuant to Section 906 of the Sarbanes Oxley Act of 2002
101.INS	XBRL Instance Document
101.SCH	XBRL Taxonomy Extension Schema Document
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document
101.LAB	XBRL Taxonomy Extension Label Linkbase Document
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document

Cincinnati Financial Corporation - 2018 10-K - Page 199

Signatures

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Cincinnati Financial Corporation

/S/ Michael J. Sewell

By: Michael J. Sewell, CPA

Title: Chief Financial Officer, Senior Vice President and Treasurer

(Principal Accounting Officer)

Date: February 22, 2019

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been duly signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

Signature	Title	Date
/S/ Kenneth W. Stecher	Chairman of the Board	February 22, 2019
Kenneth W. Stecher
/S/ Steven J. Johnston	President, Chief Executive Officer and Director	February 22, 2019
Steven J. Johnston
/S/ Michael J. Sewell	Chief Financial Officer, Senior Vice President and Treasurer	February 22, 2019
Michael J. Sewell
/S/ William F. Bahl	Director	February 22, 2019
William F. Bahl
/S/ Gregory T. Bier	Director	February 22, 2019
Gregory T. Bier
/S/ Dirk J. Debbink	Director	February 22, 2019
Dirk J. Debbink
/S/ Linda W. Clement-Holmes	Director	February 22, 2019
Linda W. Clement-Holmes
/S/ Kenneth C. Lichtendahl	Director	February 22, 2019
Kenneth C. Lichtendahl
/S/ W. Rodney McMullen	Director	February 22, 2019
W. Rodney McMullen
/S/ David P. Osborn	Director	February 22, 2019
David P. Osborn
/S/ Gretchen W. Price	Director	February 22, 2019
Gretchen W. Price
/S/ Thomas R. Schiff	Director	February 22, 2019
Thomas R. Schiff
/S/ Douglas S. Skidmore	Director	February 22, 2019
Douglas S. Skidmore
/S/ John F. Steele, Jr.	Director	February 22, 2019
John F. Steele, Jr.
/S/ Larry R. Webb	Director	February 22, 2019
Larry R. Webb

Cincinnati Financial Corporation - 2018 10-K - Page 200