filings.toolsItem 1A. Risk Factors
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Item 1A. Risk Factors
Our risk factors have not changed materially since they were described in our 2022 Annual Report on Form 10-K filed February 23, 2023. Investors should not interpret the disclosure of a risk to imply that the risk has not already materialized.
Cincinnati Financial Corporation First-Quarter 2023 10-Q
Page 69
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
We did not sell any of our shares that were not registered under the Securities Act during the first three months of 2023. Our repurchase program does not have an expiration date. On January 26, 2018, an additional 15 million shares were authorized, which expanded our current repurchase program. We have 7,124,911 shares available for purchase under our programs at March 31, 2023.
| Period | Total number of shares purchased | Average price paid per share | Total number of shares purchased as part of publicly announced plans or programs | Maximum number of shares that may yet be purchased under the plans or programs | ||||||||||||||||||||||
| January 1-31, 2023 | — | — | — | 7,326,785 | ||||||||||||||||||||||
| February 1-28, 2023 | 201,874 | $ | 123.84 | 201,874 | 7,124,911 | |||||||||||||||||||||
| March 1-31, 2023 | — | — | — | 7,124,911 | ||||||||||||||||||||||
| Totals | 201,874 | 123.84 | 201,874 | |||||||||||||||||||||||
Cincinnati Financial Corporation First-Quarter 2023 10-Q
Page 70
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