A Dark Vector Cognition product

Item 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 Third-Quarter 2023 10-Q

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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 nine 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 6,726,785 shares available for purchase under our programs at September 30, 2023.

PeriodTotal number of shares purchasedAverage price paid per shareTotal number of shares purchased as part of publicly announced plans or programsMaximum number of shares that may yet be purchased under the plans or programs
July 1-31, 2023—$——6,726,785
August 1-31, 2023———6,726,785
September 1-30, 2023———6,726,785
Totals———

Cincinnati Financial Corporation Third-Quarter 2023 10-Q

Page 76

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