Cincinnati Financial (CINF) Risk Factor Changes

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Our ability to successfully execute business functions also depends on hiring and retaining the qualified associates we employ.

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At year-end 2025, common stock holdings made up 40.0% of our investment portfolio.

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A catastrophe or epidemic event also could affect our operations by damaging our headquarters facility, injuring associates and visitors or disrupting our associates’ ability to perform their assigned tasks.

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The occurrence of terrorist attacks in the geographic areas we serve could result in substantially higher claims under our insurance policies than we have anticipated.

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Our life policy reserves are also subject to uncertainty.

Loss of key personnel or an inability to successfully execute on succession plans could negatively impact growth, essential business relationships, profitability, and other business operations.

•Earthquakes in many regions, most particularly in the New Madrid fault zone, California, the Northwest and Southwest