Companies Cincinnati Financial Corp
Cincinnati Financial (CINF): executive pay, fiscal 2025
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CEO pay, last three years
- $4,708,647FY2023
- $8,784,200FY2024
- $5,943,492FY2025
CEO total pay was $5,943,492 in fiscal 2025, down from $8,784,200 in fiscal 2024.
FY2025: salary $1,130,250 · bonus $0 · stock awards $1,768,274 · option awards $1,703,668
Executives and directors
Frequently asked questions
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Stephen Spray | $1,130,250 | $0 | $1,768,274 | $1,703,668 | $681,450 | $619,823 | $40,027 | $5,943,492 |
| President and Chief Executive Officer | ||||||||
| Michael Sewell | 1,073,137 | 0 | 1,146,159 | 1,011,001 | 404,384 | 0 | 313,801 | 3,948,482 |
| Chief Financial Officer, Executive Vice President and Treasurer | ||||||||
| Steven Johnston | 513,750 | 0 | 804,764 | 774,399 | 309,750 | 0 | 373,779 | 2,776,442 |
| Executive Chairman of the Board and former Chief Executive Officer | ||||||||
| John Kellington | 748,297 | 0 | 799,736 | 704,960 | 281,977 | 0 | 184,490 | 2,719,460 |
| Chief Information Officer and Executive Vice President | ||||||||
| Teresa Cracas | 681,352 | 0 | 728,436 | 641,910 | 256,750 | 0 | 189,764 | 2,498,212 |
| Chief Risk Officer and Executive Vice President | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
Three-year trend — total compensation per named executive
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Stephen Spray | $5,943,492 | $8,784,200 | $4,708,647 | ↓ −2,840,708 |
| Michael Sewell | 3,948,482 | 5,993,086 | 4,926,421 | ↓ −2,044,604 |
| Steven Johnston | 2,776,442 | 9,884,720 | 8,381,511 | ↓ −7,108,278 |
| John Kellington | 2,719,460 | 4,139,673 | 3,397,639 | ↓ −1,420,213 |
| Teresa Cracas | 2,498,212 | 3,798,237 | 3,112,092 | ↓ −1,300,025 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
The objective of our compensation program is to attract, motivate, reward, develop and retain the executive talent required for our long-term success. To achieve this objective, we seek to ensure that compensation is competitive and that there is a direct link between pay and performance.
| CEO STI target (% of salary) | 200% |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | not disclosed |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | True |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2025
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Steven Johnston | PSU | 2025-02-17 | 1,689 | 5,630 | — | 11,260 | $680,273 |
| Teresa Cracas | RSU | 2025-02-17 | — | — | 1,245 | — | 162,871 |
| Michael Sewell | RSU | 2025-11-14 | — | — | 10 | — | 1,651 |
| Teresa Cracas | PSU | 2025-02-17 | 1,401 | 4,667 | — | 9,334 | 563,914 |
| Stephen Spray | PSU | 2025-02-17 | 3,716 | 12,385 | — | 24,770 | 1,496,480 |
| Michael Sewell | RSU | 2025-02-17 | — | — | 1,960 | — | 256,407 |
| Stephen Spray | RSU | 2025-11-14 | — | — | 10 | — | 1,651 |
| John Kellington | PSU | 2025-02-17 | 1,538 | 5,125 | — | 10,250 | 619,254 |
| John Kellington | OPTION | 2025-02-17 | — | — | 16,000 | — | 704,960 |
| Teresa Cracas | RSU | 2025-11-14 | — | — | 10 | — | 1,651 |
| Steven Johnston | OPTION | 2025-02-17 | — | — | 17,576 | — | 774,399 |
| Stephen Spray | RSU | 2025-02-17 | — | — | 2,065 | — | 270,143 |
| Steven Johnston | RSU | 2025-11-14 | — | — | 10 | — | 1,651 |
| John Kellington | RSU | 2025-11-14 | — | — | 10 | — | 1,651 |
| Teresa Cracas | OPTION | 2025-02-17 | — | — | 14,569 | — | 641,910 |
| Steven Johnston | RSU | 2025-02-17 | — | — | 939 | — | 122,840 |
| Michael Sewell | PSU | 2025-02-17 | 2,205 | 7,350 | — | 14,700 | 888,101 |
| Michael Sewell | OPTION | 2025-02-17 | — | — | 22,946 | — | 1,011,001 |
| John Kellington | RSU | 2025-02-17 | — | — | 1,367 | — | 178,831 |
| Stephen Spray | OPTION | 2025-02-17 | — | — | 38,667 | — | 1,703,668 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Steven Johnston | $124,491 | $680,273 | $774,399 | 43.1% |
| Teresa Cracas | 164,522 | 563,914 | 641,910 | 41.2% |
| Michael Sewell | 258,058 | 888,101 | 1,011,001 | 41.2% |
| Stephen Spray | 271,794 | 1,496,480 | 1,703,668 | 43.1% |
| John Kellington | 180,482 | 619,254 | 704,960 | 41.2% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Teresa Cracas | RSU | 423 | — | $69,084 |
| John Kellington | RSU | 465 | — | 75,944 |
| Stephen Spray | RSU | 605 | — | 98,809 |
| Michael Sewell | RSU | 667 | — | 108,934 |
| Steven Johnston | RSU | 801 | — | 130,819 |
| Steven Johnston | RSU | 939 | — | 153,357 |
| Teresa Cracas | RSU | 984 | — | 160,707 |
| John Kellington | RSU | 1,081 | — | 176,549 |
| Teresa Cracas | RSU | 1,245 | — | 203,333 |
| John Kellington | RSU | 1,367 | — | 223,258 |
| Michael Sewell | RSU | 1,549 | — | 252,983 |
| Stephen Spray | RSU | 1,556 | — | 254,126 |
| Steven Johnston | RSU | 1,861 | — | 303,939 |
| Michael Sewell | RSU | 1,960 | — | 320,107 |
| Stephen Spray | RSU | 2,065 | — | 337,256 |
| Teresa Cracas | PSU | 4,667 | — | 762,214 |
| Teresa Cracas | PSU | 4,761 | — | 777,567 |
| John Kellington | PSU | 5,125 | — | 837,015 |
| Teresa Cracas | Option | 5,213 | 125.57 | — |
| John Kellington | PSU | 5,229 | — | 854,000 |
| Teresa Cracas | PSU | 5,533 | — | 903,650 |
| Steven Johnston | PSU | 5,630 | — | 919,492 |
| John Kellington | Option | 5,726 | 125.57 | — |
| John Kellington | PSU | 6,077 | — | 992,496 |
| Stephen Spray | PSU | 6,810 | — | 1,112,209 |
| Michael Sewell | PSU | 7,350 | — | 1,200,402 |
| Stephen Spray | Option | 7,458 | 125.57 | — |
| Michael Sewell | PSU | 7,498 | — | 1,224,573 |
| Michael Sewell | Option | 8,211 | 125.57 | — |
| Michael Sewell | PSU | 8,715 | — | 1,423,334 |
| Stephen Spray | PSU | 12,385 | — | 2,022,718 |
| Teresa Cracas | Option | 12,514 | 112.36 | — |
| John Kellington | Option | 13,743 | 112.36 | — |
| Stephen Spray | PSU | 14,003 | — | 2,286,970 |
| Steven Johnston | PSU | 14,409 | — | 2,353,278 |
| Teresa Cracas | Option | 14,569 | 137.56 | — |
| Steven Johnston | Option | 15,779 | 125.57 | — |
| John Kellington | Option | 16,000 | 137.56 | — |
| Steven Johnston | PSU | 16,747 | — | 2,735,120 |
| Steven Johnston | Option | 17,576 | 137.56 | — |
| Michael Sewell | Option | 19,709 | 112.36 | — |
| Michael Sewell | Option | 22,946 | 137.56 | — |
| Stephen Spray | Option | 31,670 | 112.36 | — |
| Steven Johnston | Option | 37,875 | 112.36 | — |
| Stephen Spray | Option | 38,667 | 137.56 | — |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Dirk J. DebbinkIndependent · Lead Independent Director · Audit · Executive · Investment · Nominating (Chair) | $228,000 | $135,020 | $0 | $0 | $17,922 | $380,942 |
| Gretchen W. ScharIndependent · Audit (Chair) · Compensation · Nominating | 160,000 | 135,020 | 0 | 0 | 12,313 | 307,333 |
| David P. OsbornIndependent · Audit · Compensation (Chair) · Investment | 166,000 | 135,020 | 0 | 0 | 3,150 | 304,170 |
| Larry R. WebbIndependent · Executive · Investment | 136,500 | 135,020 | 0 | 0 | 24,021 | 295,541 |
| Nancy C. BenacciIndependent · Audit · Investment | 141,000 | 135,020 | 0 | 0 | 12,157 | 288,177 |
| Douglas S. SkidmoreIndependent · Executive · Nominating | 135,000 | 135,020 | 0 | 0 | 18,054 | 288,074 |
| Charles O. SchiffIndependent · Investment | 135,000 | 135,020 | 0 | 0 | 16,067 | 286,087 |
| Cheng-sheng Peter WuIndependent · Audit | 135,000 | 135,020 | 0 | 0 | 15,962 | 285,982 |
| Linda W. Clement-HolmesIndependent · Audit · Compensation · Nominating | 135,000 | 135,020 | 0 | 0 | 15,545 | 285,565 |
| John F. Steele, JrIndependent · Executive | 135,000 | 135,020 | 0 | 0 | 14,755 | 284,775 |
| Jill P. MeyerIndependent · Compensation · Nominating | 135,000 | 135,020 | 0 | 0 | 1,568 | 271,588 |
| Edward S. WilkinsIndependent · Audit · Newly elected | 99,560 | 99,631 | 0 | 0 | 14,983 | 214,174 |
| Steven J. JohnstonEmployee director · Board Chair · Executive (Chair) · Investment (Chair) | 0 | 0 | 0 | 0 | 0 | 0 |
| Stephen M. SprayEmployee director · Executive · Investment | 0 | 0 | 0 | 0 | 0 | 0 |
Board fee structure and ownership guideline
| Annual cash retainer | $75,000 |
|---|---|
| Annual equity retainer | $75,000 |
| Per board meeting fee | $4,500 |
| Committee chair fees (audit / comp / nom-gov) | 25,000 / 25,000 |
| Stock ownership guideline | All of our directors and executive officers are in compliance with our published stock ownership guidelines. |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $1,741,060 |
| Equity awards (grant-date value) | $1,584,851 |
| All other compensation | $166,497 |
| Total cost of the board | $3,492,408 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Cincinnati Financial as a peer
Companies that benchmark against CINF
20 companies name CINF as a compensation peer
- AMERICAN FINANCIAL GROUP INCAFGFY2025
- ARCH CAPITAL GROUP LTD.ACGLFY2025
- AXIS CAPITAL HOLDINGS LTDAXSFY2025
- CNA FINANCIAL CORPCNAFY2025
- CNO Financial Group, Inc.CNOFY2025
- DONEGAL GROUP INCDGICAFY2025
- EVEREST GROUP, LTD.EGFY2025
- F&G Annuities & Life, Inc.FGFY2025
- Fidelity National Financial, Inc.FNFFY2025
- First American Financial CorpFAFFY2025
- GENWORTH FINANCIAL INCGNWFY2025
- GLOBE LIFE INC.GLFY2025
- HANOVER INSURANCE GROUP, INC.THGFY2025
- HARTFORD INSURANCE GROUP, INC.HIGFY2025
- KEMPER CorpKMPRFY2025
- MERCURY GENERAL CORPMCYFY2024
- OLD REPUBLIC INTERNATIONAL CORPORIFY2025
- RENAISSANCERE HOLDINGS LTDRNRFY2025
- SELECTIVE INSURANCE GROUP INCSIGIFY2025
- STEWART INFORMATION SERVICES CORPSTCFY2025
Each company listed discloses CINF in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named CINF in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
Disclosed peer group — fiscal year 2025
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
Peer reciprocity
Of the companies Cincinnati Financial Corp names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.
Reciprocity shown where the peer’s own current proxy has been read — each mark is cited in the register to that peer’s filing. A dash means the peer’s current proxy was read and names no reciprocal group including Cincinnati Financial Corp.
Chief executive pay against the peer group
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | The Travelers Companies Inc. | 2025 | Alan Schnitzer | $1,450,000 | $9,417,364 | $6,100,056 | $9,000,000 | $26,968,756 |
| 2 | The Allstate Corporation | 2025 | Thomas Wilson | 1,465,385 | 10,886,400 | 4,530,227 | 5,597,235 | 22,920,898 |
| 3 | Hartford Financial Services Group Inc. | 2025 | Christopher Swift | 1,200,000 | 10,982,790 | 3,412,500 | 5,808,000 | 22,114,212 |
| 4 | W.R. Berkley Corporation | 2025 | W. Robert Berkley, Jr. | 1,097,800 | 3,850,038 | 0 | 11,176,030 | 16,823,866 |
| 5 | Markel Group Inc. | 2025 | Thomas Gayner | 1,100,000 | 9,226,081 | 0 | 3,740,000 | 14,124,065 |
| 6 | CNA Financial Corporation | 2025 | Douglas Worman | 1,100,000 | 4,999,970 | 0 | 5,500,000 | 12,619,149 |
| 7 | Hanover Insurance Group Inc. | 2025 | John Roche | 1,138,462 | 4,603,557 | 1,400,023 | 3,220,000 | 10,486,571 |
| 8 | Selective Insurance Group Inc. | 2025 | John Marchioni | 1,050,000 | 1,575,000 | 0 | 95,907 | 6,858,564 |
| 9 | Cincinnati Financial Corp | 2025 | Stephen Spray | 1,130,250 | 1,768,274 | 1,703,668 | 681,450 | 5,943,492 |
| 10 | United Fire Group Inc. | 2025 | Kevin Leidwinger | 821,000 | 1,656,008 | 0 | 1,350,934 | 3,896,774 |
Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Incentive design against the same peers
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| Cincinnati Financial Corp | 30% | Options 50 · PSU 50 | No | not disclosed |
| CNA Financial Corporation | not disclosed | PSU 100 | not disclosed | Willis Towers Watson |
| Hanover Insurance Group Inc. | 140% | PSU 50 · RSU 25 · Options 25 | No | Compensation Advisory Partners LLC |
| Hartford Financial Services Group Inc. | 176% | not disclosed | Yes — Peer-relative TSR | Compensation Advisory Partners, LLP (CAP) |
| Markel Group Inc. | not disclosed | PRSU 75 · RSU 25 | No | CAP |
| Selective Insurance Group Inc. | 150.0% | RSU 75 · Cash LTI 25 | Yes — Cumulative TSR over the three-year performance period | Exequity LLP |
| The Allstate Corporation | 127.2% | PSA 70 · Option 30 | Yes — Relative Total Shareholder Return (TSR) | Pay Governance |
| The Travelers Companies Inc. | not disclosed | PSU 60 · Option 40 | No | FW Cook |
| United Fire Group Inc. | not disclosed | PSU 50 · RSU 50 | No | Mercer LLC |
| W.R. Berkley Corporation | not disclosed | PSU 100 | No | Meridian Compensation Partners, LLC |
Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-05-02 | 118,190,863 | 4,425,146 | 263,471 | 96.39% | Passed |
| 2025 | 2025-05-03 | 117,868,774 | 5,603,679 | 879,236 | 95.46% | Passed |
| 2024 | 2024-05-04 | 112,585,127 | 4,891,426 | 606,606 | 95.84% | Passed |
| 2023 | 2023-05-06 | 119,931,679 | 5,407,743 | 434,006 | 95.69% | Passed |
| 2022 | 2022-05-07 | 119,633,518 | 5,636,563 | 764,392 | 95.5% | Passed |
| 2021 | 2021-05-08 | 124,044,903 | 3,664,488 | 745,640 | 97.13% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.
Say-on-pay — history, company’s computation
| Meeting year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2026 | 2026-05-02 | 96.39%a |
| 2025 | 2025-05-03 | 95.46%b |
| 2024 | 2024-05-04 | 95.84%c |
a. Approved under the standard stated in the filing — “Abstentions and broker nonvotes have no effect on the voting for this proposal.”.
b. Approved under the standard stated in the filing — “Votes to abstain have the same effect as votes against the proposal. Broker nonvotes have no effect on the voting for this proposal.”.
c. Approved under the standard stated in the filing — “Votes to abstain have the same effect as votes against the proposal.”.
Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
CEO pay ratio
| Ratio (CEO : median employee) | 46.3 : 1 |
|---|---|
| CEO total compensation | $5,943,492 |
| Median employee compensation | $128,245 |
Insider trades since the proxy
Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.
| Insider | Role | Transaction date | Code | Shares | Price | Value | Security | Source |
|---|---|---|---|---|---|---|---|---|
| Luyang Fu | Sr. VP, Chief Actuary - Sub | 2026-04-29 | D | 147 | $164 | $24,096 | Common | Form 4 ↗ |
| Luyang Fu | Sr. VP, Chief Actuary - Sub | 2026-04-29 | A | 957 | 71 | 68,129 | Common | Form 4 ↗ |
| Teresa Cracas | EVP, Chief Risk Off. - Sub | 2026-04-29 | D | 15,386 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| John Kellington | EVP, Chief Info Off. -Sub | 2026-04-29 | D | 28,156 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| John Kellington | EVP, Chief Info Off. -Sub | 2026-04-29 | D | 18,935 | 164 | 3,103,825 | Common | Form 4 ↗ |
| John Kellington | EVP, Chief Info Off. -Sub | 2026-04-29 | A | 28,156 | 71 | 2,004,426 | Common | Form 4 ↗ |
| Teresa Cracas | EVP, Chief Risk Off. - Sub | 2026-04-29 | A | 15,386 | 71 | 1,087,790 | Common | Form 4 ↗ |
| Dividend-equivalent accruals | 2026-04-29 | — | 957 | — | — | 1 insider, 1 accrual row | ||
| Teresa Cracas | EVP, Chief Risk Off. - Sub | 2026-04-29 | D | 10,321 | 164 | 1,691,818 | Common | Form 4 ↗ |
| Michael Sewell | CFO, EVP & Treasurer | 2026-05-01 | D | 36,909 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Michael Sewell | CFO, EVP & Treasurer | 2026-05-01 | D | 8,822 | 164 | 1,442,750 | Common | Form 4 ↗ |
| Michael Sewell | CFO, EVP & Treasurer | 2026-05-01 | A | 36,909 | 71 | 2,609,466 | Common | Form 4 ↗ |
| Roger A. Brown | Sr VP, COO - Subsidary | 2026-05-05 | D | 6,900 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Roger A. Brown | Sr VP, COO - Subsidary | 2026-05-05 | D | 4,685 | 160 | 749,038 | Common | Form 4 ↗ |
| Roger A. Brown | Sr VP, COO - Subsidary | 2026-05-05 | A | 6,900 | 71 | 491,211 | Common | Form 4 ↗ |
| Roger A. Brown | Sr VP, COO - Subsidary | 2026-05-05 | D | 2,500 | 0 | 0 | Common | Form 4 ↗ |
| Dividend-equivalent accruals | 2026-05-07 | — | 1,444 | — | — | 1 insider, 2 accrual rows | ||
| Thomas Christopher Hogan | EVP/CLO & Corp Secretary | 2026-05-07 | D | 74 | 161 | 11,911 | Common | Form 4 ↗ |
| Thomas Christopher Hogan | EVP/CLO & Corp Secretary | 2026-05-07 | D | 145 | 161 | 23,339 | Common | Form 4 ↗ |
| Thomas Christopher Hogan | EVP/CLO & Corp Secretary | 2026-05-07 | A | 957 | 71 | 68,129 | Common | Form 4 ↗ |
| Thomas Christopher Hogan | EVP/CLO & Corp Secretary | 2026-05-07 | A | 487 | 71 | 34,431 | Common | Form 4 ↗ |
| Charles O. Schiff | Director | 2026-05-11 | D | 27,122 | 0 | 0 | Common | Form 4 ↗ |
| Dividend-equivalent accruals | 2026-05-28 | — | 774 | — | — | 1 insider, 1 accrual row | ||
| Luyang Fu | Sr. VP, Chief Actuary - Sub | 2026-05-28 | A | 774 | 86 | 66,309 | Common | Form 4 ↗ |
| Luyang Fu | Sr. VP, Chief Actuary - Sub | 2026-05-28 | D | 99 | 161 | 15,959 | Common | Form 4 ↗ |
| John Kellington | EVP, Chief Info Off. -Sub | 2026-06-08 | D | 24,221 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| John Kellington | EVP, Chief Info Off. -Sub | 2026-06-08 | A | 24,221 | 86 | 2,075,013 | Common | Form 4 ↗ |
| John Kellington | EVP, Chief Info Off. -Sub | 2026-06-08 | D | 17,536 | 164 | 2,871,169 | Common | Form 4 ↗ |
| Charles O. Schiff | Director | 2026-08-03 | D | 7,600 | 175 | 1,333,067 | Common | Form 4 ↗ |
| Dirk J. Debbink | Director | 2026-08-25 | A | 1,000 | 172 | 171,640 | Common | Form 4 ↗ |
| Steven J. Johnston | Director | 2026-10-28 | D | 76,484 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Steven J. Johnston | Director | 2026-10-28 | D | 49,544 | 181 | 8,943,683 | Common | Form 4 ↗ |
| Steven J. Johnston | Director | 2026-10-28 | A | 76,484 | 71 | 5,407,419 | Common | Form 4 ↗ |
Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.
View all 34 transactions
| Insider | Role | Transaction date | Code | Shares | Price | Value | Security | Source |
|---|---|---|---|---|---|---|---|---|
| Luyang Fu | Sr. VP, Chief Actuary - Sub | 2026-04-29 | D | 147 | $164 | $24,096 | Common | Form 4 ↗ |
| Luyang Fu | Sr. VP, Chief Actuary - Sub | 2026-04-29 | A | 957 | 71 | 68,129 | Common | Form 4 ↗ |
| Teresa Cracas | EVP, Chief Risk Off. - Sub | 2026-04-29 | D | 15,386 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| John Kellington | EVP, Chief Info Off. -Sub | 2026-04-29 | D | 28,156 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| John Kellington | EVP, Chief Info Off. -Sub | 2026-04-29 | D | 18,935 | 164 | 3,103,825 | Common | Form 4 ↗ |
| John Kellington | EVP, Chief Info Off. -Sub | 2026-04-29 | A | 28,156 | 71 | 2,004,426 | Common | Form 4 ↗ |
| Teresa Cracas | EVP, Chief Risk Off. - Sub | 2026-04-29 | A | 15,386 | 71 | 1,087,790 | Common | Form 4 ↗ |
| Luyang Fu | Sr. VP, Chief Actuary - Sub | 2026-04-29 | D | 957 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Teresa Cracas | EVP, Chief Risk Off. - Sub | 2026-04-29 | D | 10,321 | 164 | 1,691,818 | Common | Form 4 ↗ |
| Michael Sewell | CFO, EVP & Treasurer | 2026-05-01 | D | 36,909 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Michael Sewell | CFO, EVP & Treasurer | 2026-05-01 | D | 8,822 | 164 | 1,442,750 | Common | Form 4 ↗ |
| Michael Sewell | CFO, EVP & Treasurer | 2026-05-01 | A | 36,909 | 71 | 2,609,466 | Common | Form 4 ↗ |
| Roger A. Brown | Sr VP, COO - Subsidary | 2026-05-05 | D | 6,900 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Roger A. Brown | Sr VP, COO - Subsidary | 2026-05-05 | D | 4,685 | 160 | 749,038 | Common | Form 4 ↗ |
| Roger A. Brown | Sr VP, COO - Subsidary | 2026-05-05 | A | 6,900 | 71 | 491,211 | Common | Form 4 ↗ |
| Roger A. Brown | Sr VP, COO - Subsidary | 2026-05-05 | D | 2,500 | 0 | 0 | Common | Form 4 ↗ |
| Thomas Christopher Hogan | EVP/CLO & Corp Secretary | 2026-05-07 | D | 487 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Thomas Christopher Hogan | EVP/CLO & Corp Secretary | 2026-05-07 | D | 957 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Thomas Christopher Hogan | EVP/CLO & Corp Secretary | 2026-05-07 | D | 74 | 161 | 11,911 | Common | Form 4 ↗ |
| Thomas Christopher Hogan | EVP/CLO & Corp Secretary | 2026-05-07 | D | 145 | 161 | 23,339 | Common | Form 4 ↗ |
| Thomas Christopher Hogan | EVP/CLO & Corp Secretary | 2026-05-07 | A | 957 | 71 | 68,129 | Common | Form 4 ↗ |
| Thomas Christopher Hogan | EVP/CLO & Corp Secretary | 2026-05-07 | A | 487 | 71 | 34,431 | Common | Form 4 ↗ |
| Charles O. Schiff | Director | 2026-05-11 | D | 27,122 | 0 | 0 | Common | Form 4 ↗ |
| Luyang Fu | Sr. VP, Chief Actuary - Sub | 2026-05-28 | D | 774 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Luyang Fu | Sr. VP, Chief Actuary - Sub | 2026-05-28 | A | 774 | 86 | 66,309 | Common | Form 4 ↗ |
| Luyang Fu | Sr. VP, Chief Actuary - Sub | 2026-05-28 | D | 99 | 161 | 15,959 | Common | Form 4 ↗ |
| John Kellington | EVP, Chief Info Off. -Sub | 2026-06-08 | D | 24,221 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| John Kellington | EVP, Chief Info Off. -Sub | 2026-06-08 | A | 24,221 | 86 | 2,075,013 | Common | Form 4 ↗ |
| John Kellington | EVP, Chief Info Off. -Sub | 2026-06-08 | D | 17,536 | 164 | 2,871,169 | Common | Form 4 ↗ |
| Charles O. Schiff | Director | 2026-08-03 | D | 7,600 | 175 | 1,333,067 | Common | Form 4 ↗ |
| Dirk J. Debbink | Director | 2026-08-25 | A | 1,000 | 172 | 171,640 | Common | Form 4 ↗ |
| Steven J. Johnston | Director | 2026-10-28 | D | 76,484 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Steven J. Johnston | Director | 2026-10-28 | D | 49,544 | 181 | 8,943,683 | Common | Form 4 ↗ |
| Steven J. Johnston | Director | 2026-10-28 | A | 76,484 | 71 | 5,407,419 | Common | Form 4 ↗ |
Sources (96 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Stephen Spray. DEF 14A, filed 2026-03-18. Section “2025 Summary Compensation Table” · page 56. As printed: 5,943,492. View filing ↗
- Section 01, Michael Sewell. DEF 14A, filed 2026-03-18. Section “2025 Summary Compensation Table”. As printed: 3,948,482. View filing ↗
- Section 01, Steven Johnston. DEF 14A, filed 2026-03-18. Section “2025 Summary Compensation Table”. As printed: 2,776,442. View filing ↗
- Section 01, John Kellington. DEF 14A, filed 2026-03-18. Section “2025 Summary Compensation Table”. As printed: 2,719,460. View filing ↗
- Section 01, Teresa Cracas. DEF 14A, filed 2026-03-18. Section “2025 Summary Compensation Table”. As printed: 2,498,212. View filing ↗
- Section 03, Steven Johnston PSU. DEF 14A, filed 2026-03-18. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Teresa Cracas RSU. DEF 14A, filed 2026-03-18. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Michael Sewell RSU. DEF 14A. Section “SERP” · grants of plan-based awards table. View filing ↗
- Section 03, Teresa Cracas PSU. DEF 14A, filed 2026-03-18. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Stephen Spray PSU. DEF 14A, filed 2026-03-18. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Michael Sewell RSU. DEF 14A, filed 2026-03-18. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Stephen Spray RSU. DEF 14A. Section “SERP S” · grants of plan-based awards table. View filing ↗
- Section 03, John Kellington PSU. DEF 14A, filed 2026-03-18. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, John Kellington OPTION. DEF 14A, filed 2026-03-18. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Teresa Cracas RSU. DEF 14A. Section “SERP” · grants of plan-based awards table. View filing ↗
- Section 03, Steven Johnston OPTION. DEF 14A, filed 2026-03-18. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Stephen Spray RSU. DEF 14A, filed 2026-03-18. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Steven Johnston RSU. DEF 14A. Section “SERP” · grants of plan-based awards table. View filing ↗
- Section 03, John Kellington RSU. DEF 14A. Section “RSU. S” · grants of plan-based awards table. View filing ↗
- Section 03, Teresa Cracas OPTION. DEF 14A, filed 2026-03-18. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Steven Johnston RSU. DEF 14A, filed 2026-03-18. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Michael Sewell PSU. DEF 14A, filed 2026-03-18. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Michael Sewell OPTION. DEF 14A, filed 2026-03-18. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, John Kellington RSU. DEF 14A, filed 2026-03-18. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Stephen Spray OPTION. DEF 14A, filed 2026-03-18. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 07, pay ratio. DEF 14A, filed 2026-03-18. Section “CEO Pay Ratio”. As printed: 46.3 : 1. View filing ↗
- Section 08, Dirk J. Debbink. DEF 14A, filed 2026-03-18. Section “Director Compensation”. As printed: 380,942. View filing ↗
- Section 08, Gretchen W. Schar. DEF 14A, filed 2026-03-18. Section “Director Compensation”. As printed: 307,333. View filing ↗
- Section 08, David P. Osborn. DEF 14A, filed 2026-03-18. Section “Director Compensation”. As printed: 304,170. View filing ↗
- Section 08, Larry R. Webb. DEF 14A, filed 2026-03-18. Section “Director Compensation”. As printed: 295,541. View filing ↗
- Section 08, Nancy C. Benacci. DEF 14A, filed 2026-03-18. Section “Director Compensation”. As printed: 288,177. View filing ↗
- Section 08, Douglas S. Skidmore. DEF 14A, filed 2026-03-18. Section “Director Compensation”. As printed: 288,074. View filing ↗
- Section 08, Charles O. Schiff. DEF 14A, filed 2026-03-18. Section “Director Compensation”. As printed: 286,087. View filing ↗
- Section 08, Cheng-sheng Peter Wu. DEF 14A, filed 2026-03-18. Section “Director Compensation”. As printed: 285,982. View filing ↗
- Section 08, Linda W. Clement-Holmes. DEF 14A, filed 2026-03-18. Section “Director Compensation”. As printed: 285,565. View filing ↗
- Section 08, John F. Steele, Jr. DEF 14A, filed 2026-03-18. Section “Director Compensation”. As printed: 284,775. View filing ↗
- Section 08, Jill P. Meyer. DEF 14A, filed 2026-03-18. Section “Director Compensation”. As printed: 271,588. View filing ↗
- Section 08, Edward S. Wilkins. DEF 14A, filed 2026-03-18. Section “Director Compensation”. As printed: 214,174. View filing ↗
- Section 08, Steven J. Johnston. DEF 14A, filed 2026-03-18. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, Stephen M. Spray. DEF 14A, filed 2026-03-18. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 02, Luyang Fu 2026-04-29. Form 4, filed 2026-05-01. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Luyang Fu 2026-04-29. Form 4, filed 2026-05-01. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Teresa Cracas 2026-04-29. Form 4, filed 2026-05-01. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, John Kellington 2026-04-29. Form 4, filed 2026-05-01. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, John Kellington 2026-04-29. Form 4, filed 2026-05-01. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, John Kellington 2026-04-29. Form 4, filed 2026-05-01. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Teresa Cracas 2026-04-29. Form 4, filed 2026-05-01. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Luyang Fu 2026-04-29. Form 4, filed 2026-05-01. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Teresa Cracas 2026-04-29. Form 4, filed 2026-05-01. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Michael Sewell 2026-05-01. Form 4, filed 2026-05-05. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Michael Sewell 2026-05-01. Form 4, filed 2026-05-05. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Michael Sewell 2026-05-01. Form 4, filed 2026-05-05. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Roger A. Brown 2026-05-05. Form 4, filed 2026-05-07. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Roger A. Brown 2026-05-05. Form 4, filed 2026-05-07. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Roger A. Brown 2026-05-05. Form 4, filed 2026-05-07. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Roger A. Brown 2026-05-05. Form 4, filed 2026-05-07. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Thomas Christopher Hogan 2026-05-07. Form 4, filed 2026-05-11. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Thomas Christopher Hogan 2026-05-07. Form 4, filed 2026-05-11. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Thomas Christopher Hogan 2026-05-07. Form 4, filed 2026-05-11. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Thomas Christopher Hogan 2026-05-07. Form 4, filed 2026-05-11. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Thomas Christopher Hogan 2026-05-07. Form 4, filed 2026-05-11. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Thomas Christopher Hogan 2026-05-07. Form 4, filed 2026-05-11. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Charles O. Schiff 2026-05-11. Form 4, filed 2026-05-13. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Luyang Fu 2026-05-28. Form 4, filed 2026-06-01. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Luyang Fu 2026-05-28. Form 4, filed 2026-06-01. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Luyang Fu 2026-05-28. Form 4, filed 2026-06-01. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, John Kellington 2026-06-08. Form 4, filed 2026-06-10. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, John Kellington 2026-06-08. Form 4, filed 2026-06-10. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, John Kellington 2026-06-08. Form 4, filed 2026-06-10. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Charles O. Schiff 2026-08-03. Form 4, filed 2026-08-04. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Dirk J. Debbink 2026-08-25. Form 4, filed 2026-08-27. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Steven J. Johnston 2026-10-28. Form 4, filed 2026-10-30. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Steven J. Johnston 2026-10-28. Form 4, filed 2026-10-30. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Steven J. Johnston 2026-10-28. Form 4, filed 2026-10-30. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-05-06. Item 5.07 · say-on-pay result. As reported: 96.39% (votes for as printed: 118,190,863). View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-05-07. Item 5.07 · say-on-pay result. As reported: 95.46% (votes for as printed: 117,868,774). View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-05-09. Item 5.07 · say-on-pay result. As reported: 95.84% (votes for as printed: 112,585,127). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
- Section 09b board cost (computed). Computed. Cash 1,741,060 + equity 1,584,851 + all other 166,497 = 3,492,408, summed across the director compensation table rows.
- The Travelers Companies Inc., Section 10b CEO total. DEF 14A, filed 2026-04-07. CEO total compensation as printed in The Travelers Companies Inc.'s own proxy. As printed: 26,968,756. View filing ↗
- The Allstate Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-10. CEO total compensation as printed in The Allstate Corporation's own proxy. As printed: 22,920,898. View filing ↗
- Hartford Financial Services Group Inc., Section 10b CEO total. DEF 14A, filed 2026-04-09. CEO total compensation as printed in Hartford Financial Services Group Inc.'s own proxy. As printed: 22,114,212. View filing ↗
- W.R. Berkley Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-22. CEO total compensation as printed in W.R. Berkley Corporation's own proxy. As printed: 16,823,866. View filing ↗
- Markel Group Inc., Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in Markel Group Inc.'s own proxy. As printed: 14,124,065. View filing ↗
- CNA Financial Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-20. CEO total compensation as printed in CNA Financial Corporation's own proxy. As printed: 12,619,149. View filing ↗
- Hanover Insurance Group Inc., Section 10b CEO total. DEF 14A, filed 2026-03-26. CEO total compensation as printed in Hanover Insurance Group Inc.'s own proxy. As printed: 10,486,571. View filing ↗
- Selective Insurance Group Inc., Section 10b CEO total. DEF 14A, filed 2026-03-26. CEO total compensation as printed in Selective Insurance Group Inc.'s own proxy. As printed: 6,858,564. View filing ↗
- Cincinnati Financial Corp (subject), Section 10b CEO total. DEF 14A, filed 2026-03-18. CEO total compensation as printed in Cincinnati Financial Corp's own proxy. As printed: 5,943,492. View filing ↗
- United Fire Group Inc., Section 10b CEO total. DEF 14A, filed 2026-04-07. CEO total compensation as printed in United Fire Group Inc.'s own proxy. As printed: 3,896,774. View filing ↗
- Section 10a, Hanover Insurance Group Inc. reciprocity. DEF 14A. Hanover Insurance Group Inc. names Cincinnati Financial Corp in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, The Allstate Corporation reciprocity. DEF 14A. The Allstate Corporation's most recent proxy was read; its disclosed peer group does not include Cincinnati Financial Corp. View filing ↗
- Section 10a, The Travelers Companies Inc. reciprocity. DEF 14A. The Travelers Companies Inc.'s most recent proxy was read; its disclosed peer group does not include Cincinnati Financial Corp. View filing ↗
- Section 10a, United Fire Group Inc. reciprocity. DEF 14A. United Fire Group Inc.'s most recent proxy was read; its disclosed peer group does not include Cincinnati Financial Corp. View filing ↗
- Section 10a, W.R. Berkley Corporation reciprocity. DEF 14A. W.R. Berkley Corporation's most recent proxy was read; its disclosed peer group does not include Cincinnati Financial Corp. View filing ↗
- Section 10a, CNA Financial Corporation reciprocity. DEF 14A. CNA Financial Corporation names Cincinnati Financial Corp in its own disclosed peer group (read from its most recent proxy). View filing ↗