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CompBrief
Fiscal year 2025

Stephen Spray — FY2025 total compensation $5,943,492

Stephen Spray is President and Chief Executive Officer of Cincinnati Financial Corp (CINF). The company reported total compensation of $5,943,492 for fiscal year 2025.

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Fiscal year 2025 compensation

Salary$1,130,250
Bonus$0
Stock awards$1,768,274
Option awards$1,703,668
Non-equity incentive plan$681,450
Pension and non-qualified deferred compensation$619,823
All other compensation$40,027
Total$5,943,492

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed, without adjustment.

Cited to the compensation disclosure Cincinnati Financial Corp filed March 18, 2026, accession 0000020286-26-000015.

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History — every fiscal year held

Fiscal yearRoleSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
FY2025President and Chief Executive Officer$1,130,250$0$1,768,274$1,703,668$681,450$619,823$40,027$5,943,492
FY2021Chief Insurance Officer$733,252$0$658,933$413,189$1,101,556$261,978$36,537$3,205,446

Totals as disclosed in each year's own compensation disclosure for Cincinnati Financial Corp.

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The other named executive officers of Cincinnati Financial Corp

Named executive officerRoleFY2025 total
Stephen Spray this pagePresident and Chief Executive Officer$5,943,492
Michael SewellChief Financial Officer, Executive Vice President and Treasurer$3,948,482
Steven JohnstonExecutive Chairman of the Board and former Chief Executive Officer$2,776,442
John KellingtonChief Information Officer and Executive Vice President$2,719,460
Teresa CracasChief Risk Officer and Executive Vice President$2,498,212

The company's named executive officers for fiscal year 2025, and what it reported for each. See the full Cincinnati Financial Corp compensation brief.

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The company page

Stephen Spray's compensation sits inside Cincinnati Financial Corp's full executive and board picture — the peer group, pay against peers, incentive design and the board itself.

The Cincinnati Financial Corp (CINF) compensation brief