Cincinnati Financial
Cincinnati Financial returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
Not applicable to banks and insurers: these ratios use an industrial-company capital model.
ROCE
% · Annual / TTM
Not applicable to banks and insurers: these ratios use an industrial-company capital model.
ROIIC
% · Annual / TTM
Not applicable to banks and insurers: these ratios use an industrial-company capital model.
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Not applicable to banks and insurers: these ratios use an industrial-company capital model.
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | — | — | — | 21.48% | 8.11% | — |
| FY 2026 Q1 | Mar 31, 2026 | — | — | — | 18.73% | 7.03% | — |
| FY 2025 Q4 | Dec 31, 2025 | — | — | — | 16.04% | 6.18% | — |
| FY 2025 Q3 | Sep 30, 2025 | — | — | — | 14.53% | 5.47% | — |
| FY 2025 Q2 | Jun 30, 2025 | — | — | — | 13.44% | 4.94% | — |
| FY 2025 Q1 | Mar 31, 2025 | — | — | — | 10.97% | 4.08% | — |
| FY 2024 Q4 | Dec 31, 2024 | — | — | — | 17.61% | 6.62% | — |
| FY 2024 Q3 | Sep 30, 2024 | — | — | — | 25.14% | 9.04% | — |
| FY 2024 Q2 | Jun 30, 2024 | — | — | — | 18.07% | 6.5% | — |
| FY 2024 Q1 | Mar 31, 2024 | — | — | — | 20.29% | 7.39% | — |
| FY 2023 Q4 | Dec 31, 2023 | — | — | — | 16.29% | 5.9% | — |
| FY 2023 Q3 | Sep 30, 2023 | — | — | — | 16.68% | 5.66% | — |
| FY 2023 Q2 | Jun 30, 2023 | — | — | — | 12.55% | 4.47% | — |
| FY 2023 Q1 | Mar 31, 2023 | — | — | — | 0.11% | 0.04% | — |
| FY 2022 Q4 | Dec 31, 2022 | — | — | — | -4.11% | -1.59% | — |
| FY 2022 Q3 | Sep 30, 2022 | — | — | — | -0.27% | -0.1% | — |
| FY 2022 Q2 | Jun 30, 2022 | — | — | — | 4.84% | 1.84% | — |
| FY 2022 Q1 | Mar 31, 2022 | — | — | — | 17.68% | 7.01% | — |
| FY 2021 Q4 | Dec 31, 2021 | — | — | — | 24.66% | 10% | — |
| FY 2021 Q3 | Sep 30, 2021 | — | — | — | 23.39% | 8.97% | — |
| FY 2021 Q2 | Jun 30, 2021 | — | — | — | 27.05% | 10.36% | — |
| FY 2021 Q1 | Mar 31, 2021 | — | — | — | 31.93% | 11.85% | — |
| FY 2020 Q4 | Dec 31, 2020 | — | — | — | 11.78% | 4.59% | — |
| FY 2020 Q3 | Sep 30, 2020 | — | — | — | 8.3% | 3.1% | — |
| FY 2020 Q2 | Jun 30, 2020 | — | — | — | 6.06% | 2.24% | — |
| FY 2020 Q1 | Mar 31, 2020 | — | — | — | 0.91% | 0.33% | — |
| FY 2019 Q4 | Dec 31, 2019 | — | — | — | 22.57% | 8.44% | — |
| FY 2019 Q3 | Sep 30, 2019 | — | — | — | 10.38% | 3.89% | — |
| FY 2019 Q2 | Jun 30, 2019 | — | — | — | 14.36% | 5.31% | — |
| FY 2019 Q1 | Mar 31, 2019 | — | — | — | 12.22% | 4.52% | — |
| FY 2018 Q4 | Dec 31, 2018 | — | — | — | 3.57% | 1.31% | — |
| FY 2018 Q3 | Sep 30, 2018 | — | — | — | 17.42% | 6.27% | — |
| FY 2018 Q2 | Jun 30, 2018 | — | — | — | 12.17% | 4.33% | — |
| FY 2018 Q1 | Mar 31, 2018 | — | — | — | 10.7% | 3.85% | — |
| FY 2017 Q4 | Dec 31, 2017 | — | — | — | 13.66% | 4.95% | — |
| FY 2017 Q3 | Sep 30, 2017 | — | — | — | 6.87% | 2.39% | — |
| FY 2017 Q2 | Jun 30, 2017 | — | — | — | 8.1% | 2.81% | — |
| FY 2017 Q1 | Mar 31, 2017 | — | — | — | 8.63% | 3% | — |
| FY 2016 Q4 | Dec 31, 2016 | — | — | — | 8.76% | 3.01% | — |
| FY 2016 Q3 | Sep 30, 2016 | — | — | — | 9.61% | 3.3% | — |
| FY 2016 Q2 | Jun 30, 2016 | — | — | — | 9.52% | 3.28% | — |
| FY 2016 Q1 | Mar 31, 2016 | — | — | — | 10.4% | 3.62% | — |
| FY 2015 Q4 | Dec 31, 2015 | — | — | — | 9.75% | 3.37% | — |
| FY 2015 Q3 | Sep 30, 2015 | — | — | — | 10.14% | 3.47% | — |
| FY 2015 Q2 | Jun 30, 2015 | — | — | — | 10.19% | 3.51% | — |
| FY 2015 Q1 | Mar 31, 2015 | — | — | — | 8.8% | 3.05% | — |
| FY 2014 Q4 | Dec 31, 2014 | — | — | — | 8.3% | 2.88% | — |
| FY 2014 Q3 | Sep 30, 2014 | — | — | — | 7.87% | 2.68% | — |
| FY 2014 Q2 | Jun 30, 2014 | — | — | — | 7.11% | 2.42% | — |
| FY 2014 Q1 | Mar 31, 2014 | — | — | — | 7.6% | 2.6% | — |
| FY 2013 Q4 | Dec 31, 2013 | — | — | — | 8.97% | 3.02% | — |
| FY 2013 Q3 | Sep 30, 2013 | — | — | — | 10.51% | 3.47% | — |
| FY 2013 Q2 | Jun 30, 2013 | — | — | — | 10.46% | 3.42% | — |
| FY 2013 Q1 | Mar 31, 2013 | — | — | — | 8.9% | 2.96% | — |
| FY 2012 Q4 | Dec 31, 2012 | — | — | — | 8.01% | 2.61% | — |
| FY 2012 Q3 | Sep 30, 2012 | — | — | — | 7.16% | 2.28% | — |
| FY 2012 Q2 | Jun 30, 2012 | — | — | — | 5.31% | 1.7% | — |
| FY 2012 Q1 | Mar 31, 2012 | — | — | — | 3.68% | 1.21% | — |
| FY 2011 Q4 | Dec 31, 2011 | — | — | — | 3.29% | 1.08% | — |
| FY 2011 Q3 | Sep 30, 2011 | — | — | — | 3.23% | 1.04% | — |
| FY 2011 Q2 | Jun 30, 2011 | — | — | — | 6.02% | 1.95% | — |
| FY 2011 Q1 | Mar 31, 2011 | — | — | — | — | — | — |
| FY 2010 Q4 | Dec 31, 2010 | — | — | — | — | — | — |
| FY 2010 Q3 | Sep 30, 2010 | — | — | — | — | — | — |
| FY 2010 Q2 | Jun 30, 2010 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · CINF, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.