CINCINNATI FINANCIAL
			Symbol			CINF

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Cincinnati Financial Corporation Declares Regular Quarterly Cash Dividend

2009-11-23 09:01 ET - News Release

CINCINNATI, Nov. 23/PRNewswire-FirstCall/ -- Cincinnati Financial Corporation today announced that at their regular meeting on November 20, 2009, the board of directors declared a 39.5 cents per share regular quarterly cash dividend payable January 15, 2010, to shareholders of record as of December 23, 2009. The company's annual cash dividend has increased for 49 consecutive years.

Kenneth W. Stecher, president and chief executive officer, commented, "The board remains confident that we are successfully executing our strategy to result in strong performance for the long term. Our earnings potential plus the company's capital strength allows shareholders to benefit in the near term from cash dividends, and in the future as we invest in opportunities to profitably grow our insurance business."

Cincinnati Financial Corporation offers business, home and auto insurance, our main business, through The Cincinnati Insurance Company and its two standard market property casualty companies. The same local independent insurance agencies that market those policies may offer products of our other subsidiaries, including life and disability income insurance, annuities and surplus lines property and casualty insurance. For additional information about the company, please visit www.cinfin.com.

Mailing Address:                        Street Address:
P.O. Box 145496                         6200 South Gilmore Road
Cincinnati, Ohio 45250-5496             Fairfield, Ohio 45014-5141

Safe Harbor Statement

This is our "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995. Our business is subject to certain risks and uncertainties that may cause actual results to differ materially from those suggested by the forward-looking statements in this report. Some of those risks and uncertainties are discussed in our 2008 Annual Report on Form 10-K, Item 1A, Risk Factors, Page 25. Although we often review or update our forward-looking statements when events warrant, we caution our readers that we undertake no obligation to do so.

Factors that could cause or contribute to such differences include, but are not limited to:

    --  Unusually high levels of catastrophe losses due to risk concentrations,
        changes in weather patterns, environmental events, terrorism incidents
        or other causes
    --  Increased frequency and/or severity of claims
    --  Inadequate estimates or assumptions used for critical accounting
        estimates
    --  Recession or other economic conditions resulting in lower demand for
        insurance products or increased payment delinquencies
    --  Delays in adoption and implementation of underwriting and pricing
        methods that could increase our pricing accuracy, underwriting profit
        and competitiveness
    --  Inability to defer policy acquisition costs for our personal lines
        segment if pricing and loss trends would lead management to conclude
        this segment could not achieve sustainable profitability
    --  Declines in overall stock market values negatively affecting the
        company's equity portfolio and book value
    --  Events, such as the credit crisis, followed by prolonged periods of
        economic instability or recession, that lead to:
    --  Significant or prolonged decline in the value of a particular security
        or group of securities and impairment of the asset(s)
    --  Significant decline in investment income due to reduced or eliminated
        dividend payouts from a particular security or group of securities
    --  Significant rise in losses from surety and director and officer policies
        written for financial institutions
    --  Prolonged low interest rate environment or other factors that limit the
        company's ability to generate growth in investment income or interest
        rate fluctuations that result in declining values of fixed-maturity
        investments, including declines in accounts in which we hold bank-owned
        life insurance contract assets
    --  Increased competition that could result in a significant reduction in
        the company's premium volume
    --  Changing consumer insurance-buying habits and consolidation of
        independent insurance agencies that could alter our competitive
        advantages
    --  Ability to obtain adequate reinsurance on acceptable terms, amount of
        reinsurance purchased, financial strength of reinsurers and the
        potential for non-payment or delay in payment by reinsurers
    --  Events or conditions that could weaken or harm the company's
        relationships with its independent agencies and hamper opportunities to
        add new agencies, resulting in limitations on the company's
        opportunities for growth, such as:
    --  Multi-notch downgrades of the company's financial strength ratings
    --  Concerns that doing business with the company is too difficult
    --  Perceptions that the company's level of service, particularly claims
        service, is no longer a distinguishing characteristic in the marketplace
    --  Delays or inadequacies in the development, implementation, performance
        and benefits of technology projects and enhancements
    --  Actions of insurance departments, state attorneys general or other
        regulatory agencies, including a change to a federal system of
        regulation from a state-based system, that:
    --  Restrict our ability to exit or reduce writings of unprofitable
        coverages or lines of business
    --  Place the insurance industry under greater regulatory scrutiny or result
        in new statutes, rules and regulations
    --  Increase our expenses
    --  Add assessments for guaranty funds, other insurance related assessments
        or mandatory reinsurance arrangements; or that impair our ability to
        recover such assessments through future surcharges or other rate changes
    --  Limit our ability to set fair, adequate and reasonable rates
    --  Place us at a disadvantage in the marketplace
    --  Restrict our ability to execute our business model, including the way we
        compensate agents
    --  Adverse outcomes from litigation or administrative proceedings
    --  Events or actions, including unauthorized intentional circumvention of
        controls, that reduce the company's future ability to maintain effective
        internal control over financial reporting under the Sarbanes-Oxley Act
        of 2002
    --  Unforeseen departure of certain executive officers or other key
        employees due to retirement, health or other causes that could interrupt
        progress toward important strategic goals or diminish the effectiveness
        of certain longstanding relationships with insurance agents and others
    --  Events, such as an epidemic, natural catastrophe or terrorism, that
        could hamper our ability to assemble our workforce at our headquarters
        location

Further, the company's insurance businesses are subject to the effects of changing social, economic and regulatory environments. Public and regulatory initiatives have included efforts to adversely influence and restrict premium rates, restrict the ability to cancel policies, impose underwriting standards and expand overall regulation. The company also is subject to public and regulatory initiatives that can affect the market value for its common stock, such as recent measures affecting corporate financial reporting and governance. The ultimate changes and eventual effects, if any, of these initiatives are uncertain.

Cincinnati Financial Corporation

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