Portfolio of securities owned

Portfolio of Securities Owned

September 30, 2022

Cincinnati Financial Corporation

The Cincinnati Insurance Company

The Cincinnati Life Insurance Company

The Cincinnati Casualty Company

The Cincinnati Indemnity Company

The Cincinnati Specialty Underwriters Insurance Company

The CSU Producer Resources Insurance Company

Cincinnati Global Underwriting Ltd.

CINCINNATI FINANCIAL CORPORATION

AND SUBSIDIARIES

Common Stocks	No. of	Book	Fair
Shares	Value	Value

3M ORD	772,800	55,702,018	85,394,400
ABBOTT LABORATORIES ORD	1,422,200	36,092,193	137,612,072
ABBVIE ORD	1,999,200	82,173,608	268,312,632
ACCENTURE CL A ORD	1,065,665	87,190,391	274,195,605
AGREE REALTY REIT ORD	558,000	40,521,084	37,709,640
AIR PRODUCTS AND CHEMICALS ORD	659,042	107,770,876	153,378,845
AMERICAN TOWER REIT	358,400	58,460,684	76,948,480
ANALOG DEVICES ORD	1,062,539	91,414,311	148,054,184
APPLE ORD	4,617,016	71,656,654	638,071,611
AT&T ORD	1,342,200	28,961,397	20,589,348
AUTOMATIC DATA PROCESSING ORD	580,900	44,591,564	131,393,771
AVALONBAY COMMUNITIES REIT ORD	245,150	38,029,817	45,154,179
BAXTER INTERNATIONAL ORD	2,196,548	177,801,863	118,306,075
BLACKROCK ORD	454,575	77,933,909	250,143,531
BROADCOM ORD	535,400	143,833,179	237,722,954
CHEVRON ORD	671,100	19,591,071	96,416,937
CHUBB ORD	794,326	89,647,566	144,472,013
CISCO SYSTEMS ORD	3,970,000	74,585,112	158,800,000
CME GROUP CL A ORD	1,031,900	60,016,068	182,780,447
COMCAST CL A ORD	1,793,500	77,121,566	52,603,355
CUMMINS ORD	652,400	61,493,393	132,769,924
DOVER ORD	1,331,380	33,913,700	155,212,280
DUKE ENERGY ORD	899,900	37,426,312	83,708,698
ENBRIDGE ORD	2,635,135	104,527,822	97,763,509
ESTEE LAUDER CL A ORD	382,900	105,502,714	82,668,110
EXXON MOBIL ORD	1,172,200	4,549,616	102,344,782
HASBRO ORD	1,359,068	45,907,911	91,628,365
HOME DEPOT ORD	696,500	113,581,287	192,192,210
HONEYWELL INTERNATIONAL ORD	1,132,500	31,075,404	189,093,525
INTERNATIONAL BUSINESS MACHINES ORD	227,000	18,375,839	26,969,870
JOHNSON & JOHNSON ORD	1,317,000	65,662,523	215,145,120
JPMORGAN CHASE ORD	2,288,000	81,143,265	239,096,000
LAM RESEARCH ORD	214,468	88,994,985	78,495,288
LYONDELLBASELL INDUSTRIES CL A ORD	1,025,141	85,140,803	77,172,614
MCDONALD'S ORD	848,138	47,488,476	195,699,362
MICROSOFT ORD	2,315,447	54,771,755	539,267,606
MONDELEZ INTERNATIONAL CL A ORD	2,386,500	126,766,034	130,851,795
NORFOLK SOUTHERN ORD	857,487	60,062,450	179,772,150
PEPSICO ORD	1,375,000	79,834,474	224,482,500
PFIZER ORD	4,297,225	80,743,307	188,046,566
PHILIP MORRIS INTERNATIONAL ORD	1,356,135	109,744,908	112,572,766
PINNACLE WEST ORD	1,056,578	76,067,275	68,159,847
PNC FINANCIAL SERVICES GROUP ORD	1,085,000	96,813,743	162,120,700
PROCTER & GAMBLE ORD	1,077,404	3,871,021	136,022,255
PROLOGIS REIT	770,000	50,580,530	78,232,000
QUALCOMM ORD	1,393,750	85,335,737	157,465,875
RAYTHEON TECHNOLOGIES ORD	1,213,916	59,807,326	99,371,164
RPM ORD	1,938,028	32,890,212	161,457,113
SNAP ON ORD	474,164	71,942,642	95,472,921
TJX ORD	1,922,000	100,198,560	119,394,640
UNITEDHEALTH GRP ORD	692,203	57,895,500	349,590,203
US BANCORP ORD	3,121,500	102,704,046	125,858,880
VALERO ENERGY ORD	940,370	67,228,891	100,478,535
VERIZON COMMUNICATIONS ORD	956,301	25,862,741	36,310,749
VF ORD	1,702,880	70,284,698	50,933,141
VISTRA EQY WARRANT	36,510	0	8,302
WEC ENERGY GROUP ORD	1,104,300	36,694,052	98,757,549
Total Industiral & Misc.	74,384,889	3,837,978,885	8,432,646,992
Total All Common Stock
74,384,889	3,837,978,885	8,432,646,992

- 2 -

CINCINNATI FINANCIAL CORPORATION

AND SUBSIDIARIES

Preferred Stocks	No. of	Book	Fair
Shares	Value	Value

ACRES COMMERCIAL REALTY CORP	340,000	8,500,000	6,694,600
AGTEXAS FARM CREDIT SERVICES	13,000,000	13,038,958	12,350,000
AMERICAN AGCREDIT ACA	7,000,000	7,000,000	6,510,000
ARBOR REALTY TRUST INC	300,000	7,500,000	5,805,000
AUCTION PASS THRU TRUST 2007-5	91	597,870	1,762,670
BANK OF AMERICA CORP	189,000	1,241,730	3,685,500
BANK OF AMERICA CORP	7,000,000	7,000,000	6,700,400
BRIDGEWATER BANCSHARES INC	80,000	2,000,000	1,710,800
CAPE ANALYTICS INC SERIES B PREFERRED	268,774	1,000,001	2,448,800
CAPE ANALYTICS INC SERIES C PREFERRED	27,439	249,997	249,997
CAPITAL ONE FINANCIAL CORP	400,000	10,000,000	6,880,000
CITIGROUP INC	5,000,000	4,925,000	4,940,600
CLEAR STREET GROUP INC.	480,000	12,000,000	10,320,000
CNB FINANCIAL CORP	300,000	7,500,000	7,590,000
COMPEER FINANCIAL ACA	7,000	7,000,000	6,895,000
COMPEER FINANCIAL, ACA.	2,000,000	2,000,000	1,765,001
CONNECTONE BANCORP INC	200,000	5,000,000	3,970,000
DIME COMMUNITY BANCSHARES INC	140,000	3,500,000	2,767,800
ELLINGTON FINANCIAL INC	320,000	8,000,000	5,916,800
ELLINGTON FINANCIAL INC	320,000	8,000,000	5,420,384
FIFTH THIRD BANCORP	10,000,000	10,012,450	9,003,755
FIRST BUSINESS FINANCIAL SERVICES INC	7,500	7,500,000	5,250,000
FIRST CITIZENS BANCSHARES INC (DELAWARE)	200,000	5,000,000	4,280,000
FIRST GUARANTY BANCSHARES INC	160,000	4,000,000	3,840,000
FIRST MERCHANTS CORP	280,000	7,000,000	7,058,800
FNB CORP	200,000	5,000,000	5,146,000
FULTON FINANCIAL CORP	400,000	10,000,000	8,312,000
GENERAL ELECTRIC CO	3,602,000	2,999,088	3,369,862
GLADSTONE COMMERCIAL CORP	175,000	4,375,000	3,743,250
GOLDMAN SACHS GROUP INC	400,000	9,580,000	9,904,000
HL ACQUISITION, INC SERIES SEED PREFERRED	141,153	200,000	412,520
HL ACQUISITION, INC SERIES SEED PREFERRED	59,880	174,999	174,999
HUNTINGTON BANCSHARES INC	5,000,000	5,143,292	4,552,648
INPOINT COMMERCIAL REAL ESTATE INCOME INC	280,000	7,000,000	5,378,800
JPMORGAN CHASE & CO	400,000	10,000,000	7,184,000
KORTH DIRECT MORTGAGE INC.	200,000	4,900,000	4,900,000
KORTH DIRECT MORTGAGE LLC	5,000	5,000,000	5,000,000
LUMENT FINANCE TRUST INC	200,000	5,000,000	4,058,000
MEDALLION BANK	160,000	4,000,000	3,928,000
MERCHANTS BANCORP	400,000	10,000,000	9,316,000
MERCHANTS BANCORP	320,000	8,000,000	8,048,000
MIDLAND STATES BANCORP INC	320,000	8,000,000	8,176,000
MORGAN STANLEY	200,000	5,000,000	5,114,000
MORGAN STANLEY	400,000	10,684,000	10,092,000
MORGAN STANLEY	150,000	3,862,500	3,711,525
MORGAN STANLEY	100,000	2,500,000	2,437,000
MORGAN STANLEY	80,000	2,000,000	2,013,600
NEW YORK COMMUNITY BANCORP INC	280,000	7,000,000	6,823,600
NEW YORK MORTGAGE TRUST INC	280,000	7,000,000	4,018,000
NORTHPOINTE BANCSHARES INC	400,000	10,000,000	9,700,000
OCEANFIRST FINANCIAL CORP	200,000	5,000,000	5,030,000
OLD NATIONAL BANCORP	200,000	5,000,000	5,076,000
PACWEST BANCORP	280,000	7,000,000	7,091,000
PINNACLE FINANCIAL PARTNERS INC	200,000	5,000,000	5,104,000
PNC FINANCIAL SERVICES GROUP INC	600,000	14,977,337	15,222,000
READY CAPITAL CORP	380,000	9,500,000	6,821,000
REPUBLIC FIRST BANCORP, INC.	320,000	8,000,000	7,145,600
SIGNATURE BANK	200,000	5,000,000	3,510,000
SILVERGATE CAPITAL CORP	280,000	7,000,000	4,396,000
STATE STREET CORP	660,000	660,000	653,847
STIFEL FINANCIAL CORP	400,000	10,000,000	6,920,000
TPG RE FINANCE TRUST INC	240,000	6,000,000	4,116,000
TRUIST FINANCIAL CORP	10,000,000	10,032,882	8,100,000
UNITED FIDELITY BANK, FSB	10,000	10,000,000	8,475,000
	- 3 -

CINCINNATI FINANCIAL CORPORATION

AND SUBSIDIARIES

Preferred Stocks	No. of	Book	Fair
Shares	Value	Value

UNITED FIDELITY BANK, FSB	5,000	5,000,000	3,700,000
UNITED FIDELITY BANK, FSB	5,000	5,000,000	4,775,000
VALLEY NATIONAL BANCORP	400,000	10,000,000	9,720,000
WELLS FARGO & CO	600,000	15,000,000	13,440,000
WESBANCO INC	300,000	7,500,000	7,488,000
WINTRUST FINANCIAL CORP	280,000	7,000,000	6,840,400
ZIONS BANCORPORATION NA	10,000,000	9,512,500	9,427,046
Total Industrial & Misc.	87,732,837	459,167,603	412,380,603
Total All Preferred Stock*
87,732,837	459,167,603	412,380,603
Total Common and Preferred
162,117,726	4,297,146,489	8,845,027,595

*Redeemable preferred holdings with a total book value of $5,000,000 and market value of $5,000,000 are reported as fixed maturities on the Cincinnati Financial Corporation balance sheets.

- 4 -

CINCINNATI FINANCIAL CORPORATION

Bonds	Par Value	Interest	Maturity	Amortized
Rate (%)	Mo.	Year	Cost

SUFFOLK VA	2,000,000	3.400	02	2037	2,000,000
Total Political Subdivisions	2,000,000				2,000,000
ARIZONA INDL DEV AUTH REV	90,000	5.500	12	2022	90,000
ARIZONA INDL DEV AUTH REV	1,350,000	7.000	06	2049	1,350,000
ARIZONA INDL DEV AUTH REV	725,000	7.375	05	2030	126,875
ARIZONA INDL DEV AUTH REV	850,000	6.500	07	2049	849,034
ARLINGTON HIGHER EDUCATION FINANCE CORPORATION	930,000	6.000	03	2051	930,000
ARLINGTON HIGHER EDUCATION FINANCE CORPORATION	500,000	5.000	06	2051	513,568
ARLINGTON HIGHER EDUCATION FINANCE CORPORATION	5,000,000	5.750	09	2051	5,000,000
CALIFORNIA MUN FIN AUTH CHARTER SCH REV	1,000,000	4.500	08	2043	1,000,000
CALIFORNIA ST ENTERPRISE DEV AUTH CHARTER SCH RE	800,000	6.500	06	2050	801,684
CAPITAL TR AGY FLA EDL FACS REV	250,000	8.000	12	2027	250,000
CAPITAL TR AGY FLA EDL FACS REV	250,000	7.000	06	2049	252,460
CAPITAL TR AGY FLA REV	550,000	8.500	01	2027	244,761
CAPITAL TR AGY FLA SR LIVING REV	2,000,000	7.000	04	2049	1,109,500
CAPITAL TR AGY FLA SR LIVING REV	250,000	8.000	10	2026	250,000
CAPITAL TR AGY FLA SR LIVING REV	3,680,000	7.000	10	2049	3,680,000
COLORADO EDL & CULTURAL FACS AUTH REV	3,400,000	5.750	06	2050	3,400,000
FLORIDA DEV FIN CORP EDL FACS REV	1,000,000	6.000	06	2050	1,000,000
FLORIDA DEV FIN CORP EDL FACS REV	360,000	6.500	06	2026	360,000
INDIANA ST FIN AUTH REV	705,000	6.500	06	2049	705,000
JONESBORO ARK RESIDENTIAL HSG & HEALTHCARE FACS	650,000	6.500	11	2049	626,766
JONESBORO ARK RESIDENTIAL HSG & HEALTHCARE FACS	860,000	7.500	05	2036	860,000
LAKE COUNTY PORT AND ECONOMIC DEVELOPMENT AUTH	1,700,000	6.750	12	2052	510,000
MANASSAS VA ECONOMIC DEV AUTH ARPT FACS REV	255,000	6.625	01	2044	255,000
MANASSAS VA ECONOMIC DEV AUTH ARPT FACS REV	250,000	5.875	07	2050	250,000
MARICOPA CNTY ARIZ INDL DEV AUTH ED REV	1,900,000	6.500	07	2049	1,873,767
MARYLAND ECONOMIC DEV CORP ED FAC REV	2,850,000	6.500	12	2049	2,850,000
MERCER CNTY PA INDL DEV AUTH COLLEGE REV	2,655,000	6.125	10	2050	2,655,000
MIAMI-DADE CNTY FLA INDL DEV AUTH INDL DEV REV	550,000	7.000	12	2048	546,535
MONTGOMERY CNTY MD ECONOMIC DEV REV	500,000	6.500	06	2048	478,323
NEW HAMPSHIRE HEALTH & ED FACS AUTH REV	4,250,000	4.625	09	2051	4,210,071
NEW HAMPSHIRE HEALTH & ED FACS AUTH REV	300,000	8.000	09	2027	300,000
NEW HOPE CULTURAL ED FACS FIN CORP TEX SR LIVING R	2,500,000	8.000	12	2031	2,500,000
PALM BEACH COUNTY	3,155,000	4.250	04	2053	2,998,115
PENNSYLVANIA ECONOMIC DEV FING AUTH REV	750,000	6.500	12	2038	285,000
PIMA CNTY ARIZ INDL DEV AUTH ED REV	210,000	5.850	07	2034	208,664
PUBLIC FIN AUTH WIS CHARTER SCH REV	900,000	5.500	09	2051	900,000
PUBLIC FIN AUTH WIS ED REV	250,000	5.375	06	2028	250,000
PUBLIC FIN AUTH WIS SR LIVING REV	1,010,000	6.000	04	2049	995,085
PUBLIC FIN AUTH WIS SR LIVING REV	775,000	7.500	04	2034	775,000
PUBLIC FIN AUTH WIS SR LIVING REV	1,000,000	7.000	07	2049	850,000
PUBLIC FIN AUTH WIS SR LIVING REV	2,700,000	5.750	12	2050	2,700,000
SOUTH CAROLINA JOBS-ECONOMIC DEV AUTH ECONOMIC	3,200,000	6.750	12	2049	3,192,946
SOUTH CAROLINA JOBS-ECONOMIC DEV AUTH ECONOMIC	3,500,000	6.500	07	2050	3,490,040
SOUTH CAROLINA JOBS-ECONOMIC DEV AUTH ECONOMIC	1,865,000	4.625	11	2056	1,865,000
SOUTH CAROLINA JOBS-ECONOMIC DEV AUTH EDL FACS R	400,000	7.000	06	2049	400,000
SOUTH CAROLINA JOBS-ECONOMIC DEV AUTH EDL FACS R	850,000	7.000	01	2050	852,547
SOUTH CAROLINA JOBS-ECONOMIC DEV AUTH EDL FACS R	275,000	8.000	01	2027	275,000
SOUTH CAROLINA JOBS-ECONOMIC DEV AUTH EDL FACS R	225,000	6.500	12	2026	225,000
SOUTH CAROLINA JOBS-ECONOMIC DEV AUTH EDL FACS R	1,095,000	5.125	06	2051	1,095,000
ST LOUIS MO LD CLEARANCE REDEV AUTH SPL DIST SALE	295,000	5.625	04	2031	293,930
Total Special Revenue & Special Assess.	65,365,000				61,479,671

- 5 -

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Cincinnati Financial Corporation published this content on 31 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 October 2022 21:09:27 UTC.

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