Cincinnati Financial Corporation.
CINF.US | Life insurance
Cincinnati Financial Corporation is an insurance holding company. It operates through five segments: Commercial Lines Insurance, Personal Lines Insurance, Property and Casualty Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment provides commercial property and casualt...Show More
Better Health for All
0
Cincinnati Financial Corporation's core business as an insurance carrier has no significant direct positive or negative health impact on the general public. The company demonstrates strong healthcare data responsibility, maintaining a comprehensive information security program that complies with numerous laws and standards, including the Health Insurance Portability and Accountability Act (HIPAA), California Consumer Privacy Act, and General Data Protection Regulation.
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It conducts internal audits of the company’s cybersecurity controls, engages external consultants to test cybersecurity effectiveness, and requires all associates to complete annual online training about techniques used by cybercriminals.
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The company also has documented incident response plans and evaluates third-party risks.
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While the company offers various wellness and mental health programs for its associates, these internal initiatives do not extend to broader public health outcomes, and therefore are not considered under the 'Better Health for All' value.
Fair Money & Economic Opportunity
0
Cincinnati Financial Corporation is an insurance holding company that provides various insurance products and manages investments. As the company does not provide debt products to consumers, the 'debt_burden_ratio' KPI is not applicable. The provided articles do not contain specific, quantifiable evidence to assess the company against other KPIs related to fair money and economic opportunity, such as underserved client share, pricing fairness, or inclusion initiatives.
Fair Pay & Worker Respect
40
The company's voluntary employee turnover rate was 4% in 2024, following 6% in 2023 and 8% in 2022.
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Independent pay equity studies in 2020 revealed an adjusted gender pay gap of 1.0% in favor of men and an adjusted ethnic minority pay gap of 1.5% in favor of ethnic minorities.
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Cincinnati Financial Corporation provides competitive market-based base pay, a matching 401(k) program, annual cash bonuses, stock ownership opportunities, and comprehensive healthcare benefits.
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Employee reviews indicate a family atmosphere and safe working conditions.
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Fair Trade & Ethical Sourcing
0
Cincinnati Financial Corporation operates primarily in the property and casualty insurance sector and investments.
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Article 0 explicitly states the company is "not directly involved in material supply chains scrutinized for fair trade practices" and has "limited" direct involvement in fair trade initiatives.
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As such, the company does not procure or trade physical commodities, nor does it have a traditional supply chain that would involve material sourcing, production, or associated labor practices. Consequently, all KPIs under the 'Fair Trade & Ethical Sourcing' value are not applicable to its business model, resulting in an N/A score for each.
Honest & Fair Business
-40
Cincinnati Financial received an Ethos ESG 'D' rating with an overall impact score of 26.3.
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The company publishes ESG reports, has a formal Ethical Business Practices Plan, and promotes an ethical culture based on the Golden Rule.
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Its corporate governance guidelines, including a Code of Conduct and a Code of Ethics for Senior Financial Officers, are publicly accessible.
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The company also has a dedicated Special Investigations Unit to combat fraud and provides channels for reporting insurance-related fraud.
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However, the Better Business Bureau has recorded complaints against the company, including issues related to policy renewals and billing practices, such as a complaint filed on April 23, 2024, regarding disputed charges after policy renewal complications.
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Kind to Animals
0
Cincinnati Financial Corporation operates in the property and casualty insurance sector, which has minimal direct animal involvement.
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The company does not engage in animal testing or sourcing, and its main products and services do not directly impact animal welfare.
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While the insurance industry has the potential for indirect influence on animal welfare through investment and underwriting policies, specific data on Cincinnati Financial’s actions in this area is not available.
3
No War, No Weapons
-10
Cincinnati Financial Corporation has no involvement in military contracts, arms manufacturing, or activities related to the military-industrial complex.
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The company's core business is property and casualty insurance.
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This means it has no defense business to oversee, no weapons-related ethical red lines needed, no exposure to controversial weapons, no conflict-linked partners, and no defense assets to divest.
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However, the company does not explicitly align with peace initiatives.
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Planet-Friendly Business
0
No specific, quantifiable data points were provided in the articles that directly align with the quantitative thresholds of the defined KPIs for Planet-Friendly Business. While the company has undertaken environmental initiatives such as a 16% improvement in fleet fuel efficiency since 2010,
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a 44% reduction in electricity consumption at its headquarters between 2015 and 2023,
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and a 39% decrease in emissions from electricity generation compared to 2010,
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these do not map to the required metrics like total Scope 1, 2, and 3 emissions in tCO₂e or percentage of renewable energy. Similarly, the mention of a LEED® Gold certified business continuity center
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and an ENERGY STAR® certified headquarters
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does not provide the overall percentage of green-certified buildings. An investment of $0.8 million in renewable energy initiatives
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and 45% of suppliers meeting environmental criteria
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also lack the specific data points required by the rubric, such as the percentage of operational energy from renewables or the percentage of suppliers with SBTi-aligned targets.
Respect for Cultures & Communities
0
No evidence available to assess Cincinnati Financial Corporation on Respect for Cultures & Communities.
Safe & Smart Tech
10
The company implemented 256-bit encryption across all digital platforms.
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It complies with Gramm-Leach Bliley Act, New York State Department of Financial Services Cybersecurity Regulation, California Consumer Privacy Act, General Data Protection Regulation, Health Insurance Portability and Accountability Act, and Payment Card Industry Data Security Standard.
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It also provides multiple privacy policies, including a specific privacy notice for California residents
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and adherence to New York Insurance Law §2612.
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All associates receive online training about cybercriminal techniques
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and are required to complete an annual online privacy course,
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with regular phishing tests conducted.
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The company has implemented an AI risk assessment process
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and follows recommendations from the December 2023 NAIC model bulletin for the use of artificial intelligent systems by insurers.
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Zero Waste & Sustainable Products
0
Cincinnati Financial Corporation has implemented over 10 waste reduction initiatives with measurable results. Corporate copy paper usage declined by nearly 50% since 2017.
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As of December 31, 2023, more than 35% of personal lines policyholders and nearly 85% of business insurance policies had gone paperless.
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The company also steadily decreased the number of printed and mailed annual reports and introduced paperless claims processing. Recycling programs are in place for paper, electronic equipment (14.4 tons in 2023), printer toner (362 pounds in 2023), and cardboard (17 tons in 2023).
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The paper recycling program donates 25% of its proceeds to charity, and community shred day events in 2023 and 2024 each collected approximately 9,000 pounds of paper for recycling.
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