Summer 2027
Posted on 8/15/2026
Underwrites property and casualty insurance.
$20/hr
No H1B Sponsorship
United States
Hybrid
Field-based; travel to Fairfield, Ohio, is required during the first and last weeks, with reliable transportation to field sites.
Bachelor's, Master's
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Cincinnati Financial provides property and casualty insurance through The Cincinnati Insurance Companies, distributed by independent agents to reach a broad market. It offers personal lines (homeowners, auto, personal liability) and commercial lines (general liability, property, casualty), plus life insurance, disability income, and annuities through Cincinnati Life. The products work by underwriting policies and investing premiums to generate income; customers pay premiums and receive coverage when incidents occur, while the company earns returns on its investment portfolio. The independent-agent distribution and multi-line product mix help it serve individuals and businesses across a wide range of needs, differentiating it from peers that rely on direct sales or narrower lines. The goal is to provide steady protection and financial security to clients while growing through prudent underwriting and investment management.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Fairfield, California
Founded
1950
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Paid Vacation
401(k) Company Match
Stock Options
Hybrid Work Options
Cincinnati Financial missed Wall Street expectations in its second quarter, with revenue of $2.97 billion falling short of the $3.00 billion estimate and adjusted earnings per share of $1.43 missing the $1.82 forecast by 21.3%. CEO Steve Spray attributed the results to modestly elevated catastrophe losses and pricing discipline. Operating margin improved to 53.1%, up from 30.8% in the prior year period. During the earnings call, analysts probed management on large commercial losses, commission structures amid market softening, and personal lines re-underwriting following catastrophe events. Management emphasised that loss volatility remained within expectations and that agent compensation structures would stay unchanged, focusing on profitability over aggressive expansion. The company is continuing its re-underwriting process, particularly in California after recent wildfires.
Cincinnati Financial reported second-quarter 2026 net income of nearly $1.3 billion, boosted by an $882 million after-tax increase in equity securities' fair value. However, non-GAAP operating income fell to $224 million from $311 million year over year. Property-casualty net written premiums grew 3% as the company prioritised pricing discipline in a softening market. The quarterly combined ratio worsened to 100.8%, though the first-half current accident-year ratio before catastrophes remained stable at 87.8%. Investment income increased 12%. The insurer maintained strong capital metrics, including record book value of $108.64 per share and $5.7 billion in parent-company cash and marketable securities. Chief Executive Officer Steve Spray said results reflected continued execution of the company's underwriting strategy, with roughly two-thirds of premium growth coming from pricing and one-third from increased insured exposures.
Cincinnati Financial Corporation reported second-quarter 2026 net income of $1.255 billion, or $8.05 per share, compared with $685 million, or $4.34 per share, in the same period last year. The increase included an $882 million after-tax gain from equity securities. Non-GAAP operating income decreased to $224 million, or $1.43 per share, from $311 million, or $1.97 per share, in second-quarter 2025. The decline reflected $61 million in higher catastrophe losses. Book value per share reached $108.64 at 30 June 2026, up $6.29 since year-end. The company's value creation ratio was 8.0% for the first six months. The property casualty combined ratio increased to 100.8% from 94.9% in second-quarter 2025, driven by elevated catastrophe losses, particularly in Ohio. Net written premiums grew 3% in the quarter.
Cincinnati Financial was removed from the Russell 1000 Dynamic Index despite posting 11.4% year-on-year revenue growth. The company raised its quarterly dividend to $0.94, extending a 65-year streak of increases. First-quarter 2026 net income rebounded to $274 million after last year's wildfire-driven loss. The insurer continues to balance capital returns through dividends and share buybacks against sector-wide pressures from climate-related catastrophe losses and rising litigation costs. Cincinnati Financial's narrative projects $12.9 billion revenue and $954.8 million earnings by 2029. This implies roughly flat yearly revenue growth and a $1.8 billion earnings decrease from current levels of $2.8 billion. Community fair value estimates range from $149 to $182 per share, reflecting varied investor assessments of the company's performance potential amid increasing catastrophe and weather-related claims.
Insurer sues to avoid covering KC Super Bowl rally shooting. By Mike Curley ( June 11, 2026, 6:34 PM EDT) - The Cincinnati Specialty Underwriters Insurance Co. sued Kansas City, Missouri, and others in Missouri federal court, claiming Thursday that they are not entitled to indemnity for suits over the mass shooting at the February 2024 rally celebrating the Chiefs' Super Bowl win... Law360 is on it, so you are, too. A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions. A Law360 subscription includes features such as * Daily newsletters * Expert analysis * Mobile app * Advanced search * Judge information * Real-time alerts * 450K+ searchable archived articles Experience Law360 today with a free 7-day trial. Attached documents. Related sections. Case information. Case title. Case number. Court. Nature of suit. Judge. Date filed. Law firms. Government agencies. This past year, 10 lawyers across the country at plaintiffs' firms big and small helped secure millions of dollars in settlements and verdicts for their clients, going up against powerful defendants like Google, Monsanto and the Trump administration, earning the attorneys recognition as Law360's Titans of the Plaintiffs Bar for 2026.