Cincinnati: Insurance Firms

cincinnati: Cincinnati Financial works with independent insurance firms, rather than captive insurance firms like Allstate or State Farm, according to The Independent. Independent insurance firms usually work with six to 12 different carriers who are bidding for your insurance and may have more competitive prices than captive insurers. Cincinnati Financial was founded in 1950, and in 2018 had net written premiums of over 5 billion, with 60% being in commercial lines, 26% personal lines, and the remainder from excess and surplus and life insurance. At year-end 2018, Cincinnati Financial had 2,344 relationships in about 40 states. As an investor, we appreciate the highly predictable revenue growth from expanding these relationships. Once a new agency starts carrying Cincinnati Financial's insurance, their market share of premiums written within the agency generally rises to an average of over 14% after 10 years. (news.financializer.com). As reported in the news.