Go the company web site or any other site you prefer and download the most recent (2020) 10-K annual financial statement of Cincinnati Financial Corp. (CINF). Note that the dollar amounts in the financial reports of large companies are normally reported in $millions.
1. Who is CINF and what do they do?
2. How much premium did the company (consolidated) write in the most recent complete fiscal year? Was it a good, average, or bad year for them? Comment on the results in light of the ongoing pandemic.
3. What was their consolidated pre-tax net income? What was their after-tax net income? Anything interesting about their tax liabilities?
4. What is management worried about (there is a long section in the 10-K covering risks)? What are they doing to mitigate these risks?
5. Over the past 5 years, what kinds of important trends do you see? Sales? Profitability? Investment returns? Loss ratios? Discuss your findings, referring to specific financial metrics.
6. Briefly describe their marketing strategy.
7. How much did they have invested at the end of the most recent year (look at the consolidated balance sheet — not the holding company or a subsidiary)? What asset class was largest? Why might that be?

8.How are they dealing with catastrophe exposures?