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The Cincinnati Insurance Companies history
The Cincinnati Insurance Companies company history timeline
In 1950, four independent agents, living and working in Ohio, wanted something different, something focused on relationships and care, where everyone matters.
The Cincinnati Insurance Company, founded in 1950, markets property and casualty insurance in 31 states through nearly 1,000 carefully selected independent agencies.
The business was chartered as The Cincinnati Insurance Company in 1950 by two brothers, John ("Jack") and Robert Schiff.
By 1967, CIC offered 13 types of insurance.
The company was founded in 1968 and is headquartered in Fairfield, OH.“
1968: Cincinnati Financial Corporation is established as a holding company.
In 1970, Cin-Fin created CFC Investment Company.
In 1972, the company hired James Miller as its first full-time investment department employee.
Inter-Ocean Chairman W.G. Alpaugh, Jr., replaced the retiring Harry Turner as Cin-Fin chairman in 1973.
During the mid-1980s, property-casualty insurers averaged a combined ratio of 116, but in the latter years of the decade, Cin-Fin managed to keep its combined ratio under 100.
1984: The company experiences its first decline in profits.
Financial World's Adrienne Linsenmeyer noted that in 1990 "70 percent of Cin-Fin's independent agents rate the company tops and book their best business with the company." CIC won over customers by offering guaranteed rates, and policies with premiums that did not increase for up to five years.
As such, company executives began to target Wall Street analysts in late 1995, touting the company's financial and industry achievements.
1995: The firm expands into Arkansas, Maryland, and Minnesota.
During 1999, the firm's property and casualty premiums grew by seven percent, while the industry average at the time was just 2.3 percent.
1999: Morgan retires and chairman John J. Schiff, Jr., takes over as CEO; Cin-Fin establishes its sixth subsidiary, CinFin Capital Management.
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The Cincinnati Insurance Companies competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| UnitedHealth Group | 1977 | $400.3B | 300,000 | 9,353 |
| Centene | 1984 | $163.1B | 65,000 | 499 |
| Elevance Health | 1944 | $121.9B | 63,900 | 1 |
| Primerica | 1977 | $602.0M | 2,104 | 66 |
| Prudential Retirement Insurance And Annuity Co | - | $57 | 41,671 | - |
| WellCare Health Plans | 1985 | $20.4B | 14,000 | - |
| The Vanguard Group | 1975 | $6.9B | 17,600 | 258 |
| AFG Group | 1990 | $8.5M | 180 | - |
| Protective Life | 1907 | $131.2M | 3,200 | 63 |
| Genworth | 2004 | $8.4B | 3,000 | 21 |
The Cincinnati Insurance Companies history FAQs
Zippia gives an in-depth look into the details of The Cincinnati Insurance Companies, including salaries, political affiliations, employee data, and more, in order to inform job seekers about The Cincinnati Insurance Companies. The employee data is based on information from people who have self-reported their past or current employments at The Cincinnati Insurance Companies. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by The Cincinnati Insurance Companies. The data presented on this page does not represent the view of The Cincinnati Insurance Companies and its employees or that of Zippia.
The Cincinnati Insurance Companies may also be known as or be related to Cincinnati Financial Corp., Cincinnati Financial Corporation, The Cincinnati Insurance Companies and Cincinnati Financial.