Personal lines (auto, home, boat, personal items) policyholders can register to view and print policy documents, including auto ID cards. Directly billed policyholders can also view and print billing statements.
Directly billed policyholders can make a one-time premium payment online from your bank account or credit card using this feature.
Personal lines (auto, home, boat, personal items) policyholders can register to view and print policy documents, including auto ID cards. Directly billed policyholders can also view and print billing statements.
Directly billed policyholders can make a one-time premium payment online from your bank account or credit card using this feature.
Security. Stability. A strong and stable financial future. That’s what insurance is all about. At The Cincinnati Insurance Companies, we also believe in giving our agents and associates the foundation they need to build for tomorrow, to think about and build for the long term, both for themselves and for our company.
Over the past 75 years, we’ve sought out the best people to serve our policyholders and agents, investing in them to make them even better. And for decades, we’ve given our associates the opportunity to invest in the company to share the fruits of their hard work, expertise and commitment. It’s been transformative. Not only have our stock option plans created powerful paths to prosperity, they’ve instilled the sense that we’re building something great for shareholders, agents, insureds and ourselves.
Cincinnati’s people have always worked hard for our agents and policyholders. The Cincinnati Insurance Company co-founders John J. (Jack) and Robert C. (Bob) Schiff began working Saturdays in 1946 to maximize time for meeting with agents and policyholders, a practice associates continued for decades at the company. And we’ve always made clear that insurance at Cincinnati is a team effort: We want our associates to feel empowered to speak up and offer ideas to make us even better.
That unmatched commitment on the part of our associates is the major reason that we have grown from a small Ohio insurer with $200,000 in the bank to a global financial services company worth nearly $20 billion. For decades, we have invited and encouraged all our associates to share in that success by becoming shareholders.
The Cincinnati Insurance Company launched its first stock option plan in 1959. Such incentives were not unusual in American business, but ours had a unique twist. Instead of offering potentially lucrative options in the fast-growing company only to top executives, we made them available to associates, creating a further incentive to provide the best possible service to both agents and policyholders.
To sweeten the deal, we even offered no-interest loans, paid off through payroll deductions, to exercise stock options or buy shares—and we still do. Some 40% of associates quickly jumped at the opportunity.
In 1976, we started giving shares to associates as a reward for loyal service, one for each full year as team members. By the 1980s, about 95% of Cincinnati associates were also shareholders.
Those associates who have taken advantage of the company’s generous stock option and stock purchase programs have been handsomely rewarded for their hard work through those programs. Like all Cincinnati shareholders, they have enjoyed 64 years and counting of increasing cash dividends. And the company they have built continues to prove an excellent investment: Over the last 40 years, Cincinnati’s share price has soared nearly 5,000%. By contrast, an investment in the Standard & Poor’s 500 Index—which the company joined in 1997—returned just over 3,000% over the same period.
As The Cincinnati Insurance Companies celebrates 75 years of being A Bridge to Better, we honor our legacy of putting agents first, our noble industry, and our commitment to meeting the ever-evolving needs of policyholders.
