CINCINNATI FINANCIAL CORP Debt Disclosure

Note PayableWe had one unsecured revolving credit facility through multiple commercial banks that was due to expire on February 4, 2026. On October 10, 2025, we terminated our $300 million credit agreement and simultaneously entered into a new $400 million unsecured revolving credit agreement expiring on October 10, 2030, with two optional one-year extensions. The credit facility is fully subscribed among four lenders and includes a $400 million accordion feature, a $400 million sublimit for letters of credit, and a $75 million sublimit for swing line loans. Terms and conditions of the agreement include a debt-to-total capital maximum of 35%. We had no compensating balance requirements on short-term debt for either 2025 or 2024. The line of credit had $25 million drawn at both December 31, 2025 and 2024. The interest rate charged on our borrowings on these credit agreements ranged from 4.88% to 5.34% during 2025 and ranged from 5.56% to 6.34% during 2024. In addition, we have letters of credit related to our Cincinnati Re operations with no amounts drawn at December 31, 2025 and 2024. On September 12, 2024, we terminated our $94 million unsecured letter of credit agreement, which provided a portion of the capital needed to support Cincinnati Global's obligations at Lloyd's, and replaced the letter of credit agreement with common equities held in Lloyd's trust accounts.