Press Release: The Cincinnati Insurance Company Chief Information Officer Announces Retirement

CINCINNATI, June 16, 2026 /PRNewswire/ -- Cincinnati Financial Corporation (Nasdaq: CINF) announced that John S. Kellington, chief information officer and executive vice president for its lead subsidiary, The Cincinnati Insurance Company, will retire August 7.

Kellington joined the company in 2010 as a proven insurance and technology leader. He transformed Cincinnati's information technology operations by championing an architecture-led IT model. The success of that model enabled the company to become a leader in agency interface services, including real time download and upload capabilities directly to an agency's management system. It also paved the way for innovative breakthroughs, such as the patented architecture platform behind the company's award-winning small business system -- powered by Cinergy$(SM)$ .

Ryan M. Osborn, vice president, Information Technology, will assume executive responsibility for the company's information technology teams. Osborn joined Cincinnati Insurance in 2000. Throughout his 26-year career with the company, he's been consistently recognized for his technical excellence and strong communication abilities. Osborn quickly advanced through the ranks, playing key leadership roles in maturing the company's architecture program, reducing technical debt, strengthening standards and roadmaps, and accelerating modernization through the implementation of both Agile and DevOps process models.

Stephen M. Spray, president and chief executive officer, commented: "John led an outstanding transformation of our IT organization, and I'm grateful for the energy and dedication he's given to Cincinnati Insurance over the past 16 years. By focusing on shared enterprise capabilities, he enabled our technology team to solve many challenges created by the complexity of our industry and to deliver technology advancements with incredible speed and accuracy."

"We wanted a technology leader who understood the standards and governance mechanisms that underpin that system," continued Spray. "Ryan's experience in laying the groundwork for many of our project management and architecture standards make him the ideal candidate to drive the next evolution of our technology teams. He has a clear vision of what it will take to meet the ever-increasing demands of our business."

"Understanding that the retirement of key leaders is part of the natural course of business, we've established succession planning processes to facilitate smooth transitions. John and Ryan will work through that process together to ensure we don't miss a beat in delivering on key IT projects already underway," concluded Spray.

About Cincinnati Financial

Cincinnati Financial Corporation offers primarily business, home and auto insurance, our main business, through The Cincinnati Insurance Company and its two standard market property casualty companies. The same local independent insurance agencies that market those policies may offer products of our other subsidiaries, including life insurance, fixed annuities and surplus lines property and casualty insurance. For additional information about the company, please visit cinfin.com.

 
Mailing Address:             Street Address: 
P.O. Box 145496              6200 South Gilmore Road 
Cincinnati, Ohio 45250-5496  Fairfield, Ohio 45014-5141 
 

Safe Harbor Statement

Our business is subject to certain risks and uncertainties that may cause actual results to differ materially from those suggested by forward-looking statements. Any forward-looking statements contained herein, are based upon our current estimates, assumptions and plans that are subject to uncertainty. These statements are made subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words like "seek," "expect," "will," "should," "could," "might," "anticipate," "believe," "estimate," "intend," "likely," "future," or other similar expressions. Forward-looking statements speak only as of the date they were made; we assume no obligation to update such statements. Factors that could cause actual results to differ materially from those expressed in, or implied by, the forward-looking statements include, but are not limited to:

Insurance-Related Risks

   -- Risks and uncertainties associated with our loss reserves or actual claim 
      costs exceeding reserves 
 
   -- Increased frequency and/or severity of claims or development of claims 
      that are unforeseen at the time of policy issuance 
 
   -- Unusually high levels of catastrophe losses due to risk concentrations or 
      changes in weather patterns, environmental events, war or political 
      unrest, terrorism incidents, cyberattacks, civil unrest or other causes; 
      and our ability to manage catastrophe risk 
 
   -- Risks associated with analytical models in key areas such as underwriting, 
      pricing, capital management, reserving, investments, reinsurance, and 
      catastrophe risk management 
 
   -- Inadequate estimates or assumptions, or reliance on third-party data used 
      for critical accounting estimates 
 
   -- Events or conditions that could weaken or harm our relationships with our 
      independent agencies and hamper opportunities to add new agencies, 
      resulting in limitations on our opportunities for growth 
 
   -- Mergers, acquisitions, and other consolidations of agencies that result 
      in a concentration of a significant amount of premium in one agency or 
      agency group and/or alter our competitive advantages 
 
   -- Our inability to manage business opportunities, growth prospects, and 
      expenses for our ongoing operations 
 
   -- Changing consumer insurance-buying habits 
 
   -- The inability to obtain adequate ceded reinsurance on acceptable terms, 
      for acceptable amounts, and from financially strong reinsurers; and the 
      potential for nonpayment or delay in payment by reinsurers 
 
   -- Domestic and global events, such as the wars in Ukraine and in the Middle 
      East, future pandemics, inflationary trends, changes in U.S. trade and 
      tariff policy, and disruptions in the banking and financial services 
      industry, resulting in insurance losses, capital market or credit market 
      uncertainty, followed by prolonged periods of economic instability or 
      recession, that lead to: 
 
          -- Securities market disruption or volatility and related effects 
             such as decreased economic activity and continued supply chain 
             disruptions that affect our investment portfolio and book value 
 
          -- Significant or prolonged decline in the fair value of securities 
             and impairment of the assets 
 
          -- Significant decline in investment income due to reduced or 
             eliminated dividend payouts from securities 
 
          -- Significant rise in losses from surety or director and officer 
             policies written for financial institutions or other 
             insured entities or in losses from policies written by Cincinnati 
             Re or Cincinnati Global 
 
          -- An unusually high level of claims in our insurance or reinsurance 
             operations that increase litigation-related expenses 
 
          -- Decreased premium revenue and cash flow from disruption to our 
             distribution channel of independent agents, consumer 
             self-isolation, travel limitations, business restrictions and 
             decreased economic activity 
 
          -- The inability of our workforce, agencies, or vendors to perform 
             necessary business functions 

Financial, Economic, and Investment Risks

   -- Declines in overall stock market values negatively affecting our equity 
      portfolio and book value 
 
   -- Downgrades in our financial strength ratings 
 
   -- Interest rate fluctuations or other factors that could significantly 
      affect: 
 
          -- Our ability to generate growth in investment income 
 
          -- Values of our fixed-maturity investments and accounts in which we 
             hold bank-owned life insurance contract assets 
 
          -- Our traditional life policy reserves 
 
   -- Economic volatility and illiquidity associated with our alternative 
      investments in private equity, private credit, real property, and limited 
      partnerships 
 
   -- Failure to comply with covenants and other requirements under our credit 
      facilities, senior debt, and other debt obligations 
 
   -- Recession, prolonged elevated inflation, or other economic conditions 
      resulting in lower demand for insurance products or increased 
      payment delinquencies 
 
   -- The inability of our subsidiaries to pay dividends consistent with 
      current or past levels impacting our ability to pay shareholder dividends 
      or repurchase shares 

General Business, Technology, and Operational Risks

   -- Ineffective information technology systems or failing to develop and 
      implement improvements in technology 
 
   -- Difficulties with technology or data security breaches, including 
      cyberattacks, could negatively affect our, or our agents', ability to 
      conduct business; disrupt our relationships with agents, policyholders, 
      and others; cause reputational damage, mitigation expenses, data loss, 
      and expose us to liability 
 
   -- Difficulties with our operations and technology that may negatively 
      impact our ability to conduct business, including cloud-based data 
      information storage, data security, remote working capabilities, and/or 
      outsourcing relationships and third-party operations and data security 
 
   -- Disruption of the insurance market caused by technology innovations -- 
      such as driverless cars -- that could decrease consumer demand for 
      insurance products 
 
   -- Delays, inadequate data developed internally or from third parties, or 
      performance inadequacies from ongoing development and implementation of 

      underwriting and pricing models and methods, including usage-based 
      insurance methods, automation, artificial intelligence, or technology 
      projects and enhancements expected to increase our efficiency, pricing 
      accuracy, underwriting profit, and competitiveness 
 
   -- Intense competition, and the impact of innovation, emerging technologies, 
      artificial intelligence and changing customer preferences on the 
      insurance industry and the markets in which we operate, could harm our 
      ability to maintain or increase our business volumes and profitability 
 
   -- Inability to defer policy acquisition costs for any business segment if 
      pricing and loss trends would lead management to conclude that the 
      segment could not achieve sustainable profitability 
 
   -- Unforeseen departure of certain executive officers or other key employees 
      that could interrupt progress toward important strategic goals or 
      diminish the effectiveness of certain longstanding relationships with 
      insurance agents and others 
 
   -- Our inability, or the inability of our independent agents, to attract and 
      retain personnel 
 
   -- Events, such as a pandemic, an epidemic, natural catastrophe, or 
      terrorism, which could hamper our ability to assemble our workforce, work 
      effectively in a remote environment, or other failures of business 
      continuity or disaster recovery programs 

Regulatory, Compliance, and Legal Risks

   -- Actions of insurance departments, state attorneys general or other 
      regulatory agencies, including a change to a federal system of regulation 
      from a state-based system, that: 
 
          -- Impose new obligations on us that increase our expenses or change 
             the assumptions underlying our critical accounting estimates 
 
          -- Place the insurance industry under greater regulatory scrutiny or 
             result in new statutes, rules, and regulations 
 
          -- Restrict our ability to exit or reduce writings of unprofitable 
             coverages or lines of business 
 
          -- Increase assessments for guaranty funds, other insurance--related 
             assessments, or mandatory reinsurance arrangements; or that impair 
             our ability to recover such assessments through future surcharges 
             or other rate changes 
 
          -- Increase our provision for federal income taxes due to changes in 
             tax laws, regulations, or interpretations 
 
          -- Increase other expenses 
 
          -- Limit our ability to set fair, adequate, and reasonable rates 
 
          -- Restrict our ability to cancel policies 
 
          -- Impose new underwriting standards 
 
          -- Place us at a disadvantage in the marketplace 
 
          -- Restrict our ability to execute our business model, including the 
             way we compensate agents 
 
   -- Adverse outcomes from litigation, environmental claims, mass torts or 
      administrative proceedings, including effects of social inflation and 
      third-party litigation funding on the size and frequency of litigation 
      awards 
 
   -- Events or actions, including unauthorized intentional circumvention of 
      controls, which reduce our future ability to maintain effective internal 
      control over financial reporting under the Sarbanes-Oxley Act of 2002 
 
   -- Effects of changing social, global, economic, and regulatory environments 
 
   -- Additional measures affecting corporate financial reporting and 
      governance that can affect the market value of our common stock 

Risks and uncertainties are further discussed in other filings with the Securities and Exchange Commission, including our 2025 Annual Report on Form 10-K, Item 1A, Risk Factors, Page 30.

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SOURCE Cincinnati Financial Corporation

(END) Dow Jones Newswires

June 16, 2026 09:05 ET (13:05 GMT)