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The Cincinnati Insurance Company's Chief Insurance Officer to Retire

CINCINNATI, Aug. 20, 2018 /PRNewswire/ -- Cincinnati Financial Corporation (Nasdaq: CINF) announced that Jacob F. Scherer, Jr., chief insurance officer and executive vice president of its lead subsidiary, The Cincinnati Insurance Company, plans to retire in August 2019. She began her insurance career in 1988 and joined the company in 1998. Since then, Delaney has held positions of increasing authority and responsibility in field sales and was appointed as an officer of Cincinnati Insurance earlier this year. "Sean has been working closely with Steve to undertake a collaborative approach to underwriting both new and renewal commercial lines business. Because of that experience, he's uniquely qualified to continue building on those initiatives in his new leadership role in commercial lines. "Angie has a keen understanding of the value that our field strategy brings to our independent agents through local decision making and services that augment the agent's ability to serve their best customers. She'll draw on her sales field experience to continuing building relationships and enthusiasm for our agency-centered model." Johnston concluded: "Our leadership team aspires to heighten the company's competitive points of difference and to achieve industry-leading growth and profitability. Our foundation is strong, giving us every opportunity to keep building and adding value for our shareholders, agents, associates and policyholders." Prolonged low interest rate environment or other factors that limit the company's ability to generate growth in investment income or interest rate fluctuations that result in declining values of fixed-maturity investments, including declines in accounts in which we hold bank-owned life insurance contract assets.

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