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Moody's Ratings Affirmed September 18, 2007

S&P ratings affirmed July 23, 2007

Financial Strength Ratings Reports Available at No Charge


Best Ratings Reports Available At No Charge


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Ratings

Cincinnati Financial Corporation
 Best'sFitchMoody'sStandard
& Poor's
Corporate Debtaa-A+A2A
 
The Cincinnati Insurance Companies
 Best'sFitchMoody'sStandard
& Poor's
Property Casualty Group    
 Standard Market Subsidiaries:A++--Aa3AA-
  The Cincinnati Insurance CompanyA++AAAa3AA-
  The Cincinnati Indemnity CompanyA++AAAa3AA-
  The Cincinnati Casualty CompanyA++AAAa3AA-
 Excess and Surplus Lines Subsidiary:    
  The Cincinnati Specialty Underwriters Insurance CompanyA------
 
The Cincinnati Life Insurance CompanyA+AA--AA-


Financial strength allows us to better serve and protect our agents, policyholders and shareholders. Our commitment to all three is how we fulfill our pledge, Making Our Strength Your Future.

A.M. Best, an independent provider of insurer ratings since 1899, awards its highest financial strength rating, A++ (Superior), to Cincinnati's property casualty group. This rating is awarded to only the top 2 percent of property casualty insurer groups. On May 21, 2007, A.M. Best affirmed Cincinnati's ratings. Click on the logo at right for the latest report.

A>M> Best Superior A ++

Fitch Ratings cites the competitive advantage that Cincinnati's property casualty companies derive from emphasis on long-term relationships with select independent agents, low expense structure and excellent claims service in awarding its AA (Very Strong) rating. The Cincinnati Life Insurance Company also earns the AA rating for a very strong capital position and good earnings and liquidity. On September 15, 2006, Fitch affirmed Cincinnati's ratings. Click on the logo at right for the latest report.

Fitch Ratings

Moody's Investors Service Aa3 rating of the property casualty group indicates "excellent financial security, reflecting the group's strong regional agency franchise, large capital base and its historic operating profitability." On September 18, 2007, Moody's affirmed Cincinnati's ratings. Click on the logo at right for the latest report.

Moody's Investor Service

Standard & Poor's Ratings Services says Cincinnati's "strong financial security characteristics" qualify for S&P's Security Circle and one of its top ratings, AA- (Very Strong). On July 23, 2007, S&P affirmed Cincinnati's ratings with a stable outlook. Click on the logo at right for the latest report.

Standard & Poor's Rating Services

Rankings

Ward lists Cincinnati among the top 50 companies in America for balancing performance with policyholder safety. Click on the logo at right for more information.

Ward
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