Cincinnati Financial Corporation sells property and casualty insurance, primarily through a network of independent insurance agents rather than direct-to-consumer sales, offering coverage for homes, autos and businesses across the United States. Its independent agent distribution model differs from insurers that rely on captive agents or direct online sales, instead building long-term relationships with local independent agencies who sell Cincinnati Financial's products alongside other insurers' offerings. Insurance profitability depends on collecting more in premiums than is eventually paid out in claims and expenses, a relationship tracked through the combined ratio that shapes how insurers are valued and compared against peers. Cincinnati Financial has maintained a notably long streak of consecutive annual dividend increases, a track record that has made it a well-known name among income-focused investors in the insurance sector.