| EBP, Investment, Fair Value and NAV |
The following tables illustrate the fair value hierarchy for those assets measured at fair value on a recurring basis at December 31, 2025 and 2024. The Plan did not have any liabilities carried at fair value or any Level 2 or Level 3 assets at or during the years ended December 31, 2025 and 2024. | | | | | | | | | | | | | | | | | | | | | | | | | | | | At December 31, 2025 | | Quoted prices in active markets for identical assets (Level 1) | | Significant other observable inputs (Level 2) | | Significant unobservable inputs (Level 3) | | Total | | Registered investment companies: | | | | | | | | | | Large cap funds | | $ | 456,422,399 | | | $ | — | | | $ | — | | | $ | 456,422,399 | | | Mid cap funds | | 156,726,598 | | | — | | | — | | | 156,726,598 | | | Small cap funds | | 45,583,483 | | | — | | | — | | | 45,583,483 | | | Balanced funds | | 498,779,808 | | | — | | | — | | | 498,779,808 | | | International funds | | 102,378,127 | | | — | | | — | | | 102,378,127 | | | Bond funds | | 79,410,421 | | | — | | | — | | | 79,410,421 | | | Total registered investment companies | | 1,339,300,836 | | | — | | | — | | | 1,339,300,836 | | | Cincinnati Financial Stock Fund: | | | | | | | | | | Cincinnati Financial Corporation Common Stock | | 78,738,274 | | | — | | | — | | | 78,738,274 | | Stock Purchase Account - Fidelity Government Cash Reserves Fund | | 10,227 | | | — | | | — | | | 10,227 | | | Total Cincinnati Financial Stock Fund | | 78,748,501 | | | — | | | — | | | 78,748,501 | | | Vanguard Federal Money Market Fund | | 35,699,186 | | | — | | | — | | | 35,699,186 | | | Self-directed brokerage accounts | | 56,984,108 | | | — | | | — | | | 56,984,108 | | | Total | | $ | 1,510,732,631 | | | $ | — | | | $ | — | | | $ | 1,510,732,631 | | | | | | | | | | | | At December 31, 2024 | | | | | | | | | | Registered investment companies: | | | | | | | | | | Large cap funds | | $ | 389,296,692 | | | $ | — | | | $ | — | | | $ | 389,296,692 | | | Mid cap funds | | 145,924,196 | | | — | | | — | | | 145,924,196 | | | Small cap funds | | 48,462,527 | | | — | | | — | | | 48,462,527 | | | Balanced funds | | 395,825,234 | | | — | | | — | | | 395,825,234 | | | International funds | | 79,843,708 | | | — | | | — | | | 79,843,708 | | | Bond funds | | 69,142,923 | | | — | | | — | | | 69,142,923 | | | Total registered investment companies | | 1,128,495,280 | | | — | | | — | | | 1,128,495,280 | | | Cincinnati Financial Stock Fund: | | | | | | | | | | Cincinnati Financial Corporation Common Stock | | 67,163,116 | | | — | | | — | | | 67,163,116 | | Stock Purchase Account - Fidelity Government Cash Reserves Fund | | 9,133 | | | — | | | — | | | 9,133 | | | Total Cincinnati Financial Stock Fund | | 67,172,249 | | | — | | | — | | | 67,172,249 | | | Vanguard Federal Money Market Fund | | 38,564,178 | | | — | | | — | | | 38,564,178 | | | Self-directed brokerage accounts | | 41,959,606 | | | — | | | — | | | 41,959,606 | | | Total | | $ | 1,276,191,313 | | | $ | — | | | $ | — | | | $ | 1,276,191,313 | | | | | | | | | | |
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