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Portfolio of Securities Owned December 31, 2018

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Portfolio of Securities Owned December 31, 2018 Portfolio of Securities Owned December 31, 2018 Cincinnati Financial Corporation The Cincinnati Insurance Company The Cincinnati Life Insurance Company The Cincinnati Casualty Company The Cincinnati Indemnity Company The Cincinnati Specialty Underwriters Insurance Company The CSU Producer Resources Insurance Company CINCINNATI FINANCIAL CORPORATION AND SUBSIDIARIES No. of Book Fair Common Stocks Shares Value Value 3M ORD 750,800.00 51,665,549.20 143,057,432.00 ABBOTT LABORATORIES ORD 1,422,200.00 36,092,193.25 102,867,726.00 ABBVIE ORD 1,746,200.00 57,410,159.54 160,982,178.00 ACCENTURE CL A ORD 1,079,165.00 88,271,705.85 152,173,056.65 AIR PRODUCTS AND CHEMICALS ORD 617,942.00 97,253,702.17 98,901,617.10 AMERICAN TOWER REIT 288,919.00 40,301,870.56 45,704,096.61 ANALOG DEVICES ORD 990,639.00 81,436,451.86 85,026,545.37 APPLE ORD 1,400,000.00 88,037,413.47 220,836,000.00 AT&T ORD 1,342,200.00 37,988,637.30 38,306,388.00 AUTOMATIC DATA PROCESSING ORD 363,900.00 14,819,961.36 47,714,568.00 BLACKROCK ORD 447,075.00 74,553,266.79 175,620,001.50 BROADCOM ORD 467,500.00 120,805,456.78 118,875,900.00 CHEVRON ORD 915,000.00 30,694,744.70 99,542,850.00 CHUBB ORD 664,326.00 74,511,641.41 85,817,632.68 CISCO SYSTEMS ORD 3,710,500.00 63,020,691.06 160,775,965.00 CME GROUP CL A ORD 1,004,900.00 55,313,140.23 189,041,788.00 CUMMINS ORD 690,500.00 65,417,570.09 92,278,420.00 DOVER ORD 1,284,580.00 27,798,702.30 91,140,951.00 DUKE ENERGY ORD 899,900.00 37,426,311.92 77,661,370.00 ENBRIDGE ORD 2,915,235.00 116,392,693.62 90,605,503.80 EXXON MOBIL ORD 1,290,200.00 5,127,678.38 87,978,738.00 GARRETT MOTION ORD 124,250.00 402,050.52 1,533,245.00 GILEAD SCIENCES ORD 1,328,719.00 92,555,773.73 83,111,373.45 HASBRO ORD 1,626,707.00 55,686,486.59 132,169,943.75 HOME DEPOT ORD 527,000.00 81,217,691.64 90,549,140.00 HONEYWELL INTERNATIONAL ORD 1,242,500.00 34,623,298.45 164,159,100.00 INTERNATIONAL BUSINESS MACHINES ORD 741,355.00 87,985,180.16 84,269,822.85 JOHNSON & JOHNSON ORD 1,297,000.00 62,699,362.76 167,377,850.00 JPMORGAN CHASE ORD 2,258,000.00 77,877,750.11 220,425,960.00 LYONDELLBASELL INDUSTRIES CL A ORD 795,141.00 67,241,247.60 66,123,925.56 MCDONALD'S ORD 848,138.00 47,488,475.70 150,603,864.66 MICROSOFT ORD 2,507,500.00 64,627,963.66 254,686,775.00 NORFOLK SOUTHERN ORD 873,487.00 61,211,447.58 130,621,245.98 PEPSICO ORD 1,360,000.00 77,789,983.41 150,252,800.00 PFIZER ORD 3,866,125.00 68,275,767.50 168,756,356.25 PHILIP MORRIS INTERNATIONAL ORD 1,079,997.00 88,386,186.80 72,100,599.72 PNC FINANCIAL SERVICES GROUP ORD 1,015,000.00 87,444,155.10 118,663,650.00 POLARIS INDUSTRIES ORD 995,000.00 85,131,444.61 76,296,600.00 PROCTER & GAMBLE ORD 1,077,404.00 3,871,020.94 99,034,975.68 PROLOGIS REIT 730,000.00 47,117,028.08 42,865,600.00 PUBLIC STORAGE REIT ORD 194,642.00 39,071,403.86 39,397,487.22 QUALCOMM ORD 1,355,750.00 82,756,237.57 77,155,732.50 RESIDEO TECHNOLOGIES ORD 207,082.00 1,136,768.53 4,255,535.01 RPM ORD 1,938,028.00 32,890,212.15 113,917,285.84 TJX ORD 1,408,000.00 72,831,120.57 62,993,920.00 UNITED TECHNOLOGIES ORD 868,906.00 65,352,190.88 92,521,110.88 UNITEDHEALTH GRP ORD 695,303.00 58,137,424.70 173,213,883.36 US BANCORP ORD 2,275,000.00 59,852,400.81 103,967,500.00 VALERO ENERGY ORD 877,470.00 62,794,619.23 65,783,925.90 VERIZON COMMUNICATIONS ORD 956,301.00 25,862,741.08 53,763,242.22 VF ORD 1,286,420.00 51,909,373.30 91,773,202.80 VISTRA ENERGY EQY WARRANT 36,510.00 0.00 51,114.00 WALT DISNEY ORD 975,200.00 94,990,118.87 106,930,680.00 WEC ENERGY GROUP ORD 1,104,300.00 36,694,051.77 76,483,818.00 Total Industiral & Misc. 62,763,916.00 3,140,250,520.09 5,700,719,993.34 ANDEAVOR LOGISTICS UNT 41,550.00 2,221,218.41 1,349,959.50 BUCKEYE PARTNERS UNT 79,294.00 4,616,493.16 2,298,733.06 DCP MIDSTREAM UNT 50,973.00 1,266,750.07 1,350,274.77 ENERGY TRANSFER UNT 459,720.00 7,510,504.36 6,072,901.20 ENLINK MIDSTREAM PARTNERS COM UNT 91,468.00 1,571,080.37 1,007,062.68 - 1 - CINCINNATI FINANCIAL CORPORATION AND SUBSIDIARIES No. of Book Fair Common Stocks Shares Value Value ENTERPRISE PRODUCTS PARTNERS UNT 267,497.00 7,184,791.82 6,577,751.23 EQM MIDSTREAM PARTNERS UNT 33,220.00 2,507,432.32 1,436,765.00 GENESIS ENERGY UNT 60,879.00 1,925,528.27 1,124,435.13 MAGELLAN MIDSTREAM PARTNERS UNT 102,266.00 5,095,286.73 5,835,297.96 MPLX COM UNT 155,044.00 5,494,147.33 4,697,833.20 NUSTAR ENERGY UNT 44,870.00 1,852,904.45 939,129.10 PLAINS ALL AMERICAN PIPELINE UNT 237,941.00 7,204,245.86 4,768,337.64 SHELL MIDSTREAM PARTNERS UNT 49,719.00 1,518,017.61 815,888.79 TC PIPELINES UNT 29,359.00 1,493,107.58 943,011.08 WESTERN GAS PARTNERS UNT 56,828.00 2,931,618.26 2,399,846.44 Total Energy MLP's 1,760,628.00 54,393,126.60 41,617,226.78 Total All Common Stock 64,524,544.00 $3,194,643,646.69 $5,742,337,220.12 - 2 - CINCINNATI FINANCIAL CORPORATION AND SUBSIDIARIES No. of Book Fair Preferred Stocks Shares Value Value AGSTAR FINANCIAL SERVICES ACA 7,000.00 7,000,000.00 7,140,000.00 AUCTION PASS-THROUGH TRUST 2007-4 91.00 597,870.00 1,815,450.00 BANK OF AMERICA CORP 189,000.00 1,241,730.00 3,706,290.00 BANK OF AMERICA CORP 7,000,000.00 7,000,000.00 6,895,000.00 CAPE ANALYTICS INC SERIES B PREFERRED 268,774.00 1,000,000.54 1,000,108.05 CAPITAL ONE FINANCIAL CORP 7,000,000.00 7,000,000.00 6,741,770.00 CITIGROUP INC 5,000,000.00 4,925,000.00 4,563,000.00 FNB CORP (PENNSYLVANIA) 200,000.00 5,000,000.00 5,189,980.00 GENERAL ELECTRIC CO 3,602,000.00 2,999,088.35 2,755,530.00 GOLDMAN SACHS GROUP INC 400,000.00 9,580,000.00 9,600,000.00 GOLDMAN SACHS GROUP INC 7,500,000.00 7,500,000.00 7,247,025.00 M&T BANK CORP 3,000.00 3,002,490.00 3,030,000.00 METLIFE INC 3,000,000.00 3,000,000.00 2,883,000.00 MORGAN STANLEY 100,000.00 2,500,000.00 2,416,880.00 MORGAN STANLEY 200,000.00 5,000,000.00 5,224,700.00 MORGAN STANLEY 400,000.00 10,684,000.00 10,284,000.00 MORGAN STANLEY 11,000,000.00 11,037,500.00 10,675,500.00 MORGAN STANLEY 150,000.00 3,862,500.00 3,746,100.00 NEW YORK COMMUNITY BANCORP INC 280,000.00 7,000,000.00 6,389,600.00 PARTNERRE LTD 235,000.00 3,966,800.00 5,797,450.00 PNC FINANCIAL SERVICES GROUP INC 600,000.00 14,977,336.86 15,402,900.00 PRUDENTIAL PLC 100,000.00 1,080,000.00 2,589,000.00 STATE STREET CORP 2,000,000.00 2,000,000.00 1,962,500.00 U.S. BANCORP 280,000.00 7,000,000.00 7,464,800.00 US BANCORP CAPITAL I 3,000,000.00 3,000,000.00 2,970,000.00 VALLEY NATIONAL BANCORP 400,000.00 10,000,000.00 9,600,000.00 WELLS FARGO & CO 600,000.00 15,000,000.00 14,529,480.00 WINTRUST FINANCIAL CORP 280,000.00 7,000,000.00 7,028,000.00 ZIONS BANCORP 10,000,000.00 9,512,500.00 9,650,000.00 Total Industrial & Misc. 63,794,865.00 173,466,815.75 178,298,063.05 Total All Preferred Stock 63,794,865.00 $173,466,815.75 $178,298,063.05 Total Common and Preferred 128,319,409.00 $3,368,110,462.44 $5,920,635,283.18 - 3 - CINCINNATI FINANCIAL CORPORATION Maturity Amortized Bonds Par Value Interest Rate (%) Mo.
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