John J. Schiff, Jr. has been the CEO of Cincinnati Financial Corporation since April 1999. He leads a company that is a big player in insurance. Schiff has a strong background in finance, holding a bachelor's degree in Business Administration...

John J. Schiff, Jr. has been the CEO of Cincinnati Financial Corporation since April 1999. He leads a company that is a big player in insurance. Schiff has a strong background in finance, holding a bachelor's degree in Business Administration from the University of Cincinnati. He is part of a family legacy in the insurance industry, with deep roots in the company. Over the years, he has held various roles including chairman and president. In 2000, he received a significant compensation package worth $486,776. Schiff has a notable approach to executive bonuses; for instance, he declined to accept a discretionary bonus in 2009. His financial decisions have seen fluctuations in his company's stock, notably during the market changes between 2019 and 2024, where his personal holdings fluctuated between $256.40M and $221.77M. Interestingly, Schiff has consistently shown a commitment to the company and its shareholders, often aligning his interests with theirs by holding a substantial amount of shares himself, demonstrating confidence in Cincinnati Financial's future.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Cincinnati Financial CEOs

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John J. Schiff, Jr.

Ex-CEO of Cincinnati Financial

Education

Bachelor's degree in Business Administration from the University of Cincinnati

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

December 15, 1948 - 76 years ago

CEO of Cincinnati Financial for

8 years 0 months (Jan 2001 - Jan 2009)

Previous Experience

President and Chief Operating Officer at Cincinnati Financial Corporation

Rivals

Competitors/colleagues of John J. Schiff, Jr.

F

Randy Quirk

CEO of Fidelity National Financial

2023 Compensation

Stock

$5.67M

Salary

$665.39K

Bonus

$0.00

Other

$110.44K

Total Holdings

$148.70M

F

Kenneth D. DeGiorgio

CEO of First American Financial

2023 Compensation

Stock

$0.00

Salary

$832.50K

Bonus

$1.05M

Other

$12.76K

Total Holdings

$21.64M

F

Mike Nolan

CEO of Fidelity National Financial

2023 Compensation

Stock

$3.12M

Salary

$947.31K

Bonus

$0.00

Other

$107.91K

Total Holdings

$29.41M

P

Susan Patricia (Tricia) Griffith

CEO of Progressive

2023 Compensation

Stock

$46.83M

Salary

$994.23K

Bonus

$4.42M

Other

$217.95K

Total Holdings

$162.74M

H

Paresh Patel

CEO of HCI Group

2023 Compensation

Stock

$933.40K

Salary

$950.00K

Bonus

$800.00K

Other

$37.85K

Total Holdings

$119.37M

K

Michael P. Kehoe

CEO of Kinsale Capital Group

2023 Compensation

Stock

$1.80M

Salary

$900.00K

Bonus

$2.50M

Other

$23.10K

Total Holdings

$400.72M

Holdings

See how much did John J. Schiff, Jr. make over time.

John J. Schiff, Jr.'s holdings in Cincinnati Financial Corporation have been quite impactful. In 2019, his wealth peaked at approximately $256.40 million but experienced a decline to around $221.77 million by late 2024. This fluctuation reflects broader market conditions and...

John J. Schiff, Jr.'s holdings in Cincinnati Financial Corporation have been quite impactful. In 2019, his wealth peaked at approximately $256.40 million but experienced a decline to around $221.77 million by late 2024. This fluctuation reflects broader market conditions and company performance. Throughout these years, Schiff maintained a significant portion of his wealth tied to the stock, indicating a strong belief in the company’s direction. His holdings represent a considerable number of shares, which he has accumulated over his long tenure with Cincinnati Financial. This connection to the stock not only shows his investment strategy but also emphasizes his commitment to the company's growth and future profitability.

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Charitable Transactions

CINF

2,549,873 shares

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Recent Charitable Transactions

CINF

14,250 shares

CINF

Feb 14, 2017

Charity

CINF

43,672 shares

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Jan 17, 2017

Charity

CINF

42,520 shares

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Oct 27, 2016

Charity

CINF

39,452 shares

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Jul 15, 2016

Charity

CINF

46,619 shares

CINF

Apr 15, 2016

Charity

CINF

17,168 shares

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Feb 8, 2016

Charity

Insider Trading

See recent insider trades of John J. Schiff, Jr..

CINF

14,250 shares

CINF

Feb 14, 2017

Charity

CINF

43,672 shares

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Jan 17, 2017

Charity

CINF

10 shares

CINF

Nov 11, 2016

Received

CINF

42,520 shares

CINF

Oct 27, 2016

Charity

CINF

39,452 shares

CINF

Jul 15, 2016

Charity

CINF

46,619 shares

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Apr 15, 2016

Charity

CINF

17,168 shares

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Feb 8, 2016

Charity

CINF

47,094 shares

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Jan 15, 2016

Charity

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10 shares

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Nov 13, 2015

Received

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163,276 shares

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Nov 13, 2015

Charity

Compensation History

See how much did John J. Schiff, Jr. make over time.

John J. Schiff, Jr.'s compensation has varied significantly over the years. In 2009, his total compensation was $259,615, with no bonus awarded as he declined it. This amount included a salary component of $259,615 and perquisites. In 2008, however, he made over $2 million, driven by a performance-related bonus of $447,037. His past compensation details show that he emphasizes performance metrics, with a focus on aligning his pay with the company's success. Over the years, Schiff has shown a preference for stock options and bonuses tied to tangible performance measures, illustrating his commitment to growing Cincinnati Financial while rewarding himself based on the company's achievements.

Year

2009

Total Compensation

$516.91K

Salary

$259.62K

Board Justification

The compensation committee endeavors to ensure that overall compensation paid to our executive officers is appropriate and in line with our overall compensation objective to attract, motivate, reward and retain the executive talent required to achieve the corporate objectives described above, with the ultimate goal of increasing shareholder value.

Bonus

$0.00

Board Justification

Mr. Schiff declined to accept a discretionary bonus award for 2009.

Other

$257.04K

Board Justification

Includes salary of $259,615, a decrease in the actuarial present value of benefits under the defined benefit and SERP plans of $5,114, and perquisites and other personal benefits of $2,537.

Restricted Stock

$257.00(10 common stock)

Board Justification

10 shares of stock awarded on November 25, 2009, under the Holiday Stock Plan available to all full-time associates.

Performance Metrics

The performance metrics for 2009 included the company's value creation ratio compared to peers, which was a healthy 19.7 percent, exceeding the company's long-term target.

Other Cincinnati Financial CEOs

Here are other CEOs of Cincinnati Financial

Kenneth W. Stecher

Ex-CEO of Cincinnati Financial

January 2009 - January 2017