Steven R. Johnston is the CEO of Cincinnati Financial Corporation, having taken the helm in 2011. With a strong background in the insurance industry, he started as the company's chief financial officer before moving into the role of CEO. Steven...

Number of Employees

5.43K

Year

2023

Total Compensation

$1.43M

Salary

$1.20M

Board Justification

The compensation philosophy emphasizes a pay-for-performance model, aligning executive compensation with company performance and shareholder interests.

Bonus

$0.00

Board Justification

No discretionary cash bonuses as a regular component of compensation for the named executive officers.

Other

$233.32K

Board Justification

Includes perquisites such as employer-paid health care premiums, personal umbrella liability insurance, personal use of a company car, and dining room discounts.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards vested in 2023 as the performance-based restricted stock units did not achieve the required performance hurdles.

Performance Metrics

Performance metrics for 2023 included achieving a value creation ratio (VCR) of 19.5% and a combined ratio goal of 94.9%.

SEC Filing

From March 20, 2024

Steven R. Johnston

CEO of Cincinnati Financial

C

Education

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

Field of Expertise

Finance & Banking - Insurance

Born

April 21, 1968 - 56 years ago

Is Founder?

No

Current Tenure

7 years 11 months (Jan 2017 - Present)

Previous Experience

President and Chief Operating Officer at Cincinnati Financial Corporation