Meet the New CEO of Cincinnati Insurance Company

Cincinnati Insurance Company has recently welcomed a new CEO to the helm. As a seasoned insurance executive, he brings over 20 years of experience to the role.

His background is rooted in the insurance industry, having started his career at a prominent insurance company. He has held various leadership positions, including serving as the president of a regional insurance company.

With a strong track record of success, he is well-positioned to lead Cincinnati Insurance Company into the future.

Stephen Spray is taking over as CEO of Cincinnati Financial Corporation in May. He's been with the company since 1991 and has held various positions, including leading the firm's commercial lines operations from 2016 to 2019.

Spray was heavily instrumental in the formation of The Cincinnati Specialty Underwriters Insurance Company in 2007. He also served as chief insurance officer of the property & casualty subsidiaries from 2019 until 2022.

Steven J. Johnston will remain as executive chairman of the company and its US subsidiaries. He'll continue to lead the board and support Spray in maintaining effective relationships with insurance agencies, investors, and other industry organizations.

Johnston believes Spray is the ideal candidate to lead the company forward due to his strategic thinking and deep understanding of the business model. Spray has an energy and enthusiasm for the company's business that is contagious.

Spray will continue to work closely with Johnston and the board to establish long-range strategies. He's grateful for the trust Johnston and the board have placed in him.

Cincinnati Financial also added two new director seats, appointing Peter Wu as an independent director and Steve Spray as a non-independent director.

Cincinnati Insurance Company CEO, Mary Parks, has been leading the company since 2011. She is the first female CEO in the company's history.

Mary Parks has a strong background in the insurance industry, having joined Cincinnati Insurance in 1984. She started as a marketing representative and worked her way up to CEO.

Under Mary Parks' leadership, Cincinnati Insurance has continued to grow and expand its services. The company has also received numerous awards for its commitment to customer satisfaction and community involvement.

Mary Parks is a native of Ohio and attended Ohio State University. She has been recognized for her leadership and contributions to the insurance industry.

The CEO of Cincinnati Insurance Company plays a crucial role in shaping the company's direction and strategy.

Richard Dürr, the CEO, has led the company since 2016, bringing a wealth of experience in the insurance industry.

Under his leadership, the company has continued to grow and expand its services, with a focus on providing excellent customer service and innovative products.

Steve Spray's total compensation has increased by more than 20% in the past year, which is a significant change.

In 2022, Steve's total compensation was $4 million, and in 2023, it increased to $5 million.

The company's earnings have also fluctuated over the years, with a high of $3 billion in 2021 and a low of -$487 million in 2022.

Here's a breakdown of the company's earnings and Steve's compensation for the past few years:

As you can see, the company's earnings have had a significant impact on Steve's compensation.

As we explore the CEO holdings, it's worth noting that some CEOs have significant stakes in the companies they lead.

Cincinnati Financial Corporation is one such company where the CEO has a notable holding. On November 14, 2024, they owned 187,938 shares of the company.