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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Pursuant to Section 13 OR 15(d) of the
Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of Report: May 31, 2012</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Date of earliest event reported)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 14pt"><B>CINCINNATI
FINANCIAL CORPORATION</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact name of registrant as specified in
its charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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    <TD STYLE="width: 32%; text-align: center; border-bottom: Black 1pt solid">Ohio</TD>
    <TD STYLE="width: 2%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 32%; text-align: center; border-bottom: Black 1pt solid">0-4604</TD>
    <TD STYLE="width: 2%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 32%; text-align: center; border-bottom: Black 1pt solid">31&#45;0746871</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">(State or other jurisdiction <BR> of incorporation)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">(Commission<BR> File Number)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">(I.R.S. Employer<BR> Identification No.)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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    <TD STYLE="width: 66%; text-align: center; border-bottom: Black 1pt solid">6200 S. Gilmore Road, Fairfield, Ohio</TD>
    <TD STYLE="width: 2%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 32%; text-align: center; border-bottom: Black 1pt solid">45014&#45;5141</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">(Address of principal executive offices)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">(Zip Code)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Registrant&rsquo;s telephone number, including
area code: <FONT STYLE="font-size: 10pt">(513) 870-2000</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">N/A</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Former name or former address, if changed
since last report.)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&uml;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&uml;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&uml;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&uml;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13a-4(c))</FONT></TD></TR></TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Items 1.01 and 1.02 Entry into and Termination of Material
Definitive Agreements.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 2.03 Creation of a Direct Financial Obligation or an
Obligation under an Off-Balance Sheet Arrangement of a Registrant.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 7.01 Regulation FD Disclosure.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On May 31, 2012, Cincinnati Financial Corporation and CFC Investment
Company, a subsidiary of Cincinnati Financial Corporation (Borrowers) entered into a credit agreement with the lenders party thereto;
PNC Bank, N.A., as Administrative Agent, PNC Capital Markets, LLC, as Sole Bookrunner and Joint Lead Arranger, Fifth Third Bank,
N.A. as Joint Lead Arranger and Syndication Agent, The Huntington National Bank and U.S. Bank, N.A. as Documentation Agents (the
2012 Credit Agreement). The 2012 Credit Agreement is a new $225 million unsecured revolving credit facility with a term of five
years expiring May 31, 2017. The facility is fully subscribed among six lenders with the largest commitment being $65 million.
The commitments of the lenders are several and no lender is responsible for any other lender&rsquo;s commitment if such lender
fails to make a loan under the facility. The 2012 Credit Agreement includes financial covenants requiring Cincinnati Financial
Corporation to maintain a minimum consolidated net worth of $3 billion plus fifty percent of consolidated net income and net cash
proceeds from issuance of equity securities after March 31, 2012 and a maximum debt to capital ratio of 30 percent. Although the
right to borrow under the facility is not subject to a minimum rating requirement, the costs of maintaining the facility and borrowing
under it are based on the ratings of Cincinnati Financial Corporation&rsquo;s non-credit-enhanced, senior unsecured long-term debt.
The 2012 Credit Agreement is filed as Exhibit 10.1 hereto and the description set forth above is qualified in its entirety by the
full terms and conditions of the 2012 Credit Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Credit Agreement replaced two unsecured lines of credit:
a $150 million unsecured five-year revolving credit facility dated July 2, 2007 among the Borrowers; the agents and lenders party
thereto and The Huntington National Bank as Administrative Agent (the 2007 Credit Facility) and a $75 million unsecured credit
agreement dated August 25, 2011, by and among the Borrowers and PNC Bank, N.A (the 2011 Credit Agreement). Both the 2007 Credit
Facility and the 2011 Credit Agreement were terminated on May 31, 2012. At the time of termination, the Borrowers repaid the $104
million outstanding principal amount, accrued interest and commitment fees on the 2007 Credit Facility and accrued commitment fees
on the 2011 Credit Agreement. No early termination or early payment penalties were incurred for termination of either of the two
terminated lines of credit. Funds to repay the $104 million outstanding principal amount were borrowed under the 2012 Credit Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Borrowers also terminated a $49 million 3-year interest
rate swap agreement dated August 29, 2009, among CFC Investment Company and PNC Bank, N.A. (the Swap). In connection with the Swap&rsquo;s
May 31, 2012 termination, CFC Investment Company paid $215,098 to settle the remaining portion of the contract. No termination
or early payment penalties were incurred.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On June 1, 2012, Cincinnati Financial Corporation issued a news
release entitled, &ldquo;Cincinnati Financial Corporation Declares Quarterly Cash Dividend.&rdquo; The news release is furnished
as Exhibit 99.1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 9.01 Financial Statements and Exhibits.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">(c)</TD><TD STYLE="text-align: justify">Exhibits</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 95pt; text-indent: -59pt"><B>Exhibit 10.1</B> &ndash; 2012
Credit Agreement, dated May 31, 2012</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 95pt; text-indent: -59pt"><B>Exhibit 99.1</B> &ndash; News
release, &ldquo;Cincinnati Financial Corporation Declares Quarterly Cash Dividend.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 95pt; text-indent: -59pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Signature</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="width: 46%">&nbsp;</TD>
    <TD NOWRAP STYLE="width: 54%">CINCINNATI FINANCIAL CORPORATION</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP>&nbsp;</TD>
    <TD NOWRAP>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP>Date: June 1, 2012</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid">/S/ Michael J. Sewell</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP>&nbsp;</TD>
    <TD NOWRAP>Michael J. Sewell, CPA</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP>&nbsp;</TD>
    <TD NOWRAP>Chief Financial Officer, Senior Vice President, and Treasurer</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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{"company-data": {"conformed-name": "CINCINNATI FINANCIAL CORP", "cik": "0000020286", "assigned-sic": "6331", "irs-number": "310746871", "state-of-incorporation": "OH", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-04604", "film-number": "12883613"}, "business-address": {"street1": "6200 S GILMORE RD", "city": "FAIRFIELD", "state": "OH", "zip": "45014", "phone": "5138702000"}, "mail-address": {"street1": "P.O. BOX 145496", "city": "CINCINNATI", "state": "OH", "zip": "45250"}}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the
Securities Exchange Act of 1934
Date of Report: May 31, 2012
(Date of earliest event reported)
CINCINNATI
FINANCIAL CORPORATION
(Exact name of registrant as specified in
its charter)
Ohio
0-4604
31-0746871
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification No.)
6200 S. Gilmore Road, Fairfield, Ohio
45014-5141
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including
area code:
(513) 870-2000
N/A
(Former name or former address, if changed
since last report.)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨
Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13a-4(c))
Items 1.01 and 1.02 Entry into and Termination of Material
Definitive Agreements.
Item 2.03 Creation of a Direct Financial Obligation or an
Obligation under an Off-Balance Sheet Arrangement of a Registrant.
Item 7.01 Regulation FD Disclosure.
On May 31, 2012, Cincinnati Financial Corporation and CFC Investment
Company, a subsidiary of Cincinnati Financial Corporation (Borrowers) entered into a credit agreement with the lenders party thereto;
PNC Bank, N.A., as Administrative Agent, PNC Capital Markets, LLC, as Sole Bookrunner and Joint Lead Arranger, Fifth Third Bank,
N.A. as Joint Lead Arranger and Syndication Agent, The Huntington National Bank and U.S. Bank, N.A. as Documentation Agents (the
2012 Credit Agreement). The 2012 Credit Agreement is a new $225 million unsecured revolving credit facility with a term of five
years expiring May 31, 2017. The facility is fully subscribed among six lenders with the largest commitment being $65 million.
The commitments of the lenders are several and no lender is responsible for any other lender's commitment if such lender
fails to make a loan under the facility. The 2012 Credit Agreement includes financial covenants requiring Cincinnati Financial
Corporation to maintain a minimum consolidated net worth of $3 billion plus fifty percent of consolidated net income and net cash
proceeds from issuance of equity securities after March 31, 2012 and a maximum debt to capital ratio of 30 percent. Although the
right to borrow under the facility is not subject to a minimum rating requirement, the costs of maintaining the facility and borrowing
under it are based on the ratings of Cincinnati Financial Corporation's non-credit-enhanced, senior unsecured long-term debt.
The 2012 Credit Agreement is filed as Exhibit 10.1 hereto and the description set forth above is qualified in its entirety by the
full terms and conditions of the 2012 Credit Agreement.
The Credit Agreement replaced two unsecured lines of credit:
a $150 million unsecured five-year revolving credit facility dated July 2, 2007 among the Borrowers; the agents and lenders party
thereto and The Huntington National Bank as Administrative Agent (the 2007 Credit Facility) and a $75 million unsecured credit
agreement dated August 25, 2011, by and among the Borrowers and PNC Bank, N.A (the 2011 Credit Agreement). Both the 2007 Credit
Facility and the 2011 Credit Agreement were terminated on May 31, 2012. At the time of termination, the Borrowers repaid the $104
million outstanding principal amount, accrued interest and commitment fees on the 2007 Credit Facility and accrued commitment fees
on the 2011 Credit Agreement. No early termination or early payment penalties were incurred for termination of either of the two
terminated lines of credit. Funds to repay the $104 million outstanding principal amount were borrowed under the 2012 Credit Agreement.
The Borrowers also terminated a $49 million 3-year interest
rate swap agreement dated August 29, 2009, among CFC Investment Company and PNC Bank, N.A. (the Swap). In connection with the Swap's
May 31, 2012 termination, CFC Investment Company paid $215,098 to settle the remaining portion of the contract. No termination
or early payment penalties were incurred.
On June 1, 2012, Cincinnati Financial Corporation issued a news
release entitled, "Cincinnati Financial Corporation Declares Quarterly Cash Dividend." The news release is furnished
as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(c)
Exhibits
Exhibit 10.1
– 2012
Credit Agreement, dated May 31, 2012
Exhibit 99.1
– News
release, "Cincinnati Financial Corporation Declares Quarterly Cash Dividend."
Signature
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
CINCINNATI FINANCIAL CORPORATION
Date: June 1, 2012
/S/ Michael J. Sewell
Michael J. Sewell, CPA
Chief Financial Officer, Senior Vice President, and Treasurer