Ownership Submission
FORM 5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Form 3 Holdings Reported
Form 4 Transactions Reported
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person *
SCHIFF JOHN J JR
 2. Issuer Name and Ticker or Trading Symbol
CINCINNATI FINANCIAL CORP [CINF] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
PRESIDENT & CEO
(Last)
(First)
(Middle)

6200 SOUTH GILMORE RD		 3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2005
(Street)


FAIRFIELD, OH 45014-5141		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Reporting
(check applicable line)

_X_ Form Filed by One Reporting Person
___ Form Filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Amount (A) or (D) Price
Common Stock             4,101,911 (1) D  
Common Stock 401K 12/31/2005 12/31/2005 A(2) 30 A $ 0 1,487 (1) D  
Common Stock             3,557,504 (3) (1) I CHARITABLE LEAD ANNUITY TRUST
Common Stock             107,186 (1) I CO. PENSION PLAN
Common Stock             114,249 (1) I CORPORATION
Common Stock             49,563 (1) I SCHIFF TRUST
Common Stock             563,633 (1) I SPOUSE

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 2270 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (right to buy) $ 38.8           01/19/2005 01/19/2014 Common Stock
55,125
  55,125 (1)
D
 
Employee Stock Option (right to buy) $ 41.6285             (4) 01/25/2015 Common Stock
63,000
  63,000 (1)
D
 
Phantom Stock $ 0 12/31/2005 12/31/2005 A(2) 218   08/08/1988 08/08/1988 Common Stock
218
$ 0 11,053 (1)
D
 
Stock Option $ 26.95           01/25/2001 01/25/2010 Common Stock
55,125
  55,125 (1)
D
 
Stock Option $ 30.6           01/27/2000 01/27/2009 Common Stock
115,763
  115,763 (1)
D
 
Stock Option $ 30.72           08/24/1999 08/24/2008 Common Stock
11,025
  11,025 (1)
D
 
Stock Option $ 32.45           02/01/2004 02/01/2013 Common Stock
55,125
  55,125 (1)
D
 
Stock Option $ 32.81           01/31/2002 01/31/2011 Common Stock
55,125
  55,125 (1)
D
 
Stock Option $ 34.96           01/28/2003 01/28/2012 Common Stock
55,125
  55,125 (1)
D
 
Stock Option $ 41.14           01/05/1999 01/05/2008 Common Stock
115,763
  115,763 (1)
D
 

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
SCHIFF JOHN J JR
6200 SOUTH GILMORE RD
FAIRFIELD, OH 45014-5141		   X     PRESIDENT & CEO  

Signatures

JOHN J SCHIFF, JR. 02/06/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(4) The option is exercisable in three equal annual installments beginning on the first anniversary of the date of grant.
(3) Shares are gifted quarterly from the Charitable Lead Annuity Trust.
(1) Share amounts and exercise prices have been adjusted for a 5% Stock Dividend, record date April 6, 2005, paid April 26, 2005.
(2) Dividend Reinvestment shares acquired through the 401K and Top Hat plans.

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