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 (Date of earliest event reported)		August 19, 2005
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
(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))

Item 7.01 Regulation FD Disclosure.

On August 19, 2005, Cincinnati Financial Corporation issued the attached news release “Cincinnati Financial Corporation Announces New Share Repurchase Program.” The news release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference. This report should not be deemed an admission as to the materiality of any information contained in the news release.

The information furnished in Item 7.01 of this report shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.

Item 9.01 Financial Statements and Exhibits

(c) Exhibits

Exhibit 99.1 – News release dated August 19, 2005, titled “Cincinnati Financial Corporation Announces New Share Repurchase Program.”

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: August 19, 2005

/s/ James E. Benoski                                                 

James E. Benoski

Chief Insurance Officer and Senior Vice President

CINCINNATI  FINANCIAL  CORPORATION

Mailing Address:                  P.O. BOX 145496

CINCINNATI, OHIO  45250-5496

              (513) 870-2000

 Investor Contact: Heather J. Wietzel

 (513) 870-2768

 Media Contact: Joan O. Shevchik

 (513) 603-5323

Cincinnati Financial Corporation Announces New Share Repurchase Program

CINCINNATI, August 19, 2005 -- Cincinnati Financial Corporation (Nasdaq: CINF) today announced that the board of directors authorized a new repurchase program effective September 1, 2005, for up to 10 million shares of the company’s 175 million outstanding shares.

Under the new repurchase authorization, management was given the discretion to purchase shares at prices that are deemed reasonable in light of circumstances at the time of purchase, pursuant to Securities and Exchange Commission regulations. Purchases are expected to generally be made through open market transactions. The new program will supersede the current authorization, which was announced in February 1999 and which had 2.7 million shares remaining authorized for purchase at June 30, 2005.

Chairman and Chief Executive Officer John J. Schiff, Jr., CPCU commented, “The 2005 repurchase authorization reinforces the board’s confidence in our people, our agency representatives, our business strategy and our long-term outlook. Management will look for opportunities to acquire shares at advantageous prices, at the minimum offsetting dilution for the exercise of stock options.”

Cincinnati Financial Corporation offers property and casualty insurance, its main business, through The Cincinnati Insurance Company, The Cincinnati Indemnity Company and The Cincinnati Casualty Company. The Cincinnati Life Insurance Company markets life and disability income insurance and annuities. CFC Investment Company offers commercial leasing and financing services. CinFin Capital Management Company provides asset management services to institutions, corporations and individuals.

6200 S. Gilmore Road, Fairfield, Ohio  45014-5141