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Note Payable
 12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Note Payable Note Payable
We have one unsecured revolving credit facility through multiple commercial banks that expires on February 4, 2026. The borrowing capacity is $300 million with an additional $300 million accordion feature. Terms and conditions of the agreement include a debt-to-total capital maximum of 35%. We had no compensating balance requirements on short-term debt for either 2024 or 2023. The line of credit had $25 million drawn at both December 31, 2024 and 2023. The interest rate charged on our borrowings on this credit agreement ranged from 5.56% to 6.34% during 2024 and ranged from 5.27% to 6.33% during 2023. In addition, we have letters of credit related to our Cincinnati Re operations with no amounts drawn at December 31, 2024 and 2023. On September 12, 2024, we terminated our $94 million unsecured letter of credit agreement, which provided a portion of the capital needed to support Cincinnati Global's obligations at Lloyd's, and replaced the letter of credit agreement with common equities held in Lloyd's trust accounts. No amount was drawn on the unsecured letter of credit agreement at December 31, 2023.