Michael Wedig serves as the Vice President and Tax Director at The Cincinnati Insurance Company, where he leverages over 30 years of extensive experience in federal and state taxation, particularly within the property casualty and life insurance sectors. As a CPA licensed in Ohio, Michael...
Michael Wedig serves as the Vice President and Tax Director at The Cincinnati Insurance Company, where he leverages over 30 years of extensive experience in federal and state taxation, particularly within the property casualty and life insurance sectors. As a CPA licensed in Ohio, Michael has been instrumental in shaping the tax landscape for Cincinnati Financial Corporation, having organized and established the initial tax department. His expertise encompasses a broad spectrum of tax-related functions, including research, planning, compliance, and both GAAP and statutory financial reporting.
In his current role, Michael is responsible for managing all aspects of tax strategy, ensuring that the company not only meets regulatory requirements but also optimizes its tax position to enhance profitability. He plays a critical role in tax planning initiatives that directly contribute to the bottom line, particularly in the wake of significant legislative changes such as the 2017 Tax Cuts and Jobs Act. His proactive approach to tax management has led to successful navigation through complex federal and state tax audits, minimizing risks and maximizing opportunities for the organization.
Michael’s skill set is a blend of accounting acumen, financial analysis, and process improvement, making him a valuable asset in the insurance industry. His ability to translate intricate tax regulations into actionable strategies has consistently added value to The Cincinnati Insurance Company, positioning it for sustained growth and financial success in a competitive market. Through his leadership, the tax department not only ensures compliance but also drives strategic initiatives that align with the company’s broader financial objectives.
