CNO Financial Group (CNO) Financials

$37.18 -0.09 (-0.24%)

Closing price 03:59 PM Eastern

Extended Trading

$36.34 -0.83 (-2.24%)

As of 04:41 PM Eastern

Annual Income Statements for CNO Financial Group

This table shows CNO Financial Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	404	277	631	570	302	409	-310	176	358	271
Consolidated Net Income / (Loss)	404	277	631	570	302	409	-315	176	358	271
Net Income / (Loss) Continuing Operations	404	277	631	570	302	409	-310	176	358	271
Total Pre-Tax Income	518	357	817	733	344	274	-265	481	353	368
Total Revenue	4,195	3,908	3,440	4,027	3,712	3,856	4,175	4,174	3,869	3,684
Net Interest Income / (Expense)	-254	-239	-137	-95	-109	-152	-150	-124	-116	-95
Total Interest Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Interest Expense	254	239	137	95	109	152	150	124	116	95
Long-Term Debt Interest Expense	254	239	137	95	109	152	150	124	116	95
Total Non-Interest Income	4,450	4,147	3,577	4,122	3,821	4,009	4,325	4,298	3,985	3,779
Other Service Charges	522	460	33	440	267	409	96	314	172	89
Net Realized & Unrealized Capital Gains on Investments	1,370	1,181	1,044	1,159	1,043	1,119	1,636	1,359	1,245	1,174
Premiums Earned	2,559	2,506	2,500	2,523	2,511	2,481	2,593	2,647	2,601	2,556
Total Non-Interest Expense	3,677	3,551	2,623	3,294	3,368	3,582	4,435	3,693	3,516	3,317
Property & Liability Insurance Claims	2,472	2,331	1,617	2,188	2,158	2,417	2,279	2,603	2,391	2,308
Current and Future Benefits	-41	-21	-16	-51	-	-	-	-	-	-
Other Operating Expenses	1,055	1,048	951	982	942	933	1,882	842	872	739
Amortization Expense	251	227	213	198	268	232	264	239	253	260
Other Special Charges	-61	-34	-142	-23	-	-	15	9.50	0.00	9.00
Income Tax Expense	114	80	186	163	43	-135	50	305	-5.00	97
Basic Earnings per Share	$3.81	$2.44	$5.45	$4.44	$2.12	$2.62	($1.90)	$1.03	$2.03	$1.40
Weighted Average Basic Shares Outstanding	106.14M	113.28M	115.73M	128.40M	142.10M	156.04M	165.46M	170.03M	176.64M	193.05M
Diluted Earnings per Share	$3.74	$2.40	$5.36	$4.35	$2.11	$2.61	($1.90)	$1.02	$2.01	$1.39
Weighted Average Diluted Shares Outstanding	108.12M	115.12M	117.72M	131.13M	143.16M	157.15M	165.46M	172.14M	178.32M	195.17M
Weighted Average Basic & Diluted Shares Outstanding	100.88M	108.99M	114.22M	118.47M	134.64M	146.28M	165.80M	170.50M	176.50M	193.40M
Cash Dividends to Common per Share	$0.63	$0.59	$0.55	-	$0.47	-	$0.39	-	$0.31	-

This table shows CNO Financial Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	14	166	9.30	116	112	36	167	74	-0.80	38	176
Consolidated Net Income / (Loss)	14	166	9.30	116	112	36	167	74	-0.80	38	176
Net Income / (Loss) Continuing Operations	14	166	9.30	116	112	36	167	74	-0.80	38	176
Total Pre-Tax Income	18	211	11	151	146	46	216	96	-1.00	49	228
Total Revenue	944	1,035	1,062	1,002	1,096	1,107	885	965	951	926	868
Net Interest Income / (Expense)	-62	-62	-68	-64	-60	-64	-63	-58	-55	-48	-38
Total Interest Income	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Interest Expense	62	62	68	64	60	64	63	58	55	48	38
Long-Term Debt Interest Expense	62	62	68	64	60	64	63	58	55	48	38
Total Non-Interest Income	1,006	1,097	1,130	1,066	1,157	1,171	948	1,023	1,006	974	905
Other Service Charges	-15	96	117	90	218	210	26	122	103	89	11
Net Realized & Unrealized Capital Gains on Investments	370	358	368	335	310	335	296	273	278	259	271
Premiums Earned	651	644	645	642	628	626	626	628	626	626	623
Total Non-Interest Expense	926	825	1,051	851	950	1,061	669	869	952	877	640
Property & Liability Insurance Claims	580	546	726	569	631	756	399	566	610	585	396
Current and Future Benefits	-12	-12	7.30	-30	-6.40	-30	-0.10	8.30	0.60	-18	-5.00
Other Operating Expenses	275	256	269	251	278	273	247	257	272	280	230
Amortization Expense	67	65	64	61	61	59	57	56	56	54	54
Other Special Charges	15	-31	-16	-0.20	-14	2.40	-34	-18	15	-24	-35
Income Tax Expense	4.00	44	1.70	34	34	9.80	48	22	-0.20	11	52
Basic Earnings per Share	$0.14	$1.61	$0.09	$1.08	$1.03	$0.33	$1.48	$0.64	($0.01)	$0.34	$1.54
Weighted Average Basic Shares Outstanding	100.74M	106.14M	105.10M	107.73M	108.96M	113.28M	112.69M	114.27M	114.55M	115.73M	114.35M
Diluted Earnings per Share	$0.13	$1.58	$0.09	$1.06	$1.01	$0.31	$1.46	$0.64	($0.01)	$0.33	$1.52
Weighted Average Diluted Shares Outstanding	103.07M	108.12M	107.13M	109.26M	110.85M	115.12M	114.46M	115.65M	114.55M	117.72M	115.93M
Weighted Average Basic & Diluted Shares Outstanding	99.14M	100.88M	103.21M	105.76M	108.26M	108.99M	112.17M	113.00M	114.55M	114.22M	114.40M
Cash Dividends to Common per Share	$0.16	-	-	-	$0.15	-	-	-	$0.14	-	-

This table details how cash moves in and out of CNO Financial Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	1,109	170	-87	-260	337	-1.90	-101	-544	-129	-179
Net Cash From Operating Activities	628	583	495	598	736	697	318	633	776	748
Net Cash From Continuing Operating Activities	628	583	495	598	-485	694	318	0.00	0.00	0.00
Net Income / (Loss) Continuing Operations	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Non-Cash Adjustments to Reconcile Net Income	628	583	495	598	-485	694	318	-	-	-
Net Cash From Investing Activities	-1,489	-872	-1,781	-1,526	-608	-556	-526	-270	-930	-1,070
Net Cash From Continuing Investing Activities	-1,489	-872	-1,781	-1,526	-608	-556	-526	-270	-930	-1,070
Purchase of Investment Securities	-6,891	-3,621	-6,524	-6,155	-4,321	-5,576	-6,206	-6,164	-6,267	-4,805
Sale and/or Maturity of Investments	5,415	2,786	4,804	4,704	3,712	5,021	5,705	5,894	5,336	4,031
Other Investing Activities, net	-14	-37	-61	-75	-	-	-25	-	-	-296
Net Cash From Financing Activities	1,970	534	1,199	668	210	-143	107	-274	26	143
Net Cash From Continuing Financing Activities	1,984	459	1,199	669	210	-143	107	-274	26	143
Issuance of Debt	1,579	996	285	796	644	1,031	428	1,414	926	1,930
Issuance of Common Equity	11	13	14	22	19	9.20	3.90	8.30	8.40	6.30
Repayment of Debt	-3,171	-2,427	-1,867	-2,080	-1,738	-2,605	-1,740	-2,914	-2,030	-2,598
Repurchase of Common Equity	-300	-166	-190	-408	-268	-255	-108	-168	-210	-365
Payment of Dividends	-68	-68	-65	-66	-67	-67	-65	-60	-55	-52
Other Financing Activities, Net	3,932	2,112	3,023	2,405	1,620	1,743	1,589	1,446	1,387	1,222

This table details how cash moves in and out of CNO Financial Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-973	752	253	339	-236	310	-14	-3.20	-123	91	-66
Net Cash From Operating Activities	137	191	231	111	95	177	183	142	82	161	168
Net Cash From Continuing Operating Activities	134	191	231	111	95	177	183	142	82	161	168
Net Income / (Loss) Continuing Operations	0.00	-	-	-	0.00	-	-	-	0.00	-	-
Non-Cash Adjustments to Reconcile Net Income	134	191	231	111	95	177	183	142	82	161	168
Net Cash From Investing Activities	-538	-151	-168	-1,146	-24	73	-393	-145	-407	-213	-338
Net Cash From Continuing Investing Activities	-538	-151	-168	-1,146	-24	73	-393	-145	-407	-213	-338
Purchase of Investment Securities	-1,640	-1,518	-1,903	-2,410	-1,060	-687	-997	-781	-1,156	-966	-1,204
Sale and/or Maturity of Investments	1,102	1,374	1,735	1,267	1,039	766	612	644	763	774	881
Net Cash From Financing Activities	-571	713	190	1,377	-310	57	232	44	202	144	104
Net Cash From Continuing Financing Activities	-571	716	194	1,381	-307	61	196	0.50	202	144	104
Issuance of Debt	235	584	68	706	222	100	250	25	621	75	-
Issuance of Common Equity	6.50	3.10	4.30	1.00	2.80	2.10	2.50	0.50	8.10	6.90	1.90
Repayment of Debt	-1,256	-839	-771	-581	-979	-529	-501	-515	-882	-477	-371
Repurchase of Common Equity	-110	-92	-90	-60	-59	-70	-40	-30	-26	-9.90	-10
Payment of Dividends	-17	-16	-17	-17	-17	-17	-17	-17	-17	-16	-16
Other Financing Activities, Net	571	1,076	1,000	1,332	524	574	502	537	498	565	499
Cash Income Taxes Paid	-2.50	-	-	-	-	-	-	-	-	-	-

This table presents CNO Financial Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	37,853	35,027	33,133	36,204	35,340	33,631	31,440	33,110	31,975	31,125
Cash and Due from Banks	1,998	889	645	732	0.00	655	657	757	668	797
Trading Account Securities	466	320	20,697	25,164	0.00	21,583	18,972	23,636	22,044	20,608
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accrued Investment Income	286	252	236	216	0.00	206	205	246	240	237
Deferred Acquisition Cost	2,159	1,944	1,771	1,112	1,028	1,216	1,323	1,027	1,045	1,083
Separate Account Business Assets	3.30	3.10	2.70	3.90	0.00	4.20	4.40	5.00	4.70	4.70
Other Assets	32,940	31,620	9,782	8,977	5,033	8,401	8,677	5,789	6,206	6,674
Total Liabilities & Shareholders' Equity	37,853	35,027	33,133	36,204	0.00	33,631	31,440	33,110	31,975	31,125
Total Liabilities	35,354	32,812	31,364	30,945	29,856	28,954	28,069	28,263	27,488	26,987
Long-Term Debt	4,520	4,151	3,883	4,001	0.00	3,786	3,980	3,972	4,223	4,136
Claims and Claim Expense	61	62	64	502	562	522	522	530	501	488
Future Policy Benefits	11,706	12,188	11,240	11,671	11,744	11,499	11,154	11,521	10,953	10,602
Unearned Premiums Liability	227	219	235	247	0.00	261	254	262	283	286
Participating Policy Holder Equity	17,616	15,223	15,234	13,690	12,541	-	-	-	-	-
Separate Account Business Liabilities	3.30	3.10	2.70	3.90	0.00	4.20	4.40	5.00	4.70	4.70
Other Long-Term Liabilities	1,222	966	705	831	0.00	12,883	12,155	11,973	11,524	11,470
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,498	2,216	1,769	5,260	2,938	4,677	3,371	4,848	4,487	4,139
Total Preferred & Common Equity	2,498	2,216	1,769	5,260	5,484	4,677	3,371	4,848	4,487	4,139
Total Common Equity	2,498	2,216	1,769	5,260	2,938	4,677	3,371	4,848	4,487	4,139
Common Stock	1,634	1,893	2,035	2,185	0.00	2,769	2,997	3,075	3,214	3,389
Retained Earnings	2,236	1,900	1,691	1,127	752	536	197	560	651	347
Accumulated Other Comprehensive Income / (Loss)	-1,371	-1,577	-1,957	1,947	2,186	1,373	178	1,212	622	403

This table presents CNO Financial Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	37,436	37,645	36,290	34,940	33,507	34,054	34,015	33,037
Cash and Due from Banks	1,025	1,245	992	650	583	562	522	554
Trading Account Securities	23,940	24,063	22,943	341	20,622	21,275	21,421	20,660
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accrued Investment Income	290	276	263	252	252	242	241	236
Deferred Acquisition Cost	2,210	2,101	2,047	1,992	1,898	1,858	1,811	1,886
Separate Account Business Assets	3.10	3.30	3.20	3.30	2.90	3.00	2.80	2.70
Other Assets	9,969	9,957	10,042	31,701	10,150	10,114	10,016	9,699
Total Liabilities & Shareholders' Equity	37,436	37,645	36,290	34,940	33,507	34,054	34,015	33,037
Total Liabilities	34,906	34,958	33,861	32,572	31,617	32,058	31,983	31,739
Long-Term Debt	4,398	4,305	4,523	3,896	4,148	3,980	4,044	3,894
Claims and Claim Expense	64	60	60	65	61	65	68	454
Future Policy Benefits	11,773	12,180	11,479	11,737	10,830	11,480	11,623	11,748
Unearned Premiums Liability	222	217	221	226	221	234	244	238
Participating Policy Holder Equity	17,346	17,241	16,638	15,737	15,482	15,388	15,303	14,654
Separate Account Business Liabilities	3.10	3.30	3.20	3.30	2.90	3.00	2.80	2.70
Other Long-Term Liabilities	1,101	952	938	909	873	909	699	749
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,531	2,688	2,429	2,368	1,890	1,996	2,032	1,298
Total Preferred & Common Equity	2,531	2,688	2,429	2,368	1,890	1,996	2,032	1,298
Total Common Equity	2,531	2,688	2,429	2,368	1,890	1,996	2,032	1,298
Common Stock	1,536	1,717	1,799	1,852	1,966	1,999	2,022	2,032
Retained Earnings	2,234	2,087	2,095	1,996	1,880	1,730	1,674	1,432
Accumulated Other Comprehensive Income / (Loss)	-1,239	-1,116	-1,464	-1,480	-1,957	-1,734	-1,664	-2,166

This table displays calculated financial ratios and metrics derived from CNO Financial Group's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	7.34%	13.62%	-14.58%	8.47%	-3.73%	-7.64%	0.01%	7.90%	5.01%	-9.06%
EBITDA Growth	31.72%	-43.24%	10.52%	52.07%	20.96%	10,672.34%	-99.35%	18.83%	-3.38%	48.57%
EBIT Growth	45.26%	-56.30%	11.38%	112.92%	25.57%	205.62%	-153.93%	36.30%	-3.94%	109.99%
NOPAT Growth	46.11%	-56.15%	10.57%	88.97%	-26.28%	320.87%	-205.56%	-50.98%	32.32%	426.65%
Net Income Growth	46.11%	-56.15%	10.57%	88.97%	-26.28%	229.97%	-279.39%	-50.98%	32.32%	426.65%
EPS Growth	55.83%	-55.22%	23.22%	106.16%	-19.16%	237.37%	-286.27%	-49.25%	44.60%	479.17%
Operating Cash Flow Growth	7.69%	17.66%	-17.20%	-18.65%	5.57%	119.23%	-49.82%	-18.36%	3.73%	513.96%
Free Cash Flow Firm Growth	43.36%	-110.33%	232.23%	-197.74%	566.78%	-154.76%	1,841.66%	185.07%	-130.33%	-50.32%
Invested Capital Growth	10.24%	12.64%	-38.97%	68.86%	-35.20%	15.13%	-16.65%	1.26%	5.27%	0.18%
Revenue Q/Q Growth	-1.68%	4.86%	-3.52%	-1.51%	2.18%	7.95%	-7.02%	2.22%	0.76%	-0.88%
EBITDA Q/Q Growth	28.53%	0.38%	-16.86%	10.97%	6.23%	16.63%	-93.95%	-8.63%	4.79%	18.68%
EBIT Q/Q Growth	46.45%	-0.67%	-24.50%	30.19%	11.71%	31.13%	-47.84%	-10.15%	6.13%	29.79%
NOPAT Q/Q Growth	47.34%	-0.61%	-24.72%	30.50%	-35.51%	156.36%	-50.03%	-63.47%	37.08%	24.57%
Net Income Q/Q Growth	47.34%	-0.61%	-24.72%	30.50%	-35.51%	156.36%	23.95%	-63.47%	37.08%	24.57%
EPS Q/Q Growth	51.42%	-0.83%	-22.88%	35.51%	-32.15%	150.96%	24.60%	-62.91%	43.57%	31.13%
Operating Cash Flow Q/Q Growth	2.33%	2.79%	9.17%	-11.06%	1.09%	-2.38%	6.36%	-1.62%	-2.30%	-4.25%
Free Cash Flow Firm Q/Q Growth	63.54%	22.94%	-13.63%	-7,470.57%	5,469.07%	-21.11%	39.83%	-88.67%	80.61%	-47.25%
Invested Capital Q/Q Growth	0.37%	5.43%	8.86%	-0.02%	-38.16%	1.48%	-3.28%	2.06%	-0.39%	2.38%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	18.34%	14.95%	29.92%	23.13%	16.50%	13.13%	0.11%	17.26%	15.68%	17.04%
EBIT Margin	12.35%	9.13%	23.74%	18.21%	9.27%	7.11%	-6.22%	11.53%	9.13%	9.98%
Profit (Net Income) Margin	9.63%	7.07%	18.33%	14.16%	8.13%	10.62%	-7.54%	4.21%	9.26%	7.35%
Tax Burden Percent	77.95%	77.49%	77.23%	77.79%	87.66%	149.31%	118.96%	36.55%	101.42%	73.62%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	102.00%	99.81%	100.00%	100.00%
Effective Tax Rate	22.05%	22.51%	22.77%	22.21%	12.34%	-49.31%	0.00%	63.45%	-1.42%	26.38%
Return on Invested Capital (ROIC)	6.04%	4.60%	8.46%	7.74%	4.33%	5.18%	-2.29%	2.00%	4.22%	3.27%
ROIC Less NNEP Spread (ROIC-NNEP)	6.04%	4.60%	8.46%	7.74%	4.33%	5.18%	-5.55%	2.00%	4.22%	3.27%
Return on Net Nonoperating Assets (RNNOA)	11.10%	9.28%	9.49%	6.18%	3.60%	5.00%	-5.37%	1.76%	4.09%	2.86%
Return on Equity (ROE)	17.14%	13.88%	17.94%	13.91%	7.93%	10.17%	-7.67%	3.76%	8.31%	6.13%
Cash Return on Invested Capital (CROIC)	-3.71%	-7.29%	56.86%	-43.49%	47.04%	-8.89%	15.87%	0.75%	-0.92%	3.10%
Operating Return on Assets (OROA)	1.42%	1.05%	2.36%	2.05%	1.00%	0.84%	-0.80%	1.48%	1.12%	1.18%
Return on Assets (ROA)	1.11%	0.81%	1.82%	1.59%	0.88%	1.26%	-0.98%	0.54%	1.14%	0.87%
Return on Common Equity (ROCE)	17.14%	13.88%	17.94%	13.91%	7.93%	10.17%	-7.67%	3.76%	8.31%	6.13%
Return on Equity Simple (ROE_SIMPLE)	16.17%	12.48%	35.65%	10.84%	5.50%	8.75%	-9.34%	3.62%	7.98%	6.54%
Net Operating Profit after Tax (NOPAT)	404	277	631	570	302	409	-185	176	358	271
NOPAT Margin	9.63%	7.07%	18.33%	14.16%	8.13%	10.62%	-4.44%	4.21%	9.26%	7.35%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.26%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	87.65%	90.87%	76.26%	81.79%	90.73%	92.89%	106.22%	88.47%	90.87%	90.02%
Earnings before Interest and Taxes (EBIT)	518	357	817	733	344	274	-260	481	353	368
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	770	584	1,029	931	612	506	4.70	721	607	628
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.54	1.38	1.41	0.53	0.97	0.53	0.63	0.73	0.62	0.71
Price to Tangible Book Value (P/TBV)	1.54	1.38	1.41	0.53	0.97	0.53	0.63	0.73	0.62	0.71
Price to Revenue (P/Rev)	0.92	0.78	0.73	0.69	0.77	0.64	0.51	0.84	0.72	0.79
Price to Earnings (P/E)	9.51	11.09	3.96	4.84	9.42	6.00	0.00	20.07	7.77	10.79
Dividend Yield	1.69%	2.16%	2.52%	2.28%	2.30%	2.65%	3.77%	1.67%	1.93%	1.72%
Earnings Yield	10.52%	9.02%	25.22%	20.64%	10.61%	16.67%	0.00%	4.98%	12.87%	9.27%
Enterprise Value to Invested Capital (EV/IC)	0.91	0.99	1.02	0.65	0.52	0.66	0.74	0.76	0.73	0.76
Enterprise Value to Revenue (EV/Rev)	1.52	1.62	1.67	1.50	0.77	1.45	1.31	1.61	1.64	1.70
Enterprise Value to EBITDA (EV/EBITDA)	8.27	10.83	5.57	6.48	4.64	11.04	1,162.11	9.35	10.45	9.97
Enterprise Value to EBIT (EV/EBIT)	12.28	17.73	7.03	8.23	8.26	20.38	0.00	14.00	17.94	17.03
Enterprise Value to NOPAT (EV/NOPAT)	15.75	22.88	9.10	10.58	9.42	13.65	0.00	38.38	17.69	23.13
Enterprise Value to Operating Cash Flow (EV/OCF)	10.14	10.86	11.58	10.08	3.87	8.02	17.19	10.64	8.17	8.37
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	1.35	0.00	0.87	0.00	4.26	101.95	0.00	24.44
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.81	1.87	2.20	0.76	0.00	0.81	1.18	0.82	0.94	1.00
Long-Term Debt to Equity	1.81	1.87	2.20	0.76	0.00	0.81	1.18	0.82	0.94	1.00
Financial Leverage	1.84	2.02	1.12	0.80	0.83	0.96	0.97	0.88	0.97	0.87
Leverage Ratio	15.46	17.11	9.87	8.73	9.06	8.09	7.85	6.97	7.32	7.06
Compound Leverage Factor	15.46	17.11	9.87	8.73	9.06	8.09	8.01	6.96	7.32	7.06
Debt to Total Capital	64.40%	65.20%	68.70%	43.20%	0.00%	44.74%	54.14%	45.04%	48.49%	49.98%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	64.40%	65.20%	68.70%	43.20%	0.00%	44.74%	54.14%	45.04%	48.49%	49.98%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	35.60%	34.80%	31.30%	56.80%	100.00%	55.26%	45.86%	54.96%	51.51%	50.02%
Debt to EBITDA	5.87	7.10	3.77	4.30	0.00	7.48	846.77	5.51	6.96	6.59
Net Debt to EBITDA	3.28	5.58	3.15	3.51	0.00	6.18	707.06	4.46	5.86	5.32
Long-Term Debt to EBITDA	5.87	7.10	3.77	4.30	0.00	7.48	846.77	5.51	6.96	6.59
Debt to NOPAT	11.19	15.01	6.16	7.02	0.00	9.25	-21.47	22.62	11.79	15.28
Net Debt to NOPAT	6.24	11.80	5.13	5.73	0.00	7.65	-17.93	18.31	9.92	12.33
Long-Term Debt to NOPAT	11.19	15.01	6.16	7.02	0.00	9.25	-21.47	22.62	11.79	15.28
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-248	-438	4,240	-3,206	3,281	-703	1,283	66	-78	256
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	-0.98	-1.84	30.95	-33.61	30.15	-4.61	8.57	0.53	-0.67	2.70
Operating Cash Flow to Interest Expense	2.47	2.44	3.62	6.27	6.76	4.57	2.12	5.12	6.66	7.88
Operating Cash Flow Less CapEx to Interest Expense	2.47	2.44	3.62	6.27	6.76	4.57	2.12	5.12	6.66	7.88
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.12	0.11	0.10	0.11	0.11	0.12	0.13	0.13	0.12	0.12
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	7,018	6,366	5,652	9,261	5,484	8,463	7,351	8,820	8,710	8,274
Invested Capital Turnover	0.63	0.65	0.46	0.55	0.53	0.49	0.52	0.48	0.46	0.45
Increase / (Decrease) in Invested Capital	652	715	-3,609	3,777	-2,979	1,112	-1,469	110	436	15
Enterprise Value (EV)	6,363	6,328	5,738	6,032	2,844	5,588	5,462	6,739	6,337	6,260
Market Capitalization	3,840	3,066	2,500	2,763	2,844	2,456	2,139	3,524	2,782	2,922
Book Value per Share	$24.21	$19.75	$15.46	$42.65	$21.14	$30.94	$20.47	$28.90	$25.85	$22.25
Tangible Book Value per Share	$24.21	$19.75	$15.46	$42.65	$21.14	$30.94	$20.47	$28.90	$25.85	$22.25
Total Capital	7,018	6,366	5,652	9,261	2,938	8,463	7,351	8,820	8,710	8,274
Total Debt	4,520	4,151	3,883	4,001	0.00	3,786	3,980	3,972	4,223	4,136
Total Long-Term Debt	4,520	4,151	3,883	4,001	0.00	3,786	3,980	3,972	4,223	4,136
Net Debt	2,522	3,262	3,238	3,269	0.00	3,131	3,323	3,215	3,555	3,339
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	130	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	4,520	4,151	3,883	4,001	2,546	3,786	3,980	3,972	4,223	4,136
Total Depreciation and Amortization (D&A)	251	227	213	198	268	232	264	239	253	260
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.81	$2.44	$3.43	$3.43	$2.12	$2.62	($1.90)	$1.03	$2.03	$1.40
Adjusted Weighted Average Basic Shares Outstanding	106.14M	113.28M	115.73M	128.40M	142.10M	156.04M	165.46M	170.03M	176.64M	193.05M
Adjusted Diluted Earnings per Share	$3.74	$2.40	$3.37	$3.36	$2.11	$2.61	($1.90)	$1.02	$2.01	$1.39
Adjusted Weighted Average Diluted Shares Outstanding	108.12M	115.12M	117.72M	131.13M	143.16M	157.15M	165.46M	172.14M	178.32M	195.17M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	100.88M	108.99M	114.22M	118.47M	134.64M	146.28M	160.72M	166.88M	173.80M	179.59M
Normalized Net Operating Profit after Tax (NOPAT)	357	250	521	552	302	192	-175	343	247	277
Normalized NOPAT Margin	8.51%	6.40%	15.16%	13.72%	8.13%	4.98%	-4.19%	8.22%	6.39%	7.53%
Pre Tax Income Margin	12.35%	9.13%	23.74%	18.21%	9.27%	7.11%	-6.34%	11.51%	9.13%	9.98%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.04	1.50	5.96	7.68	3.16	1.80	-1.73	3.89	3.03	3.87
NOPAT to Interest Expense	1.59	1.16	4.60	5.98	2.77	2.69	-1.24	1.42	3.08	2.85
EBIT Less CapEx to Interest Expense	2.04	1.50	5.96	7.68	3.16	1.80	-1.73	3.89	3.03	3.87
NOPAT Less CapEx to Interest Expense	1.59	1.16	4.60	5.98	2.77	2.69	-1.24	1.42	3.08	2.85
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	16.76%	24.63%	10.28%	11.52%	22.20%	16.39%	-20.57%	33.94%	15.30%	19.21%
Augmented Payout Ratio	91.06%	84.70%	40.42%	83.03%	111.10%	78.55%	-54.86%	129.78%	73.93%	154.19%

This table displays calculated financial ratios and metrics derived from CNO Financial Group's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-13.93%	-6.47%	19.97%	3.81%	15.24%	19.55%	1.98%	16.68%	16.14%	-11.93%	-8.14%
EBITDA Growth	-58.83%	162.67%	-72.49%	39.38%	279.27%	2.14%	-3.13%	-56.85%	-81.37%	-67.00%	51.37%
EBIT Growth	-87.89%	356.62%	-94.90%	56.71%	14,720.00%	-4.95%	-5.40%	-67.95%	-100.42%	-84.53%	78.05%
NOPAT Growth	-87.80%	357.58%	-94.44%	57.80%	16,142.86%	-4.47%	-4.89%	-68.41%	-100.38%	-84.50%	76.25%
Net Income Growth	-87.80%	357.58%	-94.44%	57.80%	14,137.50%	-4.47%	-4.89%	-68.41%	-100.44%	-84.50%	76.25%
EPS Growth	-87.13%	409.68%	-93.84%	65.63%	10,200.00%	-6.06%	-3.95%	-67.84%	-100.66%	-82.81%	97.40%
Operating Cash Flow Growth	44.50%	8.09%	26.48%	-21.63%	15.51%	9.82%	9.13%	27.94%	45.21%	34.87%	-30.41%
Free Cash Flow Firm Growth	-768.53%	28.34%	-39.16%	-501.92%	-104.92%	-118.60%	-116.00%	-93.66%	11.16%	203.27%	1,545.97%
Invested Capital Growth	10.62%	10.24%	15.81%	16.33%	3.08%	12.64%	16.31%	-2.29%	-20.07%	-38.97%	-43.95%
Revenue Q/Q Growth	-8.85%	-2.49%	5.95%	-8.60%	-0.95%	25.08%	-8.32%	1.46%	2.75%	6.70%	4.90%
EBITDA Q/Q Growth	-69.14%	267.73%	-64.62%	2.56%	96.86%	-61.48%	79.22%	179.08%	-46.98%	-63.47%	-20.17%
EBIT Q/Q Growth	-91.59%	1,813.64%	-92.70%	3.01%	217.14%	-78.62%	124.35%	9,710.00%	-102.06%	-78.72%	-23.98%
NOPAT Q/Q Growth	-91.75%	1,686.02%	-92.00%	3.56%	209.37%	-78.30%	127.00%	10,628.57%	-101.84%	-78.40%	-24.60%
Net Income Q/Q Growth	-91.75%	1,686.02%	-92.00%	3.56%	209.37%	-78.30%	127.00%	9,312.50%	-102.11%	-78.40%	-24.60%
EPS Q/Q Growth	-91.77%	1,655.56%	-91.51%	4.95%	225.81%	-78.77%	128.13%	6,500.00%	-103.03%	-78.29%	-23.62%
Operating Cash Flow Q/Q Growth	-28.43%	-17.39%	108.48%	17.23%	-46.46%	-3.34%	29.19%	72.77%	-49.10%	-3.94%	51.45%
Free Cash Flow Firm Q/Q Growth	-34.03%	48.59%	-10.01%	-1,045.73%	88.94%	0.16%	-417.73%	-85.98%	-58.17%	-14.12%	25.97%
Invested Capital Q/Q Growth	-1.28%	0.37%	0.59%	10.99%	-1.62%	5.43%	1.04%	-1.65%	7.51%	8.86%	-15.12%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	9.02%	26.64%	7.06%	21.16%	18.85%	9.49%	30.81%	15.76%	5.73%	11.10%	32.43%
EBIT Margin	1.88%	20.33%	1.04%	15.03%	13.34%	4.17%	24.36%	9.96%	-0.11%	5.24%	26.26%
Profit (Net Income) Margin	1.45%	16.05%	0.88%	11.61%	10.24%	3.28%	18.91%	7.64%	-0.08%	4.10%	20.27%
Tax Burden Percent	77.40%	78.91%	84.55%	77.22%	76.81%	78.74%	77.60%	76.69%	80.00%	78.35%	77.18%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	22.60%	21.09%	15.45%	22.78%	23.19%	21.26%	22.40%	23.31%	0.00%	21.65%	22.82%
Return on Invested Capital (ROIC)	0.89%	10.06%	0.57%	7.34%	6.73%	2.13%	12.55%	4.69%	-0.04%	1.89%	10.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.89%	10.06%	0.57%	7.34%	6.73%	2.13%	12.55%	4.69%	-0.04%	1.89%	10.00%
Return on Net Nonoperating Assets (RNNOA)	1.51%	18.50%	1.06%	14.11%	12.14%	4.30%	31.66%	8.78%	-0.06%	2.12%	12.13%
Return on Equity (ROE)	2.40%	28.56%	1.63%	21.46%	18.87%	6.43%	44.21%	13.46%	-0.10%	4.02%	22.13%
Cash Return on Invested Capital (CROIC)	-5.45%	-3.71%	-10.44%	-8.41%	3.28%	-7.29%	-10.12%	7.06%	28.84%	56.86%	67.92%
Operating Return on Assets (OROA)	0.21%	2.34%	0.12%	1.75%	1.57%	0.48%	2.73%	1.09%	-0.01%	0.52%	2.72%
Return on Assets (ROA)	0.16%	1.85%	0.11%	1.35%	1.20%	0.38%	2.12%	0.83%	-0.01%	0.41%	2.10%
Return on Common Equity (ROCE)	2.40%	28.56%	1.63%	21.46%	18.87%	6.43%	44.21%	13.46%	-0.10%	4.02%	22.13%
Return on Equity Simple (ROE_SIMPLE)	12.07%	0.00%	10.20%	17.79%	16.45%	0.00%	14.72%	14.37%	21.97%	0.00%	64.54%
Net Operating Profit after Tax (NOPAT)	14	166	9.30	116	112	36	167	74	-0.70	38	176
NOPAT Margin	1.45%	16.05%	0.88%	11.61%	10.24%	3.28%	18.91%	7.64%	-0.07%	4.10%	20.27%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	98.12%	79.67%	98.96%	84.97%	86.66%	95.83%	75.64%	90.04%	100.11%	94.76%	73.74%
Earnings before Interest and Taxes (EBIT)	18	211	11	151	146	46	216	96	-1.00	49	228
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	85	276	75	212	207	105	273	152	55	103	281
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.66	1.54	1.38	1.24	1.29	1.38	1.39	1.33	1.21	1.41	1.52
Price to Tangible Book Value (P/TBV)	1.66	1.54	1.38	1.24	1.29	1.38	1.39	1.33	1.21	1.41	1.52
Price to Revenue (P/Rev)	1.04	0.92	0.87	0.73	0.76	0.78	0.70	0.71	0.69	0.73	0.55
Price to Earnings (P/E)	13.76	9.51	13.54	6.94	7.87	11.09	9.43	9.23	5.51	3.96	2.35
Dividend Yield	1.54%	1.69%	1.77%	2.20%	2.20%	2.16%	2.50%	2.47%	2.60%	2.52%	3.13%
Earnings Yield	7.27%	10.52%	7.39%	14.40%	12.71%	9.02%	10.61%	10.83%	18.15%	25.22%	42.48%
Enterprise Value to Invested Capital (EV/IC)	1.09	0.91	0.97	0.94	1.01	0.99	1.02	1.02	0.98	1.02	1.02
Enterprise Value to Revenue (EV/Rev)	1.87	1.52	1.59	1.60	1.56	1.62	1.66	1.64	1.67	1.67	1.49
Enterprise Value to EBITDA (EV/EBITDA)	11.69	8.27	11.31	8.20	8.57	10.83	10.63	10.27	7.56	5.57	4.29
Enterprise Value to EBIT (EV/EBIT)	19.43	12.28	19.14	11.69	12.52	17.73	17.23	16.33	10.40	7.03	4.91
Enterprise Value to NOPAT (EV/NOPAT)	24.80	15.75	24.70	15.11	16.20	22.88	22.24	21.15	13.40	9.10	6.34
Enterprise Value to Operating Cash Flow (EV/OCF)	11.31	10.14	11.04	11.56	10.60	10.86	10.91	10.99	11.48	11.58	11.71
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	31.19	0.00	0.00	14.21	3.03	1.35	1.08
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.74	1.81	1.60	1.86	1.65	1.87	2.19	1.99	1.99	2.20	3.00
Long-Term Debt to Equity	1.74	1.81	1.60	1.86	1.65	1.87	2.19	1.99	1.99	2.20	3.00
Financial Leverage	1.69	1.84	1.85	1.92	1.80	2.02	2.52	1.87	1.39	1.12	1.21
Leverage Ratio	14.78	15.46	15.54	15.90	15.67	17.11	20.87	16.13	12.14	9.87	10.53
Compound Leverage Factor	14.78	15.46	15.54	15.90	15.67	17.11	20.87	16.13	12.14	9.87	10.53
Debt to Total Capital	63.48%	64.40%	61.56%	65.06%	62.20%	65.20%	68.70%	66.60%	66.56%	68.70%	75.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	63.48%	64.40%	61.56%	65.06%	62.20%	65.20%	68.70%	66.60%	66.56%	68.70%	75.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	36.52%	35.60%	38.44%	34.94%	37.80%	34.80%	31.30%	33.40%	33.44%	31.30%	25.00%
Debt to EBITDA	6.79	5.87	7.19	5.68	5.29	7.10	7.13	6.74	5.11	3.77	3.15
Net Debt to EBITDA	5.21	3.28	5.11	4.43	4.41	5.58	6.13	5.79	4.45	3.15	2.70
Long-Term Debt to EBITDA	6.79	5.87	7.19	5.68	5.29	7.10	7.13	6.74	5.11	3.77	3.15
Debt to NOPAT	14.40	11.19	15.70	10.46	10.00	15.01	14.91	13.88	9.06	6.16	4.65
Net Debt to NOPAT	11.04	6.24	11.16	8.17	8.33	11.80	12.82	11.92	7.89	5.13	3.99
Long-Term Debt to NOPAT	14.40	11.19	15.70	10.46	10.00	15.01	14.91	13.88	9.06	6.16	4.65
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-651	-486	-945	-859	-75	-678	-679	214	1,525	3,647	4,247
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	-10.51	-7.84	-13.90	-13.38	-1.25	-10.65	-10.85	3.71	27.89	76.30	112.95
Operating Cash Flow to Interest Expense	2.20	3.08	3.40	1.73	1.57	2.77	2.92	2.46	1.50	3.37	4.45
Operating Cash Flow Less CapEx to Interest Expense	2.20	3.08	3.40	1.73	1.57	2.77	2.92	2.46	1.50	3.37	4.45
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.11	0.12	0.12	0.12	0.12	0.11	0.11	0.11	0.10	0.10	0.10
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	6,928	7,018	6,993	6,952	6,263	6,366	6,038	5,976	6,076	5,652	5,192
Invested Capital Turnover	0.61	0.63	0.65	0.63	0.66	0.65	0.66	0.61	0.52	0.46	0.49
Increase / (Decrease) in Invested Capital	665	652	955	976	187	715	847	-140	-1,526	-3,609	-4,071
Enterprise Value (EV)	7,575	6,363	6,772	6,532	6,310	6,328	6,188	6,067	5,982	5,738	5,312
Market Capitalization	4,202	3,840	3,712	3,001	3,065	3,066	2,623	2,649	2,460	2,500	1,972
Book Value per Share	$25.08	$24.21	$25.41	$22.44	$21.73	$19.75	$16.73	$17.42	$17.79	$15.46	$11.35
Tangible Book Value per Share	$25.08	$24.21	$25.41	$22.44	$21.73	$19.75	$16.73	$17.42	$17.79	$15.46	$11.35
Total Capital	6,928	7,018	6,993	6,952	6,263	6,366	6,038	5,976	6,076	5,652	5,192
Total Debt	4,398	4,520	4,305	4,523	3,896	4,151	4,148	3,980	4,044	3,883	3,894
Total Long-Term Debt	4,398	4,520	4,305	4,523	3,896	4,151	4,148	3,980	4,044	3,883	3,894
Net Debt	3,373	2,522	3,060	3,531	3,246	3,262	3,565	3,418	3,522	3,238	3,340
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.10	0.00	0.00
Net Nonoperating Obligations (NNO)	4,398	4,520	4,305	4,523	3,896	4,151	4,148	3,980	4,044	3,883	3,894
Total Depreciation and Amortization (D&A)	67	65	64	61	61	59	57	56	56	54	54
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.14	$1.61	$0.09	$1.08	$1.03	$0.33	$1.48	$0.64	($0.01)	$0.34	$0.92
Adjusted Weighted Average Basic Shares Outstanding	100.74M	106.14M	105.10M	107.73M	108.96M	113.28M	112.69M	114.27M	114.55M	115.73M	114.35M
Adjusted Diluted Earnings per Share	$0.13	$1.58	$0.09	$1.06	$1.01	$0.31	$1.46	$0.64	($0.01)	$0.33	$0.91
Adjusted Weighted Average Diluted Shares Outstanding	103.07M	108.12M	107.13M	109.26M	110.85M	115.12M	114.46M	115.65M	114.55M	117.72M	115.93M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	99.14M	100.88M	103.21M	105.76M	108.26M	108.99M	112.17M	113.00M	114.55M	114.22M	114.40M
Normalized Net Operating Profit after Tax (NOPAT)	26	142	-4.31	116	102	38	141	60	9.66	20	149
Normalized NOPAT Margin	2.71%	13.72%	-0.41%	11.59%	9.28%	3.45%	15.94%	6.24%	1.02%	2.11%	17.17%
Pre Tax Income Margin	1.88%	20.33%	1.04%	15.03%	13.34%	4.17%	24.36%	9.96%	-0.11%	5.24%	26.26%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.29	3.40	0.16	2.35	2.43	0.72	3.44	1.67	-0.02	1.01	6.06
NOPAT to Interest Expense	0.22	2.68	0.14	1.81	1.87	0.57	2.67	1.28	-0.01	0.80	4.68
EBIT Less CapEx to Interest Expense	0.29	3.40	0.16	2.35	2.43	0.72	3.44	1.67	-0.02	1.01	6.06
NOPAT Less CapEx to Interest Expense	0.22	2.68	0.14	1.81	1.87	0.57	2.67	1.28	-0.01	0.80	4.68
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	22.04%	16.76%	24.80%	15.76%	17.53%	24.63%	24.26%	23.26%	14.74%	10.28%	7.70%
Augmented Payout Ratio	137.20%	91.06%	126.48%	68.76%	68.63%	84.70%	62.26%	49.62%	38.51%	40.42%	41.15%

Frequently Asked Questions About CNO Financial Group's Financials

When does CNO Financial Group's financial year end?

According to the most recent income statement we have on file, CNO Financial Group's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has CNO Financial Group's net income changed over the last 9 years?

CNO Financial Group's net income appears to be on an upward trend, with a most recent value of $404 million in 2024, rising from $270.70 million in 2015. The previous period was $276.50 million in 2023. Check out CNO Financial Group's forecast to explore projected trends and price targets.

How has CNO Financial Group revenue changed over the last 9 years?

Over the last 9 years, CNO Financial Group's total revenue changed from $3.68 billion in 2015 to $4.20 billion in 2024, a change of 13.9%.

How much debt does CNO Financial Group have?

CNO Financial Group's total liabilities were at $35.35 billion at the end of 2024, a 7.7% increase from 2023, and a 31.0% increase since 2015.

How much cash does CNO Financial Group have?

In the past 9 years, CNO Financial Group's cash and equivalents has ranged from $0.00 in 2020 to $2.00 billion in 2024, and is currently $2.00 billion as of their latest financial filing in 2024.

How has CNO Financial Group's book value per share changed over the last 9 years?

Over the last 9 years, CNO Financial Group's book value per share changed from 22.25 in 2015 to 24.21 in 2024, a change of 8.8%.

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This page (NYSE:CNO) was last updated on 5/23/2025 by MarketBeat.com Staff

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CNO Financial Group (CNO) Financials

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