Free Trial
→ $100 Trillion “AI Metal” Found in American Ghost Town (From Brownstone Research) (Ad) Free CNO Stock Alerts

CNO Financial Group (CNO) Financials

CNO Financial Group logo
$36.50 +0.56 (+1.56%)
Closing price 08/8/2025 03:59 PM Eastern
Extended Trading
$36.52 +0.02 (+0.04%)
As of 08/8/2025 06:20 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
Compare
Annual Income Statements for CNO Financial Group

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

Quarterly Income Statements for CNO Financial Group

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

Annual Cash Flow Statements for CNO Financial Group

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

Quarterly Cash Flow Statements for CNO Financial Group

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

Annual Balance Sheets for CNO Financial Group

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

Quarterly Balance Sheets for CNO Financial Group

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

Annual Metrics And Ratios for CNO Financial Group

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

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

Quarterly Metrics And Ratios for CNO Financial Group

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

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

Key Financial Trends

CNO Financial Group's financial data from Q3 2022 to Q1 2025 reveals several important trends:

  • The company has consistently generated positive net income in most quarters, with strong results in Q3 2023 ($167M net income) and Q4 2024 ($166M net income).
  • Premiums earned have generally increased over the years, reaching $650.7M in Q1 2025, up from about $623M in Q3 2022, indicating stable or growing underlying insurance business.
  • Net realized and unrealized capital gains on investments increased over time, with gains of $370M in Q1 2025 compared to around $271M in Q3 2022, suggesting effective investment management and contributing to non-interest income growth.
  • Cash and equivalents have grown from $553M in Q3 2022 to approximately $1.02B in Q1 2025, improving liquidity.
  • Non-cash adjustments to reconcile net income to operating cash flows remain robust, with $134M in Q1 2025, supporting strong cash flows from operating activities ($134M).
  • Long-term debt levels have increased somewhat from $3.89B in Q3 2022 to $4.40B in Q1 2025, which could reflect financing for growth or refinancing.
  • Total assets have fluctuated but remain fairly stable around $33B-$37B over the periods, indicating relatively steady scale.
  • Net interest expense has increased slightly, with long-term debt interest expense at $62M in Q1 2025 versus $37.6M in Q3 2022, pressuring profitability somewhat.
  • Total non-interest expenses are sizable and have generally increased, reaching $926M in Q1 2025, driven by property and liability insurance claims and operating expenses, which could pressure earnings.
  • In Q1 2025, the company reported a very low net income of $13.7M compared to prior quarters' hundreds of millions, signaling recent operational or market challenges.

Summary: Over the past two years, CNO Financial Group has shown growth in premiums earned and investment gains, and overall revenue remained solid. The company has maintained positive net income consistency except for a significant dip in Q1 2025. Cash reserves have improved, supporting liquidity. However, rising interest expenses, higher operating costs, and the recent earnings decline could be concerns for investors. Monitoring future quarters for earnings recovery and expense control will be important.

08/09/25 02:45 AMAI Generated. May Contain Errors.

Frequently Asked Questions About CNO Financial Group's Financials

When does CNO Financial Group's fiscal year end?

According to the most recent income statement we have on file, CNO Financial Group's financial year ends in December. Their financial 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. View CNO Financial Group's forecast to see where analysts expect CNO Financial Group to go next.

How has CNO Financial Group's 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%.


Related Companies

This page (NYSE:CNO) was last updated on 8/9/2025 by MarketBeat.com Staff
From Our Partners
Trump’s national nightmare is here
Porter Stansberry and Jeff Brown say a new U.S. national emergency is already underway — and it could trigger ...
Porter & Company | Sponsored
Man Who Called Nvidia at $1.10 Says Buy This Now...
In 2004, one man called Nvidia before just about anyone knew it existed. Now, this same guy says a new comp...
The Oxford Club | Sponsored
Elon’s Secret Social Security Bombshell
To All Americans Born Before April 16th, 1963: Did Trump Just Give The Green Light To Radically RE-DO Social S...
Banyan Hill Publishing | Sponsored
Crypto Income (almost instantly)
How would you like to collect a small percentage of the $4 billion changing hands daily in the crypto market? ...
Awesomely, LLC | Sponsored
One stock to replace Nvidia
I'm a Futurist: Here are 3 stocks better than Nvidia Nvidia's own customers could soon become fierce compet...
InvestorPlace | Sponsored
Crypto bros: Meet your replacement
Larry Benedict made $274 million trading on Wall Street… Barron’s ranked his hedge fund in the top 1% world...
Brownstone Research | Sponsored
INVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting Off
Right now, we’re witnessing a monumental shift in the world.
Traders Agency | Sponsored
Utah’s New Oil Find
The Real Reason 218,000 Acres Just Vanished The government just quietly leased 218,000 acres in the middle ...
Stansberry Research | Sponsored