Free Trial
→ SpaceX eyes a 1.75 trillion valuation - here's what to know (From Brownstone Research) (Ad)tc pixel Free CNO Stock Alerts

CNO Financial Group (CNO) Financials

CNO Financial Group logo
$47.83 +1.01 (+2.16%)
Closing price 03:59 PM Eastern
Extended Trading
$47.84 +0.01 (+0.01%)
As of 04:10 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 Massive. 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 2025
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 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 271 358 176 -310 409 302 570 631 277 421 229
Consolidated Net Income / (Loss)		 271 358 176 -315 409 302 570 631 277 421 229
Net Income / (Loss) Continuing Operations		 271 358 176 -310 409 302 570 631 277 421 229
Total Pre-Tax Income 		368 353 481 -265 274 344 733 817 357 540 293
Total Revenue		 3,684 3,869 4,174 4,175 3,856 3,712 4,027 3,440 3,908 4,195 4,258
Net Interest Income / (Expense)		 -95 -116 -124 -150 -152 -109 -95 -137 -239 -254 -231
Total Interest Income		 0.00 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 95 137 239 254 231
Long-Term Debt Interest Expense		 95 116 124 150 152 109 95 137 239 254 231
Total Non-Interest Income		 3,779 3,985 4,298 4,325 4,009 3,821 4,122 3,577 4,147 4,450 4,489
Other Service Charges		 89 172 314 96 409 267 440 33 460 522 377
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 1,489
Premiums Earned		 2,556 2,601 2,647 2,593 2,481 2,511 2,523 2,500 2,506 2,559 2,623
Total Non-Interest Expense		 3,317 3,516 3,693 4,435 3,582 3,368 3,294 2,623 3,551 3,655 3,965
Property & Liability Insurance Claims		 2,308 2,391 2,603 2,279 2,417 2,158 2,188 1,617 2,331 2,450 2,548
Current and Future Benefits		 - - - - - - -51 -16 -21 -41 -71
Other Operating Expenses		 739 872 842 1,882 933 942 982 951 1,048 1,055 1,120
Amortization Expense		 260 253 239 264 232 268 198 213 227 251 278
Impairment Charge		 - - - - - - - - 0.00 0.00 102
Other Special Charges		 9.00 0.00 9.50 15 - - -23 -142 -34 -61 -12
Income Tax Expense		 97 -5.00 305 50 -135 43 163 186 80 119 64
Basic Earnings per Share		 $1.40 $2.03 $1.03 ($1.90) $2.62 $2.12 $4.44 $5.45 $2.44 $3.96 $2.35
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 97.76M
Diluted Earnings per Share		 $1.39 $2.01 $1.02 ($1.90) $2.61 $2.11 $4.35 $5.36 $2.40 $3.89 $2.30
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 99.82M
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 94.28M
Cash Dividends to Common per Share		 - $0.31 - $0.39 - $0.47 - $0.55 $0.59 $0.63 $0.67

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 167 36 112 116 9.30 166 22 92 23 101 38
Consolidated Net Income / (Loss)		 167 36 112 116 9.30 166 22 92 23 101 38
Net Income / (Loss) Continuing Operations		 167 36 112 116 9.30 166 22 92 23 101 38
Total Pre-Tax Income 		216 46 146 151 11 211 28 118 36 122 48
Total Revenue		 885 1,107 1,096 1,002 1,062 1,035 944 1,092 1,132 1,090 979
Net Interest Income / (Expense)		 -63 -64 -60 -64 -68 -62 -62 -59 -57 -53 -51
Total Interest Income		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Interest Expense		 63 64 60 64 68 62 62 59 57 53 51
Long-Term Debt Interest Expense		 63 64 60 64 68 62 62 59 57 53 51
Total Non-Interest Income		 948 1,171 1,157 1,066 1,130 1,097 1,006 1,152 1,189 1,143 1,030
Other Service Charges		 26 210 218 90 117 96 -15 140 150 101 -16
Net Realized & Unrealized Capital Gains on Investments		 296 335 310 335 368 358 370 360 380 380 372
Premiums Earned		 626 626 628 642 645 644 651 651 658 662 673
Total Non-Interest Expense		 669 1,061 950 851 1,051 825 916 974 1,096 968 930
Property & Liability Insurance Claims		 399 756 637 574 731 546 570 658 702 608 577
Current and Future Benefits		 -0.10 -30 -6.40 -30 7.30 -12 -12 -13 -31 -15 -6.50
Other Operating Expenses		 247 273 278 251 248 256 275 271 258 315 275
Amortization Expense		 57 59 61 61 - 65 67 69 - - 74
Other Special Charges		 -34 2.40 -19 -5.80 - -31 15 -11 - - 11
Income Tax Expense		 48 9.80 34 34 1.70 44 6.30 26 13 21 11
Basic Earnings per Share		 $1.48 $0.33 $1.03 $1.08 $0.09 $1.61 $0.21 $0.93 $0.24 $1.04 $0.40
Weighted Average Basic Shares Outstanding		 112.69M 113.28M 108.96M 107.73M 105.10M 106.14M 100.74M 98.57M 96.60M 97.76M 94.08M
Diluted Earnings per Share		 $1.46 $0.31 $1.01 $1.06 $0.09 $1.58 $0.21 $0.91 $0.24 $1.02 $0.39
Weighted Average Diluted Shares Outstanding		 114.46M 115.12M 110.85M 109.26M 107.13M 108.12M 103.07M 100.39M 98.55M 99.82M 96.14M
Weighted Average Basic & Diluted Shares Outstanding		 112.17M 108.99M 108.26M 105.76M 103.21M 100.88M 99.14M 96.93M 95.35M 94.28M 93.35M

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 2025
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 12/31/2025
Net Change in Cash & Equivalents		 -179 -129 -544 -101 -1.90 337 -260 -87 244 1,109 -1,014
Net Cash From Operating Activities		 748 776 633 318 697 736 598 495 583 628 676
Net Cash From Continuing Operating Activities		 0.00 0.00 0.00 318 694 -485 598 495 642 683 713
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 0.00
Non-Cash Adjustments to Reconcile Net Income		 - - - 318 694 -485 598 495 642 683 713
Net Cash From Investing Activities		 -1,070 -930 -270 -526 -556 -608 -1,526 -1,781 -872 -1,489 -1,667
Net Cash From Continuing Investing Activities		 -1,070 -930 -270 -526 -556 -608 -1,526 -1,781 -872 -1,489 -1,667
Purchase of Investment Securities		 -4,805 -6,267 -6,164 -6,206 -5,576 -4,321 -6,155 -6,524 -3,658 -6,891 -8,463
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 6,795
Net Cash From Financing Activities		 143 26 -274 107 -143 210 668 1,199 534 1,970 -23
Net Cash From Continuing Financing Activities		 143 26 -274 107 -143 210 669 1,199 534 1,984 -23
Issuance of Debt		 1,930 926 1,414 428 1,031 644 796 285 996 1,579 777
Issuance of Common Equity		 6.30 8.40 8.30 3.90 9.20 19 22 14 13 11 12
Repayment of Debt		 -2,598 -2,030 -2,914 -1,740 -2,605 -1,738 -2,080 -1,867 -2,427 -3,171 -3,632
Repurchase of Common Equity		 -365 -210 -168 -108 -255 -268 -408 -190 -166 -300 -331
Payment of Dividends		 -52 -55 -60 -65 -67 -67 -66 -65 -68 -68 -66
Other Financing Activities, Net		 1,222 1,387 1,446 1,589 1,743 1,620 2,405 3,023 2,186 3,932 3,219
Cash Income Taxes Paid		 - - -77 - -2.40 - - - 59 55 38

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -14 310 -236 339 253 752 -973 -209 426 -258 171
Net Cash From Operating Activities		 183 177 95 111 231 191 137 146 198 196 149
Net Cash From Continuing Operating Activities		 183 177 95 111 231 191 137 148 198 233 149
Net Income / (Loss) Continuing Operations		 - - 0.00 - - - 0.00 - - - 0.00
Non-Cash Adjustments to Reconcile Net Income		 183 177 95 111 231 191 137 148 198 233 149
Net Cash From Investing Activities		 -393 73 -24 -1,146 -168 -151 -538 -122 -106 -901 -184
Net Cash From Continuing Investing Activities		 -393 73 -24 -1,146 -168 -151 -538 -122 -106 -901 -184
Purchase of Investment Securities		 -997 -687 -1,060 -2,410 -1,903 -1,518 -1,640 -1,992 -1,661 -3,170 -4,834
Sale and/or Maturity of Investments		 612 766 1,039 1,267 1,735 1,374 1,105 1,869 1,554 2,271 4,655
Other Investing Activities, net		 -7.70 -6.30 -2.50 -3.20 -0.50 -7.30 -3.40 - - - -4.60
Net Cash From Financing Activities		 232 57 -310 1,377 190 713 -571 -232 334 447 206
Net Cash From Continuing Financing Activities		 196 61 -307 1,381 194 716 -568 -232 345 436 210
Issuance of Debt		 250 100 222 706 68 584 235 292 250 - 450
Issuance of Common Equity		 2.50 2.10 2.80 1.00 4.30 3.10 6.50 0.60 2.50 2.00 5.60
Repayment of Debt		 -501 -529 -979 -581 -771 -839 -1,256 -1,064 -793 -519 -716
Repurchase of Common Equity		 -40 -70 -59 -60 -90 -92 -110 -100 -61 -60 -73
Payment of Dividends		 -17 -17 -17 -17 -17 -16 -17 -17 -16 -16 -17
Other Financing Activities, Net		 502 574 524 1,332 1,000 1,076 574 656 963 1,029 561

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 2025
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 12/31/2025
Total Assets		 31,125 31,975 33,110 31,440 33,631 35,340 36,204 33,133 35,027 37,849 38,791
Cash and Due from Banks		 797 668 757 657 655 0.00 732 645 889 1,998 984
Trading Account Securities		 20,608 22,044 23,636 18,972 21,583 0.00 25,164 20,697 320 577 24,571
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 0.00
Accrued Investment Income		 237 240 246 205 206 0.00 216 236 252 286 286
Deferred Acquisition Cost		 1,083 1,045 1,027 1,323 1,216 1,028 1,112 1,771 1,944 2,159 2,397
Separate Account Business Assets		 4.70 4.70 5.00 4.40 4.20 0.00 3.90 2.70 3.10 3.30 2.80
Other Assets		 6,674 6,206 5,789 8,677 8,401 5,033 8,977 9,782 31,620 32,827 10,550
Total Liabilities & Shareholders' Equity		 31,125 31,975 33,110 31,440 33,631 0.00 36,204 33,133 35,027 37,849 38,791
Total Liabilities		 26,987 27,488 28,263 28,069 28,954 29,856 30,945 31,364 32,812 35,334 36,152
Long-Term Debt		 4,136 4,223 3,972 3,980 3,786 0.00 4,001 3,883 4,151 4,520 4,052
Claims and Claim Expense		 488 501 530 522 522 562 502 64 62 61 58
Future Policy Benefits		 10,602 10,953 11,521 11,154 11,499 11,744 11,671 11,240 12,188 11,706 11,898
Unearned Premiums Liability		 286 283 262 254 261 0.00 247 235 219 227 228
Participating Policy Holder Equity		 - - - - - 12,541 13,690 15,234 15,223 17,594 18,913
Separate Account Business Liabilities		 4.70 4.70 5.00 4.40 4.20 0.00 3.90 2.70 3.10 3.30 2.80
Other Long-Term Liabilities		 11,470 11,524 11,973 12,155 12,883 0.00 831 705 966 1,223 1,001
Commitments & Contingencies		 0.00 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 2,515 2,638
Total Preferred & Common Equity		 4,139 4,487 4,848 3,371 4,677 5,484 5,260 1,769 2,216 2,515 2,638
Total Common Equity		 4,139 4,487 4,848 3,371 4,677 2,938 5,260 1,769 2,216 2,515 2,638
Common Stock		 3,389 3,214 3,075 2,997 2,769 0.00 2,185 2,035 1,893 1,634 1,337
Retained Earnings		 347 651 560 197 536 752 1,127 1,691 1,900 2,253 2,416
Accumulated Other Comprehensive Income / (Loss)		 403 622 1,212 178 1,373 2,186 1,947 -1,957 -1,577 -1,371 -1,115

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 Q2 2025 Q3 2025 Q1 2026
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 6/30/2025 9/30/2025 3/31/2026
Total Assets		 33,037 34,015 34,054 33,507 34,940 36,290 37,645 37,436 37,329 38,296 38,963
Cash and Due from Banks		 554 522 562 583 650 992 1,245 1,025 816 1,242 1,154
Trading Account Securities		 20,660 21,421 21,275 20,622 341 22,943 24,063 23,940 23,743 24,079 24,494
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 0.00
Accrued Investment Income		 236 241 242 252 252 263 276 290 279 282 284
Deferred Acquisition Cost		 1,886 1,811 1,858 1,898 1,992 2,047 2,101 2,210 2,276 2,344 2,441
Separate Account Business Assets		 2.70 2.80 3.00 2.90 3.30 3.20 3.30 3.10 2.90 2.70 2.70
Other Assets		 9,699 10,016 10,114 10,150 31,701 10,042 9,957 9,969 10,212 10,347 10,587
Total Liabilities & Shareholders' Equity		 33,037 34,015 34,054 33,507 34,940 36,290 37,645 37,436 37,329 38,296 38,963
Total Liabilities		 31,739 31,983 32,058 31,617 32,572 33,861 34,958 34,906 34,806 35,685 36,465
Long-Term Debt		 3,894 4,044 3,980 4,148 3,896 4,523 4,305 4,398 4,129 4,051 4,302
Claims and Claim Expense		 454 68 65 61 65 60 60 64 61 62 59
Future Policy Benefits		 11,748 11,623 11,480 10,830 11,737 11,479 12,180 11,773 11,788 11,976 11,722
Unearned Premiums Liability		 238 244 234 221 226 221 217 222 217 215 225
Participating Policy Holder Equity		 14,654 15,303 15,388 15,482 15,737 16,638 17,241 17,346 17,609 18,290 18,997
Separate Account Business Liabilities		 2.70 2.80 3.00 2.90 3.30 3.20 3.30 3.10 2.90 2.70 2.70
Other Long-Term Liabilities		 749 699 909 873 909 938 952 1,101 1,000 1,090 1,157
Commitments & Contingencies		 0.00 0.00 0.00 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 2,523 2,611 2,498
Total Preferred & Common Equity		 1,298 2,032 1,996 1,890 2,368 2,429 2,688 2,531 2,523 2,611 2,498
Total Common Equity		 1,298 2,032 1,996 1,890 2,368 2,429 2,688 2,531 2,523 2,611 2,498
Common Stock		 2,032 2,022 1,999 1,966 1,852 1,799 1,717 1,536 1,442 1,390 1,279
Retained Earnings		 1,432 1,674 1,730 1,880 1,996 2,095 2,087 2,234 2,333 2,340 2,437
Accumulated Other Comprehensive Income / (Loss)		 -2,166 -1,664 -1,734 -1,957 -1,480 -1,464 -1,116 -1,239 -1,253 -1,119 -1,218

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 2025
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 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
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 $2.35
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 97.76M
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 $2.30
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 99.82M
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		 179.59M 173.80M 166.88M 160.72M 146.28M 134.64M 118.47M 114.22M 108.99M 100.88M 94.28M
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 94,277,712.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 94,277,712.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 0.40
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 1.98% 19.55% 15.24% 3.81% 19.97% -6.47% -13.93% 9.02% 6.64% - 3.72%
EBITDA Growth		 -3.13% 2.14% 279.27% 39.38% -72.49% 162.67% -58.83% -11.98% 229.09% - 28.78%
EBIT Growth		 -5.40% -4.95% 14,720.00% 56.71% -94.90% 356.62% -87.89% -21.65% 229.09% - 74.10%
NOPAT Growth		 -4.89% -4.47% 16,142.86% 57.80% -94.44% 357.58% -87.80% -21.07% 148.39% - 75.35%
Net Income Growth		 -4.89% -4.47% 14,137.50% 57.80% -94.44% 357.58% -87.80% -21.07% 148.39% - 75.35%
EPS Growth		 -3.95% -6.06% 10,200.00% 65.63% -93.84% 409.68% -87.13% -14.15% 166.67% - 85.71%
Operating Cash Flow Growth		 9.13% 9.82% 15.51% -21.63% 26.48% 8.09% 44.50% 31.20% -14.45% - 8.85%
Free Cash Flow Firm Growth		 -116.00% -118.60% -104.92% -501.92% -39.16% 28.34% -768.53% 145.56% 137.41% - 125.73%
Invested Capital Growth		 16.31% 12.64% 3.08% 16.33% 15.81% 10.24% 10.62% -4.31% -4.73% - -1.85%
Revenue Q/Q Growth		 -8.32% 25.08% -0.95% -8.60% 5.95% -2.49% -8.85% 15.77% 3.63% - -10.20%
EBITDA Q/Q Growth		 79.22% -61.48% 96.86% 2.56% -64.62% 267.73% -69.14% 119.27% -80.60% - 0.91%
EBIT Q/Q Growth		 124.35% -78.62% 217.14% 3.01% -92.70% 1,813.64% -91.59% 566.67% -69.32% - -60.16%
NOPAT Q/Q Growth		 127.00% -78.30% 209.37% 3.56% -92.00% 1,686.02% -91.75% 570.07% -74.84% - -62.56%
Net Income Q/Q Growth		 127.00% -78.30% 209.37% 3.56% -92.00% 1,686.02% -91.75% 570.07% -74.84% - -62.56%
EPS Q/Q Growth		 128.13% -78.77% 225.81% 4.95% -91.51% 1,655.56% -91.77% 600.00% -73.63% - -61.76%
Operating Cash Flow Q/Q Growth		 29.19% -3.34% -46.46% 17.23% 108.48% -17.39% -28.43% 6.44% 35.95% - -23.97%
Free Cash Flow Firm Q/Q Growth		 -417.73% 0.16% 88.94% -1,045.73% -10.01% 48.59% -34.03% 160.10% -9.68% - -62.86%
Invested Capital Q/Q Growth		 1.04% 5.43% -1.62% 10.99% 0.59% 0.37% -1.28% -3.99% 0.15% - 1.65%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 30.81% 9.49% 18.85% 21.16% 7.06% 26.64% 9.02% 17.08% 3.20% - 12.53%
EBIT Margin		 24.36% 4.17% 13.34% 15.03% 1.04% 20.33% 1.88% 10.80% 3.20% - 4.95%
Profit (Net Income) Margin		 18.91% 3.28% 10.24% 11.61% 0.88% 16.05% 1.45% 8.40% 2.04% - 3.85%
Tax Burden Percent		 77.60% 78.74% 76.81% 77.22% 84.55% 78.91% 77.40% 77.80% 63.81% - 77.89%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% - 100.00%
Effective Tax Rate		 22.40% 21.26% 23.19% 22.78% 15.45% 21.09% 22.60% 22.20% 36.19% - 22.11%
Return on Invested Capital (ROIC)		 12.55% 2.13% 6.73% 7.34% 0.57% 10.06% 0.89% 5.11% 1.26% - 2.41%
ROIC Less NNEP Spread (ROIC-NNEP)		 12.55% 2.13% 6.73% 7.34% 0.57% 10.06% 0.89% 5.11% 1.26% - 2.41%
Return on Net Nonoperating Assets (RNNOA)		 31.66% 4.30% 12.14% 14.11% 1.06% 18.50% 1.51% 8.92% 1.98% - 4.17%
Return on Equity (ROE)		 44.21% 6.43% 18.87% 21.46% 1.63% 28.56% 2.40% 14.03% 3.24% - 6.58%
Cash Return on Invested Capital (CROIC)		 -10.12% -7.29% 3.28% -8.41% -10.44% -3.71% -5.45% 8.54% 9.16% - 5.44%
Operating Return on Assets (OROA)		 2.73% 0.48% 1.57% 1.75% 0.12% 2.34% 0.21% 1.21% 0.35% - 0.56%
Return on Assets (ROA)		 2.12% 0.38% 1.20% 1.35% 0.11% 1.85% 0.16% 0.94% 0.23% - 0.43%
Return on Common Equity (ROCE)		 44.21% 6.43% 18.87% 21.46% 1.63% 28.56% 2.40% 14.03% 3.24% - 6.58%
Return on Equity Simple (ROE_SIMPLE)		 14.72% 0.00% 16.45% 17.79% 10.20% 0.00% 12.07% 11.13% 11.29% - 9.83%
Net Operating Profit after Tax (NOPAT)		 167 36 112 116 9.30 166 14 92 23 - 38
NOPAT Margin		 18.91% 3.28% 10.24% 11.61% 0.88% 16.05% 1.45% 8.40% 2.04% - 3.85%
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%
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		 75.64% 95.83% 86.66% 84.97% 98.96% 79.67% 98.12% 89.20% 96.80% - 95.05%
Earnings before Interest and Taxes (EBIT)		 216 46 146 151 11 211 18 118 36 - 48
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 273 105 207 212 75 276 85 187 36 - 123
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.39 1.38 1.29 1.24 1.38 1.54 1.66 1.52 1.47 - 1.55
Price to Tangible Book Value (P/TBV)		 1.39 1.38 1.29 1.24 1.38 1.54 1.66 1.52 1.47 - 1.55
Price to Revenue (P/Rev)		 0.70 0.78 0.76 0.73 0.87 0.92 1.04 0.93 0.91 - 0.90
Price to Earnings (P/E)		 9.43 11.09 7.87 6.94 13.54 9.51 13.76 13.62 13.01 - 15.77
Dividend Yield		 2.50% 2.16% 2.20% 2.20% 1.77% 1.69% 1.54% 1.68% 1.67% - 1.66%
Earnings Yield		 10.61% 9.02% 12.71% 14.40% 7.39% 10.52% 7.27% 7.34% 7.69% - 6.34%
Enterprise Value to Invested Capital (EV/IC)		 1.02 0.99 1.01 0.94 0.97 0.91 1.09 1.07 1.00 - 1.03
Enterprise Value to Revenue (EV/Rev)		 1.66 1.62 1.56 1.60 1.59 1.52 1.87 1.73 1.58 - 1.63
Enterprise Value to EBITDA (EV/EBITDA)		 10.63 10.83 8.57 8.20 11.31 8.27 11.69 11.47 17.37 - 11.72
Enterprise Value to EBIT (EV/EBIT)		 17.23 17.73 12.52 11.69 19.14 12.28 19.43 19.98 17.37 - 22.35
Enterprise Value to NOPAT (EV/NOPAT)		 22.24 22.88 16.20 15.11 24.70 15.75 24.80 25.41 22.54 - 28.59
Enterprise Value to Operating Cash Flow (EV/OCF)		 10.91 10.86 10.60 11.56 11.04 10.14 11.31 10.13 9.90 - 10.20
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 31.19 0.00 0.00 0.00 0.00 12.29 10.63 - 18.80
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 2.19 1.87 1.65 1.86 1.60 1.81 1.74 1.64 1.55 - 1.72
Long-Term Debt to Equity		 2.19 1.87 1.65 1.86 1.60 1.81 1.74 1.64 1.55 - 1.72
Financial Leverage		 2.52 2.02 1.80 1.92 1.85 1.84 1.69 1.75 1.58 - 1.73
Leverage Ratio		 20.87 17.11 15.67 15.90 15.54 15.46 14.78 14.87 14.33 - 15.19
Compound Leverage Factor		 20.87 17.11 15.67 15.90 15.54 15.46 14.78 14.87 14.33 - 15.19
Debt to Total Capital		 68.70% 65.20% 62.20% 65.06% 61.56% 64.40% 63.48% 62.08% 60.81% - 63.26%
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		 68.70% 65.20% 62.20% 65.06% 61.56% 64.40% 63.48% 62.08% 60.81% - 63.26%
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		 31.30% 34.80% 37.80% 34.94% 38.44% 35.60% 36.52% 37.92% 39.19% - 36.74%
Debt to EBITDA		 7.13 7.10 5.29 5.68 7.19 5.87 6.79 6.63 10.59 - 7.18
Net Debt to EBITDA		 6.13 5.58 4.41 4.43 5.11 3.28 5.21 5.32 7.35 - 5.26
Long-Term Debt to EBITDA		 7.13 7.10 5.29 5.68 7.19 5.87 6.79 6.63 10.59 - 7.18
Debt to NOPAT		 14.91 15.01 10.00 10.46 15.70 11.19 14.40 14.70 13.75 - 17.52
Net Debt to NOPAT		 12.82 11.80 8.33 8.17 11.16 6.24 11.04 11.79 9.53 - 12.82
Long-Term Debt to NOPAT		 14.91 15.01 10.00 10.46 15.70 11.19 14.40 14.70 13.75 - 17.52
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)		 -679 -678 -75 -859 -945 -486 -651 392 354 - 166
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		 -10.85 -10.65 -1.25 -13.38 -13.90 -7.84 -10.51 6.62 6.25 - 3.25
Operating Cash Flow to Interest Expense		 2.92 2.77 1.57 1.73 3.40 3.08 2.20 2.46 3.49 - 2.92
Operating Cash Flow Less CapEx to Interest Expense		 2.92 2.77 1.57 1.73 3.40 3.08 2.20 2.46 3.49 - 2.92
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.11 0.11 0.12 0.12 0.12 0.12 0.11 0.11 0.11 - 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
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 6,038 6,366 6,263 6,952 6,993 7,018 6,928 6,652 6,662 - 6,801
Invested Capital Turnover		 0.66 0.65 0.66 0.63 0.65 0.63 0.61 0.61 0.62 - 0.63
Increase / (Decrease) in Invested Capital		 847 715 187 976 955 652 665 -300 -331 - -128
Enterprise Value (EV)		 6,188 6,328 6,310 6,532 6,772 6,363 7,575 7,138 6,643 - 7,019
Market Capitalization		 2,623 3,066 3,065 3,001 3,712 3,840 4,202 3,825 3,834 - 3,871
Book Value per Share		 $16.73 $19.75 $21.73 $22.44 $25.41 $24.21 $25.08 $25.45 $26.94 - $26.50
Tangible Book Value per Share		 $16.73 $19.75 $21.73 $22.44 $25.41 $24.21 $25.08 $25.45 $26.94 - $26.50
Total Capital		 6,038 6,366 6,263 6,952 6,993 7,018 6,928 6,652 6,662 - 6,801
Total Debt		 4,148 4,151 3,896 4,523 4,305 4,520 4,398 4,129 4,051 - 4,302
Total Long-Term Debt		 4,148 4,151 3,896 4,523 4,305 4,520 4,398 4,129 4,051 - 4,302
Net Debt		 3,565 3,262 3,246 3,531 3,060 2,522 3,373 3,313 2,810 - 3,148
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 0.00 0.00 0.00 - 0.00
Net Nonoperating Obligations (NNO)		 4,148 4,151 3,896 4,523 4,305 4,520 4,398 4,129 4,051 - 4,302
Total Depreciation and Amortization (D&A)		 57 59 61 61 64 65 67 69 0.00 - 74
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.48 $0.33 $1.03 $1.08 $0.09 $1.61 $0.14 $0.93 $0.24 $1.04 $0.40
Adjusted Weighted Average Basic Shares Outstanding		 112.69M 113.28M 108.96M 107.73M 105.10M 106.14M 100.74M 98.57M 96.60M 97.76M 94.08M
Adjusted Diluted Earnings per Share		 $1.46 $0.31 $1.01 $1.06 $0.09 $1.58 $0.13 $0.91 $0.24 $1.02 $0.39
Adjusted Weighted Average Diluted Shares Outstanding		 114.46M 115.12M 110.85M 109.26M 107.13M 108.12M 103.07M 100.39M 98.55M 99.82M 96.14M
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		 112.17M 108.99M 108.26M 105.76M 103.21M 100.88M 99.14M 96.93M 95.35M 94.28M 93.35M
Normalized Net Operating Profit after Tax (NOPAT)		 141 38 102 116 -4.31 142 26 83 85 - 46
Normalized NOPAT Margin		 15.94% 3.45% 9.28% 11.59% -0.41% 13.72% 2.71% 7.63% 7.49% - 4.70%
Pre Tax Income Margin		 24.36% 4.17% 13.34% 15.03% 1.04% 20.33% 1.88% 10.80% 3.20% - 4.95%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 3.44 0.72 2.43 2.35 0.16 3.40 0.29 2.00 0.64 - 0.95
NOPAT to Interest Expense		 2.67 0.57 1.87 1.81 0.14 2.68 0.22 1.55 0.41 - 0.74
EBIT Less CapEx to Interest Expense		 3.44 0.72 2.43 2.35 0.16 3.40 0.29 2.00 0.64 - 0.95
NOPAT Less CapEx to Interest Expense		 2.67 0.57 1.87 1.81 0.14 2.68 0.22 1.55 0.41 - 0.74
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 24.26% 24.63% 17.53% 15.76% 24.80% 16.76% 22.04% 23.78% 22.53% - 27.05%
Augmented Payout Ratio		 62.26% 84.70% 68.63% 68.76% 126.48% 91.06% 137.20% 163.40% 145.67% - 146.97%

Financials Breakdown Chart

Key Financial Trends

MarketBe analyzed CNO Financial Group, Inc. (NYSE: CNO) using the latest four years of quarterly statements. Here are the notable trends and points that could impact investors, with a focus on profitability, liquidity, and balance-sheet risk. Items are ordered with positives first, then neutral items, then negatives.

  • Q4 2025 net income attributable to common shareholders: $100,700,000; Basic EPS $1.04; Diluted EPS $1.02, marking a solid quarterly profit uptick.
  • Premiums Earned in Q4 2025: $662,200,000, continuing a steady 2025 upward trajectory (Q3 2025: $658.4M, Q2 2025: $651.3M, Q1 2025: $650.7M).
  • Net Realized & Unrealized Capital Gains on Investments in Q4 2025: $379,600,000, contributing meaningfully to non-interest income.
  • Total Non-Interest Income in Q4 2025: $1,143,100,000, reflecting a diversified revenue mix beyond underwriting.
  • Net Cash From Continuing Operating Activities in Q4 2025: $233,400,000, showing an improving and relatively healthy operating cash flow trend (Q3 2025: $197,500,000; Q2 2025: $148,300,000; Q1 2025: $134,200,000).
  • Invested asset base remains substantial: Trading Account Securities around $24.08B and Total Assets near $38.3B (as of 2025 Q3), signaling large liquidity and investment capacity.
  • Future Policy Benefits liabilities remain high (around $11.98B in 2025 period), a common characteristic for long-term insurers that warrants monitoring for reserve adequacy and capital planning.
  • Total Liabilities reported around $35.7B in 2025 Q3, indicating a high liability load relative to equity and potential regulatory capital sensitivity.
  • Net Change in Cash & Equivalents for Q4 2025 was negative at approximately $258.1 million, despite positive operating and financing activity in parts of the quarter, suggesting cash outflows tied to investing/financing activities.
05/18/26 11:28 PM ETAI Generated. May Contain Errors.

CNO Financial Group Financials - Frequently Asked Questions

According to the most recent income statement we have on file, CNO Financial Group's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

CNO Financial Group's net income appears to be on an upward trend, with a most recent value of $229.30 million in 2025, falling from $270.70 million in 2015. The previous period was $420.80 million in 2024. View CNO Financial Group's forecast to see where analysts expect CNO Financial Group to go next.

Over the last 10 years, CNO Financial Group's total revenue changed from $3.68 billion in 2015 to $4.26 billion in 2025, a change of 15.6%.

CNO Financial Group's total liabilities were at $36.15 billion at the end of 2025, a 2.3% increase from 2024, and a 34.0% increase since 2015.

In the past 10 years, CNO Financial Group's cash and equivalents has ranged from $0.00 in 2020 to $2.00 billion in 2024, and is currently $983.50 million as of their latest financial filing in 2025.


Related Companies

Financial statements for NYSE:CNO last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
From Our Partners
Trump's gold order: the announcement they won't put on the front page
On August 15, 1971, Nixon interrupted prime-time television and ended the gold standard in 15 minutes - no deb...
Reagan Gold Group | Sponsoredtc pixel
Iran's New Leader Just Said Something That Should Terrify Every American
Iran's Supreme Leader has declared the Strait of Hormuz closed as leverage against the U.S. - and with 40% of ...
American Alternative | Sponsoredtc pixel
Hey, it's Jon Najarian. The SpaceX IPO is right around the corner. But I discovered Elon may have something BIGGER planned. Check this out before June 9th...
After being invited to the SpaceX launch headquarters in Cape Canaveral from one of Elon's top lobbyists… Hall...
Banyan Hill Publishing | Sponsoredtc pixel
SpaceX eyes a 1.75 trillion valuation - here's what to know
Elon Musk's team has quietly filed confidential paperwork with the SEC for what Bloomberg estimates could be a...
Brownstone Research | Sponsoredtc pixel
The cat is out the bag
Almost 80,000 tech jobs vanished in the first three months of 2026. Meta cut 14,000 roles, Microsoft offered s...
Porter & Company | Sponsoredtc pixel
Before you buy SpaceX shares, consider this alternative approach
SpaceX has confidentially filed for an IPO with the SEC, targeting a June 2026 listing at a valuation exceedin...
Weiss Ratings | Sponsoredtc pixel
They're not telling you how bad this could get
Valuations are stretched to levels seen only a handful of times in the last hundred years — yet most retiremen...
Parkview Capital Group | Sponsoredtc pixel
Your $29.97 book is free today
Bill Poulos is giving away his 'Safe Trade Options Formula' book at no charge - the same book that sells for $...
Profits Run | Sponsoredtc pixel