8-K Announcements
6Apr 30, 2026·SEC
Feb 11, 2026·SEC
Feb 5, 2026·SEC
CNO Financial Group, Inc. (CNO) fundamental analysis — strengths, weaknesses & financial health based on data analysis
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
CNO Financial Group, Inc. (CNO) stock price & volume — 10-year historical chart
CNO Financial Group, Inc. (CNO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
CNO Financial Group, Inc. (CNO) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 30, 2026 | $1.29vs $0.91+41.8% | $1.0Bvs $1.0B+2.6% |
| Q1 2026 | Feb 5, 2026 | $1.47vs $1.20+22.5% | $1.1Bvs $1.0B+13.9% |
| Q4 2025 | Nov 3, 2025 | $0.96vs $1.21-20.7% | $1.2Bvs $1.0B+18.5% |
| Q3 2025 | Jul 28, 2025 | $0.87vs $0.85+2.4% | $1.2Bvs $975M+18.1% |
CNO Financial Group, Inc. (CNO) competitors in Individual life and final expense insurers — business model, growth, and fundamentals comparison
CNO Financial Group, Inc. (CNO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
CNO Financial Group, Inc. (CNO) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4.3B | 4.31B | 4.02B | 3.82B | 4.12B | 3.58B | 4.15B | 4.45B | 4.49B |
| Revenue Growth % | 7.74% | 0.28% | -6.9% | -4.85% | 7.88% | -13.23% | 15.94% | 7.21% | 0.94% |
| Medical Costs & Claims | 2.96B | 3.73B | 2.78B | 2.54B | 2.42B | 1.79B | 2.61B | 2.74B | 2.48B |
| Medical Cost Ratio % | 68.76% | 86.55% | 69.29% | 66.42% | 58.77% | 49.95% | 63.04% | 61.71% | 55.21% |
| Gross Profit | 1.34B▲ 0% | 580.2M▼ 56.8% | 1.23B▲ 112.5% | 1.28B▲ 4.1% | 1.7B▲ 32.4% | 1.79B▲ 5.3% | 1.53B▼ 14.4% | 1.7B▲ 11.1% | 2.01B▲ 18.1% |
| Gross Margin % | 31.24% | 13.45% | 30.71% | 33.58% | 41.23% | 50.05% | 36.96% | 38.29% | 44.79% |
| Gross Profit Growth % | 15.58% | -56.83% | 112.53% | 4.07% | 32.42% | 5.34% | -14.39% | 11.07% | 18.07% |
| Operating Expenses | 863.4M | 845M | 958.9M | 939M | 966.3M | 973.7M | 1.18B | 1.18B | 1.72B |
| OpEx / Revenue % | 20.07% | 19.59% | 23.88% | 24.57% | 23.44% | 27.22% | 28.35% | 26.63% | 38.25% |
| Depreciation & Amortization | 265.4M | 292.2M | 267.9M | 303.9M | 236.6M | 248.5M | 267.4M | 292.4M | 0 |
| Combined Ratio % | 88.83% | 106.14% | 93.17% | 90.99% | 82.22% | 77.17% | 91.4% | 88.34% | 93.46% |
| Operating Income | 480.5M▲ 0% | -264.8M▼ 155.1% | 274.2M▲ 203.5% | 344.3M▲ 25.6% | 733.1M▲ 112.9% | 816.5M▲ 11.4% | 356.8M▼ 56.3% | 518.3M▲ 45.3% | 293.4M▼ 43.4% |
| Operating Margin % | 11.17% | -6.14% | 6.83% | 9.01% | 17.78% | 22.83% | 8.6% | 11.66% | 6.54% |
| Operating Income Growth % | 36.04% | -155.11% | 203.55% | 25.57% | 112.92% | 11.38% | -56.3% | 45.26% | -43.39% |
| EBITDA | 745.9M | 27.4M | 542.1M | 648.2M | 969.7M | 1.06B | 624.2M | 810.7M | 524.3M |
| EBITDA Margin % | 17.34% | 0.64% | 13.5% | 16.96% | 23.52% | 29.78% | 15.05% | 18.24% | 11.68% |
| Interest Expense | 123.7M | 149.8M | 152.3M | 108.8M | 95.4M | 137M | 238.6M | 254.4M | 230.9M |
| Non-Operating Income | -123.7M | -149.8M | -152.3M | -108.8M | -95.4M | -137M | -238.6M | -254.4M | -230.9M |
| Pretax Income | 480.5M▲ 0% | -264.8M▼ 155.1% | 274.2M▲ 203.5% | 344.3M▲ 25.6% | 733.1M▲ 112.9% | 816.5M▲ 11.4% | 356.8M▼ 56.3% | 518.3M▲ 45.3% | 293.4M▼ 43.4% |
| Pretax Margin % | 11.17% | -6.14% | 6.83% | 9.01% | 17.78% | 22.83% | 8.6% | 11.66% | 6.54% |
| Income Tax | 304.9M | 50.2M | -135.2M | 42.5M | 162.8M | 185.9M | 80.3M | 114.3M | 64.1M |
| Effective Tax Rate % | 63.45% | -18.96% | -49.31% | 12.34% | 22.21% | 22.77% | 22.51% | 22.05% | 21.85% |
| Net Income | 175.6M▲ 0% | -315M▼ 279.4% | 409.4M▲ 230.0% | 301.8M▼ 26.3% | 570.3M▲ 89.0% | 630.6M▲ 10.6% | 276.5M▼ 56.2% | 404M▲ 46.1% | 229.3M▼ 43.2% |
| Net Margin % | 4.08% | -7.3% | 10.19% | 7.9% | 13.83% | 17.63% | 6.67% | 9.09% | 5.11% |
| Net Income Growth % | -50.98% | -279.38% | 229.97% | -26.28% | 88.97% | 10.57% | -56.15% | 46.11% | -43.24% |
| EPS (Diluted) | 1.02▲ 0% | -1.90▼ 286.3% | 2.61▲ 237.4% | 2.11▼ 19.2% | 3.36▲ 59.2% | 5.36▲ 59.5% | 2.40▼ 55.2% | 3.74▲ 55.8% | 2.35▼ 37.2% |
| EPS Growth % | -49.25% | -286.27% | 237.37% | -19.16% | 59.24% | 59.52% | -55.22% | 55.83% | -37.17% |
| EPS (Basic) | 1.03 | -1.90 | 2.62 | 2.12 | 3.43 | 5.45 | 2.44 | 3.81 | 2.35 |
| Diluted Shares Outstanding | 172.14M | 165.46M | 157.15M | 143.16M | 131.13M | 117.72M | 115.12M | 108.12M | 97.76M |
CNO Financial Group, Inc. (CNO) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 33.11B | 31.44B | 33.63B | 35.34B | 36.2B | 33.13B | 35.03B | 37.85B | 38.79B |
| Asset Growth % | 3.55% | -5.05% | 6.97% | 5.08% | 2.45% | -8.48% | 5.72% | 8.06% | 2.49% |
| Total Investment Assets | 27.85B | 23B | 25.58B | 27.58B | 51.17B | 24.34B | 768.6M | 27.87B | 30B |
| Long-Term Investments | 25.23B | 20.44B | 22.77B | 24.96B | 26.36B | 3.78B | -20.74B | 4.84B | 22.08B |
| Short-Term Investments | 22.91B | 18.45B | 21.3B | 23.38B | 24.81B | 20.56B | 21.51B | 23.03B | 7.92B |
| Total Current Assets | 578M | 594M | 0 | 0 | 29.38B | 26.73B | 0 | 29.99B | 13.58B |
| Cash & Equivalents | 178.9M | 62.4M | 74.7M | 54.1M | 99.6M | 69.2M | 774.5M | 1.66B | 956.1M |
| Receivables | 0 | 0 | 5.22B | 4.78B | 4.47B | 5.52B | 4.98B | 4.96B | 4.68B |
| Other Current Assets | 0 | 0 | -26.59B | -28.22B | 0 | 575.7M | -27.26B | 341M | 27.4M |
| Goodwill & Intangibles | 1.39B | 1.67B | 0 | 0 | 1.33B | 1.97B | 2.13B | 2.32B | 2.54B |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 1.39B | 1.67B | 0 | 0 | 1.33B | 1.97B | 2.13B | 2.32B | 2.54B |
| PP&E (Net) | -1.39B | -2.7B | 0 | 0 | 48.2M | 0 | 85.3M | 0 | 0 |
| Other Assets | -20.56B | -12.86B | -22.77B | -24.96B | -1.38B | 648.8M | 52.42B | 703.2M | 590.9M |
| Total Liabilities | 28.26B | 28.07B | 28.95B | 29.86B | 30.94B | 31.36B | 32.81B | 35.33B | 36.15B |
| Total Debt | 3.97B | 3.98B | 3.79B | 3.93B | 4B | 3.88B | 4.15B | 4.52B | 4.05B |
| Net Debt | 3.79B | 3.92B | 3.71B | 3.88B | 3.9B | 3.81B | 3.38B | 2.86B | 3.1B |
| Long-Term Debt | 3.97B | 3.98B | 3.79B | 3.93B | 4B | 3.88B | 4.15B | 4.52B | 4.05B |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 24.29B | 24.09B | 0 | 0 | 8.4M | 15.47B | 0 | 17.82B | 19.14B |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 235M | 0 | 226.8M | 228M |
| Other Current Liabilities | 24.29B | 24.09B | 0 | 0 | 8.4M | 15.23B | 0 | 17.59B | 18.91B |
| Deferred Taxes | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 0 | 0 | -3.79B | -3.93B | 0 | 12.01B | 28.66B | 12.99B | 12.96B |
| Total Equity | 4.85B▲ 0% | 3.37B▼ 30.5% | 4.68B▲ 38.7% | 5.48B▲ 17.3% | 5.26B▼ 4.1% | 1.77B▼ 66.4% | 2.22B▲ 25.3% | 2.52B▲ 13.5% | 2.64B▲ 4.9% |
| Equity Growth % | 8.04% | -30.46% | 38.75% | 17.26% | -4.09% | -66.37% | 25.26% | 13.52% | 4.89% |
| Shareholders Equity | 4.85B | 3.37B | 4.68B | 5.48B | 5.26B | 1.77B | 2.22B | 2.52B | 2.64B |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 765.8M | 196.6M | 535.7M | 752.3M | 1.13B | 1.69B | 1.9B | 2.25B | 2.42B |
| Common Stock | 1.7M | 1.6M | 1.5M | 1.3M | 1.2M | 1.1M | 1.1M | 1M | 900K |
| Accumulated OCI | 1.01B | 177.7M | 1.37B | 2.19B | 1.95B | -1.96B | -1.58B | -1.37B | -1.11B |
| Return on Equity (ROE) | 3.76% | -7.67% | 10.17% | 5.94% | 10.62% | 17.94% | 13.88% | 17.08% | 8.9% |
| Return on Assets (ROA) | 0.54% | -0.98% | 1.26% | 0.88% | 1.59% | 1.82% | 0.81% | 1.11% | 0.6% |
| Equity / Assets | 14.64% | 10.72% | 13.91% | 15.52% | 14.53% | 5.34% | 6.33% | 6.65% | 6.8% |
| Debt / Equity | 0.82x | 1.18x | 0.81x | 0.72x | 0.76x | 2.20x | 1.87x | 1.80x | 1.54x |
| Book Value per Share | 28.16 | 20.37 | 29.76 | 38.31 | 40.11 | 15.03 | 19.25 | 23.26 | 26.99 |
| Tangible BV per Share | 20.11 | 10.30 | 29.76 | 38.31 | 29.93 | -1.75 | 0.79 | 1.81 | 1.00 |
CNO Financial Group, Inc. (CNO) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 613.1M | 317.8M | 696.7M | 735.5M | 598.3M | 495.4M | 582.9M | 627.7M | 675.7M |
| Operating CF Growth % | -19.28% | -48.17% | 119.23% | 5.57% | -18.65% | -17.2% | 17.66% | 7.69% | 7.65% |
| Operating CF / Revenue % | 14.25% | 7.37% | 17.35% | 19.25% | 14.51% | 13.85% | 14.06% | 14.12% | 15.06% |
| Net Income | 175.6M | -315M | 278M | 301.8M | 570.3M | 630.6M | 276.5M | 404M | 229.3M |
| Depreciation & Amortization | 265.4M | 292.2M | 267.9M | 303.9M | 236.6M | 248.5M | 267.4M | 292.4M | 318.5M |
| Stock-Based Compensation | 21.4M | 24.7M | 18.8M | 0 | 25.2M | 0 | 0 | 0 | 0 |
| Deferred Taxes | 227.5M | 18.4M | -132.8M | 14.1M | 146.5M | 152M | 21.1M | 59.1M | 0 |
| Other Non-Cash Items | -233.7M | 728.2M | -367.6M | -281.9M | -726.5M | -161M | -431.8M | -684.1M | -490.2M |
| Working Capital Changes | 464.7M | 207.8M | 632.4M | 397.6M | 346.2M | -374.7M | 449.7M | 556.3M | 618.1M |
| Cash from Investing | -239.6M | -525.7M | -555.6M | -608.4M | -1.53B | -1.78B | -872.3M | -1.49B | -1.67B |
| Capital Expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchase of Investments | -6.14B | -6.21B | -5.59B | -4.28B | -6.15B | -6.52B | -3.62B | -6.89B | -8.46B |
| Sale/Maturity of Investments | 5.92B | 5.71B | 5.14B | 3.71B | 4.7B | 4.8B | 2.79B | 5.42B | 6.8B |
| Other Investing | -19.5M | -25M | -102M | -39.8M | -75.3M | -61.2M | -36.6M | -13.5M | -3.2M |
| Cash from Financing | -274M | 107.2M | -143M | 210.1M | 667.6M | 1.2B | 533.5M | 1.97B | -22.6M |
| Dividends Paid | -59.6M | -64.8M | -67.1M | -67M | -65.7M | -64.8M | -68.1M | -67.7M | -66.2M |
| Share Repurchases | -168.3M | -108M | -254.5M | -268.3M | -407.8M | -190.1M | -166.1M | -300.2M | -331.4M |
| Stock Issued | 8.3M | 3.9M | 9.2M | 19M | 21.5M | 13.5M | 13.2M | 11.2M | 11.6M |
| Debt Issuance (Net) | -1000K | -100K | -1000K | 1000K | 1000K | -1000K | 1000K | 1000K | -1000K |
| Other Financing | 213.3M | 276.2M | 379.2M | 384.5M | 1.05B | 1.56B | 495.8M | 1.96B | 833M |
| Net Change in Cash | 99.5M▲ 0% | -100.7M▼ 201.2% | -1.9M▲ 98.1% | 337.2M▲ 17847.4% | -260.2M▼ 177.2% | -86.8M▲ 66.6% | 244.1M▲ 381.2% | 1.11B▲ 354.2% | -1.01B▼ 191.5% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 478.9M | 757.3M | 656.6M | 654.7M | 991.9M | 731.7M | 644.9M | 889M | 2B |
| Cash at End | 578.4M | 656.6M | 654.7M | 991.9M | 731.7M | 644.9M | 889M | 2B | 983.5M |
| Free Cash Flow | 613.1M▲ 0% | 317.8M▼ 48.2% | 696.7M▲ 119.2% | 735.5M▲ 5.6% | 598.3M▼ 18.7% | 495.4M▼ 17.2% | 582.9M▲ 17.7% | 627.7M▲ 7.7% | 675.7M▲ 7.6% |
| FCF Growth % | -19.28% | -48.17% | 119.23% | 5.57% | -18.65% | -17.2% | 17.66% | 7.69% | 7.65% |
| FCF Margin % | 14.25% | 7.37% | 17.35% | 19.25% | 14.51% | 13.85% | 14.06% | 14.12% | 15.06% |
| FCF per Share | 3.56 | 1.92 | 4.43 | 5.14 | 4.56 | 4.21 | 5.06 | 5.81 | 6.91 |
CNO Financial Group, Inc. (CNO) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Combined Ratio | 91.15% | 88.83% | 106.14% | 93.17% | 90.99% | 82.22% | 77.17% | 91.4% | 88.34% | 93.46% |
| Medical Cost Ratio | 70.88% | 68.76% | 86.55% | 69.29% | 66.42% | 58.77% | 49.95% | 63.04% | 61.71% | 55.21% |
| Return on Equity (ROE) | 8.31% | 3.76% | -7.67% | 10.17% | 5.94% | 10.62% | 17.94% | 13.88% | 17.08% | 8.9% |
| Return on Assets (ROA) | 1.14% | 0.54% | -0.98% | 1.26% | 0.88% | 1.59% | 1.82% | 0.81% | 1.11% | 0.6% |
| Equity / Assets | 14.03% | 14.64% | 10.72% | 13.91% | 15.52% | 14.53% | 5.34% | 6.33% | 6.65% | 6.8% |
| Book Value / Share | 25.16 | 28.16 | 20.37 | 29.76 | 38.31 | 40.11 | 15.03 | 19.25 | 23.26 | 26.99 |
| Debt / Equity | 0.94x | 0.82x | 1.18x | 0.81x | 0.72x | 0.76x | 2.20x | 1.87x | 1.80x | 1.54x |
| Revenue Growth | 5.05% | 7.74% | 0.28% | -6.9% | -4.85% | 7.88% | -13.23% | 15.94% | 7.21% | 0.94% |
CNO Financial Group, Inc. (CNO) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 30, 2026·SEC
Feb 11, 2026·SEC
Feb 5, 2026·SEC
CNO Financial Group, Inc. (CNO) stock FAQ — growth, dividends, profitability & financials explained
CNO Financial Group, Inc. (CNO) grew revenue by 0.9% over the past year. Growth has been modest.
Yes, CNO Financial Group, Inc. (CNO) is profitable, generating $221.5M in net income for fiscal year 2025 (5.1% net margin).
Yes, CNO Financial Group, Inc. (CNO) pays a dividend with a yield of 1.48%. This makes it attractive for income-focused investors.
CNO Financial Group, Inc. (CNO) has a return on equity (ROE) of 8.9%. This is below average, suggesting room for improvement.
CNO Financial Group, Inc. (CNO) has a combined ratio of 93.5%. A ratio below 100% indicates underwriting profitability.
CNO Financial Group, Inc. (CNO) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates