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CNOCNO Financial Group, Inc.
$50.83$4.8B
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CNO logoCNO Financial Group, Inc.(CNO)Earnings, Financials & Key Ratios

CNO•NYSE•Insurance & Managed Care
21.6× P/E·Price updated Jun 19, 2026
SectorFinancial ServicesIndustryLife InsuranceSub-IndustryIndividual life and final expense insurers
AboutCNO Financial Group, Inc., through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, and other insurance products for senior and middle-income markets in the United States. It offers Medicare supplement, supplemental health, and long-term care insurance policies; life insurance; and annuities, as well as Medicare advantage plans to individuals through phone, online, mail, and face-to-face. The company also focuses on worksite and group sales for businesses, associations, and other membership groups by interacting with customers at their place of employment. In addition, it provides fixed index annuities; fixed interest annuities, including fixed rate single and flexible premium deferred annuities; single premium immediate annuities; supplemental health products, such as specified disease, accident, and hospital indemnity products; and long-term care plans primarily to retirees and older self-employed individuals in the middle-income market. Further, the company offers universal life and other interest-sensitive life products; and traditional life policies that include whole life, graded benefit life, term life, and single premium whole life products, as well as graded benefit life insurance products. CNO Financial Group, Inc. markets its products under the Bankers Life, Washington National, and Colonial Penn brand names. The company sells its products through agents, independent producers, and direct marketing. CNO Financial Group, Inc. was founded in 1979 and is headquartered in Carmel, Indiana.Show more
  • Revenue$4.49B+0.9%
  • Combined Ratio93.46%+5.8%
  • Net Income$229M-43.2%
  • Return on Equity8.9%-47.9%
  • Medical Cost Ratio55.21%-10.5%
  • Operating Margin6.54%-43.9%
  • Net Margin5.11%-43.8%
  • ROA0.6%-46.0%
  • Equity / Assets6.8%+2.3%

CNO Key Insights

CNO Financial Group, Inc. (CNO) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Profitable underwriting: 93.5% combined ratio
  • ✓14 consecutive years of dividend growth
  • ✓Low loss ratio of 55.2%
  • ✓Share count reduced 9.6% through buybacks
  • ✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

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CNO Price & Volume

CNO Financial Group, Inc. (CNO) stock price & volume — 10-year historical chart

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CNO Growth Metrics

CNO Financial Group, Inc. (CNO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years1.68%
5 Years3.27%
3 Years7.85%
TTM0.94%

Profit CAGR

10 Years-1.65%
5 Years-5.35%
3 Years-28.62%
TTM-45.17%

EPS CAGR

10 Years5.39%
5 Years2.18%
3 Years-24.03%
TTM-40.89%

Return on Capital

10 Years1.86%
5 Years2.08%
3 Years1.77%
Last Year1.48%

CNO Recent Earnings

CNO Financial Group, Inc. (CNO) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 12/12 qtrs (100%)
Q2 2026Latest
Apr 30, 2026
Metric
Actual
Est
EPS
$1.29+41.8%
$0.91
Rev
$1.0B+2.6%
$1.0B
Q1 2026
Feb 5, 2026
Metric
Actual
Est
EPS
$1.47+22.5%
$1.20
Rev
$1.1B+13.9%
$1.0B
Q4 2025
Nov 3, 2025
Metric
Actual
Est
EPS
$0.96-20.7%
$1.21
Rev
$1.2B+18.5%
$1.0B
Q3 2025
Jul 28, 2025
Metric
Actual
Est
EPS
$0.87+2.4%
$0.85
Rev
$1.2B+18.1%
$975M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 30, 2026
$1.29vs $0.91+41.8%
$1.0Bvs $1.0B+2.6%
Q1 2026Feb 5, 2026
$1.47vs $1.20+22.5%
$1.1Bvs $1.0B+13.9%
Q4 2025Nov 3, 2025
$0.96vs $1.21-20.7%
$1.2Bvs $1.0B+18.5%
Q3 2025Jul 28, 2025
$0.87vs $0.85+2.4%
$1.2Bvs $975M+18.1%
Based on last 12 quarters of dataView full earnings history →

CNO Peer Comparison

CNO Financial Group, Inc. (CNO) competitors in Individual life and final expense insurers — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
GL logoGLGlobe Life Inc.Direct Competitor13.4B170.7612.153.82%19.36%20.64%0.44
FG logoFGF&G Annuities & Life, Inc.Direct Competitor3.73B27.4914.625.72%9.11%11.15%0.45
CRBG logoCRBGCorebridge Financial, Inc.Direct Competitor13.33B29.18-42.917.88%3.94%1.85%0.78
PFG logoPFGPrincipal Financial Group, Inc.Direct Competitor23.74B109.5720.87-3.11%7.58%9.89%0.34
LNC logoLNCLincoln National CorporationDirect Competitor7.11B37.176.361.24%9.14%16.79%0.59
RLI logoRLIRLI Corp.Direct Competitor4.88B53.0912.186.33%20.8%22%0.06
MET logoMETMetLife, Inc.Product Competitor55.8B85.5817.8310.22%4.7%12.72%0.70
PRU logoPRUPrudential Financial, Inc.Product Competitor37.05B106.5310.42-14.01%5.62%10.26%0.65

Compare CNO vs Peers

CNO Financial Group, Inc. (CNO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs GL

Most directly comparable listed peer for CNO.

Scale Benchmark

vs BLK

Larger-name benchmark to compare CNO against a more recognizable public peer.

Peer Set

Compare Top 5

vs GL, FG, CRBG, PFG

CNO Income Statement

CNO Financial Group, Inc. (CNO) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Revenue
4.3B4.31B4.02B3.82B4.12B3.58B4.15B4.45B4.49B
Revenue Growth %
7.74%0.28%-6.9%-4.85%7.88%-13.23%15.94%7.21%0.94%
Medical Costs & Claims
2.96B3.73B2.78B2.54B2.42B1.79B2.61B2.74B2.48B
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
863.4M845M958.9M939M966.3M973.7M1.18B1.18B1.72B
OpEx / Revenue %
20.07%19.59%23.88%24.57%23.44%27.22%28.35%26.63%38.25%
Depreciation & Amortization
265.4M292.2M267.9M303.9M236.6M248.5M267.4M292.4M0
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
745.9M27.4M542.1M648.2M969.7M1.06B624.2M810.7M524.3M
EBITDA Margin %
17.34%0.64%13.5%16.96%23.52%29.78%15.05%18.24%11.68%
Interest Expense
123.7M149.8M152.3M108.8M95.4M137M238.6M254.4M230.9M
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
304.9M50.2M-135.2M42.5M162.8M185.9M80.3M114.3M64.1M
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)
1.03-1.902.622.123.435.452.443.812.35
Diluted Shares Outstanding
172.14M165.46M157.15M143.16M131.13M117.72M115.12M108.12M97.76M

CNO Balance Sheet

CNO Financial Group, Inc. (CNO) balance sheet — assets, liabilities & shareholders' equity

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Total Assets
33.11B31.44B33.63B35.34B36.2B33.13B35.03B37.85B38.79B
Asset Growth %
3.55%-5.05%6.97%5.08%2.45%-8.48%5.72%8.06%2.49%
Total Investment Assets
27.85B23B25.58B27.58B51.17B24.34B768.6M27.87B30B
Long-Term Investments
25.23B20.44B22.77B24.96B26.36B3.78B-20.74B4.84B22.08B
Short-Term Investments
22.91B18.45B21.3B23.38B24.81B20.56B21.51B23.03B7.92B
Total Current Assets
578M594M0029.38B26.73B029.99B13.58B
Cash & Equivalents
178.9M62.4M74.7M54.1M99.6M69.2M774.5M1.66B956.1M
Receivables
005.22B4.78B4.47B5.52B4.98B4.96B4.68B
Other Current Assets
00-26.59B-28.22B0575.7M-27.26B341M27.4M
Goodwill & Intangibles
1.39B1.67B001.33B1.97B2.13B2.32B2.54B
Goodwill
000000000
Intangible Assets
1.39B1.67B001.33B1.97B2.13B2.32B2.54B
PP&E (Net)
-1.39B-2.7B0048.2M085.3M00
Other Assets
-20.56B-12.86B-22.77B-24.96B-1.38B648.8M52.42B703.2M590.9M
Total Liabilities
28.26B28.07B28.95B29.86B30.94B31.36B32.81B35.33B36.15B
Total Debt
3.97B3.98B3.79B3.93B4B3.88B4.15B4.52B4.05B
Net Debt
3.79B3.92B3.71B3.88B3.9B3.81B3.38B2.86B3.1B
Long-Term Debt
3.97B3.98B3.79B3.93B4B3.88B4.15B4.52B4.05B
Short-Term Debt
000000000
Total Current Liabilities
24.29B24.09B008.4M15.47B017.82B19.14B
Accounts Payable
000000000
Deferred Revenue
00000235M0226.8M228M
Other Current Liabilities
24.29B24.09B008.4M15.23B017.59B18.91B
Deferred Taxes
1000K1000K0000000
Other Liabilities
00-3.79B-3.93B012.01B28.66B12.99B12.96B
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
4.85B3.37B4.68B5.48B5.26B1.77B2.22B2.52B2.64B
Minority Interest
000000000
Retained Earnings
765.8M196.6M535.7M752.3M1.13B1.69B1.9B2.25B2.42B
Common Stock
1.7M1.6M1.5M1.3M1.2M1.1M1.1M1M900K
Accumulated OCI
1.01B177.7M1.37B2.19B1.95B-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
0.82x1.18x0.81x0.72x0.76x2.20x1.87x1.80x1.54x
Book Value per Share
28.1620.3729.7638.3140.1115.0319.2523.2626.99
Tangible BV per Share
20.1110.3029.7638.3129.93-1.750.791.811.00

CNO Cash Flow Statement

CNO Financial Group, Inc. (CNO) cash flow — operating, investing & free cash flow history

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations
613.1M317.8M696.7M735.5M598.3M495.4M582.9M627.7M675.7M
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-315M278M301.8M570.3M630.6M276.5M404M229.3M
Depreciation & Amortization
265.4M292.2M267.9M303.9M236.6M248.5M267.4M292.4M318.5M
Stock-Based Compensation
21.4M24.7M18.8M025.2M0000
Deferred Taxes
227.5M18.4M-132.8M14.1M146.5M152M21.1M59.1M0
Other Non-Cash Items
-233.7M728.2M-367.6M-281.9M-726.5M-161M-431.8M-684.1M-490.2M
Working Capital Changes
464.7M207.8M632.4M397.6M346.2M-374.7M449.7M556.3M618.1M
Cash from Investing
-239.6M-525.7M-555.6M-608.4M-1.53B-1.78B-872.3M-1.49B-1.67B
Capital Expenditures
000000000
Acquisitions
000000000
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
5.92B5.71B5.14B3.71B4.7B4.8B2.79B5.42B6.8B
Other Investing
-19.5M-25M-102M-39.8M-75.3M-61.2M-36.6M-13.5M-3.2M
Cash from Financing
-274M107.2M-143M210.1M667.6M1.2B533.5M1.97B-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
8.3M3.9M9.2M19M21.5M13.5M13.2M11.2M11.6M
Debt Issuance (Net)
-1000K-100K-1000K1000K1000K-1000K1000K1000K-1000K
Other Financing
213.3M276.2M379.2M384.5M1.05B1.56B495.8M1.96B833M
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
000000000
Cash at Beginning
478.9M757.3M656.6M654.7M991.9M731.7M644.9M889M2B
Cash at End
578.4M656.6M654.7M991.9M731.7M644.9M889M2B983.5M
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
3.561.924.435.144.564.215.065.816.91

CNO Key Ratios

CNO Financial Group, Inc. (CNO) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
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
25.1628.1620.3729.7638.3140.1115.0319.2523.2626.99
Debt / Equity
0.94x0.82x1.18x0.81x0.72x0.76x2.20x1.87x1.80x1.54x
Revenue Growth
5.05%7.74%0.28%-6.9%-4.85%7.88%-13.23%15.94%7.21%0.94%
Related:CNO Dividend History·CNO Revenue History·CNO Price History·CNO P/E History·CNO Financial Ratios·CNO Institutional Holders

CNO SEC Filings & Documents

CNO Financial Group, Inc. (CNO) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 30, 2026·SEC

Material company update

Feb 11, 2026·SEC

Material company update

Feb 5, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 24, 2026·SEC

FY 2025

Feb 26, 2025·SEC

10-Q Quarterly Reports

6
FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 6, 2025·SEC

FY 2025

May 7, 2025·SEC

CNO Frequently Asked Questions

CNO Financial Group, Inc. (CNO) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

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).

Dividend & Returns

Yes, CNO Financial Group, Inc. (CNO) pays a dividend with a yield of 1.33%. 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.

Industry Metrics

CNO Financial Group, Inc. (CNO) has a combined ratio of 93.5%. A ratio below 100% indicates underwriting profitability.

What if you invested $1,000 in CNO back in 2002?

Total return calculator · dividends reinvested · 24+ years of data

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How much would $100/month in CNO be worth today?

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