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CNO Financial Group, Inc.

CNO Financial Group, Inc.

NYSE•CNO
CEO: Mr. Gary Chandru Bhojwani
Sector: Financial Services
Industry: Insurance - Life
Listing Date: 2003-09-10
CNO Financial Group, Inc., through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, insurance products, and financial services 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 sale of voluntary benefit life and health insurance products for businesses, associations, and other membership groups by interacting with customers at their place of employment. In addition, it provides fixed indexed 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. It markets its products under the Bankers Life, Washington National, and Colonial Penn brand names. The company was founded in 1979 and is headquartered in Carmel, Indiana.
Contact Information
11825 North Pennsylvania Street, Carmel, IN, 46032, United States
317-817-6100
www.cnoinc.com
Market Cap
$4.09B
P/E (TTM)
14.3
14.1
Dividend Yield
1.6%
52W High
$43.56
52W Low
$34.63
52W Range
92%
Rank33Top 18.8%
5.2
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5.2 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$1.19B+5.24%
4-Quarter Trend

EPS

$0.00-97.29%
4-Quarter Trend

FCF

$197.80M-14.45%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Strong Q3 Net Income Q3 2025 Net Income reached 23.1M USD, significantly up from 9.3M USD in Q3 2024, showing quarterly profitability strength.
Total Assets Increased Total assets grew to 38.3B USD as of September 30, 2025, up from 37.8B USD at year-end 2024, reflecting asset base expansion.
Major Goodwill Impairment Recognized 96.7M USD total impairment charge for goodwill and intangibles due to valuation indicators identified in the quarter.
Reinsurance Transaction Closed Second Bermuda reinsurance transaction executed, reinsuring 1.8B USD of inforce supplemental health statutory reserves effective October 1, 2025.

Risk Factors

Significant Asset Impairment Recorded 96.7M USD goodwill and intangible asset impairment charge as of September 30, 2025, impacting year-to-date net income results.
Litigation Exposure Remains Various legal actions pending; ultimate outcome uncertain, potentially resulting in material adverse effect on financial condition or cash flows.
Regulatory Oversight Risks Insurance subsidiaries face significant risks from regulatory investigations, potentially leading to fines or adverse impacts on capital and dividend capacity.
Investment Portfolio Volatility Future investment results, including realized losses, may diminish invested asset values and negatively impact profitability, liquidity, and financial condition.

Outlook

Exiting Fee Services Business Intention announced to exit fee services business, expecting 15M USD to 20M USD pre-tax exit charges in Q4 2025.
Narrowed 2025 EPS Guidance Narrowing expected operating EPS guidance range to $3.75 to $3.85, excluding significant items, reflecting strategic focus shift.
Increased ROE Target Increasing run rate operating ROE target to 200 basis points improvement through 2027, incorporating favorable impacts from business exit.
Higher Cash Flow Expected Increasing expected excess cash flow to holding company to $365M to $385M range, reflecting second Bermuda transaction impact.

Peer Comparison

Revenue (TTM)

Brighthouse Financial, Inc.BHF
$7.60B
+44.3%
Genworth Financial, Inc.GNW
$7.11B
+2.4%
CNO Financial Group, Inc.CNO
$4.44B
-1.7%

Gross Margin (Latest Quarter)

Cadence BankCADE
100.0%
+40.7pp
Inter & Co, Inc.INTR
100.0%
+52.0pp
Federated Hermes, Inc.FHI
75.8%
+9.1pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
CADE$7.94B15.19.1%4.3%
LMND$5.95B-29.3-36.1%7.4%
AGO$4.19B11.27.2%0.0%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
2.7%
Moderate Growth
4Q Net Income CAGR
-48.2%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 5, 2026
|
EPS:$1.20
|
Revenue:-
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 6, 2025|
    Revenue: $1.19B+5.2%
    |
    EPS: $0.00-97.3%
    Miss
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 6, 2025|
    Revenue: $1.15B+8.0%
    |
    EPS: $0.91-15.7%
    Beat
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 7, 2025|
    Revenue: $1.00B-12.9%
    |
    EPS: $0.14-86.4%
    Miss
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 26, 2025|
    Revenue: $4.45B+7.2%
    |
    EPS: $3.81+56.1%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 7, 2024|
    Revenue: $1.13B+19.2%
    |
    EPS: $0.09-94.0%
    Miss
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 9, 2024|
    Revenue: $1.07B+4.3%
    |
    EPS: $1.08+68.8%
    Beat
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 6, 2024|
    Revenue: $1.15B+14.6%
    |
    EPS: $1.03-10400.0%
    Beat
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 23, 2024|
    Revenue: $4.15B+15.9%
    |
    EPS: $2.44-55.2%
    Miss