CNO Financial Group, Inc.
Description
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.
About
CEO
Mr. Gary Chandru Bhojwani
Employees
3,500
Instrument type
Common Stock
Sector
Financial Services
Industry
Insurance - Life
MIC code
XNYS
Address
11825 North Pennsylvania Street, Carmel, IN 46032, United States
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Oct 29, 2025 | — | — | — | — |
| Jul 28, 2025 | — | — | — | — |
| Apr 28, 2025 | — | — | — | — |
| Feb 4, 2025 | 1.06 | — | — | — |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 5 | — | 7 |
| Average estimate | — | 0.80 | — | 3.80 |
| Low estimate | — | 0.78 | — | 3.68 |
| High estimate | — | 0.84 | — | 3.92 |
| Last year EPS | — | 0.52 | — | 3.73 |
[stock_revenue_estimate]
Growth estimates
Current qtr
-9.750%
Next qtr. (Mar 2025)
54.230%
Current year
20.800%
Next year (Dec 2025)
1.680%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 4.15B | 3.58B | 4.12B | 3.82B | 4.02B |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 290.90M | 287.90M | 267.90M | 252.60M | 238.20M |
| Other operating expenses | 646.30M | 548.80M | 603.00M | 577.60M | 561.10M |
| Operating income | — | — | — | — | — |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | 238.60M | 137.00M | 95.40M | 108.80M | 152.30M |
| Other income expense | — | — | — | — | — |
| Pretax income | 356.80M | 816.50M | 733.10M | 344.30M | 274.20M |
| Tax provision | 80.30M | 185.90M | 162.80M | 42.50M | -135.20M |
| Net income | 276.50M | 630.60M | 570.30M | 301.80M | 409.40M |
| Basic EPS | 2.44 | 3.43 | 3.43 | 2.12 | 2.62 |
| Diluted EPS | 2.40 | 3.37 | 3.36 | 2.11 | 2.61 |
| Basic average shares | 113.28M | 115.73M | 128.40M | 142.10M | 156.04M |
| Diluted average shares | 113.28M | 115.73M | 128.40M | 142.10M | 156.04M |
| EBITDA | — | — | — | — | — |
| Net income from continuing op. | 276.50M | 630.60M | 570.30M | 301.80M | 409.40M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | — | — | — | — | — |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 114.50M | 69.20M | 99.60M | 54.10M | 74.70M |
| Other short term investments | 21.51B | 20.35B | 24.81B | 23.38B | 21.30B |
| Accounts receivable | 4.04B | 4.22B | 4.35B | 4.58B | 4.79B |
| Other receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Prepaid assets | — | — | — | — | — |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | — | — | — | — |
| Non current assets | |||||
| Properties | — | — | — | — | — |
| Land and improvements | — | — | — | — | — |
| Machinery furniture equipment | — | — | — | — | — |
| Construction in progress | — | — | — | — | — |
| Leases | — | — | — | — | — |
| Accumulated depreciation | — | — | — | — | — |
| Goodwill | — | — | — | — | — |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | — | — | — | — | — |
| Investments and advances | 22.59B | 21.77B | 26.36B | 24.96B | 22.77B |
| Other non current assets | — | — | — | — | — |
| Total liabilities | — | — | — | — | — |
| Current liabilities | |||||
| Accounts payable | — | — | — | — | — |
| Accrued expenses | — | — | — | — | — |
| Short term debt | — | — | — | — | — |
| Deferred revenue | — | — | — | — | — |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 4.15B | 3.88B | 4.00B | 3.93B | 3.79B |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | — | — | — | — | — |
| Shareholders equity | |||||
| Common stock | 1.10M | 1.10M | 1.20M | 1.30M | 1.50M |
| Retained earnings | 1.90B | 1.69B | 1.13B | 752.30M | 535.70M |
| Other shareholders equity | -1.58B | -1.96B | 1.95B | 2.19B | 1.37B |
| Total shareholders equity | 2.22B | 1.77B | 5.26B | 5.48B | 4.68B |
| Additional paid in capital | 1.89B | 2.03B | 2.18B | 2.54B | 2.77B |
| Treasury stock | — | — | — | — | — |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||
| Net Income | 276.50M | 630.60M | 570.30M | 301.80M | 409.40M | -315.00M | 175.60M | 358.20M | 270.70M | 51.40M | 478.00M | 221.00M | 335.70M | 240.60M | 85.70M | -1.13B | -179.90M | 96.50M | 312.70M | 294.80M | — | — |
| Depreciation | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Deferred Taxes | 21.10M | 152.00M | 182.60M | 14.10M | -132.80M | 18.40M | 227.50M | -11.70M | 92.90M | 119.70M | -181.20M | -71.80M | -32.90M | -16.10M | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | -122.90M | 39.60M | -336.90M | -42.30M | -163.30M | 728.20M | -213.50M | 72.40M | 4.20M | -682.00M | -208.80M | 113.50M | 80.50M | -19.20M | 35.40M | 275.00M | 82.40M | 886.60M | -322.60M | 1.12B | 1.07B | — |
| Accounts Receivable | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -114.30M | 36.00M | 165.80M | — | 20.10M | — |
| Accounts Payable | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 744.80M | 493.20M | 420.40M | — | 207.20M | — |
| Other Assets & Liabilities | — | — | — | — | — | — | — | — | — | — | — | — | 346.40M | 437.60M | 402.30M | 460.60M | 630.50M | — | 586.20M | — | — | — |
| Operating Cash Flow | 174.70M | 822.20M | 416.00M | 273.60M | 113.30M | 431.60M | 189.60M | 418.90M | 367.80M | -510.90M | 88.00M | 262.70M | 729.70M | 642.90M | 523.40M | -396.70M | 1.16B | 1.51B | 1.16B | 1.41B | 1.30B | — |
| Investing Activities | ||||||||||||||||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | — | — | — | — | — | — | — | — | 231.00M | — | — | — | — | — | — | — | — | — | — | — | — |
| Purchase of Investments | -3.62B | -6.52B | -6.15B | -4.28B | -5.59B | -6.21B | -6.14B | -6.24B | -4.78B | -3.73B | -5.37B | -4.27B | -8.16B | -10.79B | -12.54B | -8.19B | -9.25B | -9.49B | -14.44B | -16.00B | -12.53B | -27.76B |
| Sale of Investments | 2.79B | 4.80B | 4.70B | 3.71B | 5.14B | 5.71B | 5.89B | 5.34B | 4.03B | 3.71B | 4.84B | 4.09B | 6.90B | 9.53B | 11.63B | 7.53B | 8.14B | 8.45B | 12.94B | 14.59B | 12.92B | 31.76B |
| Investing Cash Flow | -872.30M | -1.78B | -1.53B | -608.40M | -555.60M | -525.70M | -270.20M | -930.40M | -1.07B | 56.30M | -602.50M | -197.10M | -1.34B | -1.30B | -890.40M | -283.30M | -1.16B | -1.05B | -1.55B | -1.46B | 373.50M | 3.41B |
| Financing Activities | ||||||||||||||||||||||
| Long-Term Debt Issuance | 995.50M | 285.00M | 795.80M | 643.80M | 1.03B | 427.60M | 1.41B | 925.90M | 1.91B | 728.90M | 876.30M | 1.57B | 978.20M | 1.54B | 172.00M | 75.00M | 694.70M | 196.70M | 853.70M | 836.80M | — | 6.67B |
| Long-Term Debt Payments | -736.80M | -405.70M | -727.80M | -501.90M | -1.23B | -427.70M | -1.68B | -848.40M | -1.35B | -519.40M | -509.50M | -1.21B | -512.50M | -955.70M | -544.80M | -189.50M | -7.80M | -48.00M | -770.40M | -1.33B | — | -10.48B |
| Other Financing Charges | 495.80M | 1.56B | 1.05B | 384.50M | 373.10M | 276.20M | 213.30M | 205.10M | -900,000 | -52.50M | -240.50M | -455.20M | 29.20M | 25.70M | -1.20M | 290.10M | -137.10M | 156.40M | -196.00M | 685.80M | -1.60B | -2.60B |
| Financing Cash Flow | 533.50M | 1.20B | 667.60M | 210.10M | -143.00M | 107.20M | -274.00M | 26.20M | 142.50M | -265.50M | -1.40M | -291.30M | 427.30M | 613.10M | -77.70M | 175.60M | 447.00M | 268.10M | -150.20M | -539.60M | -1.60B | -6.50B |
| Other Cash Details | ||||||||||||||||||||||
| End Cash Position | 889.00M | 644.90M | 731.70M | 991.90M | 654.70M | 656.60M | 757.30M | 668.20M | 432.30M | 611.60M | 699.00M | 582.50M | 436.00M | 571.90M | 523.40M | 894.50M | 361.90M | 385.90M | 237.80M | 776.60M | 2.39B | 1.22B |
| Income Tax Paid | — | — | — | — | — | — | — | — | — | — | — | — | 3.40M | — | — | — | — | — | — | — | — | — |
| Interest Paid | — | — | — | — | — | — | — | — | — | — | — | — | 95.50M | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 582.90M | 495.40M | 598.30M | 735.50M | 696.70M | 317.80M | 633.30M | 775.70M | 747.80M | 121.80M | 720.40M | 634.90M | 774.80M | 734.00M | 611.70M | 640.30M | 703.30M | 931.20M | 1.16B | 1.05B | 1.24B | 1.30B |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Undiscovered Managers Behavioral Value Fund | Sep 30, 2024 | 3,563,641 | 140.37M | 3.45% |
| iShares Core S&P Midcap ETF | Nov 30, 2024 | 3,376,838 | 133.01M | 3.27% |
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 3,113,444 | 122.64M | 3.02% |
| iShares Russell 2000 ETF | Nov 30, 2024 | 2,944,132 | 115.97M | 2.85% |
| Franklin Value Investors Trust-Franklin Small Cap Value | Oct 31, 2024 | 2,563,667 | 100.98M | 2.48% |
| Vanguard Small-Cap Index Fund | Sep 30, 2024 | 2,514,060 | 99.03M | 2.44% |
| Avantis U.S. Small Cap Value ETF | Nov 30, 2024 | 2,308,951 | 90.95M | 2.24% |
| Delaware Group Equity Fds V-Small Cap Core Fund | Nov 30, 2024 | 1,949,473 | 76.79M | 1.89% |
| Vanguard Small Cap Value Index Fund | Sep 30, 2024 | 1,702,625 | 67.07M | 1.65% |
| Vanguard Strategic Equity Fund | Sep 30, 2024 | 1,595,295 | 62.84M | 1.55% |
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