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CNO Financial Group, Inc.

CNO Financial Insurance Life

CNO Financial Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.5 billion, up 0.85% from fiscal 2024.

Revenue
+11.6%
EPS
+45.2%
Free cash flow
+7.63%
Total debt
+13.3%

Quarter to June 2026, against a year earlier

57.67 2.50 +4.53%
Market cap
$5.1B
P/E
19.4×
Fwd P/E
14.0×
Dividend yield
1.22%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 21.82
Trades a month
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell 3 1 1 4 1 — — 3 1 2 1 —
Insider Ownership 3.88%

Capital & Financial Ratios $m

Size
Market Cap 5,100.00
Revenue ttm 4,646.60
Net income ttm 279.60
Free cash flow ttm 698.90
Net debt Q 2,972.00
Valuation
P/E 19.36
Forward P/E 14.00
Price / sales 1.15
Forward P/S Powerpack
Price / FCF 7.67
Price / book 2.07
Financial health
Current ratio Q 0.15
Debt / equity Q 1.65
Interest coverage Q 3.89
Growth
Revenue growth Q +11.61% (above 0%: growing)
Operating income growth Q +21.40% (above 0%: growing)
EPS, this year +7.89%
EPS, next year A +7.33%
Revenue, next year A −9.32% (below 0%: weak)
EPS, past 5 yrs +1.74%
EPS, next 5 yrs A +8.36%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 96.97%
10-year low 10-year high
P/S against its own 10 years 100.00%
10-year low 10-year high
P/B against its own 10 years 99.96%
10-year low 10-year high

Dividends raised every year since 2016

Yield
1.22%
Annual rate
0.70
Payout ratio
24.1%
Growth, 2016–25
+8.94%/yr
  1. 0.31 ’16
  2. 0.35 ’17 +13%
  3. 0.39 ’18 +11%
  4. 0.43 ’19 +10%
  5. 0.47 ’20 +9%
  6. 0.51 ’21 +9%
  7. 0.55 ’22 +8%
  8. 0.59 ’23 +7%
  9. 0.63 ’24 +7%
  10. 0.67 ’25 +6%
  11. 0.71 ’26e +6%
paid forecast Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 889 1,998 984 1,306
Receivables 4,041 3,855 3,678 3,569
Inventory — — — —
Other — — — —
4,930 5,852 4,661 4,875
2023 2024 2025 Q'26
Payables 27,692 29,588 31,097 31,706
ST’ Debt — — — —
Other — — — —
27,692 29,588 31,097 31,706

Compound Annual Growth %

10y 5y 3y
Sales 1.64% 3.27% 7.85%
Cash Flow (1.01%) (1.68%) 10.90%
Earnings (1.65%) (5.35%) (28.62%)
Book Value (4.40%) (13.61%) 14.26%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 1.09 Actual 1.90

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 1.20 1.47 Beat by 0.27
Q1 FY26 0.91 1.29 Beat by 0.38
Q2 FY26 0.99 1.26 Beat by 0.27
Q3 FY26 1.09 1.90 Beat by 0.81
Q4 FY26 1.31 — Reports 4 February 2027

EPS $

Mar Jun Sep Dec Year
’26 0.39 1.33 — — —
’25 0.21 0.91 0.24 0.95 2.30
’24 1.01 1.06 0.09 1.74 3.74
’23 (0.01) 0.64 1.46 0.32 2.40
’22 1.52 1.99 1.52 0.37 5.36
’21 1.08 0.58 0.77 1.91 4.35
’20 (0.15) 0.57 0.91 0.80 2.11
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1,030 1,285 — — —
’25 1,004 1,152 1,189 1,143 4,487
’24 1,157 1,066 1,130 1,097 4,450
’23 1,006 1,023 948 1,171 4,147
’22 843 855 905 974 3,577
’21 1,006 1,073 968 1,075 4,122
’20 717 1,014 1,014 1,076 3,821
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 149 157 — — —
’25 137 146 198 196 676
’24 95 111 231 191 628
’23 82 142 183 177 583
’22 56 111 168 161 495
’21 89 149 241 119 598
’20 126 199 217 194 736
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 149 157 — — —
’25 137 146 198 196 676
’24 95 111 231 191 628
’23 82 142 183 177 583
’22 56 111 168 161 495
’21 89 149 241 119 598
’20 126 199 217 194 736
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.7
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 3,985 4,297 4,314 4,016 3,821 4,122 3,577 4,147 4,450 4,487 4,647 +1.3% 4,069 4,202 4,352 (1.0%)
Gross margin, % 40.01 39.43 22.42 39.81 43.53 48.72 59.19 45.12 47.21 45.07 44.97 +5.1 pt
EBT 353 481 (265) 274 344 733 817 357 540 293 356 (2.0%)
EBT margin, % 8.86 11.18 (6.14) 6.83 9.01 17.78 22.83 8.60 12.13 6.54 7.66 (2.3) pt
Net income 358 176 (315) 409 302 570 631 277 421 229 280 (4.8%)
Per share, $
Per share, $ Revenue 22.56 25.27 26.07 25.74 26.89 32.10 30.91 36.61 41.92 45.90 49.86 +8.2%
Earnings 2.03 1.03 (1.90) 2.62 2.12 4.44 5.45 2.44 3.81 2.35 2.97 +1.6%
Cash flow 4.39 3.72 1.92 4.46 5.18 4.66 4.28 5.15 5.91 6.91 7.50 +5.2%
Capex 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 n/m
Free cash flow 4.39 3.72 1.92 4.46 5.18 4.66 4.28 5.15 5.91 6.91 7.50 +5.2%
Book value 25.40 28.51 20.37 29.97 38.60 40.96 15.28 19.56 23.70 26.99 27.81 +0.7%
Shares, m 177 170 165 156 142 128 116 113 106 98 95 (6.4%)
Valuation, ×
Valuation, × P/E 9.39 23.77 0.00 6.76 10.34 5.37 4.22 11.47 9.74 17.97 19.36 9.9
P/S 0.85 0.97 0.57 0.70 0.83 0.74 0.75 0.77 0.89 0.93 1.15 0.8
P/B 0.76 0.86 0.73 0.60 0.58 0.58 1.51 1.43 1.57 1.57 2.07 1.0
EV/Sales 1.33 1.39 1.01 1.20 1.29 1.26 1.34 1.35 1.34 1.55 — 1.3
EV/FCF 6.82 9.42 13.74 6.90 6.72 8.66 9.71 9.63 9.52 10.28 — 9.1
Cash, $m
Cash, $m Operating cash flow 776 633 318 697 736 598 495 583 628 676 699 (1.5%)
Capex — — — — — — — — — — — —
Free cash flow 776 633 318 697 736 598 495 583 628 676 699 (1.5%)
Balance, $m
Balance, $m Working capital (19,720) (20,601) (17,870) (18,973) (19,523) (21,023) (21,905) (22,762) (23,735) (26,436) (26,832) +3.3%
Net debt 1,892 1,804 1,906 1,979 1,787 2,121 2,133 2,441 2,025 2,794 2,972 +4.4%
Shareholders’ equity 4,487 4,848 3,371 4,677 5,484 5,260 1,769 2,216 2,515 2,638 2,592 (5.7%)
Returns, %
Returns, % ROA 1.14 0.54 (0.98) 1.26 0.88 1.59 1.82 0.81 1.15 0.60 0.72 (0.5) pt
ROIC 5.34 5.77 (1.32) 4.07 3.89 7.02 15.27 7.99 10.94 6.02 6.42 +0.7 pt
ROE 8.31 3.76 (7.67) 10.17 5.94 10.62 17.94 13.88 17.79 8.90 10.93 +0.6 pt
People
People Employees 3,400 3,300 3,300 3,300 3,400 3,350 3,400 3,500 3,500 3,300 — (0.3%)
Revenue/emp, $m 1.17 1.30 1.31 1.22 1.12 1.23 1.05 1.18 1.27 1.36 — +1.7%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 25 Oct 2026

CNO Financial Group, Inc. vs peers in Insurance Life (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
UNM Unum Group $14.5B 21.3× 12.9× +0.26% (above 0%: growing) −16.58% (below 0%: shrinking) +48.17% (above 0%: growing) 35.37% 11.36% Compare
GL Globe Life Inc. $12.3B 10.4× 10.5× +8.00% (above 0%: growing) +20.06% (above 0%: growing) +0.88% (above 0%: growing) 39.24% 24.44% Compare
JXN Jackson Financial Inc. $9.2B 182× 11.7× +135.67% (above 0%: growing) +292.31% (above 0%: growing) +57.63% (above 0%: growing) (630.95%) 411.90% Compare
PRI Primerica, Inc. $8.7B 11.3× 11.1× +9.04% (above 0%: growing) +19.41% (above 0%: growing) +5.06% (above 0%: growing) 82.88% 30.52% Compare
LNC Lincoln National Corporation $7.9B 3.5× 4.5× +12.31% (above 0%: growing) +76.55% (above 0%: growing) −155.08% (below 0%: shrinking) 37.98% 37.98% Compare
CNO CNO Financial Group, Inc. $5.1B 19.4× 14.0× +11.61% (above 0%: growing) +45.16% (above 0%: growing) +7.63% (above 0%: growing) 44.06% 16.73%
GNW Genworth Financial, Inc. $3.4B 16.5× 26.2× +5.85% (above 0%: growing) 0.00% +766.67% (above 0%: growing) 30.09% 7.10% Compare
FG F&G Annuities & Life, Inc. $2.8B 7.0× 7.9× +4.18% (above 0%: growing) n/m −8.11% (below 0%: shrinking) 16.89% (3.73%) Compare
BHF Brighthouse Financial, Inc. $2.5B 3.5× 3.4× +86.22% (above 0%: growing) +1,520.59% (above 0%: growing) −43,000.00% (below 0%: shrinking) 115.29% 75.59% Compare
Median of peers $8.3B 10.8× 10.8× +8.52% +20.06% +2.97% 36.68% 27.48%

All 17 Insurance Life stocks →

Pay and ownership Proxy statement filed 26 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 11.24m 16.22m 213.00
2024 10.40m 18.28m 184.00
2023 9.79m 11.11m 135.00
2022 8.75m 7.36m 108.00
2021 8.95m 13.91m 110.00

Ownership

Directors and executive officers, together 3.44%
The Vanguard Group 15.00%
BlackRock, Inc. 13.31%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

CNO Financial Group, Inc. (CNO) Latest News

31 Oct

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31 Jul

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30 Jul

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29 Jul

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stockrow.com/CNO · Data as of Oct 25, 2026 · For information only; not investment advice. · © 2026 stockrow.com