CNO Financial Group, Inc. (CNO) vs Globe Life Inc. (GL)

CNO Financial Group, Inc. and Globe Life Inc. are both Insurance Life companies. Globe Life Inc. is the larger, with a market value of $12.9B against $5.0B — 2.6× the size. Globe Life Inc. trades at the lower P/E: 10.9× against 18.2×. CNO Financial Group, Inc. grew revenue faster over the last twelve months: 6.03% against 5.24%. Globe Life Inc. has the higher net margin (19.6% vs 6.02%) and the higher return on invested capital (11.6% vs 6.42%). Both pay a dividend; CNO Financial Group, Inc. yields more (2.34% vs 0.76%). Across the 23 metrics below, Globe Life Inc. leads on 13 and CNO Financial Group, Inc. on 10.

Valuation

Metric CNO GL Insurance Life median
P/E 18.18 10.90 12.15
P/S 1.08 2.09 0.75
P/B 1.94 2.10 1.12
Price to free cash flow 7.20 10.50 7.78
EV/EBITDA 7.98 9.54 8.42
EV/Sales 1.72 2.52 0.80
Earnings yield 5.50% 9.17% 8.23%
Free cash flow yield 13.89% 9.52% 11.12%

Profitability

Metric CNO GL Insurance Life median
Gross margin 44.97% 41.38% 32.44%
Operating margin 12.30% 26.44% 11.31%
Net margin 6.02% 19.58% 6.61%
Free cash flow margin 15.04% 19.90% 15.04%
Return on equity 10.93% 20.95% 8.67%
Return on assets 0.72% 3.95% 0.67%
Return on invested capital 6.42% 11.57% 8.20%

Growth

Metric CNO GL Insurance Life median
Revenue growth (TTM) 6.03% 5.24% 7.91%
EPS growth (last fiscal year) (38.50%) 17.84% —
Revenue growth, 5-year CAGR 3.27% 4.82% 1.08%
Net income growth, 5-year CAGR (5.35%) 9.68% 0.00%

Health

Metric CNO GL Insurance Life median
Debt to equity 1.65 0.48 0.48
Current ratio 0.15 0.05 0.21
Net debt to EBITDA 2.96 1.23 0.12

Dividend

Metric CNO GL Insurance Life median
Dividend yield 2.34% 0.76% 2.41%
Payout ratio 1.14 0.12 0.17

Size

Metric CNO GL Insurance Life median
Market cap 4.95b 12.86b 7.92b

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