CNO Financial Group, Inc. (CNO) vs Genworth Financial, Inc. (GNW)

CNO Financial Group, Inc. and Genworth Financial, Inc. are both Insurance Life companies. CNO Financial Group, Inc. is the larger, with a market value of $5.0B against $3.6B — 1.4× the size. Genworth Financial, Inc. trades at the lower P/E: 17.8× against 18.2×. CNO Financial Group, Inc. grew revenue faster over the last twelve months: 6.03% against 2.11%. CNO Financial Group, Inc. has the higher net margin (6.02% vs 2.87%) and the higher return on invested capital (6.42% vs 3.41%). Across the 22 metrics below, CNO Financial Group, Inc. leads on 11 and Genworth Financial, Inc. on 11.

Valuation

Metric CNO GNW Insurance Life median
P/E 18.18 17.79 12.15
P/S 1.08 0.49 0.75
P/B 1.94 0.37 1.12
Price to free cash flow 7.20 8.36 7.78
EV/EBITDA 7.98 5.86 8.42
EV/Sales 1.72 0.45 0.80
Earnings yield 5.50% 5.62% 8.23%
Free cash flow yield 13.89% 11.96% 11.12%

Profitability

Metric CNO GNW Insurance Life median
Gross margin 44.97% 29.03% 32.44%
Operating margin 12.30% 6.84% 11.31%
Net margin 6.02% 2.87% 6.61%
Free cash flow margin 15.04% 5.81% 15.04%
Return on equity 10.93% 2.17% 8.67%
Return on assets 0.72% 0.24% 0.67%
Return on invested capital 6.42% 3.41% 8.20%

Growth

Metric CNO GNW Insurance Life median
Revenue growth (TTM) 6.03% 2.11% 7.91%
EPS growth (last fiscal year) (38.50%) (20.59%) —
Revenue growth, 5-year CAGR 3.27% (2.49%) 1.08%
Net income growth, 5-year CAGR (5.35%) 4.61% 0.00%

Health

Metric CNO GNW Insurance Life median
Debt to equity 1.65 0.15 0.48
Current ratio 0.15 0.28 0.21
Net debt to EBITDA 2.96 (0.83) 0.12

Dividend

Metric CNO GNW Insurance Life median
Dividend yield 2.34% — 2.41%
Payout ratio 1.14 0.00 0.17

Size

Metric CNO GNW Insurance Life median
Market cap 4.95b 3.57b 7.92b

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