Cno Finl Group Inc Financials
Cno Finl Group Inc (CNO) reported $4.5B in revenue for fiscal year 2025, up 0.9% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Thin asset-level returns are being amplified by a highly leveraged balance sheet, making shareholder earnings swing harder than core operations.
FY2025 looks weaker on net income, but core operating capacity barely changed, with operating income essentially flat at$553M after$551M in FY2024. Operating cash flow still rose to$676M while net income fell to$229M , and lower interest expense points to volatility below the operating line rather than deterioration in the day-to-day franchise.
This is a balance-sheet-heavy model: FY2025 ended with
Liquidity became less cushioned in FY2025 as cash fell from
Financial Health Signals
Scored against insurers for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Cno Finl Group Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for Cno Finl Group Inc, and counted as zero in the overall score.
Cno Finl Group Inc passes 4 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Cno Finl Group Inc generates $2.95 in operating cash flow ($675.7M OCF vs $229.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Cno Finl Group Inc earns $2.40 in operating income for every $1 of interest expense ($553.2M vs $230.9M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Cno Finl Group Inc generated $4.5B in revenue in fiscal year 2025. This represents an increase of 0.9% from the prior year.
Cno Finl Group Inc's EBITDA was $871.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 3.4% from the prior year.
Cno Finl Group Inc reported $229.3M in net income in fiscal year 2025. This represents a decrease of 45.5% from the prior year.
Cno Finl Group Inc earned $2.30 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 40.9% from the prior year.
Cash & Balance Sheet
Cno Finl Group Inc held $983.5M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Cno Finl Group Inc paid $0.67 per share in dividends in fiscal year 2025. This represents an increase of 6.3% from the prior year.
Not reported for fiscal year 2025.
Margins & Returns
Cno Finl Group Inc's operating margin was 12.3% in fiscal year 2025, reflecting core business profitability. That is unchanged from the prior year.
Cno Finl Group Inc's net profit margin was 5.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 4.4 percentage points from the prior year.
Cno Finl Group Inc's ROE was 8.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 8.0 percentage points from the prior year.
Not reported for fiscal year 2025.
Capital Allocation
Cno Finl Group Inc spent $331.4M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 10.4% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
CNO Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.6B | $4.5B+0.9% | $4.4B+7.3% | $4.1B+15.9% | $3.6B-13.2% | $4.1B+7.9% | $3.8B-4.8% | $4.0B-6.9% | $4.3B+0.4% | $4.3B+7.8% | $4.0B+4.5% | $3.8B-8.0% | $4.1B-7.4% | $4.5B+3.1% | $4.3B+5.3% | $4.1B |
| Operating Income | N/A | $553.2M+0.4% | $550.8M+19.9% | $459.5M-1.5% | $466.7M-9.3% | $514.7M+11.0% | $463.8M+25.9% | $368.3M-3.4% | $381.2M-16.2% | $454.7M | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | N/A | $230.9M-9.2% | $254.4M+6.6% | $238.6M+74.2% | $137.0M+43.6% | $95.4M-12.3% | $108.8M-28.6% | $152.3M+1.7% | $149.8M+21.1% | $123.7M+6.3% | $116.4M+22.7% | $94.9M+2.3% | $92.8M-11.9% | $105.3M-8.1% | $114.6M+0.4% | $114.1M |
| Income Tax | N/A | $64.1M-46.2% | $119.1M+48.3% | $80.3M-56.8% | $185.9M+14.2% | $162.8M+283.1% | $42.5M+131.4% | -$135.2M-369.3% | $50.2M-83.5% | $304.9M+6198.0% | -$5.0M-105.2% | $97.0M-21.6% | $123.7M+171.4% | -$173.2M-165.2% | -$65.3M-121.4% | -$29.5M |
| Net Income | $279.6M | $229.3M-45.5% | $420.8M+52.2% | $276.5M-56.2% | $630.6M+10.6% | $570.3M+89.0% | $301.8M-26.3% | $409.4M+230.0% | -$315.0M-279.4% | $175.6M-51.0% | $358.2M+32.3% | $270.7M+426.7% | $51.4M-89.2% | $478.0M+116.3% | $221.0M-34.2% | $335.7M |
| EPS (Diluted) | $2.91 | $2.30-40.9% | $3.89+62.1% | $2.40-55.2% | $5.36+23.2% | $4.35+106.2% | $2.11-19.2% | $2.61+237.4% | -$1.90-286.3% | $1.02-49.3% | $2.01+44.6% | $1.39+479.2% | $0.24-88.3% | $2.06+148.2% | $0.83-27.8% | $1.15 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
CNO Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $38.8B+2.5% | $37.8B+8.1% | $35.0B+5.7% | $33.1B-8.5% | $36.2B+2.4% | $35.3B+5.1% | $33.6B+7.0% | $31.4B-5.0% | $33.1B+3.5% | $32.0B+2.7% | $31.1B-0.1% | $31.2B-10.4% | $34.8B+1.9% | $34.1B+3.7% | $32.9B |
| Cash & Equivalents | $983.5M-50.8% | $2.0B+124.7% | $889.0M+37.9% | $644.9M-11.9% | $731.7M-26.2% | $991.9M+51.5% | $654.7M-0.3% | $656.6M-13.3% | $757.3M+13.3% | $668.2M-16.1% | $796.7M+30.3% | $611.6M-12.5% | $699.0M+20.0% | $582.5M+33.6% | $436.0M |
| Total Liabilities | $36.2B+2.3% | $35.3B+7.7% | $32.8B+4.6% | $31.4B+1.4% | $30.9B+3.6% | $29.9B+3.1% | $29.0B+3.2% | $28.1B-0.7% | $28.3B+2.8% | $27.5B+1.9% | $27.0B+2.0% | $26.5B-11.3% | $29.8B+2.6% | $29.1B+2.7% | $28.3B |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $916.8M+0.2% | $914.6M+0.2% | $912.9M-1.3% | $925.0M+16.0% | $797.1M-7.3% | $860.0M-15.1% | $1.0B+16.0% | $873.2M |
| Total Equity | $2.6B+4.9% | $2.5B+13.5% | $2.2B+25.3% | $1.8B-52.0% | $3.7B-32.8% | $5.5B+17.3% | $4.7B+38.7% | $3.4B-30.5% | $4.8B+8.0% | $4.5B+8.4% | $4.1B-11.7% | $4.7B-5.4% | $5.0B-1.9% | $5.0B+9.4% | $4.6B |
| Retained Earnings | $2.4B+7.2% | $2.3B+18.6% | $1.9B+12.3% | $1.7B+50.0% | $1.1B+49.8% | $752.3M+40.4% | $535.7M+172.5% | $196.6M-64.9% | $560.4M-13.9% | $650.7M+87.5% | $347.1M+170.1% | $128.5M+0.1% | $128.4M+139.5% | -$325.0M+38.9% | -$532.1M |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities.
CNO Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $698.9M | $675.7M+7.6% | $627.7M+7.7% | $582.9M+17.7% | $495.4M-17.2% | $598.3M-18.7% | $735.5M+5.6% | $696.7M+119.2% | $317.8M-49.8% | $633.3M-18.4% | $775.7M+3.7% | $747.8M+514.0% | $121.8M-83.1% | $720.4M+13.5% | $634.9M-18.1% | $774.8M |
| Investing Cash Flow | -$1.8B | -$1.7B-12.0% | -$1.5B-70.7% | -$872.3M+51.0% | -$1.8B-16.7% | -$1.5B-150.8% | -$608.4M-9.5% | -$555.6M-5.7% | -$525.7M-94.6% | -$270.2M+71.0% | -$930.4M+13.0% | -$1.1B-1999.8% | $56.3M+109.3% | -$602.5M-205.7% | -$197.1M+85.3% | -$1.3B |
| Financing Cash Flow | $1.6B | -$22.6M-101.1% | $2.0B+269.2% | $533.5M-55.5% | $1.2B+79.6% | $667.6M+217.8% | $210.1M+246.9% | -$143.0M-233.4% | $107.2M+139.1% | -$274.0M-1145.8% | $26.2M-81.6% | $142.5M+153.7% | -$265.5M-18864.3% | -$1.4M+99.5% | -$291.3M-168.2% | $427.3M |
| Dividends Paid | $66.4M | $66.2M-2.2% | $67.7M-0.6% | $68.1M+5.1% | $64.8M-1.4% | $65.7M-1.9% | $67.0M-0.1% | $67.1M+3.5% | $64.8M+8.7% | $59.6M+8.8% | $54.8M+5.4% | $52.0M+2.0% | $51.0M+109.0% | $24.4M+75.5% | $13.9M | $0 |
| Share Buybacks | $255.0M | $331.4M+10.4% | $300.2M+80.7% | $166.1M-12.6% | $190.1M-53.4% | $407.8M+52.0% | $268.3M+5.4% | $254.5M+135.6% | $108.0M-35.8% | $168.3M-19.9% | $210.0M-42.5% | $365.4M+14.5% | $319.1M+169.5% | $118.4M-34.3% | $180.2M+158.2% | $69.8M |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
CNO Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 12.3%0.0pp | 12.4%+1.3pp | 11.1%-2.0pp | 13.1%+0.6pp | 12.5%+0.4pp | 12.1%+3.0pp | 9.2%+0.3pp | 8.8%-1.7pp | 10.6% | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 5.1%-4.4pp | 9.5%+2.8pp | 6.7%-11.0pp | 17.6%+3.8pp | 13.8%+5.9pp | 7.9%-2.3pp | 10.2%+17.5pp | -7.3%-11.4pp | 4.1%-4.9pp | 9.0%+1.9pp | 7.1%+5.9pp | 1.2%-9.4pp | 10.7%+5.6pp | 5.1%-3.0pp | 8.1% |
| Return on Equity | 8.7%-8.0pp | 16.7%+4.3pp | 12.5%-23.2pp | 35.6%+20.2pp | 15.5%+10.0pp | 5.5%-3.2pp | 8.8%+18.1pp | -9.3%-13.0pp | 3.6%-4.4pp | 8.0%+1.4pp | 6.5%+5.4pp | 1.1%-8.6pp | 9.7%+5.3pp | 4.4%-2.9pp | 7.3% |
| Return on Assets | 0.6%-0.5pp | 1.1%+0.3pp | 0.8%-1.1pp | 1.9%+0.3pp | 1.6%+0.7pp | 0.9%-0.4pp | 1.2%+2.2pp | -1.0%-1.5pp | 0.5%-0.6pp | 1.1%+0.3pp | 0.9%+0.7pp | 0.2%-1.2pp | 1.4%+0.7pp | 0.7%-0.4pp | 1.0% |
| Debt-to-Equity | 13.70-0.3x | 14.05-0.8x | 14.81-2.9x | 17.73+9.3x | 8.40+3.0x | 5.44-0.7x | 6.19+5.9x | 0.27+0.1x | 0.190.0x | 0.200.0x | 0.22+0.1x | 0.170.0x | 0.170.0x | 0.200.0x | 0.19 |
Not reported in any period shown, so not listed: Gross Margin, Current Ratio, FCF Margin.
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Where Cno Finl Group Inc Ranks
Frequently Asked Questions
What is Cno Finl Group Inc's annual revenue?
Cno Finl Group Inc (CNO) reported $4.5B in total revenue for fiscal year 2025. This represents a 0.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Cno Finl Group Inc's revenue growing?
Cno Finl Group Inc (CNO) revenue grew by 0.9% year-over-year, from $4.4B to $4.5B in fiscal year 2025.
Is Cno Finl Group Inc profitable?
Yes, Cno Finl Group Inc (CNO) reported a net income of $229.3M in fiscal year 2025, with a net profit margin of 5.1%.
What is Cno Finl Group Inc's EBITDA?
Cno Finl Group Inc (CNO) had EBITDA of $871.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Cno Finl Group Inc's operating margin?
Cno Finl Group Inc (CNO) had an operating margin of 12.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Cno Finl Group Inc's net profit margin?
Cno Finl Group Inc (CNO) had a net profit margin of 5.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Cno Finl Group Inc pay dividends?
Yes, Cno Finl Group Inc (CNO) paid $0.67 per share in dividends during fiscal year 2025.
What is Cno Finl Group Inc's return on equity (ROE)?
Cno Finl Group Inc (CNO) has a return on equity of 8.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Cno Finl Group Inc's operating cash flow?
Cno Finl Group Inc (CNO) generated $675.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Cno Finl Group Inc's total assets?
Cno Finl Group Inc (CNO) had $38.8B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Cno Finl Group Inc's debt-to-equity ratio?
Cno Finl Group Inc (CNO) had a debt-to-equity ratio of 13.70 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Cno Finl Group Inc's return on assets (ROA)?
Cno Finl Group Inc (CNO) had a return on assets of 0.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Cno Finl Group Inc's Piotroski F-Score?
Cno Finl Group Inc (CNO) has a Piotroski F-Score of 4 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Cno Finl Group Inc's earnings high quality?
Cno Finl Group Inc (CNO) has an earnings quality ratio of 2.95x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Cno Finl Group Inc cover its interest payments?
Cno Finl Group Inc (CNO) has an interest coverage ratio of 2.40x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Cno Finl Group Inc?
Cno Finl Group Inc (CNO) scores 27 out of 100 on our Financial Health Score, indicating weak standing within its insurers peer group. The score is a 0-100 composite of six dimensions (Loss Ratio, Premium Growth, Capital, Investment Yield, Combined Ratio, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.