What is Cno Finl Group Inc's earnings per share (EPS)?

Cno Finl Group Inc (CNO) reported diluted earnings per share of $2.30 for fiscal year 2025. This represents a -40.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Cno Finl Group Inc Financials

CNO

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Cno Finl Group Inc (CNO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 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).

Rhea AI CNO FY2025 2026-05-07

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 $36.2B of liabilities against $2.6B of equity. Because leverage remained high, a drop in return on assets from 1.1% to 0.6% drove a disproportionate compression in shareholder returns, which is why modest asset-level slippage matters so much here.

Liquidity became less cushioned in FY2025 as cash fell from $2.0B to $984M. Share repurchases still reduced shares outstanding from 100.9M to 94.5M, so per-share results were supported even as total profit weakened.

Financial Health Signals

Financial Profile 21/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). 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.

Profitability

Cno Finl Group Inc has an operating margin of 12.3%, meaning the company retains $12 of operating profit per $100 of revenue. This results in a moderate score of 49/100, indicating healthy but not exceptional operating efficiency. This is down from 12.4% the prior year.

Growth

Cno Finl Group Inc's revenue grew a modest 0.9% year-over-year to $4.5B. This slow but positive growth earns a score of 40/100.

Leverage

Cno Finl Group Inc has elevated debt relative to equity (D/E of 13.70), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Returns

Cno Finl Group Inc's ROE of 8.7% shows moderate profitability relative to equity, earning a score of 37/100. This is down from 16.7% the prior year.

Piotroski F-Score Neutral

4/9

Cno Finl Group Inc passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

2.95x

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.

Interest Coverage Adequate

2.4x

Cno Finl Group Inc earns $2.4 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

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Earnings & Revenue

Revenue

$4.5B

YoY+0.9%

5Y CAGR+3.3%

10Y CAGR+1.6%

Cno Finl Group Inc generated $4.5B in revenue in fiscal year 2025. This represents an increase of 0.9% from the prior year.

EBITDA

$871.7M

YoY+3.4%

5Y CAGR+2.6%

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.

Net Income

$229.3M

YoY-45.5%

5Y CAGR-5.3%

10Y CAGR-1.6%

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.

EPS (Diluted)

$2.30

YoY-40.9%

5Y CAGR+1.7%

10Y CAGR+5.2%

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

Free Cash Flow

N/A

Cash & Debt

$983.5M

YoY-50.8%

5Y CAGR-0.2%

10Y CAGR+2.1%

Cno Finl Group Inc held $983.5M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.67

YoY+6.3%

5Y CAGR+7.3%

10Y CAGR+9.5%

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.

Shares Outstanding

94M

YoY-6.3%

5Y CAGR-6.8%

10Y CAGR-6.2%

Cno Finl Group Inc had 94M shares outstanding in fiscal year 2025. This represents a decrease of 6.3% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

12.3%

YoY-0.0pp

5Y CAGR+0.2pp

Cno Finl Group Inc's operating margin was 12.3% in fiscal year 2025, reflecting core business profitability. This is down 0.0 percentage points from the prior year.

Net Margin

5.1%

YoY-4.4pp

5Y CAGR-2.8pp

10Y CAGR-2.0pp

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.

Return on Equity

8.7%

YoY-8.0pp

5Y CAGR+3.2pp

10Y CAGR+2.2pp

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.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$331.4M

YoY+10.4%

5Y CAGR+4.3%

10Y CAGR-1.0%

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.

Capital Expenditures

N/A

CNO Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$4.5B+0.9%	$4.4B+7.3%	$4.1B+15.9%	$3.6B-13.2%	$4.1B+7.9%	$3.8B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	$553.2M+0.4%	$550.8M+19.9%	$459.5M-1.5%	$466.7M-9.3%	$514.7M+11.0%	$463.8M
Interest Expense	$230.9M-9.2%	$254.4M+6.6%	$238.6M+74.2%	$137.0M+43.6%	$95.4M-12.3%	$108.8M
Income Tax	$64.1M-46.2%	$119.1M+48.3%	$80.3M-56.8%	$185.9M+14.2%	$162.8M+283.1%	$42.5M
Net Income	$229.3M-45.5%	$420.8M+52.2%	$276.5M-56.2%	$630.6M+10.6%	$570.3M+89.0%	$301.8M
EPS (Diluted)	$2.30-40.9%	$3.89+62.1%	$2.40-55.2%	$5.36+23.2%	$4.35+106.2%	$2.11

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$1.0B-9.9%	$1.1B-3.8%	$1.2B+3.2%	$1.2B+14.7%	$1.0B-8.5%	$1.1B-2.9%	$1.1B+5.9%	$1.1B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	$129.9M	N/A	$162.8M+45.0%	$112.3M+7.4%	$104.6M	N/A	$153.5M+3.3%	$148.6M
Interest Expense	$50.9M	N/A	$56.6M-4.2%	$59.1M-4.7%	$62.0M	N/A	$68.0M+5.9%	$64.2M
Income Tax	$10.7M	N/A	$28.2M+7.6%	$26.2M+315.9%	$6.3M-85.8%	$44.4M+2511.8%	$1.7M-95.0%	$34.3M
Net Income	$37.7M-59.4%	$92.9M+302.2%	$23.1M-74.8%	$91.8M+327.0%	$21.5M-88.2%	$182.9M+1866.7%	$9.3M-92.0%	$116.3M
EPS (Diluted)	$0.39-58.9%	$0.95+295.8%	$0.24-73.6%	$0.91+333.3%	$0.21-87.9%	$1.74+1833.3%	$0.09-91.5%	$1.06

CNO Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$38.8B+2.5%	$37.8B+8.1%	$35.0B+5.7%	$33.1B-8.5%	$36.2B+2.4%	$35.3B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$983.5M-50.8%	$2.0B+124.7%	$889.0M+37.9%	$644.9M-11.9%	$731.7M-26.2%	$991.9M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$36.2B+2.3%	$35.3B+7.7%	$32.8B+4.6%	$31.4B+1.4%	$30.9B+3.6%	$29.9B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$2.6B+4.9%	$2.5B+13.5%	$2.2B+25.3%	$1.8B-52.0%	$3.7B-32.8%	$5.5B
Retained Earnings	$2.4B+7.2%	$2.3B+18.6%	$1.9B+12.3%	$1.7B+50.0%	$1.1B+49.8%	$752.3M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$39.0B+0.4%	$38.8B+1.3%	$38.3B+2.6%	$37.3B-0.3%	$37.4B-1.1%	$37.8B+0.5%	$37.6B+3.7%	$36.3B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$1.2B+17.4%	$983.5M-20.8%	$1.2B+52.2%	$816.0M-20.4%	$1.0B-48.7%	$2.0B+60.4%	$1.2B+25.5%	$992.1M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	$69.5M	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$36.5B+0.9%	$36.2B+1.3%	$35.7B+2.5%	$34.8B-0.3%	$34.9B-1.2%	$35.3B+1.1%	$35.0B+3.2%	$33.9B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$2.5B-5.3%	$2.6B+1.0%	$2.6B+3.5%	$2.5B-1.3%	$2.6B+1.6%	$2.5B-6.4%	$2.7B+10.7%	$2.4B
Retained Earnings	$2.4B+0.9%	$2.4B+3.3%	$2.3B+0.3%	$2.3B+4.5%	$2.2B-0.9%	$2.3B+8.0%	$2.1B-0.4%	$2.1B

CNO Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$675.7M+7.6%	$627.7M+7.7%	$582.9M+17.7%	$495.4M-17.2%	$598.3M-18.7%	$735.5M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$1.7B-12.0%	-$1.5B-70.7%	-$872.3M+51.0%	-$1.8B-16.7%	-$1.5B-150.8%	-$608.4M
Financing Cash Flow	-$22.6M-101.1%	$2.0B+269.2%	$533.5M-55.5%	$1.2B+79.6%	$667.6M+217.8%	$210.1M
Dividends Paid	$66.2M-2.2%	$67.7M-0.6%	$68.1M+5.1%	$64.8M-1.4%	$65.7M-1.9%	$67.0M
Share Buybacks	$331.4M+10.4%	$300.2M+80.7%	$166.1M-12.6%	$190.1M-53.4%	$407.8M+52.0%	$268.3M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$148.8M-24.0%	$195.7M-1.1%	$197.8M+35.9%	$145.5M+6.4%	$136.7M-28.4%	$191.0M-17.4%	$231.2M+108.5%	$110.9M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$184.1M+79.6%	-$900.8M-749.0%	-$106.1M+13.2%	-$122.2M+77.3%	-$538.2M-256.0%	-$151.2M+9.9%	-$167.9M+85.3%	-$1.1B
Financing Cash Flow	$206.1M-53.9%	$447.0M+33.9%	$333.9M+243.9%	-$232.1M+59.4%	-$571.4M-180.2%	$712.6M+275.3%	$189.9M-86.2%	$1.4B
Dividends Paid	$17.1M+5.6%	$16.2M-1.2%	$16.4M-1.8%	$16.7M-1.2%	$16.9M+3.0%	$16.4M-2.4%	$16.8M-2.3%	$17.2M
Share Buybacks	$73.3M+21.8%	$60.2M-0.7%	$60.6M-39.6%	$100.3M-9.1%	$110.3M+20.3%	$91.7M+2.0%	$89.9M+50.3%	$59.8M

CNO Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	12.3%-0.0pp	12.4%+1.3pp	11.1%-2.0pp	13.1%+0.6pp	12.5%+0.4pp	12.1%
Net Margin	5.1%-4.4pp	9.5%+2.8pp	6.7%-11.0pp	17.6%+3.8pp	13.8%+5.9pp	7.9%
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%
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%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	13.70-0.3	14.05-0.8	14.81-2.9	17.73+9.3	8.40+3.0	5.44
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	12.6%	N/A	13.7%+4.0pp	9.8%-0.7pp	10.4%	N/A	13.6%-0.4pp	13.9%
Net Margin	3.7%-4.5pp	8.1%+6.2pp	1.9%-6.0pp	8.0%+5.8pp	2.1%-14.5pp	16.7%+15.8pp	0.8%-10.1pp	10.9%
Return on Equity	1.5%-2.0pp	3.5%+2.6pp	0.9%-2.8pp	3.6%+2.8pp	0.8%-6.4pp	7.3%+6.9pp	0.4%-4.4pp	4.8%
Return on Assets	0.1%-0.1pp	0.2%+0.2pp	0.1%-0.2pp	0.3%+0.2pp	0.1%-0.4pp	0.5%+0.5pp	0.0%-0.3pp	0.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	14.60+0.9	13.70+0.0	13.67-0.1	13.80+0.1	13.66-0.4	14.05+1.0	13.01-0.9	13.94
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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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.

Does Cno Finl Group Inc buy back shares?

Yes, Cno Finl Group Inc (CNO) spent $331.4M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Cno Finl Group Inc have outstanding?

Cno Finl Group Inc (CNO) had 94M shares outstanding as of fiscal year 2025.

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 9, indicating neutral financial health. 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 2.4x, 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 21 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.