(CNO) CNO Financial - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US12621E1038

Medicare, Medigap, Annuity, Universal, Term

CNO EPS (Earnings per Share)

EPS (Earnings per Share) of CNO over the last years for every Quarter: "2020-03": -0.14537574830795, "2020-06": 0.56967785412079, "2020-09": 0.91159246454526, "2020-12": 0.79637003426243, "2021-03": 1.0786444498108, "2021-06": 0.58289865036543, "2021-09": 0.77353547567006, "2021-12": 0.92625179971205, "2022-03": 0.92808383332507, "2022-06": 1.1604113022867, "2022-09": 0.90573459388586, "2022-12": 0.37204358224821, "2023-03": -0.0069841546990266, "2023-06": 0.63726761781236, "2023-09": 1.4616204504552, "2023-12": 0.31938200022876, "2024-03": 1.0131264378186, "2024-06": 1.0644529462373, "2024-09": 0.088486313165431, "2024-12": 1.5648552909255, "2025-03": 0.13291937518192, "2025-06": 0.89065683516057,

CNO Revenue

Revenue of CNO over the last years for every Quarter: 2020-03: 717.2, 2020-06: 1014.2, 2020-09: 1013.5, 2020-12: 1076.2, 2021-03: 1006, 2021-06: 1073.1, 2021-09: 968.3, 2021-12: 1074.8, 2022-03: 842.9, 2022-06: 855, 2022-09: 905.3, 2022-12: 973.6, 2023-03: 1006, 2023-06: 1022.8, 2023-09: 947.5, 2023-12: 1155.2, 2024-03: 1152.7, 2024-06: 1066.4, 2024-09: 1129.5, 2024-12: 1097.2, 2025-03: 1004.1, 2025-06: 1131.5,

Description: CNO CNO Financial

CNO Financial Group Inc (NYSE:CNO) is a leading provider of health insurance, annuity, and life insurance products to middle-income Americans, particularly pre-retirees and retirees. The company operates through its subsidiaries, offering a range of products, including Medicare supplement, long-term care insurance, life insurance, and annuities, primarily through phone, online, and face-to-face interactions with agents.

The companys product portfolio is diverse, with a focus on fixed indexed annuities, fixed interest annuities, and supplemental health products, such as specified disease and accident insurance. CNO Financial Group also offers universal life and other interest-sensitive life products, as well as traditional life policies, including whole life, graded benefit life, and term life products. The companys brands, including Bankers Life, Washington National, and Colonial Penn, are well-established in the market.

From a financial perspective, CNO Financial Group has a market capitalization of approximately $3.67 billion, with a price-to-earnings ratio of 12.93 and a forward P/E of 9.71. The companys return on equity (RoE) is around 10.97%, indicating a relatively stable and profitable business. To further evaluate the companys performance, key performance indicators (KPIs) such as the insurance companys loss ratio, expense ratio, and combined ratio can be analyzed. A loss ratio below 70% and a combined ratio below 100% would indicate a profitable underwriting business. Additionally, metrics such as the companys asset yield, investment income, and capital adequacy can provide insights into its financial health and stability.

To assess CNO Financial Groups future prospects, it is essential to examine industry trends, competitive landscape, and the companys strategic initiatives. The life and health insurance industry is subject to various factors, including regulatory changes, demographic shifts, and economic fluctuations. CNO Financial Groups ability to adapt to these changes and execute its business strategy will be crucial to its long-term success. Key drivers of growth, such as the increasing demand for retirement and health insurance products, can be analyzed to estimate the companys potential for expansion.

CNO Stock Overview

Market Cap in USD 3,840m
Sub-Industry Life & Health Insurance
IPO / Inception 1987-01-01

CNO Stock Ratings

Growth Rating 65.7%
Fundamental 61.3%
Dividend Rating 68.6%
Return 12m vs S&P 500 -0.86%
Analyst Rating 2.83 of 5

CNO Dividends

Dividend Yield 12m 2.12%
Yield on Cost 5y 5.63%
Annual Growth 5y 6.03%
Payout Consistency 100.0%
Payout Ratio 16.2%

CNO Growth Ratios

Growth Correlation 3m 14.4%
Growth Correlation 12m 32.1%
Growth Correlation 5y 78.8%
CAGR 5y 22.17%
CAGR/Max DD 5y 0.58
Sharpe Ratio 12m 0.79
Alpha 1.73
Beta 0.854
Volatility 25.35%
Current Volume 733.9k
Average Volume 20d 643.9k
Stop Loss 38.2 (-3.2%)
Signal 0.03

Piotroski VR‑10 (Strict, 0-10) 3.0

Net Income (280.9m TTM) > 0 and > 6% of Revenue (6% = 261.7m TTM)
FCFTA 0.02 (>2.0%) and ΔFCFTA 0.33pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue -53.46% (prev 20.02%; Δ -73.48pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)
CFO/TA 0.02 (>3.0%) and CFO 704.4m > Net Income 280.9m (YES >=105%, WARN >=100%)
Net Debt (3.01b) to EBITDA (840.3m) ratio: 3.58 <= 3.0 (WARN <= 3.5)
Current Ratio 0.31 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)
Outstanding Shares last Quarter (103.1m) change vs 12m ago -5.66% (target <= -2.0% for YES)
Gross Margin 37.45% (prev 63.38%; Δ -25.93pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 11.85% (prev 11.91%; Δ -0.06pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio 2.16 (EBITDA TTM 840.3m / Interest Expense TTM 251.1m) >= 6 (WARN >= 3)

Altman Z'' -0.07

(A) -0.06 = (Total Current Assets 1.05b - Total Current Liabilities 3.38b) / Total Assets 37.33b
(B) 0.06 = Retained Earnings (Balance) 2.33b / Total Assets 37.33b
(C) 0.01 = EBIT TTM 543.4m / Avg Total Assets 36.81b
(D) 0.03 = Book Value of Equity 1.08b / Total Liabilities 34.81b
Total Rating: -0.07 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 61.34

1. Piotroski 3.0pt = -2.0
2. FCF Yield 7.34% = 3.67
3. FCF Margin 16.15% = 4.04
4. Debt/Equity 2.60 = -0.16
5. Debt/Ebitda 7.82 = -2.50
6. ROIC - WACC 2.32% = 2.90
7. RoE 10.97% = 0.91
8. Rev. Trend 64.57% = 3.23
9. Rev. CAGR 8.45% = 1.06
10. EPS Trend 11.06% = 0.28
11. EPS CAGR -0.61% = -0.08

What is the price of CNO shares?

As of August 31, 2025, the stock is trading at USD 39.47 with a total of 733,875 shares traded.
Over the past week, the price has changed by -0.38%, over one month by +6.73%, over three months by +4.09% and over the past year by +15.97%.

Is CNO Financial a good stock to buy?

Neither. Based on ValueRay´s Fundamental Analyses, CNO Financial is currently (August 2025) neither a good nor a bad stock to buy. It has a ValueRay Fundamental Rating of 61.34 and therefor a neutral outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of CNO is around 43.29 USD . This means that CNO is currently overvalued and has a potential downside of 9.68%.

Is CNO a buy, sell or hold?

CNO Financial has received a consensus analysts rating of 2.83. Therefor, it is recommend to hold CNO.
  • Strong Buy: 0
  • Buy: 1
  • Hold: 4
  • Sell: 0
  • Strong Sell: 1

What are the forecasts/targets for the CNO price?

Issuer Target Up/Down from current
Wallstreet Target Price 42.4 7.4%
Analysts Target Price 42.4 7.4%
ValueRay Target Price 46.2 17.2%

Last update: 2025-08-26 04:34

CNO Fundamental Data Overview

Market Cap USD = 3.84b (3.84b USD * 1.0 USD.USD)
CCE Cash And Equivalents = 816.0m USD (last quarter)
P/E Trailing = 14.2857
P/E Forward = 9.7087
P/S = 0.8763
P/B = 1.5224
P/EG = 1.58
Beta = 0.915
Revenue TTM = 4.36b USD
EBIT TTM = 543.4m USD
EBITDA TTM = 840.3m USD
Long Term Debt = 4.13b USD (from longTermDebt, last quarter)
Short Term Debt = 2.44b USD (from shortTermDebt, last quarter)
Debt = 6.57b USD (Calculated: Short Term 2.44b + Long Term 4.13b)
Net Debt = 3.01b USD (from netDebt column, last quarter)
Enterprise Value = 9.60b USD (3.84b + Debt 6.57b - CCE 816.0m)
Interest Coverage Ratio = 2.16 (Ebit TTM 543.4m / Interest Expense TTM 251.1m)
FCF Yield = 7.34% (FCF TTM 704.4m / Enterprise Value 9.60b)
FCF Margin = 16.15% (FCF TTM 704.4m / Revenue TTM 4.36b)
Net Margin = 6.44% (Net Income TTM 280.9m / Revenue TTM 4.36b)
Gross Margin = 37.45% ((Revenue TTM 4.36b - Cost of Revenue TTM 2.73b) / Revenue TTM)
Tobins Q-Ratio = 8.87 (Enterprise Value 9.60b / Book Value Of Equity 1.08b)
Interest Expense / Debt = 0.90% (Interest Expense 59.1m / Debt 6.57b)
Taxrate = 22.05% (from yearly Income Tax Expense: 114.3m / 518.3m)
NOPAT = 423.6m (EBIT 543.4m * (1 - 22.05%))
Current Ratio = 0.31 (Total Current Assets 1.05b / Total Current Liabilities 3.38b)
Debt / Equity = 2.60 (Debt 6.57b / last Quarter total Stockholder Equity 2.52b)
Debt / EBITDA = 7.82 (Net Debt 3.01b / EBITDA 840.3m)
Debt / FCF = 9.33 (Debt 6.57b / FCF TTM 704.4m)
Total Stockholder Equity = 2.56b (last 4 quarters mean)
RoA = 0.75% (Net Income 280.9m, Total Assets 37.33b )
RoE = 10.97% (Net Income TTM 280.9m / Total Stockholder Equity 2.56b)
RoCE = 8.12% (Ebit 543.4m / (Equity 2.56b + L.T.Debt 4.13b))
RoIC = 6.14% (NOPAT 423.6m / Invested Capital 6.90b)
WACC = 3.82% (E(3.84b)/V(10.41b) * Re(9.16%)) + (D(6.57b)/V(10.41b) * Rd(0.90%) * (1-Tc(0.22)))
Shares Correlation 5-Years: -100.0 | Cagr: -4.71%
Discount Rate = 9.16% (= CAPM, Blume Beta Adj.)
[DCF Debug] Terminal Value 75.41% ; FCFE base≈648.6m ; Y1≈694.6m ; Y5≈845.1m
Fair Price DCF = 124.7 (DCF Value 12.09b / Shares Outstanding 96.9m; 5y FCF grow 7.93% → 3.0% )
Revenue Correlation: 64.57 | Revenue CAGR: 8.45%
Rev Growth-of-Growth: -8.93
EPS Correlation: 11.06 | EPS CAGR: -0.61%
EPS Growth-of-Growth: -75.04

Additional Sources for CNO Stock

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