Cno Financial Group, Inc.

Finance
Accident &Health Insurance
www.cnoinc.com

Earnings Score
Moat Score

Market Cap $3.82B
PE 9
Debt $1.85B
Cash $2.00B
EV $3.67B
FCF -

Earnings

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Sales & Net Margins

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Earnings	$404.00M
EBIT	$550.80M
ROE	16%
ROA	1%
Equity	$2.50B
Growth Stability	-117%
PE	9.46
PEG	-1.86
PB	1.53
P/S	0.86
Price/Cash	0.52
Debt/Equity	0.74
Net Margins	9%
Op. Margins	12%
Earnings CAGR	2%
Sales Growth YoY	-6%
Sales Growth QoQ	-3%
Sales CAGR	-0%
Equity CAGR	-8%
Earnings Stability	0.05
Earnings Growth YoY	358%
Earnings Growth QoQ	2K%

Earnings CAGR 5Y	-5%
Sales CAGR 5Y	3%
Equity CAGR 5Y	-20%
Earnings CAGR 3Y	8%
Sales CAGR 3Y	8%
Equity CAGR 3Y	7%
Market Cap	$3.82B
Revenue	$4.45B
Dividend Yield	2%
Payout Ratio	17%
Assets	$37.85B
Total Debt	$1.85B
Cash	$2.00B
Shares Outstanding	101.62M
EV	3.67B
Earnings Score	6%
Moat Score	67%
Shares Growth 3y	-5%
Equity Growth QoQ	-7%
Equity Growth YoY	13%

Assets & ROA

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Stockholders Equity & ROE

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CNO Financial Group is a holding company for a group of insurance companies that offers middle-income American consumers insurance and securities products through exclusive agents, independent producers, and direct marketing. Consumers are served through the phone, online, the mail, face-to-face with agents, or sales channels. The company's operating segments include annuity, health, and life insurance product lines as well as the investment and fee revenue segments. Maximum revenue is generated from the health product line segment. Annuity premiums account for most of the total premiums collected. Annuity products include fixed index annuities, traditional fixed-rate annuities, and single-premium immediate annuity products.

SEC Filings

Direct access to Cno Financial Group, Inc. (CNO) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Cno Financial Group, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Cno Financial Group, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 2%

Stability 5%

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Cno Financial Group, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Cno Financial Group, Inc..

Years

Calculation mode

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
DCF		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Value	$0

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	7%	9%	4%	-7%	10%	8%	11%	11%	7%	9%	9%
ROA	-	1%	2%	1%	1%	1%	2%	2%	1%	1%	1%
ROE	-	8%	4%	-9%	9%	6%	8%	28%	12%	16%	16%

Net Margins (9.08%)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	-	-	-	-	-	-	-	-	-	-
Debt over Equity	0.22	0.21	0.19	0.27	0.21	0.21	0.22	0.82	0.52	0.74	0.74
Growth Stability	-	-	-	-117%	100%	100%	100%	100%	73%	100%	-117%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Good Debt/Equity ratio (0.74)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (-117%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	5%	8%	0%	-7%	-5%	8%	-13%	16%	7%	3%
Earnings YoY growth	-	32%	-51%	-279%	-230%	-26%	46%	-10%	-30%	46%	-5%
Equity YoY growth	-	8%	8%	-30%	39%	17%	-4%	-73%	58%	13%	-20%
FCF YoY growth	-	-	-	-	-	-	-	-	-	-	-