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CNO Financial Group, Inc. (CNO)

As-reported financials and SEC filings for CNO Financial Group, Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About CNO Financial Group, Inc.

CNO Financial Group, Inc. is a holding company for insurance subsidiaries that develop, market, and administer health insurance, annuities, individual life insurance, and other financial services products. The company primarily serves middle-income pre-retiree and retired Americans through two sales divisions: Consumer, which engages individual customers via agents and direct marketing, and Worksite, which sells voluntary insurance benefits to employees through their workplaces. CNO markets its products under the Bankers Life, Washington National, and Colonial Penn brands across all fifty states and the District of Columbia.

Snapshot

Revenue
$4.49B
Revenue growth (YoY)
0.9%
Net income
$229.3M
Diluted EPS
$2.30
Gross margin
Operating margin
12.3%
Net margin
5.1%
FCF margin
ROE
8.7%
net income / fiscal-year-end equity
P/E
18.7×
trailing when available, otherwise FY EPS
Market cap
$5.06B
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at CNO Financial Group

  • Revenue grew 0.9% to $4.5B in FY2025, slower than the 7.3% the year before.
  • Operating margin is 12.3% in FY2025, -0.2 pp against 12.5% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $1.3B, up 11.6% from Q2 FY2025.
  • Net income fell 45.5% to $229M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where CNO Financial Group’s fundamentals sit among the 425 Financials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin12.3%
50th percentile of 146
Net margin5.1%
25th percentile of 377
Revenue growth (YoY)+0.9%
20th percentile of 420
ROE8.7%
45th percentile of 375
P/E18.7×
72nd percentile of 318
Short interest2.77d
28th percentile of 420

No reported insider purchases (code P) in the last 90 days; 5 insider sales totaling $5.0M. For context, about 14% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 1 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
1
+6 quant / multi-strat
Initiated / added
3
0 new, 3 added
Reduced / exited
4
4 trimmed, 0 exited
Combined position
$210.6M
reported long value
InvestorAs ofPosition valueSharesChange
AQR Capital ManagementquantQ2 2026$137.4M2.7MAdded
Two Sigma InvestmentsquantQ2 2026$22.0M431.6KAdded
Millennium ManagementquantQ2 2026$20.2M395.4KAdded
Citadel AdvisorsquantQ2 2026$16.1M315.3KReduced
D. E. ShawquantQ2 2026$7.4M145.3KReduced
Bridgewater AssociatesQ2 2026$4.5M89.1KReduced
Point72 Asset ManagementquantQ2 2026$2.9M57.6KReduced

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
5
$5.0M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-07-01
Tarasi Rocco F. IIIChief Marketing OfficerSell1.9K$51.31$97K
2026-06-30
filed 2026-07-01
Bhojwani Gary C.Chief Executive OfficerSell44.3K$51.48$2.3M
2026-06-30
filed 2026-07-01
Bhojwani Gary C.Chief Executive OfficerSell41.8K$51.48$2.2M
2026-06-11
Tarasi Rocco F. IIIChief Marketing OfficerSell5.8K$50.00$288K
2026-06-10
filed 2026-06-11
Tarasi Rocco F. IIIChief Marketing OfficerSell3.3K$49.00$162K
2026-06-02
filed 2026-06-04
Tarasi Rocco F. IIIChief Marketing OfficerSell4.8K$47.00$226K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
1.7M
settled 2026-08-14
Change vs prior
+8.7%
vs previous settlement
Days to cover
2.77
at avg daily volume
Avg daily volume
612.3K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-141.7M+8.7%2.77
2026-07-311.6M-5.8%2.34
2026-07-151.7M-27.4%2.16
2026-06-302.3M+19.2%1.97
2026-06-151.9M+4.7%2.30
2026-05-291.8M-3.9%3.14
2026-05-151.9M-18.1%2.16
2026-04-302.3M+17.5%4.21

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$4.49B$4.45B$4.15B$3.58B$4.12B
Gross profit
Operating income$553.2M$550.8M$459.5M$466.7M$514.7M
Net income$229.3M$420.8M$276.5M$630.6M$570.3M
Diluted EPS$2.30$3.89$2.40$5.36$4.35

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$983.5M$2.00B$889.0M$644.9M$731.7M
Current assets
Total assets$38.79B$37.85B$35.03B$33.13B$36.20B
Current liabilities
Long-term debt
Total liabilities$36.15B$35.33B$32.81B$31.36B$30.94B
Total equity$2.64B$2.52B$2.22B$1.77B$3.68B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$675.7M$627.7M$582.9M$495.4M$598.3M
Capital expenditure
Free cash flow

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$1.29B11.6%$125.9M$1.33
Q1 FY2026$1.03B2.5%$37.7M$0.39
Q4 FY2025$1.14B4.2%$92.9M$0.95
Q3 FY2025$1.19B5.2%$23.1M$0.24
Q2 FY2025$1.15B8.0%$91.8M$0.91
Q1 FY2025$1.00B-13.2%$21.5M$0.21
Q4 FY2024$1.10B-6.3%$182.9M$1.74
Q3 FY2024$1.13B19.2%$9.3M$0.09

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorFinancials
SIC industryAccident & Health Insurance
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2016
SEC CIK1224608

Selected SEC filings

10-Q2026-08-06
View on EDGAR →
10-Q2026-05-07
View on EDGAR →
8-K2026-07-30
View on EDGAR →
8-K2026-05-13
View on EDGAR →
8-K2026-04-30
View on EDGAR →

Largest Financials peers

All Financials companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.