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CNO Financial Group, Inc.
CNO Financial Group, Inc. (CNO) is listed on NYSE and classified in Insurance - Life, part of the Financial Services sector. It is headquartered in Carmel, United States and has 3,200 employees. The company is worth $5.13B and trades at 19.2x its earnings of the last twelve months; the median for its sector is 13.2x. Revenue was $4.49B in fiscal 2025, up 0.9% from the year before. Net income was $229.3M. The share price is 3.6% below its 52-week high of $57.59. It pays a dividend yielding 1.30%, and has raised its annual dividend for 12 years in a row in our records. 6 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Cliff Asness (AQR Capital Management), at $137.44M. In that quarter, 3 of them opened or added to the position and 3 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +141.4% over 5Y.
today you would have $2,516.90▲ +151.7%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 18 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $42.47 | $37.21 | $27.90 | $22.85 | $23.84 | $22.23 | $18.13 | $14.88 | $24.69 | $19.15 | $19.09 | $17.22 | $17.69 | $9.33 | $6.31 | $6.78 | $5.00 | $5.18 |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 1.7% a year plus a 1.3% dividend yield. Growth capped at 25%.
Median P/E of 13.2 among peers in the sector.
Median P/E of 10.1 across this company’s own years on record.
Cash flow growing 1.7% a year for 10 years, discounted at 10%, then 2.5% forever.
Sector median of 12.4x operating profit, less net debt. Banks have no EBITDA.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Financial Services, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| EBCEastern Bankshares, Inc. | $22.11 | 12.0x | 1.1x | 2.53% | 9.44% | $5.05B |
| KLARKlarna Group plc | $13.23 | — | 2.1x | 0.00% | -4.29% | $5.02B |
| AXAxos Financial, Inc. | $92.53 | 10.9x | 1.7x | 0.00% | 16.77% | $5.26B |
| VIRTVirtu Financial, Inc. | $56.25 |
| P/E | 10.1x | 18.5x | 9.6x | 11.6x | 4.3x | 5.5x | 10.5x | 6.9x | — | 24.2x | 9.5x | 13.7x | 71.7x | 8.6x | 11.2x | 5.5x | 8.1x | 11.1x | — |
| P/S | 0.7x | 0.9x | 0.8x | 0.7x | 0.7x | 0.7x | 0.8x | 0.7x | 0.6x | 1.0x | 0.8x | 0.9x | 0.8x | 0.9x | 0.5x | 0.4x | 0.4x | 0.3x | 0.2x |
| P/B | 0.7x | 1.5x | 1.5x | 1.4x | 1.5x | 0.8x | 0.5x | 0.6x | 0.7x | 0.8x | 0.7x | 0.8x | 0.7x | 0.8x | 0.4x | 0.3x | 0.4x | 0.4x | 0.6x |
| EPS | $2.30 | $3.89 | $2.40 | $5.36 | $4.35 | $2.11 | $2.61 | -$1.90 | $1.02 | $2.01 | $1.39 | $0.24 | $2.06 | $0.83 | $1.15 | $0.84 | $0.45 | -$6.13 |
| Dividend yield | 1.66% | 1.58% | 1.69% | 2.11% | 2.41% | 2.14% | 2.11% | 2.37% | 2.62% | 1.42% | 1.62% | 1.41% | 1.39% | 0.62% | 0.64% | — | — | — | — |
| Payout | 16.48% | 29.13% | 16.20% | 24.58% | 10.26% | 11.72% | 22.27% | 16.48% | — | 34.31% | 15.42% | 19.42% | 100.00% | 5.34% | 7.23% | — | — | — | — |
| Profit margin | 6.88% | 5.11% | 9.46% | 6.67% | 17.63% | 13.83% | 7.90% | 10.19% | -7.30% | 4.09% | 8.99% | 7.10% | 1.24% | 10.68% | 5.09% | 8.14% | 5.89% | 1.97% | -27.03% |
| ROE | 6.91% | 8.69% | 16.73% | 12.48% | 35.65% | 15.48% | 5.50% | 8.75% | -9.34% | 3.62% | 7.98% | 6.54% | 1.10% | 9.65% | 4.38% | 7.28% | 6.31% | 2.82% | -69.47% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
+37.7% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 9.3x |
| 2.7x |
| 1.71% |
| 53.62% |
| $4.97B |
| WTMWhite Mountains Insurance Group Ltd | $2,247.52 | 5.1x | 1.0x | 0.04% | 20.36% | $5.36B |
| FIGRFigure Technology Solutions, Inc. | $24.04 | 25.8x | 3.8x | 0.00% | 26.12% | $5.39B |
