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Companies / Financials / CNO Financial Group, Inc.
CNO

CNO Financial Group, Inc.

FinancialsAccident & Health Insurance
Ticker CNOCARMEL, INFiscal year ends DecemberBook value per share $24.43Diluted shares 95.1M

CNO Financial Group, Inc. (NYSE: CNO) is a holding company for insurance companies that develop, market and administer health insurance, annuities, individual life insurance and other insurance and financial services products, primarily for middle-income Americans approaching or in retirement. It sells through… From the company’s description.

Over the twelve months to Sep 30, 2026, CNO Financial Group, Inc. reported revenue of $4.54B, up 2.3% from a year earlier, and net income of $417.60M. Its operating margin was 19.0%, and operations generated $743.10M in cash. In fiscal 2025, it reported revenue of $4.49B, up 0.9% from fiscal 2024, and net income of $229.30M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$4.49BFY2025
+0.9% year over year
Last 12 mo $4.54B
12.59%FY2025
−5 percentage points
Last 12 mo 18.95%
$229.30MFY2025
−45.5% year over year
Last 12 mo $417.60M
8.69%FY2025
−8 percentage points
Last 12 mo 17.97%
Cash & financing
$675.70MFY2025
+7.6% year over year
Last 12 mo $743.10M
$675.70MFY2025
+7.6% year over year
Last 12 mo $743.10M
1.43FY2025
Was 1.60× a year earlier
Last 12 mo 1.95
99.8MFY2025
−7.7% year over year
Last 12 mo 95.1M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What CNO Financial Group, Inc. does

In the company’s own words

CNO Financial Group, Inc. (NYSE: CNO) is a holding company for insurance companies that develop, market and administer health insurance, annuities, individual life insurance and other insurance and financial services products, primarily for middle-income Americans approaching or in retirement. It sells through exclusive agents, independent producers and direct marketing, serving individual consumers as well as businesses, associations and membership groups through workplace benefits. Its insurance operations span annuity, health and life products, alongside investment and fee income activities; consumer and worksite divisions organize its customer-facing distribution. Products include fixed indexed and fixed interest annuities, Medicare supplement, supplemental health and long-term care coverage, and traditional and interest-sensitive life insurance. Its primary brands are Bankers Life, Washington National and Colonial Penn; Optavise provides workplace benefits services and technology. For 2025, CNO reported $4.5 billion in revenue and $38.8 billion in total assets. The company succeeded Conseco following a bankruptcy reorganization effective in 2003. Its website is www.CNOinc.com.

Company details
Sector
Financials
Industry (SIC)
Accident & Health Insurance
Headquarters
CARMEL, IN
Fiscal year end
December
CIK
1224608
SIC
6321

Financial performance, year by year

Fiscal 2011–2025 · USD
$-800.89M$656.78M$2.11B$3.57B$5.03B201120122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns CNO Financial Group, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

372
funds hold it
0 of 35
superinvestors hold it
$2.34B
held by funds, at market
52.9%
of shares held by funds
2
bond issues held by funds

Largest fund holders · CNO Financial Group, Inc.’s weight in each

iShares Core S&P Mid-Cap ETF
IJH · iShares Trust
0.13%of fund net assets
Undiscovered Managers Behavioral Value Fund
UBVLX · UNDISCOVERED MANAGERS FUNDS
1.61%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
Avantis U.S. Small Cap Value ETF
AVUV · American Century ETF Trust
—of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.15%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

CNO Financial Group, Inc.’s bonds, as funds hold them

Funds report holding 2 issues of CNO Financial Group, Inc.’s debt, $426.55M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 5.93%, maturing 2029 to 2034.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do CNO Financial Group, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of CNO Financial Group, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in CNO Financial Group, Inc.'s last four quarterly filings that the numbers alone won't show?”
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