ES
MARKETS / NYSE / CNO
NYSE · ACCIDENT & HEALTH INSURANCE · LARGE CAP

CNO Financial Group, Inc. CNO

18 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY13 YEARS OF DIVIDEND GROWTH
Revenue · FY2025
$4.5B
▲ 0.9% vs FY2024
Dividend streak
13 yrs
Raised every year since 2013
EPS · FY25
$2.30
Dividend / sh · FY25
$0.67
Payout · FY25
29%
ROE · FY25
8.9%
Net margin · FY25
5.1%
Dividend coverage
3.4×
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Result
USD 4.5B
Revenue, FY2025 · full 18-year series below
Revenue Net income
2464.50.22008201120142017202020232025
2464.50.22016201920222025

5 cents of every revenue dollar became profit this year.

Per share
USD 2.30
Diluted EPS, FY2025
EPS Dividend
2460.672.302008201120142017202020232025
2460.672.302016201920222025

Earnings covered the dividend 3.4 times — the rest stayed in the company.

Profitability
8.9%
Return on equity, FY2025
ROE
816248.9%2008201120142017202020232025
816248.9%2016201920222025
Operating margin12.3%
Net margin5.1%
Return on assets0.6%

Each USD of equity produced 9 cents of profit this year.

Returned to shareholders
USD 386.0M
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 66.2M
Net buybacksUSD 319.8M
Share of profit168.3%
Consecutive raises13 years

USD 66.2M in dividends and USD 319.8M in buybacks — 168% of the year's profit, so the payout drew on cash built up earlier.

Growth
+3.3% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+7.9%
+3.3%
+1.6%
+0.6%
Net income
−28.6%
−5.3%
−1.6%
−0.3%
EPS, diluted
−24.6%
+1.7%
+5.2%
+6.9%
Dividend / share
+6.8%
+7.3%
+9.5%
Returned to shareholders
+16.9%
+4.1%
−0.6%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.09B
Shares outstanding, FY2025
0.250.092008201120142017202020232025
0.170.092016201920222025
Change, 5 years−30.2%
Change, 10 years−48.7%

The share count shrank 30% in five years — the same company, cut into fewer, larger slices.

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Balance sheet
USD 38.8B
total assets, end of FY2025
Total assetsUSD 38.8B
EquityUSD 2.6B
CashUSD 983.5M
Gross debtUSD 1.3B
Net debtUSD 352.1M

Net debt stands at 13% of equity.

History
18 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
Revenue $B
4.5
4.4
4.1
3.6
4.1
3.8
4.0
4.3
4.3
4.0
3.8
4.1
4.5
4.3
4.1
4.1
4.3
4.2
Operating income $B
0.6
0.6
0.5
0.5
0.5
0.5
0.4
0.4
0.5
·
·
·
·
·
·
·
·
·
EBITDA $B
0.9
0.8
0.7
0.7
0.8
0.8
0.6
0.7
0.7
·
·
·
·
·
·
·
·
·
Income tax $B
0.1
0.1
0.1
0.2
0.2
0.0
−0.1
0.1
0.3
−0.0
0.1
0.1
−0.2
−0.1
−0.0
−0.0
0.1
0.0
Net income $B
0.2
0.4
0.3
0.6
0.6
0.3
0.4
−0.3
0.2
0.4
0.3
0.1
0.5
0.2
0.3
0.2
0.1
−1.1
EPS, diluted $
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 / sh $
0.67
0.63
0.59
0.55
0.51
0.47
0.43
0.39
0.35
0.31
0.27
0.24
0.11
0.06
·
·
·
·
Payout %
29
16
25
10
12
22
16
−21
34
15
19
99
5
6
0
0
·
·
ROE %
8.9
17.8
13.9
23.1
12.4
5.9
10.2
−7.7
3.8
8.3
6.1
1.1
9.6
4.6
8.0
7.0
3.7
−69.5
Shares out B
0.09
0.10
0.11
0.11
0.12
0.14
0.15
0.16
0.17
0.17
0.18
0.20
0.22
0.22
0.24
0.25
0.25
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
35 of 35
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed