CNO Financial (CNO) financial statements
CNO Financial reported revenue of $4.5B in fiscal 2025, up 1.3% a year over 9 years.
Net income was $229M and the operating margin 12.3%, against 8.9% in 2016.
The diluted share count fell 44% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from CNO Financial's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.0B | $4.3B | $4.3B | $4.0B | $3.8B | $4.1B | $3.6B | $4.1B | $4.4B | $4.5B |
| Operating income | $353M | $455M | $381M | $368M | $464M | $515M | $467M | $460M | $551M | $553M |
| Interest expense | $116M | $124M | $150M | $152M | $109M | $95M | $137M | $239M | $254M | $231M |
| Pre-tax income | $353M | $480M | -$265M | $274M | $344M | $733M | $816M | $357M | $540M | $293M |
| Income tax | -$5M | $305M | $50M | -$135M | $42M | $163M | $186M | $80M | $119M | $64M |
| Net income | $358M | $176M | -$315M | $409M | $302M | $570M | $631M | $276M | $421M | $229M |
| EPS (diluted) | $2.01 | $1.02 | -$1.90 | $2.61 | $2.11 | $4.35 | $5.36 | $2.40 | $3.89 | $2.30 |
| Diluted shares | 178M | 172M | 165M | 157M | 143M | 131M | 118M | 115M | 108M | 100M |
| Operating margin | 8.9% | 10.6% | 8.8% | 9.2% | 12.1% | 12.5% | 13.0% | 11.1% | 12.4% | 12.3% |
| Net margin | 9.0% | 4.1% | -7.3% | 10.2% | 7.9% | 13.8% | 17.6% | 6.7% | 9.5% | 5.1% |
Balance sheet
Fiscal years, from CNO Financial's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $668M | $757M | $657M | $655M | $992M | $732M | $645M | $889M | $2.0B | $984M |
| Total assets | $32.0B | $33.1B | $31.4B | $33.6B | $35.3B | $36.2B | $33.1B | $35.0B | $37.8B | $38.8B |
| Total liabilities | $27.5B | $28.3B | $28.1B | $29.0B | $29.9B | $30.9B | $31.4B | $32.8B | $35.3B | $36.2B |
| Shareholders' equity | $4.5B | $4.8B | $3.4B | $4.7B | $5.5B | $3.7B | $1.8B | $2.2B | $2.5B | $2.6B |
| Net debt | -$668M | -$757M | -$657M | -$655M | -$992M | -$732M | -$645M | -$889M | -$2.0B | -$984M |
Cash flow
Fiscal years, from CNO Financial's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $776M | $633M | $318M | $697M | $736M | $598M | $495M | $583M | $628M | $676M |
| Dividends paid | $55M | $60M | $65M | $67M | $67M | $66M | $65M | $68M | $68M | $66M |
| Share buybacks (net) | -$210M | -$168M | -$108M | -$254M | -$268M | -$408M | -$190M | -$166M | -$300M | -$331M |
| Dividends per share | $0.31 | $0.35 | $0.39 | $0.43 | $0.47 | $0.50 | $0.55 | $0.59 | $0.63 | $0.66 |
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What was CNO Financial's revenue in 2025?
$4.5B in fiscal 2025, from its 10-K filing.
From CNO Financial's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.