← CNO Financial Group, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $4.0b |
$4.3b
+7.83%
|
$4.3b
+0.38%
|
$4.0b
-6.90%
|
$3.8b
-4.85%
|
$4.1b
+7.88%
|
$3.6b
-13.23%
|
$4.1b
+15.94%
|
$4.4b
+7.30%
|
$4.5b
+0.85%
|
$4.6b
+3.55%
|
|
| Fee revenue and other income | $50.5m | $48.3m | $62.1m | $143.9m | $123.5m | $159.0m | $196.5m | $210.6m | $192.1m | $196.1m | $406.0m | |
| Other operating costs and expenses | $796.3m | $841.5m | $814.2m | $932.9m | $942.0m | $987.3m | $954.6m | $1.0b | $1.1b | $1.1b | — | |
| Operating Income (Loss) | $353.2m |
$480.5m
+36.04%
|
($264.8m)
-155.11%
|
$368.3m
+239.09%
|
$463.8m
+25.93%
|
$470.6m
+1.47%
|
$357.1m
-24.12%
|
$459.5m
+28.68%
|
$550.8m
+19.87%
|
$553.2m
+0.44%
|
— | |
| Interest Expense | $116.4m | $123.7m | $149.8m | $152.3m | $108.8m | $95.4m | $137.0m | $238.6m | $254.4m | $230.9m | $216.0m | |
| Net Investment Income | $1.3b | $1.6b | $1.3b | $1.4b | $1.2b | $1.4b | $1.0b | $1.5b | $1.7b | $1.7b | $1.8b | |
| Market Risk Benefit, Change in Fair Value, Gain (Loss) | — | — | — | — | — | — | — | $21.3m | $60.5m | $12.4m | — | |
| Gain (Loss) on Investments | $8.3m | $50.3m | $352.1m | $28.2m | ($36.2m) | $19.1m | ($135.4m) | ($69.0m) | ($49.9m) | ($54.7m) | — | |
| Gain (Loss) on Derivative Instruments, Net, Pretax | — | — | — | — | — | — | — | ($7.8m) | $77.1m | ($43.6m) | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $353.2m | $480.5m | ($264.8m) | $274.2m | $344.3m | $567.7m | $517.3m | $356.8m | $518.3m | $293.4m | $355.7m | |
| Current Income Tax Expense (Benefit) | ($45.2m) | $90.8m | ($2.8m) | $19.2m | ($24.0m) | $64.1m | $31.8m | $68.3m | $26.4m | $63.7m | $76.1m | |
| Income tax expense | $127.8m | $162.8m | ($57.6m) | $58.5m | $76.5m | $126.7m | $120.5m | $80.3m | $114.3m | $64.1m | $76.1m | |
| Income Tax Expense (Benefit) | ($5.0m) | $304.9m | $50.2m | ($135.2m) | $42.5m | $126.7m | $120.5m | $80.3m | $114.3m | $64.1m | $76.1m | |
| Net Income (Loss) Attributable to Parent | $358.2m |
$175.6m
-50.98%
|
($315.0m)
-279.38%
|
$409.4m
+229.97%
|
$301.8m
-26.28%
|
$441.0m
+46.12%
|
$396.8m
-10.02%
|
$276.5m
-30.32%
|
$404.0m
+46.11%
|
$229.3m
-43.24%
|
$279.6m
+21.94%
|
|
| Earnings Per Share, Basic | $2.03 | $1.03 | ($1.90) | $2.62 | $2.12 | $3.43 | $3.43 | $2.44 | $3.81 | $2.35 | $2.96 | |
| Earnings Per Share, Diluted | $2.01 | $1.02 | ($1.90) | $2.61 | $2.11 | $3.36 | $3.37 | $2.40 | $3.74 | $2.30 | $2.90 | |
| Common Stock, Dividends, Per Share, Declared | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.56 | $0.60 | $0.63 | $0.67 | — | |
| Weighted Average Number of Shares Outstanding, Basic | 176.6m | 170.0m | 165.5m | 156.0m | 142.1m | 128.4m | 115.7m | 113.3m | 106.1m | 97.8m | 94.8m | |
| Weighted average shares outstanding (in shares) | 178.3m | 172.1m | 165.5m | 157.1m | 143.2m | 131.1m | 117.7m | 115.1m | 108.1m | 99.8m | — | |
| Weighted Average Number of Shares Outstanding, Diluted | 178.3m | 172.1m | 165.5m | 157.1m | 143.2m | 131.1m | 117.7m | 115.1m | 108.1m | 99.8m | 96.7m | |
| Expenses | ||||||||||||
| Additional Financial Items | ||||||||||||
| Deferred Policy Acquisition Costs, Amortization Expense | $191.1m | $184.9m | $219.2m | $195.4m | $233.4m | $252.4m | $282.7m | $192.6m | $215.3m | $238.8m | — | |
| Other Cost and Expense, Operating | $796.3m | $841.5m | $814.2m | $932.9m | $942.0m | $987.3m | $954.6m | $1.0b | $1.1b | $1.1b | — | |
| Realized Investment Gains (Losses) | $8.3m | $50.3m | ($11.3m) | ($1.7m) | ($18.4m) | $21.3m | ($17.9m) | ($69.3m) | ($75.6m) | ($59.6m) | — | |
| Insurance policy income | $2.6b | $2.6b | $2.6b | $2.5b | $2.5b | $2.5b | $2.5b | $2.5b | $2.6b | $2.6b | — | |
| General account assets | $1.2b | $1.3b | $1.3b | $1.1b | $1.1b | $1.1b | $1.2b | $1.3b | $1.4b | $1.5b | — | |
| Policyholder and other special-purpose portfolios | $121.1m | $265.9m | $26.5m | $257.7m | $143.5m | $280.5m | ($163.1m) | $249.5m | $329.4m | $181.0m | — | |
| Realized investment losses | $8.3m | $50.3m | ($11.3m) | ($1.7m) | ($18.4m) | $21.3m | ($17.9m) | ($69.3m) | ($75.6m) | ($59.6m) | — | |
| Other investment gains | — | — | — | $29.9m | ($17.8m) | ($2.2m) | ($117.5m) | $300k | $25.7m | $4.9m | — | |
| Insurance policy benefits | $2.4b | $2.6b | $2.3b | $2.4b | $2.2b | $2.2b | $1.7b | $2.3b | $2.5b | $2.5b | — | |
| Liability for future policy benefits remeasurement loss | — | — | — | — | — | ($51.3m) | ($15.6m) | ($21.2m) | ($41.1m) | ($70.7m) | — | |
| Change in fair value of market risk benefits | — | — | — | — | — | ($23.1m) | ($140.2m) | ($21.3m) | ($60.5m) | ($12.4m) | — | |
| Amortization of deferred acquisition costs and present value of future profits | $253.3m | $239.3m | $264.3m | $232.1m | $268.1m | $281.1m | $309.6m | $227.4m | $251.2m | $278.0m | — | |
| Goodwill and other asset impairment | — | — | — | — | — | — | — | $0 | $0 | $101.9m | — | |
| Gain on extinguishment of borrowings related to variable interest entities | $0 | $0 | $0 | $7.3m | $0 | $0 | — | $0 | $0 | ($1.5m) | — | |
| Policyholder Benefits and Claims Incurred, Net | $2.4b | $2.6b | $2.3b | $2.4b | $2.2b | $2.2b | $1.7b | $2.3b | $2.5b | $2.5b | — | |
| Benefits, Losses and Expenses | $3.6b | $3.8b | $4.6b | $3.7b | $3.5b | $3.6b | $3.1b | $3.8b | $3.9b | $4.2b | — | |
| Premiums Earned, Net | $2.6b | $2.6b | $2.6b | $2.5b | $2.5b | $2.5b | $2.5b | $2.5b | $2.6b | $2.6b | — | |
| Total investment losses | $8.3m | $50.3m | $352.1m | $28.2m | ($36.2m) | $19.1m | ($135.4m) | ($69.0m) | ($49.9m) | ($54.7m) | — | |
| Total benefits and expenses | $3.6b | $3.8b | $4.6b | $3.7b | $3.5b | $3.6b | $3.1b | $3.8b | $3.9b | $4.2b | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.