Company Quick10K Filing
CNO Financial
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 161 $2,670
10-Q 2019-11-06 Quarter: 2019-09-30
10-Q 2019-08-06 Quarter: 2019-06-30
10-Q 2019-05-03 Quarter: 2019-03-31
10-K 2019-02-26 Annual: 2018-12-31
10-Q 2018-11-05 Quarter: 2018-09-30
10-Q 2018-08-03 Quarter: 2018-06-30
10-Q 2018-05-02 Quarter: 2018-03-31
10-K 2018-02-23 Annual: 2017-12-31
10-Q 2017-11-01 Quarter: 2017-09-30
10-Q 2017-08-04 Quarter: 2017-06-30
10-Q 2017-05-03 Quarter: 2017-03-31
10-K 2017-02-21 Annual: 2016-12-31
10-Q 2016-11-07 Quarter: 2016-09-30
10-Q 2016-08-02 Quarter: 2016-06-30
10-Q 2016-05-04 Quarter: 2016-03-31
10-K 2016-02-19 Annual: 2015-12-31
10-Q 2015-11-03 Quarter: 2015-09-30
10-Q 2015-08-03 Quarter: 2015-06-30
10-Q 2015-05-05 Quarter: 2015-03-31
10-K 2015-02-20 Annual: 2014-12-31
10-Q 2014-11-06 Quarter: 2014-09-30
10-Q 2014-08-05 Quarter: 2014-06-30
10-Q 2014-05-06 Quarter: 2014-03-31
10-K 2014-02-24 Annual: 2013-12-31
10-Q 2013-11-01 Quarter: 2013-09-30
10-Q 2013-08-02 Quarter: 2013-06-30
10-K 2013-02-19 Annual: 2012-12-31
10-Q 2012-11-01 Quarter: 2012-09-30
10-Q 2012-07-27 Quarter: 2012-06-30
10-Q 2012-05-04 Quarter: 2012-03-31
10-K 2012-02-27 Annual: 2011-12-31
10-Q 2011-10-31 Quarter: 2011-09-30
10-Q 2011-08-01 Quarter: 2011-06-30
10-Q 2011-05-05 Quarter: 2011-03-31
10-K 2011-02-24 Annual: 2010-12-31
10-Q 2010-11-08 Quarter: 2010-09-30
10-Q 2010-08-06 Quarter: 2010-06-30
10-Q 2010-05-10 Quarter: 2010-03-31
10-K 2010-03-04 Annual: 2009-12-31
8-K 2020-02-19 Officers, Other Events, Exhibits
8-K 2020-02-11 Earnings, Exhibits
8-K 2020-01-14 Regulation FD, Exhibits
8-K 2019-11-19 Regulation FD, Exhibits
8-K 2019-11-14 Officers, Regulation FD, Exhibits
8-K 2019-11-05 Earnings, Exhibits
8-K 2019-09-05 Regulation FD, Exhibits
8-K 2019-08-06 Officers, Other Events, Exhibits
8-K 2019-07-30 Earnings, Exhibits
8-K 2019-06-12 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-05-29 Enter Agreement, Off-BS Arrangement, Other Events, Exhibits
8-K 2019-05-28 Other Events, Exhibits
8-K 2019-05-28 Other Events, Exhibits
8-K 2019-05-10 Shareholder Vote, Regulation FD, Exhibits
8-K 2019-04-30 Earnings, Exhibits
8-K 2019-04-29 Earnings, Other Events, Exhibits
8-K 2019-03-18 Officers, Other Events, Exhibits
8-K 2019-03-04 Regulation FD, Exhibits
8-K 2019-02-13 Earnings, Exhibits
8-K 2019-02-12 Earnings, Exhibits
8-K 2018-11-01 Earnings, Exhibits
8-K 2018-10-31 Earnings, Exhibits
8-K 2018-10-25 Other Events, Exhibits
8-K 2018-09-27 Enter Agreement, M&A, Exhibits
8-K 2018-08-02 Earnings, Exhibits
8-K 2018-08-01 Enter Agreement, Exhibits
8-K 2018-08-01 Earnings, Exhibits
8-K 2018-05-09 Shareholder Vote, Regulation FD, Exhibits
8-K 2018-04-26 Earnings, Exhibits
8-K 2018-04-25 Earnings, Exhibits
8-K 2018-02-14 Earnings, Exhibits
8-K 2018-02-13 Earnings, Exhibits

CNO Financial Financials

CNO Metrics, Comps, Filings

Annual | Quarterly

Business

CNO Financial Group, Inc., a Delaware corporation ("CNO"), is a holding company for a group of insurance companies operating throughout the United States that develop, market and administer health insurance, annuity, individual life insurance and other insurance products. The terms "CNO Financial Group, Inc.", "CNO", the "Company", "we", "us", and "our" as used in this report refer to CNO and its subsidiaries. Such terms, when used to describe insurance business and products, refer to the insurance business and products of CNO's insurance subsidiaries.

We focus on serving middle-income pre-retiree and retired Americans, which we believe are attractive, underserved, high growth markets. We sell our products through three distribution channels: career agents, independent producers (some of whom sell one or more of our product lines exclusively) and direct marketing. As of December 31, 2018, we had shareholders' equity of $3.4 billion and assets of $31.4 billion. For the year ended December 31, 2018, we had revenues of $4.3 billion and a net loss of $315.0 million (including a loss on a reinsurance transaction of $661.1 million, net of taxes and gains recognized on the assets transferred in the transaction). See our consolidated financial statements and accompanying footnotes for additional financial information about the Company and its segments.

The Company manages its business through the following operating segments: Bankers Life, Washington National and Colonial Penn, which are defined on the basis of product distribution; long-term care in run-off; and corporate operations, comprised of holding company activities and certain noninsurance company businesses. On September 27, 2018, the Company completed a long-term care reinsurance transaction pursuant to which its wholly-owned subsidiary, Bankers Life and Casualty Company ("Bankers Life"), entered into an agreement with Wilton Reassurance Company ("Wilton Re") to cede all of its legacy (prior to 2003) comprehensive and nursing home long-term care policies (with statutory reserves of $2.7 billion) through 100% indemnity coinsurance. In anticipation of the reinsurance agreement, the Company reorganized its business segments to move the block to be ceded from the "Bankers Life segment" to the "Long-term care in run-off segment" in the third quarter of 2018. All prior period segment disclosures have been revised to conform to management's current view of the Company's operating segments.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Aflac (AFL) 41,339 0% 8.6 2% 151,400 123,159 21,951 0 3,115 4,445 38,320
Principal Financial Group (PFG) 15,792 0% 9.1 1% 267,918 253,512 15,835 0 1,541 1,793 16,269
Unum Group (UNM) 7,000 0% 16.1 1% 65,844 56,391 11,813 0 526 637 10,280
Assurant (AIZ) 6,842 0% 11.8 1% 43,140 37,379 9,568 0 391 625 7,359
AllianceBernstein (AB) 2,747 10.7 16% 1,430 0 0 0 231 258 2,747
South State (SSB) 2,720 5.7 1% 15,683 13,309 0 0 182 325 1,868
National General Holdings (NGHC) 2,687 0% 6.6 3% 9,667 7,206 4,858 0 264 475 3,158
Washington Federal (WAFD) 2,686 5.1 1% 16,469 14,456 0 0 209 466 2,397
Union Bankshares (UBSH) 2,685 10.0 1% 17,159 14,647 0 0 167 357 3,585
Columbia Banking System (COLB) 2,683 9.2 1% 13,091 10,957 0 0 189 263 2,424
CNO Financial (CNO) 2,670 0% 65.4 -1% 32,716 28,464 4,262 0 -412 47 3,062
Fulton Financial (FULT) 2,666 0% 4.7 1% 21,309 19,000 201 0 240 460 2,167
Nelnet (NNI) 2,651 1.6 1% 24,220 21,893 0 0 131 1,030 1,598
Carlyle Group (CG) 2,649 0% 5.5 7% 13,401 9,782 2,979 0 1,000 1,178 6,518
Cadence Bancorporation (CADE) 2,600 4.7 1% 17,504 15,078 0 0 186 443 2,066
Hudson Pacific Properties (HPP) 2,576 66.0 1% 2,802 907 0 0 25 47 3,115
Independent Bank (INDB) 2,546 11.9 1% 11,603 9,967 0 0 129 221 2,621
First Interstate Bancsystem (FIBK) 2,542 4.6 1% 14,415 12,466 0 0 161 308 1,413
Triple-S Management (GTS) 515 0% 5.2 1% 2,837 1,916 3,172 0 37 72 376

Balance Sheet ($MM)2010-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash57213187129106578657
Accounts Receivable
Inventory
PP&E
Assets31,9005,9895,7075,2645,59833,11031,440
Accounts Payable
Long-Term Debt860797911925915925
Liabilities27,5741,0341,0181,1261,11128,26328,069
Stockholders' Equity4,3254,9554,6884,1384,4874,8483,371
Income Statement ($MM)2010-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue4,084232319334,2974,314
Cost of Revenue
Gross Profit
R&D
SG&A
Tax104844730550
Net Income28547851271358176-315
Cash Flow ($MM)2010-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating734-66-67-55-114613318
Cash Investing-1,299222331300211-240-526
Cash Financing613-191-308-203-120-274107