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Financials › Accident And Health Insurance

CNO Price Correlated With Financials For CNO Financial

Free historical financial statements for CNO Financial Group Inc.. See how revenue, income, cash flow, and balance sheet financials have changed over 46 quarters since 2011. Compare with CNO stock chart to see long term trends.

CNO Stock Compared to Quarterly

CNO Income Statement

Revenue, Net:855000000
Revenue Per Share:7.4005
Total Operating Expenses:679600000
Operating Income:175400000
Income Taxes:null
Net Income:136100000
Earnings Per Share, Basic:1.18
Shares Outstanding, Basic Avg:115533000

CNO Cash Flow

Operating Activities Net Income:
Depreciation, Depletion & Amortization:96800000
Net Cash from Operations:110600000
Net Cash from Operations Per Share:0.9573
Repurchases/Buybacks Common Stock:60300000
Cash Dividends Paid:16500000
Net Cash from Financing Activities:134800000
Net Cash from Investing Activities:-220000000
Net Change in Cash & Equivalents:25400000

CNO Balance Sheet

Cash and Cash Equivalents:619400000
Total Assets:33835500000
Total Liabilities:31623500000

Insider Trading

 
Change
Value
Transaction
SEC Form 4
Foss David B   Director
10,697 sh at $20
$208,602
Buy

Major Holders (from 13F filings)

Investment Type
Change
Value (x$1000)
increase or decrease
Blackrock Inc.
14,615,743 sh
1,671 sh
0%
$366,710
$18,309
Vanguard Group Inc
13,339,779 sh
-320,772 sh
-2%
$334,695
$9,027
Fuller & Thaler Asset Management, Inc.
7,044,557 sh
44,782 sh
1%
$176,748
$9,873
Pzena Investment Management LLC
7,040,430 sh
406,416 sh
6%
$176,644
$18,489
Dimensional Fund Advisors LP
5,809,100 sh
-158,329 sh
-3%
$145,752
$3,487
Lsv Asset Management
5,148,326 sh
161,000 sh
3%
$129,171
$10,273
Franklin Resources Inc
3,298,053 sh
-640,985 sh
-16%
$82,749
-$11,157
Paradice Investment Management LLC
2,562,290 sh
-1,938,065 sh
-43%
$64,288
-$43,000
Massachusetts Financial Services Co /Ma/
2,426,142 sh
-533,209 sh
-18%
$60,872
-$9,678
Northern Trust Corp
2,396,097 sh
-135,604 sh
-5%
$60,119
-$237
Geode Capital Management, LLC
2,136,091 sh
63,725 sh
3%
$53,594
$4,189
Hotchkis & Wiley Capital Management LLC
2,119,981 sh
156,968 sh
8%
$53,190
$6,392
Principal Financial Group Inc
2,063,254 sh
197,154 sh
11%
$51,766
$7,279
Allspring Global Investments Holdings, LLC
1,607,005 sh
292,046 sh
22%
$40,319
$8,971
Bank Of New York Mellon Corp
1,599,985 sh
-2,375 sh
0%
$40,144
$1,944
Allspring Global Investments Holdings, LLC
1,314,959 sh
 
$31,348
Charles Schwab Investment Management Inc
1,265,584 sh
177,814 sh
16%
$31,754
$5,821
Victory Capital Management Inc
990,362 sh
-6,828 sh
-1%
$24,739
$966
JPMorgan Chase & Co
868,217 sh
-383,270 sh
-31%
$21,783
-$8,052
Levin Easterly Partners LLC
783,850 sh
198,170 sh
34%
$19,667
$5,704
COMPANY PROFILE
BUSINESS AND BASIS OF PRESENTATION 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 these financial statements 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 exclusive agents, independent producers (some of whom sell one or more of our product lines exclusively) and direct marketing.

We prepare our financial statements in accordance with accounting principles generally accepted in the United States of America ("GAAP"). We have reclassified certain amounts from the prior periods to conform to the 2021 presentation. These reclassifications have no effect on net income or shareholders' equity.

When we prepare financial statements in conformity with GAAP, we are required to make estimates and assumptions that significantly affect reported amounts of various assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenses during the reporting periods.  For example, we use significant estimates and assumptions to calculate values for deferred acquisition costs, the present value of future profits, fair value measurements of certain investments (including derivatives), allowance for credit losses and other-than-temporary impairments of investments, assets and liabilities related to income taxes, liabilities for insurance products, liabilities related to litigation and guaranty fund assessment accruals.  If our future experience differs from these estimates and assumptions, our financial statements would be materially affected.

The accompanying financial statements include the accounts of the Company and its subsidiaries. Our consolidated financial statements exclude transactions between us and our consolidated affiliates, or among our consolidated affiliates.

In February 2021, we acquired DirectPath, LLC ("DirectPath"), a leading national provider of year-round, technology-driven employee benefits management services to employers and employees. DirectPath provides personalized benefits education, advocacy and transparency, and communications compliance services that help employers reduce healthcare costs and assist employees with making informed benefits decisions. The base purchase price was $50 million with an additional earn‐out if certain financial targets are achieved. The transaction was funded from holding company cash. The amount paid, net of cash held by DirectPath on the date of acquisition, was $46.2 million and is classified as other investing activities on the consolidated statement of cash flows. The net assets acquired totaled $53 million and were primarily comprised of goodwill and other intangible assets of approximately $48 million. The tangible assets acquired and liabilities assumed were recorded at their carrying values which approximated fair value. The intangible assets were recorded at fair value based on various assumptions determined by the Company to be reasonable at the date of acquisition including long-term growth rate, normalized net working capital, internal rate of return, economic life and discount rate. In addition, we recognized advisory and legal expenses of $3 million in connection with the acquisition (of which, $2.5 million was recognized in the first quarter of 2021). The business of DirectPath is included in our fee income segment.

DirectPath's education services engage and enroll employee

Data imported from CNO Financial Group Inc. SEC filings. Check original filings before making any investment decision.