CNO Financial Group

OverviewSuggest Edit

CNO Financial Group, Inc. 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 Company manages its business through the following operating segments: Bankers Life, Washington National, and Colonial Penn. Bankers Life, which markets and distributes Medicare supplement insurance, interest-sensitive life insurance, traditional life insurance, fixed annuities and long-term care insurance products to the middle-income senior market through a dedicated field force of career agents, financial and investment advisors, and sales managers supported by a network of community-based sales offices. Washington National, which markets and distributes supplemental health (including specified disease, accident and hospital indemnity insurance products) and life insurance to middle-income consumers at home and at the worksite. These products are marketed through Performance Matters Associates and through independent marketing organizations and insurance agencies including worksite marketing. The products being marketed are underwritten by Washington National Insurance Company. This segment's business also includes certain closed blocks of annuities and Medicare supplement policies which are no longer being actively marketed by this segment and were primarily issued or acquired by Washington National.

TypePublic
Founded1979
HQCarmel, US
Websitecnoinc.com
Employee Ratings2.6

Latest Updates

Employees (est.) (Dec 2018)3,300
Job Openings42
Revenue (FY, 2016)$4 B(+5%)
Share Price (Oct 2019)$15.7

Key People/Management at CNO Financial Group

Gary C. Bhojwani

Gary C. Bhojwani

CEO
Bruce Baude

Bruce Baude

Chief Operations and Technology Officer
Yvonne K. Franzese

Yvonne K. Franzese

Chief Human Resources Officer
Scott L. Goldberg

Scott L. Goldberg

President, Bankers Life
Mike Heard

Mike Heard

President, Washington National
Eric R. Johnson

Eric R. Johnson

Chief Investment Officer and President, 40|86 Advisors, Inc
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CNO Financial Group Office Locations

CNO Financial Group has an office in Carmel
Carmel, US (HQ)
11825 N Pennsylvania St
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CNO Financial Group Financials and Metrics

CNO Financial Group Revenue

CNO Financial Group's revenue was reported to be $3.99 b in FY, 2016 which is a 4.5% increase from the previous period.
USD

Net income (FY, 2018)

(315.0m)

Market capitalization (21-Oct-2019)

2.4b

Closing stock price (21-Oct-2019)

15.7
CNO Financial Group's current market capitalization is $2.4 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2018

Revenue

4.1b3.8b4.0b

Revenue growth, %

(7%)(8%)5%

EBIT

304.8m175.1m367.7m

EBIT margin, %

4%10%
Quarterly
USDQ3, 2013Q2, 2014Q3, 2014Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q2, 2017Q3, 2017

Revenue

1.1b967.0m959.5m904.5m960.4m1.0b1.0b1.1b1.1b

Operating expense total

886.8m852.1m919.9m921.2m966.6m928.6m949.4m

Interest expense

25.3m23.9m27.7m28.9m29.4m31.4m30.1m

Pre tax profit

72.7m52.4m40.5m82.7m49.3m128.5m129.9m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2018

Accounts Receivable

Inventories

26.2b

Total Assets

34.8b31.2b31.1b32.0b

Accounts Payable

11.0b
Quarterly
USDQ3, 2013Q2, 2014Q3, 2014Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q3, 2018

Inventories

27.3b26.0b26.4b26.9b27.1b27.4b

Total Assets

33.9b31.0b31.0b31.5b32.4b32.7b

Accounts Payable

11.1b11.4b11.1b11.4b

Total Liabilities

29.1b30.1b26.3b27.8b27.8b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

478.0m51.4m270.7m358.2m

Inventories

Accounts Payable

Cash From Operating Activities

121.8m743.9m759.5m
Quarterly
USDQ3, 2013Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q3, 2018

Net Income

46.8m33.8m45.5m59.9m18.6m62.3m

Cash From Operating Activities

472.1m(123.9m)122.5m330.4m336.5m581.5m141.0m278.5m

Cash From Investing Activities

(723.8m)(273.6m)(27.9m)

Long-term Borrowings

(114.4m)(43.1m)(19.8m)(797.1m)
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CNO Financial Group Operating Metrics

FY, 2014FY, 2015FY, 2016

Agents

4.80 k4.50 k4.20 k

Collections

$3.43 b$3.40 b$3.61 b

Locations

300 300 300
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CNO Financial Group Revenue Breakdown

Embed Graph

CNO Financial Group revenue breakdown by business segment: 8.3% from Colonial Penn, 23.4% from Washington National, 67.2% from Bankers Life and 1.0% from Other

CNO Financial Group Online and Social Media Presence

Embed Graph

CNO Financial Group News and Updates

CNO Financial Group Reports Second Quarter 2019 Results

CARMEL, Ind., July 30, 2019 /PRNewswire/ -- CNO Financial Group, Inc. (NYSE: CNO) today announced that for the quarter ending June 30, 2019, net income was $0.24 per diluted share, compared to $0.61 per diluted share in 2Q18. CNO also reported that 2Q19 net operating income (1) was $0.48...

CNO Financial Group Names Vice Presidents in Finance and IT

CARMEL, Ind., July 22, 2019 /PRNewswire/ -- CNO Financial Group, Inc. (NYSE: CNO) announced the promotion of Doug Williams to vice president of finance and administration for Bankers Life and the appointment of Patti Kolodziejczyk to vice president of application delivery. As vice...

S&P and Fitch Upgrade CNO Financial Group

CARMEL, Ind., June 25, 2019 /PRNewswire/ -- Two ratings agencies, S&P and Fitch recently upgraded the credit ratings of CNO Financial Group (NYSE: CNO). With these two upgrades, CNO Financial is now rated investment grade by all four leading ratings agencies – A.M. Best, Moody's, Fitch...

CNO Financial Group Named a 2019 Healthiest Employer of Greater Philadelphia

PHILADELPHIA, June 19, 2019 /PRNewswire/ -- CNO Financial Group, a holding company for several national life and health insurance companies that serve middle-income Americans and retirees, was recognized by the Philadelphia Business Journal as one of the Healthiest Employers of Greater...

CNO Financial Group Announces Commencement of $425 Million Senior Notes Offering

CARMEL, Ind., May 28, 2019 /PRNewswire/ -- CNO Financial Group, Inc. (NYSE: CNO) announced today the commencement of its registered public offering, subject to market and other conditions, of $425 million of senior unsecured notes maturing in 2029 (the "Notes"). CNO intends to use the net ...

CNO Financial Group Announces Increase to Quarterly Dividend and Results of Annual Shareholders Meeting

CARMEL, Ind., May 10, 2019 /PRNewswire/ -- CNO Financial Group, Inc. (NYSE: CNO) reported today that the company's board of directors has approved a 10% increase in its quarterly dividend. The board declared a quarterly cash dividend of $0.11 per share on the company's common shares,...
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CNO Financial Group Frequently Asked Questions

  • When was CNO Financial Group founded?

    CNO Financial Group was founded in 1979.

  • Who are CNO Financial Group key executives?

    CNO Financial Group's key executives are Gary C. Bhojwani, Bruce Baude and Yvonne K. Franzese.

  • How many employees does CNO Financial Group have?

    CNO Financial Group has 3,300 employees.

  • Who are CNO Financial Group competitors?

    Competitors of CNO Financial Group include Hanover Insurance, Reinsurance Group of America and FBL Financial.

  • Where is CNO Financial Group headquarters?

    CNO Financial Group headquarters is located at 11825 N Pennsylvania St, Carmel.

  • Where are CNO Financial Group offices?

    CNO Financial Group has an office in Carmel.

  • How many offices does CNO Financial Group have?

    CNO Financial Group has 1 office.