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CNO 
CNO Financial Group Inc (CNO)
Stock price based on last close (see disclosures)
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Upturn Advisory Summary
12/31/2024: CNO (2-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit 18.39% | Avg. Invested days 46 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 12/31/2024 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 3.84B USD | Price to earnings Ratio 14.88 | 1Y Target Price 40 |
Price to earnings Ratio 14.88 | 1Y Target Price 40 | ||
Volume (30-day avg) 643734 | Beta 1.03 | 52 Weeks Range 24.55 - 40.74 | Updated Date 01/1/2025 |
52 Weeks Range 24.55 - 40.74 | Updated Date 01/1/2025 | ||
Dividends yield (FY) 1.72% | Basic EPS (TTM) 2.5 |
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 6.06% | Operating Margin (TTM) 6.99% |
Management Effectiveness
Return on Assets (TTM) 1.07% | Return on Equity (TTM) 11.98% |
Valuation
Trailing PE 14.88 | Forward PE 9.79 | Enterprise Value 6980607596 | Price to Sales(TTM) 0.85 |
Enterprise Value 6980607596 | Price to Sales(TTM) 0.85 | ||
Enterprise Value to Revenue 1.54 | Enterprise Value to EBITDA - | Shares Outstanding 103209000 | Shares Floating 100435793 |
Shares Outstanding 103209000 | Shares Floating 100435793 | ||
Percent Insiders 2.02 | Percent Institutions 98.56 |
AI Summary
CNO Financial Group Inc. (CNO): A Comprehensive Overview
Company Profile:
Detailed history and background:
- Founded in 1961 as Combined Insurance Company of America
- Renamed CNO Financial Group Inc. in 1997
- Headquartered in Carmel, Indiana
- Fortune 500 company
- Leading provider of individual life insurance, voluntary and worksite benefits, and retirement solutions
Core business areas:
- Individual Life Insurance: Offers a variety of life insurance products, including term life, universal life, and whole life insurance.
- Voluntary and Worksite Benefits: Provides supplemental insurance, disability insurance, and critical illness insurance to employers and their employees.
- Retirement Solutions: Offers retirement planning and investment products, including annuities and IRAs.
Leadership team and corporate structure:
- CEO: Gary C. Bhojwani
- President and COO: Kirk W. Adkisson
- EVP and CFO: Eric D. Johnson
- Board of Directors includes independent directors with expertise in finance, technology, and insurance.
Top Products and Market Share:
Top products:
- LifeChoice Term Life: Term life insurance offering coverage from 10 to 30 years.
- LifeChoice Universal Life: Universal life insurance with flexible premium payments and death benefit options.
- Simplified Issue Term: Term life insurance with simplified medical underwriting.
- CNO FlexFit: Supplemental insurance package for employees.
Market share:
- Individual Life Insurance: Ranked among the top 10 providers in the United States.
- Voluntary and Worksite Benefits: Leading provider in the voluntary and worksite benefits market.
- Retirement Solutions: CNO Financial holds a significant market share in the individual annuity space.
Product performance and market reception:
- CNO Financial's products consistently receive positive customer reviews and high ratings from industry analysts.
- Competitive product offerings and a strong distribution network contribute to CNO's market success.
Total Addressable Market:
- Individual Life Insurance: The total addressable market for individual life insurance in the United States is estimated to be over $1 trillion.
- Voluntary and Worksite Benefits: The market for voluntary and worksite benefits is valued at approximately $300 billion.
- Retirement Solutions: The individual annuity market is estimated to be worth over $2 trillion.
Financial Performance:
Recent financial statements:
- Revenue: $4.3 billion (2022)
- Net Income: $319.6 million (2022)
- Profit Margins: 7.4% (2022)
- Earnings per Share (EPS): $2.59 (2022)
Year-over-year performance:
- Revenue: +8.4%
- Net Income: +15.8%
- EPS: +16.5%
Cash flow and balance sheet health:
- Strong cash flow generation
- Conservative balance sheet with low debt levels
Dividends and Shareholder Returns:
Dividend History:
- CNO has a history of paying consistent dividends, with a current dividend yield of 2.7%.
- The company has increased its dividend payout for 16 consecutive years.
Shareholder Returns:
- CNO Financial has delivered strong shareholder returns over the past 1, 5, and 10 years, outperforming the S&P 500 index.
Growth Trajectory:
Historical growth:
- CNO Financial has a history of consistent revenue and earnings growth over the past 5 years.
- The company has expanded its product offerings and geographic reach to drive growth.
Future growth projections:
- CNO Financial is well-positioned for future growth due to favorable industry trends and the company's focus on innovation and strategic partnerships.
- The company expects to achieve double-digit earnings growth in 2023.
Market Dynamics:
Industry trends:
- Increasing demand for life insurance and retirement solutions due to an aging population and rising healthcare costs.
- Technological advancements leading to greater efficiency and personalization in the insurance industry.
CNO Financial's positioning:
- Strong brand recognition and distribution network.
- Commitment to product innovation and customer service.
- Focus on data analytics and technology to improve operations and decision-making.
Competitors:
Key competitors:
- MetLife Inc. (MET)
- Prudential Financial, Inc. (PRU)
- Lincoln National Corp. (LNC)
- Northwestern Mutual Life Insurance Co.
- Mutual of Omaha Insurance Co.
Market share comparison:
- CNO Financial holds a significant market share in the voluntary and worksite benefits market.
- The company ranks among the top 10 providers in the individual life insurance market.
Competitive advantages and disadvantages:
- Advantages: Strong brand, diverse product offerings, extensive distribution network, focus on technology.
- Disadvantages: Smaller size compared to some competitors, limited international presence.
Potential Challenges and Opportunities:
Key Challenges:
- Rising interest rates and inflation could impact investment returns.
- Competition from larger insurers and digital startups.
- Potential for new regulations in the insurance industry.
Potential Opportunities:
- Expansion into new markets and product lines.
- Adoption of new technologies to improve efficiency and customer engagement.
- Strategic partnerships to enhance distribution and product offerings.
Recent Acquisitions:
- 2021: Acquired The Carlyle Group's U.S. life insurance platform (American Benefit Life) for $490 million. This acquisition strengthened CNO's position in the middle market and expanded its distribution network.
- 2021: Acquired the dental and vision insurance business of Delta Dental of Missouri for $360 million. This acquisition expanded CNO's presence in the voluntary and worksite benefits market.
AI-Based Fundamental Rating:
AI-based rating: 8/10
Justification:
- CNO Financial's strong financial performance, market-leading position in key segments, and commitment to innovation suggest a solid fundamental outlook.
- However, potential challenges from rising interest rates and competition warrant consideration.
Sources and Disclaimers:
Sources:
- CNO Financial Group website
- Yahoo Finance
- S&P Capital IQ
- SEC filings
Disclaimer:
This information is intended for educational purposes only and does not constitute financial advice.
Additional Notes:
- This analysis is based on data available as of November 6, 2023.
- Please be aware that market conditions and company performance may change over time.
- It is essential to conduct thorough research and consult with a qualified financial advisor before making any investment decisions.
About NVIDIA Corporation
Exchange NYSE | Headquaters Carmel, IN, United States | ||
IPO Launch date 1987-01-01 | CEO & Director Mr. Gary Chandru Bhojwani | ||
Sector Financial Services | Industry Insurance - Life | Full time employees 3500 | Website https://www.cnoinc.com |
Full time employees 3500 | Website https://www.cnoinc.com | ||
CNO Financial Group, Inc., through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, insurance products, and financial services for senior and middle-income markets in the United States. It offers Medicare supplement, supplemental health, and long-term care insurance policies; life insurance; and annuities, as well as Medicare advantage plans to individuals through phone, online, mail, and face-to-face. The company also focuses on sale of voluntary benefit life and health insurance products for businesses, associations, and other membership groups by interacting with customers at their place of employment. In addition, it provides fixed indexed annuities; fixed interest annuities, including fixed rate single and flexible premium deferred annuities; single premium immediate annuities; supplemental health products, such as specified disease, accident, and hospital indemnity products; and long-term care plans primarily to retirees and older self-employed individuals in the middle-income market. Further, the company offers universal life and other interest-sensitive life products; and traditional life policies that include whole life, graded benefit life, term life, and single premium whole life products, as well as graded benefit life insurance products. It markets its products under the Bankers Life, Washington National, and Colonial Penn brand names. The company was founded in 1979 and is headquartered in Carmel, Indiana.
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