CNO Financial Group, Inc.

CNO Financial Group, Inc.

CNOยทNYSE

$46.17

-0.56%
Financial ServicesInsurance - Life

CNO Financial Group, Inc., through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, and other insurance products 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 worksite and group sales for businesses, associations, and other membership groups by interacting with customers at their place of employment. In addition, it provides fixed index 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. CNO Financial Group, Inc. markets its products under the Bankers Life, Washington National, and Colonial Penn brand names. The company sells its products through agents, independent producers, and direct marketing. CNO Financial Group, Inc. was founded in 1979 and is headquartered in Carmel, Indiana.

At a Glance

Live Snapshot
Market Cap$4.31B
EPS2.3500
P/E Ratio19.65
Earnings Date07/27/2026
CNO Financial Group, Inc.

CNO Financial Group, Inc. Fair Value Envelope

CNO ยท NYSE

Our analysis suggests that CNO has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $46.17, this represents a potential HIDDEN relative to our calculated worth for CNO Financial Group, Inc..

Intrinsic Value
Current Price: $46.17

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$17.8B
+ Cash & Equivalents$956.1M
Firm Value$18.7B
- Debt$4.1B
Equity Value$14.7B
/ Shares Outstanding95,353,512B
DCF Value$154
UNDERVALUED BY 233%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$727.4M
$783.0M
$842.9M
$907.3M
$976.7M
$1.1B
$1.1B
$1.2B
$1.3B
$1.4B
Maintenance CapEx
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
Owner Earnings
$727.4M
$783.0M
$842.9M
$907.3M
$976.7M
$1.1B
$1.1B
$1.2B
$1.3B
$1.4B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$673.5M
$671.3M
$669.1M
$666.9M
$664.7M
$662.6M
$660.4M
$658.2M
$656.1M
$653.9M
Terminal Value represents 62.6% of Enterprise Value