CNO Financial Group, Inc. (CNO) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 1.03B | 1.14B | 1.19B | 1.15B | 1B | 1.1B | 1.13B | 1.07B | 1.15B | 1.17B | 947.5M | 1.02B | 1.01B | 973.6M | 905.3M | 855M | 842.9M | 1.07B | 968.3M | 1.07B |
| Revenue Growth % | 2.54% | 4.18% | 5.24% | 8% | -12.89% | -6.26% | 19.21% | 4.24% | 14.58% | 20.22% | 4.66% | 19.63% | 19.35% | -9.42% | -6.51% | -20.32% | -16.21% | -0.13% | -4.46% | 5.81% |
| Medical Costs & Claims | 570.1M | 602.8M | 728.8M | 703.3M | 650.6M | 568.3M | 781.4M | 600M | 671.8M | 787.7M | 422.2M | 612.6M | 680.6M | 589.3M | 409.7M | 304.9M | 360.5M | 630.3M | 582.7M | 700M |
| Medical Cost Ratio % | 55.37% | 52.73% | 61.31% | 61.08% | 64.79% | 51.8% | 69.18% | 56.27% | 58.28% | 67.3% | 44.56% | 59.89% | 67.65% | 60.53% | 45.26% | 35.66% | 42.77% | 58.64% | 60.18% | 65.23% |
| Gross Profit | 459.5M | 540.3M | 459.9M | 448.2M | 353.5M | 528.9M | 348.1M | 466.2M | 480.9M | 382.8M | 525.3M | 410.2M | 325.4M | 384.3M | 495.6M | 550.1M | 482.4M | 444.5M | 385.6M | 373.1M |
| Gross Margin % | 44.63% | 47.27% | 38.69% | 38.92% | 35.21% | 48.2% | 30.82% | 43.73% | 41.72% | 32.7% | 55.44% | 40.11% | 32.35% | 39.47% | 54.74% | 64.34% | 57.23% | 41.36% | 39.82% | 34.77% |
| Gross Profit Growth % | 29.99% | 2.16% | 32.12% | -3.86% | -26.49% | 38.17% | -33.73% | 13.65% | 47.79% | -0.39% | 5.99% | -25.43% | -32.55% | -13.54% | 28.53% | 47.44% | 7.87% | 2.37% | -3.43% | -3.19% |
| Operating Expenses | 411.1M | 428.9M | 423.7M | 330.2M | 335.8M | 318.4M | 337.1M | 315.6M | 334.7M | 336.7M | 309.7M | 314.1M | 326.4M | 328.9M | 267.7M | 250.3M | 242.1M | 296.4M | 257.6M | 271.5M |
| OpEx / Revenue % | 39.93% | 37.52% | 35.64% | 28.68% | 33.44% | 29.02% | 29.85% | 29.6% | 29.04% | 28.77% | 32.69% | 30.71% | 32.45% | 33.78% | 29.57% | 29.27% | 28.72% | 27.58% | 26.6% | 25.3% |
| Depreciation & Amortization | 83.4M | 81.8M | 80.1M | 78.8M | 77.8M | 76.1M | 74.4M | 71.5M | 70.4M | 68.9M | 66.6M | 66.2M | 65.7M | 39.7M | 62.2M | 61.4M | 61.1M | 92.2M | 67.1M | 51.5M |
| Combined Ratio % | 95.3% | 90.25% | 96.95% | 89.75% | 98.24% | 80.81% | 99.03% | 85.88% | 87.32% | 96.06% | 77.25% | 90.6% | 100.1% | 94.31% | 74.83% | 64.94% | 71.49% | 86.22% | 86.78% | 90.53% |
| Operating Income | 48.4M | 111.4M | 36.2M | 118M | 17.7M | 210.5M | 11M | 150.6M | 146.2M | 46.1M | 215.6M | 96.1M | -1M | 55.4M | 227.9M | 299.8M | 240.3M | 148.1M | 128M | 101.6M |
| Operating Margin % | 4.7% | 9.75% | 3.05% | 10.25% | 1.76% | 19.19% | 0.97% | 14.12% | 12.68% | 3.94% | 22.75% | 9.4% | -0.1% | 5.69% | 25.17% | 35.06% | 28.51% | 13.78% | 13.22% | 9.47% |
| Operating Income Growth % | 173.45% | -47.08% | 229.09% | -21.65% | -87.89% | 356.62% | -94.9% | 56.71% | 14720% | -16.79% | -5.4% | -67.95% | -100.42% | -62.59% | 78.05% | 195.08% | 26.47% | 3.21% | -23.08% | -3.61% |
| EBITDA | 131.8M | 193.2M | 116.3M | 196.8M | 95.5M | 286.6M | 85.4M | 222.1M | 216.6M | 115M | 282.2M | 162.3M | 64.7M | 95.1M | 290.1M | 361.2M | 301.4M | 240.3M | 195.1M | 153.1M |
| EBITDA Margin % | 12.8% | 16.9% | 9.78% | 17.09% | 9.51% | 26.12% | 7.56% | 20.83% | 18.79% | 9.82% | 29.78% | 15.87% | 6.43% | 9.77% | 32.04% | 42.25% | 35.76% | 22.36% | 20.15% | 14.27% |
| Interest Expense | 50.9M | 53.2M | 56.6M | 59.1M | 62M | 62M | 68M | 64.2M | 60.2M | 63.7M | 62.6M | 57.6M | 54.7M | 47.8M | 37.6M | 27.8M | 23.8M | 23.6M | 23.7M | 24M |
| Non-Operating Income | -50.9M | -53.2M | -56.6M | -59.1M | -62M | -62M | -68M | -64.2M | -60.2M | -63.7M | -62.6M | -57.6M | -54.7M | -47.8M | -37.6M | -27.8M | -23.8M | -23.6M | -23.7M | -24M |
| Pretax Income | 48.4M | 111.4M | 36.2M | 118M | 17.7M | 210.5M | 11M | 150.6M | 146.2M | 46.1M | 215.6M | 96.1M | -1M | 55.4M | 227.9M | 299.8M | 240.3M | 148.1M | 128M | 101.6M |
| Pretax Margin % | 4.7% | 9.75% | 3.05% | 10.25% | 1.76% | 19.19% | 0.97% | 14.12% | 12.68% | 3.94% | 22.75% | 9.4% | -0.1% | 5.69% | 25.17% | 35.06% | 28.51% | 13.78% | 13.22% | 9.47% |
| Income Tax | 10.7M | 18.5M | 13.1M | 26.2M | 4M | 44.4M | 1.7M | 34.3M | 33.9M | 9.8M | 48.3M | 22.4M | -200K | 12M | 52M | 66.5M | 56.9M | 32.3M | 28.2M | 23.6M |
| Effective Tax Rate % | 22.11% | 16.61% | 36.19% | 22.2% | 22.6% | 21.09% | 15.45% | 22.78% | 23.19% | 21.26% | 22.4% | 23.31% | 20% | 21.66% | 22.82% | 22.18% | 23.68% | 21.81% | 22.03% | 23.23% |
| Net Income | 37.7M | 92.9M | 23.1M | 91.8M | 13.7M | 166.1M | 9.3M | 116.3M | 112.3M | 36.3M | 167.3M | 73.7M | -800K | 43.4M | 175.9M | 233.3M | 183.4M | 115.8M | 99.8M | 78M |
| Net Margin % | 3.66% | 8.13% | 1.94% | 7.97% | 1.36% | 15.14% | 0.82% | 10.91% | 9.74% | 3.1% | 17.66% | 7.21% | -0.08% | 4.46% | 19.43% | 27.29% | 21.76% | 10.77% | 10.31% | 7.27% |
| Net Income Growth % | 175.18% | -44.07% | 148.39% | -21.07% | -87.8% | 357.58% | -94.44% | 57.8% | 14137.5% | -16.36% | -4.89% | -68.41% | -100.44% | -62.52% | 76.25% | 199.1% | 24.42% | 3.58% | -22.76% | -4.88% |
| EPS (Diluted) | 0.40 | 0.96 | 0.23 | 0.89 | 0.13 | 1.58 | 0.09 | 1.06 | 1.01 | 0.32 | 1.46 | 0.64 | -0.01 | 0.37 | 0.91 | 1.16 | 0.93 | 0.93 | 0.77 | 0.58 |
| EPS Growth % | 207.69% | -39.24% | 159.89% | -16.04% | -87.13% | 393.75% | -93.94% | 65.63% | - | -13.51% | 60.44% | -44.83% | -100.75% | -60.22% | 18.18% | 100% | -13.89% | 16.25% | -15.38% | 1.75% |
| EPS (Basic) | 0.40 | 0.98 | 0.24 | 0.91 | 0.14 | 1.62 | 0.09 | 1.08 | 1.03 | 0.33 | 1.48 | 0.64 | -0.01 | 0.38 | 0.92 | 1.18 | 0.95 | 0.95 | 0.79 | 0.59 |
| Diluted Shares Outstanding | 94.08M | 97.3M | 98.6M | 103.07M | 103.07M | 106.14M | 105.1M | 109.26M | 110.84M | 113.66M | 114.46M | 115.65M | 114.55M | 116.65M | 136.65M | 117.29M | 136.65M | 125.02M | 129.02M | 133.81M |