What is CNO Financial Group Financial Strength?
CNO Financial Group has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.
Warning Sign:
CNO Financial Group Inc displays poor financial strength. Usually, this is caused by too much debt for the company.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its
Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
CNO Financial Group's Interest Coverage for the quarter that ended in Dec. 2023 was 1.72.
CNO Financial Group's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.89.
Altman Z-Score does not apply to banks and insurance companies.
CNO Financial Group Financial Strength Calculation
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
CNO Financial Group's Interest Expense for the
months ended in Dec. 2023 was $-64 Mil. Its Operating Income for the
months ended in Dec. 2023 was $0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4,151 Mil.
CNO Financial Group's Interest Coverage for the quarter that ended in Dec. 2023 is
The higher the ratio, the stronger the company's financial strength is.
Warning Sign:
Ben Graham prefers companies' interest coverage to be at least 5. CNO Financial Group Inc interest coverage is 2.5, which is low.
2. Debt to revenue ratio. The lower, the better.
CNO Financial Group's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
Altman Z-Score does not apply to banks and insurance companies.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
CNO Financial Group (CNO Financial Group) Business Description
Traded in Other Exchanges
Address
11825 N. Pennsylvania Street, Carmel, IN, USA, 46032
CNO Financial Group Inc is a holding company for a group of insurance companies that offers middle-income American consumers insurance and securities products through exclusive agents, independent producers, and direct marketing. Consumers are served through the phone, online, mail, face-to-face with agents, or sales channels. The company's operating segments include annuity, health, and life insurance product lines as well as the investment and fee revenue segments. Maximum revenue is generated from the health product line segment. Annuity premiums account for the majority of the total premiums collected. Annuity products include fixed index annuities, traditional fixed-rate annuities, and single-premium immediate annuity products.
Executives
| Jeanne L. Linnenbringer |
officer: EVP and COO |
11825 N. PENNSYLVANIA ST., CARMEL IN 46032 |
| Tarasi Rocco F Iii |
officer: Chief Marketing Officer |
C/O ITT EDUCATIONAL SERVICES INC, 13000 NORTH MERIDIAN STREET, CARMEL IN 46032 |
| John R Kline |
officer: SVP & CAO |
11825 N. PENNSYLVANIA STREET, CARMEL IN 46032 |
| Yvonne K Franzese |
officer: EVP and Chief HR Officer |
200 LAKE STREET EAST, WAYZATA MN 55391 |
| Karen Detoro |
officer: Chief Actuary and CRO |
C/O CNO FINANCIAL GROUP, INC., 11825 NORTH PENNSYLVANIA STREET, CARMEL IN 46032 |
| Scott L. Goldberg |
officer: President, Consumer Division |
11825 N. PENNSYLVANIA STREET, CARMEL IN 46032 |
| Gary C Bhojwani |
director, officer: Chief Executive Officer |
1 HORMEL PLACE, AUSTIN MN 55912 |
| Steven E Shebik |
director |
2775 SANDERS ROAD, NORTHBROOK IL 60062 |
| Brown Archie M Jr |
director |
255 E FIFTH STREET, CINCINNATI OH 45202 |
| Adrianne Lee |
director |
799 WEST COLISEUM WAY, MIDVALE UT 84047 |
| Matthew J. Zimpfer |
officer: EVP and General Counsel |
11825 N. PENNSYLVANIA STREET, CARMEL IN 46032 |
| Michael E. Mead |
officer: EVP and CIO |
11825 N. PENNSYLVANIA ST., CARMEL IN 46032 |
| Frederick James Sievert |
director |
260 SOUTH LAKE DRIVE, STAMFORD CT 06903 |
| Chetlur S Ragavan |
director |
230 PARK AVENUE, NEW YORK NY 10169 |
| Dan Maurer |
director |
C/O ZAGG INC., 3855 SOUTH 500 WEST, SUITE N, SALT LAKE CITY UT 84115 |
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