Equity to Asset ratio is calculated as total stockholders equity divided by total asset. CNO Financial Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,216 Mil. CNO Financial Group's Total Assets for the quarter that ended in Dec. 2023 was $35,103 Mil.
Therefore, CNO Financial Group's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.06.
The historical rank and industry rank for CNO Financial Group's Equity-to-Asset or its related term are showing as below:
CNO'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.05 Med: 0.14 Max: 0.16
Current: 0.07
During the past 13 years, the highest Equity to Asset Ratio of CNO Financial Group was 0.16. The lowest was 0.05. And the median was 0.14.
CNO's Equity-to-Asset is ranked worse than 83.06% of 490
companies
in the Insurance industry
Industry Median: 0.24
vs CNO: 0.07
CNO Financial Group Equity-to-Asset Historical Data
The historical data trend for CNO Financial Group's Equity-to-Asset can be seen below:
* 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.
Competitive Comparison of CNO Financial Group's Equity-to-Asset
For the Insurance - Life subindustry, CNO Financial Group's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
CNO Financial Group's Equity-to-Asset Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, CNO Financial Group's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where CNO Financial Group's Equity-to-Asset falls into.
CNO Financial Group Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
CNO Financial Group's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* 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 (NYSE:CNO) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
CNO Financial Group Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of CNO Financial Group's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
CNO Financial Group (CNO Financial Group) Business Description
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.
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