CNO Financial GroupFRA:COS +0.44%68 Return-on-Tangible-Asset is 0.39% as of Mar. 2026, which is 61% below its 10-year median of 1.01. GuruFocus rates FRA:COS with a GF Score™ of 68/100 and a GF Value™ of €34.59. The stock has 8 warning signs investors should review. Among 508 Insurance companies, CNO Financial Group ranks worse than 79.13% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. CNO Financial Group's annualizedNet Income for the quarter that ended in Mar. 2026 was €130 Mil. CNO Financial Group's average total tangible assets for the quarter that ended in Mar. 2026 was €33,415 Mil. Therefore, CNO Financial Group's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 0.39%.
The historical rank and industry rank for CNO Financial Group's Return-on-Tangible-Asset or its related term are showing as below:
FRA:COS'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.98 Med: 1.01 Max: 1.82
Current: 0.64
During the past 13 years, CNO Financial Group's highest Return-on-Tangible-Asset was 1.82%. The lowest was -0.98%. And the median was 1.01%.
FRA:COS's Return-on-Tangible-Asset is ranked worse than 79.13% of 508
companies
in the Insurance industry
Industry Median: 2.765
vs FRA:COS: 0.64
CNO Financial Group (FRA:COS) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
CNO Financial Group Return-on-Tangible-Asset Related Terms
CNO Financial Group Return-on-Tangible-Asset Historical Data
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The historical data trend for CNO Financial Group's Return-on-Tangible-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.
CNO Financial Group Return-on-Tangible-Asset Chart
FRA:COS vs BHF, GNW, FG: Return-on-Tangible-Asset Comparison
For the Insurance - Life subindustry, CNO Financial Group's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-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 Return-on-Tangible-Asset vs Insurance Industry
For the Insurance industry and Financial Services sector, CNO Financial Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where CNO Financial Group's Return-on-Tangible-Asset falls into.
* 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 0.39% mean?
CNO Financial Group (FRA:COS) has a Return-on-Tangible-Asset of 0.39% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on CNO Financial Group and its competitors. This is 61% below median its historical median of 1.01. According to the industry distribution chart, CNO Financial Group ranks #402 out of 508 companies in the Insurance industry, placing it in the top 79.1%.
Is CNO Financial Group's Return-on-Tangible-Asset too high?
CNO Financial Group's current Return-on-Tangible-Asset of 0.39% is 61% below median its 10-year median of 1.01. The Insurance industry median Return-on-Tangible-Asset is 2.77. CNO Financial Group's value of 0.39% is 85.9% below this industry median. Based on the distribution chart, CNO Financial Group ranks #402 out of 508 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, CNO Financial Group has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does CNO Financial Group's Return-on-Tangible-Asset compare to BHF and GNW?
According to the Insurance industry distribution chart, CNO Financial Group ranks #402 out of 508 companies for Return-on-Tangible-Asset. This places CNO Financial Group in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.77. CNO Financial Group's value of 0.39% is 85.9% below this benchmark. While the company's 10-year median is 1.01 vs. the industry median of 2.77, CNO Financial Group has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for an Insurance company?
The median Return-on-Tangible-Asset among Insurance companies is 2.77, based on 508 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CNO Financial Group's current Return-on-Tangible-Asset of 0.39% is 85.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on CNO Financial Group and its competitors. For the Insurance industry, the median Return-on-Tangible-Asset is 2.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CNO Financial Group's current Return-on-Tangible-Asset is 0.39%, which is 61% below median its own 10-year median of 1.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CNO Financial Group stock overvalued right now?
CNO Financial Group (FRA:COS) has a current Return-on-Tangible-Asset of 0.39%. The stock's GF Value™ is €34.59, compared to a current price of €45.80 — trading 32.4% above its estimated fair value. The current Return-on-Tangible-Asset is 0.39%, which is 61% below median its 10-year median of 1.01 and 85.9% below the Insurance industry median of 2.77. CNO Financial Group's overall GF Score™ is 68/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For CNO Financial Group (FRA:COS), the current Return-on-Tangible-Asset is 0.39% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is CNO Financial Group (FRA:COS) Overvalued in 2026?
Based on GuruFocus' analysis, CNO Financial Group stock appears to be overvalued.
The current stock price of €45.80 is trading 32.4% above its estimated GF Value™ of €34.59.
Key valuation signals for FRA:COS:
Return-on-Tangible-Asset: 0.39% (61% below median its 10-year median of 1.01)
GF Value™: €34.59 vs. price of €45.80 (32.4% above fair value)
Industry Position: 85.9% below the Insurance median (#402 of 508)
No single metric tells the full story. See the FRA:COS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CNO Financial Group Inc is a holding company for a group of insurance companies that develop, market and administer health insurance, annuity, individual life insurance and other insurance and financial services products. 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.
68GF Score
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