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Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. CNO Financial Group's annualized net income for the quarter that ended in Mar. 2024 was $449 Mil. CNO Financial Group's average shareholder tangible equity for the quarter that ended in Mar. 2024 was $2,292 Mil. Therefore, CNO Financial Group's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 19.60%.
The historical rank and industry rank for CNO Financial Group's Return-on-Tangible-Equity or its related term are showing as below:
During the past 13 years, CNO Financial Group's highest Return-on-Tangible-Equity was 18.55%. The lowest was -7.67%. And the median was 7.22%.
The historical data trend for CNO Financial Group's Return-on-Tangible-Equity 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 Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Return-on-Tangible-Equity | Get a 7-Day Free Trial | 10.17 | 5.94 | 10.62 | 17.94 | 13.88 |
CNO Financial Group Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Return-on-Tangible-Equity | Get a 7-Day Free Trial | -0.17 | 14.64 | 34.44 | 7.07 | 19.60 |
For the Insurance - Life subindustry, CNO Financial Group's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
For the Insurance industry and Financial Services sector, CNO Financial Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where CNO Financial Group's Return-on-Tangible-Equity falls into.
CNO Financial Group's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets ) | / count ) | |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | 276.5 | / | ( (1768.8 | + | 2215.6 ) | / 2 ) | |
= | 276.5 | / | 1992.2 | ||||
= | 13.88 % |
CNO Financial Group's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets) | / count ) | |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | 449.2 | / | ( (2215.6 | + | 2367.7) | / 2 ) | |
= | 449.2 | / | 2291.65 | ||||
= | 19.60 % |
* 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2024) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.
CNO Financial Group (NYSE:CNO) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Thank you for viewing the detailed overview of CNO Financial Group's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
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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