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CNO Financial (CNO)
NYSE:CNO
Earnings Data
Report Date
May 04, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.95Last Year’s EPS
0.79Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong, broad-based growth across production, product margins and investment yield, with record sales and improving operating profitability and capital metrics. Management acknowledged macroeconomic uncertainty and specific headwinds (notably Medicare Advantage pressure and potential softness in discretionary products), along with some non-repeatable items in investment income. On balance the positive operational and financial momentum, capital returns, and disciplined investment and capital plans substantially outweigh the noted risks.Company Guidance
Record Production and Sales Growth
Total new annualized premium (NAP) was a record and up 15% for the full year; company reported its 14th consecutive quarter of sales growth and multiple division- and product-level production records.
Consumer Division: Strong Multi-Product Performance
Consumer NAP highlights: life NAP +10% (D2C life sales +20%, with >70% of D2C life leads from non-TV channels), total health NAP +22%, supplemental health +15%, long-term care +4%; Medicare Supplement NAP +49% for the year and +92% for the quarter; annuity collected premiums +9% year-over-year (Q4 +3%), in-force annuity values >$13B (+7%), brokerage/advisory client assets +24% to >$5B.
Worksite Division: Best Production Year Ever
Worksite reported record full-year insurance sales up 15% (Q4 insurance sales +13%); full-year life sales +36%, hospital indemnity +41%, accident +11%; geographic expansion contributed 11% of NAP growth and NAP from new group clients was +23%.
Improving Profitability and Operating Metrics
Operating return on equity (excluding significant items) improved to 11.4% (from a ~10% run rate in 2024); management cited one of the best operating performances on record; operating earnings per diluted share of $4.40 (Gary) and full-year operating EPS excluding significant items of $4.02 (Paul) exceeded guidance ranges.
Expense, Tax and Efficiency Beats
Full-year expense ratio (ex significant items) was 18.9%, better than the low end of original guidance; effective tax rate on operating income was 20.6%, below prior guidance of 22.0–22.5%.
Capital Return and Shareholder Metrics
Returned $386 million to shareholders (an 11% increase vs. 2024); deployed $320 million in share repurchases (+14% year-over-year) including $60 million in Q4, reducing weighted average diluted shares outstanding by ~8%.
Strong Investment and Yield Performance
New money rates exceeded 6% for 12 consecutive quarters (new money rate 6.11%); allocated net investment income up 6% for the year; record invested assets of $31 billion, 97% investment grade, average rating single-A; $1.6 billion of new investments in the quarter (avg rating A, avg duration 6 years).
Robust Capital and Liquidity Position
Consolidated risk-based capital ratio was 380% (target range 360%–390%); holding company liquidity ended year at $351 million (above $150 million minimum); debt-to-total-capital within target 25%–28%.
Clear 2026 Guidance and Multi-Year Investment Plan
2026 guidance: operating EPS $4.25–$4.45 (midpoint ~+8% vs 2025), expense ratio 18.8%–19.2%, effective tax rate ~22.5%, free cash flow $200–$250 million; three-year tech modernization plan of ~$170 million on track (2025 spend ~$20M, 2026 planned ~$75M).
CNO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CNO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 05, 2026 | $42.31 | $44.64 | +5.51% |
Nov 03, 2025 | $39.42 | $41.13 | +4.34% |
Jul 28, 2025 | $37.26 | $36.66 | -1.61% |
Apr 28, 2025 | $39.40 | $37.52 | -4.77% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does CNO Financial (CNO) report earnings?
CNO Financial (CNO) is schdueled to report earning on May 04, 2026, After Close (Confirmed).
What is CNO Financial (CNO) earnings time?
CNO Financial (CNO) earnings time is at May 04, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CNO EPS forecast?
CNO EPS forecast for the fiscal quarter 2026 (Q1) is 0.95.