Sign in

CNO on NYSE

CNO Financial Group

Logo: CNO Financial Group, Public domain, via Wikimedia Commons5

American financial services company

CNO Financial Group, Inc., formerly Conseco, Inc. (Consolidated National Security Corporation), is an American financial services holding company based in Carmel, Indiana. Its insurance subsidiaries provide life insurance, annuity and supplemental health insurance products to more than four million customers in the United States. These products are distributed through independent agents, career agents and direct to customers through television advertising and direct mail.3 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 21, 2026.

Overview

1979Founded1

Compare with Triple-S Management Corporation, PARTNERRE LTD or Unum, or pick any stock.

  • TickerCNO on NYSE1
  • Industryfinancial services1
  • HeadquartersIndianapolis1
  • Websitecnoinc.com
  • Incorporated inDE6
  • Business address11299 Illinois Street, Suite 200, Carmel, In 460326
  • Filer categoryLarge accelerated filer6
  • Legal formCorporation4
  • LEI11XPYHB76MPM4Y4P28974
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressC/O CORPORATION SERVICE COMPANY, 19808 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 36401204

See how the biggest companies compare on our leaderboards

CNO Financial Group, Inc., formerly Conseco, Inc. (Consolidated National Security Corporation), is an American financial services holding company based in Carmel, Indiana. Its insurance subsidiaries provide life insurance, annuity and supplemental health insurance products to more than four million customers in the United States. These products are distributed through independent agents, career agents and direct to customers through television advertising and direct mail.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

12.3%Operating margin9
5.1%Net margin9
0.9%Revenue growth, 20259
8.7%Return on equity9

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs88¢$4.0B
  • Interest5¢$230.9M
  • Income tax1¢$64.1M
  • Profit5¢$229.3M

Out of $4.5B in revenue.9

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid10¢$66.2M
  • Share buybacks49¢$331.4M
  • Kept or used elsewhere41¢$278.1M

Out of $675.7M of cash from operations.9

Financial statements

Revenue101112139$4.5B in 2025+12% since 2019
0$2.0B$4.0B$6.0B2019: $4.0B$4.0B20192020: $3.8B$3.8B2020−5%2021: $4.1B$4.1B2021+8%2022: $3.6B$3.6B2022−13%2023: $4.1B$4.1B2023+16%2024: $4.4B$4.4B2024+7%2025: $4.5B$4.5B2025+1%
Operating income101112139$553.2M in 2025+50% since 2019
0$200.0M$400.0M$600.0M2019: $368.3M$368.3M20192020: $463.8M$463.8M2020+26%2021: $514.7M$514.7M2021+11%2022: $466.7M$466.7M2022−9%2023: $459.5M$459.5M2023−2%2024: $550.8M$550.8M2024+20%2025: $553.2M$553.2M2025+0%
Net income101112139$229.3M in 2025−44% since 2019
0$200.0M$400.0M$600.0M$800.0M2019: $409.4M$409.4M20192020: $301.8M$301.8M2020−26%2021: $570.3M$570.3M2021+89%2022: $630.6M$630.6M2022+11%2023: $276.5M$276.5M2023−56%2024: $420.8M$420.8M2024+52%2025: $229.3M$229.3M2025−46%

Every line of the income statement as filed: the last 3 fiscal years (annual) or 8 quarters (quarterly), latest first.9

Period ending2025-12-312024-12-312023-12-31
Insurance policy income$2.6B$2.6B$2.5B
General account assets$1.5B$1.4B$1.3B
Policyholder and other special-purpose portfolios$181.0M$329.4M$249.5M
Realized investment losses-$59.6M-$75.6M-$69.3M
Other investment gains$4.9M$25.7M$300.0K
Total investment losses-$54.7M-$49.9M-$69.0M
Fee revenue and other income$196.1M$192.1M$210.6M
Total revenues$4.5B$4.4B$4.1B
Insurance policy benefits$2.5B$2.5B$2.3B
Liability for future policy benefits remeasurement loss-$70.7M-$41.1M-$21.2M
Change in fair value of market risk benefits-$12.4M-$60.5M-$34.2M
Interest expense$230.9M$254.4M$238.6M
Amortization of deferred acquisition costs and present value of future profits$278.0M$251.2M$227.4M
Goodwill and other asset impairment$101.9M$0$0
Gain on extinguishment of borrowings related to variable interest entities-$1.5M$0$0
Other operating costs and expenses$1.1B$1.1B$1.0B
Total benefits and expenses$4.2B$3.9B$3.8B
Income before income taxes$293.4M$539.9M$356.8M
Income tax expense$64.1M$119.1M$80.3M
Net income$229.3M$420.8M$276.5M
Weighted average shares outstanding (in shares)97.8M shares106.1M shares113.3M shares
Net income (in USD per share)$2.35$3.96$2.44
Weighted average shares outstanding (in shares)99.8M shares108.1M shares115.1M shares
Net income (in USD per share)$2.30$3.89$2.40

Compare CNO Financial Group with another company

Corporate structure

CNO Financial Group sits at the top of its group. 8 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of CNO Financial Group

  • CNO Financial Group Carmel, Indiana, United States
    • 40 86 ADVISORS, INC. Subsidiary · Carmel, Indiana, United States
    • Bankers Conseco Life Insurance Company Subsidiary · Carmel, Indiana, United States
    • Bankers Life & Casualty Company Subsidiary · Chicago, Illinois, United States
    • CNO Bermuda Re, Ltd. Subsidiary · Hamilton, Bermuda
    • COLONIAL PENN LIFE INSURANCE COMPANY Subsidiary · Philadelphia, Pennsylvania, United States
    • Conseco Life Insurance Company of TX Subsidiary · Carmel, Indiana, United States
    • WASHINGTON NATIONAL INSURANCE COMPANY Subsidiary · Carmel, Indiana, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What CNO Financial Group reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Operating-lease assets (leased space)$83.6M9 Dec 31, 2025$90.7M9 Dec 31, 2024−7.8%

Investments

ItemLatestA year beforeChange
Equity securities at fair value$389.2M9 Dec 31, 2025$272.4M9 Dec 31, 2024+42.9%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$69.5M9 Sep 30, 2025

Properties, in its own words

Our headquarters and certain administrative operations of our subsidiaries and Worksite Division are in a 125,000 square foot leased building with terms through June 2034 located in Carmel, Indiana, immediately north of Indianapolis. In April 2024, we moved all but our mail operations to this new location from our owned Campus. In December 2023, the entire 77-acre campus with six buildings (approximately 630,000 square feet) was listed for sale in preparation for our move. In November 2025, we sold one of the six buildings (approximately 103,000 square feet). Our outsourced mail operations will remain in one of the owned buildings (approximately 100,000 square feet) until the end of its current contract or alternative requirements are determined with a buyer.

Our Consumer Division is primarily administered from downtown Chicago, Illinois. We currently lease approximately 33,000 square feet with terms through August 2033. We also lease approximately 230 branch offices in various states totaling approximately 795,000 square feet. These are generally short-term in length, with remaining lease terms expiring between 2026 and 2032.

The rest of Item 2

As a result of our success with hybrid work arrangements and evolving business needs, our direct-to-consumer products are primarily administered via remote and hybrid work arrangements. In June 2024, we sold our Philadelphia, Pennsylvania office building, but for administrative purposes continue to license a 1,300 square foot office with terms through December 2028.

Optavise, LLC has three office locations: Orlando, Florida; Milwaukee, Wisconsin; and Birmingham, Alabama. In November 2025, we announced our intention to exit the fee services side of the Worksite business, which will impact the

office locations. Our Birmingham location (7,400 square feet) will close at the end of the lease in July 2026. We have exercised our early termination option at our Milwaukee location (7,100 square feet), which moves the lease end to July 2027 from February 2030. Decisions regarding our Orlando location (22,000 square feet with terms through December 2028) are ongoing.

CNO Bermuda Re leases a 1,400 square foot on-island office with terms through June 2027.

Item 2 of the 10-K filed Feb 24, 2026.17

The story

CNO Financial was incorporated in 1979 as Security National of Indiana Corp. by Stephen Hilbert. SNI bought Consolidated National Life Insurance Co. in 1983. It began insurance operations in 1982 and became a public company in 1985.

In 1986, Conseco acquired Lincoln Income Life Insurance Company at $29 per share for $32.3 million. Shearson Lehman Brothers advised Lincoln Income Life Insurance. Earlier, in mid-1985, Lincoln had agreed to be acquired by I.C.H. for $31 per share in cash but the merger could not be consummated as the Kentucky Department of Insurance raised objections to certain expenses which Lincoln would have incurred in the merger. Lincoln also received a merger proposal from Redgate in 1985. Satisfied with its recipe for acquiring and improving insurance companies, Conseco stepped up its acquisition efforts in 1986. It purchased Bankers National Life Insurance Company for $118 million, respectively.

In 1998, Conseco purchased the former Greentree Financial, one of the largest financiers of mobile homes, in an attempt to diversify into consumer financial services. They also bought life insurance company Colonial Penn later that year, changing their name to Conseco Direct Life, though changing the name back to Colonial Penn in 2001 (known as Bankers Conseco Life Insurance Company in New York state). Conseco (though not its subsidiary insurance companies) entered Chapter 11 reorganization in 2002 and emerged nine months later in 2003. Conseco's bankruptcy was the third largest U.S. Chapter 11 filing at the time, after the bankruptcies of WorldCom Inc. and Enron. In the process of reorganization, GreenTree was divested and thereafter Conseco solely focused on the insurance industry.

From its opening in 1999 until 2011, the company (when it was known as Conseco) held the naming rights to the home arena of the NBA's Indiana Pacers; the naming rights were transferred to Bankers Life in 2011.

On May 11, 2010, the board of directors officially approved changing the holding company's name to CNO Financial Group. CNO Financial ranked 608 on the Fortune 1000 with 2014 revenues of $4.1 billion.

In February 2015, CNO Financial sold its Hyderabad-based India operations to Cognizant.

From Wikipedia’s article on CNO Financial Group, shared under CC BY-SA 4.0.7

Leadership

Who has led CNO Financial Group, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. James E. Hohmann2006
  2. C. James Prieur2006–2011
  3. Edward J. Bonach2011–2017
  4. Gary C. Bhojwani2018–now

President

  1. James E. Hohmann2006
  2. Michael J. Dubes2007
  3. Dan R. Bardin2007
  4. Gary C. Bhojwani2016–2017
  5. Joel H. Schwartz2018–2020
  6. Michael D. Heard2018–2021
  7. Scott L. Goldberg2018–2021
  8. Michael B. Byers2021–2023
  9. Karen Detoro2024–now

Chief financial officer

  1. Eugene M. Bullis2006
  2. Edward J. Bonach2007–2011
  3. Frederick John Crawford2012–2015
  4. Erik M. Helding2016–2019
  5. Paul H. McDonough2019–now

Chief operating officer

  1. James E. Hohmann2006
  2. Jeanne L. Linnenbringer2023
19801990200020102020
Board members and other officers (47)

Products and brands

  • insurance

Listed on Wikidata.1

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • CNO Bermuda Re, Ltd. Bermuda8

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • CONSECO INCMar 31, 2003 to May 10, 20106

Timeline

  1. Sep 1, 20268-K Regulation FD disclosure81
  2. Jul 30, 20268-K Results of operations82
  3. May 13, 20268-K Shareholder vote83
  4. Apr 30, 20268-K Results of operations84
  5. Feb 11, 20268-K Executive or director change; Regulation FD disclosure85
  6. Feb 5, 20268-K Results of operations86
  7. Jan 15, 20268-K Executive or director change87
  8. Nov 3, 20258-K Results of operations88
  9. Sep 10, 20258-K Regulation FD disclosure89
  10. Jul 28, 20258-K Results of operations90
  11. Jun 10, 20258-K Regulation FD disclosure91
  12. May 12, 20258-K Entered a material agreement; New debt or obligation; Executive or director change92
  13. Feb 23, 2018New chief executive Gary C. Bhojwani becomes CEO18
  14. Oct 3, 2011New chief executive Edward J. Bonach becomes CEO19
  15. Sep 11, 2006New chief executive C. James Prieur becomes CEO21
  16. Jul 5, 2006New chief executive James E. Hohmann becomes CEO20
  17. 1979Founded Founded1

Calendar

Coming up

  1. Oct 29, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $0.96 a share, on Nov 3, 2025.93

When it reported results

  1. Jul 30, 2026Reported quarterly or annual results82
  2. Apr 30, 2026Reported quarterly or annual results84
  3. Feb 5, 2026Reported quarterly or annual results86
  4. Nov 3, 2025Reported quarterly or annual results88
  5. Jul 28, 2025Reported quarterly or annual results90
  6. Apr 28, 2025Reported quarterly or annual results94
  7. Feb 6, 2025Reported quarterly or annual results95
  8. Oct 31, 2024Reported quarterly or annual results96

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

553 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 51 major events, 315 insider forms, 20 large holders, 147 other. The latest 20:

  1. Sep 16, 20264 EDGAR
  2. Sep 16, 2026144 EDGAR
  3. Sep 15, 2026144 EDGAR
  4. Sep 2, 20264 EDGAR
  5. Sep 2, 2026144 EDGAR
  6. Sep 2, 2026144 EDGAR
  7. Sep 2, 20264 EDGAR
  8. Sep 1, 2026144 EDGAR
  9. Sep 1, 2026144 EDGAR
  10. Sep 1, 20268-K EDGAR
  11. Aug 31, 2026144 EDGAR
  12. Aug 31, 2026144 EDGAR
  13. Aug 12, 202613F-HR EDGAR
  14. Aug 6, 202610-Q EDGAR
  15. Jul 30, 20268-K EDGAR
  16. Jul 1, 2026144 EDGAR
  17. Jul 1, 20264 EDGAR
  18. Jul 1, 20264 EDGAR
  19. Jun 30, 2026144 EDGAR
  20. Jun 11, 2026144 EDGAR

The 553 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

121 open-market trades by officers, directors and large owners since October 2021: 3 buys and 118 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 16, 2026Williams Jeremy D.Chief ActuarySale4,362$55.71$243.0KForm 4
Sep 15, 2026Williams Jeremy D.Chief ActuarySale4,420$55.27$244.3KForm 4
Sep 2, 2026Linnenbringer Jeanne L.Chief Operations OfficerSale3,919$55.11$216.0KForm 4
Sep 2, 2026DeToro Karen J.President, Worksite DivisionSale5,964$55.12$328.7KForm 4
Sep 1, 2026Linnenbringer Jeanne L.Chief Operations OfficerSale4,060$54.73$222.2KForm 4
Sep 1, 2026DeToro Karen J.President, Worksite DivisionSale9,336$54.74$511.0KForm 4
Aug 31, 2026Linnenbringer Jeanne L.Chief Operations OfficerSale6,560$54.99$360.7KForm 4
Aug 31, 2026DeToro Karen J.President, Worksite DivisionSale9,374$54.98$515.4KForm 4
Jul 1, 2026Tarasi Rocco F. IIIChief Marketing OfficerSale1,891$51.31$97.0KForm 4
Jun 30, 2026Bhojwani Gary C.Chief Executive OfficerSale86,048$51.48$4.4MForm 4
Jun 11, 2026Tarasi Rocco F. IIIChief Marketing OfficerSale5,750$50.00$287.5KForm 4
Jun 10, 2026Tarasi Rocco F. IIIChief Marketing OfficerSale3,308$49.00$162.1KForm 4
Jun 2, 2026Tarasi Rocco F. IIIChief Marketing OfficerSale4,808$47.00$226.0KForm 4
Mar 20, 2026Goldberg Scott L.President, Consumer DivisionSale11,060$39.54$437.3KForm 4
Mar 19, 2026Goldberg Scott L.President, Consumer DivisionSale11,060$39.97$442.1KForm 4
Feb 18, 2026Bhojwani Gary C.Chief Executive OfficerSale43,021$43.05$1.9MForm 4
Feb 18, 2026Zimpfer Matthew J.General CounselSale33,800$43.05$1.5MForm 4
Feb 17, 2026Franzese Yvonne K.Chief Human Resources OfficerSale9,000$43.17$388.5KForm 4
Feb 17, 2026Bhojwani Gary C.Chief Executive OfficerSale45,357$43.17$2.0MForm 4
Feb 17, 2026Zimpfer Matthew J.General CounselSale23,570$43.17$1.0MForm 4

All 121 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Gary C. BhojwaniChief Executive Officer$1.1M$11.2M104
2025Paul H. McDonoughChief Financial Officer$724.3K$4.1M104
2025Scott L. GoldbergPresident, Consumer Division$686.6K$3.5M104
2025Eric R. JohnsonChief Investment Officer$661.8K$2.9M104
2025Matthew J. ZimpferGeneral Counsel$627.0K$2.7M104
2024Gary C. BhojwaniChief Executive Officer$1.1M$10.4M104
2024Paul H. McDonoughChief Financial Officer$698.2K$3.7M104
2024Scott L. GoldbergPresident, Consumer Division$650.8K$2.9M104
2024Eric R. JohnsonChief Investment Officer$648.3K$2.8M104
2024Matthew J. ZimpferGeneral Counsel$620.0K$2.7M104
2023Gary C. BhojwaniChief Executive Officer$1.1M$9.8M104
2023Paul H. McDonoughChief Financial Officer$680.2K$3.3M104
2023Scott L. GoldbergPresident, Consumer Division$635.0K$2.5M104
2023Eric R. JohnsonChief Investment Officer$635.0K$2.5M104
2023Matthew J. ZimpferGeneral Counsel$610.0K$2.4M104

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.13,386,295$682.4M0.0%+331,648
Vanguard Portfolio Management LLC6,735,592$343.4M0.0%+814
State Street Corp4,156,957$211.9M0.0%+142,827
Vanguard Capital Management LLC4,081,392$208.1M0.0%−23,090
Franklin Resources Inc3,872,719$197.4M0.0%−56,718
American Century Companies Inc3,755,956$191.5M0.1%+172,666
Fuller & Thaler Asset Management, Inc.3,551,078$181.0M0.5%−201,914
Dimensional Fund Advisors LP3,387,446$172.7M0.0%−8,283
Aqr Capital Management LLC2,695,882$137.4M0.0%+1,175,283
Geode Capital Management, LLC2,623,422$133.8M0.0%+115,701
Pzena Investment Management LLC2,441,665$124.5M0.4%−29,256
Morgan Stanley1,648,544$84.0M0.0%−80,838
Assenagon Asset Management S.A.1,590,330$81.1M0.1%+1,512,875
Goldman Sachs Group Inc1,581,066$80.6M0.0%+361,808
Principal Financial Group Inc1,562,268$79.6M0.0%+69,771
Northern Trust Corp1,501,643$76.6M0.0%+10,587
Nomura Asset Management International Inc.1,151,061$58.7M0.1%−738,163
Allianz Asset Management GmbH1,100,313$53.9M0.1%+26,251
Fmr LLC1,057,157$53.9M0.0%+73,401
Charles Schwab Investment Management Inc1,022,405$52.1M0.0%−38,438
Bank Of America Corp /de/981,444$50.0M0.0%−6,619
Nuveen, LLC942,548$48.1M0.0%+283,792
Bank of New York Mellon Corp873,457$44.5M0.0%−28,055
Bragg Financial Advisors, Inc774,053$39.5M1.1%+40,407
Jpmorgan Chase & Co680,052$35.7M0.0%−104,356

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

3 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Jun 11, 2025Lisa C. McClainRepublican, HouseSale$1,001 - $15,000−17.6%Report
Jun 9, 2025Lisa C. McClainRepublican, HouseBuy$1,001 - $15,000+14.6%Report
May 12, 2025Jefferson ShreveRepublican, HouseSale$15,001 - $50,000−9.2%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How CNO Financial Group is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCNO Financial Group, Inc.2
  • CIK0001224608
  • Employer ID (EIN)75-310813717
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company17
  • Incorporated inDelaware17
  • Fiscal year endsDecember 312
  • Industry code (SIC)6321 Accident & Health Insurance2
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance2
  • Business address11299 Illinois Street, Suite 200, Carmel, IN 460322
  • Phone31781761002
  • Shares outstanding92,521,371 as of Jul 30, 202615
  • Public float$3.6B as of Jun 30, 202517
  • AuditorPricewaterhouseCoopers LLP, Indianapolis, Indiana PCAOB ID 238; it also attests to the company’s internal control over financial reporting17
  • On EDGAR sinceMar 31, 20032
  • Filings2,211 in all: 4 (1,052), 8-K (453), 144 (103), 10-Q (69), SC 13G/A (69), 3 (67), 13F-HR (38), 4/A (28)2
    All 60 form types

    CORRESP (28), UPLOAD (24), 10-K (23), DEFA14A (23), SC 13G (23), DEF 14A (22), 5 (20), SC 13D/A (19), ARS (17), PRE 14A (13), SC TO-I/A (8), 8-K/A (7), S-8 (7), 424B3 (6), 8-A12B (5), 8-A12B/A (5), RW (5), S-1/A (5), S-3ASR (5), 424B2 (4), 424B5 (4), CERTNYS (4), FWP (4), S-3 (4), SC 13D (4), NT 10-K (3), NT 10-Q (3), SC TO-C (3), SCHEDULE 13G (3), 424A (2), 424B4 (2), DFAN14A (2), NO ACT (2), S-1 (2), SC TO-I (2), SCHEDULE 13G/A (2), T-3 (2), 10-Q/A (1), 144/A (1), 25-NSE (1), 424B1 (1), 8-A12G (1), CERT (1), DEFC14A (1), DEFN14A (1), EFFECT (1), PREC14A (1), PREN14A (1), PRER14A (1), PRRN14A (1), S-1MEF (1), S-3/A (1)

  • Latest filingsAnnual report (10-K) Feb 24, 2026
    Quarterly report (10-Q) Aug 6, 2026
    Proxy statement (DEF 14A) Mar 26, 2026
    Latest 8-K (8-K) Sep 1, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.01 per shareCNONew York Stock Exchange
Rights to purchase Series F Junior Participating Preferred StockNew York Stock Exchange
5.125% Subordinated Debentures due 2060CNOpANew York Stock Exchange

From the cover page of the 10-K filed Feb 24, 2026 (Section 12(b) of the Exchange Act).17

Risk factors and legal proceedings

The risks CNO Financial Group names in Item 1A of its 10-K filed Feb 24, 2026: 31 risks under these headings, as written.17

  • There are risks to our business associated with broad economic conditions.
  • Inflation levels could have adverse consequences for us, the insurance industry and the U.S. economy
  • A return to a prolonged low interest rate environment may negatively impact our results of operations, financial position and cash flows.
  • Our investment portfolio is subject to several risks that may diminish the value of our invested assets and negatively impact our profitability, our financial condition and our liquidity.
  • The determination of the allowance for credit losses related to our investments is highly subjective and could have a material adverse effect on our operating results and financial condition.
  • The determination of fair value of our fixed maturity securities results in unrealized investment gains and losses and is, in some cases, highly subjective and could materially impact our operating results and financial condition.
  • The results of operations of our insurance business will decline if our premium rates are not adequate or if we are unable to increase rates.
  • Our business, financial condition, results of operations, liquidity and cash flows depend on the accuracy of our models and assumptions, and we could experience significant gains or losses if the models and assumptions differ significantly from actual results.
  • Our liabilities for insurance products may prove to be inadequate, requiring us to increase liabilities which results in reduced net income and shareholders' equity.
  • Our operating results may suffer if policyholder surrender levels differ significantly from our assumptions.
  • We face risk with respect to our reinsurance agreements.
  • The Revolving Credit Agreement and the Indentures for the Notes and Debentures contain various restrictive covenants and required financial ratios that could limit our operating flexibility. The violation of one or more loan covenant requirements will entitle our lenders to declare all outstanding amounts under the Revolving Credit Agreement, the Notes and the Debentures to be due and payable.
The other 19 risks
  • CNO is a holding company and its liquidity and ability to meet its obligations may be constrained by the ability of CNO's insurance subsidiaries to distribute cash to it.
  • A decline in our current credit ratings may adversely affect our ability to access capital and the cost of such capital, which could have a material adverse effect on our financial condition and results of operations.
  • Our ability to use our existing NOLs may be limited by certain transactions, and an impairment of existing NOLs could result in a significant writedown in the value of our deferred tax assets.
  • The value of our deferred tax assets may be reduced to the extent our future profits are less than we have projected or the current corporate income tax rate is reduced, and such reductions in value may have a material adverse effect on our results of operations and our financial condition.
  • Changes in tax laws could increase our tax costs and reduce sales of our insurance and annuity products.
  • From time to time we may become subject to tax audits, tax litigation or similar proceedings, and as a result we may owe additional taxes, interest and penalties, or our NOLs may be reduced, in amounts that may be material.
  • Litigation and regulatory investigations are inherent in our business, may harm our financial condition and reputation, and may negatively impact our financial results.
  • Federal and state legislation could adversely affect the financial performance of our insurance operations.
  • Our insurance subsidiaries may be required to pay assessments to fund other companies' policyholder losses or liabilities and this may negatively impact our financial results.
  • Managing operational risks may not be effective in mitigating risk and loss to us.
  • Major public health issues could have an adverse impact on our financial condition, results of operations, liquidity, cash flows and other aspects of our business.
  • The occurrence of natural or man-made disasters or climate change could adversely affect our financial condition and results of operations.
  • Interruption in telecommunication, information technology and other operational systems, or a failure to maintain the security, confidentiality or privacy of sensitive data residing on such systems, could harm our business.
  • The use or anticipated use of AI technologies, including generative AI, by us or third parties, may increase the operational risks discussed above, or create new or unanticipated operational risks.
  • Our business could be interrupted or compromised if we experience difficulties arising from outsourcing relationships.
  • A decline in the current financial strength rating of our insurance subsidiaries could cause us to experience decreased sales, increased agent attrition and increased policyholder lapses and other policy withdrawals.
  • Competition from companies that have greater market share, higher ratings, greater financial resources and stronger brand recognition, may impair our ability to retain existing customers and sales representatives, attract new customers and sales representatives and maintain or improve our financial results.
  • If we are unable to attract and retain agents and marketing organizations, or otherwise attract and retain key personnel, sales of our products may be reduced and our operations may be adversely impacted.
  • We may not be able to protect our intellectual property and may be subject to infringement claims.

Legal proceedings

Information required for Item 3. is incorporated by reference to the discussion under the heading "Legal Proceedings" in the note to the consolidated financial statements entitled "Commitments and Contingencies" included in Item 8. of this Form 10-K.

The opening of Item 3, Legal Proceedings.17

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48
  49. 49
  50. 50
  51. 51
  52. 52
  53. 53
  54. 54
  55. 55
  56. 56
  57. 57
  58. 58
  59. 59
  60. 60
  61. 61
  62. 62
  63. 63
  64. 64
  65. 65
  66. 66
  67. 67
  68. 68
  69. 69
  70. 70
  71. 71
  72. 72
  73. 73
  74. 74
  75. 75
  76. 76
  77. 77
  78. 78
  79. 79
  80. 80
  81. 81
  82. 82
  83. 83
  84. 84
  85. 85
  86. 86
  87. 87
  88. 88
  89. 89
  90. 90
  91. 91
  92. 92
  93. 93
  94. 94
  95. 95
  96. 96
  97. 97
  98. 98
  99. 99
  100. 100
  101. 101
  102. 102
  103. 103
  104. 104