$47.29

-0.09 (-0.19%)

Weekly Expected Move ±2.1%

$45 $46 $47 $48 $49

NYSE · Financial Services · Insurance - Life · Alpha Radar Strong Buy · Power 69 · $4.4B mcap · 91M float · 0.750% daily turnover · Short 41% of daily vol

Overview News Chart Smart Money Financials Income Statement Cash Flow Balance Sheet Earnings

Dividends Analysis Technicals Weather Peers ESG Institutions ETF Exposure Dark Pool Short Interest

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

WEAK EDGE

44.1 / 100

NoneWeakNarrowWide

Primary source: Cost Advantage · ROIC: -11.2%

Cost Advantage ★

Intangibles

Switching Cost

Network Effect

Scale

The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. CNO shows a Weak competitive edge (44.1/100) — limited structural advantages that may face competitive pressure. The primary source of advantage is Cost Advantage. Negative ROIC of -11.2% indicates the company is currently destroying value, though this may reflect a growth investment phase.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets

Low

$47

Avg Target

$47

High

Based on 3 analyst ratings (12 mo)

Analyst Recommendations

Strong Buy: 0Buy: 7Hold: 9Sell: 1Strong Sell: 0

Rating Summary

ConsensusHold

Avg Target$46.67

Analysts3

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-02-18	Evercore ISI	—	$29	$43	+14	+0.1%	$42.96
2025-12-23	Piper Sandler	—	$37	$50	+13	+15.0%	$43.48
2025-12-15	Jefferies	Suneet Kamath	Initiated	$47	—	+14.0%	$41.23
2024-09-13	Piper Sandler	John Barnidge	$31	$37	+6	+13.3%	$32.65
2024-07-30	Evercore ISI	Thomas Gallagher	Initiated	$29	—	-15.5%	$34.32
2024-06-28	Piper Sandler	John Barnidge	$29	$31	+2	+12.5%	$27.56
2024-04-15	Piper Sandler	John Barridge	Initiated	$29	—	+15.0%	$25.21
2022-05-03	Morgan Stanley	—	Initiated	$27	—	+11.9%	$24.12

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

May 22, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. CNO receives an overall rating of B. Strongest factors: DCF (5/5). Areas of concern: D/E (1/5), P/E (2/5), P/B (2/5).

Rating Change History

Date	From	To
2026-05-04	C	B
2026-04-30	B	C
2026-04-01	B-	B
2026-03-02	B+	B-
2026-02-17	B	B+
2026-01-26	B+	B
2026-01-13	A-	B+
2026-01-03	B+	A-

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 38 Grade B

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. CNO scores highest in Earnings Quality (73/100) and lowest in Profitability (27/100). A grade of B indicates above-average fundamentals with room for improvement in select areas.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman-I Score

2.97

Grey Zone

Piotroski F-Score

7/9

✓ ✓ ✗ ✓ ✓ ✗ ✓ ✓ ✓

Beneish M-Score

-2.64

Unlikely Manipulator

Ohlson O-Score

-5.65

Bankruptcy prob: 0.3%

Low Risk

Credit Rating

Score: 43.2/100

Trend: Deteriorating

Earnings Quality

100/100

OCF/NI: 2.80x

Accruals: -1.2%

The Altman-I Score is adapted for insurance companies, emphasizing return on equity, tangible net worth, and cash reserves alongside the standard equity and earnings components. CNO scores 2.97, placing it in the Grey Zone (safe > 3.0, distress < 1.5). Financial distress is possible and warrants monitoring. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. CNO scores 7/9, signaling strong financial health across all three dimensions. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. CNO's score of -2.64 falls below this threshold, suggesting earnings are unlikely to be manipulated. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. CNO's implied 0.3% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. CNO receives an estimated rating of BB (score: 43.2/100), with a deteriorating trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). CNO's score of 100/100 is high — cash flows strongly support reported earnings.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

18.12x

PEG

-1.33x

P/S

0.98x

P/B

1.78x

P/FCF

5.62x

P/OCF

5.62x

EV/EBITDA

-1.49x

EV/Revenue

-0.21x

EV/EBIT

-1.99x

EV/FCF

-1.39x

Earnings Yield

6.36%

FCF Yield

17.81%

Shareholder Yield

9.34%

Graham Number

$40.58

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 18.1x earnings, CNO trades at a reasonable valuation. An earnings yield of 6.4% exceeds typical risk-free rates, suggesting equities are being compensated for risk. Graham's intrinsic value formula yields $40.58 per share, 17% below the current price.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

0.782

NI / EBT

Interest Burden

0.650

EBT / EBIT

EBIT Margin

0.107

EBIT / Rev

Asset Turnover

0.117

Rev / Assets

Equity Multiplier

14.955

Assets / Equity

ROE

9.6%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. CNO's ROE of 9.6% is driven by financial leverage (equity multiplier: 14.96x). Note: high leverage means ROE is amplified by debt rather than operational performance.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Adj. Growth Rate

0.00%

Fair P/E

8.50x

Intrinsic Value

$22.18

Price/Value

1.85x

Margin of Safety

-85.11%

Premium

85.11%

Assessment

Overvalued

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with CNO's realized 0.0% 3-year EPS CAGR — what the company actually delivered, not what analysts hope for. CNO trades at a 85% premium to its adjusted intrinsic value of $22.18, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 8.5x compares to the current market P/E of 18.1x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$47.29

Median 1Y

$52.44

5th Pctile

$28.40

95th Pctile

$97.60

Ann. Volatility

37.1%

25th–75th percentile 5th–95th percentile Median path Historical

Executive Compensation

C-suite compensation breakdown including salary, stock awards, options, and incentive pay. The CEO-to-employee pay ratio and Gini coefficient measure pay distribution fairness.

C-Suite Compensation

Executive	Salary	Stock	Total
James Prieur Chief Executive Officer	$900,000	$2,068,528	$6,726,153
Edward Bonach Chief Financial Officer	$503,751	$556,976	$2,854,764
Scott Perry President, Bankers Life and Casualty Company	$441,324	$535,080	$2,221,743
Eric Johnson President, 40186 Advisors Inc.	$500,000	$362,670	$2,175,789
Steven Stecher President, Washington National	$412,000	$468,195	$1,738,317

CEO Pay Ratio

Insufficient data for pay ratio.

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees

3,300

-5.7% YoY

Revenue / Employee

$1,359,818

Rev: $4,487,400,000

Profit / Employee

$69,485

NI: $229,300,000

SGA / Employee

—

Avg labor cost proxy

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
ROE	9.2%	8.6%	8.2%	8.9%	11.8%	13.2%	18.1%	12.9%	8.3%	8.1%	13.9%	19.6%	21.7%	13.8%	17.1%	13.0%	11.9%	12.5%	8.6%	9.6%	9.56%
ROA	1.4%	1.3%	1.2%	1.3%	1.8%	2.0%	1.8%	1.3%	0.8%	0.8%	0.8%	1.1%	1.3%	0.8%	1.1%	0.8%	0.8%	0.8%	0.6%	0.6%	0.64%
ROIC	-3.3%	-3.1%	-2.8%	-3.0%	-4.0%	-4.5%	-4.3%	-3.1%	-2.0%	-1.9%	-1.7%	-2.4%	-2.7%	-1.7%	-16.6%	-12.6%	-11.5%	-12.1%	-10.1%	-11.2%	-11.24%
ROCE	2.0%	1.9%	1.8%	2.0%	2.5%	2.8%	2.9%	2.3%	1.7%	1.8%	1.7%	2.1%	2.3%	1.7%	2.0%	1.7%	1.6%	1.6%	1.3%	1.2%	1.24%
Gross Margin	34.8%	39.8%	41.4%	57.2%	64.3%	54.7%	39.5%	32.3%	40.1%	55.4%	32.7%	41.7%	43.7%	30.8%	48.2%	35.2%	38.9%	38.7%	47.3%	44.6%	44.63%
Operating Margin	9.5%	13.2%	13.8%	28.5%	35.1%	25.2%	5.7%	-0.1%	9.4%	22.8%	3.9%	12.7%	14.1%	1.0%	19.2%	1.8%	10.2%	3.0%	9.7%	4.7%	4.70%
Net Margin	7.3%	10.3%	10.8%	21.8%	27.3%	19.4%	4.5%	-0.1%	7.2%	17.7%	3.1%	9.7%	10.9%	0.8%	15.1%	1.4%	8.0%	1.9%	8.1%	3.7%	3.66%
EBITDA Margin	16.5%	22.6%	24.6%	38.6%	45.5%	36.2%	14.7%	11.9%	21.5%	36.4%	15.3%	24.0%	26.9%	13.6%	31.8%	15.7%	22.2%	14.5%	14.4%	4.7%	4.70%
FCF Margin	15.6%	16.3%	14.5%	14.3%	14.1%	12.3%	13.9%	13.9%	14.1%	14.4%	14.1%	13.9%	13.0%	13.6%	14.1%	15.6%	16.1%	15.1%	15.1%	15.2%	15.24%
OCF Margin	15.6%	16.3%	14.5%	14.3%	14.1%	12.3%	13.9%	13.9%	14.1%	14.4%	14.1%	13.9%	13.0%	13.6%	14.1%	15.6%	16.1%	15.1%	15.1%	15.2%	15.24%
ROE 3Y Avg	snapshot only																				13.04%
ROE 5Y Avg	snapshot only																				14.75%
ROA 3Y Avg	snapshot only																				0.85%
ROIC Economic	snapshot only																				3.72%
Cash ROA	snapshot only																				1.77%
NOPAT Margin	snapshot only																				5.44%
Pretax Margin	snapshot only																				6.96%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				0.00%
SBC / Revenue	snapshot only																				0.00%

Valuation

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
P/E Ratio	6.13	6.32	6.18	6.61	3.11	3.24	3.94	5.32	8.91	9.17	11.04	7.57	6.83	13.17	9.61	13.87	14.03	13.18	18.66	15.73	18.122
P/S Ratio	0.69	0.67	0.66	0.80	0.53	0.62	0.70	0.64	0.67	0.66	0.74	0.69	0.68	0.80	0.87	0.99	0.90	0.87	0.92	0.86	0.978
P/B Ratio	0.52	0.50	0.52	0.60	0.37	0.44	1.42	1.36	1.47	1.47	1.38	1.33	1.33	1.63	1.55	1.70	1.58	1.55	1.57	1.46	1.781
P/FCF	4.41	4.11	4.56	5.58	3.73	5.06	5.06	4.61	4.72	4.59	5.24	4.95	5.22	5.89	6.18	6.32	5.60	5.79	6.12	5.62	5.616
P/OCF	4.41	4.11	4.56	5.58	3.73	5.06	5.06	4.61	4.72	4.59	5.24	4.95	5.22	5.89	6.18	6.32	5.60	5.79	6.12	5.62	5.616
EV/EBITDA	-16.58	-17.25	-18.50	-18.02	-15.82	-14.25	-11.85	-14.44	-17.21	-16.86	-17.47	-14.88	-13.97	-16.22	-0.99	-0.74	-1.08	-1.12	-0.92	-1.49	-1.494
EV/Revenue	-3.99	-4.06	-4.41	-4.48	-5.06	-5.06	-3.92	-3.78	-3.57	-3.53	-3.64	-3.54	-3.50	-3.21	-0.24	-0.16	-0.23	-0.24	-0.15	-0.21	-0.212
EV/EBIT	-23.90	-25.44	-27.41	-24.89	-20.69	-18.09	-14.61	-18.85	-24.19	-23.67	-25.32	-20.29	-18.76	-23.80	-1.36	-1.08	-1.63	-1.69	-1.34	-1.99	-1.985
EV/FCF	-25.66	-24.89	-30.38	-31.40	-35.93	-41.01	-28.33	-27.14	-25.25	-24.58	-25.87	-25.49	-26.87	-23.67	-1.67	-1.04	-1.40	-1.56	-1.02	-1.39	-1.394
Earnings Yield	16.3%	15.8%	16.2%	15.1%	32.1%	30.9%	25.4%	18.8%	11.2%	10.9%	9.1%	13.2%	14.7%	7.6%	10.4%	7.2%	7.1%	7.6%	5.4%	6.4%	6.36%
FCF Yield	22.7%	24.3%	21.9%	17.9%	26.8%	19.8%	19.8%	21.7%	21.2%	21.8%	19.1%	20.2%	19.2%	17.0%	16.2%	15.8%	17.9%	17.3%	16.4%	17.8%	17.81%
Price/Tangible Book	snapshot only																				1.467
EV/OCF	snapshot only																				-1.394
EV/Gross Profit	snapshot only																				-0.502
Acquirers Multiple	snapshot only																				-3.053
Shareholder Yield	snapshot only																				9.34%
Graham Number	snapshot only																				$40.58

Leverage & Solvency

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Current Ratio	—	—	3497.33	3497.33	3497.33	3497.33	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Quick Ratio	—	—	3497.33	3497.33	3497.33	3497.33	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Debt/Equity	0.72	0.72	0.76	0.76	0.76	0.76	2.20	2.20	2.20	2.20	1.87	1.87	1.87	1.87	1.81	1.81	1.81	1.81	1.54	1.54	1.536
Net Debt/Equity	-3.56	-3.56	-3.97	-3.97	-3.97	-3.97	-9.35	-9.35	-9.35	-9.35	-8.18	-8.18	-8.18	-8.18	-1.97	-1.97	-1.97	-1.97	-1.83	-1.83	-1.828
Debt/Assets	0.11	0.11	0.11	0.11	0.11	0.11	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.10	0.10	0.104
Debt/EBITDA	3.91	4.05	4.07	4.06	3.34	3.06	3.28	3.97	4.79	4.70	4.81	4.07	3.82	4.64	4.24	4.78	4.94	4.83	5.40	6.31	6.313
Net Debt/EBITDA	-19.42	-20.10	-21.27	-21.22	-17.47	-16.01	-13.96	-16.89	-20.42	-20.00	-21.01	-17.77	-16.69	-20.25	-4.63	-5.21	-5.39	-5.27	-6.42	-7.51	-7.512
Interest Coverage	7.32	6.92	6.95	7.50	9.25	9.12	7.01	4.47	2.91	2.64	2.50	3.06	3.23	2.38	3.04	2.52	2.42	2.60	2.23	2.20	2.197
Equity Multiplier	6.44	6.44	6.88	6.88	6.88	6.88	18.73	18.73	18.73	18.73	15.81	15.81	15.81	15.81	15.15	15.15	15.15	15.15	14.77	14.77	14.770
Debt Service Coverage	snapshot only																				2.920
Cash to Debt	snapshot only																				2.190
FCF to Debt	snapshot only																				0.170
Defensive Interval	snapshot only																				3102.9 days

Efficiency & Turnover

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Asset Turnover	0.12	0.12	0.12	0.11	0.10	0.10	0.10	0.11	0.11	0.11	0.12	0.13	0.13	0.13	0.12	0.12	0.12	0.12	0.12	0.12	0.117
Inventory Turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables Turnover (trade)	0.89	0.88	0.92	0.89	0.84	0.82	0.83	0.87	0.91	0.92	1.00	1.04	1.05	1.09	1.13	1.09	1.11	1.13	1.19	1.20	1.198
Payables Turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
DSO (trade)	410	415	396	412	436	444	438	419	401	396	364	351	348	334	324	335	329	324	306	305	304.6 days
DIO	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0.0 days
DPO	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	—
Cash Conversion Cycle (trade)	410	415	396	412	436	444	438	419	401	396	364	351	348	334	324	335	329	324	306	305	—
Cash Velocity	snapshot only																				0.509
Capital Intensity	snapshot only																				8.635

Growth (YoY)

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Revenue	11.3%	8.1%	7.9%	-3.7%	-10.3%	-10.8%	-13.2%	-5.5%	4.5%	7.4%	15.9%	14.8%	11.0%	14.4%	7.2%	0.1%	1.0%	-1.7%	0.9%	5.0%	5.02%
Net Income	22.5%	-6.6%	46.1%	1.4%	35.6%	62.1%	44.2%	-5.3%	-53.8%	-60.0%	-56.5%	-13.8%	47.9%	-3.3%	46.1%	-21.6%	-35.0%	7.5%	-45.2%	-19.6%	-19.61%
EPS	31.7%	2.6%	64.1%	1.4%	54.7%	53.0%	54.6%	13.0%	-53.1%	-52.2%	-55.4%	-10.9%	56.6%	5.3%	56.5%	-15.7%	-31.1%	14.6%	-40.2%	-11.9%	-11.93%
FCF	-7.8%	-7.5%	-18.7%	-19.2%	-18.8%	-32.5%	-17.2%	-7.9%	4.7%	25.0%	17.7%	14.3%	2.4%	8.2%	7.7%	12.5%	24.7%	9.4%	7.6%	2.7%	2.69%
EBITDA	58.9%	32.6%	29.8%	-6.9%	19.2%	34.5%	20.6%	-0.6%	-32.3%	-36.7%	-27.2%	4.2%	34.2%	8.2%	23.4%	-7.3%	-15.8%	4.4%	-29.5%	-32.1%	-32.14%
Op. Income	2.1%	82.7%	64.9%	2.1%	35.7%	62.7%	45.0%	-5.8%	-53.6%	-60.0%	-56.7%	-13.4%	47.6%	-3.3%	45.3%	-22.7%	-36.0%	8.1%	-45.3%	-19.4%	-19.45%
OCF Growth	snapshot only																				2.69%
Asset Growth	snapshot only																				2.95%
Equity Growth	snapshot only																				5.60%
Debt Growth	snapshot only																				-10.36%
Shares Change	snapshot only																				-8.72%
Dividend Growth	snapshot only																				-1.34%

Growth (CAGR)

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Revenue 3Y	-0.4%	-3.8%	-1.5%	-2.9%	-4.3%	-0.4%	-3.8%	0.3%	1.4%	1.2%	2.8%	1.5%	1.3%	3.1%	2.5%	2.8%	5.4%	6.5%	7.9%	6.5%	6.46%
Revenue 5Y	1.6%	0.8%	0.6%	-0.7%	-2.1%	-2.7%	-3.6%	-2.5%	-1.5%	-3.1%	-0.8%	-0.2%	0.3%	3.9%	2.1%	3.0%	3.2%	3.1%	3.3%	1.9%	1.89%
EPS 3Y	39.3%	—	—	—	—	71.5%	26.3%	19.6%	-1.5%	-9.1%	4.2%	0.7%	4.3%	-8.3%	2.6%	-5.3%	-20.3%	-16.8%	-25.3%	-12.9%	-12.86%
EPS 5Y	17.8%	17.9%	11.5%	10.3%	18.4%	13.0%	39.1%	27.6%	14.4%	—	—	—	—	20.5%	7.1%	5.1%	0.6%	-2.0%	1.2%	-5.4%	-5.39%
Net Income 3Y	29.2%	—	—	—	—	64.3%	15.8%	10.3%	-8.4%	-15.4%	-2.9%	-6.1%	-2.5%	-14.4%	-2.9%	-13.8%	-23.7%	-25.3%	-29.6%	-18.4%	-18.40%
Net Income 5Y	11.0%	10.8%	4.2%	4.9%	9.7%	8.1%	29.4%	18.0%	6.2%	—	—	—	—	11.4%	-0.3%	-1.9%	-5.9%	-8.8%	-6.0%	-12.2%	-12.20%
EBITDA 3Y	3.6%	58.1%	77.0%	96.4%	2.2%	28.1%	19.5%	21.7%	8.6%	4.2%	4.5%	-1.2%	2.7%	-2.7%	2.7%	-1.3%	-8.5%	-10.5%	-14.1%	-13.1%	-13.13%
EBITDA 5Y	7.5%	6.4%	5.7%	4.1%	6.8%	6.9%	6.4%	1.9%	-2.1%	27.5%	37.2%	51.0%	97.5%	7.6%	8.9%	11.7%	7.7%	5.0%	-0.2%	-9.5%	-9.51%
Gross Profit 3Y	4.0%	27.5%	32.9%	34.4%	42.0%	16.2%	11.8%	13.5%	8.5%	6.7%	5.6%	2.6%	3.9%	0.8%	3.4%	0.2%	-3.4%	-3.2%	-2.0%	2.8%	2.82%
Gross Profit 5Y	6.2%	6.1%	4.1%	3.7%	5.1%	4.7%	5.6%	3.6%	1.9%	15.8%	18.5%	21.0%	23.3%	6.0%	5.9%	7.1%	5.8%	5.8%	5.3%	2.7%	2.75%
Op. Income 3Y	6.8%	—	—	—	—	65.0%	44.3%	61.7%	24.7%	5.9%	1.2%	-5.9%	-2.4%	-14.3%	-3.0%	-14.2%	-24.1%	-25.3%	-29.9%	-18.6%	-18.60%
Op. Income 5Y	12.4%	11.1%	10.0%	8.6%	12.4%	11.3%	11.4%	3.4%	-5.2%	—	—	—	—	11.7%	13.6%	23.2%	12.8%	4.4%	-3.8%	-12.3%	-12.30%
FCF 3Y	3.9%	31.7%	23.5%	13.4%	10.4%	-14.0%	-10.7%	-8.5%	-7.8%	-8.0%	-7.5%	-5.2%	-4.5%	-3.0%	1.6%	5.8%	10.2%	13.9%	10.9%	9.7%	9.71%
FCF 5Y	-2.9%	-3.2%	-4.7%	-5.7%	-5.6%	-5.8%	-4.2%	-0.9%	-0.9%	14.0%	12.9%	9.0%	7.6%	-3.0%	-2.1%	-0.3%	0.0%	-1.6%	-1.7%	-0.3%	-0.33%
OCF 3Y	3.9%	31.7%	23.5%	13.4%	10.4%	-14.0%	-10.7%	-8.5%	-7.8%	-8.0%	-7.5%	-5.2%	-4.5%	-3.0%	1.6%	5.8%	10.2%	13.9%	10.9%	9.7%	9.71%
OCF 5Y	-2.9%	-3.2%	-4.7%	-5.7%	-5.6%	-5.8%	-4.2%	-0.9%	-0.9%	14.0%	12.9%	9.0%	7.6%	-3.0%	-2.1%	-0.3%	0.0%	-1.6%	-1.7%	-0.3%	-0.33%
Assets 3Y	2.2%	2.2%	4.8%	4.8%	4.8%	4.8%	-0.5%	-0.5%	-0.5%	-0.5%	-0.3%	-0.3%	-0.3%	-0.3%	1.5%	1.5%	1.5%	1.5%	5.6%	5.6%	5.56%
Assets 5Y	2.6%	2.6%	2.5%	2.5%	2.5%	2.5%	0.0%	0.0%	0.0%	0.0%	2.2%	2.2%	2.2%	2.2%	2.4%	2.4%	2.4%	2.4%	2.0%	2.0%	1.97%
Equity 3Y	4.2%	4.2%	16.0%	16.0%	16.0%	16.0%	-27.7%	-27.7%	-27.7%	-27.7%	-26.1%	-26.1%	-26.1%	-26.1%	-22.0%	-22.0%	-22.0%	-22.0%	14.3%	14.3%	14.26%
Book Value 3Y	12.4%	13.0%	27.5%	22.8%	28.6%	21.0%	-21.1%	-21.6%	-22.2%	-22.3%	-20.7%	-20.7%	-20.9%	-20.8%	-17.6%	-14.3%	-18.5%	-13.0%	21.4%	22.0%	22.00%
Dividend 3Y	7.9%	8.2%	9.2%	5.0%	9.6%	3.3%	8.6%	8.5%	8.7%	9.0%	9.1%	8.6%	7.7%	7.3%	5.4%	9.3%	3.7%	10.6%	5.4%	6.3%	6.30%

Growth Quality

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Revenue Stability	0.04	0.02	0.02	0.10	0.30	0.28	0.61	0.34	0.26	0.54	0.16	0.13	0.02	0.41	0.15	0.67	0.78	0.66	0.66	0.42	0.420
Earnings Stability	0.00	0.05	0.08	0.12	0.16	0.29	0.53	0.42	0.28	0.50	0.39	0.46	0.36	0.01	0.00	0.10	0.15	0.32	0.10	0.90	0.901
Margin Stability	0.70	0.73	0.71	0.68	0.64	0.80	0.79	0.85	0.84	0.65	0.64	0.67	0.65	0.82	0.83	0.87	0.86	0.83	0.84	0.93	0.932
Rev. Growth Consistency	0.50	1.00	0.50	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	1.00	1.00	1.00	0.00	1.00	1.00	1.000
Earn. Growth Consistency	1.00	0.00	0.50	1.00	1.00	0.50	1.00	0.00	0.00	0.00	0.00	0.00	0.50	0.00	0.50	0.00	0.00	0.50	0.00	0.00	0.000
FCF Positive Streak	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Earnings Persistence	0.50	0.97	0.82	0.99	0.86	0.50	0.82	0.98	0.50	0.50	0.50	0.94	0.81	0.99	0.82	0.91	0.86	0.97	0.82	0.92	0.922
Earnings Smoothness	0.80	0.93	0.63	0.99	0.70	0.53	0.64	0.95	0.26	0.14	0.21	0.85	0.61	0.97	0.63	0.76	0.58	0.93	0.42	0.78	0.783
ROE Trend	0.11	0.01	0.01	0.01	0.04	0.04	0.29	0.17	0.06	0.05	-0.10	0.00	0.05	-0.02	-0.08	-0.09	-0.07	-0.02	-0.06	-0.06	-0.056
Gross Margin Trend	0.15	0.05	0.05	0.06	0.13	0.16	0.15	0.05	-0.03	-0.05	-0.07	-0.03	-0.03	-0.11	-0.06	-0.05	-0.04	0.01	-0.00	0.02	0.016
FCF Margin Trend	0.02	-0.03	-0.04	-0.03	-0.03	-0.05	-0.03	-0.02	-0.01	0.00	-0.00	-0.00	-0.01	0.00	0.00	0.02	0.02	0.01	0.01	0.01	0.005
Sustainable Growth Rate	7.9%	7.3%	7.0%	7.7%	10.6%	12.0%	16.3%	11.0%	6.4%	6.1%	10.5%	16.1%	18.3%	10.4%	14.3%	10.1%	9.1%	9.7%	6.0%	7.0%	6.97%
Internal Growth Rate	1.2%	1.1%	1.1%	1.2%	1.6%	1.8%	1.7%	1.1%	0.7%	0.6%	0.6%	1.0%	1.1%	0.6%	0.9%	0.7%	0.6%	0.6%	0.4%	0.5%	0.47%

Cash Flow Quality

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
OCF/Net Income	1.39	1.54	1.36	1.19	0.83	0.64	0.78	1.15	1.89	2.00	2.11	1.53	1.31	2.24	1.55	2.19	2.51	2.28	3.05	2.80	2.802
FCF/OCF	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.000
FCF/Net Income	snapshot only																				2.802
OCF/EBITDA	snapshot only																				1.072
CapEx/Revenue	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
CapEx/Depreciation	snapshot only																				0.000
Accruals Ratio	-0.01	-0.01	-0.00	-0.00	0.00	0.01	0.00	-0.00	-0.01	-0.01	-0.01	-0.01	-0.00	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-0.012
Sloan Accruals	snapshot only																				0.021
Cash Flow Adequacy	snapshot only																				10.358
Earnings Quality Score	snapshot only																				1.000

Dividends & Buybacks

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Dividend Yield	2.3%	2.4%	2.4%	2.1%	3.3%	2.8%	2.6%	2.7%	2.6%	2.6%	2.2%	2.3%	2.3%	1.9%	1.7%	1.6%	1.7%	1.7%	1.6%	1.7%	1.44%
Dividend/Share	$0.50	$0.52	$0.53	$0.48	$0.55	$0.47	$0.56	$0.57	$0.58	$0.59	$0.60	$0.62	$0.62	$0.65	$0.64	$0.65	$0.65	$0.67	$0.68	$0.71	$0.68
Payout Ratio	14.4%	15.2%	14.9%	13.7%	10.2%	9.1%	10.2%	14.6%	22.8%	23.8%	24.6%	17.5%	15.8%	24.8%	16.8%	22.0%	23.8%	22.5%	29.9%	27.0%	27.05%
FCF Payout Ratio	10.3%	9.9%	11.0%	11.6%	12.3%	14.2%	13.1%	12.6%	12.1%	11.9%	11.7%	11.5%	12.1%	11.1%	10.8%	10.0%	9.5%	9.9%	9.8%	9.7%	9.65%
Total Payout Ratio	86.8%	1.1%	1.1%	1.0%	72.0%	48.7%	40.1%	38.0%	48.7%	61.1%	84.7%	68.6%	68.8%	1.3%	91.1%	1.4%	1.6%	1.5%	1.8%	1.5%	1.47%
Div. Increase Streak	1	0	0	0	0	0	0	0	0	0	0	1	1	1	0	0	0	0	0	0	0
Chowder Number	0.02	0.02	0.00	-0.00	-0.00	-0.00	0.01	0.03	0.06	0.07	0.07	0.06	0.04	0.03	0.01	0.00	-0.00	-0.01	-0.01	0.00	0.004
Buyback Yield	11.8%	14.8%	15.0%	13.1%	19.8%	12.2%	7.6%	4.4%	2.9%	4.1%	5.4%	6.8%	7.8%	7.7%	7.7%	8.3%	9.9%	9.3%	8.0%	7.6%	7.62%
Net Buyback Yield	10.6%	13.6%	14.2%	12.7%	19.4%	11.8%	7.0%	3.7%	2.2%	3.4%	5.0%	6.5%	7.5%	7.4%	7.4%	8.0%	9.6%	9.0%	7.7%	7.3%	7.34%
Total Shareholder Return	13.0%	16.0%	16.6%	14.8%	22.7%	14.6%	9.6%	6.4%	4.8%	6.0%	7.2%	8.8%	9.8%	9.3%	9.2%	9.5%	11.3%	10.7%	9.3%	9.1%	9.06%

DuPont Factors

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Tax Burden (NI/EBT)	0.78	0.78	0.78	0.77	0.77	0.77	0.77	0.78	0.77	0.77	0.77	0.77	0.77	0.77	0.78	0.78	0.79	0.77	0.78	0.78	0.782
Interest Burden (EBT/EBIT)	0.86	0.86	0.86	0.87	0.89	0.89	0.86	0.78	0.66	0.62	0.60	0.67	0.69	0.58	0.67	0.60	0.59	0.61	0.55	0.65	0.650
EBIT Margin	0.17	0.16	0.16	0.18	0.24	0.28	0.27	0.20	0.15	0.15	0.14	0.17	0.19	0.13	0.17	0.15	0.14	0.14	0.11	0.11	0.107
Asset Turnover	0.12	0.12	0.12	0.11	0.10	0.10	0.10	0.11	0.11	0.11	0.12	0.13	0.13	0.13	0.12	0.12	0.12	0.12	0.12	0.12	0.117
Equity Multiplier	6.79	6.79	6.66	6.66	6.66	6.66	9.87	9.87	9.87	9.87	17.11	17.11	17.11	17.11	15.46	15.46	15.46	15.46	14.96	14.96	14.955

Per Share

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
EPS (Diluted TTM)	$3.49	$3.39	$3.53	$3.49	$5.39	$5.18	$5.45	$3.94	$2.53	$2.48	$2.43	$3.51	$3.96	$2.61	$3.81	$2.96	$2.73	$2.99	$2.28	$2.61	$2.61
Book Value/Share	$40.98	$42.51	$42.07	$38.49	$44.85	$38.49	$15.16	$15.44	$15.29	$15.45	$19.49	$19.99	$20.28	$21.08	$23.54	$24.24	$24.24	$25.34	$27.11	$28.04	$25.93
Tangible Book/Share	$40.98	$42.51	$31.40	$28.72	$33.47	$28.72	$15.16	$15.44	$15.29	$15.45	$0.80	$0.82	$0.83	$0.86	$23.54	$24.24	$24.24	$25.34	$27.06	$27.99	$27.99
Revenue/Share	$31.15	$31.96	$32.97	$28.97	$31.90	$26.91	$30.66	$32.65	$33.79	$34.51	$36.49	$38.73	$39.69	$43.00	$41.88	$41.69	$42.52	$45.05	$46.12	$47.97	$47.97
FCF/Share	$4.85	$5.21	$4.79	$4.14	$4.49	$3.32	$4.25	$4.55	$4.77	$4.95	$5.13	$5.37	$5.17	$5.84	$5.91	$6.50	$6.83	$6.81	$6.94	$7.31	$7.31
OCF/Share	$4.85	$5.21	$4.79	$4.14	$4.49	$3.32	$4.25	$4.55	$4.77	$4.95	$5.13	$5.37	$5.17	$5.84	$5.91	$6.50	$6.83	$6.81	$6.94	$7.31	$7.31
Cash/Share	$175.15	$181.66	$199.21	$182.25	$212.34	$182.25	$175.07	$178.29	$176.59	$178.42	$196.03	$201.01	$203.93	$211.99	$89.04	$91.70	$91.70	$95.85	$91.19	$94.32	$100.05
EBITDA/Share	$7.51	$7.52	$7.86	$7.21	$10.20	$9.56	$10.16	$8.55	$7.00	$7.23	$7.59	$9.20	$9.95	$8.52	$10.03	$9.18	$8.88	$9.48	$7.72	$6.82	$6.82
Debt/Share	$29.37	$30.46	$32.00	$29.28	$34.11	$29.28	$33.29	$33.90	$33.57	$33.92	$36.52	$37.45	$37.99	$39.49	$42.58	$43.85	$43.85	$45.84	$41.64	$43.07	$43.07
Net Debt/Share	$-145.78	$-151.20	$-167.21	$-152.97	$-178.23	$-152.97	$-141.79	$-144.39	$-143.02	$-144.50	$-159.52	$-163.56	$-165.94	$-172.50	$-46.46	$-47.85	$-47.85	$-50.01	$-49.55	$-51.25	$-51.25

Academic Models

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Altman-I Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	2.966
Altman Z-Prime	snapshot only																				0.563
Piotroski F-Score	7	7	8	7	6	5	4	4	5	6	6	7	8	6	8	5	5	7	5	7	7
Beneish M-Score	-2.51	-2.58	-2.89	-2.97	-3.05	-2.97	-0.51	-0.20	-0.31	-0.64	-2.41	-2.64	-2.58	-2.11	-2.71	-2.45	-2.49	-2.66	-2.52	-2.64	-2.645
Ohlson O-Score	snapshot only																				-5.652
ROIC (Greenblatt)	snapshot only																				49.10%
Net-Net WC	snapshot only																				$-375.71

Credit

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Credit Rating	snapshot only																				BB
Credit Score	67.08	61.62	70.87	74.68	77.01	78.11	67.43	61.37	53.28	51.78	54.47	59.96	61.18	54.99	51.06	48.66	47.30	46.86	44.91	43.18	43.176
Credit Grade	snapshot only																				12
Credit Trend	snapshot only																				-5.483
Implied Spread (bps)	snapshot only																				475.000
Industry Credit Rank	snapshot only																				18
Sector Credit Rank	snapshot only																				30

CNO NYSE

Edge Score

Analyst Insights

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

Executive Compensation

C-Suite Compensation

CEO Pay Ratio

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Scaling Efficiency

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