CNO Historical Income Statement
| CNO Stock | USD 39.38 0.55 1.42% |
Historical analysis of CNO Financial income statement accounts such as Total Revenue of 3.5 B, Gross Profit of 3.4 B or Other Operating Expenses of 995.9 M can show how well CNO Financial Group performed in making a profits. Evaluating CNO Financial income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of CNO Financial's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining CNO Financial Group latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether CNO Financial Group is a good buy for the upcoming year.
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About CNO Income Statement Analysis
CNO Financial Group Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to CNO Financial shareholders. The income statement also shows CNO investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
CNO Financial Income Statement Chart
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Total Revenue
Total revenue comprises all receipts CNO Financial Group generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of CNO Financial Group minus its cost of goods sold. It is profit before CNO Financial operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of CNO Financial Group. It is also known as CNO Financial overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Cost Of Revenue
Cost of Revenue is found on CNO Financial Group income statement and represents the costs associated with goods and services CNO Financial provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of CNO Financial Group whose combined shares represent less than 50% of the total outstanding shares issued by CNO Financial have a minority interest in CNO Financial.Net Income Applicable To Common Shares
The net income that remains after preferred dividends have been deducted, available to common shareholders.Most accounts from CNO Financial's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into CNO Financial Group current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CNO Financial Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, CNO Financial's Total Other Income Expense Net is very stable compared to the past year. As of the 21st of November 2024, Net Income is likely to grow to about 290.3 M, while Total Revenue is likely to drop about 3.5 B.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 4.1B | 3.6B | 3.1B | 3.4B | Total Revenue | 4.1B | 3.6B | 4.1B | 3.5B |
CNO Financial income statement Correlations
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CNO Financial Account Relationship Matchups
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High Negative Relationship
CNO Financial income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 152.3M | 108.8M | 95.4M | 137M | 238.6M | 250.5M | |
| Total Revenue | 4.0B | 3.8B | 4.1B | 3.6B | 4.1B | 3.5B | |
| Gross Profit | 4.0B | 3.8B | 4.1B | 3.6B | 3.1B | 3.4B | |
| Other Operating Expenses | 3.7B | 3.5B | 3.6B | 3.1B | 1.0B | 995.9M | |
| Operating Income | 274.2M | 344.3M | 567.7M | 690M | 356.8M | 374.6M | |
| Ebit | 506.1M | 453.1M | 529.3M | 953.5M | 356.8M | 374.6M | |
| Ebitda | 506.3M | 757M | 848.8M | 1.2B | 356.8M | 394.8M | |
| Cost Of Revenue | 2.6B | 2.3B | 2.4B | 1.0B | 943.5M | 896.3M | |
| Total Operating Expenses | (3.7B) | (3.5B) | (3.6B) | (2.9B) | 3.9B | 4.1B | |
| Income Before Tax | 274.2M | 344.3M | 567.7M | 517.3M | 356.8M | 233.6M | |
| Total Other Income Expense Net | 274.2M | (108.8M) | (7.1B) | (137M) | 356.8M | 374.6M | |
| Net Income | 409.4M | 301.8M | 441M | 396.8M | 276.5M | 290.3M | |
| Income Tax Expense | (135.2M) | 42.5M | 126.7M | 120.5M | 80.3M | 71.6M | |
| Depreciation And Amortization | 171.9K | 303.9M | 319.5M | 248.5M | 267.4M | 252.5M | |
| Selling General Administrative | 238.2M | 252.6M | 267.9M | 287.9M | 290.9M | 219.0M | |
| Net Income Applicable To Common Shares | 409.4M | 301.8M | 441M | 396.8M | 357.1M | 283.1M | |
| Net Income From Continuing Ops | 409.4M | 301.8M | 441M | 396.8M | 44.4M | 42.2M | |
| Tax Provision | (135.2M) | 42.5M | 126.7M | 120.5M | 15.6M | 14.8M | |
| Interest Income | 152.3M | 108.8M | 95.4M | 137M | 157.6M | 134.5M | |
| Net Interest Income | (152.3M) | (108.8M) | (95.4M) | (137M) | (222.7M) | (211.6M) | |
| Reconciled Depreciation | 267.9M | 303.9M | 281.1M | 309.6M | 359.1M | 326.7M |
Pair Trading with CNO Financial
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if CNO Financial position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CNO Financial will appreciate offsetting losses from the drop in the long position's value.Moving together with CNO Stock
Moving against CNO Stock
| 0.69 | ABL | Abacus Life | PairCorr |
| 0.5 | FLFG | Federal Life Group | PairCorr |
| 0.47 | KCLI | Kansas City Life | PairCorr |
| 0.37 | CNO-PA | CNO Financial Group | PairCorr |
| 0.36 | MET-PE | MetLife Preferred Stock | PairCorr |
The ability to find closely correlated positions to CNO Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CNO Financial when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CNO Financial - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling CNO Financial Group to buy it.
The correlation of CNO Financial is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CNO Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CNO Financial Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for CNO Financial can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CNO Financial Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Is Life & Health Insurance space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CNO Financial. If investors know CNO will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CNO Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.94) | Dividend Share 0.62 | Earnings Share 2.49 | Revenue Per Share 41.744 | Quarterly Revenue Growth 0.192 |
The market value of CNO Financial Group is measured differently than its book value, which is the value of CNO that is recorded on the company's balance sheet. Investors also form their own opinion of CNO Financial's value that differs from its market value or its book value, called intrinsic value, which is CNO Financial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CNO Financial's market value can be influenced by many factors that don't directly affect CNO Financial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CNO Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if CNO Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CNO Financial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.