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Jun 30
CNO Financial Group Q2 2025 Earnings Report
CNO Financial Group delivered strong Q2 2025 results with continued sales momentum and solid profitability across insurance and investment income.
Key Takeaways
CNO Financial reported $91.8 million in net income and $87.5 million in net operating income for Q2 2025. The company experienced double-digit growth in new annualized premiums and maintained strong return on equity, while returning $116.7 million to shareholders.
Net income was $91.8 million, or $0.91 per diluted share:contentReference[oaicite:0]{index=0}.
Net operating income was $87.5 million, or $0.87 per share:contentReference[oaicite:1]{index=1}.
Total revenue reached $1.15 billion, up from $1.07 billion in Q2 2024:contentReference[oaicite:2]{index=2}.
CNO returned $116.7 million to shareholders during the quarter:contentReference[oaicite:3]{index=3}.
CNO Financial Group
CNO Financial Group
CNO Financial Group Revenue by Segment
Revenue by Segment
Insurance Policy Income Revenue
CapyFin.comNet Investment Income Revenue
CapyFin.comFee and Other Income Revenue
CapyFin.com Forward Guidance
CNO reaffirmed its strategic focus and return targets for 2025–2027, citing strong capital discipline and consistent operating performance.
Positive Outlook
- Total new annualized premiums increased 17%.
- Client assets in brokerage and advisory accounts rose 27%.
- Book value per share (ex-OCI) rose 6% year-over-year.
- Strong capital enabled $116.7 million in shareholder returns.
- Sustained underwriting and investment margins supported earnings.
Challenges Ahead
- Q2 2024 set a high earnings comparison baseline.
- Market volatility impacts non-economic accounting elements.
- Net realized investment losses reached $21.8 million.
- Interest expense remained elevated at $59.1 million.
- Unrestricted holding company cash declined to $187.1 million.