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CNO Financial Group, Inc. (CNO)
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| Income Statement |
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Annual | Quarterly | TTM |
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| In millions, except per share items | Jun-30-23 | Mar-31-23 | Dec-31-22 | Sep-30-22 | Jun-30-22 | Mar-31-22 | Dec-31-21 | Sep-30-21 |
| | 10-Q | 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K | 10-Q |
| Total revenues | 1,022.8 | 1,006.0 | 973.6 | 905.3 | 855.0 | 842.9 | 1,074.8 | 968.3 |
| Revenue growth | 19.6% | 19.3% | -9.4% | -6.5% | -20.3% | -16.2% | -0.1% | -4.5% |
| Loss and loss adjustment expenses | 565.9 | 609.7 | 559.2 | 412.2 | 302.2 | 333.9 | 549.4 | 524.8 |
| Policy acquisition costs | | 46.6 | | | | 43.0 | | |
| Other operating expenses | 303.2 | 296.0 | 311.2 | 318.3 | 225.2 | 201.9 | 353.7 | 291.8 |
| Equity in earnings | | | | | | | | |
| EBITDA | 219.9 | 119.4 | 140.7 | 270.9 | 389.0 | 325.2 | 269.2 | 218.8 |
| EBITDA margin | 21.5% | 11.9% | 14.5% | 29.9% | 45.5% | 38.6% | 25.0% | 22.6% |
| Depreciation | 66.2 | 65.7 | 39.7 | 96.1 | 61.4 | 61.1 | 92.2 | 67.1 |
| EBIT | 153.7 | 53.7 | 101.0 | 174.8 | 327.6 | 264.1 | 177.0 | 151.7 |
| EBIT margin | 15.0% | 5.3% | 10.4% | 19.3% | 38.3% | 31.3% | 16.5% | 15.7% |
| Interest income, net [+] | 2.0 | -34.7 | -56.2 | -76.7 | -125.8 | -103.2 | 148.8 | -17.0 |
| Interest expense | 57.6 | 54.7 | 47.8 | 37.6 | 27.8 | 23.8 | 23.6 | 23.7 |
| Interest income | 59.6 | 20.0 | -8.4 | -39.1 | -98.0 | -79.4 | 172.4 | 6.7 |
| Other income (expense), net | | | 2.2 | | | | -5.3 | |
| Pre-tax income | 96.1 | -1.0 | 55.4 | 137.2 | 299.8 | 240.3 | 148.1 | 128.0 |
| Income taxes | 22.4 | -0.2 | 12.0 | 32.2 | 66.5 | 56.9 | 32.3 | 28.2 |
| Tax rate | 23.3% | 20.0% | 21.7% | 23.5% | 22.2% | 23.7% | 21.8% | 22.0% |
| Net income | 73.7 | -0.8 | 43.4 | 105.0 | 233.3 | 183.4 | 115.8 | 99.8 |
| Net margin | 7.2% | -0.1% | 4.5% | 11.6% | 27.3% | 21.8% | 10.8% | 10.3% |
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| Basic EPS | $0.64 | ($0.01) | $0.38 | $0.92 | $2.02 | $1.55 | $0.90 | $0.79 |
| Diluted EPS | $0.21 | ($0.01) | $0.12 | $0.30 | $0.67 | $0.51 | $0.30 | $0.26 |
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| Shares outstanding (basic) | 114.3 | 114.5 | 115.7 | 114.4 | 115.5 | 118.6 | 128.4 | 126.4 |
| Shares outstanding (diluted) | 345.6 | 114.5 | 351.2 | 346.2 | 350.1 | 360.6 | 390.7 | 384.5 |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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