CNO Financial Group, Inc.

CNO Financial Group, Inc. (CNO) is a holding company for insurance companies that develop, market, and administer health insurance, annuity, individual life insurance, and other insurance and financial services products. CNO focuses on serving middle-income pre-retiree and retired Americans. The company sells its products through exclusive agents, independent producers (some of whom sell one or more product lines exclusively), and direct marketing. As of December 31, 2025, CNO had total assets of $38.8 billion and shareholders' equity of $2.6 billion, which included an accumulated other comprehensive loss of $1.1 billion. For the year ended December 31, 2025, CNO had revenues of $4.5 billion and net income of $229.3 million. CNO views its operations through three insurance product lines: annuity, health, and life, along with investment and fee income segments. These segments are aligned based on common characteristics, comparability of profit margins, and how the Chief Executive Officer makes operating decisions and assesses performance. CNO markets its products through the Consumer and Worksite Divisions, which reflect the customers served. The Consumer and Worksite Divisions primarily focus on marketing insurance products, with several types sold in both divisions and underwritten similarly. The Consumer Division serves individual consumers through phone, virtual, online, face-to-face agent interactions, or a combination of sales channels. This structure unifies consumer capabilities into a single division, integrating agent sales forces with a direct-to-consumer insurance business experienced in advertising, web/digital, and call center support.