CNO Financial Group Management
Management criteria checks 3/4
CNO Financial Group's CEO is Gary Bhojwani, appointed in Jan 2018, has a tenure of 8.33 years. total yearly compensation is $11.24M, comprised of 9.5% salary and 90.5% bonuses, including company stock and options. directly owns 0.74% of the company’s shares, worth $32.73M. The average tenure of the management team and the board of directors is 8.3 years and 5 years respectively.
Key information
Gary Bhojwani
Chief executive officer
US$11.2m
Total compensation
| CEO salary percentage | 9.47% |
| CEO tenure | 8.3yrs |
| CEO ownership | 0.7% |
| Management average tenure | 8.3yrs |
| Board average tenure | 5yrs |
Recent management updates
Recent updates
Narrative Update • May 09
CNO: Steady Buybacks And Dividend Increases Will Support A Balanced Outlook
Analysts have raised their price target for CNO Financial Group from $46.00 to $47.50, citing updated assumptions around discount rate, revenue growth, profit margin, and future P/E that slightly adjust their view of the stock's valuation profile. What's in the News CNO Financial Group's Board of Directors approved a $0.01 per share increase in the quarterly dividend, bringing it to $0.18 per share on common stock.Narrative Update • Apr 22
CNO: Share Repurchases And Slightly Softer Margins Will Shape A Balanced Outlook
Analysts have nudged their price target on CNO Financial Group slightly lower to $46 from $47, citing modestly softer assumptions around profit margin and future P/E, which are only partly offset by a small adjustment in the discount rate. What's in the News CNO Financial Group repurchased 1,471,754 shares from October 1, 2025 to December 31, 2025, representing 1.54% of its shares, for a total of $59.99 million (Key Developments).Narrative Update • Apr 06
CNO: Ongoing Share Repurchases Will Support An Undervalued 2025 Outlook
Analysts have adjusted their price target on CNO Financial Group slightly lower to $47. This reflects updated assumptions around fair value, discount rate and future P/E that are now a touch more conservative than before.Narrative Update • Mar 20
CNO: Ongoing Share Repurchases Will Support An Undervalued 2025 Outlook
Analysts kept their $48.00 price target for CNO Financial Group unchanged, citing consistent assumptions regarding the discount rate, revenue growth, profit margin, and forward P/E as the basis for maintaining their view. What's in the News From October 1, 2025 to December 31, 2025, CNO Financial Group repurchased 1,471,754 shares, representing 1.54% of its shares, for US$59.99 million under its ongoing buyback program (Key Developments).Narrative Update • Mar 04
CNO: Ongoing Share Repurchases Will Support An Undervalued 2025 Outlook
Analysts have nudged their price target for CNO Financial Group to $48.00, reflecting updated views on discount rates, revenue growth assumptions, profit margins, and future P/E expectations. What's in the News From October 1, 2025 to December 31, 2025, CNO Financial Group repurchased 1,500,000 shares for US$60 million, representing 1.57% of the company.Narrative Update • Feb 17
CNO: Share Repurchases And Steady Margins Will Support An Undervalued 2025 Outlook
Analysts have raised their price target on CNO Financial Group from $47.25 to $48.00, citing updated assumptions around discount rates, revenue trends, profit margins, and future P/E levels. What's in the News CNO Financial Group reported that from October 1, 2025 to December 31, 2025, it repurchased 1,500,000 shares, representing 1.57% of its shares, for US$60 million under its existing buyback program (Key Developments).Narrative Update • Feb 03
CNO: Stable Profitability And Fair Pricing Will Support A Balanced 2025 Outlook
Analysts have maintained their fair value estimate for CNO Financial Group at US$47.25, with only minor technical adjustments to assumptions such as the discount rate and future P/E informing the unchanged price target. Valuation Changes Fair Value Estimate remains unchanged at US$47.25, reflecting a consistent view of intrinsic value based on current assumptions.Narrative Update • Jan 20
CNO: Earnings Guidance And Share Repurchases Will Support A Stronger 2025 Outlook
Analysts have lifted their price target on CNO Financial Group from US$46.00 to US$47.25, citing updated assumptions around fair value, discount rate, revenue trends, profit margin and future P/E as the drivers of this refinement. What's in the News CNO Financial Group updated its earnings guidance for fiscal 2025, narrowing its operating earnings per share range to US$3.75 to US$3.85 while keeping the midpoint unchanged (Company guidance).Narrative Update • Jan 06
CNO: Earnings Guidance And Share Repurchases Will Guide Balanced 2025 Outlook
Analysts have raised their price target on CNO Financial Group from $43.75 to $46.00, citing updated assumptions regarding discount rates, revenue trends, profit margins, and future P/E expectations. What's in the News CNO Financial Group updated earnings guidance for fiscal 2025, narrowing its operating earnings per share range to $3.75 to $3.85 while keeping the midpoint unchanged (Corporate Guidance).Narrative Update • Dec 14
CNO: Earnings Guidance And Ongoing Buybacks Will Shape 2025 Performance
Analysts have slightly lowered their price target on CNO Financial Group to approximately 43.75 dollars from about 44.40 dollars. This reflects modestly higher discount rate assumptions, slightly softer long term growth expectations, and a marginally reduced future earnings multiple that still supports a solid profitability outlook.Narrative Update • Nov 27
CNO: Earnings Guidance And Continued Buybacks Will Influence 2025 Market Outlook
Analysts have raised the fair value estimate for CNO Financial Group from $43.40 to $44.40 per share, citing minor adjustments to their financial projections and underlying assumptions. What's in the News CNO Financial Group updated its earnings guidance for fiscal year 2025, narrowing the operating earnings per share range to $3.75 to $3.85.Narrative Update • Nov 11
CNO: Earnings Guidance And Buybacks Will Shape 2025 Performance Outlook
Analysts have raised their price target for CNO Financial Group by $1.00 to $43.40, citing incremental improvements in the discount rate, projected revenue decline, and profit margin estimates. What's in the News CNO Financial Group updated its earnings guidance for fiscal year 2025, narrowing its operating earnings per share range to $3.75 to $3.85 and maintaining the same midpoint (Key Developments).Analysis Article • Sep 24
Take Care Before Diving Into The Deep End On CNO Financial Group, Inc. (NYSE:CNO)
When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") above 20x, you may...Analysis Article • May 08
CNO Financial Group (NYSE:CNO) Is Increasing Its Dividend To $0.17
CNO Financial Group, Inc.'s ( NYSE:CNO ) periodic dividend will be increasing on the 24th of June to $0.17, with...Seeking Alpha • Apr 08
CNO Financial Group: I Am Cautious Of The Immediate Future
Summary CNO Financial Group, Inc. had a strong 2024, but economic uncertainties and a potential recession in 2025 warrant a cautious outlook for the company's future performance. Despite a slight revenue decline in Q4 '24, profitability improved due to tighter claims management and better underwriting margins, with ROE reaching 17%. CNO management is optimistic for 2025, projecting $3.70-$3.90 in operating earnings and a 10.50% operating ROE, but recession risks could impact these targets. Tariffs and a potential recession could lead to reduced insurance premiums and investment losses, necessitating flexibility in customer retention and cost management. Read the full article on Seeking AlphaAnalysis Article • Feb 19
Investors Don't See Light At End Of CNO Financial Group, Inc.'s (NYSE:CNO) Tunnel
With a price-to-earnings (or "P/E") ratio of 10.5x CNO Financial Group, Inc. ( NYSE:CNO ) may be sending bullish...Analysis Article • Oct 23
CNO Financial Group, Inc.'s (NYSE:CNO) Shares Lagging The Market But So Is The Business
With a price-to-earnings (or "P/E") ratio of 8.6x CNO Financial Group, Inc. ( NYSE:CNO ) may be sending very bullish...
New Narrative • Sep 03
Worksite Expansion And High Competition Threaten Future Profit Margins And Sales Growth
Expansion and diversification efforts might not yield expected revenue growth, impacting profit margins due to increased operational costs and investments.Analysis Article • Aug 01
Results: CNO Financial Group, Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates
As you might know, CNO Financial Group, Inc. ( NYSE:CNO ) just kicked off its latest quarterly results with some very...Analysis Article • Jul 12
Little Excitement Around CNO Financial Group, Inc.'s (NYSE:CNO) Earnings
CNO Financial Group, Inc.'s ( NYSE:CNO ) price-to-earnings (or "P/E") ratio of 8x might make it look like a strong buy...Analysis Article • May 09
CNO Financial Group's (NYSE:CNO) Dividend Will Be Increased To $0.16
CNO Financial Group, Inc. ( NYSE:CNO ) has announced that it will be increasing its periodic dividend on the 24th of...Analysis Article • May 03
Most Shareholders Will Probably Agree With CNO Financial Group, Inc.'s (NYSE:CNO) CEO Compensation
Key Insights CNO Financial Group's Annual General Meeting to take place on 9th of May Total pay for CEO Gary Bhojwani...CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2026 | n/a | n/a | US$246m |
| Dec 31 2025 | US$11m | US$1m | US$229m |
| Sep 30 2025 | n/a | n/a | US$303m |
| Jun 30 2025 | n/a | n/a | US$289m |
| Mar 31 2025 | n/a | n/a | US$330m |
| Dec 31 2024 | US$10m | US$1m | US$421m |
| Sep 30 2024 | n/a | n/a | US$274m |
| Jun 30 2024 | n/a | n/a | US$432m |
| Mar 31 2024 | n/a | n/a | US$390m |
| Dec 31 2023 | US$10m | US$1m | US$277m |
| Sep 30 2023 | n/a | n/a | US$278m |
| Jun 30 2023 | n/a | n/a | US$287m |
| Mar 31 2023 | n/a | n/a | US$446m |
| Dec 31 2022 | US$9m | US$1m | US$631m |
| Sep 30 2022 | n/a | n/a | US$708m |
| Jun 30 2022 | n/a | n/a | US$632m |
| Mar 31 2022 | n/a | n/a | US$477m |
| Dec 31 2021 | US$9m | US$1m | US$570m |
| Sep 30 2021 | n/a | n/a | US$437m |
| Jun 30 2021 | n/a | n/a | US$466m |
| Mar 31 2021 | n/a | n/a | US$470m |
| Dec 31 2020 | US$8m | US$1m | US$302m |
| Sep 30 2020 | n/a | n/a | US$468m |
| Jun 30 2020 | n/a | n/a | US$381m |
| Mar 31 2020 | n/a | n/a | US$336m |
| Dec 31 2019 | US$7m | US$1m | US$409m |
Compensation vs Market: Gary's total compensation ($USD11.24M) is above average for companies of similar size in the US market ($USD7.02M).
Compensation vs Earnings: Gary's compensation has been consistent with company performance over the past year.
CEO
Gary Bhojwani (57 yo)
8.3yrs
Tenure
US$11,243,261
Compensation
Mr. Gary Chandru Bhojwani has been Chief Executive officer at CNO Financial Group since January 1, 2018. He was the President of CNO Financial Group, Inc. from April 18, 2016 to December 2017. Mr. Bhojwani...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 8.3yrs | US$11.24m | 0.74% $ 32.7m | |
| CFO & Executive VP | 7.2yrs | US$4.13m | 0.20% $ 8.6m | |
| Chief Investment Officer | 22.7yrs | US$2.90m | 0.71% $ 31.3m | |
| Executive VP & General Counsel | 17.9yrs | US$2.74m | 0.29% $ 12.8m | |
| President of Consumer Division | 12.7yrs | US$3.48m | 0.18% $ 8.1m | |
| Chief Operations Officer | 3.3yrs | no data | 0.038% $ 1.7m | |
| Senior VP & Chief Accounting Officer | 1.3yrs | no data | 0.00081% $ 35.8k | |
| Chief Information Officer | 7.5yrs | no data | 0.024% $ 1.1m | |
| Vice President of Finance & Administration | 9.3yrs | no data | no data | |
| Vice President of Investor Relations & Sustainability | no data | no data | no data | |
| Chief Compliance Officer and Vice President | 12yrs | no data | no data | |
| Vice President of Communications | 8.3yrs | no data | no data |
8.3yrs
Average Tenure
58yo
Average Age
Experienced Management: CNO's management team is seasoned and experienced (8.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 9yrs | US$11.24m | 0.74% $ 32.7m | |
| Independent Director | 3yrs | US$289.50k | 0.022% $ 961.9k | |
| Independent Chairman of the Board | 11yrs | US$459.51k | 0.026% $ 1.2m | |
| Independent Director | 5.5yrs | US$304.50k | 0.061% $ 2.7m | |
| Independent Director | less than a year | no data | 0.0052% $ 227.8k | |
| Independent Director | 6.5yrs | US$299.50k | 0.056% $ 2.5m | |
| Independent Director | 5yrs | US$324.50k | 0.036% $ 1.6m | |
| Independent Director | 1.6yrs | US$294.50k | 0.011% $ 500.6k | |
| Independent Director | 3yrs | US$294.50k | 0.022% $ 961.9k |
5.0yrs
Average Tenure
63yo
Average Age
Experienced Board: CNO's board of directors are considered experienced (5 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/26 05:21 |
| End of Day Share Price | 2026/05/26 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
CNO Financial Group, Inc. is covered by 16 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jack Matten | BMO Capital Markets Equity Research |
| Randy Binner | B. Riley Securities, Inc. |
| Mark Palmer | BTIG |