**CNO Financial Group Reports 2025 Financial Results**
CNO Financial Group, Inc., a holding company for a group of insurance companies, reported total assets of $38.8 billion and shareholders' equity of $2.6 billion as of December 31, 2025, which included an accumulated other comprehensive loss of $1.1 billion. The company's revenues for the year ended December 31, 2025, were $4.5 billion, with a net income of $229.3 million. Premium collections totaled $4.6 billion in 2025, compared to $4.4 billion in 2024 and $4.1 billion in 2023. The company markets its products through the Consumer and Worksite Divisions, focusing on health insurance, annuity, individual life insurance, and other financial services products.
The company's insurance product margin for annuities was $238.6 million, health was $556.6 million, and life was $272.4 million, resulting in a total insurance product margin of $1,067.6 million for 2025. This compares to $1,040.0 million in 2024 and $959.0 million in 2023. The company's net operating income was $439.2 million, or $4.40 per diluted share, compared to $429.3 million, or $3.97 per diluted share, in the prior year. The company experienced a net non-operating loss of $209.9 million, or $2.10 per diluted share, primarily due to net realized investment losses, changes in fair value of embedded derivative liabilities, and goodwill and other asset impairment.
Strategic developments included an announcement in November 2025 to exit the fee services business within the Worksite Division, expected to be substantially completed in the first half of 2026. This decision aims to sharpen the company's focus on its core insurance business. The company also launched a death benefit rider on its guaranteed lifetime income products during 2025. The company's investment strategies are managed by 40|86 Advisors, Inc., focusing on stable investment income, maximizing spreads, and maintaining adequate liquidity.
Key operational developments included the company's distribution network, which consists of approximately 4,600 exclusive producing agents and financial representatives in the Consumer Division and approximately 400 exclusive producing agents in the Worksite Division as of December 31, 2025. The company's premium collections by segment included $1,943.3 million from annuities, $1,663.5 million from health, and $984.5 million from life products in 2025. The company's financial strength ratings from Fitch, S&P, Moody's, and AM Best were "A", "A-", "A3", and "A", respectively, as of the end of the fiscal year.
About CNO Financial Group, Inc.
CNO Financial Group, Inc. is a holding company specializing in insurance products for middle-income pre-retirees and retirees. Its core offerings include health, life, and annuity insurance, marketed through agents and direct channels. The company operates under brands like Bankers Life, Washington National, and Colonial Penn, focusing on customer service, product development, and strategic risk management within a highly regulated industry.
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