CNO Financial Group Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	37.7	-	-	-	-	-
Depreciation & Amortization	83.4	-	-	-	-	-
Stock-Based Compensation	9.3	-	-	-	-	-
Other Adjustments	40.1	-	-	-	-	-
Changes in Deferred Acquisition Costs	-613.4	-499.3	-445.7	-377.9	-336	-304.2
Changes in Claims Reserves	106.9	-	-	-	-	-
Changes in Income Taxes Payable	-5.2	-	-	-	-	-
Changes in Other Operating Activities	1,187	1,175	1,073	960.8	831.4	902.5
Operating Cash Flow	687.8	675.7	627.7	582.9	495.4	598.3
Operating Cash Flow Growth	2.69%	7.65%	7.69%	17.66%	-17.20%	-18.65%
Purchases of Investments	-11,654	-8,460	-6,891	-3,621	-6,524	-6,155
Proceeds from Sale of Investments	10,345	6,795	5,415	2,786	4,804	4,704
Other Investing Activities	-4.4	-3.2	-13.5	-36.6	-61.2	-75.3
Investing Cash Flow	-1,313	-1,667	-1,489	-872.3	-1,781	-1,526
Short-Term Debt Issued	992.3	776.8	888.2	995.5	285	795.8
Short-Term Debt Repaid	-590.3	-746.4	-1,209	-730.6	-405.7	-727.8
Net Short-Term Debt Issued (Repaid)	402	30.4	-321	264.9	-120.7	68
Long-Term Debt Issued	-	-	691	80.3	-	-
Long-Term Debt Repaid	-250	-500	-	-	-	-
Net Long-Term Debt Issued (Repaid)	-250	-500	691	80.3	-	-
Issuance of Common Stock	10.7	11.6	11.2	13.2	13.5	21.5
Repurchase of Common Stock	-294.4	-331.4	-300.2	-166.1	-190.1	-407.8
Net Common Stock Issued (Repurchased)	-283.7	-319.8	-289	-152.9	-176.6	-386.3
Common Dividends Paid	-66.4	-66.2	-67.7	-68.1	-64.8	-65.7
Other Financing Activities	1,203	833	1,956	409.3	1,561	1,052
Financing Cash Flow	754.9	-22.6	1,970	533.5	1,199	667.6
Net Cash Flow	129.5	-1,014	1,109	244.1	-86.8	-260.2
Free Cash Flow	687.8	675.7	627.7	582.9	495.4	598.3
Free Cash Flow Growth	1.79%	7.65%	7.69%	17.66%	-17.20%	-18.65%
FCF Margin	15.24%	15.06%	14.11%	14.06%	13.85%	14.51%
Free Cash Flow Per Share	7.01	6.77	5.81	5.06	4.21	4.56
Levered Free Cash Flow	1,049	435.4	1,419	1,205	1,005	1,237
Unlevered Free Cash Flow	4,077	4,632	3,539	3,311	2,553	3,298

Updated May 7, 2026. Data Source: Fiscal.ai. Insurance template. Financial Sources.

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