Cno Financial Intrinsic Value Calculator – CNO FINANCIAL Reports Fourth Quarter Earnings for FY2022 on February 7, 2023
February 20, 2023
Earnings Overview
CNO FINANCIAL ($NYSE:CNO) released their earnings report for the fourth quarter of FY2022 (ending December 31, 2022) on February 7, 2023. Total revenue was USD 43.4 million, a decline of 62.5% year-over-year. Net income was USD 973.6 million, a decrease of 9.4% year-on-year.
Transcripts Simplified
CNO FINANCIAL invested in their Medicare product in 2022 to enhance their Medicare Supplement Plan and Medicare Advantage offerings. They also launched Optavise, a unified worksite brand, and returned $245 million to shareholders in the year including $180 million in share buybacks. Their Consumer Division sales grew 3% in the quarter (9% for direct-to-consumer sales) while supplemental health sales were up 26% and Medicare Advantage policies were up 6%.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cno Financial. More…
| Total Revenues | Net Income | Net Margin |
| 3.58k | 396.8 | 11.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cno Financial. More…
| Operations | Investing | Financing |
| 453.8 | -1.53k | 667.6 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cno Financial. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 33.34k | 31.94k | 12.25 |
Key Ratios Snapshot
Some of the financial key ratios for Cno Financial are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -3.8% | – | 18.3% |
| FCF Margin | ROE | ROA |
| 12.7% | 30.3% | 1.2% |
Share Price
Their stock opened at $24.9 and closed at $25.4 on the day, marking an increase of 0.8% from their last closing price of 25.2. This price appreciation reflects the confidence investors have in CNO FINANCIAL‘s ability to deliver strong and consistent earnings despite the economic challenges of the past year. The company has seen steady growth in its annual revenue, with revenues increasing 4% year-over-year in the first quarter of their FY2022. This is due to their successful expansion into new markets, where they have seen higher-than-average demand for their products and services.
These results are encouraging for CNO FINANCIAL, as they show that their strategies are continuing to pay off and result in tangible financial gains. Investors will be eagerly awaiting more news from the company as the year progresses, with the potential for even higher stock prices should the company continue to post positive results in their upcoming quarter. Live Quote…
Analysis – Cno Financial Intrinsic Value Calculator
At GoodWhale, we’ve conducted a comprehensive analysis of CNO FINANCIAL‘s financials to identify its fair value. Our proprietary Valuation Line reveals that the fair value of a CNO FINANCIAL share is $22.6, meaning the current stock price of $25.4 is overvalued by approximately 12.2%. It’s important to note that this figure is subject to change as CNO FINANCIAL’s financials change over time. Investors must factor in current news and information when determining if they want to purchase a CNO FINANCIAL share or not. More…
Peers
Its competitors are National Western Life Group Inc, Wustenrot & Wurttembergische AG, and iA Financial Corp Inc.
– National Western Life Group Inc ($NASDAQ:NWLI)
National Western Life Group Inc is a holding company that operates through its subsidiaries engaged in the life insurance business. Its products include whole life, term life, universal life, and annuities. The company was founded in 1906 and is headquartered in Austin, Texas.
– Wustenrot & Wurttembergische AG ($LTS:0GJN)
Wustenrot & Wurttembergische AG is a German mutual insurance company headquartered in Stuttgart. As of 2022, it had a market capitalization of €1.44 billion and a return on equity of 14.21%. The company provides a range of insurance products, including life, health, property and casualty, and pension products, as well as banking and investment products.
– iA Financial Corp Inc ($TSX:IAG)
AmeriA Financial Corp Inc has a market cap of 7.68B as of 2022. The company has a Return on Equity of 9.41%. AmeriA Financial Corp Inc is a provider of insurance and financial services. The company offers a range of products and services, including life insurance, annuities, and investments.
Summary
Investors should take note of CNO FINANCIAL‘s fourth quarter FY2022 earnings report, which revealed a 62.5% drop in total revenue compared to the same period the previous year. Net income also decreased 9.4%. Given these results, investors may want to reconsider their position in the company.
Risk factors to consider include decreased demand for insurance products, lower profits from investments, and increased competition. Analysts will also want to monitor CNO FINANCIAL’s cost-cutting efforts, capital allocations, and strategic decisions in order to better evaluate their prospects in the market.
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