CNO Financial Group - M&A Summary and Business Overview

InsuranceCompany

CNO Financial Group M&A Summary

CNO Financial Group has acquired 7 companies, including 2 in the last 5 years. A total of 1 acquisition came from private equity firms.

CNO Financial Group’s largest acquisition to date was in 1998, when it acquired Green Tree Financial for $6.4B. CNO Financial Group has acquired in 6 different US states. The Company’s most targeted sectors include business services (29%) and marketing (29%).

CNO Financial Group Business Overview

Where is CNO Financial Group headquartered?

CNO Financial Group is headquartered in Carmel, Indiana.

What is CNO Financial Group’s revenue?

CNO Financial Group disclosed revenue of 4,147M USD for 2023 and 3,577M USD for 2022.

How many employees does CNO Financial Group have?

CNO Financial Group has 3,500 employees.

What sector is CNO Financial Group in?

CNO Financial Group is an insurance company.

When was CNO Financial Group founded?

CNO Financial Group was founded in 1979.

M&A Summary

  • M&A Total Activity7
    • M&A Buy Activity7
  • Total Sectors Invested 5
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 1
  • M&A Advisors 2

CNO Financial Group

CNO Financial Group, Inc.

11825 North Pennsylvania Street,
Carmel, Indiana 46032
United States,
(317) 817-6100
www.cnoinc.com

CNO Financial Group develops, markets, and administers health insurance, annuity, individual life insurance, and other insurance products for senior and middle-income markets. CNO Financial was incorporated in 1979 and is based in Carmel, Indiana.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 6 - 1 - - - 7
vol $6.4B $6.4B
Sell (0.0/yr) # - - - - - - 0
  7

Most Recent M&A

Company Date Value Type
DirectPath 2021-02-09 - Add-on Acquisition
Birmingham, Massachusetts · www.directpathhealth.com
Web Benefits Design Corp. 2019-04-29 - Add-on Acquisition
Orlando, Florida · www.wbdcorp.com
Consolidated Marketing Group 1999-06-03 - Add-on Acquisition
New Port Richey, Florida
Inter-State Service, Inc. 1999-06-03 - Add-on Acquisition
Overland Park, Kansas
TLC National Marketing Co. 1999-06-03 - Add-on Acquisition
Dallas, Texas
Green Tree Financial Corp. 1998-04-08 6.4B USD Add-on Acquisition
, United States
Life Partners Group, Inc. 1996-08-01 - Merger
Englewood, Colorado · www.lphi.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Green Tree Financial Corp. 1998-04-08 Green Tree Financial Servicing Corp. - Franchise & Aircraft Business 1999-08-30 1
, United States , United States

M&A by Sector

Sector Buy # Value Sell # Value
Business Services 2 (29%) - - -
Marketing 2 (29%) - - -
Financial Services 1 (14%) 6.4B (100%) - -
Information Technology 1 (14%) - - -
Insurance 1 (14%) - - -
Total 7 $6.4B - -

By Geo

State/Country Buy Value Sell Value
United States 7 6.4B - -
  Florida 2 - - -
  Texas 1 - - -
  Massachusetts 1 - - -
  Kansas 1 - - -
  Colorado 1 - - -
Total 7 $6.4B - -

Top M&A Advisors

Financial Deals
Deutsche Bank Corporate & Investment Banking
 1
RBC Capital Markets
 1

Deal Values

buy # Total
> $1B 1 $6.4B
TOTAL $6.4B
Largest Green Tree Financial Corp.
$6.4B (1998-04-08)

M&A Connections

Deals
Acquired from
Investor(s)
14%
1 (14%)

Company Summary

SECTOR

Insurance

Revenue

4,147   16% 2023
3,577   14% 2022
4,122   8% 2021
3,821   5% 2020
4,016   7% 2019
4,314   1% 2018
4,297   8% 2017
3,985   5% 2016
3,812   9% 2015
4,145   8% 2014
4,476   4% 2013
4,342   2012
(millions of USD) Show More Show Less

Employees

3,500

Established

1979

Public

NYSE: CNO

Former Name

Conseco, Inc.

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