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CNO Financial Group vs Manulife Financial

Manulife Financial is the larger business, with $5.82bn of revenue in fiscal 2025 against $4.49bn for CNO Financial Group (1.3 times as much). Manulife Financial grew faster (5.0% against 0.9%). Manulife Financial kept more of each dollar of sales as profit: a net margin of 68.5% against 5.1%. Manulife Financial carries less debt relative to equity (15.3% against 51.2%).

Latest fiscal yearCNO Financial GroupCNO, 2025Manulife FinancialMFC, 2025
Revenue $4.49bn $5.82bn
Revenue growth 0.9% 5.0%
Net income $229m $3.99bn
Operating margin 12.3% —
Net margin 5.1% 68.5%
Return on equity 8.9% 11.1%
Free cash flow — —
Cash $984m $19.47bn
Total debt $1.35bn $5.60bn
Debt to equity 51.2% 15.3%
Dividend per share $0.67 —
Dividend yield 1.2% —
Share buybacks $331m $1.74bn
Employees 3,300 —
Market value $5.36bn $76.65bn
Price vs our value range — —
Moat score 56 (Moderate) —
Insider trades, 12 months 0 buys, 34 sales 0 buys, 0 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.