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CNO Financial Group, Inc.（CNO）与Unum Group（UNM）财务数据对比。点击上方公司名可切换其他公司
Unum Group的季度营收约是CNO Financial Group, Inc.的2.8倍（$3.2B vs $1.1B）。CNO Financial Group, Inc.净利率更高（8.8% vs 5.4%，领先3.4%）。CNO Financial Group, Inc.同比增速更快（4.2% vs 0.2%）。过去两年Unum Group的营收复合增速更高（0.7% vs -0.6%）
CNO金融集团是总部位于美国印第安纳州卡梅尔的金融服务控股公司，前身为康塞科公司。集团旗下保险子公司为美国超400万客户提供人寿保险、年金和补充健康保险产品，通过独立代理人、专属代理人，以及电视广告、直邮等直销触达用户。
Unum Group是美国财富500强保险企业，总部位于田纳西州查塔努加，前身为1848年成立的联合相互保险公司，1999年合并后曾用名UnumProvident至2007年。集团现设四大业务板块，覆盖美、英、波兰市场，旗下承保主体包括保罗里维尔人寿保险、普罗维登斯人伤意外险公司等。
CNO vs UNM — 直观对比
营收规模更大
UNM
是对方的2.8倍
$1.1B
营收增速更快
CNO
高出4.0%
0.2%
净利率更高
CNO
高出3.4%
5.4%
两年增速更快
UNM
近两年复合增速
-0.6%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $3.2B |
| 净利润 | $100.7M | $174.1M |
| 毛利率 | — | — |
| 营业利润率 | 15.2% | 6.7% |
| 净利率 | 8.8% | 5.4% |
| 营收同比 | 4.2% | 0.2% |
| 净利润同比 | -39.4% | -50.1% |
| 每股收益（稀释后） | $1.02 | $1.06 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CNOUNM
| Q4 25 | $1.1B | $3.2B | ||
| Q3 25 | $1.2B | $3.4B | ||
| Q2 25 | $1.2B | $3.4B | ||
| Q1 25 | $1.0B | $3.1B | ||
| Q4 24 | $1.1B | $3.2B | ||
| Q3 24 | $1.1B | $3.2B | ||
| Q2 24 | $1.1B | $3.2B | ||
| Q1 24 | $1.2B | $3.2B |
净利润CNOUNM
| Q4 25 | $100.7M | $174.1M | ||
| Q3 25 | $23.1M | $39.7M | ||
| Q2 25 | $91.8M | $335.6M | ||
| Q1 25 | $13.7M | $189.1M | ||
| Q4 24 | $166.1M | $348.7M | ||
| Q3 24 | $9.3M | $645.7M | ||
| Q2 24 | $116.3M | $389.5M | ||
| Q1 24 | $112.3M | $395.2M |
营业利润率CNOUNM
| Q4 25 | 15.2% | 6.7% | ||
| Q3 25 | 13.7% | 1.6% | ||
| Q2 25 | 9.8% | 12.4% | ||
| Q1 25 | 10.4% | 7.9% | ||
| Q4 24 | 15.8% | 13.8% | ||
| Q3 24 | 13.6% | 15.6% | ||
| Q2 24 | 13.9% | 15.3% | ||
| Q1 24 | 6.5% | 15.5% |
净利率CNOUNM
| Q4 25 | 8.8% | 5.4% | ||
| Q3 25 | 1.9% | 1.2% | ||
| Q2 25 | 8.0% | 10.0% | ||
| Q1 25 | 1.4% | 6.1% | ||
| Q4 24 | 15.1% | 10.8% | ||
| Q3 24 | 0.8% | 20.1% | ||
| Q2 24 | 10.9% | 12.0% | ||
| Q1 24 | 9.7% | 12.3% |
每股收益（稀释后）CNOUNM
| Q4 25 | $1.02 | $1.06 | ||
| Q3 25 | $0.24 | $0.23 | ||
| Q2 25 | $0.91 | $1.92 | ||
| Q1 25 | $0.13 | $1.06 | ||
| Q4 24 | $1.58 | $1.91 | ||
| Q3 24 | $0.09 | $3.46 | ||
| Q2 24 | $1.06 | $2.05 | ||
| Q1 24 | $1.01 | $2.04 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | — | — |
| 总债务越低越好 | — | $3.8B |
| 股东权益账面价值 | $2.6B | $11.1B |
| 总资产 | $38.8B | $63.5B |
| 负债/权益比越低杠杆越低 | — | 0.34× |
8季度趋势，按日历期对齐
总债务CNOUNM
| Q4 25 | — | $3.8B | ||
| Q3 25 | — | $3.5B | ||
| Q2 25 | — | $3.5B | ||
| Q1 25 | — | $3.5B | ||
| Q4 24 | — | $3.5B | ||
| Q3 24 | — | $3.5B | ||
| Q2 24 | — | $3.5B | ||
| Q1 24 | — | $3.4B |
股东权益CNOUNM
| Q4 25 | $2.6B | $11.1B | ||
| Q3 25 | $2.6B | $10.9B | ||
| Q2 25 | $2.5B | $11.3B | ||
| Q1 25 | $2.5B | $11.2B | ||
| Q4 24 | $2.5B | $11.0B | ||
| Q3 24 | $2.7B | $11.0B | ||
| Q2 24 | $2.4B | $10.5B | ||
| Q1 24 | $2.4B | $10.2B |
总资产CNOUNM
| Q4 25 | $38.8B | $63.5B | ||
| Q3 25 | $38.3B | $63.7B | ||
| Q2 25 | $37.3B | $62.8B | ||
| Q1 25 | $37.4B | $62.5B | ||
| Q4 24 | $37.9B | $62.0B | ||
| Q3 24 | $37.6B | $64.1B | ||
| Q2 24 | $36.3B | $62.0B | ||
| Q1 24 | $34.9B | $62.5B |
负债/权益比CNOUNM
| Q4 25 | — | 0.34× | ||
| Q3 25 | — | 0.32× | ||
| Q2 25 | — | 0.31× | ||
| Q1 25 | — | 0.31× | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | 0.32× | ||
| Q2 24 | — | 0.33× | ||
| Q1 24 | — | 0.34× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $195.7M | $357.9M |
| 自由现金流经营现金流 - 资本支出 | — | $320.1M |
| 自由现金流率自由现金流/营收 | — | 9.9% |
| 资本支出强度资本支出/营收 | — | 1.2% |
| 现金转化率经营现金流/净利润 | 1.94× | 2.06× |
| 过去12个月自由现金流最近4个季度 | — | $555.4M |
8季度趋势，按日历期对齐
经营现金流CNOUNM
| Q4 25 | $195.7M | $357.9M | ||
| Q3 25 | $197.8M | $-371.8M | ||
| Q2 25 | $145.5M | $348.0M | ||
| Q1 25 | $136.7M | $353.6M | ||
| Q4 24 | $191.0M | $485.8M | ||
| Q3 24 | $231.2M | $390.0M | ||
| Q2 24 | $110.9M | $339.1M | ||
| Q1 24 | $94.6M | $298.3M |
自由现金流CNOUNM
| Q4 25 | — | $320.1M | ||
| Q3 25 | — | $-402.6M | ||
| Q2 25 | — | $320.1M | ||
| Q1 25 | — | $317.8M | ||
| Q4 24 | — | $453.8M | ||
| Q3 24 | — | $352.3M | ||
| Q2 24 | — | $311.4M | ||
| Q1 24 | — | $270.0M |
自由现金流率CNOUNM
| Q4 25 | — | 9.9% | ||
| Q3 25 | — | -11.9% | ||
| Q2 25 | — | 9.5% | ||
| Q1 25 | — | 10.3% | ||
| Q4 24 | — | 14.0% | ||
| Q3 24 | — | 11.0% | ||
| Q2 24 | — | 9.6% | ||
| Q1 24 | — | 8.4% |
资本支出强度CNOUNM
| Q4 25 | — | 1.2% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 0.9% | ||
| Q1 24 | — | 0.9% |
现金转化率CNOUNM
| Q4 25 | 1.94× | 2.06× | ||
| Q3 25 | 8.56× | -9.37× | ||
| Q2 25 | 1.58× | 1.04× | ||
| Q1 25 | 9.98× | 1.87× | ||
| Q4 24 | 1.15× | 1.39× | ||
| Q3 24 | 24.86× | 0.60× | ||
| Q2 24 | 0.95× | 0.87× | ||
| Q1 24 | 0.84× | 0.75× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
CNO
| Health Insurance Product Line | $496.4M | 43% |
| Life Insurance Segment | $268.8M | 24% |
| Other | $207.2M | 18% |
| Life And Annuity Insurance Product Line | $170.7M | 15% |
UNM
| Unum Us | $2.0B | 60% |
| Colonial Life | $507.0M | 16% |
| Closed Block | $445.6M | 14% |
| Unum International | $323.0M | 10% |
