Welcome to our dedicated page for Cno Finl Group news (Ticker: CNO), a resource for investors and traders seeking the latest updates and insights on Cno Finl Group stock.
CNO Financial Group, Inc. (NYSE: CNO) is a financial services company in the direct life and health insurance space that focuses on middle-income American consumers. Its news flow provides insight into how the company manages its insurance operations, capital, and community relationships.
Investors following CNO stock news will see regular updates on quarterly financial results, including net income, net operating income, insurance product margins, and return on equity measures. The company frequently reports trends in annuity collected premiums, life and health new annualized premiums, and performance in its Consumer and Worksite Divisions. These releases often highlight underwriting margins, investment income and capital management actions such as share repurchases and common stock dividends.
CNO news also covers strategic and operational developments. Recent disclosures describe reinsurance transactions executed through a wholly owned Bermuda reinsurance company, technology modernization efforts under the TechMod project, and decisions to streamline the Worksite Division by exiting fee-based services to focus on core insurance offerings. Investor briefings and division-focused presentations are announced through press releases and SEC Form 8-K filings.
Beyond financial reporting, CNO issues news about its role in the community, notably as title sponsor of the CNO Financial Indianapolis Monumental Marathon, Half Marathon and 5K. Coverage of this event highlights participation levels, competitive results and the company’s emphasis on health and wellness in central Indiana.
This page aggregates these types of updates so readers can review CNO’s earnings announcements, strategic actions, capital decisions and community sponsorships in one place. For those tracking CNO, revisiting this news feed helps provide context on how the company’s insurance and financial services activities evolve over time.
CNO Financial Group has declared a quarterly cash dividend of $0.14 per share on its common shares, payable on September 23, 2022. Shareholders of record as of September 9, 2022 will receive this dividend. The company serves middle-income America with life, health insurance, and annuities, managing $34 billion in total assets and over 3.2 million policies. CNO aims to protect the financial future of its customers through its various insurance and financial service brands.
CNO Financial Group (NYSE: CNO) released its third annual Corporate Social Responsibility Report, focusing on accomplishments from 2021. The report emphasizes the company's commitment to environmental, social, and governance (ESG) initiatives, including a $167 million investment in impact projects, enhanced benefits for employees, and over $2.5 million in community contributions. Notably, CNO's ESG rating was upgraded by MSCI from BB to A. CEO Gary C. Bhojwani highlighted the company's dedication to sustainable practices and improving community welfare.
CNO Financial Group reported a strong second quarter for 2022, achieving a net income of $136.1 million or $1.16 per diluted share, a significant increase from $78.0 million or $0.58 in the same quarter last year. Net operating income rose by 29% to $100.1 million. Highlights include a 26% increase in annuity collected premiums and a 33% rise in the Worksite Division. However, total new annualized premiums decreased by 5%. The company returned $76.5 million to shareholders through repurchases and dividends, reflecting a solid balance sheet amidst economic uncertainties.
CNO Financial Group, Inc. (NYSE: CNO) has appointed Tom Kleyle as vice president, corporate finance and treasurer, effective immediately. Kleyle will oversee treasury operations and corporate financial planning, reporting to CFO Paul McDonough. With over 25 years of experience, including nearly 10 years at CNO, Kleyle aims to optimize the company’s financial performance. Previously, he served as vice president of internal audit and held positions at Anthem and PriceWaterhouseCoopers. CNO offers vital financial services to middle-income America, managing $35 billion in assets.
CNO Financial Group will announce its Q2 2022 earnings on August 1, 2022, after market close. A conference call to discuss the results is scheduled for 11:00 a.m. ET on August 2, 2022. The call can be accessed via registration or through a live webcast on the company's investor website. CNO Financial Group serves middle-income America, offering insurance, annuities, and other financial services, managing $35 billion in assets with over 3.2 million policies.
Optavise released its annual report highlighting significant gaps in healthcare literacy among U.S. employees. Key findings reveal that 62% of respondents do not compare costs before care, with only 10% checking provider network status. The survey, involving 1,055 workers with employer-sponsored health plans, indicated a strong desire for better understanding of healthcare costs and benefits. Notably, 26% of employees reported educational support from employers, up from 22% in 2021. The report emphasizes the need for enhanced health benefits education to empower consumers in making informed healthcare decisions.
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Bankers Life, a prominent life and health insurance provider, unveiled enhanced Medicare Supplement insurance plans aimed at consumers nearing or in retirement. The new offerings, which include Plans A, F, G, High-G, and N, grant flexibility in provider choice and address rising healthcare costs. Plans G and N are highlighted for their comprehensive benefits and cost-effective options. These plans are available in 26 states and provide additional perks like Silver Sneakers and WholeHealth Living Choices programs. The new offerings are underwritten by Washington National Insurance Company.
CNO Financial Group has appointed Brian Schneider as vice president and chief risk officer, effective immediately. Schneider, who previously served as vice president of enterprise risk management at CNO since 2021, will oversee the company’s overall risk management strategy, working closely with leadership on risk governance and business continuity. His extensive experience includes roles at CNA Insurance and Liberty Mutual. CNO aims to enhance its risk management capabilities to support continued growth and stakeholder commitments.
CNO Financial Group has launched Optavise, a unified brand for its Worksite offerings, effectively combining three existing brands into a single comprehensive employee benefits solutions provider. This new brand aims to enhance the market presence of CNO's Worksite capabilities and assist employers and employees in maximizing their benefits. With a network of over 10,000 broker partners and 600 agents, Optavise serves nearly 20,000 businesses across various sectors. The transition to the Optavise brand will be completed by December 31, 2022.
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