Welcome to our dedicated page for CNO Financial Group news (Ticker: CNO), a resource for investors and traders seeking the latest updates and insights on CNO Financial Group stock.
CNO Financial Group, Inc. (NYSE: CNO) is a prominent holding company specializing in providing life and health insurance, annuities, and financial services to middle-income American consumers. Established in 1979 and headquartered in Carmel, Indiana, CNO began operations in 1982. Initially known as Conseco, Inc., the company rebranded to its current name in 2010. CNO operates through various subsidiaries, including Bankers Life, Washington National, Colonial Penn, and 40|86 Advisors, catering to over 4 million middle-income working Americans and retirees.
The core business segments of CNO Financial Group include annuity, health, and life insurance product lines, as well as investment and fee revenue segments. The company generates the majority of its revenue from the health product line, with annuity premiums also contributing significantly. CNO's broad product portfolio includes long-term care, life, and supplemental health insurance, along with annuity products such as fixed index annuities, traditional fixed-rate annuities, and single-premium immediate annuities.
CNO's distribution network comprises exclusive agents, independent producers, and direct marketing channels, allowing consumers to access their products through various means including phone, online, mail, and face-to-face interactions with agents. The company's strategic focus on the under-served middle market positions it uniquely to address the financial security needs of more than 50 million households across the United States.
Recent achievements highlight CNO's ongoing commitment to growth and community engagement. The company continues to expand its agent force and enhance productivity through new product offerings and tech-enabled efficiency initiatives. Financially, CNO reported net income of $167.3 million in 3Q23, reflecting strong underwriting margins and net investment income results. Additionally, CNO's annual CNO Financial Indianapolis Monumental Marathon has become a celebrated event, underscoring the company's dedication to health and wellness in the central Indiana community.
CNO Financial Group is also committed to social responsibility, evidenced by its $50,000 donation to the African American Alliance of CDFI CEOs for the second consecutive year. This contribution aims to support economic equity and empower Black-led community development financial institutions.
With robust financial health, as demonstrated by a strong capital position and sustained profitable growth, CNO Financial Group continues to focus on delivering value to its customers, agents, and shareholders. The company's latest initiatives include the launch of a Bermuda affiliate to enhance its reinsurance strategy, which further strengthens its operational framework.
Looking ahead, CNO Financial Group is poised for significant growth, driven by a comprehensive product portfolio, an expanding agent base, and a steadfast commitment to serving the financial security needs of middle-income Americans.
CNO Financial Group reported strong Q2 2024 results, with net income up 66% to $116.3 million ($1.06 per diluted share) and operating earnings up 94% to $114.6 million ($1.05 per diluted share). Key highlights include:
- Total new annualized premiums up 4%, with Worksite Division up 18%
- Medicare Supplement NAP up 16%; Medicare Advantage policies sold up 78%
- Annuity collected premiums up 9%; Policyholder assets up 9%
- Book value per share up 30% to $22.80
- Return on equity of 19.9%; operating ROE of 11.2%
- $77.2 million returned to shareholders
CNO's CEO Gary C. Bhojwani noted strong performance across the board, with continued sales momentum, growing agent force, and strong underwriting margins. The company is raising full-year guidance on earnings and cash flow.
CNO Financial Group (NYSE: CNO) has announced it will release its second quarter 2024 results on Monday, July 29, 2024, after market close. The company will host a conference call to discuss the results on Tuesday, July 30, 2024, at 11:00 a.m. Eastern Time. Investors can participate via dial-in by registering in advance or through a live webcast available on the company's investor relations website. A replay of the call will also be accessible on the website for those unable to attend the live event. This announcement provides shareholders and analysts with the opportunity to review CNO's financial performance and engage with management about the company's quarterly results.
CNO Financial Group has extended its title sponsorship of the Indianapolis Monumental Marathon through 2026. This marathon, one of the top 15 largest in the U.S., attracts Olympians, Boston Marathon qualifiers, and runners from nationwide and international locations. The announcement highlights CNO's commitment to community health and well-being in central Indiana. The marathon, organized by the non-profit Beyond Monumental, celebrates its 10th anniversary of CNO's sponsorship in 2025. The 2023 event saw nearly 15,000 participants from all 50 states and over 25 countries. Registration for the 2024 marathon is open and expected to sell out for the 12th consecutive time.
CNO Financial Group, Inc. announced the outcomes of its 2024 Annual Shareholder Meeting where eight directors were elected, executive compensation was approved, and other key decisions were made.
CNO Financial Group, Inc. (NYSE: CNO) announced a $0.01 per share increase in its quarterly dividend, marking the twelfth consecutive annual increase. The Board declared a quarterly cash dividend of $0.16 per share, payable on June 24, 2024, to shareholders of record on June 10, 2024.
CNO Financial Group, Inc. reported strong growth in sales and distribution force, with total new annualized premiums up 8% in Q1 2024 compared to Q1 2023. The company achieved solid earnings with net income of $112.3 million, or $1.01 per diluted share, showing a significant improvement from a net loss in the previous year. Despite some unfavorable impacts on real estate investments, CNO's financial health remains robust, exemplified by its excellent capital position and growth in book value per diluted share. The company reiterated its full-year guidance and returned $57.3 million to shareholders. Key highlights include growth in Consumer Division new annualized premiums, Worksite Division NAP, and Medicare Supplement NAP, showcasing CNO's focus on sustainable profitable growth.
FAQ
What is the current stock price of CNO Financial Group (CNO)?
What is the market cap of CNO Financial Group (CNO)?
What services does CNO Financial Group provide?
Which subsidiaries operate under CNO Financial Group?
How does CNO distribute its products?
What are CNO's main sources of revenue?
How many customers does CNO Financial Group serve?
What recent financial performance has CNO reported?
What community initiatives is CNO involved in?
Where are CNO Financial Group's corporate offices located?
What is CNO's target market?
How does CNO ensure its financial stability?
