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) provides insurance and financial solutions for middle-income Americans through subsidiaries including Bankers Life and Colonial Penn. This news hub offers investors and stakeholders centralized access to official corporate announcements and market developments.
Track critical updates including quarterly earnings reports, product launches, leadership changes, and regulatory filings. Our curated collection enables informed decision-making by consolidating press releases about life/health insurance innovations, annuity product updates, and strategic partnerships.
Key content categories feature financial performance disclosures, dividend declarations, and industry recognition announcements. Users benefit from direct access to CNO's Medicare-related insurance developments, retirement product enhancements, and corporate responsibility initiatives.
Bookmark this page for ongoing updates about CNO's market position in the insurance sector, capital management strategies, and service expansions. Verify time-sensitive information through official SEC filings and corporate communications channels.
CNO Financial Group reported a net income of $43.4 million for 4Q22, a significant decline from $115.8 million in 4Q21. For the entire year, net income was $396.8 million, slightly down from $441 million in 2021. The net operating income for 4Q22 was $65.8 million, compared to $108.5 million in 4Q21. Despite ongoing market volatility and reduced investment returns, the company noted strong sales momentum, with direct-to-consumer life insurance new annualized premiums increasing by 10% and worksite division premiums rising by 20%. Shareholder returns included $244.8 million in share repurchases and dividends, with a return on equity of 15.1%.
AM Best has reaffirmed the Financial Strength Rating (FSR) of A (Excellent) and Long-Term Issuer Credit Ratings (ICR) of 'a' (Excellent) for CNO Financial Group's life/health insurance subsidiaries. The outlook for these ratings is stable. The ratings reflect CNO's strong balance sheet, consistent operating performance, and robust risk management. CNO's diversified product offerings across its brands, like Washington National and Bankers Life, contribute to its stability, supported by solid liquidity measures with $498 million in cash as of Q3 2022. This affirmation underscores CNO's strong position amidst competitive pressures, including challenges posed by the COVID-19 pandemic.
CNO Financial Group, Inc. (NYSE: CNO) will announce its fourth quarter 2022 results post-market on February 7, 2023. A conference call is scheduled for 10:00 a.m. ET on February 8, 2023, to discuss these results. Investors can participate via registration or listen through a live webcast on the company's investor website. CNO aims to safeguard the financial future of middle-income America with a portfolio that includes life and health insurance, annuities, and workforce benefits, backed by $33 billion in total assets and over 3.2 million policies.
CNO Financial Group (NYSE: CNO) will host an Investor Day on February 23, 2023, from 1:30 p.m. to 4:30 p.m. Eastern Time at the New York Stock Exchange. Presentations will be made by the executive management team, detailing the company's business operations and financial performance.
Investors and analysts must pre-register for attendance by February 3, 2023, via email. A live webcast of the event will also be available on the company's investor relations website.
CNO Financial Group, based in Carmel, Indiana, announced the promotion of Jean Linnenbringer to Chief Operations Officer and Mike Mead to Chief Information Officer, effective January 1, 2023. CEO Gary C. Bhojwani praised both leaders for their extensive experience and significant contributions to the company. Linnenbringer has over 30 years in operations management and has been with CNO since 2015, while Mead has over 25 years in technology leadership and joined CNO in 2018. They succeed Bruce Baude, who is leaving the organization after 10 years.
CNO Financial Group has announced the winner of its fourth annual holiday and New Year's card competition. The winning card, created by 12-year-old Reed Barton, features a watercolor snow globe scene and will represent CNO's 2022 corporate holiday card. Reed received an art kit, a $500 gift card, and $500 for a charity of his choice, St. Jude Children's Research Hospital. The competition highlights CNO's commitment to giving back and involves submissions from the children of CNO associates, with all participants receiving art supplies or gift cards.
CNO Financial Group, based in Carmel, IN, has declared a quarterly cash dividend of $0.14 per share on its common shares. This dividend is set to be paid on December 23, 2022, to shareholders recorded by the close of business on December 9, 2022. CNO aims to secure the financial future of middle-income America, offering various insurance and financial services with a total asset value of $33 billion and managing 3.2 million policies.
CNO Financial Group (NYSE: CNO) has announced a donation of $50,000 to the African American Alliance of CDFI CEOs on November 7, 2022. This contribution aims to support initiatives that empower Black leaders and address economic disparities. The Alliance comprises over 69 CEOs of Black-led community development financial institutions (CDFIs) dedicated to social justice. Funding will assist in women's leadership programs, CDFI training, and operations enhancements. CNO's commitment aligns with its corporate social responsibility goals to enhance the financial wellness of middle-income Americans.
CNO Financial Group reported third-quarter results for 2022, with net income rising to $105 million, or $0.91 per share, an 18% increase from the previous year. However, net operating income fell to $56.9 million, or $0.49 per share, down 32% year-over-year. The company saw a 3% increase in new annualized premiums, driven by a 33% rise in its Worksite Division sales. CNO returned $26.1 million to shareholders through share repurchases and dividends, while maintaining a strong capital ratio at 375%. Challenges included lower investment income and increased expenses, impacting overall earnings performance.
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