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 (NYSE: CNO) has extended its title sponsorship of the Indianapolis Monumental Marathon through 2024, solidifying its commitment to health and wellness in Indiana. The marathon, organized by Beyond Monumental, is one of the largest in the U.S. and will celebrate its 15th anniversary on November 5, 2022. With over 13,000 registrants in 2021, the event is projected to sell out for the 10th time. The partnership aims to enhance community engagement and promote youth health initiatives through various programs.
Bankers Life, part of CNO Financial Group, is hosting "Alzheimer's Association Awareness Nights" during Greensboro Grasshoppers games in June 2022. This initiative marks the 20th anniversary of Bankers Life's support for the Alzheimer's Association, raising over $6.9 million since 2003. Attendees on June 3, 17, and 24 are encouraged to wear purple, with the first 300 receiving purple sunglasses. Notably, players will wear custom Alzheimer's jerseys on June 24, auctioned for charity. The event aims to boost awareness and funding for Alzheimer's care and research.
CNO Financial Group, Inc. (NYSE: CNO) held its annual meeting on May 19, 2022, where shareholders made key decisions. Nine directors were elected to serve until next year. An advisory vote approved the executive compensation for named officers. The shareholders also ratified the company's Amended Certificate of Incorporation to implement a Replacement NOL Protective Amendment, preserving the value of tax net operating losses. Additionally, PricewaterhouseCoopers LLP was appointed as the independent accounting firm for 2022.
CNO Financial Group has declared a quarterly dividend of $0.14 per share, reflecting a $0.01 increase marking its tenth consecutive annual increase. This dividend will be payable on June 24, 2022, to shareholders on record as of June 10, 2022. With 3.2 million policies and total assets of $35 billion, CNO continues to secure the financial future of middle-income Americans through various insurance and financial services.
CNO Financial Group reported a net income of $112.3 million, or $0.93 per diluted share, for Q1 2022, down from $147.4 million, or $1.08 per diluted share in Q1 2021. Net operating income was $51.1 million ($0.42 per diluted share), also lower than $75.2 million ($0.55) in the prior year. The company repurchased $100 million of shares, returning $116.1 million to shareholders overall. However, earnings were impacted by market volatility, decreased investment income, and increased advertising costs. On a positive note, total new annualized premiums grew 2%, and direct-to-consumer life insurance premiums surged 16%.
CNO Financial Group (NYSE: CNO) announced the acquisition of a strategic minority interest in Rialto Capital, an investment platform specializing in commercial real estate with $14.2 billion in assets under management. This partnership aims to enhance CNO's investment capabilities and diversify its portfolio, ultimately benefiting shareholder returns. CNO's CEO, Gary Bhojwani, emphasized the significance of this investment in Rialto, noting the team's expertise in the sector. The financial details of the transaction remain undisclosed.
CNO Financial Group, Inc. (NYSE: CNO) will report its first-quarter 2022 earnings after market close on May 2, 2022. A conference call is scheduled for May 3, 2022, at 11:00 a.m. ET to discuss the results. The call will be accessible via dial-in and webcast, with replay options available on their official website. CNO is focused on securing the future of middle-income America, providing services through brands like Bankers Life and Colonial Penn, managing $36 billion in total assets.
CNO Financial Group has declared a quarterly cash dividend of $0.13 per share, payable on March 24, 2022, to shareholders of record by the close of business on March 10, 2022. The company will hold a virtual annual meeting for shareholders on May 19, 2022, where eligible participants can vote and ask questions. Additionally, Board member Robert Greving will retire after 11 years of service, leaving the Board with nine members, eight of whom are independent. CNO offers life and health insurance and manages $36 billion in total assets.
CNO Financial Group reported a strong performance for Q4 2021, achieving net income of $115.8 million ($0.93/share), up from $111.8 million ($0.80/share) in Q4 2020. For the full year 2021, net income reached $441.0 million ($3.36/share), a significant increase from $301.8 million ($2.11/share) in 2020. Key highlights include a 10% rise in net operating income and a return on equity of 8.5%. Shareholders benefited from $468.1 million returned through repurchases and dividends. However, the ongoing impact of COVID-19 remains a concern.
