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CNO Financial Group Announces Increase of Quarterly Dividend to $0.17
Prnewswire· 2025-05-02 20:15
Core Viewpoint - CNO Financial Group, Inc. has announced a $0.01 increase in its quarterly dividend, marking the thirteenth consecutive annual increase, reflecting the company's commitment to returning value to shareholders [1]. Group 1: Dividend Announcement - The Board of Directors declared a quarterly cash dividend of $0.17 per share on the company's common shares [1]. - The dividend will be payable on June 24, 2025, to shareholders of record at the close of business on June 10, 2025 [1]. Group 2: Company Overview - CNO Financial Group, Inc. focuses on securing the future of middle-income America by providing life and health insurance, annuities, financial services, and workforce benefits solutions [2]. - The company operates through various brands, including Bankers Life, Colonial Penn, Optavise, and Washington National [2]. - CNO manages 3.2 million policies and has total assets amounting to $37.4 billion [2]. - The company employs 3,400 associates, 4,800 exclusive agents, and over 5,500 independent partner agents to assist customers with financial decisions [2].
CNO Financial Group(CNO) - 2025 Q1 - Earnings Call Transcript
2025-04-29 19:57
CNO Financial Group (CNO) Q1 2025 Earnings Call April 29, 2025 03:57 PM ET Speaker0 Good morning, all, and thank you for joining us for the CNO Financial Group First Quarter twenty twenty five Earnings Call. My name is Carly, and I'll be coordinating the call today. I'd now like to hand over to our host, Adam Orville. The floor is yours. Speaker1 Good morning, and thank you for joining us on CNO Financial Group's first quarter twenty twenty five earnings conference call. Today's presentation will include re ...
CNO Financial Group(CNO) - 2025 Q1 - Earnings Call Presentation
2025-04-29 02:12
First Quarter 2025 Financial and operating results for the period ended March 31, 2025 April 28, 2025 Unless otherwise specified, comparisons in this presentation are between 1Q24 and 1Q25. 1 IMPORTANT LEGAL INFORMATION Forward-Looking Statements OUR PURPOSE We secure the future of middle-income America. OUR MISSION Certain statements made in this presentation should be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These include statements about fu ...
CNO (CNO) Reports Q1 Earnings: What Key Metrics Have to Say
ZACKS· 2025-04-29 01:00
Core Insights - CNO Financial reported a revenue of $1.01 billion for Q1 2025, reflecting a year-over-year decline of 12.6% while EPS increased to $0.79 from $0.52 a year ago, exceeding the Zacks Consensus Estimate of $961.36 million by 5.15% [1] Group 1: Financial Performance - The reported insurance policy income was $650.70 million, slightly below the average estimate of $651.36 million, marking a year-over-year increase of 3.6% [4] - The Insurance Product Margin for Annuity was reported at $54.50 million, lower than the estimated $60.39 million [4] - The Insurance Product Margin for Life was $68.20 million, surpassing the average estimate of $52.37 million [4] - The Insurance Product Margin for Health was $126.20 million, slightly below the average estimate of $127.96 million [4] Group 2: Stock Performance - CNO shares have returned -4.6% over the past month, compared to a -4.3% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]
CNO Financial Group(CNO) - 2025 Q1 - Quarterly Results
2025-04-28 20:17
Quarterly Financial Supplement - 1Q2025 April 28, 2025 Page 1 Table of Contents Page | Consolidated balance sheet | 3 | | --- | --- | | Consolidated statement of operations | 4 | | Financial summary | 5 | | Insurance operations | 6 | | Margin from insurance products | 7-9 | | Collected premiums and insurance policy income | 10 | | Health and life new annualized premiums | 11 | | Computation of weighted average shares outstanding | 12 | | Annuities - account value rollforwards | 13 | | Consolidated statutory ...
CNO Financial Group Reports First Quarter 2025 Results
Prnewswire· 2025-04-28 20:15
Core Insights - CNO Financial Group reported a net income of $13.7 million, or $0.13 per diluted share, for Q1 2025, a significant decrease from $112.3 million, or $1.01 per diluted share, in Q1 2024. The decline was attributed to non-economic accounting impacts from market volatility [1][6] - The company's net operating income for Q1 2025 was $81.1 million, or $0.79 per diluted share, representing a 41% increase from $57.5 million, or $0.52 per diluted share, in Q1 2024. Significant items positively impacted both net income and net operating income by $5.3 million, or $0.05 per diluted share, in Q1 2025 [1][5][12] Financial Summary - Total revenues for Q1 2025 were $1,004.1 million, down from $1,156.5 million in Q1 2024. Insurance policy income increased to $650.7 million from $628.4 million, while net investment income from general account assets rose to $375.1 million from $301.9 million [28][29] - The company returned $116.8 million to shareholders, with a book value per share of $25.33, up 6% from the previous year. The return on equity (ROE) was reported at 12.1%, with an operating ROE of 12.6% [5][19][21] Operational Highlights - CNO's annuity collected premiums increased by 12%, and client assets in brokerage and advisory services rose by 16%. The Consumer Division's new annualized premiums (NAP) grew by 9%, with Medicare Supplement NAP up 24% [5] - The Worksite Division's NAP increased by 11%, and the producing agent count rose by 8%, indicating strong operational performance across key business segments [5] Investment Portfolio - As of March 31, 2025, CNO's fixed maturity portfolio had a fair value of $23.3 billion, with net unrealized losses of $2.3 billion. The allowance for credit losses was $38.9 million [15][18] - The consolidated statutory risk-based capital ratio for U.S.-based insurance subsidiaries was estimated at 379% as of March 31, 2025, reflecting strong capital management [16] Shareholder Information - The company repurchased $99.9 million of common stock during Q1 2025, with an average cost of $40.24 per share. As of March 31, 2025, CNO had 99.9 million shares outstanding and authority to repurchase an additional $640.4 million of common stock [17][19]
Stay Ahead of the Game With CNO (CNO) Q1 Earnings: Wall Street's Insights on Key Metrics
ZACKS· 2025-04-23 14:21
In its upcoming report, CNO Financial (CNO) is predicted by Wall Street analysts to post quarterly earnings of $0.79 per share, reflecting an increase of 51.9% compared to the same period last year. Revenues are forecasted to be $961.36 million, representing a year-over-year decrease of 16.9%.The current level reflects a downward revision of 0.4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their init ...
CNO Financial Group to Release First Quarter Results on April 28, 2025
Prnewswire· 2025-04-14 20:15
CARMEL, Ind., April 14, 2025 /PRNewswire/ -- CNO Financial Group, Inc. (NYSE: CNO) will report results for the first quarter of 2025 after the market closes on Monday, April 28, 2025. The company will host a conference call to discuss results at 11:00 a.m. Eastern Time on Tuesday, April 29, 2025.Participate by Dial-InTo participate, please register here. Upon registering, you will be provided with call details and a registrant ID that is used to track attendance on the conference call. Reminders will also b ...
CNO Financial: Hidden Gem
Seeking Alpha· 2025-04-11 13:21
CNO Financial Group, Inc. ( CNO ) is a group of insurance companies that develops, markets, and administers health insurance, annuity, individual life insurance, and other financial services. They focus on serving middle-income pre-retiree and retired Americans. Their three primary brands areI believe in fundamental analysis and disciplined market research. I have strong quant background with a Ph.D. (Chemical Engineering, University of California, Santa Barbara) in model predictive control and an MBA (Jone ...
Is CNO Financial Group (CNO) Stock Outpacing Its Finance Peers This Year?
ZACKS· 2025-03-27 14:45
Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. CNO Financial (CNO) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.CNO Financial is a member of the Finance sector. This group includes 867 individual stocks and cu ...