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Cno Financial Group Inc   (CNO)
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Price: $26.1900 $0.50 1.946%
Day's High: $26.2 Week Perf: 3.89 %
Day's Low: $ 25.73 30 Day Perf: -0.53 %
Volume (M): 830 52 Wk High: $ 28.39
Volume (M$): $ 21,740 52 Wk Avg: $24.84
Open: $25.79 52 Wk Low: $19.95



 Market Capitalization (Millions $) 3,017
 Shares Outstanding (Millions) 115
 Employees 3,500
 Revenues (TTM) (Millions $) 4,147
 Net Income (TTM) (Millions $) 277
 Cash Flow (TTM) (Millions $) 244
 Capital Exp. (TTM) (Millions $) 0

Cno Financial Group Inc

CNO Financial Group, Inc., a Delaware corporation ("CNO"), is a holding company for a group of insurance companies operating throughout the United States that develop, market and administer health insurance, annuity, individual life insurance and other insurance products. Such terms, when used to describe insurance business and products, refer to the insurance business and products of CNOs insurance subsidiaries.

The Company manages its business through the following operating segments: Bankers Life, Washington National and Colonial Penn, which are defined on the basis of product distribution; and corporate operations, comprised of holding company activities and certain noninsurance company businesses. The Company’s insurance segments are described below:


Bankers Life, which markets and distributes Medicare supplement insurance, interest-sensitive life insurance, traditional life insurance, fixed annuities and long-term care insurance products to the middle-income senior market through a dedicated field force of career agents, financial and investment advisors, and sales managers supported by a network of community-based sales offices. The Bankers Life segment includes primarily the business of Bankers Life and Casualty Company ("Bankers Life"). Bankers Life also has various distribution and marketing agreements with other insurance companies to use Bankers Lifes career agents to distribute Medicare Advantage and prescription drug plans ("PDP") products in exchange for a fee.


Washington National, which markets and distributes supplemental health (including specified disease, accident and hospital indemnity insurance products) and life insurance to middle-income consumers at home and at the worksite. These products are marketed through Performance Matters Associates of Texas, Inc. ("PMA", a wholly owned subsidiary) and through independent marketing organizations and insurance agencies including worksite marketing. The products being marketed are underwritten by Washington National Insurance Company ("Washington National"). This segments business also includes certain closed blocks of annuities and Medicare supplement policies which are no longer being actively marketed by this segment and were primarily issued or acquired by Washington National.


Colonial Penn, which markets primarily graded benefit and simplified issue life insurance directly to customers in the senior middle-income market through television advertising, direct mail, the internet and telemarketing. The Colonial Penn segment includes primarily the business of Colonial Penn Life Insurance Company ("Colonial Penn").

As further described in the note to the consolidated financial statements entitled "Sale of Subsidiary", we sold Conseco Life Insurance Company ("CLIC") on July 1, 2014. The business of CLIC primarily related to traditional and interest-sensitive life products. In periods prior to 2014, we had an Other CNO Business segment comprised of the long-term care business that was ceded effective December 31, 2013 and the overhead expense of CLIC that was expected to continue after the completion of the sale. Beginning on January 1, 2014: (i) the overhead expense of CLIC that was expected to continue after the completion of the sale was reallocated primarily to the Bankers Life and Washington National segments; and (ii) there was no longer an Other CNO Business segment.

Our mission is to be the recognized market leader in providing financial security for the protection and retirement needs of middle-income American working families and retirees. Our strategic plans are focused on continuing to grow and deliver long-term value for all our stakeholders. Specifically, we will focus on the following priorities:

Growth
Focus on initiatives that drive sales including lead programs, new products, agent recruitment and retention

Expand offering middle-market consumers a range of investment and planning solutions

Exploring non-organic growth opportunities that are focused on the middle market, fill product gaps, expand our distribution and geographic footprint and/or enhance agent recruiting

Increase profitability and return on equity
Maintain our strong capital position and favorable financial metrics
Continue to increase our return on equity

Effectively manage risk and deploy capital
Active enterprise risk management process
Continue to cost effectively repurchase our common stock
Maintain a competitive dividend payout ratio

Further enhance the customer experience and agent productivity
Completion and implementation of new tools to be used by our distribution force

Further development of capabilities for generating and acting on prospect/customer data insights making it easier to sell and deliver service

Reduce long-term care exposure by approximately one-half over the next three to six years
Drive growth of other lines of business
Evaluate reinsurance and/or other potential solutions

Continue to invest in talent
Expanded leadership development programs
Emphasis on skills and experiences that are aligned with our priorities




   Company Address: 11825 N. Pennsylvania Street Carmel, 46032 IN
   Company Phone Number: 817-6100   Stock Exchange / Ticker: NYSE CNO
   


Customers Net Income fell by CNO's Customers Net Profit Margin fell to

-94.29 %

0.27 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
CI        1% 
CNC        3.34% 
ELV        6.26% 
HUM        4.35% 
MOH        1.85% 
UNH        12.45% 
• View Complete Report
   



Cno Financial Group Inc

CNO Financial Group Inc Receives Excellent Credit Ratings from AM Best

In recent news, AM Best, the credit rating agency, has affirmed the excellent credit ratings of CNO Financial Group, Inc. and its life/health insurance subsidiaries. This positive affirmation reflects the strong financial standing and consistent performance of the company.
Despite the challenges faced by the insurance industry, CNO Financial Group has maintained its excellent ratings. This is a testament to the company's effective risk management and ability to deliver quality products and services to its customers. The company's headquarters is located in Carmel, Indiana, and it is recognized as a leading insurance company.

Product Service News

CNO Financial Group's Credit Ratings Affirmed, However, Challenges Loom Ahead

Published Thu, Feb 15 2024 3:15 PM UTC

AM Best Affirms Credit Ratings of CNO Financial Group, Inc. and Its Life/Health SubsidiariesAM Best, the credit rating agency, has affirmed the excellent credit ratings of CNO Financial Group, Inc. and its life/health insurance subsidiaries. CNO Financial Group, headquartered in Carmel, Indiana, is a leading insurance company. The ratings include a Financial Strength Rating ...

Cno Financial Group Inc

CNO Financial Group Inc's Remarkable Growth: Income per Share Soars by an Astounding 60.44% in Latest Financial Period, Ending September 30, 2023

CNO Financial Group Inc has reported outstanding financial results for the third quarter of 2023, with profits reaching an astonishing increase of 60.44% at $1.46 per share. The company's revenue also experienced a moderate rise of 4.661%, amounting to $947.50 million compared to the corresponding period in the previous year.
In the prior reporting period, CNO achieved a revenue of $1.02 billion and a bottom line of $0.64 per share. The net profit for the financial interval ending on September 30, 2023, rose by 59.33% to $167.300 million, compared to $105.000 million during the same period a year ago.

Cno Financial Group Inc

CNO Financial Group Inc Defies Market Trends: Revenue Soars While Profits Plummet

Financial News Report: CNO Financial Group Inc Reports Profitability Deterioration Despite Revenue Increase
CNO Financial Group Inc experienced a decline in profitability in its most recent fiscal period, despite a significant increase in revenue. The net profit per share plummeted by 44.83% to $0.64 per share, while revenue increased by 19.626% to $1.02 billion, compared to the corresponding financial reporting period a year prior.
In comparison to its industry peers in the Accident & Health Insurance sector, CNO Financial Group Inc has outpaced them in revenue growth. The industry witnessed an 8.97% revenue increase during the same period. This demonstrates CNO Financial Group Inc's strong performance within its industry.

Cno Financial Group Inc

CNO Financial Group Inc: Surpassing Expectations with Record Revenue Growth, Despite Investor Concerns

Investors, it's time to take note of the exciting advancements happening at Cno Financial Group Inc in this first quarter of 2023. With an impressive 16.35% return on equity (ROE), they have outperformed their own average of 6.1%. Although the ROE fell slightly due to the decline in net income, it is still noteworthy that 718 companies now rank higher than Cno Financial Group Inc in terms of ROE, compared to the fourth quarter of 2022 when over 1000 companies outranked it.
In terms of earnings, Cno Financial Group Inc experienced a one year shortfall of $-0.01 per share and a significant decline in earnings from $0.93 per share to $0.38 per share. However, with a respectable 19.35% jump in revenue to $1.01 billion this quarter, investors should not be deterred. Sequentially, revenue even grew by 3.328% from $973.60 million, indicating a steady improvement in the company's market position.
It is worth noting that Cno Financial Group Inc operates in the highly competitive Accident & Health Insurance industry which has five companies currently performing better. However, investors should not overlook the impressive comeback the company is making, particularly during these uncertain times as it contends with the COVID-19 pandemic.






 

Cno Financial Group Inc's Segments
 
 
• View Complete Report
  Company Estimates  
  Revenue Outlook
Cno Financial Group Inc does not provide revenue guidance.

Earnings Outlook
Cno Financial Group Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




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