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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.