Cno Finl Group Inc Stock Price, News & Analysis

AM Best has upgraded CNO Financial Group, Inc.'s Financial Strength Rating (FSR) to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating (ICR) to 'a' (Excellent) from 'a-' (Excellent). These upgrades reflect CNO's improved earnings profile, strong balance sheet strength, and enhanced operating performance. CNO's risk-based capital is estimated at 388%. Despite challenges in increasing margins, the company has shown consistent favorable earnings, particularly in its annuity operations. The outlook for these ratings has been revised to stable from positive.

CNO Financial Group, Inc. (NYSE: CNO) will announce its fourth-quarter 2021 results after market close on February 8, 2022. A conference call is scheduled for February 9, 2022, at 11:00 a.m. ET to discuss the results. Investors can participate by registering online or via webcast, with replay options available post-event. CNO offers a range of financial services, including life and health insurance, with a total of $35 billion in assets and approximately 3.2 million policies in force, aimed at supporting middle-income America.

CNO Financial Group announced the winner of its 2021 corporate holiday and New Year's card competition.

Ram Srivatsa, aged 10, secured the title, representing the artwork of associate Harsha Venkatesha. The competition, held in September and October, invited submissions from young family members of CNO associates, showcasing diverse holiday traditions.

Srivatsa received an art kit, a $500 gift card, and a $500 donation to the Gates Foundation. CNO continues to engage its community with initiatives like this, enhancing corporate culture and charity efforts.

CNO Financial Group, Inc. (NYSE: CNO) appointed Richard Shaffer as Senior Vice President for small market sales and Worksite insurance operations, effective December 6, 2021. Shaffer, who has over 20 years of experience in voluntary benefits and sales, will oversee the company's Worksite business insurance operations. His previous role was at Unum and Colonial Life, focusing on distribution strategy and market development. This move aligns with CNO's strategy to enhance workforce benefits solutions.

CNO Financial Group, Inc. (NYSE: CNO) declared a quarterly cash dividend of $0.13 per share on its common shares. This dividend will be payable on December 24, 2021, to shareholders of record by the close of business on December 10, 2021. The company focuses on providing life and health insurance, annuities, and financial services primarily for middle-income Americans. CNO supports over 3.2 million policies with total assets of approximately $35 billion.

The CNO Financial Indianapolis Monumental Marathon, held on November 6, 2021, witnessed over 13,000 participants, marking a successful return to in-person racing after a virtual event in 2020. Record-breaking performances were achieved in the Men's Marathon and both Men's and Women's Half Marathon. Ian Carter and Christina Murphy emerged as champions, setting new course records. The event sold out for the ninth time, with participants from all 50 states and 11 countries. CNO Financial's title sponsorship continues to foster community health and wellness initiatives, showcasing its commitment to the Indianapolis community.

CNO Financial Group reported a net income of $99.8 million, or $0.77 per diluted share, for Q3 2021, a decrease from $129.2 million or $0.91 per share in Q3 2020. Net operating income also fell to $92.8 million. The company experienced a favorable impact of $18 million from COVID-19 on product margins, which was $15 million less than the previous year. Direct-to-consumer life insurance new annualized premiums rose 13% year-over-year. Shareholder returns totaled $131.3 million through repurchases and dividends. The book value per share increased by 15% to $42.11.