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) declared a quarterly cash dividend of $0.12 per share, payable on March 24, 2021, to shareholders of record by March 10, 2021. Additionally, the company announced its annual meeting will occur via a virtual webcast on May 7, 2021, at 8:00 a.m. ET, allowing eligible shareholders to participate and submit questions.
CNO Financial Group reported a strong performance for Q4 and full year 2020 despite pandemic challenges. Net income for Q4 2020 was $111.8 million ($0.80 per diluted share), down from $278.0 million in Q4 2019, primarily due to a previous tax benefit. However, net operating income rose to $86.0 million ($0.61 per diluted share), up from $78.6 million. Full year net income was $301.8 million ($2.11 per diluted share), down from $409.4 million in 2019. The company returned $330 million to shareholders and achieved a significant increase in life and direct-to-consumer sales.
CNO Financial Group (NYSE: CNO) has acquired DirectPath, a national provider of employee benefits management services, for approximately $50 million. This acquisition aims to enhance CNO's offerings in benefits administration and employee engagement, addressing increased employer demand in the post-COVID work environment. DirectPath serves over 2.5 million covered employees across 400 employers and collaborates with around 7,000 broker partners. The deal is expected to positively impact CNO's operating earnings per share starting in 2022.
AM Best has upgraded the outlooks for CNO Financial Group, Inc. (CNO) from stable to positive and affirmed its Financial Strength Rating (FSR) of A- and Long-Term Issuer Credit Ratings (ICR) of 'a-'. This reflects CNO's strong balance sheet, characterized by very strong risk-adjusted capitalization and good liquidity. The revised outlook is attributed to positive earnings trends and stable premium and investment income, while the company's diversified product offerings and effective risk management enhance its competitive position.
CNO Financial Group will announce its fourth-quarter 2020 results on February 9, 2021, after market close. A conference call to discuss the results is scheduled for February 10 at 11:00 a.m. ET. Investors can participate via dial-in or online webcast, with registration required for dial-in access. A replay will be available on the company’s investor website. For further details, visit CNOinc.com.
CNO Financial Group, Inc. (NYSE: CNO) announced a public offering of $150 million in 5.125% subordinated debentures due 2060. The offering is set to complete on November 25, 2020, pending customary closing conditions. Interest will be paid quarterly beginning on February 25, 2021. Net proceeds will be used for general corporate purposes. The offering is managed by BofA Securities, RBC Capital Markets, and Wells Fargo Securities. This announcement does not constitute an offer to sell the Debentures in jurisdictions where such an offer would be unlawful.
CNO Financial Group, Inc. (NYSE: CNO) has declared a quarterly cash dividend of $0.12 per share on its common shares. This dividend will be payable on December 24, 2020, to shareholders of record at the close of business on December 10, 2020. This announcement reflects the company's commitment to return value to its shareholders amidst current market conditions.
CNO Financial Group announced the appointment of Steven Shebik as a director and the nomination of Chet Ragavan for election at the annual meeting in May 2021. This brings the board size to 10 directors. Shebik brings extensive experience from his previous roles at Allstate, including vice chair and CEO of Allstate Life Insurance. Ragavan, a former executive at Voya Financial, has significant expertise in risk management and investment strategy. The board also noted the upcoming retirement of Charles Jacklin at the end of his term in May 2021.
Bankers Life, part of CNO Financial Group, announced a new retirement income planning software tool designed to offer personalized guidance to clients, particularly beneficial during current economic challenges. Developed in collaboration with RetireUp, the tool enables wealth management professionals to create tailored retirement plans and facilitates virtual consultations, enhancing client engagement. The software aims to simplify complex financial concepts, offering interactive visuals for better understanding. This initiative aligns with Bankers Life's commitment to improving customer service and financial planning efficiency.
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