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) is a financial services company in the direct life and health insurance space that focuses on middle-income American consumers. Its news flow provides insight into how the company manages its insurance operations, capital, and community relationships.
Investors following CNO stock news will see regular updates on quarterly financial results, including net income, net operating income, insurance product margins, and return on equity measures. The company frequently reports trends in annuity collected premiums, life and health new annualized premiums, and performance in its Consumer and Worksite Divisions. These releases often highlight underwriting margins, investment income and capital management actions such as share repurchases and common stock dividends.
CNO news also covers strategic and operational developments. Recent disclosures describe reinsurance transactions executed through a wholly owned Bermuda reinsurance company, technology modernization efforts under the TechMod project, and decisions to streamline the Worksite Division by exiting fee-based services to focus on core insurance offerings. Investor briefings and division-focused presentations are announced through press releases and SEC Form 8-K filings.
Beyond financial reporting, CNO issues news about its role in the community, notably as title sponsor of the CNO Financial Indianapolis Monumental Marathon, Half Marathon and 5K. Coverage of this event highlights participation levels, competitive results and the company’s emphasis on health and wellness in central Indiana.
This page aggregates these types of updates so readers can review CNO’s earnings announcements, strategic actions, capital decisions and community sponsorships in one place. For those tracking CNO, revisiting this news feed helps provide context on how the company’s insurance and financial services activities evolve over time.
Bankers Life, a brand under CNO Financial Group, announced the launch of its new Guaranteed Lifetime Income Annuity Plus with Enhanced Benefit (GLIA Plus). This single-premium fixed indexed annuity is designed to provide tax-deferred savings and guaranteed lifetime income, with options to increase withdrawals temporarily during health crises. The product aims to assist consumers in managing retirement and healthcare expenses, addressing a critical gap where 79% of middle-income Boomers lack long-term care savings. GLIA Plus is available in 49 states, excluding New York.
CNO Financial Group, Inc. (NYSE: CNO) announced a $500 million increase to its stock repurchase program, enhancing shareholder value amidst favorable market conditions. As of March 31, 2021, the company had approximately $169 million remaining under this program. Additionally, the Board approved a $0.01 per share increase in the quarterly dividend, now at $0.13, marking the ninth consecutive annual increase. The dividend is payable on June 24, 2021, to shareholders of record by June 10, 2021.
CNO Financial Group, Inc. (NYSE: CNO) has released its 2020 Corporate Social Responsibility Report, demonstrating its commitment to positive impacts for customers, associates, and the environment. Key achievements include adopting TCFD and SASB frameworks, completing a greenhouse gas emissions inventory, and earmarking $100 million for impact investments. The report emphasizes ethical practices, community support, and diversity initiatives. CNO plans to continue this annual reporting to highlight its sustainability efforts and value creation for stakeholders.
CNO Financial Group, Inc. reported a strong turnaround in Q1 2021, achieving a net income of $147.4 million, or $1.08 per diluted share, compared to a net loss of $21.2 million in Q1 2020. Despite a 5% decrease in net operating income at $75.2 million, record life sales were noted, with a 29% increase in life new annualized premiums. The company repurchased $100 million in stock and completed the acquisition of DirectPath, maintaining robust capital and liquidity. Book value per share rose 40% to $36.75, reflecting strong shareholder returns and operational resilience amidst the pandemic.
CNO Financial Group, Inc. (NYSE: CNO) is set to report its first-quarter 2021 results after market close on April 28, 2021. A conference call to discuss these results will occur on April 29, 2021, at 11:00 a.m. Eastern Time. CNO Financial offers life and health insurance, annuities, and financial services through brands like Bankers Life and Colonial Penn, securing the future of middle-income America with 3.2 million policies and over $35 billion in assets.
Summary not available.
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.
Summary not available.
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.
FAQ
What is the current stock price of Cno Finl Group (CNO)?
What is the market cap of Cno Finl Group (CNO)?
