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 provides life and health insurance, annuities and financial services for middle-income customers through Bankers Life, Colonial Penn, Optavise and Washington National. News about CNO commonly covers quarterly earnings, insurance sales trends, Medicare policy activity, annuity and rider launches, investment results and capital management.
Company updates also include cash dividend actions, annual meeting matters, board changes, consumer research on retirement confidence and community giving programs tied to CNO's corporate and brand activities.
CNO Financial Group has announced a quarterly cash dividend of $0.13 per share, effective September 24, 2021. This dividend will be distributed to shareholders of record as of September 10, 2021. CNO focuses on providing life and health insurance, annuities, and financial services, serving the needs of middle-income America with over 3.2 million policies and $35 billion in total assets.
CNO Financial Group (NYSE: CNO) has been awarded the Great Place to Work-Certified™ designation for the second consecutive year. The certification reflects positive employee feedback regarding workplace culture, with 92% of staff feeling welcomed and 90% appreciating the company's community contributions. CEO Gary C. Bhojwani highlighted the importance of employee experience in achieving this certification, which recognizes CNO as one of the best employers in the U.S. In 2021, CNO also received various awards for its commitment to diversity and employee well-being.
CNO Financial Group reported a net income of $78 million ($0.58 per diluted share) for 2Q21, down from $82 million in 2Q20. However, net operating income rose to $89.1 million ($0.66 per diluted share), a 20% increase from the prior year. The company saw a 35% increase in new annualized premiums year-over-year and strong performance in annuity and health products. Return on equity improved to 9.1%. CNO returned $104.8 million to shareholders through share repurchases and dividends, while book value per share rose to $41.24.
On July 22, 2021, a study from the Center for a Secure Retirement and CNO Financial Group revealed that 41% of middle-income Boomers have financially supported family during COVID-19, significantly affecting their retirement plans. Nearly all (98%) reported pandemic-related impacts, including reduced savings (75%) and delayed moving plans (65%). The focus has shifted from financial stability to spending time with family. Gender disparities were noted, with 55% of women concerned about retirement finances, while many reported unexpected savings. The study surveyed 2,567 Boomers with household incomes of $30,000 to $100,000.
CNO Financial Group, Inc. (NYSE: CNO) will report its second-quarter 2021 results after market close on July 28, 2021. A conference call to discuss these results will occur at 11:00 a.m. ET on July 29, 2021. Investors can participate via dial-in or listen to a live webcast on the company's website. CNO serves middle-income America with a focus on life and health insurance, offering 3.2 million policies and managing $35 billion in total assets.
CNO Financial Group, Inc. (NYSE: CNO) has signed the Indy Racial Equity Pledge, committing to enhance racial equity in Central Indiana. This initiative, initiated in October 2020, aligns CNO with various organizations focused on addressing disparities in health, prosperity, education, and criminal justice. CNO's pledge includes raising awareness among employees, improving leadership opportunities for people of color and women, and expanding diverse recruitment practices. The company emphasizes its dedication to diversity, equity, and inclusion, aiming to positively impact its workforce and communities.
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.