Cno Finl Group Inc Stock Price, News & Analysis

CNO Financial Group, Inc. (NYSE: CNO) has been officially certified as a Great Place to Work in its first year of participation. The recognition highlights CNO's commitment to associate engagement, diversity, and professional development. The certification process utilized feedback from over 3,000 employees collected via the Great Place to Work® Trust Index© survey. Additionally, CNO has received accolades such as being named a 2020 Forbes Best Employer for Diversity and a consistent recognition on the Training Magazine Top 125 list.

CNO Financial Group announced a total contribution of $332,000 to the Alzheimer's Association for care, education, and research programs. This includes a $200,000 corporate donation and $132,000 raised through Bankers Life's annual Forget Me Not Days fundraising campaign.

Since 2003, CNO and Bankers Life have contributed over $6.2 million to the Alzheimer’s cause. The company emphasizes its commitment to supporting community health and welfare, with over $2.3 million in philanthropic efforts reported in 2019 alone.

CNO Financial Group has extended its title sponsorship of the CNO Financial Indianapolis Monumental Marathon through 2022. This partnership, in place since 2016, has contributed to a 23% growth in participation, with last year's event becoming the largest yet, featuring 4,900 marathon finishers and over 16,000 total finishers. The marathon will be held virtually in 2020 due to the COVID-19 pandemic. CNO's commitment to health and wellness continues to strengthen community ties and support local initiatives.

Summary not available.

CNO Financial Group has declared a quarterly cash dividend of $0.12 per share on common shares. This dividend will be payable on September 24, 2020, to shareholders who are recorded by the close of business on September 10, 2020. The announcement reflects the company's ongoing commitment to return value to shareholders.

CNO Financial Group reported a strong second quarter for 2020, with a net income of $82.0 million or $0.57 per diluted share, a significant increase of 118% from $37.6 million in 2Q19. Net operating income also rose to $79.4 million or $0.55 per diluted share, up 15%. Direct-to-consumer sales surged 52% to a record $29.7 million. CNO returned $47.4 million to shareholders through share repurchases and dividends, decreasing shares outstanding by 10%. The company maintains strong capital and liquidity amidst the pandemic.

CNO Financial Group, Inc. (NYSE: CNO) will release its second quarter 2020 earnings after market close on August 4, 2020. A conference call to discuss the results will take place on August 5, 2020, at 10:00 a.m. Eastern Time. Investors can participate by registering for the call or through a live webcast available on the company’s website. A replay of the call will also be accessible afterwards. For further details, visit CNOinc.com.

Research from the Center for a Secure Retirement and Bankers Life reveals that only 54% of Americans are familiar with long-term care insurance, 48% with annuities, and 47% with Medicare Advantage. Amid COVID-19, 81% express retirement worries, with over half stating their planning has suffered. Younger adults show declining faith in Social Security, with only 36% under 55 expecting to rely on it, compared to 79% of those over 55. The survey emphasizes the need for better retirement education to ensure financial security in uncertain times.

Bankers Life, part of CNO Financial Group, launched the Security Builder® Indexed Annuity, aimed at protecting retirement funds while generating interest. This product responds to financial uncertainties heightened by COVID-19, offering benefits like higher returns, tax-deferred earnings, and principal safety. The annuity's value is linked to the S&P 500, ensuring the principal remains intact during market downturns. Available for ages 0-85, it is designed for those nearing retirement, complementing existing annuity offerings from Bankers Life.