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.
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.
CNO Financial Group reported a significant increase in net income for Q3 2020, reaching $129.2 million or $0.91 per diluted share, compared to $42.0 million or $0.27 per diluted share in Q3 2019. Net operating income also rose to $112.6 million, up 63% year-over-year. The company returned $66.8 million to shareholders through buybacks and dividends. Operating EPS increased 76% to $0.79. CNO's capital remains strong, with a book value of $36.32 per diluted share, up 22% from the previous year.
Fabric, a financial services innovator, has secured $18 million in Series B funding led by CNO Financial Group (NYSE: CNO). This brings its total funding to over $30 million. Fabric plans to enhance its offerings, including modern term life insurance and financial planning tools, aimed at helping families achieve financial security. With a projected 5x growth in term life insurance premiums for 2020, Fabric has expanded to serve tens of thousands of families and introduced new products like 529 college savings and rainy-day savings funds to support parents.
CNO Financial Group, Inc. (NYSE: CNO) will announce its third quarter 2020 earnings after market close on November 2, 2020. A conference call to discuss these results is scheduled for 11:00 a.m. ET on November 3, 2020. Investors can join the call by registering online to receive participation details and can also access a live webcast through the company's Investors section. A replay of the call will be available on the same website.
CNO Financial Group announced that its chairman, Dan Maurer, has been named to the NACD Directorship 100 list for 2020, recognizing him as one of the most influential leaders in corporate governance. Maurer has served on CNO's board since May 2015 and as chairman since May 2018. CEO Gary Bhojwani praised Maurer's leadership, especially during the challenges posed by COVID-19. The NACD Directorship 100 honors corporate directors and governance advocates who exemplify effective governance. Honorees will be featured in an upcoming issue of NACD Directorship magazine.
CNO Financial Group, Inc. (NYSE: CNO) has launched myHealthPolicy.com, an online health insurance marketplace aimed at helping Medicare beneficiaries explore and enroll in Medicare Advantage and Prescription Drug plans. The platform promises a seamless online enrollment experience complemented by personal assistance from over 2,000 licensed agents. In addition, CNO announced that Meredith Vieira will be the brand's spokesperson for a national campaign starting this month. The Medicare Annual Election Period runs from October 15 to December 7, 2020.
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.