Welcome to our dedicated page for CNO Financial Group news (Ticker: CNO), a resource for investors and traders seeking the latest updates and insights on CNO Financial 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.
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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.