Cno Finl Group Inc Stock Price, News & Analysis

CNO Financial Group (NYSE: CNO) is set to announce its first-quarter results for 2023 on May 1, 2023, following market closure. A conference call to discuss these results will occur on May 2, 2023, at 11:00 a.m. ET. This highlights the company's ongoing commitment to transparency and communication with its investors. CNO targets middle-income America by providing a range of financial products, including life and health insurance, annuities, and workforce benefits. With approximately 3.2 million active policies and total assets amounting to $33 billion, CNO aims to meet the financial stability needs of its clients through its network of associates and agents.

CNO Financial Group (NYSE: CNO) announced the nomination of Archie Brown and Adrianne Lee as directors for election at the annual meeting on May 10, 2023. Brown, CEO of First Financial Bancorp, brings extensive finance and risk management experience, while Lee, CFO of Overstock.com, adds expertise in financial planning and e-commerce. The nominations come as Ellyn Brown and Fred Sievert retire from the board. Board Chair Dan Maurer expressed confidence in the new nominees' ability to enhance the board's perspective on growth priorities. CNO Financial serves middle-income America with life and health insurance services.

CNO Financial Group, Inc. (NYSE: CNO) has announced the nomination of Archie Brown and Adrianne Lee to its Board of Directors for election during the May 10, 2023 annual meeting. Archie Brown, CEO of First Financial Bancorp, brings extensive experience in finance and risk management, while Adrianne Lee, CFO of Overstock.com, offers significant financial planning and e-commerce expertise. Their appointments fill the vacancies left by retiring directors Ellyn Brown and Fred Sievert, who have served since 2012 and 2011, respectively. The nominations aim to enhance board perspectives as CNO pursues its growth strategy.

CNO Financial Group, Inc. (NYSE: CNO) has declared a quarterly cash dividend of $0.14 per share, set to be paid on March 24, 2023. Shareholders of record by March 10, 2023 will be eligible for this dividend. Additionally, CNO announced that its annual meeting of shareholders will occur virtually on May 10, 2023, allowing registered shareholders to participate and vote. CNO Financial Group provides life and health insurance, annuities, and financial services, securing the future of middle-income America with $33 billion in total assets and 3.2 million policies in force.

CNO Financial Group reported a net income of $43.4 million for 4Q22, a significant decline from $115.8 million in 4Q21. For the entire year, net income was $396.8 million, slightly down from $441 million in 2021. The net operating income for 4Q22 was $65.8 million, compared to $108.5 million in 4Q21. Despite ongoing market volatility and reduced investment returns, the company noted strong sales momentum, with direct-to-consumer life insurance new annualized premiums increasing by 10% and worksite division premiums rising by 20%. Shareholder returns included $244.8 million in share repurchases and dividends, with a return on equity of 15.1%.

AM Best has reaffirmed the Financial Strength Rating (FSR) of A (Excellent) and Long-Term Issuer Credit Ratings (ICR) of 'a' (Excellent) for CNO Financial Group's life/health insurance subsidiaries. The outlook for these ratings is stable. The ratings reflect CNO's strong balance sheet, consistent operating performance, and robust risk management. CNO's diversified product offerings across its brands, like Washington National and Bankers Life, contribute to its stability, supported by solid liquidity measures with $498 million in cash as of Q3 2022. This affirmation underscores CNO's strong position amidst competitive pressures, including challenges posed by the COVID-19 pandemic.