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 (NYSE: CNO) news coverage tracks developments from one of the largest insurers focused on middle-income Americans and retirees. As the parent company of Bankers Life, Washington National, and Colonial Penn, CNO's announcements provide insight into trends affecting the senior insurance market, Medicare supplement products, and retirement planning services.
Insurance company news from CNO typically includes quarterly and annual financial results that reveal premium growth trends, investment portfolio performance, and claims experience across life, health, and annuity product lines. These earnings releases offer visibility into how demographic shifts among retirement-age Americans affect insurance demand and policy persistency rates.
Beyond financial performance, CNO news encompasses product launches from its operating subsidiaries, regulatory developments affecting insurance operations, and corporate actions such as dividend declarations and share repurchase activity. The company's focus on the middle-income senior market means its announcements often reflect broader trends in Medicare supplement insurance, long-term care coverage, and retirement income products.
Bookmark this page to follow CNO Financial Group press releases, earnings announcements, and material developments affecting one of the insurance industry's specialists in serving Americans preparing for and living in retirement.
CNO Financial Group, based in Carmel, IN, has declared a quarterly cash dividend of $0.14 per share on its common shares. This dividend is set to be paid on December 23, 2022, to shareholders recorded by the close of business on December 9, 2022. CNO aims to secure the financial future of middle-income America, offering various insurance and financial services with a total asset value of $33 billion and managing 3.2 million policies.
CNO Financial Group (NYSE: CNO) has announced a donation of $50,000 to the African American Alliance of CDFI CEOs on November 7, 2022. This contribution aims to support initiatives that empower Black leaders and address economic disparities. The Alliance comprises over 69 CEOs of Black-led community development financial institutions (CDFIs) dedicated to social justice. Funding will assist in women's leadership programs, CDFI training, and operations enhancements. CNO's commitment aligns with its corporate social responsibility goals to enhance the financial wellness of middle-income Americans.
CNO Financial Group reported third-quarter results for 2022, with net income rising to $105 million, or $0.91 per share, an 18% increase from the previous year. However, net operating income fell to $56.9 million, or $0.49 per share, down 32% year-over-year. The company saw a 3% increase in new annualized premiums, driven by a 33% rise in its Worksite Division sales. CNO returned $26.1 million to shareholders through share repurchases and dividends, while maintaining a strong capital ratio at 375%. Challenges included lower investment income and increased expenses, impacting overall earnings performance.
CNO Financial Group, Inc. (NYSE: CNO) will announce its third-quarter 2022 results post-market on October 31, 2022. Investors are invited to join a conference call at 11:00 a.m. ET on November 1, 2022, to discuss the results. The call can be accessed via phone or webcast on the company's investor page at ir.CNOinc.com. CNO provides life, health insurance, and financial services, securing the future of middle-income America with 3.2 million policies and $34 billion in total assets.
CNO Financial Group, Inc. (NYSE: CNO) and Bankers Life have contributed $426,395 to the Alzheimer's Association, marking the 20th year of their partnership. This donation supports initiatives for Alzheimer care and education, including a $200,000 corporate gift and $215,000 raised through their Forget Me Not Days® fundraiser. The total contribution from CNO and Bankers Life to the Alzheimer's Association exceeds $7 million since 2003. The companies emphasize their commitment to the well-being of middle-income Americans through ongoing community engagement.
CNO Financial Group has declared a quarterly cash dividend of $0.14 per share on its common shares, payable on September 23, 2022. Shareholders of record as of September 9, 2022 will receive this dividend. The company serves middle-income America with life, health insurance, and annuities, managing $34 billion in total assets and over 3.2 million policies. CNO aims to protect the financial future of its customers through its various insurance and financial service brands.
CNO Financial Group (NYSE: CNO) released its third annual Corporate Social Responsibility Report, focusing on accomplishments from 2021. The report emphasizes the company's commitment to environmental, social, and governance (ESG) initiatives, including a $167 million investment in impact projects, enhanced benefits for employees, and over $2.5 million in community contributions. Notably, CNO's ESG rating was upgraded by MSCI from BB to A. CEO Gary C. Bhojwani highlighted the company's dedication to sustainable practices and improving community welfare.
CNO Financial Group reported a strong second quarter for 2022, achieving a net income of $136.1 million or $1.16 per diluted share, a significant increase from $78.0 million or $0.58 in the same quarter last year. Net operating income rose by 29% to $100.1 million. Highlights include a 26% increase in annuity collected premiums and a 33% rise in the Worksite Division. However, total new annualized premiums decreased by 5%. The company returned $76.5 million to shareholders through repurchases and dividends, reflecting a solid balance sheet amidst economic uncertainties.
CNO Financial Group, Inc. (NYSE: CNO) has appointed Tom Kleyle as vice president, corporate finance and treasurer, effective immediately. Kleyle will oversee treasury operations and corporate financial planning, reporting to CFO Paul McDonough. With over 25 years of experience, including nearly 10 years at CNO, Kleyle aims to optimize the company’s financial performance. Previously, he served as vice president of internal audit and held positions at Anthem and PriceWaterhouseCoopers. CNO offers vital financial services to middle-income America, managing $35 billion in assets.
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