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Stock impact report

CNO Financial Group Reports First Quarter 2024 Results

CNO Financial Group, Inc. (CNO) 
Last cno financial group, inc. earnings: 2/11 04:15 pm Check Earnings Report
Company Research Source: PR Newswire
Strong sales and distribution force growth; Total new annualized premiums up 8%; Solid first quarter earningsCARMEL, Ind., April 29, 2024 /PRNewswire/ -- CNO Financial Group, Inc. (NYSE: CNO) today reported net income of $112.3 million, or $1.01 per diluted share, in 1Q24 compared to a net loss of $0.8 million, or $0.01 per diluted share, in 1Q23. Net operating income (1) was $57.5 million, or $0.52 per diluted share, in 1Q24 compared to $58.6 million, or $0.51 per diluted share, in 1Q23."First quarter results were among the best operating metrics we've delivered in the past several years with respect to Consumer and Worksite sales, our distribution force and new products," said Gary C. Bhojwani, chief executive officer."Operating earnings benefited from growth in insurance product margins, reflecting recent sales momentum and expansion of the portfolio yield on five quarters of new money rates exceeding 6%. The only material item that offset our strong operating results in the quarte Show less Read more
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