earnings
confidence high
sentiment positive
materiality 0.75
CNO Financial Q4 net income $115.8M ($0.93 diluted EPS) up 16% YoY; record 2021 buybacks of $402M
CNO Financial Group, Inc.
2021-FY EPS reported
$3.36
revenue$4,122,200,000
- Q4 net income $115.8M ($0.93 diluted EPS); net operating income $108.5M ($0.87), up 43% vs $0.61 in Q4 2020.
- Full year 2021 net income $441.0M ($3.36 diluted EPS); operating EPS $2.79, up 10% from 2020.
- Returned $468.1M to shareholders: $402.4M in share repurchases (record) and $65.7M dividends; diluted share count down 11% YoY.
- Direct-to-consumer life NAP exceeded $100M for first time, up 16% YoY; annuity collected premiums up 15% in Q4.
- Will adopt new long-duration contract accounting guidance Jan 1, 2023; expects material decrease to AOCI and profit emergence changes.