earnings
confidence high
sentiment positive
materiality 0.80
CNO Financial Q2 net income $136.1M ($1.16 EPS) vs $78M ($0.58) YoY; operating EPS $0.85 up 29%
CNO Financial Group, Inc.
2022-Q2 EPS reported
$2.08
revenue$1,697,900,000
- Net income $136.1M ($1.16 diluted EPS) vs $78.0M ($0.58) in 2Q21; operating income $100.1M ($0.85) vs $89.1M ($0.66).
- Net investment income up 8% YoY; annuity collected premiums +26% to $435M; health NAP down 10%, life NAP down 2%.
- Returned $76.5M to shareholders ($60M share repurchases, $16.5M dividends); weighted average diluted shares down 12% YoY.
- Statutory RBC ratio ~360%; book value per share $19.27, ex-AOCI $29.06; debt-to-capital ratio 34.0%.
- Amended certificate of incorporation to extend protective amendment preserving NOL tax benefits (effective July 29, 2022).