earnings
confidence high
sentiment negative
materiality 0.75
CNO Q3 net income $105M ($0.91 EPS) up 18% YoY; operating income $56.9M ($0.49) down 39%
CNO Financial Group, Inc.
2022-Q3 EPS reported
$2.99
revenue$2,603,200,000
- Net income $105.0M ($0.91 diluted EPS) vs $99.8M ($0.77) in 3Q21; operating EPS $0.49 vs $0.72.
- Pre-tax operating earnings $74.3M vs $119.3M, driven by lower variable investment income and higher expenses.
- Total NAP up 3%; annuity collected premiums up 11%; worksite NAP up 33%.
- Returned $26.1M to shareholders ($10M buybacks, $16.1M dividends); weighted avg shares down 10% YoY.
- Estimated RBC ratio 375%; debt-to-capital ex AOCI 24.7%; book value per diluted share ex AOCI $29.87.