earnings
confidence high
sentiment neutral
materiality 0.70
CNO Financial Q1 2023 net loss $0.8M; operating EPS $0.51; NAP up 7%
CNO Financial Group, Inc.
2023-Q1 EPS reported
-$0.01
revenue$1,006,000,000
- Net loss of $0.8M ($0.01 diluted); net operating income $58.6M ($0.51) vs $64.5M ($0.54) YoY.
- Total new annualized premiums (NAP) up 7% to $96.6M; Medicare Supplement NAP +20%, Medicare Advantage +55%.
- Consumer field agents +1%, Worksite +38%; record direct-to-consumer Life sales.
- Returned $32.2M to shareholders via dividends and buybacks; estimated RBC ratio 380%.
- Reaffirmed full-year operating guidance; capital and liquidity above target levels.