earnings
confidence high
sentiment positive
materiality 0.70
CNO Financial Q4 net op income $133.9M, +62% YoY; FY NAP up 9%, returned $233M to shareholders
CNO Financial Group, Inc.
2023-FY EPS reported
$2.40
revenue$4,146,800,000
- Net operating income in Q4 2023: $133.9M ($1.18/diluted share), up 62% from $82.9M ($0.71) in Q4 2022.
- Net income Q4 2023: $36.3M ($0.32/diluted share) vs $38.0M ($0.33) in Q4 2022; FY net income $276.5M ($2.40) down from $630.6M ($5.36) in 2022 due to non-economic market impacts.
- Full year total new annualized premiums (NAP) up 9%; health NAP up 11%, worksite NAP up 29%.
- Book value per diluted share ex AOCI was $33.94 at Dec 31, 2023, up from $31.89 at Dec 31, 2022.
- Returned $233.2M to shareholders in 2023; estimated statutory RBC ratio 402%.