earnings
confidence high
sentiment positive
materiality 0.75
CNO Financial Q1 net income $112.3M ($1.01/diluted) vs loss a year ago; operating EPS flat
CNO Financial Group, Inc.
2024-Q1 EPS reported
$1.01
revenue$1,156,500,000
- Net income $112.3M ($1.01/diluted) vs net loss $0.8M ($0.01 loss) in Q1 2023.
- Net operating income $57.5M ($0.52/diluted) nearly flat vs $58.6M ($0.51) prior year; full year guidance unchanged.
- Total new annualized premiums up 8%; Consumer NAP +7%, Worksite NAP +19%, Medicare Supplement NAP +24%.
- Unfavorable $24.3M pre-tax mark-to-market on real estate partnerships offset otherwise strong operating results.
- Returned $57.3M to shareholders ($40M buyback, $17.3M dividends); book value per diluted share ex-AOCI $34.97.