earnings
confidence high
sentiment positive
materiality 0.85
CNO Financial Q2 net income $116.3M ($1.06/diluted), up 66%; operating EPS $1.05, up 94%
CNO Financial Group, Inc.
2024-Q2 EPS reported
$2.08
revenue$2,222,700,000
- Net income $116.3M ($1.06/diluted) vs $73.7M ($0.64) YoY, up 66%; operating income $114.6M ($1.05/diluted), up 94%.
- Total new annualized premiums (NAP) up 4%; Worksite NAP up 18%; Medicare Supplement NAP up 16%; Medicare Advantage policies up 78%.
- Returned $77.2M to shareholders ($60M buybacks); book value per share up 30% to $22.80.
- Raising full-year 2024 guidance on earnings & cash flow; statutory RBC ratio ~394%; holding company cash $429M.