earnings
confidence high
sentiment neutral
materiality 0.80
CNO Q1 GAAP net income drops to $0.13/shr; operating EPS up 52%, guidance reaffirmed
CNO Financial Group, Inc.
2025-Q1 EPS reported
$0.13
revenue$1,004,100,000
- GAAP net income $13.7M ($0.13/diluted share) vs $112.3M ($1.01) in 1Q24, driven by non-economic market volatility impacts.
- Net operating income (non-GAAP) $81.1M ($0.79/share) up 41% from $57.5M ($0.52) in 1Q24; excludes $79.7M fair value loss on derivatives and MRB.
- Annuity collected premiums +12%; Health NAP +9%; Worksite NAP +11%; Producing agent count +8%.
- Returned $116.8M to shareholders: $99.9M buyback (2.5M shares at avg $40.24) and $16.9M dividends.
- Book value per diluted share ex AOCI $37.03 (+6% YoY); Debt-to-capital 42.0%; Statutory RBC 379%; Holding company cash $250.3M.