---
schema_version: "secwatch.filing_event.v1"
accession: "0001224608-25-000026"
form_type: "8-K"
ticker: "CNO"
cik: "0001224608"
company_name: "CNO Financial Group, Inc."
filed_at: "2025-04-28T23:59:59+00:00"
generated_at: "2026-05-23T04:45:56.760423+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# CNO Q1 GAAP net income drops to $0.13/shr; operating EPS up 52%, guidance reaffirmed

## Summary
- 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.

## SEC filing metadata
- accession: 0001224608-25-000026
- form_type: 8-K
- ticker: CNO
- cik: 0001224608
- company_name: CNO Financial Group, Inc.
- filed_at: 2025-04-28T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1224608/000122460825000026/0001224608-25-000026-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1224608/000122460825000026/cno-20250428.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001224608-25-000026
- JSON: https://secwatch.observer/filing/0001224608-25-000026.json
- Plain text: https://secwatch.observer/filing/0001224608-25-000026.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.